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

364 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 40. Related Party Disclosures (contd.) (b) The related party transactions are as under: (contd.) Rupees crores Sr. No. Nature of Transactions For the Year Ended 31 st March Associates/ Associates of Subsidiaries/ Subsidiaries of Associate Joint Ventures/ Joint Ventures of Subsidiaries KMP/KMP Exercising Significant Influence/ close member of KMP Close members of KMP and Entities controlled/ jointly controlled by KMP Entity belonging to Promoter/ Promoter Group holding 10% or more in the company Welfare Funds 12. Outstandings: Trade and other payable........ 2022 460.22 114.21 3.18 0.05 — — 2021 499.92 16.39 4.49 — — — Trade and other receivables.... 2022 104.82 80.75 0.96 0.01 — 32.45 2021 137.05 225.15 8.07 1.90 — 54.13 Debentures/preference shares issued by parties...................... 2022 — 84.07 — — — — 2021 1.00 98.14 — — — — Debentures issued to parties.... 2022 — 54.71 — — — — 2021 150.00 54.71 — — — — Inter corporate deposits given......................................... 2022 — 100.92 — — — — 2021 — 73.43 — — — — Inter corporate deposits taken. ....................................... 2022 200.90 17.55 — — — — 2021 510.90 17.55 — — — — 13. Security deposit paid............... 2022 0.02 0.89 — — — — 2021 0.02 0.89 — — — — 14. Guarantees given outstanding... 2022 521.98 42.25 — — — — 2021 529.68 42.88 — — — — * denotes amounts less than Rs. 50,000. ** includes sitting fees and commission paid/payable to Khaitan & Co., in which Mr. Haigreve Khaitan is a partner. 41. Segment Information Operating Segments The reportable segments of the Group are Automotive, Farm Equipment, Financial Services, Real Estate, Hospitality and Others. The segments are largely organised and managed separately according to the organisation structure that is designed based on the nature of products and services and profile of customers. Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker. Description of the each of the reportable segments is as under: Automotive: This segment comprises of sale of automobiles, spares, mobility solutions, construction equipments and related services. Farm Equipment: This segment comprises of sale of tractors, implements, spares and related services. Financial Services: This segment comprises of offering financial products ranging from retail and other loans, SME finance, housing finance, mutual funds and life and non-life insurance broking services. Real Estate: This segment comprises of projects, project management & development and operating of commercial complexes. Hospitality: This segment comprises of sale of timeshare and vacation ownership. Others: This segment mainly comprises of IT Services, after-market, defence, steel trading and processing, logistics, solar, powerol, agri business, two-wheelers, etc. The Chief Operating Decision Maker (“CODM”) evaluates the companies performance and allocates resources based on an analysis of various performance indicators by operating segments. The CODM reviews revenue and gross profit as the performance indicator for all of the operating segments. The measurement of each segment’s revenues, expenses, assets and liabilities is consistent with the accounting policies that are used in preparation of the consolidated financial statements. Segment result represents the profit before interest and tax without allocation of central administration costs, share of profit / (loss) of associates and joint ventures.