MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

251 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 4. Property, Plant and Equipment Property, plant and equipment comprise of owned and leased assets that do not meet the definition of Investment property. Rupees crores Particulars 2023 2022 (a) Property, plant and equipment (owned)......................................................................................................................................................................... 12,086.69 11,489.38 (b) Right of use assets....................................................................................................................................................................................................................... 963.43 753.54 Total ................................................................................................................................................................................................................................................................ 13,050.12 12,242.92 (a) Property, plant and equipment (owned) Rupees crores Particulars Land – Freehold Buildings Plant and Equipment Office Equipment Furniture and Fixtures Aircraft Vehicles Total Balance as at 1 st April, 2021 ........................................ 273.57 3,455.73 16,326.97 193.29 247.28 57.22 468.30 21,022.36 Acquisitions through business combinations [Refer note 44 (B)] .............................................................. 8.36 40.71 207.00 2.75 2.10 — 15.31 276.23 Additions/Transfer from CWIP during the year..... 59.33 806.66 2,790.61 12.72 11.70 — 27.16 3,708.18 Disposals/Transfer during the year .............................. 3.07 3.08 208.86 4.75 5.70 — 76.74 302.20 Balance as at 31 st March, 2022 .................................. 338.19 4,300.02 19,115.72 204.01 255.38 57.22 434.03 24,704.57 Balance as at 1 st April, 2022 ........................................ 338.19 4,300.02 19,115.72 204.01 255.38 57.22 434.03 24,704.57 Additions/Transfer from CWIP during the year..... 5.55 235.30 2,661.78 17.61 8.60 — 24.83 2,953.67 Disposals during the year..................................................... 12.95 35.05 169.64 6.10 10.28 — 89.49 323.51 Reclassified as held for sale............................................... 6.84 47.18 492.87 0.99 1.22 — 1.14 550.26 Balance as at 31 st March, 2023 .................................. 323.95 4,453.09 21,114.99 214.53 252.48 57.22 368.23 26,784.47 Accumulated depreciation & impairment Balance as at 1 st April, 2021 ........................................ — 999.75 10,187.31 155.10 181.91 43.45 281.99 11,849.51 Acquisitions through business combinations [Refer note 44 (B)] .............................................................. — 7.61 93.69 1.72 1.12 — 12.20 116.34 Depreciation expense for the year................................ — 120.75 1,293.07 11.39 14.14 2.63 63.88 1,505.86 Disposals/Transfer during the year .............................. — 1.58 183.80 4.53 5.29 — 62.78 257.98 Impairment during the year $........................................... — — 1.15 — — — 0.31 1.46 Balance as at 31 st March, 2022 .................................. — 1,126.53 11,391.42 163.68 191.88 46.08 295.60 13,215.19 Balance as at 1 st April, 2022 ........................................ — 1,126.53 11,391.42 163.68 191.88 46.08 295.60 13,215.19 Depreciation expense for the year................................ — 139.80 1,536.22 12.88 12.52 2.63 48.59 1,752.64 Impairment during the year #........................................... — — 321.17 0.46 0.59 — 5.51 327.73 Disposals during the year..................................................... — 26.11 144.90 5.86 9.44 — 74.70 261.01 Reclassified as held for sale............................................... — 14.80 320.19 0.63 1.01 — 0.14 336.77 Balance as at 31 st March, 2023 .................................. — 1,225.42 12,783.72 170.53 194.54 48.71 274.86 14,697.78 Net carrying amount Net carrying amount as at 31 st March, 2022........ 338.19 3,173.49 7,724.30 40.33 63.50 11.14 138.43 11,489.38 Net carrying amount as at 31 st March, 2023 . 323.95 3,227.67 8,331.27 44.00 57.94 8.51 93.37 12,086.69 Notes: a. Additions during the year includes borrowing costs capitalised Rs. 162.27 crores (2022 : Rs. 41.52 crores). b. Buildings include Rs. * crores (2022 : Rs. * crores) being the value of shares in co-operative housing societies. $ Impairment losses are recognised in the standalone statement of profit and loss as depreciation, amortisation and Impairment expenses. # Impairment losses are recognised in the standalone statement of profit and loss as a part of exceptional items.[Refer Note 33] * denotes amounts less than Rs. 50,000.