annual-report-FY2021

295 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 Consolidated Statement of Profit and Loss | for the year ended 31 st March, 2021 Rupees crores Note 2021 2020 INCOME Revenue from operations.................................................................................................................................................... 22 74,277.78 75,381.93 Other income . .................................................................................................................................................................... 23 1,033.11 1,028.69 Total Income . .................................................................................................................................................................... 75,310.89 76,410.62 EXPENSES Cost of materials consumed ............................................................................................................................................... 24 32,797.56 32,321.80 Purchases of stock-in-trade . ............................................................................................................................................... 5,473.64 5,273.50 Changes in inventories of finished goods, stock-in-trade and work-in-progress........................................................... 25 135.59 826.62 Employee benefits expense................................................................................................................................................. 26 7,813.26 8,214.82 Finance costs ........................................................................................................................................................................ 27 6,102.22 6,021.15 Depreciation, amortisation and impairment expense ..................................................................................................... 4,6 3,378.11 3,366.68 Other expenses .................................................................................................................................................................... 28 14,541.92 15,871.20 70,242.30 71,895.77 Less: Amounts capitalised.................................................................................................................................................... 160.74 317.58 Total Expenses ..................................................................................................................................................................... 70,081.56 71,578.19 Profit Before Exceptional Items, share of profit of associates and joint ventures and Tax ........................................ 5,229.33 4,832.43 Exceptional items (net)........................................................................................................................................................ 29 (1,158.26) (1,171.28) Share of profit of associates and joint ventures, (net)..................................................................................................... 1,276.66 1,027.28 Profit Before Tax ................................................................................................................................................................ 5,347.73 4,688.43 Tax Expense 11 Current tax ................................................................................................................................................................ 2,014.89 2,314.16 Deferred tax .............................................................................................................................................................. (369.08) (338.55) Profit/(loss) for the year from continuing operations .................................................................................................... 3,701.92 2,712.82 Profit/(loss) before tax from discontinued operations ..................................................................................................... (2,189.53) (3,033.82) Tax expense of discontinued operations . ......................................................................................................................... — — Profit/(loss) after tax from discontinued operations . ..................................................................................................... 42 (2,189.53) (3,033.82) Profit/(loss) after tax from continuing and discontinued operations ........................................................................... 1,512.39 (321.00) Other Comprehensive Income/(Loss) A. (i) Items that will not be reclassified to profit or loss (a) Remeasurements of the defined benefit plans . ................................................................................... (66.59) (55.11) (b) Equity instruments through other comprehensive income . ................................................................ 76.56 (165.50) (c) Share of other comprehensive income/ (loss) of equity accounted investees . .................................. 52.12 (12.44) (ii) Income tax relating to items that will not be reclassified to profit or loss................................................. 23.05 7.03 B. (i) Items that will be reclassified to profit or loss (a) Exchange differences in translating the financial statements of foreign operations ....................... (20.60) (49.65) (b) Debt instruments through other comprehensive income .................................................................... (93.75) 8.35 (c) Effective portion of gains/(losses) on designated portion of hedging instruments in a cash flow hedge (10.01) (57.09) (d) Share of other comprehensive income of equity accounted investees .............................................. (20.92) 7.09 (ii) Income tax relating to items that will be reclassified to profit or loss . ..................................................... 45.06 49.72 C. Other comprehensive income/(loss) from discontinued operations (net of tax) . ............................................... 79.94 (5.66) Total Other Comprehensive Income/(Loss) ........................................................................................................................ 64.86 (273.26) Total Comprehensive Income/(Loss) for the year . ............................................................................................................ 1,577.25 (594.26) Profit / (Loss) from continuing operations for the year attributable to: Owners of the company ..................................................................................................................................................... 3,347.41 2,391.79 Non-controlling interests .................................................................................................................................................... 354.51 321.03 3,701.92 2,712.82 Profit / (Loss) from discontinued operations for the year attributable to: Owners of the company ..................................................................................................................................................... (1,534.92) (2,264.75) Non-controlling interests .................................................................................................................................................... (654.61) (769.07) (2,189.53) (3,033.82) Profit / (Loss) from continuing and discontinued operations for the year attributable to: Owners of the company ..................................................................................................................................................... 1,812.49 127.04 Non-controlling interests .................................................................................................................................................... (300.10) (448.04) 1,512.39 (321.00)