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

234 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 6. Intangible Assets Rupees crores Particulars Development Expenditure (Internally Generated) Brand Licence Computer Softwares Others (refer note b) Total Cost Balance as at 1 st April, 2020 .............................................. 4,818.22 129.16 67.45 65.00 5,079.83 Acquisitions through business combinations [Refer note 44 (B)] ............................................................ 11.33 4.89 31.97 3.10 51.29 Additions during the year................................................. 813.16 — 3.27 — 816.43 Deductions/Transfer during the year ............................... 237.03 — 21.20 — 258.23 Balance as at 31 st March, 2021 ........................................ 5,405.68 134.05 81.49 68.10 5,689.32 Balance as at 1 st April, 2021 ............................................. 5,405.68 134.05 81.49 68.10 5,689.32 Additions during the year................................................. 1,129.13 — 3.14 — 1,132.27 Deductions during the year. ............................................. 1,180.94 — 5.91 — 1,186.85 Balance as at 31 st March, 2022 ........................................ 5,353.87 134.05 78.72 68.10 5,634.74 Accumulated amortisation & impairment Balance as at 1 st April, 2020 .............................................. 2,595.07 16.52 54.37 0.04 2,666.00 Acquisitions through business combinations [Refer note 44 (B)] ............................................................ (0.13) 4.89 30.19 3.10 38.05 Amortisation expense for the year................................... 908.76 4.31 10.69 0.04 923.80 Deductions/Transfer during the year ............................... 237.03 — 21.20 — 258.23 Balance as at 31 st March, 2021 . ........................................ 3,266.67 25.72 74.05 3.18 3,369.62 Balance as at 1 st April, 2021 .............................................. 3,266.67 25.72 74.05 3.18 3,369.62 Amortisation expense for the year................................... 896.80 4.31 6.25 0.04 907.40 Impairment during the year . ........................................... 0.32 — — — 0.32 Deductions during the year. ............................................. 1,180.94 — 5.91 — 1,186.85 Balance as at 31 st March, 2022 . ........................................ 2,982.85 30.03 74.39 3.22 3,090.49 Net carrying amount Net carrying amount as at 31 st March, 2021. .................. 2,139.01 108.33 7.44 64.92 2,319.70 Net carrying amount as at 31 st March, 2022 ................... 2,371.02 104.02 4.33 64.88 2,544.25 Notes:- a. Additions during the year includes Borrowing costs capitalised Rs. 70.25 crores (2021: Rs. 34.14 crores). b. Others include trade marks, transferable development rights etc. 7. Intangible assets under development Ageing of intangible assets under development Rupees crores Particulars Amount in Intangible assets under development for a period of Less than 1 year 1-2 years 2-3 years More than 3 years Total As at 31 st March, 2022: Projects in progress ...................................................................................... 1,302.08 618.93 817.54 758.10 3,496.65 Total ............................................................................................................... 1,302.08 618.93 817.54 758.10 3,496.65 As at 31 st March, 2021: Projects in progress ...................................................................................... 902.59 1,235.13 732.62 363.89 3,234.23 Total ............................................................................................................... 902.59 1,235.13 732.62 363.89 3,234.23