PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

171 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) 23 Cost of materials consumed Raw material consumed Opening Stock 11,921.62 14,154.48 Add: Purchases 74,129.66 78,344.91 Less: Closing Stock 9,591.30 11,921.62 Consumption 76,459.98 80,577.77 Packing material consumed Opening Stock 61.28 82.16 Add: Purchases 1,739.57 1,320.33 Less: Closing Stock 86.91 61.28 Consumption 1,713.94 1,341.21 78,173.92 81,918.98 24 Purchase of stock in trade Purchase of stock in trade 316.77 270.37 316.77 270.37 25 Changes in inventories of finished goods and work in progress Closing stock: Finished goods 14,364.54 12,651.00 Work in progress 9,306.99 7,639.14 23,671.53 20,290.14 Opening stock: Finished goods 12,651.00 12,227.28 Work in progress 7,639.14 6,186.55 20,290.14 18,413.83 (Increase) in inventories (3,381.39) (1,876.31) 26 Employee benefits expense Salaries, wages and bonus 6,175.08 5,778.07 Contribution to provident and other funds 321.72 306.51 Staff welfare expenses 489.93 418.85 6,986.73 6,503.43 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)