e Petroleum automation products contributing to the Other Automation Solutions segment; and
¢ Certain banking automation products contributing to the Payment Solutions segment.
Sale of manufactured goods comprises sale of:

e Automation products such as banking currency automation products and retail and colour automation
products contributing to the Banking Automation Solutions and Other Automation Solutions segments,
respectively; and

e ATM and ATM sites contributing to the Banking Automation Solutions segment.
Revenue from services comprises revenue from:
e¢ ATM and management services and iCDs contributing to the Payment Solutions segment;

e AMC services and upgrades, which include maintenance services, upgradation and sale of spares in
respect of automation products supplied under Banking Automation Solutions, Other Automation
Solutions and Payment Solution segments;

e digital payment services, which include revenue received from toll and transit solutions, transaction
switching service and services through POS contributing to the Payment Solutions segment; and

e cash management services contributing to the Payment Solutions segment.

Other Income. Other income primarily includes interest income from security deposits, bank deposits and
insurance claims received.

Expenses

Expenses consists of cost of raw materials and components consumed, purchase of traded goods, increase or
decrease in inventories of finished goods and traded goods, employee benefit expenses and other expenses.

Cost of raw materials and components consumed. Cost of raw materials and components consumed comprises
manufacturing and all other direct costs incurred towards the cost of manufactured goods.

Purchase of traded goods. Purchase of traded goods comprises the cost of certain automation products
purchased from third parties.

Increase or decrease in inventories of finished goods and traded goods. Difference of opening and closing stock
of finished and traded goods.

Employee benefit expenses. Employee benefit expenses include salaries and wages, employee stock option
scheme expense net, contributions to provident and other funds, gratuity expenses and staff welfare expenses.
See “Risk Factors — Internal Risk Factors — Our business and results of operations could be adversely
affected by any disputes with our employees, customers or vendors. Further, we have experienced delays in
making payments to vendors and of salaries, reimbursements and statutory dues to our employees, which may
adversely affect our reputation, cash flows, financial condition and results of operations” on page 36.

Other Expenses. Other expenses primarily include:

Subcontracting expenses;

Transaction expenses;

Power and fuel expenses;

Caretaker and housekeeping expenses;

Repairs and maintenance — plant and machinery;
Legal and professional expenses; and

Cash management expenses.

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