Page 148 - FBL AR 2019-20

Fermenta Biotech Limited
Annual Report 2019-20

Notes to the Standalone financial statements for the year ended March 31, 2020

36 Employee benefits expense
( H in Lakhs )
March 31, 2020 March 31, 2019
Salaries and wages 3,760.88 4,665.07
Contribution to provident and other funds 220.54 180.64
Gratuity expense [Refer note 45] 92.74 44.78
Share based payments to employees [Refer note 58] 554.69 52.80
Staff welfare expenses 374.30 374.50
Total 5,003.15 5,317.79
37 Finance costs
( H in Lakhs )
March 31, 2020 March 31, 2019
Interest on
Term loans 1,207.13 1,501.72
Loans repayable on demand 449.10 195.98
Loans from related parties 4.60 26.93
Liabilities carried at amortised cost (Unwinding of interest) 98.84 116.59
Lease liabilities 56.54 -
Others 6.13 164.30
Other borrowing costs 109.70 59.79
Total 1,932.04 2,065.31

38 Depreciation and amortisation expense
( H in Lakhs )
March 31, 2020 March 31, 2019
Depreciation on property, plant and equipment (Refer note 3) 1,014.36 876.28
Depreciation on right-of-use assets (Refer note 4) 152.86 -
Depreciation of investment property (Refer note 5) 255.55 260.17
Amortisation of intangible assets (Refer note 6) 71.06 48.87
Total 1,493.83 1,185.32

39 Other expenses
( H in Lakhs )
March 31, 2020 March 31, 2019
GST other than recovered on sales 123.69 121.68
Contract labour charges 426.23 402.09
Power and fuel 1,236.86 1,348.19
Processing charges 383.54 816.71
Repairs to buildings 59.49 128.78
Repairs to machinery 151.96 186.98
Stores and spare parts consumed 994.23 1,097.92
Water charges 36.88 39.50
Advertising and sales promotion 853.64 273.92
Freight and forwarding charges 575.33 553.04
Commission on sales 908.81 2,312.94
Rent (including lease rentals) 45.51 147.84
Repairs and maintenance - others 769.25 474.24
Insurance 275.14 186.37
Rates and taxes 263.66 164.45
Allowance for doubtful debts 91.46 64.34
Allowance for doubtful advances 31.96 3.24
Trade receivable, loans and advances written off 230.16 853.16
Less: Allowance held (187.83) 42.33 (825.77) 27.39
Impairment in the value of non-current investment 47.53 -
Provision for impairment of non-current investment in associates - 865.95
and subsidiary (including share application money)
Loss on sale of shares of an associate - 61.48
Loss on sale of shares in a joint venture - 588.00
Less: Provision for impairment held - (588.00) -

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