82 / 136
80 /
Atul Ltd
|
Annual Report 2009-10
6 Managerial Remuneration (contd)
(ii) Commission to Executive Director:
Commission payable to Executive Director 1% of operating profit
of Polymer and Pharma Division upto December 31, 2008 Rs 0.19
crore Maximum upto Rs 0.21 crore
-
0.19
(iii) Directors’ commission:
1% of the profit computed above Rs 0.85 crore
Maximum upto Rs 0.27 crore
0.27
0.12
(b) Details of payments and provisions on account of remuneration to Managing Directors included in the
respective heads of expenditure in Profit and Loss Account are as under:
Chairman and Managing Directors
2009-10 2008-09
Particulars
(i) Salary
0.73
0.58
(ii) House rent allowance
0.03
0.02
(iii) Commission
1.25
0.62
(iv) Gratuity
0.03
0.03
(v) Contribution to provident and other funds
0.20
0.13
(vi) Perquisites
0.17
0.15
Total
2.41
1.53
Estimated monetary value of perquisites to Managing Directors on account of furniture Rs 46,911
(Previous year Rs 42,292)
(c) Details of payments and provisions on account of remuneration to Executive I Wholetime Directors included
in the respective heads of expenditure in Profit and Loss Account as under:
Executive | Wholetime Directors
2009-10 2008-09
Particulars
(i) Salary
0.22
0.26
(ii) Other allowances
0.23
0.03
(iii) Commission
-
0.19
(iv) Gratuity
0.01
0.01
(v) Contribution to provident and other funds
0.06
0.06
(vi) Perquisites
0.04
0.41
Total
0.56
0.96
Estimated monetary value of perquisites to Executive I Wholetime Directors on account of
furniture (Previous year Rs 22,936)
0.01
Schedule
forming part of the accounts
(Rs crores)
SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS
(contd)
2009-10 2008-09
81