annual-report-FY2020

266 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 27. Finance Costs Rupees crores Particulars 2020 2019 (a) Interest expense for financial liabilities measured at amortised cost........................................................... 127.50 127.46 Less: Amounts included in the cost of qualifying assets................................................................................ 95.90 95.98 31.60 31.48 (b) Other borrowing costs....................................................................................................................................... 81.63 81.91 Total Finance Costs ..................................................................................................................................................... 113.23 113.39 Other borrowing costs includes discounting charges, unwinding of discount on lease and other liabilities. The weighted average capitalisation rate used to determine the amount of borrowing costs eligible for capitalisation is 4.37% p.a. (2019: 4.10% p.a) 28. Depreciation, amortisation and impairment expense Rupees crores Particulars 2020 2019 (a) Depreciation on Property, Plant and Equipment............................................................................................ 1,245.80 1,137.01 (b) Amortisation on Right-of-use asset.................................................................................................................. 37.03 — (c) Amortisation on Intangible Assets. .................................................................................................................. 914.65 723.39 (d) Impairment of property, plant & equipment and intangible under development...................................... 25.15 — Total Depreciation, amortisation and impairment expense .................................................................................. 2,222.63 1,860.40 29. Other Expenses Rupees crores Particulars 2020 2019 Advertisements.......................................................................................................................................................... 624.15 596.63 Freight outward........................................................................................................................................................ 686.96 980.54 Stores consumed........................................................................................................................................................ 110.46 150.94 Tools consumed......................................................................................................................................................... 41.98 47.17 Power and Fuel.......................................................................................................................................................... 248.32 264.19 Repairs and Maintenance......................................................................................................................................... 346.74 387.29 Sales promotion expenses........................................................................................................................................ 342.12 600.88 Legal and Professional charges [refer note (a)]..................................................................................................... 585.21 516.42 Hire and Service charges. ......................................................................................................................................... 864.83 741.88 Miscellaneous expenses [refer note (b), (c), (d) & (e)]........................................................................................... 1,533.82 1,581.29 Total Other Expenses ................................................................................................................................................ 5,384.59 5,867.23 (a) Auditors remuneration (Net of taxes where applicable) included in Legal and Professional charges are as below: Rupees crores Particulars 2020 2019 Statutory Auditors: Audit Fees.......................................................................................................................................................... 3.58 3.20 Taxation Matters............................................................................................................................................... — — Other Services.................................................................................................................................................... 1.61 1.70 Reimbursement of expenses............................................................................................................................. 0.08 0.14 Total .................................................................................................................................................................... 5.27 5.04 Cost Auditors: Audit Fees.......................................................................................................................................................... 0.08 0.08 Reimbursement of expenses............................................................................................................................. — — Total .................................................................................................................................................................... 0.08 0.08