annual-report-FY2020

261 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 Particulars 2020 2019 a) Cash flow movements – Proceeds from borrowings..................................................................................................................... 1,312.42 1,048.28 – Repayment of borrowings and lease liabilities.................................................................................... (983.53) (1,420.81) 328.89 (372.53) b) Non-cash movements – On account of adoption of Ind AS 116 [Refer Note 38]..................................................................... 117.42 — – Addition to lease liability during the year........................................................................................... 23.87 — – Effect of amortisation of loan origination costs.................................................................................. 0.57 0.56 – Foreign exchange translation................................................................................................................ 25.79 (15.10) 167.65 (14.54) Closing Balance – Long Term Borrowings.................................................................................................................................... 2,032.03 2,031.78 – Short Term Borrowings (other than loans repayable on demand). ........................................................... 900.00 448.54 – Current maturities of Long term borrowings............................................................................................... 135.92 91.02 – Unclaimed matured Deposits......................................................................................................................... 0.10 0.17 Total Closing Balance ......................................................................................................................................... 3,068.05 2,571.51 17. Other Financial Liabilities Rupees crores Particulars Non-Current Current 2020 2019 2020 2019 Carried at Amortised Cost: Current maturities of long-term borrowings.................................................. — — 135.92 91.02 Interest accrued and not due on borrowings................................................. — — 20.83 20.98 Unclaimed dividends......................................................................................... — — 19.87 19.91 Unclaimed matured deposits and interest accrued thereon......................... — — 0.10 0.17 Security Deposits............................................................................................... 91.94 86.33 — — Other liabilities.................................................................................................. 321.18 295.74 840.41 818.92 Carried at Fair Value: Derivative financial Liabilities.......................................................................... 54.44 47.88 35.72 5.14 Derivatives on Interest in Subsidiaries, Associates and Joint Ventures........ 92.51 21.23 — — Total other financial liabilities ......................................................................... 560.07 451.18 1,052.85 956.14 Other liabilities include salaries and wages payable, capital creditors, brand licenses payable and monies adjusted from share capital and other equity on account of shares held by ESOP Trust pending transfer to the eligible employees. 18. Provisions Rupees crores Particulars Non-Current Current 2020 2019 2020 2019 Provision for Employee Benefits....................................................................... 595.54 710.04 177.99 111.25 Provision for Warranty....................................................................................... 302.03 275.57 312.11 319.98 Provision for Service coupons. .......................................................................... 25.41 31.32 105.46 123.44 Total Provisions .................................................................................................. 922.98 1,016.93 595.56 554.67 Provision for warranty relates to provision made in respect of sale of certain products, the estimated cost of which is accrued at the time of sale. The products are generally covered under a free warranty period ranging from 8 months to 5 years. 16. Borrowings (contd.) Rupees crores