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

264 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 b) Short Term Borrowings (contd.) Reconciliation of movement in borrowings to cash flows from financing activities Rupees crores Particulars 2023 2022 Opening balance – Long Term Borrowings.......................................................................................................................................................................................................... 5,681.53 6,989.84 – Short Term Borrowings........................................................................................................................................................................................................ 816.24 672.50 – Unclaimed matured Deposits........................................................................................................................................................................................... 0.07 0.09 Total Opening Balance .......................................................................................................................................................................................................... 6,497.84 7,662.43 a) Acquisitions through business combinations [Refer Note 44 (B)]............................................................................................................ — 288.79 b) Cash flow movements – Proceeds from borrowings.................................................................................................................................................................................... — 966.61 – Repayment of borrowings...................................................................................................................................................................................... (1,861.43) (2,514.72) (1,861.43) (1,548.11) c) Non-cash movements – Effect of amortisation of loan origination costs.................................................................................................................................... 7.33 19.05 – Foreign exchange translation.............................................................................................................................................................................. — 3.93 – Forward contract adjustment.............................................................................................................................................................................. — 71.75 7.33 94.73 Closing Balance – Long Term Borrowings.......................................................................................................................................................................................................... 2,331.56 5,681.53 – Short Term Borrowings (other than loans repayable on demand)........................................................................................................ 2,312.17 816.24 – Unclaimed matured Deposits........................................................................................................................................................................................... 0.01 0.07 Total Closing Balance ............................................................................................................................................................................................................ 4,643.74 6,497.84 19. Other Financial Liabilities Rupees crores Particulars Non-Current Current 2023 2022 2023 2022 Carried at Amortised Cost: Interest accrued and not due on borrowings................................................................................. — — 177.77 182.75 Unclaimed dividends......................................................................................................................................... — — 17.18 17.16 Unclaimed matured deposits and interest accrued thereon............................................... — — 0.01 0.07 Security Deposits................................................................................................................................................ 90.43 86.07 — — Other liabilities ................................................................................................................................................... 559.42 562.66 1,338.02 1,151.96 Carried at Fair Value: Derivative financial Liabilities..................................................................................................................... — — 89.23 22.37 Derivatives on Interest in Subsidiaries, Associates and Joint Ventures....................... 28.51 34.39 — 22.22 Total other financial liabilities ............................................................................................................. 678.36 683.12 1,622.21 1,396.52 Other liabilities include salaries and wages payable, capital creditors, brand licenses payable, monies adjusted from share capital and other equity on account of shares held by M&M ESOP Trust pending transfer to the eligible employees. 18. Borrowings (contd.)