188 / 220
Atul Ltd | Annual Report 2017-18
(
`
cr)
Note 29.4 (B) Transactions with entity over which control exercised by
Key Management Personnel
2017-18
2016-17
a) Expenses
1 Reimbursement
0.03
Samveg Agencies Pvt Ltd (Current year:
`
22,550)
0.03
b) Other transactions
1 Loan taken
11.20
–
Aagam Holdings Pvt Ltd
11.20
–
2 Repayment of loan received
4.70
7.00
Aagam Holdings Pvt Ltd
4.70
7.00
3 Interest paid on loan
0.34
0.10
Aagam Holdings Pvt Ltd
0.34
0.10
(
`
cr)
Note 29.4 (C) Transactions with entity over which control exercised by
Joint Venturer
2017-18
2016-17
a) Sales and income
1 Commission received
0.53
0.49
Rudolf GmbH
0.53
0.49
2 Waiver of payable
–
0.34
Rudolf GmbH
–
0.34
b) Purchases and expenses
1 Purchase of goods
23.33
14.42
Rudolf GmbH
23.33
14.42
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
2017-18
2016-17
a) Remuneration
12.83
12.91
1 Short-term employee benefits
11.05
11.05
2 Post-employment benefits
1
0.76
0.92
3 Commission and other benefits to Non-executive | Independent
Directors
1.02
0.94
4 Interest on deposits from Directors (Current year:
`
6,912 and Previous
year:
`
9,000)
1
Compensation excludes provision for gratuity and compensated absences since these are based on actuarial valuation on an overall
company basis.
Notes
to the Consolidated Financial Statements