Download Annual Report - Renata

36. Related party disclosure:During the year the company carried out a number of transactions with related parties in the normal course of business onan arm's length basis. Name of those related parties, nature of those transaction and their total value has been shown in thebelow table in accordance with the provisions of BAS-24- "Related Party Disclosure".TransactionOpeningClosingName of the party Relationship Nature of transaction balance Addition Adjustment balanceTaka Taka Taka TakaRenata Agro Industries Ltd. SubsidiarySale of goodsAdvance paymentShort term loan5,173,552--5,173,5529,752,70662,619,34630,000,000102,372,0522,957,592--2,957,59211,968,66662,619,34630,000,000104,588,012Purnava Ltd. Subsidiary Purchase of goodsAdvance paymentTotal-32,784,98232,784,982208,150,102-208,150,102208,150,10242,641,326250,791,428-(9,856,344)(9,856,344)37. General1) All the figures in the financial statements represent Bangladesh Taka currency (BDT) rounded off to the nearest integer.2) The comparative information has been disclosed in respect of 2012 for all numerical information in the financial statements andalso the narrative and descriptive information as found relevant for understanding of the current year's financial statements.3) To facilitate comparison, certain relevant balances pertaining to the previous year have been rearranged or reclassified wheneverconsidered necessary to conform to current year presentation.•80