annual-report-FY2020

374 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS (ii) Right-of-use asset recognised on the date of initial application: Rupees crores Lease Liability relating to operating lease commitments as on initial application date........................................................ 2,601.00 Adjustments for certain subsidiaries recognising right-of-use asset at the commencement of lease.................................. (175.30) Right-of-use assets relating to operating lease commitment as on initial application date................................................. 2,425.70 Adjustments for  Reclassification of prepaid/accrued lease payments .............................................................................................................. 196.49  Reclassification of finance lease recognised as per Ind AS 17.............................................................................................. 480.67 Right-of-use asset recognised in the balance sheet on initial application date..................................................................... 3,102.86 (iii) Transition impact recognised in retained earnings: Rupees crores Right-of-use asset recognised on the initial application date 2,425.70 Lease Liability recognised in the balance sheet on initial application date............................................................................ 2,601.00 Deferred Tax Asset recognised..................................................................................................................................................... 37.76 Amount recognised in retained earnings................................................................................................................................... 137.54 43. Statement of Net Assets and Profit and Loss and Other Comprehensive Income Attributable to Owners and Non-controlling Interest Name of the Enterprise Net assets, i.e., total assets minus total liabilities Share of Profit or loss Share of Other Comprehensive Income (OCI) Share of Total Comprehensive Income (TCI) As % of consolidated net assets Amount As % of consolidated profit or loss Amount As % of consolidated OCI Amount As % of consolidated TCI Amount PARENT Mahindra and Mahindra Limited 86.24% 34,467.84 1047.35% 1,330.55 10.77% (32.10) -758.79% 1,298.45 SUBSIDIARIES Indian Mahindra Automobile Distributor Private Limited 0.04% 14.32 4.17% 5.30 0.00% — -3.10% 5.30 Mahindra Trucks and Buses Limited 0.36% 145.28 25.24% 32.07 -2.12% 6.32 -22.43% 38.39 Mahindra Heavy Engines Limited 1.09% 434.60 30.80% 39.13 0.11% (0.33) -22.67% 38.80 Mahindra Electric Mobility Limited 0.67% 268.21 -43.47% (55.23) -0.07% 0.22 32.15% (55.01) Mahindra Vehicle Manufacturers Limited 10.70% 4,276.74 -329.17% (418.18) 2.21% (6.59) 248.23% (424.77) NBS International Limited -0.04% (15.81) -6.36% (8.08) 0.07% (0.22) 4.85% (8.30) Gromax Agri Equipment Limited 0.06% 23.82 -1.72% (2.19) -0.01% 0.02 1.27% (2.17) Mahindra Agri Solutions Limited 0.20% 80.24 -15.10% (19.18) 0.04% (0.12) 11.28% (19.30) Mahindra Greenyard Private Limited -0.01% (2.77) -2.86% (3.63) 0.01% (0.02) 2.13% (3.65) 42 Adoption of Ind AS 116: - Leases (contd.):