Annual Report cb smile - Jet Airways

Significant Accounting Policies and Notes to Accounts (contd.)
8) MANAGERIAL REMUNERATION :
a) Details of Managerial Remuneration :
66
Amount (Rs. in lakhs)
Particulars 2009-10 2008-09
(i) Salary and Allowances* 102 90
(ii) Contribution to Provident Fund* 5 4
(iii) Perquisites* 20 Nil
Total 127 94
* Included under the head “Employees Remuneration and Benefits” (refer Schedule - O)
Note:
The remuneration reported above excludes charge for gratuity fund and compensated absences since the same are
ascertained on an aggregated basis for the Company as a whole by way of actuarial valuation and separate values
attributable to Directors are not ascertained.
b) Computation of Net Profit in accordance with Section 349 of the Companies Act, 1956, has not been given
as commission by way of percentage of profit is not payable for the current year and the previous year to the
Directors of the Company.
9) Additional information pursuant to paragraphs 3, 4C and 4D of Part II of Schedule VI of the Companies Act, 1956.
(As applicable)
a) Value of imports calculated on CIF Basis:
Amount (Rs. in lakhs)
Particulars 2009-10 2008-09
Components & Spares 19,123 23,507
Capital Goods 27,067 169,631
b) Earnings in Foreign Exchange:
Amount (Rs. in lakhs)
Particulars 2009-10 2008-09
Passenger & Cargo Revenue 333,648 355,307
Sale of Aircraft - 104,573
Interest on Bank Account 41 146
Other Income 2,899 7,139
Leasing Operations 71,768 18,283
Sale of Landing Rights - 3,998
c) Expenditure in Foreign Currency:
Amount (Rs. in lakhs)
Particulars 2009-10 2008-09
Employee Remuneration and Benefits 8,534 9,837
Aircraft Fuel Expenses 112,281 192,803
Selling and Distribution Expenses 33,801 27,232
Other Operating Expenses 163,825 208,606
Aircraft Lease Rentals 83,173 71,279
Interest and Finance Charges 33,774 44,663
Landing Rights / Software 10,231 149