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

359 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 39. Investment in Joint Arrangements and Associates (contd.) Summarised financial information in respect of the Group’s material associate is set out below Rupees crores Particulars Tech Mahindra Limited - Consolidated 2022 2021 Current assets Cash and cash equivalents..................................................................................................................................................... 3,788.90 2,690.40 Other assets. ........................................................................................................................................................................... 20,666.76 22,569.53 Total current assets. ............................................................................................................................................................... 24,455.66 25,259.93 Total Non-current assets........................................................................................................................................................ 20,415.09 14,418.09 Current liabilities Financial liabilities.................................................................................................................................................................. 8,875.54 6,772.30 Other Liabilities...................................................................................................................................................................... 4,859.70 4,735.63 Total current liabilities........................................................................................................................................................... 13,735.24 11,507.93 Total Non-current liabilities................................................................................................................................................... 3,754.40 2,925.60 Non-controlling interest. ....................................................................................................................................................... 495.40 379.50 Revenue from Operations. .................................................................................................................................................... 44,645.98 37,855.11 Interest Income....................................................................................................................................................................... 90.40 325.40 Depreciation and amortisation............................................................................................................................................. 1,520.40 1,457.70 Interest Cost............................................................................................................................................................................ 162.60 174.00 Income tax expense................................................................................................................................................................ 1,822.00 1,599.90 Profit/(Loss) for the year........................................................................................................................................................ 5,630.08 4,353.01 Other Comprehensive Income/(Loss) for the year............................................................................................................... 231.20 423.70 Total Other Comprehensive Income for the year................................................................................................................ 5,861.28 4,776.71 Tech Mahindra Limited’s Principal Activity - Information Technology (IT) and IT Enabled Services Reconciliation of the above summarised financial information to the carrying amount of the interest in the associate recognised in the consolidated financial statements: Rupees crores Particulars Tech Mahindra Limited - Consolidated 2022 2021 Closing Net assets .................................................................................................................................................................. 26,885.71 24,864.99 Group’s share in %................................................................................................................................................................. 28.28% 28.81% Group’s share.......................................................................................................................................................................... 7,603.28 7,163.60 Goodwill.................................................................................................................................................................................. 540.83 549.31 Carrying amount. ................................................................................................................................................................... 8,144.11 7,712.91 Market Value.......................................................................................................................................................................... 37,219.47 24,959.45