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

252 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 4. Property, Plant and Equipment (contd.) (b) Right of use assets Rupees crores Particulars Land Buildings Others (refer note below) Total Cost Balance as at 1 st April, 2021 ........................................................................................................... 415.45 77.83 106.90 600.18 Acquisitions through business combinations [Refer note 44 (B)] ............................. 36.84 — — 36.84 Additions during the year ...................................................................................................................... 95.95 13.08 144.51 253.54 Deductions during the year .................................................................................................................. — 12.32 0.45 12.77 Balance as at 31 st March, 2022 ..................................................................................................... 548.24 78.59 250.96 877.79 Balance as at 1 st April, 2022 ......................................................................................................... 548.24 78.59 250.96 877.79 Additions during the year ...................................................................................................................... 100.26 44.96 178.41 323.63 Deductions during the year .................................................................................................................. — 7.56 8.10 15.66 Balance as at 31 st March, 2023 ..................................................................................................... 648.50 115.99 421.27 1,185.76 Accumulated amortisation Balance as at 1 st April, 2021 ........................................................................................................... 10.16 37.95 33.32 81.43 Acquisitions through business combinations [Refer note 44 (B)] ............................. 0.75 — — 0.75 Amortisation expense for the year.................................................................................................. 6.50 17.75 28.37 52.62 Deductions during the year .................................................................................................................. — 10.41 0.14 10.55 Balance as at 31 st March, 2022 ..................................................................................................... 17.41 45.29 61.55 124.25 Balance as at 1 st April, 2022 ......................................................................................................... 17.41 45.29 61.55 124.25 Amortisation expense for the year................................................................................................... 8.37 26.99 69.97 105.33 Deductions during the year.................................................................................................................... — 7.33 4.88 12.21 Impairment during the year #.............................................................................................................. — — 4.96 4.96 Balance as at 31 st March, 2023 ..................................................................................................... 25.78 64.95 131.60 222.33 Net carrying amount Net carrying amount as at 31 st March, 2022 ......................................................................... 530.83 33.30 189.41 753.54 Net carrying amount as at 31 st March, 2023 .................................................................. 622.72 51.04 289.67 963.43 Note: Others include Plant & Equipment, Vehicles and Furniture & Fixtures. # Impairment losses are recognised in the standalone statement of profit and loss as a part of exceptional items. [Refer Note 33] 5. Capital-work-in-progress (CWIP) Rupees crores Particulars 2023 2022 Cost Opening Balance 1,624.27 2,891.23 Additions during the year.................................................................................................................................................................................................................. 2,308.18 2,199.19 Addition during the year - due to interest capitalisation............................................................................................................................................ 39.49 117.35 Acquisitions through business combinations [Refer note 44 (B)]......................................................................................................................... — 124.74 Total Additions during the year ............................................................................................................................................................................................... 2,347.67 2,441.28 Deletions during the year Transfer to property, plant and equipment........................................................................................................................................................................... 2,952.78 3,708.21 Deletions during the year.................................................................................................................................................................................................................. 0.19 0.03 Reclassified as held for sale............................................................................................................................................................................................................ 11.33 — Impairment during the year #........................................................................................................................................................................................................ 57.38 — Total Deletions during the year .............................................................................................................................................................................................. 3,021.68 3,708.24 Closing Balance ...................................................................................................................................................................................................................................... 950.27 1,624.27