annual-report-FY2020

317 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 4. Property, Plant and Equipment a) Owned assets Rupees crores Particulars Land - Freehold Land - Leasehold Buildings - Freehold Buildings - Leasehold Plant and Equipment - Freehold Plant and Equipment - Leasehold Furniture and Fixtures Vehicles Aircraft Office Equipments Batteries Total COST Balance as at 1 st April, 2018............ 3,924.76 359.95 8,779.34 62.19 32,478.13 234.62 1,059.49 684.40 103.45 372.45 19.87 48,078.65 Additions ........................................... 43.33 — 252.96 7.29 3,682.32 58.97 85.66 173.29 — 37.32 — 4,341.14 Foreign exchange translation differences ......................................... (22.70) — (38.33) 1.18 (120.01) (6.39) (1.12) (0.86) — (0.33) — (188.56) Disposals ............................................ (10.26) (0.09) (18.63) (9.11) (518.98) (46.70) (65.11) (113.74) — (25.85) (2.45) (810.92) Balance as at 31 st March, 2019........ 3,935.13 359.86 8,975.34 61.55 35,521.46 240.50 1,078.92 743.09 103.45 383.59 17.42 51,420.31 Balance as at 1 st April, 2019............ 3,935.13 359.86 8,975.34 61.55 35,521.46 240.50 1,078.92 743.09 103.45 383.59 17.42 51,420.31 Additions ........................................... 62.67 — 273.25 10.95 3,027.16 — 91.53 234.28 — 36.73 — 3,736.57 Acquisitions through business combinations ..................................... — — — — 0.15 — 0.09 10.40 — 0.08 — 10.72 Foreign exchange translation differences ......................................... 78.39 — 130.31 1.85 356.90 — 10.36 0.29 — 0.94 — 579.04 Disposals ............................................ (90.90) — (37.31) (2.42) (389.96) — (17.39) (125.86) — (11.35) (3.00) (678.19) Derecognition on disposal of subsidiaries ........................................ (27.75) — (8.21) — (318.92) — (0.43) (2.43) — — — (357.74) Reclassified on account of adoption of Ind AS 116 (Refer Note No 42) ..... — (359.86) — — — (240.50) (14.50) — — (7.55) — (622.41) Balance as at 31 st March, 2020........ 3,957.54 — 9,333.38 71.93 38,196.79 — 1,148.58 859.77 103.45 402.44 14.42 54,088.30 ACCUMULATED DEPRECIATION AND IMPAIRMENT Balance as at 1 st April, 2018............ — 32.85 4,047.41 38.63 21,645.89 93.15 721.78 363.38 31.43 275.72 7.92 27,258.16 Depreciation expense for the year ... — 3.64 233.61 4.07 2,175.02 44.51 97.77 107.92 4.81 37.25 2.47 2,711.07 Foreign exchange translation differences ......................................... — — (14.01) 0.27 (77.76) — (1.09) (0.36) — — — (92.95) Disposals ............................................ — — (5.44) (7.90) (454.92) (42.21) (62.82) (85.84) — (22.75) (1.95) (683.83) Impairment losses recognised in the statement of profit and loss ............ — — — 0.24 0.22 — 0.15 — — 0.08 — 0.69 Balance as at 31 st March, 2019........ — 36.49 4,261.57 35.31 23,288.45 95.45 755.79 385.10 36.24 290.30 8.44 29,193.14 Balance as at 1 st April, 2019............ — 36.49 4,261.57 35.31 23,288.45 95.45 755.79 385.10 36.24 290.30 8.44 29,193.14 Depreciation expense for the year .... — — 237.71 5.48 2,438.35 — 91.23 126.26 4.81 37.14 1.96 2,942.94 Foreign exchange translation differences ......................................... 5.54 — 87.38 0.74 343.49 — 9.37 0.35 — 0.93 — 447.80 Disposals ............................................ — — (19.39) (2.16) (366.50) — (13.83) (85.86) — (10.71) (2.22) (500.67) Derecognition on disposal of subsidaries ......................................... — — (1.53) — (56.82) — (0.15) (1.45) — (0.07) — (60.02) Impairment losses recognised in the statement of profit and loss* .......... 79.90 — 152.98 0.22 485.35 — 20.45 0.80 19.93 0.05 — 759.68 Reclassified on account of adoption of Ind AS 116 (Refer Note No 42) ..... — (36.49) — — — (95.45) (4.08) — — (5.72) — (141.74) Balance as at 31 st March, 2020........ 85.44 — 4,718.72 39.59 26,132.32 — 858.78 425.20 60.98 311.92 8.18 32,641.13 NET CARRYING AMOUNT Net carrying amount as at 31 st  March, 2019 ................................ 3,935.13 323.37 4,713.77 26.24 12,233.01 145.05 323.13 357.99 67.21 93.29 8.98 22,227.17 Net carrying amount as at 31 st  March, 2020................................ 3,872.10 — 4,614.66 32.34 12,064.47 — 289.80 434.57 42.47 90.52 6.24 21,447.17 * Out of impairment losses recognised in the statement of profit and loss, Rs. 739.28 crores and Rs. 19.93 crores has been recognised in exceptional items and depreciation and amortisation expense respectively