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

298 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Consolidated Cash Flow Statement | for the year ended 31 st March, 2022 Rupees crores 2022 2021 A. CASH FLOW FROM OPERATING ACTIVITIES : Profit/(Loss) before exceptional items and taxation from continuing operations........................................... 7,091.81 5,229.33 Profit/(Loss) before taxation from discontinued operations.............................................................................. — (2,189.53) 7,091.81 3,039.80 Adjustments for : Depreciation, amortisation and impairment expense..................................................................................... 3,507.50 4,398.89 (Gain)/Loss on foreign exchange fluctuation and other adjustments (net).................................................. (65.31) 63.35 Gain due to change in lease arrangements..................................................................................................... (15.07) (44.21) Dividend on investments and interest income [excluding Rs. 10,923.82 crores (2021: Rs. 11,757.30 crores) in respect of financial services business]. ......................................................................................................... (418.38) (465.79) Interest, commitment and finance charges [excluding Rs. 4,392.60 crores (2021: Rs. 5,265.45 crores) in respect of financial services business]............................................................................................................... 625.45 873.71 Equity-settled share-based payment expenses................................................................................................. 105.25 132.84 Net gain on financial instruments measured at fair value............................................................................. (355.65) (380.99) Loss/(Gain) on property, plant and equipment sold / scrapped / written off (net)...................................... 39.11 (11.01) Items related to discontinued operations and gain on loss of control......................................................... — (18.87) 3,422.90 4,547.92 Operating Profit before working capital changes.............................................................................................. 10,514.71 7,587.72 Changes in : Trade and other receivables. ............................................................................................................................. (2,044.51) (891.48) Financial services receivable............................................................................................................................... (461.61) 5,787.59 Inventories........................................................................................................................................................... (2,172.99) 225.74 Trade and other payables and provisions. ....................................................................................................... 4,972.37 7,049.34 293.26 12,171.19 Cash generated from operations.......................................................................................................................... 10,807.97 19,758.91 Income taxes paid (net of refunds and interest on refunds)............................................................................. (1,560.42) (1,850.08) Net cash from operating activities ....................................................................................................................... 9,247.55 17,908.83 B. CASH FLOW FROM INVESTING ACTIVITIES : Payment to acquire property, plant & equipment and other intangible assets. ............................................. (6,039.80) (5,989.49) Proceeds from sale of property, plant & equipment and other intangible assets........................................... 119.94 1,364.15 Payment to acquire investments........................................................................................................................... (87,740.39) (120,054.90) Proceeds from sale of investments....................................................................................................................... 87,446.17 111,749.14 Interest received (excluding financial services business)..................................................................................... 419.57 431.11 Dividends received from joint ventures and associates...................................................................................... 1,245.78 571.89 Proceeds from buy-back of shares by joint venture. .......................................................................................... 55.05 — Dividends received from others............................................................................................................................ 1.25 4.68 Bank deposits placed. ............................................................................................................................................ (7,468.23) (10,752.08) Bank deposits matured.......................................................................................................................................... 8,813.19 4,533.02 Net change in earmarked and margin account. ................................................................................................. 175.39 0.87 Receivables / Inter corporate deposits placed. .................................................................................................... (818.28) (569.40)