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

271 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 30. Depreciation, amortisation and impairment expense Rupees crores Particulars 2023 2022 (a) Depreciation on Property, Plant and Equipment................................................................................................................................................... 1,752.64 1,505.86 (b) Amortisation on Right-of-use asset................................................................................................................................................................................ 105.33 52.62 (c) Amortisation on Intangible Assets................................................................................................................................................................................... 1,268.39 935.07 (d) Impairment of property, plant & equipment and intangible assets under development......................................................... 28.10 4.84 Total Depreciation, amortisation and impairment expense ............................................................................................................................ 3,154.46 2,498.39 31. Other Expenses Rupees crores Particulars 2023 2022 Advertisements........................................................................................................................................................................................................................................ 492.26 423.42 Freight outward....................................................................................................................................................................................................................................... 842.21 725.03 Stores consumed.................................................................................................................................................................................................................................... 275.35 194.39 Tools consumed....................................................................................................................................................................................................................................... 72.88 54.70 Power and Fuel........................................................................................................................................................................................................................................ 343.98 264.72 Repairs and Maintenance.................................................................................................................................................................................................................. 377.60 284.78 Sales promotion expenses............................................................................................................................................................................................................... 268.65 179.20 Legal and Professional charges [refer note (a)]............................................................................................................................................................... 412.80 427.36 Hire and Service charges.................................................................................................................................................................................................................. 1,463.00 1,174.53 Miscellaneous expenses [refer note (b), (c) & (d)].......................................................................................................................................................... 1,761.02 1,141.34 Total Other Expenses ...................................................................................................................................................................................................................... 6,309.75 4,869.47 (a) Auditors remuneration (Net of taxes where applicable) included in Legal and Professional charges are as below: Rupees crores Particulars 2023 2022 Statutory Auditors: Audit Fees (including quarterly limited reviews)................................................................................................................................................... 6.58 5.95 Other Services............................................................................................................................................................................................................................... 0.29 0.25 Reimbursement of expenses............................................................................................................................................................................................... 0.23 0.20 Total ..................................................................................................................................................................................................................................................... 7.10 6.40 Cost Auditors: Audit Fees......................................................................................................................................................................................................................................... 0.10 0.09 Total ..................................................................................................................................................................................................................................................... 0.10 0.09 (b) The foreign exchange (net) gain recognised in profit or loss is Rs. 58.74 crores (2022 : net gain of Rs. 95.70 crores). (c) Short term lease expenses recognised during the year is Rs. 44.16 crores (2022 : Rs. 37.76 crores). (d) Includes contribution to political parties Rs. 25.00 crores (2022 : Nil).