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

324 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 15. Inventories Rupees crores Particulars 2022 2021 Raw materials and bought-out components [includes in-transit Rs. 641.01 crores (2021: Rs. 461.79 crores)]............................................................................ 4,491.90 3,357.03 Work-in-progress....................................................................................................................................................... 277.02 360.17 Work-in-progress-property development activity and long term contracts. ....................................................... 1,879.21 1,856.94 Finished products produced .................................................................................................................................... 3,268.45 2,717.90 Stock-in-trade [includes in-transit Rs. 3.93 crores (2021: Rs. 7.28 crores)] .......................................................... 1,110.29 935.93 Manufactured components...................................................................................................................................... 290.16 148.95 Stores and Spares ..................................................................................................................................................... 181.20 155.01 Loose Tools................................................................................................................................................................. 84.03 70.81 Food, beverages, smokes and operating supplies.................................................................................................. 13.56 12.67 Total ............................................................................................................................................................................ 11,595.82 9,615.41 (a) The cost of inventories recognised as an expense during the year was Rs. 58,327.89 crores (2021: Rs. 42,854.29 crores) (b) The cost of inventories recognised as an expense include Rs. 95.57 crores (2021: Rs.165.83 crores) in respect of write-down of inventories to net realisable value, and has been reduced by Rs. 64.14 crores (2021: Rs. 37.19 crores) in respect of the reversal of such write downs. (c) Certain companies in the Group have availed working capital facilities and other non-fund based facilities viz. bank guarantees and letters of credit, which are secured by hypothecation of inventories. (d) Mode of valuation of inventories is stated in Note 2 (i) 16. Cash and Cash Equivalents and Bank Balances Rupees crores Particulars 2022 2021 a) Cash and Cash Equivalents Balances with banks – On current accounts....................................................................................................................................... 2,031.57 2,449.75 – On saving accounts. ....................................................................................................................................... 0.03 0.03 – Fixed deposits with original maturity of less than 3 months. ................................................................... 1,290.58 758.88 Cheques, drafts on hand. ................................................................................................................................. 107.43 108.05 Cash on hand..................................................................................................................................................... 57.98 57.88 Total .................................................................................................................................................................... 3,487.59 3,374.59 b) Bank balances other than Cash and Cash Equivalents Earmarked balances with banks. ..................................................................................................................... 31.76 33.59 Balances with banks on margin accounts....................................................................................................... 32.09 59.60 Fixed deposits.................................................................................................................................................... 7,566.17 9,384.21 Total .................................................................................................................................................................... 7,630.02 9,477.40