2010-11 - Grasim

ULTRATECH CEMENT LANKA (PVT) LIMITED
2011 2010
SLR
INR SLR INR
24 TRADE PAYABLES
ABLES
Import Trade Payables
ables
Related Party Payable -
Ultratech Cement Limited 201,570,7
1,570,749
81,422,532 310,162,365 122,160,440
Import Payable 10,037
0,037,21
,213 4,054,434 2,855,183 1,124,541
Other trade payables 48,988,261 19,788,329
36,760,933 14,478,648
260,596,223 105,265,295
349,778,481 137,763,630
25 OTHER PAYABLES
ABLES
Retention payables 14,781,1
4,781,149
49 5,970,700 3,742,549 1,474,039
Rebate payable to customers 32,385,990 13,082,0
3,082,004
04 7,571,617 2,982,154
Withholding tax payable 920,237 371,721 357,480 140,797
Stamp duty payable 115,924
46,826 132,249 52,088
Nation Building Tax payable 2,590,820 1,046,536 6,351,370 2,501,548
Payable to Sri Lanka Customs 11,843,808
1,843,808 4,784,190
Others 5,399,977 2,181,268
5,052,958 1,990,156
68,037,903
,903 27,483,245
23,208,223 9,140,782
26 RELATED PAR
ARTY DISCLOSURES
(a)
Identity of Related Parties
The compnay has a related party relationship with its Parent Company, Affiliate companies and with its
Key Management Personnel.
(b)
Transactions with key management personnel
Key Management Personnel comprise of directors of the company.
(i)
Loans to directors
No loans have been given to directors fo the company.
(ii)
Key management personnel compensation
The details of compensation to Key Management Personnel are as follows,
Salaries 11,7
1,749,252
4,745,995
45,995 11,213,669 4,661,961
Housing rent 840,000 339,316 840,000 349,221
Medical expenses & school
fees reimbersement 404,889 163,551
295,280 122,759
Traveling 243,010 98,165
65 302,475 125,751
Other non cash benefits 574,37
4,376 232,014 476,533 198,113
(iii)
Company Name
Relationship
Nature of Transaction
13,81
3,811,527
1,527 5,579,040 13,127,957 5,457,805
Balance as at
Value of Transactions
Balance as at
31.03.20
.03.2010 During the year
31.03.20
.03.2011
SLR INR SLR INR SLR INR
UltraTech Cement Limited Parent Company - Import of cement 310,162,365 122,160,440 3,788,438,251 1,522,069,800 -
- Settlements - (3,897,029,867) (1,562,807,708) 201,570,749 81,422,532
310,162,365 122,160,440 (108,591,616) (40,737,908) 201,570,749 81,422,532
- Dividend 120,000,000 48,472,826 108,000,000 43,625,543
Ceylinco Insurance Company PLC Affiliate - Insurance services - 3,376,683 1,346,685.58 -
- Settlements (3,376,683) (1,346,686)
- - - - - -
- Dividend - - 27,000,000 10,906,386 - -
Ceylinco International Trading Co Affiliate - Dividend - - 3,000,000 1,211,821 - -
128