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

253 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 5. Capital work-in-progress (CWIP) (contd.) Ageing of capital work in progress Rupees crores Particulars Amount in CWIP for a period of Less than 1 year 1-2 years 2-3 years More than 3 years Total As at 31 st March, 2023: Projects in progress ................................................................................................................................... 721.25 127.15 29.82 72.05 950.27 (a) Projects temporarily suspended : Exceeded cost or overdue........................... — — — — — (b) Projects temporarily suspended : Other than covered in above (a)............. — — — — — Total ....................................................................................................................................................................... 721.25 127.15 29.82 72.05 950.27 As at 31 st March, 2022: Projects in progress ................................................................................................................................... 1,019.01 325.74 237.09 42.43 1,624.27 (a) Projects temporarily suspended : Exceeded cost or overdue........................... — — — — — (b) Projects temporarily suspended : Other than covered in above (a)............. — — — — — Total ..................................................................................................................................................................... 1,019.01 325.74 237.09 42.43 1,624.27 # Impairment losses are recognised in the standalone statement of profit and loss as a part of exceptional items.[Refer Note 33] 6. Intangible Assets Rupees crores Particulars Development Expenditure (Internally Generated) Brand Licences Computer Software Others (refer note b) Total Cost Balance as at 1 st April, 2021 .................................................................. 5,405.68 134.05 81.49 68.10 5,689.32 Acquisitions through business combinations [Refer note 44 (B)] ............................................................................................ 241.40 — 25.66 — 267.06 Additions/Transfer from Intangibles assets under development during the year...................................................................... 1,221.89 — 5.51 — 1,227.40 Deductions/Transfer during the year .................................................... 1,180.95 — 7.95 — 1,188.90 Balance as at 31 st March, 2022 .......................................................... 5,688.02 134.05 104.71 68.10 5,994.88 Balance as at 1 st April, 2022 ................................................................ 5,688.02 134.05 104.71 68.10 5,994.88 Additions/Transfer from Intangibles under development during the year...................................................................... 2,950.61 — 21.06 1.33 2,973.00 Deductions during the year........................................................................... 571.95 — 16.87 — 588.82 Reclassified as held for sale......................................................................... 119.97 — 14.29 — 134.26 Balance as at 31 st March, 2023 .......................................................... 7,946.71 134.05 94.61 69.43 8,244.80 Accumulated amortisation & impairment Balance as at 1 st April, 2021 .................................................................. 3,266.67 25.72 74.05 3.18 3,369.62 Acquisitions through business combinations [Refer note 44 (B)].............................................................................................. 202.99 — 14.73 — 217.72 Amortisation expense for the year.......................................................... 919.64 4.31 11.08 0.04 935.07 Deductions/Transfer during the year..................................................... 1,180.94 — 7.95 — 1,188.89 Impairment during the year $..................................................................... 0.32 — — — 0.32 Balance as at 31 st March, 2022 ............................................................ 3,208.68 30.03 91.91 3.22 3,333.84 Balance as at 1 st April, 2022 .................................................................. 3,208.68 30.03 91.91 3.22 3,333.84 Amortisation expense for the year.......................................................... 1,249.79 4.31 14.24 0.04 1,268.39 Impairment during the year #..................................................................... 372.75 — 0.46 — 373.21 Deductions during the year........................................................................... 571.95 — 16.87 — 588.82 Reclassified as held for sale......................................................................... 62.72 — 5.18 — 67.90 Balance as at 31 st March, 2023 ............................................................ 4,196.55 34.34 84.56 3.26 4,318.72 Net carrying amount Net carrying amount as at 31 st March, 2022.................................. 2,479.34 104.02 12.80 64.88 2,661.04 Net carrying amount as at 31 st March, 2023 ........................... 3,750.16 99.71 10.05 66.17 3,926.08 Notes:- a. Additions during the year includes Borrowing costs capitalised Rs. 72.21 crores (2022 : Rs. 70.25 crores). b. Others include trade marks, transferable development rights etc. $ 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]