annual-report-FY2021

249 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 7. Loans Rupees crores Particulars Non-Current Current 2021 2020 2021 2020 (a) Loans to related parties (refer note 35) Unsecured, considered good.................................................................... 1,521.05 62.99 677.94 336.04 Doubtful..................................................................................................... 16.00 17.00 5.27 5.27 1,537.05 79.99 683.21 341.31 Less: Allowance for Expected Credit Loss. .............................................. 16.00 17.00 5.27 5.27 Total (a) ...................................................................................................... 1,521.05 62.99 677.94 336.04 (b) Other Loans Unsecured, considered good ................................................................... 22.33 75.87 79.00 175.98 Doubtful .................................................................................................... 437.35 — 5.98 5.98 459.68 75.87 84.98 181.96 Less: Allowance for Expected Credit Loss. .............................................. 328.01 — 5.98 5.98 Total (b) ...................................................................................................... 131.67 75.87 79.00 175.98 Total Loans ................................................................................................. 1,652.72 138.86 756.94 512.02 (a) Loan to Related Parties includes Loan to Director: Non-Current Rs. 3.53 crores (2020 : Rs. 10.00 crores), Current Loan – Rs. 3.50 crores (2020 : Nil). (b) Other Current and Non Current Loans mainly includes loans to employees and loans given to other companies. (c) Loans given to employees as per the Company’s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013. 8. Other Financial Assets Rupees crores Particulars Non-Current Current 2021 2020 2021 2020 Carried at amortised cost: Security deposits................................................................................................ 24.40 31.49 20.93 24.44 Bank deposits..................................................................................................... 9.91 51.78 — — Interest accrued................................................................................................. — — 273.51 164.86 Other financial assets........................................................................................ 434.57 286.19 322.14 298.62 Carried at fair value: Derivative financial assets................................................................................. 65.77 — 33.27 18.49 Derivatives on Interest over Subsidiaries, Associates and Joint Ventures.... 104.96 116.92 — — Total Other Financial Assets ............................................................................. 639.61 486.38 649.85 506.41 Other Financial Assets include receivables for oil royalty income, scrap sales, incentive receivables, share application money and other recoverable expenses. Derivative financial assets includes foreign currency forwards, commodity derivatives in the nature of forward contracts, interest rate swaps and options. 9. Other Non Financial Assets Rupees crores Particulars Non-Current Current 2021 2020 2021 2020 Capital advances................................................................................................ 867.74 741.62 — — Other advances.................................................................................................. 607.71 911.90 1,863.30 1,297.01 Total Other Non Financial Assets . ................................................................... 1,475.45 1,653.52 1,863.30 1,297.01 Other advances include advances to suppliers, prepaid expenses, export benefits receivable, other recoverable expenses, balances with government authorities (other than income taxes) and Goods and Services Tax (GST) receivable.