Gillette_India_Limited_AR_20

Annual Report 2019-20 124 Notes to Financial Statements for the year ended June 30, 2020 Gillette India Limited ` in lakhs S. No. Nature of Transactions For the year ended June 30 Ultimate Holding & Holding Company Fellow Subsidiary Companies Key Managerial Personnel 14 Processing Charges 2020 — — — 2019 — 514 — 15 Royalty 2020 — 1 237 — 2019 — 1 420 — 16 Computer Expenses 2020 — 571 — 2019 — 249 — 17 Rent expenses 2020 — 429 — 2019 — 493 — 18 Dividend Remitted/Paid 2020 3 268 2 841 — 2019 5 491 4 773 — 19 Managerial Remuneration 2020 — — 425 2019 — — 429 20 Outstanding as at June 30 th Loans 2020 — — — 2019 — — 19 Trade and other receivables 2020 — 7 630 — 2019 — 12 028 — Trade payables 2020 558 13 207 — 2019 1 457 10 461 — The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. The Company has not recorded any impairment of receivables relating to amounts owed by related parties in the current year or prior years. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. (d) Disclosure in respect of material transactions of the same type with related parties during the year: ` in lakhs S. No. Nature of Transactions Year ended June 30, 2020 Year ended June 30, 2019 1 Purchase of Goods Procter & Gamble International Operations SA Singapore Br Others 26 963 10 899 34 923 7 238 2 Purchase of Equipment/Assets/Spares The Procter & Gamble Distributing LLC Others 1 742 — 3 646 — 3 Purchase of Duty Scripts Gillette Diversified Operations Pvt. Ltd 448 —