annual-report-FY2020

265 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 23. Other Income Rupees crores Particulars 2020 2019 (a) Interest Income – On Financial Assets measured at Amortised Cost....................................................................................... 346.66 301.04 – On Financial Assets at Fair Value Through Other Comprehensive Income.............................................. 45.78 64.71 (b) Dividend Income – On equity investments in subsidiaries, associates and JVs......................................................................... 1,007.06 888.99 – Mutual fund at Fair Value through Profit or Loss...................................................................................... 33.21 63.70 (c) Net Gain arising on financial assets/ liabilities measured at Fair Value through profit or loss................ 4.07 203.84 (d) Other non operating income (net of directly attributable expenses)......................................................... 231.03 166.69 Total Other Income ................................................................................................................................................... 1,667.81 1,688.97 24. Cost of materials consumed Rupees crores Particulars 2020 2019 Opening inventory.................................................................................................................................................... 1,141.97 967.07 Add: Purchases........................................................................................................................................................... 22,841.52 27,269.97 23,983.49 28,237.04 Less: Closing inventory.............................................................................................................................................. 1,109.75 1,141.97 Total Cost of materials consumed ........................................................................................................................... 22,873.74 27,095.07 25. Changes in inventories of finished goods, stock-in-trade and work-in-progress Rupees crores Particulars 2020 2019 Opening inventories: Finished goods........................................................................................................................................................... 1,670.61 1,013.63 Work-in-progress....................................................................................................................................................... 126.35 93.37 Stock-in-trade............................................................................................................................................................ 629.18 381.80 Manufactured Components...................................................................................................................................... 146.59 133.74 2,572.73 1,622.54 Less: Closing inventories: Finished goods........................................................................................................................................................... 1,379.46 1,670.61 Work-in-progress....................................................................................................................................................... 126.81 126.35 Stock-in-trade............................................................................................................................................................ 551.25 629.18 Manufactured Components...................................................................................................................................... 105.72 146.59 2,163.24 2,572.73 Net (increase)/decrease in inventories .................................................................................................................... 409.49 (950.19) 26. Employee Benefits Expense Rupees crores Particulars 2020 2019 (a) Salaries and wages, including bonus.............................................................................................................. 2,357.32 2,439.46 (b) Contribution to provident and other funds................................................................................................... 220.72 215.90 (c) Share based payment to employees............................................................................................................... 114.50 89.20 (d) Staff welfare expenses..................................................................................................................................... 187.54 235.66 Total Employee Benefits Expense ............................................................................................................................ 2,880.08 2,980.22