164 Atul Ltd | Annual Report 2021-22 Note 28.4 Related party disclosures (continued) (` cr) Note 28.4 (I) Outstanding balances as at year end As at March 31, 2022 As at March 31, 2021 4. Acceptances 7.21 7.00 Atul Fin Resources Ltd 7.21 7.00 (` cr) Note 28.4 (I) Outstanding balances as at year end As at March 31, 2022 As at March 31, 2021 b) With joint venture company 1. Receivables 0.89 1.34 2. Refundable security deposit 2.00 2.20 The above balances are with Rudolf Atul Chemicals Ltd. (` cr) Note 28.4 (I) Outstanding balances as at year end As at March 31, 2022 As at March 31, 2021 c) With joint operation 1. Receivables 0.86 1.78 2. Payables 12.22 8.42 3. Loan receivable 68.28 7.23 4. Interest accrued on loan given 0.93 - The above balances are with Anaven LLP. (` cr) Note 28.4 (I) Outstanding balances as at year end As at March 31, 2022 As at March 31, 2021 d) With entities over which Key Management Personnel or their close family members have significant influence 1. Receivables 0.02 0.03 Atul Foundation Trust (current year: ` 22,728 and previous year: ` 13,006) Atul Kelavani Mandal 0.01 0.01 Atul Rural Development Fund (current year: ` 22,108 and previous year: ` 20,256) Atul Vidyalaya Trust 0.01 0.02 Urmi Stree Sanstha (current year: ` 4,448 and previous year: ` 9,633) 2. Payables 0.04 0.05 Atul Foundation Trust (previous year: ` 47,494) - Atul Vidyalaya Trust 0.04 0.05 Note 28.4 (J) Terms and conditions 1 Sales to and purchases from related parties were made on normal commercial terms and conditions and at prevailing market prices or where market price is not available at cost plus margin. 2 Transactions relating to dividends were on the same terms and conditions that applied to other shareholders. Subscriptions of additional equity shares were on preferential basis. 3 All outstanding balances are unsecured and are repayable in cash and cash equivalent.
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