File_2012_Document1

206 Jindal Steel & Power LimitedBusiness Leadership Sustainable Operations Excellent Governance Robust FinancialsAnnual Report 2011-12207ConsolidatedNOTES to the consolidated financial statements as at and for the year ended 31st March, 2012 NOTES to the consolidated financial statements as at and for the year ended 31st March, 2012B. Transactions with Related PartiesDescriptionAssociates and JointventuresCurrentYearPreviousYearKey ManagementPersonnelCurrentYearPreviousYear(` in Crore)Enterprises controlledby Key Managementpersonnel and theirrelativesCurrentYearPreviousYearPurchase of Goods/Services 396.83 128.85 - - 37.50 23.33Sales of Goods (including capitalgoods)363.03 251.64 - - 1,072.01 954.52Rendering Of Services - - - - 2.89 3.30Investment in Equity Shares duringthe yearAdvance against share Applicationmoney0.00 0.69 - - - -19.39 18.06 - - - -Other Advances given/(taken) 47.82 - 0.89 0.31 (18.42) 27.73Security Deposit Given - - - - 50.00 -Rent and other expenses Paid - - - 0.02 0.09 -Interest received/(paid) 0.47 0.11 - - 39.38 29.30Dividend received/(paid) - - - - - -Remuneration* - - 87.69 85.75 - -Lease rent received - - - - 3.00 3.00Hire charges paid - - - - 27.29 22.09Guarantees/Corporate guaranteesobtained/(given)Inter-corporate deposits Repaid/Adjusted- (7.33) - - - -- - - - (33.04) -Inter-corporate deposits given (7.66) 0.57 - - 8.64 -Outstanding Balance at the year endInvestment in Equity Shares 3.40 3.40 - - - -Guarantees Outstanding 79.08 79.08 - - 16.66 16.66Advance from customer & Others - - - - - 0.44Loans and Advances (including56.95 1.58 0.82 0.24 487.39 461.23Interest)Advance against Share Application 42.45 23.06 - - - -moneyDebtors – Dr. Balance 0.73 52.21 - - 119.22 28.98Creditors – Dr. Balance 8.39 - - - 7.04 23.22Cr. Balance 4.43 - - - 2.25 0.68*Remuneration to Key Management Personnel does not include sitting fees paid during the year of ` 0.08 crore (Previousyear ` 0.06 crore) and includes paid to relative of Key management personnel ` 0.24 crore (previous year ` 0.18 crore).Disclosure in respect of Material Related party transactions during the year1 Material transactions with Associates(` in Crore)Name of Related Party Nalwa Steel &Power LimitedRelationship Year AssociatePurchase of Goods/Services 2011-12 396.832010-11 128.85Sale of Goods 2011-12 361.912010-11 251.64Rendering of services 2011-12 -2010-11 -Investment of Equity 2011-12 -2010-11Investment in Preference Shares 2011-12 -2010-11 -Advance against share application money 2011-12 -2010-11Other advances given 2011-12 47.502010-11 -Interest received 2011-12 -2010-11Interest paid 2011-12 -2010-11Dividend Received 2011-12 -2010-11Corporate guarantee/Guarantee obtained/(given) 2011-12 -2010-11 -Inter-corporate deposits given 2010-11 -2010-11Inter-corporate deposits repaid/adjusted 2011-12 -2010-11 -Inter-corporate deposits written off 2011-12 -2010-11 -Inter-corporate deposits taken 2011-12 -2010-11Inter-corporate deposits refunded 2011-12 -2010-11