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

232 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 4. Property, Plant and Equipment Property, plant and equipment comprise of owned and leased assets that do not meet the definition of Investment property. Rupees crores Particulars 2022 2021 (a) Property, plant and equipment (owned)........................................................................................................... 11,288.12 9,172.85 (b) Right of use assets............................................................................................................................................... 716.25 518.75 Total ............................................................................................................................................................................ 12,004.37 9,691.60 (a) Property, plant and equipment (owned) Rupees crores Particulars Land – Freehold Buildings Plant and Equipment Office Equipment Furniture and Fixtures Aircraft Vehicles Total Cost Balance as at 1 st April, 2020 ............................. 271.71 2,079.24 14,072.06 131.20 209.25 103.46 464.35 17,331.27 Acquisitions through business combinations [Refer note 44 (B)] .......................................... 1.51 1,106.30 1,292.76 65.38 54.72 — 17.48 2,538.15 Additions during the year................................ 1.34 293.31 1,168.90 11.25 8.94 — 41.92 1,525.66 Disposals/Transfer during the year . ................ 0.99 23.12 206.75 14.54 25.63 46.24 55.45 372.72 Balance as at 31 st March, 2021 . ....................... 273.57 3,455.73 16,326.97 193.29 247.28 57.22 468.30 21,022.36 Balance as at 1 st April, 2021 ............................. 273.57 3,455.73 16,326.97 193.29 247.28 57.22 468.30 21,022.36 Additions during the year................................ 59.33 805.63 2,731.63 12.42 11.46 — 26.18 3,646.65 Disposals during the year................................. 3.07 2.96 206.26 4.37 5.51 — 74.79 296.96 Balance as at 31 st March, 2022 . ....................... 329.83 4,258.40 18,852.34 201.34 253.23 57.22 419.69 24,372.05 Accumulated depreciation & impairment Balance as at 1 st April, 2020 ............................. — 594.05 8,428.27 98.84 147.46 60.99 239.02 9,568.63 Acquisitions through business combinations [Refer note 44 (B)] .......................................... — 325.60 754.86 56.80 41.90 — 11.21 1,190.37 Depreciation expense for the year.................. — 99.35 1,173.56 12.17 15.92 4.27 71.42 1,376.69 Disposals/Transfer during the year . ................ — 19.25 169.38 12.71 23.37 21.81 39.66 286.18 Balance as at 31 st March, 2021 . ....................... — 999.75 10,187.31 155.10 181.91 43.45 281.99 11,849.51 Balance as at 1 st April, 2021 ............................. — 999.75 10,187.31 155.10 181.91 43.45 281.99 11,849.51 Depreciation expense for the year.................. — 119.19 1,277.10 10.99 13.94 2.63 62.85 1,486.70 Impairment during the year . .......................... — — 1.15 — — — 0.31 1.46 Disposals during the year................................. — 1.48 181.55 4.17 5.14 — 61.40 253.74 Balance as at 31 st March, 2022 . ....................... — 1,117.46 11,284.01 161.92 190.71 46.08 283.75 13,083.93 Net carrying amount Net carrying amount as at 31 st March, 2021. . 273.57 2,455.98 6,139.66 38.19 65.37 13.77 186.31 9,172.85 Net carrying amount as at 31 st March, 2022 .. 329.83 3,140.94 7,568.33 39.42 62.52 11.14 135.94 11,288.12 Notes: a. Additions during the year includes borrowing costs capitalised Rs. 41.52 crores (2021: Rs. 34.11 crores). b. Buildings include Rs. * crores (2021: Rs. * crores) being the value of shares in co-operative housing societies. * denotes amounts less than Rs. 50,000.