Page 257 - Arvind 2024

Corporate Overview Statutory Reports Financial Statements
Notes to Consolidated Financial Statements for the year ended 31st March, 2024 (Amount in Rs. Lac, unless stated otherwise)
22 Changes in inventories
Closing Stock
Unsold developed plots of land and units Construction work-in-progress
Opening Stock
Unsold developed plots of land and units Construction work-in-progress
Increase in inventories
23 Employee benefit expenses
Salaries, allowances and bonus
Contribution to provident and other funds(Refer Note 30) Employee stock option expenses/ charge (Refer note 31) Gratuity (Refer Note 30)
Staff welfare expenses
1,473.90 93,629.31 95,103.21
3,676.89 72,463.70 76,140.59
(18,962.62)
3,295.66 137.66 123.77 37.80 87.02 3,681.91
Particulars
For the year 2023-24
1,32,524.55
For the year 2022-23
2,582.96
1,35,107.51
1,473.90
93,629.31
95,103.21
(40,004.30)
Particulars
For the year 2023-24
For the year 2022-23
4,969.76
182.06
124.09
48.95
65.30
5,390.16
The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. Certain sections of the Code came into effect on May 03 2023. However, the final rules/interpretation have not yet been issued. Based on a preliminary assessment, the entity believes the impact of the change will not be significant.
24 Finance costs*
Interest on
Term loan
Vehicle loans from banks Debenture
Others
Lease
577.20 16.99 584.84 212.23 8.21 1,399.47
Particulars
For the year 2023-24
For the year 2022-23
467.83
65.52
3,391.10
129.54
39.82
4,093.81
*Net of interest amounting to Rs.3391.10 Lac (P.Y. Rs.584.84 Lac) inventorised to qualifying construction work- in-progress.
25 Other expenses
Repairs and maintenance : Buildings
Others
5.39 34.95
Particulars
For the year 2023-24
For the year 2022-23
0.16
29.63
Annual Report 2023-24 | 255