Page 223 - Annual Report 2019-20

Notes forming part of the consolidated financial statements notes forming part of the consolidated financial statements 221

( in crores)
40 Other Expenses 42 a) Associates and Joint Ventures
For the For the A. (i) Details of Associate
year ended year ended PIDILITE ANNUAL REPORT 2019-20
31 March 31 March Name of Associate Principal Place of Proportion of ownership
st
st
2020 2019 activity incorporation interest/ voting rights
Consumption of Stores and Spares 37.58 29.63 and principal held by the Group
place of As at As at
Clearing, Forwarding and Octroi Duty 297.45 279.61 business 31 March 31 March
st
st
Power and Fuel 63.07 63.06 2020 2019
Contract Labour 75.47 53.72 Vinyl Chemicals (India) Ltd Trading in 40.64% 40.64%
chemicals
Water Charges 4.12 3.37
Rent (refer note 54) 20.35 48.95 ( in crores)
Rates and Taxes 4.80 5.72
(ii) Financial information in respect of Associate
Insurance 10.58 6.01
Particulars For the For the
License Fees 1.12 0.99 year ended year ended
st
st
Repairs : 31 March 31 March
2020 2019
Buildings 9.63 9.55
Machinery 21.27 19.77 Group's share of profit 3.03 3.60
Others 9.32 10.30 Group's share of Other Comprehensive Income - -
40.22 39.62 Group's share of Total Comprehensive Income 3.03 3.60
Directors' Fees 0.44 0.47
Advertisement and Publicity 284.64 229.89 (iii) Reconciliation with carrying amount of investment
Legal, Professional and Consultancy Fees 57.27 46.89 Particulars As at As at
st
st
Communication Expenses 9.84 16.57 31 March 31 March
2020 2019
Printing and Stationery 7.25 8.65
net assets of the Associate excluding dividend adjustment 59.31 57.20
Travelling and Conveyance Expenses 122.13 111.64
Share in accumulated Profits/Reserves (%) 40.64% 40.64%
Bad Debts 3.88 5.01
Provision for Doubtful Debts 8.45 9.78 Share in accumulated Profits/Reserves 24.12 23.25
Processing and Packing Charges 76.80 77.51 Investment in Equity Share Capital 1.18 1.18
Sales Commission 10.34 11.28 Total Investment 25.30 24.43
Payments to Auditor (refer note a) 2.57 2.19
Donations 0.17 0.91 B. (i) Details of Joint Venture
Corporate Social Responsibility Expenses 27.12 24.14 Name of Joint Venture Principal Place of Proportion of ownership
Loss on Fixed Assets Sold/ Discarded (net) - 2.43 activity incorporation interest/ voting rights
and principal held by the Group
net Loss on Foreign Currency Transactions and Translation 4.13 7.96 place of As at As at
Miscellaneous Expenses 218.94 200.51 business 31 March 31 March
st
st
TOTAL 1,388.73 1,286.51 2020 2019
Plus Call Technical Services LLC Flooring, united Arab 40.00% 40.00%
a. Details of Payments to Auditors of Parent and Subsidiaries (net of taxes) (refer note 7B) tiling, painting, Emirates
a) Auditor 2.01 1.75 concrete work
and related
b) Tax Matters 0.21 0.16 contracting
c) Other Services 0.02 0.27 activities ( in crores)
0.33
d)
Reimbursement of Expenses
PIDILITE ANNUAL REPORT 2019-20 41 Exceptional Items year ended year ended (ii) Financial information in respect of Joint Venture year ended year ended
0.01
TOTAL
2.57
2.19
For the
For the
Particulars
For the
For the
st
st
31 March
31 March
2019
2020
31 March
31 March
st
st
-
-
Group's share of profit/ (loss)
2019
2020
-
Impairment in value of Asset held for Sale [refer note 56(i)]
-
Provision for Diminution/ Impairment in value of Investment
-
-
Group's share of Total Comprehensive Income
(including loan given to Joint venture) 55.19 18.02 Group's share of Other Comprehensive Income - -
220 TOTAL 55.19 18.02