28. Employee benefits expense For the year ended 31 March 2023 31 March 2022 Salaries and wages 1,858.46 1,618.17 Contribution to provident and other funds (refer note a below) 101.52 87.66 Gratuity expense 18.02 16.18 Compensated absences expense 77.72 70.32 Staff welfare expenses 59.17 50.55 2,114.89 1,842.88 (a) The amount recognized as an expense towards contribution to provident fund and employee state insurance schemes for the year ended 31 March 2023 amounts to ` 101.52 (31 March 2022: ` 87.66). 29. Finance costs For the year ended 31 March 2023 31 March 2022 Interest on borrowings calculated using eff ective interest method 23.55 28.25 Interest on lease liabilities 8.64 6.77 Other borrowing costs 6.83 5.05 39.02 40.07 30. Other expenses For the year ended 31 March 2023 31 March 2022 Consumption of stores and spares and consumables 287.17 233.03 Power and fuel 481.15 358.44 Rent 85.26 37.72 Repairs and maintenance - Buildings 12.20 8.91 - Plant and equipment 21.60 19.90 - Others 106.88 71.38 Insurance 31.47 28.67 Electricity charges 18.59 9.39 Rates and taxes, excluding taxes on income 39.81 49.39 Freight outwards 944.62 788.54 Communication 22.82 20.39 Off ice maintenance 15.83 7.16 Travelling and conveyance 60.08 33.81 Legal and professional fees 137.08 145.76 Property, plant and equipment written off 4.95 14.36 Payment to auditors 10.16 9.52 Corporate social responsibility (CSR) expenditure 31.18 30.27 Selling and distribution expenses 264.95 145.92 Provision for doubtful advances 0.80 - Provision towards doubtful debts and bad debts written off 6.25 61.27 Bank charges 18.34 16.28 Advertisement expenses 1.73 2.56 Security charges 77.17 62.46 Miscellaneous expenses 68.60 67.52 2,748.69 2,222.65 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 289 Consolidated | Financial Statements
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