Atul Ltd 2017-18

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