in a Dynamic Environment - Domain-b

7) Unbilled revenue as at March 31, 2009, amounting to Rs. 1481.38 crores (March 31, 2008:Rs. 1352.50 crores) primarilycomprises of the revenue recognised in relation to efforts incurred on turnkey contracts priced on a fixed time, fixed pricebasis.8) A provision of Rs. Nil (GBP Nil) as at March 31, 2009 (March 31, 2008: Rs.3.82 crores (GBP 0.48 million)) has been made torecognise the Company's legal obligation to undertake dilapidations, that existed on the date of inception of the lease.This amount is recoverable from the lessor and a corresponding receivable has been recognised.9) Obligation towards non-cancellable operating leasesOperating lease obligation As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)Not later than one year 346.37 264.07Later than one year but not later than five years 884.94 677.57Later than five years 430.23 352.62Total 1661.54 1294.26The total charge to the Profit and Loss Account for the year ended March 31, 2009 is Rs. 301.42 crores (Previous year :Rs. 248.61 crores).10) Finance Leasea) Company as lessorParticulars As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)i) Total gross investment for the period 2.39 3.23 Not later than one year 0.84 0.84 Later than one year but not later than five years 1.55 2.39 Later than five years - -ii) Present value of Minimum Lease Payments receivable 1.22 1.37 Not later than one year 0.25 0.15 Later than one year but not later than five years 0.97 1.22 Later than five years - -iii) Unearned Finance Income 1.16 1.86b) Company as lesseeFinance lease obligation As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)Minimum Lease payments:Less than one year 11.50 4.15One to five years 30.08 5.93Later than five years 21.92 -Total 63.50 10.08Present Value of minimum lease payments:Less than one year 6.31 4.15One to five years 13.01 4.65Later than five years 17.12 -Total 36.44 8.80The finance lease arrangement is renewable at the option of the lessee.179