annual-report-FY2020

333 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 22. Revenue from Operations Rupees crores Particulars 2020 2019 Sale of products......................................................................................................................................................... 74,177.53 85,631.26 Sale of services........................................................................................................................................................... 7,448.84 6,848.71 Interest income of financial services business........................................................................................................ 11,525.88 9,962.80 Income from long term contracts............................................................................................................................ 612.26 572.46 Gross revenue from sale of products and services................................................................................................. 93,764.51 103,015.23 Other operating revenue – Government grant and incentives........................................................................................................................ 252.90 354.62 – Scrap sales............................................................................................................................................................... 189.00 255.02 – Others...................................................................................................................................................................... 972.68 1,095.81 Total ............................................................................................................................................................................ 95,179.09 104,720.68 Revenue from operations comprises of : Rupees crores Particulars 2020 2019 (a) From contract with customers (as defined under Ind AS 115) Sale of products................................................................................................................................................ 74,177.53 85,631.26 Sale of services.................................................................................................................................................. 7,448.84 6,848.71 Income from long term contracts................................................................................................................... 612.26 572.46 Other operating revenue................................................................................................................................. 520.82 613.90 82,759.45 93,666.33 (b) From financial services Interest income of financial services business................................................................................................ 11,525.88 9,962.80 11,525.88 9,962.80 (c) Others Other operating revenue................................................................................................................................. 893.76 1,091.55 893.76 1,091.55 The Group undertakes periodic revalidations in the estimate of variable consideration on account of various economic factors. The amount of revenue recognised from performance obligations satisfied (or partially satisfied) in previous periods is aggregating to Rs. 129.30 crores (2019: Rs. 78.09 crores). The following table includes revenue expected to be recognised in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the reporting date: Rupees crores Particulars 2020 2019 Time Band Less than 1 year......................................................................................................................................................... 1,682.58 1,413.23 Greater than 1 year but less than 5 year................................................................................................................ 2,747.26 2,365.09 Greater than 5 year.................................................................................................................................................. 3,541.60 3,435.95 Total ............................................................................................................................................................................ 7,971.44 7,214.27 The Group applies the practical expedient of Ind AS 115 and does not disclose information about remaining performance obligations that have original expected duration of one year or less. Revenue disclosed above does not include estimated amount of variable consideration that are constrained.