annual-report-FY2021

301 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 Rupees crores 2021 2020 Inter corporate deposits refunded ...................................................................................................................... 307.50 614.00 Purchase of investment in joint ventures and associates (including share application money) .................... (359.13) (418.27) Purchase consideration paid on acquisition of subsidiaries net of cash acquired .......................................... — (58.74) Consideration received on disposal of subsidiaries ............................................................................................ 178.06 174.59 Consideration received on disposal of associate ................................................................................................ 137.82 — Net cash used in investing activities .................................................................................................................... (18,446.76) (6,894.83) C. CASH FLOW FROM FINANCING ACTIVITIES : Proceeds from sale of shares by M&M Benefit Trust ......................................................................................... — 1,242.51 Proceeds from issue of shares to employees by ESOP trust .............................................................................. 0.58 0.53 Proceeds from borrowings ................................................................................................................................... 38,100.37 52,617.59 Repayments of borrowings .................................................................................................................................. (35,772.09) (43,415.94) Net change in loans repayable on demand and cash credit . ........................................................................... (1,733.29) (628.14) Repayment of lease liabilities .............................................................................................................................. (552.98) (557.73) Dividends paid (including tax thereon) . ............................................................................................................. (264.33) (1,135.09) Dividend paid to non-controlling interests (including tax thereon) ................................................................ (6.71) (262.93) Transactions with non-controlling interest ......................................................................................................... 1,443.91 (303.57) Interest,commitment and finance charges paid (excluding financial services business) ................................ (809.23) (624.48) Net cash from financing activities ........................................................................................................................ 406.23 6,932.75 Net decrease in cash and cash equivalents ........................................................................................................ (131.70) (1,419.01) Cash and cash equivalents at the beginning of the year . ................................................................................ 4,745.03 6,139.00 Cash and Cash Equivalents related to discontinued operations ....................................................................... (1,252.79) — Unrealised gain/(loss) on foreign currency cash and cash equivalents ............................................................ 14.05 25.04 Cash and cash equivalents at the end of the year (Refer note 14) ................................................................ 3,374.59 4,745.03 Notes to the Consolidated Cash Flow Statements for the year ended 31 st March, 2021. a) The above Cash Flow Statement has been prepared under the ‘indirect method’ as set out in Ind AS 7 - Statement of Cash Flow. b) The Group has presented a consolidated cash flow statement that analyses all cash flows in total – i.e. including both continuing and discontinued operations; amounts related to discontinued operations are disclosed in Note 42. The accompanying notes 1 to 44 are an integral part of the Consolidated Financial Statements Consolidated Cash Flow Statement | for the year ended 31 st March, 2021 (contd.) Vikram Singh Mehta Vishakha N. Desai T. N. Manoharan Haigreve Khaitan Shikha Sharma Nisaba Godrej Muthiah Murugappan Vijay Kumar Sharma CP Gurnani } Directors In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No : 101248W/W-100022 Jamil Khatri Partner Membership No : 102527 Mumbai, 28 th May, 2021 Anand G. Mahindra Executive Chairman Anish Shah Managing Director and CEO Rajesh Jejurikar Executive Director (Auto and Farm Sectors) Manoj Bhat Group Chief Financial Officer Narayan Shankar Company Secretary Mumbai, 28 th May, 2021