annual-report-FY2021

361 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 36. Investment in Joint Arrangements and Associates (contd.) Summarised financial information in respect of the Group’s material associate is set out below Particulars Tech Mahindra Limited - Consolidated 2021 2020 Current assets Cash and cash equivalents..................................................................................................................................................... 2,690.40 3,016.70 Other assets. ........................................................................................................................................................................... 22,564.92 20,155.57 Total current assets. ............................................................................................................................................................... 25,255.32 23,172.27 Total Non-current assets........................................................................................................................................................ 14,422.70 14,181.24 Current liabilities Financial liabilities.................................................................................................................................................................. 6,772.30 7,641.80 Other Liabilities...................................................................................................................................................................... 4,735.63 4,514.30 Total current liabilities........................................................................................................................................................... 11,507.93 12,156.10 Total Non-current liabilities................................................................................................................................................... 2,925.60 2,991.00 Non-controlling interest. ....................................................................................................................................................... 379.50 393.30 Revenue from Operations. .................................................................................................................................................... 37,855.11 36,867.68 Interest Income....................................................................................................................................................................... 325.40 243.40 Depreciation and amortisation............................................................................................................................................. 1,457.70 1,445.80 Interest Cost............................................................................................................................................................................ 174.00 191.90 Income tax expense................................................................................................................................................................ 1,599.90 1,160.40 Profit/(Loss) for the year........................................................................................................................................................ 4,353.01 3,897.38 Other Comprehensive Income/(Loss) for the year............................................................................................................... 423.70 (105.70) Total Other Comprehensive Income for the year................................................................................................................ 4,776.71 3,791.68 Tech Mahindra Limited’s Principal Activity - Information Technology (IT) and IT Enabled Services Reconciliation of the above summarised financial information to the carrying amount of the interest in the associate recognised in the consolidated financial statements: Particulars Tech Mahindra Limited - Consolidated 2021 2020 Closing Net assets .................................................................................................................................................................. 24,864.99 21,813.07 Group’s share in %................................................................................................................................................................. 28.81% 28.89% Group share (Rs.).................................................................................................................................................................... 7,163.60 6,301.80 Goodwill.................................................................................................................................................................................. 549.31 549.31 Carrying amount. ................................................................................................................................................................... 7,712.91 6,851.11 Market Value.......................................................................................................................................................................... 24,959.45 14,236.29