annual-report-FY2020

335 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 25. Changes In Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade Rupees crores Particulars 2020 2019 Inventories at the beginning of the year: Finished goods produced................................................................................................................................. 4,042.95 2,627.75 Work-in-progress............................................................................................................................................... 513.87 569.92 Stock-in-trade.................................................................................................................................................... 1,343.37 1,014.62 Manufactured Components............................................................................................................................. 166.00 159.15 6,066.19 4,371.44 Less: Stock on disposal of subsidiary Stock-in-trade ................................................................................................................................................... (40.66) — (40.66) — Less: Inventories at the end of the year: Finished goods produced................................................................................................................................. 3,468.99 4,042.95 Work-in-progress............................................................................................................................................... 484.04 513.87 Stock-in-trade.................................................................................................................................................... 1,223.23 1,343.37 Manufactured Components............................................................................................................................. 130.33 166.00 5,306.59 6,066.19 Foreign currency translation difference.................................................................................................................. 112.60 (35.73) Net (increase)/decrease in inventories .................................................................................................................... 831.54 (1,730.48) 26. Employee Benefits Expense Rupees crores Particulars 2020 2019 Salaries and wages, including bonus....................................................................................................................... 9,177.39 9,244.80 Contribution to provident and other funds........................................................................................................... 857.45 777.96 Share based payment expenses............................................................................................................................... 204.05 143.04 Staff welfare expenses.............................................................................................................................................. 973.01 1,076.28 Total ............................................................................................................................................................................ 11,211.90 11,242.08 27. Finance Cost Rupees crores Particulars 2020 2019 Interest expense on Financial liabilities at amortised cost.................................................................................... 5,800.92 4,908.10 Interest on lease liability ......................................................................................................................................... 136.72 — Other borrowing cost............................................................................................................................................... 127.01 113.25 Total ............................................................................................................................................................................ 6,064.65 5,021.35 Other borrowing cost mainly includes discounting charges and unwinding of discount on financial liabilities other than lease liability.