Hi guys,
I was studying the AR of 2015 and I had following concerns.
1. Employee benefit expenses increased from 7.83 cr in FY2014 to Rs. 16.65 cr in FY2015. As per the Related Party Disclosure salary of management has increased by 6.06 cr. in Fy2015. So major increase in employee benefit expenses has gone to management.
2. Contingent Liabilies of the company has increased from 37.32 cr in FY2014 to Rs. 63 cr in FY2015, Rs. 20.89 cr increase is due to Central Sales Tax. As per the auditor’s report cases under Central Sales Tax Act has been opened from the period 2006-07 to 2012-13.
It would be helpful if anyone can throw some light on it.
Regards
Harshit
Disclosure: Invested
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