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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ksk Power Ventur Plc | LSE:KSK | London | Ordinary Share | IM00B1G29327 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
13. Related party transactions
Name of the Company Nature of relationship ------------------------------------- ----------------------- K&S Consulting Group Private Limited Group ultimate parent (GUP) Sayi Energy Ventur Limited Parent ------------------------------------- -----------------------
Key management personnel and their relatives (KMP):
Name of the party Nature of relationship -------------------- ----------------------- T L Sankar Chairman S Kishore Executive Director K A Sastry Executive Director S R Iyer Director Vladimir Dlouhy Director Abhay M Nalawade Director Guy D Lafferty* Director Keith N Henry Director K. V. Krishnamurthy Director of parent -------------------- ----------------------- -- Resigned with effect from 05 November 2014
Related party transactions during the period
The following table provides the total amount of transactions that have been entered into with related parties and the outstanding balances at the end of the relevant financial period:
Particulars Consolidated Company ------------------- ---------------------------------------------------------- ----------------------------------------------------- 30 September 2014 30 September 2013 30 September 30 September 2014 2013 ------------------- ---------------------------- -------------------------------- ------------------- Joint Parent/GUP KMP Joint Parent/GUP KMP Subsidiaries Parent/GUP KMP Subsidiaries KMP Venture Venture ------------------- --------- ----------- ---- --------- ----------- ---- ------------- ----------- ---- ------------- ---- Transactions(1,2) Corporate support services fees 53 - - 54 - - - - - - - Interest income 372 - - 1,846 - - - - - - - Interest expense - - - 10 - - - - - - - Sale of material - - - 820 - - - - - - - Capacity charges paid 1,275 - - 403 - - - - - - - Inter-corporate deposits and loans given 15,619 - - 11,967 - - 36,290 - - 5,000 - Inter-corporate deposits and loans refunded (13,766) - - (10,851) - - - - - - - Loan taken - - - 1,176 - - 38,649 - - 78 - Repayment of loan - - - (329) - - - - - - - taken Refund of share application money - 1,502 - - - - - 1,502 - - - Managerial remuneration (3) - - 424 - - 280 - - 246 - 98 --------- ----------- ---- --------- ----------- ---- ------------- ----------- ---- ------------- ---- 30 September 2014 30 September 2013 30 September 30 September 2014 2013 ---------------------------- ---------------------------- -------------------------------- ------------------- Balances (1,2) - - - - Interest - - receivable 3,829 - - 3,695 - - - - - - - - - - - - - Interest payable 9 - - 9 - - - - - - - Loans and inter - corporate deposits - receivable 32,919 1,005 - 26,070 983 166,068 - -` 90,835 - - - - - - - Loans payable - - - 793 - - 37,524 - - 78 - - - - - - - Other receivable 581 - - 26 - - - - - - - - - - - - - Other payable 1,581 - - 378 - - - - - - - Guarantees given 146 - - - - - 468,139 188,883 - - Managerial 87 remuneration - - payable(3) - - 109 - - 73 - - - - 52 ------------------- --------- ----------- ---- --------- ----------- ---- ------------- ----------- ---- ------------- ----
(1) The transactions with related parties are made at terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the period end are unsecured, interest-bearing in case of loans and inter-corporate deposits and non-interest bearing in case of other loans and advances and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the period ended 30 September 2014, the Group has not recorded any impairment of receivables relating to amounts owed by related parties (30 September 2013: US $ Nil). This assessment is undertaken each financial period through examining the financial position of the related party and the market in which the related party operates.
(2) The difference in the movement between the opening outstanding balances, transactions during the period and closing outstanding balances is on account of exchange adjustments and conversion into equity.
(3) Remuneration is net of accrual towards Gratuity, a defined benefit plan, which is managed for the Company as a whole. However, the annual accrual of this liability towards key management personnel is not expected to be significant. There are no other long term benefits and termination benefits which are payable to the key management personnel.
14. Commitments and contingencies
Capital commitments
As at 30 September 2014, the Group is committed to purchase property, plant and equipment for US $ 1,658,940(31 March 2014: US $ 1,589,164). In respect of its interest in joint ventures the Group is committed to incur capital expenditure of US $ 1,120 (31 March 2014: US $ 1,153).
Guarantees
-- The Company has guaranteed the loans and non-fund based facilities availed by subsidiaries to unrelated
parties for US $ 337,258 (31 March 2014: US $ 339,442) and
-- The Group guaranteed the performance of the joint ventures under the power delivery agreements to unrelated parties. No liability is expected to arise.
15. Financial Instruments
Carrying amounts versus fair values
1 Year Ksk Power Ventur Chart |
1 Month Ksk Power Ventur Chart |
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