annual-report-FY2021

253 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 b) Short Term Borrowings Rupees crores Particulars 2021 2020 Secured (Carried at Amortised Cost): Term Loan from Banks....................................................................................................................................... 24.74 — Unsecured (Carried at Amortised Cost): Term Loan from Banks....................................................................................................................................... — 900.00 Total Short Term Borrowings ............................................................................................................................ 24.74 900.00 Secured Borrowings: Secured term loan from Banks are secured by lien on non-callable Fixed Deposits of equivalent amount. Reconciliation of movement in borrowings to cash flows from financing activities Rupees crores Particulars 2021 2020 Opening balance – Long Term Borrowings.................................................................................................................................... 2,032.03 2,031.78 – Short Term Borrowings................................................................................................................................... 900.00 448.54 – Current maturities of Long term borrowings............................................................................................... 135.92 91.02 – Unclaimed matured Deposits......................................................................................................................... 0.10 0.17 Total Opening Balance ....................................................................................................................................... 3,068.05 2,571.51 a) Cash flow movements – Proceeds from borrowings..................................................................................................................... 7,913.49 1,312.42 – Repayment of borrowings and lease liabilities.................................................................................... (3,387.41) (983.53) 4,526.08 328.89 b) Non-cash movements – On account of adoption of Ind AS 116 ............................................................................................... — 117.42 – Addition to lease liability during the year........................................................................................... 59.97 23.87 – Deletion in lease liability during the year............................................................................................ (5.83) — – Effect of amortisation of loan origination costs.................................................................................. 3.97 0.57 – Foreign exchange translation................................................................................................................ 14.65 25.79 72.77 167.65 Closing Balance – Long Term Borrowings.................................................................................................................................... 7,070.03 2,032.03 – Short Term Borrowings (other than loans repayable on demand). ........................................................... 24.74 900.00 – Current maturities of Long term borrowings............................................................................................... 572.04 135.92 – Unclaimed matured Deposits......................................................................................................................... 0.09 0.10 Total Closing Balance ......................................................................................................................................... 7,666.90 3,068.05 15. Borrowings (contd.)