annual-report-FY2020

237 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 Statement of Profit and Loss | for the year ended 31 st March 2020 Rupees crores Note No. 2020 2019 INCOME Revenue from operations................................................................................................................... 22 45,487.78 53,614.00 Other income....................................................................................................................................... 23 1,667.81 1,688.97 Total income ........................................................................................................................................ 47,155.59 55,302.97 EXPENSES Cost of materials consumed............................................................................................................... 24 22,873.74 27,095.07 Purchases of stock-in-trade................................................................................................................. 8,349.36 12,111.61 Changes in inventories of finished goods, stock-in-trade and work-in-progress.......................... 25 409.49 (950.19) Employee benefits expense................................................................................................................ 26 2,880.08 2,980.22 Finance costs........................................................................................................................................ 27 113.23 113.39 Depreciation, amortisation and impairment expense..................................................................... 28 2,222.63 1,860.40 Other expenses.................................................................................................................................... 29 5,384.59 5,867.23 42,233.12 49,077.73 Less: Amounts capitalised................................................................................................................... 207.54 129.50 Total expenses 42,025.58 48,948.23 Profit before exceptional items and tax ........................................................................................... 5,130.01 6,354.74 Exceptional items (net)....................................................................................................................... 30 (2,013.98) (29.73) Profit before tax .................................................................................................................................. 3,116.03 6,325.01 Tax expense Current tax.................................................................................................................................. 19 996.98 1,179.12 Deferred tax................................................................................................................................ 19 788.50 349.85 Profit for the year ............................................................................................................................... 1,330.55 4,796.04 Other comprehensive income/(loss) A. (i) Items that will not be reclassified to profit or loss (a) Remeasurements of the defined benefit plans....................................................... (11.18) (13.60) (b) Equity instruments through other comprehensive income.................................... (0.78) (0.73) (ii) Income tax relating to items that will not be reclassified to profit or loss. ................ 3.25 4.75 B. (i) Items that will be reclassified to profit or loss (a) Debt instruments through other comprehensive income...................................... 0.68 1.88 (b) Effective portion of gains and losses on designated portion of hedging instruments in a cash flow hedge............................................................................ (35.28) 31.84 (ii) Income tax relating to items that will be reclassified to profit or loss......................... 11.21 (11.79) Total other comprehensive (loss)/income ......................................................................................... (32.10) 12.35 Total comprehensive income for the year ........................................................................................ 1,298.45 4,808.39 Earnings per equity share: (Face value Rs. 5/- per share) (Rupees) Basic...................................................................................................................................................... 31 11.16 40.29 Diluted.................................................................................................................................................. 31 11.12 40.13 The accompanying notes 1 to 41 are an integral part of the Financial Statements 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