ASIAN HOTELS AND PROPERTIES PLC AnnuAl RepoRt 2012/13

PASSION153 ASIAN HOTELS AND PROPERTIES PLCAnnual Report 2012 /13notes to the financial statementsGROUPCOMPANYFor the year ended 31st March 2013 2012 2013 2012Rs.’000 Rs.’000 Rs.’000 Rs.’00035.1 TRANSACTIONS WITH PARENT COMPANYThe Company’s parent is John Keells Holdings PLCRendering /(Receiving) of Services (14,890) (32,568) (21,360) (19,201)35.2 TRANSACTIONS WITH SUBSIDIARY COMPANYTrans Asia Hotels PLCRendering /(Receiving) of services - - 1,442 1,53035.3 TRANSACTIONS WITH COMPANIESUNDER COMMON CONTROL OF JKH PLC(Purchase) / Sale of Goods (49,933) (61,702) (28,209) (37,912)Rendering /(Receiving) of services (356,896) (178,006) (183,675) (48,706)(Purchase) / Sales of Property, Plant & Equipment (4,056) - (4,056) -35.4 TRANSACTION WITH KEY MANAGEMENTPERSONNEL (KMP) OF THE COMPANYAccording to LKAS 24 Related Party Disclosure “Key Management Personnel” are those having authority and responsibility for planning andcontrolling activities of the entity. Accordingly, the Directors of the Company (including executives and Non-Executive Directors) and theirimmediate family members have been classified as KMP of the Company.As the John Keells Holding PLC is the Parent of the Company and the Board of Directors of the Parent Company have the authority andresponsibility of planning, directing and controlling the activities of the Company, the directors of the parent Company and their immediatefamily member have also been identified as Key Management Personnel of the Company. Immediate family member is defined as spouse ordependent. A dependent is defined as anyone who depends on the respective director for more than 50% of his /her financial needs.GROUPCOMPANYFor the year ended 31st March 2013 2012 2013 2012Rs.’000 Rs.’000 Rs.’000 Rs.’000Key Management PersonnelRendering /(Receiving) of Services 3,443 3,103 3,210 2,896Post Employment benefit planContribution to provide fund 4,037 4,310 3,596 3,296