annual-report-FY2021

233 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 Rupees crores 2021 2020 C. CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from borrowings. ................................................................................................................................... 7,913.49 1,312.42 Repayment of borrowings and lease liabilities................................................................................................... (3,387.41) (983.53) Dividends paid (including tax thereon)................................................................................................................ (293.60) (1,187.37) Interest, commitment and finance charges paid................................................................................................. (372.66) (156.98) NET CASH FLOW FROM / (USED IN) FINANCING ACTIVITIES (C) ...................................................................... 3,859.82 (1,015.46) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) ....................................................... (1,584.10) 86.65 Cash and cash equivalents at the beginning of the year .................................................................................. 2,323.51 2,237.58 Unrealised loss on foreign currency cash and cash equivalents. ....................................................................... (0.10) (0.72) Cash and cash equivalents at the end of the year (Refer Note 12 (a)) .......................................................... 739.31 2,323.51 Note: 1 During the year ended 31 st March 2021, the Company received non-cash consideration amounting to Rs. 402.84 crores in the form of equity shares of Mahindra Two Wheelers Limited under the scheme of merger of Mahindra Trucks and Buses Limited with Mahindra Two Wheelers Limited. 2 T he above Cash Flow Statement has been prepared under the “indirect method” as set out in ‘Indian Accounting Standard (Ind AS) 7 - Statement of Cash Flows’. The accompanying notes 1 to 40 are an integral part of the Financial Statements. Cash Flow Statement (contd.) 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