Annual Report cb smile - Jet Airways

Significant Accounting Policies and Notes to Accounts (contd.)
c) Statement of Material Transactions during the year and balances with related parties:
i) Subsidiary Company
Amount (Rs. in lakhs)
Jet Lite (India) Limited
Transactions During the Year :
- Other Hire Charges received (-) 429
((-)363)
- Reimbursement Received Nil
((-)92)
- Corporate Guarantee given by the Company on behalf of the Subsidiary Company 4,194
(16,067)
- Investments in Equity and Preference Shares -
(18,000)
- Interline Billing (-) 24,116
((-)7,330)
Assignment of Fixed Asset Right (-) 4,015
(-)
Closing Balance as on 31 st March, 2010:
- Interest free Loan 68,207
(62,314)
- Deposit Nil
((-)8)
- Investments in Equity and Preference Shares 164,500
(164,500)
- Corporate Guarantee by Company on behalf of Subsidiary Company* 70,736
(71,187)
- Corporate Guarantee given by Subsidiary Company on behalf of the Company (-)319,863
((-)361,324)
(Figures in brackets indicate 31st March, 2009 figures)
*Closing Balance of Corporate Guarantee given by Jet Airways (India) Limited represents utilized amount
against total guarantee amount of Rs. 73,318 lakhs (Rs. 86,720 lakhs)
ii) 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 8 of schedule S) (Previous Year Rs. 94 lakhs).
iii) Enterprises over which controlling shareholder of Holding Company and his relatives are able to exercise
significant influence:
71