annual-report-FY2020

334 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Reconciliation of revenue recognised in the statement of Profit and Loss with contracted price Rupees crores Particulars 2020 2019 Revenue from contract with customer as per the contract price......................................................................... 85,110.02 95,808.08 Adjustments made to contract price – Trade discounts, volume rebates, return etc.................................................................................................. (3,287.56) (3,172.61) – Deferment of revenue...................................................................................................................................... (468.53) (228.44) – Recognition of revenue out of opening balance of contract liability......................................................... 1,405.52 1,259.30 Revenue from contract with customer as per the statement of Profit and Loss ............................................... 82,759.45 93,666.33 Revenue disaggregation as per nature of products and geography has been included in segment information. (Refer note no. 38) 23. Other Income Rupees crores Particulars 2020 2019 Interest Income – On financial assets carried at amortised cost...................................................................................................... 420.99 359.47 – On financial assets carried at FVTOCI................................................................................................................... 45.78 64.71 Dividend income – Mutual funds.......................................................................................................................................................... 63.61 85.69 Net gains / (losses) on financial instruments.......................................................................................................... 296.49 408.88 Profit on sale of property, plant and equipment and intangible assets.............................................................. 91.22 11.14 Other non-operating income (net of directly attributable expenses).................................................................. 144.50 155.72 Total ............................................................................................................................................................................ 1,062.59 1,085.61 24. Cost of Materials Consumed Rupees crores Particulars 2020 2019 Opening inventory.................................................................................................................................................... 4,070.78 3,432.83 Add: Purchases........................................................................................................................................................... 44,859.29 56,526.69 48,930.07 59,959.52 Less: Closing Inventory.............................................................................................................................................. 3,863.48 4,070.78 Foreign currency translation difference.................................................................................................................. 100.14 30.55 Total ............................................................................................................................................................................ 45,166.73 55,919.29 22. Revenue from Operations (contd.)