annual-report-FY2021

228 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Rupees crores Note No. 2021 2020 I. ASSETS NON-CURRENT ASSETS Property, plant and equipment.......................................................................................................... 4 7,872.59 7,980.76 Capital work-in-progress..................................................................................................................... 1,708.88 1,196.68 Intangible assets.................................................................................................................................. 5 2,306.76 2,413.83 Intangible assets under development. .............................................................................................. 3,123.28 2,812.78 Financial assets (i) Investments................................................................................................................................. 6 19,576.60 17,748.48 (ii) Loans. .......................................................................................................................................... 7 1,652.72 138.86 (iii) Other financial assets................................................................................................................. 8 639.61 486.38 Income tax assets (net). ...................................................................................................................... 920.61 929.28 Other non-current assets.................................................................................................................... 9 1,475.45 1,653.52 39,276.50 35,360.57 CURRENT ASSETS Inventories. .......................................................................................................................................... 10 3,955.47 3,400.91 Financial assets (i) Investments................................................................................................................................. 6 4,488.47 2,189.65 (ii) Trade receivables........................................................................................................................ 11 2,342.85 2,998.98 (iii) Cash and cash equivalents......................................................................................................... 12 739.31 2,323.51 (iv) Bank balances other than cash and cash equivalents............................................................. 12 5,516.11 1,913.00 (v) Loans. .......................................................................................................................................... 7 756.94 512.02 (vi) Other financial assets................................................................................................................. 8 649.85 506.41 Other current assets............................................................................................................................ 9 1,863.30 1,297.01 20,312.30 15,141.49 TOTAL ASSETS ..................................................................................................................................... 59,588.80 50,502.06 II. EQUITY AND LIABILITIES EQUITY Equity share capital............................................................................................................................. 13 597.39 596.52 Other equity. ....................................................................................................................................... 14 33,904.53 33,871.32 34,501.92 34,467.84 LIABILITIES NON-CURRENT LIABILITIES Financial liabilities (i) Borrowings.................................................................................................................................. 15 7,070.03 2,032.03 (ii) Other financial liabilities. .......................................................................................................... 16 476.55 560.07 Provisions. ............................................................................................................................................ 17 955.42 922.98 Deferred tax liabilities (net)............................................................................................................... 18 1,343.15 1,408.17 Other non-current liabilities............................................................................................................... 19 108.56 138.15 9,953.71 5,061.40 CURRENT LIABILITIES Financial liabilities (i) Borrowings.................................................................................................................................. 15 24.74 900.00 (ii) Trade payables (a) Total outstanding dues of Micro Enterprises and Small Enterprises............................ 20 88.71 102.11 (b) Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises............................................................................................................................ 20 9,899.45 6,683.72 (iii) Other financial liabilities. .......................................................................................................... 16 2,027.47 1,052.85 Other current liabilities....................................................................................................................... 19 2,227.64 1,422.22 Provisions. ............................................................................................................................................ 17 486.48 595.56 Current tax liabilities (net). ................................................................................................................ 378.68 216.36 15,133.17 10,972.82 TOTAL EQUITY AND LIABILITIES . ....................................................................................................... 59,588.80 50,502.06 The accompanying notes 1 to 40 are an integral part of the Financial Statements Balance Sheet | as at 31 st March 2021 Vikram Singh Mehta Vishakha N. Desai T. N. Manoharan Haigreve Khaitan Shikha Sharma Nisaba Godrej Muthiah Murugappan Vijay Kumar Sharma CP Gurnani } Directors In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No : 101248W/W-100022 Jamil Khatri Partner Membership No : 102527 Mumbai, 28 th May, 2021 Anand G. Mahindra Executive Chairman Anish Shah Managing Director and CEO Rajesh Jejurikar Executive Director (Auto and Farm Sectors) Manoj Bhat Group Chief Financial Officer Narayan Shankar Company Secretary Mumbai, 28 th May, 2021