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

328 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Reconciliation of movement in borrowings and lease liabilities to cash flow from financing activities Rupees crores Particulars 2022 2021 Opening balance – Long term borrowings.................................................................................................................................... 52,778.37 49,999.23 – Non Current lease liabilities........................................................................................................................... 2,128.19 2,298.82 – Short term borrowings. .................................................................................................................................. 25,180.00 29,794.23 – Current lease liabilities. .................................................................................................................................. 538.27 474.73 – Unclaimed matured deposits. ........................................................................................................................ 5.52 5.32 Total Opening Balance ....................................................................................................................................... 80,630.35 82,572.33 Cash flow movements – Proceeds from borrowings. ............................................................................................................................ 53,879.94 38,100.37 – Repayment of borrowings.............................................................................................................................. (56,937.78) (35,772.09) – Net increase in Loans repayable on demand and cash credit ................................................................... (285.21) (1,733.29) – Repayment of lease liabilities ....................................................................................................................... (583.23) (552.98) (3,926.28) 42.01 Non-cash movements – Addition to lease liabilities during the year . .............................................................................................. 779.94 479.29 – On account of acquisition / disposal of subsidiary . .................................................................................... 101.44 (220.09) – On deconsolidation of subsidiary ................................................................................................................. — (2,446.74) – Forward contract adjustments. ...................................................................................................................... 71.75 — – Other adjustments........................................................................................................................................... 124.69 (8.92) – Effect of amortisation of loan origination costs and foreign exchange translation................................ (165.37) 212.47 912.45 (1,983.99) Closing Balance – Long Term Borrowings.................................................................................................................................... 48,625.06 52,778.37 – Non Current lease liabilities........................................................................................................................... 2,432.55 2,128.19 – Short Term Borrowings................................................................................................................................... 26,042.12 25,180.00 – Current lease liabilities. .................................................................................................................................. 505.48 538.27 – Unclaimed matured Deposits......................................................................................................................... 11.31 5.52 Total Closing Balance ......................................................................................................................................... 77,616.52 80,630.35 20. Trade Payables Rupees crores Particulars Non Current Current 2022 2021 2022 2021 Acceptances. ...................................................................................................... — — 1,570.69 1,432.20 Trade payable - Micro and small enterprises.................................................. — — 195.51 151.58 Trade payable - Other than micro and small enterprises.............................. 1.55 1.44 17,270.35 13,922.01 Total .................................................................................................................... 1.55 1.44 19,036.55 15,505.79 19. Borrowings (contd.)