annual-report-FY2021

325 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 13. Inventories Rupees crores Particulars 2021 2020 Raw materials and bought-out components [includes in-transit Rs. 461.79 crores (2020: Rs. 569.24 crores)]............................................................................ 3,357.03 3,863.48 Work-in-progress....................................................................................................................................................... 360.17 484.04 Work-in-progress-property development activity and long term contracts. ....................................................... 1,856.94 1,708.22 Finished products produced .................................................................................................................................... 2,717.90 3,468.99 Stock-in-trade [includes in-transit Rs. 7.28 crores (2020: Rs. 27.61 crores)] ........................................................ 935.93 1,223.23 Manufactured components...................................................................................................................................... 148.95 130.33 Stores and Spares ..................................................................................................................................................... 155.01 152.76 Loose Tools................................................................................................................................................................. 70.81 68.11 Food, beverages, smokes and operating supplies.................................................................................................. 12.67 12.70 Total ............................................................................................................................................................................ 9,615.41 11,111.86 (a) The cost of inventories recognised as an expense during the year was Rs. 42,854.29 crores (2020: Rs. 43,787.62 crores) (b) The cost of inventories recognised as an expense include Rs. 165.83 crores (2020: Rs. 187.75 crores) in respect of write-down of inventories to net realisable value, and has been reduced by Rs. 37.19 crores (2020: Rs. 29.58 crores) in respect of the reversal of such write downs. (c) Certain companies in the Group have availed working capital facilities and other non-fund based facilities viz. bank guarantees and letters of credit, which are secured by hypothecation of inventories. (d) Mode of valuation of inventories is stated in Note 2 (i) 14. Cash and Cash Equivalents and Bank Balance Rupees crores Particulars 2021 2020 a) Cash and Cash Equivalents Balances with banks – On current accounts....................................................................................................................................... 2,449.75 3,423.42 – On saving accounts. ....................................................................................................................................... 0.03 0.03 – Fixed deposits with original maturity of less than 3 months. ................................................................... 758.88 1,278.77 Cheques, drafts on hand. ................................................................................................................................. 108.05 21.78 Cash on hand..................................................................................................................................................... 57.88 21.03 Total.................................................................................................................................................................... 3,374.59 4,745.03 b) Bank balances other than Cash and Cash Equivalents Earmarked balances with banks. ..................................................................................................................... 33.59 42.50 Balances with banks on margin accounts....................................................................................................... 59.60 35.19 Fixed deposits.................................................................................................................................................... 9,384.21 3,088.18 Total.................................................................................................................................................................... 9,477.40 3,165.87