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Schedulesforming part of the Consolidated Accounts090(All Figures in Rs. ‘000)‘O’ Notes (Contd.)10. Technical Know-how [shown under Intangible Assets - Schedule ‘E’] represents technical drawings, designs etc. relating tomanufacture of the Parent Company’s products and acquired pursuant to various agreements conferring the right to manufactureand usage only.11. The Parent Company has entered into certain long-term composite maintenance contracts with a party which entails, inter alia, supplyof spare parts. The billing / payment schedule is time phased. Pending supply of spare parts, related amount of 9,519 (Previous Year58,231) billed during the year as per the payment schedule of the aforesaid contract, has been considered as liability and the relatedsales will be recognised on supply of spares, as and when required,under the said contracts in future, in keeping with the accountingpolicies set out in Note 2.1 of Parent Company. During the year an amount of 11,629 has been released from the accumulated liabillitesin this regard on a prudent basis and adjusted against related contractual dues.12. The Group has given various Plant and Machinery (namely Diesel Generating Sets, Cranes, Machines etc.) under cancellable operatingleases. Leases range for periods between 6 months to 3 years. Terms of lease include terms for renewal, cancellation etc. Initial Directcosts (commissioning, installation etc.) for such assets are borne by the lessee, other than transportation cost, which is borne by thecompany and charged off to revenue. Lease rentals recognised as income during the year 152,371 (Previous Year 101,795). Other detailsfor such Plant and Machinery are as below.Gross value Accumulated Depreciation DepreciationAs atAs atAs atAs atYear EndedYear Ended31.03.2009 31.03.200831.03.2009 31.03.200831.03.200931.03.2008568,207 446,776 158,582 114,122 69,179 49,58913. The group has taken various residential / commercial premises under cancellable operating lease. Leases range for periods between3 to 5 years. Terms of the lease include operating term for renewal, increase in rent for future periods, terms of cancellation etc. Theoperating lease payments for the year amount to 21,842 (previous year 19,597).14. 14.1 The Parent Company had allotted on 28th December, 2007,on a preferential basis, to the Indian Promoter Group and certainother companies / entities / persons (hereinafter referred to as Select Group), 2,993,842 Convertible Equity Warrants againstreceipt of 10% of the consideration of Rs. 326/- per Warrant, determined in keeping with the related Securities and ExchangeBoard of India (SEBI) Guidelines. Each Warrant is convertible into one equity Share of nominal value of Rs. 10/- each at a price ofRs. 326/- per share in lots at the option of the warrant holders within eighteen months from the date of allotment in accordancewith relevant SEBI Guidelines and the terms of the issue upon payment of balance consideration by the warrant holders; suchshares would rank pari passu in all respect with the existing Equity Shares.Out of the said 2,993,842 convertible Equity Warrants, the Parent Company upon realisation of balance consideration and exerciseof conversion option by certain warrant holders (out of the Indian Promoter Group), issued and allotted during March, 2008,300,135 nos of Equity Shares of Rs. 10/- each at a premium of Rs. 316/- per share against conversion of equivalent number ofEquity Warrants.14.2 Balance of Proceeds received upon allotment of Equity Share Warrants and Equity Shares during previous year have been utilisedduring the year, as given below :Capital Expenditure on expansion projects :-Balance lying in the Cash Credit Account as on 01.04.2008 95,652Utilised in the current year 95,652Balance lying in the Cash Credit Account to be utilised in 2009-10 -15. Information given in accordance with the requirements of Accounting Standard 17 on “Segment Reporting”The Group’s business segments are organised on product lines as follows:- Material Handling Solution (MHS)- engaged in manufacturing and marketing of various Material Handling Equipment namelyMobile Cranes, Port Equipment (Reach stacker, Level Luffing Cranes), Self Loading Truck Cranes etc. It also deals in spares for theabove equipment and servicing the equipment.- Power System Solutions (PSS) - engaged in assembly, supply, erection and commissioning of Diesel Generating Sets based onCaterpillar Inc. engines. It also deals in spares and servicing the generating sets mainly in Eastern & Northern India.- Construction Mining Solutions (CMS) - engaged as a dealer for Caterpillar Inc. USA for their products like Excavators, Dumpers,Dozers, Motor Graders etc. mainly in Eastern & Northern India, Bhutan, Nepal and Myanmar. It also deals in spares and servicesfor the above equipment sold in the above areas.Others represents all unallocated expenditure and includes expenses incurred on common services provided to the segmentswhich are not directly identifiable to the individual segments as well as expenses incurred at the corporate level which relate to thecompany as a whole.091Financial Statements (Consolidated)