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

316 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 8. Intangible assets under development Ageing of intangible assets under development Rupees crores Amount in Intangibles assets under development for a period of Intangibles under development Less than 1 year 1-2 years 2-3 years More than 3 years Total As at 31 st March, 2022: Projects in progress....................................................................................... 1,377.76 670.84 859.57 758.54 3,666.71 Total ................................................................................................................ 1,377.76 670.84 859.57 758.54 3,666.71 As at 31 st March, 2021: Projects in progress....................................................................................... 973.17 1,323.70 733.27 364.83 3,394.97 Total ................................................................................................................ 973.17 1,323.70 733.27 364.83 3,394.97 9. Investments A. Non-Current Investments a) Measured as per equity accounting method Rupees crores Particulars 2022 2021 Quoted Investments in Equity Instruments — of Associates*. ............................................................................................................................................................. 9,837.34 9,151.61 Total ................................................................................................................................................................................... 9,837.34 9,151.61 Unquoted Investments in Equity Instruments — of Associates*. ............................................................................................................................................................. 1,427.85 1,344.78 — of Joint ventures*. ...................................................................................................................................................... 1,884.51 1,759.83 Total ................................................................................................................................................................................... 3,312.36 3,104.61 Investments measured as per equity accounting method ........................................................................................... 13,149.70 12,256.22 * Refer note 39. b) Measured as per other than equity accounting method Rupees crores Particulars Amortised Cost FVTOCI FVTPL Total 2022 2021 2022 2021 2022 2021 2022 2021 Quoted Investments in Non Convertible Debentures/Bonds. ................................ 26.10 26.03 262.04 262.15 — — 288.14 288.18 Investments in Government Securities. 1,270.68 1,257.79 4,070.25 4,448.73 — — 5,340.93 5,706.52 Investments in Equity Instruments....... — — 219.44 239.85 0.24 — 219.68 239.85 1,296.78 1,283.82 4,551.73 4,950.73 0.24 — 5,848.75 6,234.55 Unquoted Investments in Preference Shares — of Associates *.................................. — 5.91 — — — — — 5.91 — of Joint ventures *........................... — — — — 8.95 8.44 8.95 8.44 — of Other entities............................... 0.03 0.03 — — — — 0.03 0.03 Investments in Debentures/Bonds — of Joint ventures *........................... — — — — 61.18 84.56 61.18 84.56 — of Other entities............................... 10.56 — — — — — 10.56 — Investments in Alternate Investment Fund........................................................ — — — — 24.75 11.75 24.75 11.75 Investments in Equity Instruments....... — — 86.70 131.13 19.93 13.25 106.63 144.38 10.59 5.94 86.70 131.13 114.81 118.00 212.10 255.07 Total ........................................................ 1,307.37 1,289.76 4,638.43 5,081.86 115.05 118.00 6,060.85 6,489.62 Rupees crores Other Disclosures : 2022 2021 Aggregate amount of quoted investments (Gross) ....................................................................................... 15,686.09 15,386.16 Market Value of quoted Investments ............................................................................................................. 46,117.60 34,421.25 Aggregate amount of unquoted investments (Gross) .................................................................................. 3,524.46 3,359.68 * Refer note 39.