annual-report-FY2021

315 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 b) Right-of-use assets Rupees crores Particulars Land Buildings Plant and Equipment Furniture and Fixtures Vehicles Office Equipments Total Balance as at 1 st April, 2019 .............................. — — — — — — — On account of adoption of Ind AS 116............. 229.50 2,232.23 74.30 0.75 85.06 0.35 2,622.19 Reclassified on account of adoption of Ind AS 116 ................................................................. 323.37 — 145.05 10.42 — 1.83 480.67 Additions.............................................................. 0.35 246.18 55.74 — 17.62 12.48 332.37 Additions through business combinations........ — 0.29 — — — — 0.29 Foreign exchange translation differences......... 0.55 90.41 20.07 — 2.02 0.19 113.24 Deductions........................................................... — (18.09) — — — — (18.09) Balance as at 31 st March, 2020 . ......................... 553.77 2,551.02 295.16 11.17 104.70 14.85 3,530.67 Balance as at 1 st April, 2020 .............................. 553.77 2,551.02 295.16 11.17 104.70 14.85 3,530.67 Additions ............................................................. 41.65 343.34 45.58 — 64.88 3.04 498.49 Foreign exchange translation differences ........ (0.15) 42.57 (16.43) — 2.13 1.03 29.15 Deductions .......................................................... — (93.29) (11.29) — (7.20) (0.12) (111.90) Deconsolidation / disposal of subsidiaries . ...... (0.26) (89.12) (7.63) — (36.71) (5.46) (139.18) Balance as at 31 st March, 2021 ......................... 595.01 2,754.52 305.39 11.17 127.80 13.34 3,807.23 ACCUMULATED DEPRECIATION AND IMPAIRMENT Balance as at 1 st April, 2019 ............................... — — — — — — — Depreciation expense for the year ................... 10.45 355.29 63.39 1.50 32.54 3.49 466.66 Foreign exchange translation differences......... 0.04 12.79 9.56 — 1.28 0.15 23.82 Deductions .......................................................... — (5.04) — — — — (5.04) Impairment losses recognised in the consolidated statement of profit and loss* ..... — — 75.22 — — — 75.22 Balance as at 31 st March, 2020 . ......................... 10.49 363.04 148.17 1.50 33.82 3.64 560.66 Balance as at 1 st April, 2020 .............................. 10.49 363.04 148.17 1.50 33.82 3.64 560.66 Depreciation expense for the year ................... 11.72 373.12 41.79 1.50 31.11 1.63 460.87 Depreciation expense for the year from discontinued operations .................................... 0.07 19.58 — — 9.25 3.67 32.57 Foreign exchange translation differences ........ (0.01) 4.16 (10.76) — 0.47 0.37 (5.77) Deductions .......................................................... — (32.45) (5.32) — (6.59) — (44.36) Deconsolidation / disposal of subsidiaries ......... (0.18) (38.08) (1.70) — (23.16) (4.55) (67.67) Impairment losses recognised in the consolidated statement of profit and loss* ..... — 0.38 16.33 — 1.71 — 18.42 Balance as at 31 st March, 2021 . ......................... 22.09 689.75 188.51 3.00 46.61 4.76 954.72 NET CARRYING AMOUNT Net carrying amount as at 31 st March, 2020. ... 543.28 2,187.98 146.99 9.67 70.88 11.21 2,970.01 Net carrying amount as at 31 st March, 2021 .... 572.92 2,064.77 116.88 8.17 81.19 8.58 2,852.51 * Impairment losses are recognised in the consolidated statement of profit and loss as a part of exceptional items. 4. Property, Plant and Equipment (contd.)