Annual Report - 2005-06 - GAIL (India)

RELATED PARTY DISCLOSURES
(Annexure - B)
II)
The following transactions were carried out with the related parties in the ordinary course of business:
A) Details relating to parties referred to in item no. I (A) above:
(Rs.in Crores)
I) Relationship
A) Joint Venture Companies:
1) Mahanagar Gas Limited
2) Indraprastha Gas Limited
3) Petronet LNG Limited
4) Bhagyanagar Gas Limited
5) Tripura Natural Gas Company Limited
6) Central UP Gas Limited
7) Green Gas Limited
8) Maharashtra Natural Gas Limited
9) Ratnagiri Gas and Power Pvt. Ltd.
B) Whole time Directors:
1) Shri Proshanto Banerjee, Chairman and Managing Director
2) Shri J. K. Jain (up to 31.10.2005)
3) Shri R. K. Goel (w.e.f. 01.11.2005)
4) Shri S. P. Rao
5) Shri B.S. Negi
6) Shri M. R. Hingnikar
7) Dr U. D. Choubey
C) Unincorporated Joint venture for Exploration & Production Activities:
1) NEC - OSN - 97/1 (Non-operator with participating interest: 50%)
2) CB - ONN - 2000/1 (Non-operator with participating interest: 50%)
2005-06 2004-05
1) Sales 335.34 293.14
2) Amount receivable as at Balance Sheet Date for (1) above 15.71 14.60
3) Purchases 2361.35 1187.71
4) Amount payable as at Balance Sheet Date for (3) above 75.20 66.65
5) Reimbursement for other expenditure received/receivable 0.13 1.23
6) Amount receivable as at Balance Sheet Date for (5) above 0.09 1.17
B) Details relating to parties referred to in item no. I (B) above:
2005-06 2004-05
1) Remuneration * 0.78 0.73
2) Interest bearing outstanding loans receivable 0.12 0.14
3) Interest accrued on loans given 0.08 0.09
* Remuneration includes Basic, Allowances,reimbursements,contribution to PF and perquisites.
In addition, Whole time Directors are allowed the use of Staff cars including for private journeys upto a ceiling of 1000 Kms. per month on
payment in accordance with the Bureau of Public Enterprises Circular.
C) Details relating to parties referred to in item no. I (C) above:
2005-06 2004-05
1) Minimum work program commitment 536.78 94.39
2) Survey and other expenses 67.24 22.07
3) Other assets 141.14 46.13
4) Amount outstanding on Balance Sheet date 59.97 17.32
5) Amount written Off- Dry well expenditure 16.26 2.22
3) A-1, Myanmar (Non-operator with participating interest: 10%)
4) CY-OS/2 (Non-operator with participating interest: 25%)
5) AA-ONN-2002/1 (Non-operator with participating interest: 80%)
6) CY-ONN-2002/1 (Non-operator with participating interest: 50%)
7) AA-ONN-2003/2 (Non-operator with participating interest: 35%)
8) CB-ONN-2003/2 (Non-operator with participating interest: 20%)
9) AN-DWN-2003/2 (Non-operator with participating interest: 15%)
10) A-3, Myanmar (Non-operator with participating interest: 10%)
122 Winning Momentum 123