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

275 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 42. Segment information Operating Segments The reportable segments of the Company are Automotive and Farm Equipment. The segments are largely organised and managed separately according to the organisation structure that is designed based on the nature of products and services and profile of customers. Operating segments are reported in a manner consistent with the internal reporting provided to the Executive Chairman and Managing Director jointly regarded as the Chief Operating Decision Maker (“CODM”). Description of each of the reportable segments for all periods presented, is as under. (a) Automotive:- This segment comprises of sale of automobiles, spares, mobility solutions, Construction Equipment and related services; (b) Farm Equipment:- This segment comprises of sale of tractors, implements, spares and related services; (c) Others:- This segment comprise of Powerol, Two Wheelers and Spares Business Unit. The CODM evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators by operating segments. The CODM reviews revenue and gross profit as the performance indicator for all of the operating segments. The measurement of each segment’s revenues, expenses and assets is consistent with the accounting policies that are used in preparation of the financial statements. Segment profit represents the profit before interest and tax. Information regarding the Company’s reportable segments is presented below: Rupees crores Particulars 2022 2021 Automotive Farm Equipment Other Total Segment Eliminations Total Automotive Farm Equipment Other Total Segment Eliminations Total Revenue External Revenue........................................ 35,549.22 19,570.32 2,326.43 57,445.97 57,445.97 24,526.53 18,264.87 1,838.47 44,629.87 44,629.87 Inter Segment Revenue.............................. 37.45 196.51 19.46 253.42 (253.42) — 38.66 168.38 9.26 216.30 (216.30) — Total Revenue ............................................. 35,586.67 19,766.83 2,345.89 57,699.39 (253.42) 57,445.97 24,565.19 18,433.25 1,847.73 44,846.17 (216.30) 44,629.87 Result Segment Result........................................... 1,337.21 3,579.89 135.28 5,052.38 5,052.38 832.02 4,192.70 26.06 5,050.78 5,050.78 Exceptional Item allocated to segments.... — — — — — (5.52) — — (5.52) (5.52) Segment Result .......................................... 1,337.21 3,579.89 135.28 5,052.38 5,052.38 826.50 4,192.70 26.06 5,045.26 5,045.26 Less: Finance costs 223.00 396.31 Add: Unallocated corporate income net of unallocated expenses................................. 1,614.75 736.26 Exceptional items unallocable to segments...................................................... (208.67) (3,081.76) Profit before tax ......................................... 6,235.46 2,303.45 Income Taxes............................................... 1,300.24 1,319.29 Profit after tax ............................................ 4,935.22 984.16 Out of total external revenue above:- Revenue from contracts with customers .... 56,948.71 44,149.03 Revenue from other sources ..................... 497.26 480.84 Total 57,445.97 44,629.87 OTHER INFORMATION Segment Assets........................................... 24,133.27 8,425.23 987.08 33,545.58 — 33,545.58 21,872.04 6,948.61 1,087.81 29,908.46 — 29,908.46 Unallocated Corporate Assets.................... 33,584.68 31,656.03 Total Assets ................................................. 24,133.27 8,425.23 987.08 33,545.58 — 67,130.26 21,872.04 6,948.61 1,087.81 29,908.46 — 61,564.49 Segment Liabilities...................................... 13,945.59 4,098.62 739.77 18,783.98 — 18,783.98 10,660.00 4,436.58 589.80 15,686.38 — 15,686.38 Unallocated Corporate Liabilities 9,385.33 10,927.11 Total Liabilities ............................................ 13,945.59 4,098.62 739.77 18,783.98 — 28,169.31 10,672.32 4,436.58 589.80 15,698.70 — 26,613.49 Additions to non current assets................ 2,408.82 740.37 56.07 3,205.26 — 3,205.26 2,908.82 434.06 34.85 3,377.73 — 3,377.73 Depreciation, amortisation and impairment expense................................... 2,036.05 343.11 34.01 2,413.17 — 2,413.17 1,952.64 332.85 35.84 2,321.33 — 2,321.33 Note:- Additions to non-current assets comprises of capital expenditure on property, plant and equipment, capital work-in-progress, intangible assets including those under development and capital advances.