Gillette_India_Limited_AR_20

Annual Report 2019-20 105 Notes to Financial Statements for the year ended June 30, 2020 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited 22 Changes in inventories of finished goods, work-in-progress and stock-in-trade Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Inventories at the beginning of year: Finished Goods 3 649 3 680 Stock-in-Trade 13 073 10 982 Work-in-Progress 766 555 17 488 15 217 Inventories at the end of year: Finished Goods 4 233 3 649 Stock-in-Trade 14 795 13 073 Work-in-Progress 963 766 19 991 17 488 Net (Increase)/Decrease (2 503) (2 271) 23 Employee benefits expense Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Salaries and wages* 8 305 7 183 Contribution to provident and other funds (refer note 29) 1 249 1 120 Share-based payment to employees (refer note 31) 511 670 Staff welfare expense 614 590 Reimbursement of employee cost cross charged by related parties (refer note 37) 1 239 1 267 11 918 10 830 * Salaries and Wages includes ` Nil lakhs (Previous year: ` 71 lakhs) for expenditure on Voluntary Retirement Scheme. 24 Finance costs Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Interest costs: Interest expense on trade payables (refer note 36) 136 155 Interest on lease liabilities 2 — Interest on entry tax 42 355 Interest on Income tax 16 — Net interest on the net defined benefit liability (refer note 29) 348 275 544 785