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(All Figures in Rs. ‘000)‘O’ Notes (Contd.)10. 10.1 The Company has taken various residential / commercial premises under cancellable operating lease. Leases range for periodsbetween 3 to 5 years. Terms of the lease include operating term for renewal, increase in rent for future periods, terms ofcancellation etc. The operating lease payments for the year amount to 11,811 ( Previous Year 12,063 ).10.2 The Company has given various Plant and Machinery (namely Diesel Generating Sets, Machines etc.) under cancellable operatingleases. Leases range for periods between 6 months to 3 years. Terms of lease include terms for renewal, cancellation etc. InitialDirect costs (commissioning, installation etc.) for such assets are borne by the lessee, other than transportation cost, which isborne by the Company and charged off to revenue. Lease rentals recognised as income during the year 130,528 (Previous Year101,795). Other details for such Plant and Machinery are as below.Gross value Accumulated Depreciation DepreciationAs at31.03.2009Schedulesforming part of the Accounts for the year ended 31st March, 2009As at31.03.2008As at31.03.2009As at31.03.2008Year Ended31.03.200911. There are no outstanding dues for micro and small enterprises based on information available with the Company.12. Technical Know-how [ shown under Intangible Assets - Schedule ‘E’ ] represents technical drawings, designs etc. relating to manufactureof the Company’s products and acquired pursuant to various agreements conferring the right to manufacture and usage only.13. The Company has entered into certain long-term composite maintenance contracts with a party which entails, inter alia, supply of spareparts. The billing/payment schedule is time phased. Pending supply of spare parts, related amount of 9,519 (Previous Year 58,231)billed during the year as per the payment schedule of the aforesaid contract, has been considered as liability and the related sales willbe recognised on supply of spares, as and when required, under the said contracts, in future in keeping with the accounting policiesset out in Note 2.1 above. During the year an amount of 11,629 has been released from the accumulated liabillites in this regard on aprudent basis and adjusted against related contractual dues.14. 14.1 Sales-others [Note 23.2(g) on Schedule ‘O’] include Service Income 161,467 (Previous Year 119,272).14.2 Excise Duty is net of 15,185 (Previous Year 31,488) on account of accrued duty benefit for the year pertaining to Export/DeemedExports.Year Ended31.03.2009Year Ended31.03.2008442,511 361,874 106,939 81,629 55,371 43,571Year Ended31.03.200815. Purchases for the year includes :a) Marine Insurance Charges 2,292 1,544b) Raw materials purchased 1,570,552 1,453,799Excludes :Items being recoverable other than through Sales 89,695 108,50716. 16.1 Miscellaneous expenses include, expenses/charge on account :a) Discounting Charges 5,593 -b) Loss/(Gain) on Foreign Exchange (net) (Other than Raw MaterialPurchases)36,635 (15,204)16.2 Professional fees include :Amount paid /payable to Auditors as AuditorsAudit Fees 1,250 1,000Tax Audit Fees 300 275Limited Reviews 750 600Fees for Certificates etc. 325 457Expenses reimbursed * 30 53* Excluding Service Tax 125 (Previous Year 269)17. As indicated in Note 2.5 above, the Company on a prudent basis has changed its policy of amortising Loose Tools with effect from 1stSeptember,2008. Had the Company followed the earlier policy of amortising Loose Tools over a period of 5 years, the profit before taxfor the year would have been higher by 8,189.