annual-report-FY2020

299 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 Consolidated Statement of Profit and Loss | for the year ended 31 st March, 2020 Rupees crores Note No. 2020 2019 INCOME Revenue from operations........................................................................................................................................ 22 95,179.09 1,04,720.68 Other income............................................................................................................................................................ 23 1,062.59 1,085.61 Total Income ...................................................................................................................................................................................... 96,241.68 1,05,806.29 EXPENSES Cost of materials consumed.................................................................................................................................... 24 45,166.73 55,919.29 Purchases of stock-in-trade...................................................................................................................................... 6,566.05 5,961.90 Changes in inventories of finished goods, stock-in-trade and work-in-progress............................................... 25 831.54 (1,730.48) Employee benefits expense..................................................................................................................................... 26 11,211.90 11,242.08 Finance costs............................................................................................................................................................. 27 6,064.65 5,021.35 Depreciation, amortisation and impairment expense.......................................................................................... 4,6 4,976.29 3,990.77 Other expenses......................................................................................................................................................... 28 19,156.18 18,477.93 93,973.34 98,882.84 Less: Amounts capitalised........................................................................................................................................ 317.58 356.55 Total Expenses .......................................................................................................................................................... 93,655.76 98,526.29 Profit Before Exceptional Items and Tax ................................................................................................................ 2,585.92 7,280.00 Exceptional items (net)............................................................................................................................................ 29 (1,973.89) 224.32 Share of profit of associates and joint ventures, (net)......................................................................................... 1,042.58 1,366.52 Profit Before Tax ...................................................................................................................................................... 1,654.61 8,870.84 Tax Expense 11 Current tax...................................................................................................................................................... 2,314.16 2,350.46 Deferred tax.................................................................................................................................................... (338.55) 503.53 Profit/(Loss) for the year ......................................................................................................................................... (321.00) 6,016.85 Other Comprehensive Income/(Loss) A. (i) Items that will not be reclassified to profit or loss (a) Remeasurements of the defined benefit plans........................................................................ (44.52) (176.14) (b) Equity instruments through other comprehensive income..................................................... (165.50) (8.71) (c) Share of other comprehensive loss of equity accounted investees........................................ (12.97) (3.79) (ii) Income tax relating to items that will not be reclassified to profit or loss.................................... 7.03 11.90 B. (i) Items that will be reclassified to profit or loss (a) Exchange differences in translating the financial statements of foreign operations........... (69.10) (147.13) (b) Debt instruments through other comprehensive income........................................................ 8.35 9.76 (c) Effective portion of gains/(losses) on designated portion of hedging instruments in a cash flow hedge.......................................................................................................................... (54.42) 26.73 (d) Share of other comprehensive income of equity accounted investees.................................. 8.15 13.07 (ii) Income tax relating to items that will be reclassified to profit or loss........................................... 49.72 (35.42) Total Other Comprehensive Loss ............................................................................................................................ (273.26) (309.73) Total Comprehensive Income/(Loss) for the year ................................................................................................. (594.26) 5,707.12 Profit/(Loss) for the year attributable to: Owners of the company.......................................................................................................................................... 127.04 5,315.46 Non-controlling interests......................................................................................................................................... (448.04) 701.39 (321.00) 6,016.85 Other Comprehensive loss for the year attributable to: Owners of the company.......................................................................................................................................... (298.16) (273.98) Non-controlling interests......................................................................................................................................... 24.90 (35.75) (273.26) (309.73) Total Comprehensive Income/(Loss) for the year attributable to: Owners of the company.......................................................................................................................................... (171.12) 5,041.48 Non-controlling interests......................................................................................................................................... (423.14) 665.64 (594.26) 5,707.12 Earnings per equity share 30 (Face value Rs. 5/- per share) (Rupees) Basic........................................................................................................................................................................... 1.15 48.91 Diluted....................................................................................................................................................................... 1.04 48.70 The accompanying notes 1 to 44 are an integral part of the Consolidated 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