Atul Ltd 2016-17

125 ( ` cr) Note 27.4 (E) Key Management Personnel compensation 2016-17 2015-16 a) Remuneration 12.91 12.04 01 Short-term employee benefits 11.05 10.26 02 Post-employment benefits 1 0.92 0.82 03 Commission and other benefits to Non-executive | Independent Directors 0.94 0.96 04 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. ( ` cr) Note 27.4 (F) Close family members of Key Management Personnel compensation 2016-17 2015-16 a) Remuneration 0.29 0.13 01 Saumya S Lalbhai 0.03 0.10 02 Astha S Lalbhai 0.19 – 03 Nishtha S Lalbhai 0.07 0.03 ( ` cr) Note 27.4 (G) Transactions with entities over which Key Management Personnel or their close family members have significant influence 2016-17 2015-16 a) Sales and income 01 Sale of goods 0.15 0.14 Atul Kelavani Mandal 0.04 0.03 Atul Rural Development Fund (Current year: ` 49,622) 0.01 Atul Vidyalaya 0.11 0.10 Urmi Stree Sanstha (Current year: ` 1,723) – 02 Sale of capital goods – 0.01 Atul Vidyalaya – 0.01 b) Purchases and expenses 01 Reimbursement of expenses Atul Vidyalaya (Current year: ` 2,500 and Previous year: ` 3,000) Urmi Stree Sanstha (Current year: ` 14,433) – c) Other transactions 01 Expenditure on Corporate Social Responsibility initiatives 6.33 4.95 Atul Foundation Trust 4.83 3.64 Atul Rural Development Fund 1.50 1.31 02 Reimbursements received 0.06 0.05 Atul Kelavani Mandal (Current year: ` 42,171 and Previous year: ` 46,886) Atul Vidyalaya 0.06 0.05 Notes to the Financial Statements