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

260 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 12. Inventories Rupees crores Particulars 2023 2022 Raw Materials and Bought-out Components [includes in transit Rs. 400.29 crores ; 2022 : Rs. 122.17 crores]................ 4,381.05 2,544.76 Work-in-Progress..................................................................................................................................................................................................................................... 158.73 136.83 Finished Goods.......................................................................................................................................................................................................................................... 2,849.85 2,222.70 Stock-in-Trade [includes in transit Nil ; 2022 : Rs. 0.31 crores]............................................................................................................................. 747.54 587.04 Manufactured Components.............................................................................................................................................................................................................. 461.14 280.50 Stores and Spares.................................................................................................................................................................................................................................. 204.56 124.97 Tools ................................................................................................................................................................................................................................................................. 78.48 73.59 Total Inventories .................................................................................................................................................................................................................................. 8,881.35 5,970.39 (a) The amount of inventories recognised as an expense is Rs. 72,365.57 crores (2022 : Rs. 48,490.27 crores) including Rs. 200.56 crores (2022 : Rs. 75.94 crores) in respect of write-down of inventories to net realisable value, and has been reduced by Rs. 95.45 crores (2022 : Rs. 63.73 crores) in respect of the reversal of such write downs. Reversal in provision is due to sale and/or consumption of inventories provided for in earlier years. (b) The Company has availed working capital facilities and other non-fund based facilities viz. bank guarantees and letters of credit, some of which are secured by hypothecation of inventories. (c) Method of valuation of inventories is stated in Note 2(h). 13. Trade Receivables Rupees crores Particulars 2023 2022 Unsecured, considered good........................................................................................................................................................................................................... 4,041.73 3,028.87 Credit impaired......................................................................................................................................................................................................................................... 226.60 248.85 4,268.33 3,277.72 Less: Loss Allowance [(Refer Note 38 - 2(b)]. .................................................................................................................................................................. 226.60 239.15 Total Trade Receivables ................................................................................................................................................................................................................ 4,041.73 3,038.57 Ageing of trade receivables Rupees crores Particulars Outstanding for following periods from due date of payment Not due Less than 6 months 6 months - 1 year 1-2 years 2-3 years More than 3 years Total As at 31 st March, 2023 Undisputed trade receivables - considered good ................ 1,440.02 2,450.54 84.53 36.56 16.89 13.19 4,041.73 Undisputed trade receivables - credit impaired .................... — 2.34 15.80 9.66 34.88 66.25 128.93 Disputed trade receivables - credit impaired .......................... — 0.01 2.10 12.47 10.73 72.36 97.67 1,440.02 2,452.89 102.43 58.69 62.50 151.80 4,268.33 Less: Loss Allowance [Refer Note 38 - 2(b)] .......................... (226.60) Total ................................................................................................................... 4,041.73 As at 31 st March, 2022 Undisputed trade receivables - considered good ................ 1,158.22 1,616.20 111.19 60.75 40.79 41.72 3,028.87 Undisputed trade receivables - credit impaired .................... — 1.34 34.83 69.50 25.31 38.20 169.18 Disputed trade receivables - credit impaired .......................... — 0.20 16.21 8.07 9.67 45.52 79.67 1,158.22 1,617.74 162.23 138.32 75.77 125.44 3,277.72 Less: Loss Allowance ................................................................................ (239.15) Total ................................................................................................................... 3,038.57