Investor Presentaiton
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023
Nature of Transaction
KMP
Close member of
the KMP
Year Ended
31.03.2023
Year Ended
31.03.2023
Companies in which
Directors are interested
Year Ended 31.03.2023.
(Crores)
Other Related
Parties
Year Ended
31.03.2023
208
Outstanding as at Year End
X.
Other Receivables
xi.
Trade Payables
xii. Commission Payable
38.28
(30.57)
xiii. Contribution payable to Retirement Benefit fund/Others
(Figures in brackets are in respect of Previous year)
(c)
Terms and conditions of transactions with related parties;
1.78
(26.55)
0.04
(0.04)
29.34
(16.44)
40.61
(13.43)
The transactions with 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. For the year ended 31st March 2023, the Group has not recorded any impairment of receivables relating to amounts owed
by related parties (Previous year: Nil). 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.View entire presentation