annual-report-FY2020

236 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Rupees crores Note No. 2020 2019 I. ASSETS NON-CURRENT ASSETS Property, plant and equipment.......................................................................................................... 4 7,980.76 7,614.71 Capital work-in-progress..................................................................................................................... 1,196.68 706.77 Intangible assets.................................................................................................................................. 5 2,413.83 2,467.04 Intangible assets under development............................................................................................... 2,812.78 1,713.02 Financial assets (i) Investments................................................................................................................................. 6 17,748.48 19,032.07 (ii) Loans........................................................................................................................................... 7 138.86 37.55 (iii) Other financial assets................................................................................................................. 8 486.38 494.18 Income tax assets (net)....................................................................................................................... 929.28 827.56 Other non-current assets.................................................................................................................... 9 1,653.52 1,733.10 35,360.57 34,626.00 CURRENT ASSETS Inventories........................................................................................................................................... 10 3,400.91 3,839.27 Financial assets (i) Investments................................................................................................................................. 6 2,189.65 2,983.96 (ii) Trade receivables........................................................................................................................ 11 2,998.98 3,946.30 (iii) Cash and cash equivalents......................................................................................................... 12 2,323.51 2,237.58 (iv) Bank balances other than cash and cash equivalents............................................................. 12 1,913.00 1,494.08 (v) Loans........................................................................................................................................... 7 512.02 673.40 (vi) Other financial assets................................................................................................................. 8 506.41 556.22 Other current assets............................................................................................................................ 9 1,297.01 2,321.84 Assets held for sale............................................................................................................................. 13 — 18.41 15,141.49 18,071.06 TOTAL ASSETS ..................................................................................................................................... 50,502.06 52,697.06 II. EQUITY AND LIABILITIES EQUITY Equity share capital............................................................................................................................. 14 596.52 595.80 Other equity........................................................................................................................................ 15 33,871.32 33,613.43 34,467.84 34,209.23 LIABILITIES NON-CURRENT LIABILITIES Financial liabilities (i) Borrowings.................................................................................................................................. 16 2,032.03 2,031.78 (ii) Other financial liabilities........................................................................................................... 17 560.07 451.18 Provisions............................................................................................................................................. 18 922.98 1,016.93 Deferred tax liabilities (net)............................................................................................................... 19 1,408.17 634.13 Other non-current liabilities............................................................................................................... 20 138.15 153.74 5,061.40 4,287.76 CURRENT LIABILITIES Financial liabilities (i) Borrowings.................................................................................................................................. 16 900.00 448.54 (ii) Trade payables (a) Total outstanding dues of Micro Enterprises and Small Enterprises............................ 21 102.11 118.98 (b) Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises............................................................................................................................ 21 6,683.72 9,559.17 (iii) Other financial liabilities........................................................................................................... 17 1,052.85 956.14 Other current liabilities....................................................................................................................... 20 1,422.22 2,362.57 Provisions............................................................................................................................................. 18 595.56 554.67 Current tax liabilities (net)................................................................................................................. 216.36 200.00 10,972.82 14,200.07 TOTAL EQUITY AND LIABILITIES ........................................................................................................ 50,502.06 52,697.06 The accompanying notes 1 to 41 are an integral part of the Financial Statements Balance Sheet | as at 31 st March 2020 Nadir B. Godrej M. M. Murugappan Dr. Vishakha N. Desai Vikram Singh Mehta T. N. Manoharan Vijay Kumar Sharma Haigreve Khaitan Shikha Sharma CP Gurnani } Directors In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No : 101248W/W-100022 Jamil Khatri Partner Membership No : 102527 Mumbai, 12 th June, 2020 Anand G. Mahindra Executive Chairman Dr. Pawan Goenka Managing Director and CEO Dr. Anish Shah Deputy Managing Director and Group CFO Rajesh Jejurikar Executive Director (Auto and Farm Sectors) Narayan Shankar Company Secretary Mumbai, 12 th June, 2020