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

356 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Rupees crores Sr. No. Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of Ownership Interest and voting rights held by non controlling interests Profit/(Loss) from Continuing Operations allocated to non controlling interest Accumulated non Controlling Interest 2022 2021 2022 2021 2022 2021 1 Mahindra & Mahindra Financial Services Limited................................. India 47.74% 47.69% 583.60 390.19 8,278.02 7,694.92 2 Individually Immaterial Non Controlling Interest................... 92.09 (35.68) 1,424.60 1,375.39 Total .................................................... 675.69 354.51 9,702.62 9,070.31 Mahindra & Mahindra Financial Services Limited’s Principal Activity - Financing and leasing of automobiles, tractors, commercial vehicles, SMEs and housing finance. (c) Summarised financial information in respect of each of the Group’s subsidiaries that has material non-controlling interests is set out below. The summarised financial information below represents amounts based on their consolidated financial statements. Rupees crores Particulars Mahindra & Mahindra Financial Services Limited 2022 2021 Current Assets...................................................................................................................................................................... 36,247.94 38,363.34 Non Current Assets.............................................................................................................................................................. 47,560.71 47,237.65 Current Liabilities................................................................................................................................................................ 26,024.00 25,362.03 Non Current Liabilities........................................................................................................................................................ 40,746.88 44,363.44 Equity Interest Attributable to the owners...................................................................................................................... 16,896.31 15,776.37 Non Controlling Interest..................................................................................................................................................... 141.46 99.15 Revenue................................................................................................................................................................................ 11,400.51 12,170.50 Expenses............................................................................................................................................................................... 10,250.17 11,390.22 Profit/(Loss) for the year..................................................................................................................................................... 1,150.34 780.28 Profit/(Loss) attributable to the owners of the company................................................................................................ 1,136.87 773.21 Profit/(Loss) attributable to the Non-Controlling Interest............................................................................................... 13.47 7.07 Dividends paid to non controlling interest....................................................................................................................... 47.02 — Opening Cash & Cash Equivalents..................................................................................................................................... 808.53 782.60 Closing Cash & Cash Equivalents. ...................................................................................................................................... 765.32 808.53 Net Cash inflow/(outflow).................................................................................................................................................. (43.21) 25.93 38. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (contd.) (b) Details of Non-Wholly Owned Subsidiaries that have material Non Controlling Interest