MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

218 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Rupees crores Note No. 2022 2021 [Refer note 44 (B)] I. ASSETS NON-CURRENT ASSETS Property, plant and equipment.......................................................................................................... 4 12,004.37 9,691.60 Capital work-in-progress..................................................................................................................... 5 1,521.52 2,891.23 Intangible assets.................................................................................................................................. 6 2,544.25 2,319.70 Intangible assets under development. .............................................................................................. 7 3,496.65 3,234.23 Financial assets (i) Investments................................................................................................................................. 8 17,207.75 17,291.82 (ii) Loans. .......................................................................................................................................... 9 960.20 1,647.93 (iii) Other financial assets................................................................................................................. 10 1,561.58 1,038.91 Income tax assets (net). ...................................................................................................................... 613.11 1,091.08 Other non-current assets.................................................................................................................... 11 1,303.13 1,544.72 41,212.56 40,751.22 CURRENT ASSETS Inventories. .......................................................................................................................................... 12 5,882.85 4,782.97 Financial assets (i) Investments................................................................................................................................. 8 7,902.06 4,490.79 (ii) Trade receivables........................................................................................................................ 13 3,035.11 2,202.82 (iii) Cash and cash equivalents......................................................................................................... 14 717.22 867.54 (iv) Bank balances other than cash and cash equivalents............................................................. 14 2,933.31 5,527.67 (v) Loans. .......................................................................................................................................... 9 1,845.52 284.46 (vi) Other financial assets................................................................................................................. 10 1,088.56 769.31 Other current assets............................................................................................................................ 11 2,462.67 1,887.71 Assets held for sale ............................................................................................................................ 15 50.40 – 25,917.70 20,813.27 TOTAL ASSETS ..................................................................................................................................... 67,130.26 61,564.49 II. EQUITY AND LIABILITIES EQUITY Equity share capital............................................................................................................................. 16 598.30 597.39 Other equity. ....................................................................................................................................... 17 38,362.65 34,353.61 38,960.95 34,951.00 LIABILITIES NON-CURRENT LIABILITIES Financial liabilities (i) Borrowings.................................................................................................................................. 18 5,678.02 6,989.84 (ii) Lease liabilities............................................................................................................................ 162.79 80.19 (iii) Other financial liabilities. .......................................................................................................... 19 683.12 781.27 Provisions. ............................................................................................................................................ 20 912.66 1,015.42 Deferred tax liabilities (net)............................................................................................................... 21 1,700.80 1,449.66 Other non-current liabilities............................................................................................................... 22 211.63 108.56 9,349.02 10,424.94 CURRENT LIABILITIES Financial liabilities (i) Borrowings.................................................................................................................................. 18 811.93 672.50 (ii) Lease liabilities . ......................................................................................................................... 80.81 43.79 (iii) Trade payables (a) Total outstanding dues of Micro Enterprises and Small Enterprises............................ 23 116.11 104.80 (b) Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises............................................................................................................................ 23 12,777.43 10,537.92 (iv) Other financial liabilities. .......................................................................................................... 19 1,363.96 1,683.66 Other current liabilities....................................................................................................................... 22 2,909.97 2,266.64 Provisions. ............................................................................................................................................ 20 453.61 492.24 Current tax liabilities (net). ................................................................................................................ 306.47 387.00 18,820.29 16,188.55 TOTAL EQUITY AND LIABILITIES . ....................................................................................................... 67,130.26 61,564.49 The accompanying notes 1 to 46 are an integral part of the Financial Statements Balance Sheet | as at 31 st March, 2022 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, 2022 Anand G. Mahindra Chairman Anish Shah Managing Director and CEO Rajesh Jejurikar Executive Director (Automotive and Farm Sectors) Manoj Bhat Group Chief Financial Officer Narayan Shankar Company Secretary Mumbai, 28 th May, 2022 For Mahindra & Mahindra Limited