Annual Report cb smile - Jet Airways

Significant Accounting Policies and Notes forming part of Consolidated Accounts (contd.)
b) Transactions during the year ended 31 st March, 2010 and balances with related parties :
i) Remuneration includes remuneration to Mrs. Anita Goyal, relative of controlling shareholder of Holding
Company Rs. 128 lakhs (Previous Year Rs.156 lakhs) and to Mr. Saroj K. Datta, Key Managerial Personnel
Rs. 127 lakhs (Refer Note 7 of schedule S) (Previous Year Rs. 94 lakhs).
ii) Enterprises over which controlling shareholder of Holding Company and his relatives are able to exercise
significant influence:
110
Amount (Rs. in lakhs)
Jetair Private Limited
Transactions During the Year :
- Agency Commission 3,271
(4,168)
- Travelling Expenses 1
(13)
- Rent Paid (including Service Tax) 141
(153)
- ORC Commision 36
(-)
- Expenses Reimbursed (Staff Costs, Communication Costs, Rent) 165
(1,853)
- Reimbursement (Received) Nil
((-) 11)
- Rent Received (-) 35
((-)68)
Closing Balance as on 31st March, 2010:
- Deposits and Advances 352
(332)
- Sundry Debtors 5,835
(5,545)
- Sundry Creditors 543
(1)
Jet Airways LLC
Transactions During the Year :
- Agency Commission 7,945
(8,746)
- Reimbursement of Expenses (Staff Costs, Communication Costs, Rent) 422
(590)
Closing Balance as on 31st March, 2010:
- Deposits and Advances 11
(-)
- Sundry Creditors 5,935
(2,274)