annual-report-FY2020

361 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 Rupees crores Sr. No. Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of Ownership Interest and voting rights held by non controlling interests Profit/(Loss) allocated to non controlling interest Accumulated non Controlling Interest 2020 2019 2020 2019 2020 2019 1 Mahindra & Mahindra Financial Services Limited................................. India 48.61% 48.57% 425.75 734.06 5,523.97 5,298.03 2 Ssangyong Motor Company............. South Korea 25.35% 25.35% (770.27) (92.67) 330.65 1,102.69 3 Individually Immaterial Non Controlling Interest................... (103.52) 60.00 1,837.12 1,959.85 Total .................................................... (448.04) 701.39 7,691.74 8,360.57 Mahindra & Mahindra Financial Services Limited’s Principal Activity - Financing of Automotive vehicles. Ssangyong Motor Company’s Principal Activity - Manufacturing & selling of vehicles & automotive parts (c) Summarised financial information in respect of each of the Group’s subsidiaries that has material non-controlling interests is set out below. The summarised financial information below represents amounts before intragroup eliminations and are based on their standalone financial statements. Rupees crores Particulars Mahindra & Mahindra Financial Services Limited Ssangyong Motor Company 2020 2019 2020 2019 Current Assets.......................................................................................................................... 30,052.11 29,954.30 2,586.08 4,812.76 Non Current Assets.................................................................................................................. 44,019.11 37,123.69 8,489.46 10,133.64 Current Liabilities.................................................................................................................... 21,160.32 22,212.24 6,151.25 7,182.06 Non Current Liabilities............................................................................................................ 41,547.04 33,957.72 3,619.94 3,414.46 Equity Interest Attributable to the owners.......................................................................... 5,839.89 5,610.00 973.70 3,247.18 Non Controlling Interest......................................................................................................... 5,523.97 5,298.03 330.65 1,102.69 Revenue.................................................................................................................................... 10,245.14 8,921.73 20,037.68 24,184.44 Expenses................................................................................................................................... 9,338.74 7,389.95 23,076.23 24,529.88 Profit/(Loss) for the year......................................................................................................... 906.40 1,531.78 (3,038.55) (345.44) Profit/(Loss) attributable to the owners of the company.................................................... 480.65 797.72 (2,268.28) (252.77) Profit/(Loss) attributable to the Non-Controlling Interest................................................... 425.75 734.06 (770.27) (92.67) Dividends paid to non controlling interest........................................................................... 194.15 119.33 — — Opening Cash & Cash Equivalents......................................................................................... 501.68 271.90 2,142.88 1,134.69 Closing Cash & Cash Equivalents........................................................................................... 676.79 501.68 262.91 2,142.88 Net Cash inflow/(outflow)...................................................................................................... 175.11 229.78 (1,879.97) 1,008.19 35. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (contd.): (b) Details of Non-Wholly Owned Subsidiaries that have material Non Controlling Interest