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(All Figures in Rs. ‘000)‘O’ Notes (Contd.)16. As indicated in Note 17 on Schedule ‘O’ of TIL Limited’s accounts for the year ended 31st March, 2009, the Parent Company on a prudentbasis has changed its policy of amortising Loose Tools with effect from 1st September, 2008. Had the Parent Company followed the earlierpolicy of amortising Loose Tools over a period of 5 years, the profit before tax for the year would have been higher by 8,189. Refer Note 2.5on Schedule ‘O’ of TIL Limited.17. In March 2009, the Board of Directors of the Parent Company, approved in principle a proposal to restructure the ‘Caterpillar’ business(primarily comprising of the Construction and Mining Solutions and Power Systems Solutions Segments referred to in Note 20 on Schedule‘O’ of TIL Limited) by transferring it to a wholly owned subsidiary. A detailed formal plan in this regard is yet to be worked out.18. Related Party Disclosure in keeping with Accounting Standard 18 on “Related Party Disclosures”.a) List of Related PartiesKey Management PersonnelSchedulesforming part of the Consolidated AccountsMr. A. Mazumdar (Chairman and Whole time Director-TIL Limited)Mr. S. Mazumder (Vice Chairman and Managing Director-TIL Limited)b) Particulars of transactions during the year ended 31st March, 2009092Particulars Year Ended 31.03.2009 Year Ended 31.03.2008Key Management Personnela) RemunerationMr. A. Mazumdar 17,825 15,864Mr. S. Mazumder 17,380 15,699b) Year end BalanceCommission PayableMr. A. Mazumdar 10,804 8,991Mr. S. Mazumder 10,884 9,97119. Previous year’s figures have been rearranged / regrouped wherever necessary.093Financial Statements (Consolidated)Signatures to Schedules ‘A’ to ‘O’A. Mazumdar Sumit Mazumder Debashis NagChairman Vice Chairman & Managing Director Company Secretary