Annual Report 2009/10 - Colombo Stock Exchange
Annual Report 2009/10 - Colombo Stock Exchange
Annual Report 2009/10 - Colombo Stock Exchange
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
36 Sierra Cables PLC - <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong>/<strong>10</strong> Connecting Sri Lanka to Progress<br />
Notes to the Financial Statements<br />
26. Related Party Transactions<br />
Related Party Disclosures as required by the Sri Lanka Accounting Standard No 30 on Related Party Disclosures (Revised 2005) is as follows. The Company Carries out transaction in the<br />
ordinary course of business with Related Parties including entities where the Chairman or a Director of the Company is the Chairman or a Director of such entities.<br />
As at 31 March<br />
Related Party Relationship Name of Director Position Details Amount (Paid) / Received as at 31 March<br />
Dealing 20<strong>10</strong> <strong>2009</strong> 20<strong>10</strong> <strong>2009</strong><br />
Rs. Rs. Rs. Rs.<br />
Transaction with Subsidiary Companies<br />
Alucop Marketing (Pvt) Ltd Subsidiary Company Mr. W.A.P.Perera Chairman Total of funds/loans paid - 6,000,000 (12,060,747) (12,060,747)<br />
Mr. D.S.Panditha Director Total amount paid for the expense<br />
Mr. F.A.W.Irugalbandara Director Total of funds/loans obtained<br />
Mr. D.N.N.Lokuge Director<br />
Mr. E.A.D.T.B.Perera Director<br />
Sierra Engineering & Subsidiary Company Mr. W.A.P.Perera Chairman Settlement of intercompany expenses - - - -<br />
Construction (Pvt) Ltd Mr. D.S.Panditha Director<br />
Mr. E.H.C.Ranasinghe Director<br />
Mr. A.Arulthakshanan Director<br />
Alucop Cables Ltd Subsidiary Company Mr. W.A.P.Perera Chairman For Payments - EPF/ETF (3,832,776) (4,097,725) 482,229,542 517,845,457<br />
Mr. D.S.Panditha Director For Reimbursement of expenses received (4,124,228) 1,182,511<br />
Ms.G.S.M.Irugalbandara Director For Reimbursement of expenses received - (182,200)<br />
Mr. P.Weerasooriya Director For Working Capital purposes (57,835,091) (123,482,244)<br />
Mr. D.N.N.Lokuge Director Short-term Advance received 30,686,120 12,231,518<br />
Mr. E.A.D.T.B.Perera Director For Director fee and other expenses (509,939) 434,801<br />
Mr. R.M.S.Fernando Director<br />
Dr. K.Weerapperuma Director<br />
Sierra Power (Pvt) Ltd Subsidiary Company Mr. W.A.P.Perera Chairman Total amount paid for the expense 3,533,332 - 3,533,332 -<br />
Mr. D.S.Panditha Director Investment (<strong>10</strong>) - - -<br />
Ms.G.S.M.Irugalbandara Director<br />
Mr. A. Senarathne Director<br />
Transaction with Other Related Companies<br />
Sierra Property Affiliated Company Mr. F.A.W.Irugalbandara Chairman - - 25,000,000 25,000,000<br />
Development (Pvt) Ltd Mr. W.A.P.Perera Director<br />
Mr. D.N.N.Lokuge Director<br />
Mr. E.A.D.T.B.Perera Director
Change language