PGHH_AR_2020

Notes to Financial Statements for the year ended June 30, 2020 Annual Report 2019-20 127 Company Overview Board's Report MD&A CG Report Financial Statement Procter & Gamble Hygiene and Health Care Limited (f) Other transactions with key management personnel ` in lakhs Year ended June 30, 2020 Year ended June 30, 2019 Loan given ---- ---- Loan realised ---- ---- Note: 1 Disclosure required under section 186(4) of the Companies Act, 2013 for Loans given:- ` in lakhs Sr. No Name Relations Amount given during the year ended June 30, 2020 Amount given during the year ended June 30, 2019 Inter corporate loans 1 Procter & Gamble Home Products Private Limited Fellow Subsidiary 9 000 9 000 Above inter corporate loans have been given for general business purposes for meeting their working capital requirements. 33 Leasing arrangements The Company has taken on lease certain guesthouses, office premises and warehouses with an option of renewal at the end of the lease term and escalation clause in some of the cases. These leases can be terminated with a prior notice as per terms and conditions of the respective lease agreements. Further, in the previous year the Company had entered into certain processing arrangements which fell under the Appendix C to the erstwhile IND AS 17 “Determining whether an arrangement contains a lease” and the payments for the lease were bifurcated from payments for other elements in the arrangement. The said leases and processing arrangements (renewed on modified terms w.e.f. July 1, 2019) have been assessed as not falling under the new standard IND AS 116 “Leases” which was made applicable effective July 1, 2019. The processing arrangement cost is disclosed under processing charges and the cost for the other leases viz. for guesthouses, office premises and warehouses continue to be disclosed under rent expense. 34 Commitments As at June 30, 2020 As at June 30, 2019 ` in lakhs ` in lakhs Estimated amount of contracts remaining to be executed on capital account and not provided for 111 65 111 65