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

312 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS b) Right-of-use assets Rupees crores Particulars Land Buildings Plant and Equipment Furniture and Fixtures Vehicles Office Equipments Total COST Balance as at 1 st April, 2020 ............................... 553.77 2,551.02 295.16 11.17 104.70 14.85 3,530.67 Additions.............................................................. 41.65 343.34 45.58 — 64.88 3.04 498.49 Foreign exchange translation differences......... (0.15) 42.57 (16.43) — 2.13 1.03 29.15 Deductions........................................................... — (93.29) (11.29) — (7.20) (0.12) (111.90) Deconsolidation / disposal of subsidiaries......... (0.26) (89.12) (7.63) — (36.71) (5.46) (139.18) Balance as at 31 st March, 2021 . ......................... 595.01 2,754.52 305.39 11.17 127.80 13.34 3,807.23 Balance as at 1 st April, 2021 .............................. 595.01 2,754.52 305.39 11.17 127.80 13.34 3,807.23 Additions ............................................................. 167.95 582.76 68.58 — 58.20 3.36 880.85 Acquisitions through business combinations.... — 2.06 — — — — 2.06 Foreign exchange translation differences ........ 0.19 (22.60) (18.37) — (3.06) 0.17 (43.67) Deductions .......................................................... — (120.38) (9.17) (0.45) (4.28) (1.80) (136.08) Disposal of subsidiaries....................................... — — (20.05) — — — (20.05) Balance as at 31 st March, 2022 ......................... 763.15 3,196.36 326.38 10.72 178.66 15.07 4,490.34 ACCUMULATED DEPRECIATION AND IMPAIRMENT Balance as at 1 st April, 2020 ............................... 10.49 363.04 148.17 1.50 33.82 3.64 560.66 Depreciation expense for the year.................... 11.72 373.12 41.79 1.50 31.11 1.63 460.87 Depreciation expense for the year from discontinued operations..................................... 0.07 19.58 — — 9.25 3.67 32.57 Foreign exchange translation differences......... (0.01) 4.16 (10.76) — 0.47 0.37 (5.77) Deductions........................................................... — (32.45) (5.32) — (6.59) — (44.36) Deconsolidation / disposal of subsidiaries......... (0.18) (38.08) (1.70) — (23.16) (4.55) (67.67) Impairment losses recognised in the consolidated statement of profit and loss*...... — 0.38 16.33 — 1.71 — 18.42 Balance as at 31 st March, 2021 . ......................... 22.09 689.75 188.51 3.00 46.61 4.76 954.72 Balance as at 1 st April, 2021 ............................... 22.09 689.75 188.51 3.00 46.61 4.76 954.72 Depreciation expense for the year.................... 19.37 389.13 37.69 1.40 30.86 4.04 482.49 Foreign exchange translation differences......... 0.05 (5.38) (13.63) — (2.45) 0.11 (21.30) Deductions........................................................... — (71.61) (3.42) (0.16) (2.92) (1.40) (79.51) Disposal of subsidiaries....................................... — — (20.05) — — — (20.05) Impairment losses recognised in the consolidated statement of profit and loss*...... — — 4.34 — — — 4.34 Balance as at 31 st March, 2022 . ......................... 41.51 1,001.89 193.44 4.24 72.10 7.51 1,320.69 NET CARRYING AMOUNT Net carrying amount as at 31 st March, 2021. ... 572.92 2,064.77 116.88 8.17 81.19 8.58 2,852.51 Net carrying amount as at 31 st March, 2022 .... 721.64 2,194.47 132.94 6.48 106.56 7.56 3,169.65 * Impairment losses are recognised in the consolidated statement of profit and loss as a part of exceptional items. 4. Property, Plant and Equipment (contd.)