Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 ( ` cr) Note 29.4 (B) Transactions with entity over which control exercised by Key Management Personnel 2016-17 2015-16 a) Expenses 1 Reimbursement 0.03 0.02 Samveg Agencies Pvt Ltd 0.03 0.02 b) Other transactions 1 Loan received – 1.50 Aagam Holdings Pvt Ltd – 1.50 2 Repayment of loan received 7.00 3.50 Aagam Holdings Pvt Ltd 7.00 3.50 3 Interest paid on loan 0.10 0.69 Aagam Holdings Pvt Ltd 0.10 0.69 ( ` cr) Note 29.4 (C) Transactions with entity over which control exercised by Joint Venturer 2016-17 2015-16 a) Sales and income 1 Commission received 0.49 0.42 Rudolf GmbH 0.49 0.42 2 Waiver of payable 0.34 – Rudolf GmbH 0.34 – b) Purchases and expenses 1 Purchase of goods 14.42 13.44 Rudolf GmbH 14.42 12.93 Rudolf Duraner – 0.51 2 Insurance expense 0.03 0.03 Rudolf GmbH 0.03 0.03 3 Testing fees 0.01 0.01 Rudolf GmbH 0.01 0.01 ( ` cr) Note 29.4 (D) Key Management Personnel compensation 2016-17 2015-16 a) Remuneration 14.75 13.58 1 Short-term employee benefits 12.44 11.26 2 Post-employment benefits 1 1.37 1.36 3 Commission and other benefits to Non-executive | Independent Directors 0.94 0.96 4 Interest on deposits from Directors (Current year: ` 9,000 and Previous year: ` 9,045) 1 Compensation exclude provision for gratuity and compensated absences since these are based on actuarial valuation on an overall company basis. Notes to the Consolidated Financial Statements