annual-report-FY2021

283 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 Revenue from type of products and services The operating segments are primarily based on nature of products and services and hence the Revenue from external customers of each segment is representative of revenue based on products and services. Geographical Information: Rupees crores Particulars 2021 2020 Domestic Overseas Total Domestic Overseas Total Revenue from External Customers 42,934.40 2,106.58 45,040.98 42,930.58 2,557.20 45,487.78 comprising of: – Revenue from contracts with customers 42,609.95 2,106.58 44,716.53 42,737.56 2,557.20 45,294.76 – Revenue from other sources 324.45 — 324.45 193.02 — 193.02 Non-Current Assets 17,407.57 — 17,407.57 16,986.85 — 16,986.85 Domestic includes sales to customers located in India and service income accrued in India. Overseas includes sales and services rendered to customers located outside India. Information about major customers During the years ended 31 st March, 2021 and 31 st March, 2020 no revenues from transactions with a single external customer amount to 10% or more of the Company’s revenues from external customers. 38. Contingent Liability & Commitments: (A) Contingent Liability: (a) Claims against the Company not acknowledged as debts comprise of : (i) Excise Duty, Sales Tax and Service Tax claims disputed by the Company relating to issues of applicability and classification aggregating Rs. 2,292.93 crores (2020 : Rs. 1,993.91 crores) before tax. (ii) Other matters (excluding claims where amounts are not ascertainable) : Rs. 70.11 crores (2020 : Rs. 33.09 crores) before tax. (b) Taxation matters: (i) Demands against the Company not acknowledged as debts and not provided for, in respect of which the Company is in appeal and exclusive of the effect of similar matters in respect of assessments remaining to be completed. – Income-tax : Rs. 1,345.52 crores (2020 : Rs. 1,265.65 crores), excluding effect of MAT credit offset that may be available. (ii) Items in respect of which the Company has succeeded in appeal, but the Income-tax Department is pursuing/likely to pursue in appeal/reference and exclusive of the effect of similar matters in respect of assessments remaining to be completed : – Income-tax matters : Rs. 172.78 crores (2020 : Rs. 99.09 crores). (c) In respect of (a) & (b) above, it is not practicable for the Company to estimate the closure of these issues and the consequential timings of cash flows, if any. (d) Financial guarantee given on behalf of Subsidiaries/Associates/Joint Ventures companies (Refer Note 34 (2) (a)). (B) Commitments: The estimated amount of contracts remaining to be executed on capital account and not provided for as at 31 st March, 2021 is Rs. 1,658.89 crores (2020 : Rs. 2,265.53 crores) and other commitment as at 31 st March, 2021 is Rs. 0.26 crores (2020 : Rs. 58.30 crores). 39. Other information: (A) Research and Development expenditure (a) In recognised Research and Development units : (i) Expensed to Profit or Loss, including certain expenditure based on allocations made by the Company, aggregate Rs. 775.07 crores (2020 : Rs. 687.18 crores) [excluding depreciation and amortisation of Rs. 987.22 crores (2020 : Rs. 1,006.27 crores)]. (ii) Development expenditure incurred during the year Rs. 980.00 crores (2020 : Rs. 1,626.52 crores). (iii) Capitalisation of assets Rs. 97.26 crores (2020 : Rs. 259.88 crores). (b) In other units: (i) Expensed to Profit or Loss, including certain expenditure based on allocations made by the Company, aggregate Rs. 78.00 crores (2020 : Rs. 118.56 crores) [excluding depreciation and amortisation of Rs. 116.13 crores (2020 : Rs. 86.05 crores)]. (ii) Development expenditure incurred during the year Rs. 145.89 crores (2020 : Rs. 251.19 crores). (iii) Capitalisation of assets Rs. 55.12 crores (2020 : Rs. 52.55 crores). 37. Segment information (contd.)