Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...
Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...
Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
28. RELATED PARTY DISCLOSURES (CONT.)<br />
Company name of Relationship nature of Charged/(Credited)<br />
Director transaction 20<strong>11</strong> <strong>2010</strong><br />
Rs.<br />
Rs.<br />
AEN Palm Oil Processing (Pvt) Ltd. Mr. J.M.S. Brito Related Company Expenditure Incurred 356,466 361,423<br />
Mr R.M. Fernando<br />
Mr. F. L. Fonseka<br />
Dr. C.N.A.Nonis<br />
Mr. S.S.Poholiyadda<br />
Mr. J.H.P. Ratnayake<br />
<strong>Elpitiya</strong> Lifestyle Solutions (Pvt) Ltd. Mr. S. Pathirane Related Company Expenditure Incurred 9,964,446 6,033,084<br />
Dr. R.M. Fernando USD Loan & Interest <strong>11</strong>,887,082 17,876,941<br />
Mr. Malik J. Fernando<br />
Mr. D.A.de S.Wickramanayake<br />
Ms. D.Pathirane<br />
Mr. A.Kanthasamy<br />
Meddecombra Power Company (Pvt) Ltd Mr. J.M.S.Brito Related Company Professional Fees - 27,769<br />
Dr. R.M.Fernando<br />
& Secretarial Charges<br />
Mr. Malik J Fernando<br />
Mr. D.A.de S.Wickremanayake<br />
EPP Hydro Power (Pvt) Ltd Mr. J.M.S. Brito Related Company Professional Fees 1,626,552 -<br />
Dr R.M. Fernando<br />
& Secretarial Charges<br />
Mr. Merril J. Fernando Expenditure Incurred 2,080,000 -<br />
Mr. Malik J. Fernando<br />
Mr. D.V.H.de Mel<br />
Mr. D.A.de S.Wickremanayake<br />
HNB Bank Mr. D.H.S.Jayawardana Related Company Loan Receipts 25,000,000 -<br />
Loan Repayment 46,380,004 49,852,428<br />
Finance Lease Repayment 7,482,383 10,964,386<br />
Finance Lease Obtained - 928,836<br />
DFCC Vardhana Mr. J.M.S. Brito Related Company Loan Repayment 10,983,552 <strong>11</strong>,914,138<br />
DFCC Bank Mr. J.M.S. Brito Related Company Loan Receipts - 50,000,000<br />
ADB Loans Repayment 32,183,208 88,213,742<br />
Lanka Commodity Brokers Ltd Dr. Anura Ekanayake Related Company Tea Sales 42,228,680 -<br />
28.2 Transactions with the Key Management Personnel of the Company and parent<br />
There are no transactions with the key management personnel of the company and its parent other than those disclose in Note 21.<br />
28.3 Other Related Party Transactions<br />
Guarantees given by Aitken Spence Plantation Managements Ltd on behalf of the company.<br />
* Corporate Guarantee of Rs.25.429 Mn. for DFCC Loan 26262/F/002 31464 & 26262/G/001 31465.<br />
* Corporate Guarantee of Rs.7.467 Mn. for DFCC Loan 23338/C/002 30966.<br />
* Corporate Guarantee of Rs.125 Mn. for Bank of Ceylon Overdraft Facility.<br />
* Corporate Guarantee of Rs.50 Mn. for HNB Permanent Overdraft Facility.<br />
* Corporate Guarantee of Rs.75 Mn. for debentures.<br />
* Corporate Guarantee of Rs.80 Mn. for NDB Loan.<br />
29. RELATED PARTY TRANSACTIONS<br />
Notes to the Financial Statements<br />
Year Ended 31 st March 20<strong>11</strong><br />
There are no related party transactions other than those disclosed in Notes 7, 10, 17, 20, 24 & 28 to the Financial Statements.<br />
52<br />
<strong>Elpitiya</strong> <strong>Plantations</strong> <strong>Plc</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>/<strong>11</strong>
Change language