annual-report-FY2021

258 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 22. Other Income Rupees crores Particulars 2021 2020 (a) Interest Income – On Financial Assets measured at Amortised Cost....................................................................................... 414.87 346.66 – On Financial Assets at Fair Value Through Other Comprehensive Income.............................................. 7.65 45.78 (b) Dividend Income – On equity investments in subsidiaries, associates and JV’s........................................................................ 550.73 1,007.06 – Mutual fund at Fair Value through Profit or Loss...................................................................................... 0.04 33.21 (c) Net Gain arising on financial assets/ liabilities measured at Fair Value through profit or loss. ............... 132.47 4.07 (d) Other non operating income (net of directly attributable expenses)......................................................... 115.55 231.03 Total Other Income . .................................................................................................................................................. 1,221.31 1,667.81 23. Cost of materials consumed Rupees crores Particulars 2021 2020 Opening inventory.................................................................................................................................................... 1,109.75 1,141.97 Add: Purchases........................................................................................................................................................... 25,349.40 22,841.52 26,459.15 23,983.49 Less: Closing inventory.............................................................................................................................................. 1,423.26 1,109.75 Total Cost of materials consumed ........................................................................................................................... 25,035.89 22,873.74 24. Changes in inventories of finished goods, stock-in-trade and work-in-progress Rupees crores Particulars 2021 2020 Opening inventories: Finished goods........................................................................................................................................................... 1,379.46 1,670.61 Work-in-progress....................................................................................................................................................... 126.81 126.35 Stock-in-trade. ........................................................................................................................................................... 551.25 629.18 Manufactured Components...................................................................................................................................... 105.72 146.59 2,163.24 2,572.73 Less: Closing inventories: Finished goods........................................................................................................................................................... 1,614.47 1,379.46 Work-in-progress....................................................................................................................................................... 165.68 126.81 Stock-in-trade. ........................................................................................................................................................... 486.06 551.25 Manufactured Components...................................................................................................................................... 137.03 105.72 2,403.24 2,163.24 Net (increase)/decrease in inventories .................................................................................................................... (240.00) 409.49 25. Employee Benefits Expense Rupees crores Particulars 2021 2020 (a) Salaries and wages, including bonus.............................................................................................................. 2,359.58 2,357.32 (b) Contribution to provident and other funds................................................................................................... 215.26 220.72 (c) Share based payment to employees............................................................................................................... 92.61 114.50 (d) Staff welfare expenses. .................................................................................................................................... 191.35 187.54 Total Employee Benefits Expense ............................................................................................................................ 2,858.80 2,880.08