annual-report-FY2021

259 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 26. Finance Costs Rupees crores Particulars 2021 2020 (a) Interest expense for financial liabilities measured at amortised cost........................................................... 539.75 127.50 Less: Amounts included in the cost of qualifying assets. ............................................................................... 235.06 95.90 304.69 31.60 (b) Other borrowing costs....................................................................................................................................... 66.19 81.63 Total Finance Costs ..................................................................................................................................................... 370.88 113.23 Other borrowing costs includes discounting charges, unwinding of discount on lease and other liabilities. The weighted average capitalisation rate used to determine the amount of borrowing costs eligible for capitalisation is 6.16% p.a. (2020 : 4.37% p.a) 27. Depreciation, amortisation and impairment expense Rupees crores Particulars 2021 2020 (a) Depreciation on Property, Plant and Equipment. ........................................................................................... 1,255.75 1,245.80 (b) Amortisation on Right-of-use asset.................................................................................................................. 44.52 37.03 (c) Amortisation on Intangible Assets. .................................................................................................................. 921.74 914.65 (d) Impairment of property, plant & equipment and intangible under development...................................... 10.98 25.15 Total Depreciation, amortisation and impairment expense . ................................................................................. 2,232.99 2,222.63 28. Other Expenses Rupees crores Particulars 2021 2020 Advertisements.......................................................................................................................................................... 259.42 624.15 Freight outward. ....................................................................................................................................................... 588.88 686.96 Stores consumed........................................................................................................................................................ 106.32 110.46 Tools consumed......................................................................................................................................................... 38.80 41.98 Power and Fuel.......................................................................................................................................................... 206.53 248.32 Repairs and Maintenance......................................................................................................................................... 262.02 346.74 Sales promotion expenses. ....................................................................................................................................... 159.46 342.12 Legal and Professional charges [refer note (a)]. .................................................................................................... 533.83 585.21 Hire and Service charges. ......................................................................................................................................... 898.09 864.83 Miscellaneous expenses [refer note (b), (c), (d) & (e)]........................................................................................... 1,123.63 1,533.82 Total Other Expenses ................................................................................................................................................ 4,176.98 5,384.59