Salary Increments Budgeting Model

Year ended 30 June 2017 Spinning Weaving

Value addition
Sales inclusive of sales tax
Less: purchases materials and services
Value added
Other income

Value distribution
Government taxes
Providers of Capital (Finance Cost)
Dividend
Contribution to society (Donations)
Profit retained
Employees remuneration (Rs.)
Employees remuneration (% of Value addition)

Year ended 30 June 2016 Spinning Weaving

Value addition
Sales inclusive of sales tax (pg. 86) 14,784,930 19,160,838
Over/(under)stated in Value addition statement 4,209,674 1,786,423
Sales inclusive of sales tax (as per Value Addition Statement) 18,994,604 20,947,261
Less: purchases materials and services (17,082,173) (18,759,758)
: allocated overheads (94,428) (305,881)
Value added 1,818,003 1,881,621
Other income 52,185 55,510
1,870,189 1,937,131
Value distribution
Government taxes (265,970) (215,730)
Providers of Capital (Finance Cost) (197,199) (17,162)
Dividend - ###
Contribution to society (Donations) - ###
Profit retained 31,435 (777,879)
Employees remuneration (Rs.) 1,438,455 926,361
Employees remuneration (% of Value addition) 77% 48%

Change 01 Jul 2016 to 30 Jun 2017 Spinning Weaving

Value addition
Sales inclusive of sales tax
Less: purchases materials and services
Value added
Other income

Value distribution
Government taxes
Providers of Capital (Finance Cost)
Dividend
Contribution to society (Donations)
Profit retained
Employees remuneration (Rs.)
Employees remuneration (% of Value addition)

Computation of Employee remuneration Budget

Spinning Weaving
Year ending 30 June 2018
Increase in Value Addition over last year % 30% 35%
Value added 2016-17 (assumed) 2,363,404 2,540,189
BOD approval for Employee remuneration % (assumed) 80% 65%
BOD approval for Employee remuneration Rs. 1,890,724 1,651,123

Gross pay Jul '16

Add: Positions added after Jun '16
Add: Interim increases (2016-17)
Add: Interim incentives (2016-17)
Less: Positions deleted after Jun '16
Gross pay 30 June 17 (before increments): 98,586,201 52,644,276
Gross Pay *12 1,183,034,412 631,731,312
BOD Approval minus Gross Pay 2017
Less: Payments additional to gross pay1
Less: Minimum Wage Increase Jul '17
Less: xx % Allowance for support departments
Less: Minimum increase for outliers
Less: Incentives for high achievers
Increment budget for eligible employees2
1
Additional payments include Contract wages, Overtime, PF, PESSI, 10C, EOBI, Earned Leave, Final settlement, Foreign Experts, Directors sa
2
excluding outliers and high achievers

Support departments
Total allowance for support departments

Accounts Admin
Budget allocation Rs.

Gross pay 'Jul 16

Add: Minimum wage increase Jul '17
Add: Positions added after Jun '16
Add: Interim increases (2016-17)
Add: Interim incentives (2016-17)
Less: Positions deleted after Jun '16
Employees remuneration before increments:

Budget available for increments and incentives

Less: Minimum increase for outliers

Less: Incentives for high achievers

Increment budget for eligible employees*

*excluding outliers and high achievers
Dyeing Hometex Apparel Power Other Total

Dyeing Hometex Apparel Power Elimination Total

inter segment
14,629,172 8,182,087 4,228,558 4,604,445 (17,590,851) 47,999,179
1,769,886 (359,154) (101,218) 2,426,763 17,590,851 27,323,224
16,399,058 7,822,933 4,127,340 7,031,208 - 75,322,403
(14,011,405) (6,240,382) (3,270,466) (4,965,679) (64,329,864)
(297,129) (231,043) (28,255) (57,247) (1,013,983)
2,090,524 1,351,508 828,619 2,008,281 9,978,557
25,482 43,966 9,557 23,732 210,433
2,116,006 1,395,474 838,176 2,032,013 10,188,989
-
(279,849) (132,547) (102,904) (82,966) (1,079,965)
(18,685) (12,892) (43,238) (106,387) (395,563)
- - - - -
- - - - -
(1,302,581) (413,282) 169,156 (1,681,957) (3,975,108)
514,891 836,753 861,191 160,703 4,738,353
24% 60% 103% 8%

Dyeing Hometex Apparel Power Other Total

Dyeing Hometex Apparel Power Other Total

15% 25% 15% 15%
 2,404,103 1,689,385 952,912 2,309,523 12,259,516
35% 80% 85% 10%
841,436 1,351,508 809,975 230,952 6,775,717

35,631,985 60,495,458 67,414,531 11,957,769 52,495,019 379,225,239

427,583,820 725,945,496 808,974,372 143,493,228 629,940,228 4,550,702,868

oreign Experts, Directors salary, Welfare, Insurance, Canteen, Rewards, House Rent All. and Education Cess

Planning &
Corporate HR Finance L. Sale Waste Purchase Total
Others