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

239 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 9. Loans Rupees crores Particulars Non-Current Current 2022 2021 2022 2021 (a) Loans to related parties (refer note 39) Unsecured, considered good.................................................................... 885.79 1,521.05 1,791.70 211.94 Credit impaired . ....................................................................................... 11.00 16.00 5.27 5.27 896.79 1,537.05 1,796.97 217.21 Less: Loss Allowance . ............................................................................... 11.00 16.00 5.27 5.27 Total (a) ...................................................................................................... 885.79 1,521.05 1,791.70 211.94 (b) Other Loans Unsecured, considered good ................................................................... 12.86 17.54 53.82 72.52 Credit impaired . ....................................................................................... 246.19 437.35 — 5.98 259.05 454.89 53.82 78.50 Less: Loss Allowance . ............................................................................... 184.64 328.01 — 5.98 Total (b) ...................................................................................................... 74.41 126.88 53.82 72.52 Total Loans ................................................................................................. 960.20 1,647.93 1,845.52 284.46 (a) Non Current Loan to Related Parties includes Loan to Director Rs. 0.79 crores (2021: Rs. 3.53 crores), Current Loan - Rs. Nil (2021: Rs. 3.50 crores). (b) Other Current and Non Current Loans mainly includes loans to employees and loans given to other companies. (c) Loans given to employees as per the Company’s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013. 10. Other Financial Assets Rupees crores Particulars Non-Current Current 2022 2021 2022 2021 Carried at amortised cost: Security deposits................................................................................................ 35.48 29.52 21.21 27.62 Corporate Fixed Deposits . ............................................................................... 102.09 3.11 — — Bank deposits with more than 12 months maturity ..................................... 421.19 12.78 — — Interest accrued................................................................................................. — — 151.57 241.92 Other financial assets........................................................................................ 976.81 822.77 607.58 466.50 Carried at fair value: Derivative financial assets................................................................................. 4.47 65.77 237.83 33.27 Derivatives on Interest over Subsidiaries, Associates and Joint Ventures.... 21.54 104.96 70.37 — Total Other Financial Assets ............................................................................. 1,561.58 1,038.91 1,088.56 769.31 Other Financial Assets includes receivables for oil royalty income, scrap sales, incentive receivables, share application money and other recoverable expenses. Derivative financial assets includes foreign currency forwards, commodity derivatives in the nature of forward contracts, interest rate swaps and options. 11. Other Non Financial Assets Rupees crores Particulars Non-Current Current 2022 2021 2022 2021 Capital advances................................................................................................ 777.09 871.72 — — Other advances.................................................................................................. 526.04 673.00 2,462.67 1,887.71 Total Other Non Financial Assets . ................................................................... 1,303.13 1,544.72 2,462.67 1,887.71 Other advances include advances to suppliers, prepaid expenses, export benefits receivable, other recoverable expenses, balances with government authorities (other than income taxes) and Goods and Services Tax (GST) receivable and contract assets.