Schedules forming part of the Financial ... - Thomas Cook India
Schedules forming part of the Financial ... - Thomas Cook India
Schedules forming part of the Financial ... - Thomas Cook India
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<strong>Thomas</strong> <strong>Cook</strong> (<strong>India</strong>) Limited<br />
<strong>Schedules</strong> <strong>forming</strong> <strong>part</strong> <strong>of</strong> <strong>the</strong> Consolidated <strong>Financial</strong> Statements<br />
for <strong>the</strong> year ended 31st December, 2011<br />
SCHEDULE “Q” : (Contd.)<br />
(C) Disclosure <strong>of</strong> transactions between <strong>the</strong> Company and related <strong>part</strong>ies and outstanding balances as at <strong>the</strong> year end:<br />
Year ended<br />
Year ended<br />
31st December, 2011<br />
31st December, 2010<br />
Rupees Rupees Rupees Rupees<br />
(i) Holding Company<br />
License Fees<br />
<strong>Thomas</strong> <strong>Cook</strong> UK Limited<br />
Reimbursement <strong>of</strong> Expenses<br />
20,051,185 19,148,800<br />
<strong>Thomas</strong> <strong>Cook</strong> UK Limited<br />
Dividend Remitted<br />
23,421,576 11,884,487<br />
TCIM Limited, UK 44,296,875 44,296,875<br />
<strong>Thomas</strong> <strong>Cook</strong> UK Limited<br />
Balances as at <strong>the</strong> year end -<br />
Outstanding Payables<br />
17,004,918 17,004,918<br />
<strong>Thomas</strong> <strong>Cook</strong> UK Limited 30,813,650 11,165,667<br />
(ii) Fellow Subsidiaries<br />
Sale <strong>of</strong> Services*<br />
<strong>Thomas</strong> <strong>Cook</strong> Tour Operations Limited, UK 400,801,192 330,760,671<br />
<strong>Thomas</strong> <strong>Cook</strong> AG, Germany 28,858,138 38,808,025<br />
<strong>Thomas</strong> <strong>Cook</strong>, Nor<strong>the</strong>rn Europe 24,685,596 46,531,161<br />
O<strong>the</strong>rs 28,689,016 29,397,387<br />
483,033,942 445,497,244<br />
Services Availed#<br />
<strong>Thomas</strong> <strong>Cook</strong> Overseas Limited, Egypt<br />
Balances as at <strong>the</strong> year end -<br />
Outstanding Receivables<br />
9,628,098 14,646,111<br />
<strong>Thomas</strong> <strong>Cook</strong> Tour Operations Limited, UK 21,321,790 15,977,178<br />
<strong>Thomas</strong> <strong>Cook</strong> AG, Germany - 6,743,941<br />
<strong>Thomas</strong> <strong>Cook</strong>, Nor<strong>the</strong>rn Europe 3,422,783 13,531,774<br />
<strong>Thomas</strong> <strong>Cook</strong> Signature Limited, UK 4,946,097 4,903,133<br />
29,690,670 41,156,026<br />
Outstanding Payables<br />
<strong>Thomas</strong> <strong>Cook</strong> Overseas Limited, Egypt<br />
*Sale value <strong>of</strong> transactions<br />
#Purchase value <strong>of</strong> transactions<br />
4,718,008 7,090,258<br />
(iii) Key Management Personnel<br />
Remuneration#<br />
Madhavan Menon 19,044,969 16,878,705<br />
Vinayak K. Purohit 16,376,616 15,272,281<br />
Rakshit Desai 28,762,863 25,201,185<br />
R. R. Kenkare 9,710,318 7,161,550<br />
Amitabh Pandey 6,809,988 5,408,647<br />
Dr. Prasanth Nair 7,474,076 5,626,946<br />
88,178,830 75,549,314<br />
(iv)<br />
#Gratuity is contributed for <strong>the</strong> Company as a whole and<br />
hence excluded.<br />
Relative <strong>of</strong> Key Management Personnel<br />
Rent Expense<br />
Lili Menon 1,926,000 1,926,000<br />
Balance as at <strong>the</strong> year end -<br />
Deposit Receivable<br />
Lili Menon 16,500,000 16,500,000<br />
87
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