Page 55 - GlaxoSmithKline Pharmaceuticals AR 2012

51
Previous year
Rupees in lakhs Rupees in lakhs
34 CHANGES IN INVENTORIES OF FINISHED
GOODS, WORK-IN-PROGRESS AND TRADED
GOODS
Opening stock .. .. .. .. .. ..
Work-in-progress .. .. .. .. .. .. 54,60.15 51,76.51
Finished goods .. .. .. .. .. .. 86,10.15 76,99.27
Traded goods .. .. .. .. .. .. 130,08.10 85,93.57
270,78.40 214,69.35
Less: Closing stock
Work-in-progress .. .. .. .. .. .. 33,32.75 54,60.15
Finished goods .. .. .. .. .. .. 63,58.99 86,10.15
Traded goods .. .. .. .. .. .. 121,28.02 130,08.10
218,19.76 52,58.64 270,78.40 (56,09.05)
TOTAL .. 52,58.64 (56,09.05)
35 EMPLOYEE BENEFITS EXPENSES
Salaries, wages and bonus .. .. .. .. 262,89.58 250,20.29
Contributions to : Provident and pension funds .. .. 14,17.93 13,28.63
Gratuity funds .. .. .. .. 4,34.88 4,50.97
Staff welfare .. .. .. .. .. .. 14,09.16 10,36.42
TOTAL .. 295,51.55 278,36.31
36 OPERATING AND OTHER EXPENSES
Sales promotion .. .. .. .. .. .. 99,65.73 106,17.93
Stock point commission .. .. .. .. .. 12,08.63 11,27.20
Freight (net) .. .. .. .. .. .. 48,75.60 39,96.34
Travelling .. .. .. .. .. .. .. 56,81.55 48,87.34
Provision / write off for doubtful debts, loans and advances (net) 4,62.25 1,09.27
Manufacturing charges .. .. .. .. .. 52,59.51 53,57.58
Repairs - Buildings .. .. .. .. .. 2,21.07 2,74.10
- Plant and Machinery .. .. .. .. 9,68.28 10,58.00
- Others .. .. .. .. .. 13.38 12,02.73 13.21 13,45.31
Consumption of stores and spares .. .. .. 3,55.68 3,14.90
Power, fuel and water .. .. .. .. .. 22,50.13 26,70.13
Rent .. .. .. .. .. .. .. 13,74.58 10,84.55
Rates and taxes .. .. .. .. .. .. 16,76.87 9,88.99
Printing, postage and telephones .. .. .. .. 15,35.61 13,55.10
Sales training, briefing and conference .. .. .. 18,10.73 19,97.60
Excise duty .. .. .. .. .. .. (3,60.55) 4,31.66
Insurance .. .. .. .. .. .. 3,19.40 3,14.89
Remuneration to auditors :
Statutory audit fees .. .. .. .. .. 36.75 36.75
In other capacity in respect of :
Tax audit fees .. .. .. .. .. .. 6.00 6.00
Audit of tax accounts .. .. .. .. .. 20.00 20.00
Other services .. .. .. .. .. .. 25.25 25.25
Reimbursement of expenses .. .. .. .. 3.16 1.54
91.16 89.54
Cost audit fees .. .. .. .. .. .. 3.71 94.87 3.78 93.32
Date-expired stocks .. .. .. .. .. 26,77.13 23,23.44
Commission to non whole-time Directors .. .. .. 46.29 42.78
Directors' sitting fees .. .. .. .. .. 14.80 13.40
Miscellaneous .. .. .. .. .. .. 55,71.93 56,14.76
Reimbursement of expenses (net) (Refer note 40) .. .. 2,95.80 74.07
Expenses relating to service income [Refer note 29 (b)] .. (45,39.26) (40,98.24)
TOTAL .. 417,80.01 406,62.32
Notes to the Financial Statements for the year ended 31st December, 2012 — continued