Atul Ltd Annual Report 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

Rudolf GmbH

0.03

3 Testing fees

0.01

Rudolf GmbH

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

1.37

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)

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