PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

172 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) Particulars Year ended March 31, 2021 Year ended March 31, 2020 (Restated) 27 Finance cost Interest on term loans using effective interest rate measured at amortised cost 1,287.54 1,098.26 Add - Exchange difference regarded as an adjustment as per para 6E to borrowing costs 189.35 372.77 Less: Exchange loss capitalised as per para 6E from borrowing Cost (162.35) (108.73) Less: Interest capitalised (532.94) (500.98) Net interest on term loans 781.60 861.32 Interest on working capital loans using effective interest rate measured at amortised cost 1,247.42 2,323.80 Interest on vehicle loans using effective interest rate measured at amortised cost 11.89 18.05 Loan arrangement fees amortised using effective rate of interest basis 14.72 10.10 Interest cost lease liability using effective interest rate measured at amortised cost 72.24 70.72 Interest on delayed payment of income tax 13.15 126.92 2,141.02 3,410.91 28 Depreciation and amortisation Depreciation on property, plant and equipment 6,584.02 5,204.09 Amortisation of intangible assets 207.95 195.21 Amortisation right to use assets 307.99 277.86 7,099.96 5,677.16 29 Other expenses Consumption of stores and spares 1,254.96 1,064.86 Power and fuel 7,039.02 6,139.07 Job work charges 2,160.03 2,748.61 Repairs and maintenance of: Buildings 423.86 378.42 Plant and machinery 839.12 901.90 Others 211.45 153.41 Contract labour charges 1,132.21 944.62 Lease expense (refer note 4a) 16.22 19.98 Research and development 615.38 682.83 Pollution control expenses 309.55 225.87 Other factory expenses 560.00 440.52 Insurance 1,366.06 1,942.60 Postage and telephone expense 88.93 79.07 Rates and taxes 92.66 186.89 Training expenses 9.99 24.32 Auditors remuneration: For audit (including paid to other auditors Rs. 1.05 lakhs (March 31, 2020 - Rs. 0.75 lakhs) 44.30 38.00 For limited review 27.00 27.00 Other services 3.90 3.50 Out of pocket expenses 2.06 2.23 Brokerage and Commission 182.76 111.60 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)