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

282 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 3. Liquidity Risk Management (a) Maturity profile of non-derivative financial liabilities The following tables detail the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. The tables include both interest and principal cash flows. Rupees crores Particulars Less than 1 Year 1-3 Years 3 Years to 5 Years 5 Years and above As at 31 st March, 2023 Short term borrowings - Principal............................................................................. 2,312.17 — — — Short term borrowings - Interest............................................................................... 17.29 — — — Long term borrowings - Principal............................................................................... — 1,276.01 555.55 500.00 Long term borrowings - Interest................................................................................ 162.41 232.60 113.04 1,683.68 Lease liabilities......................................................................................................................... 127.96 204.50 72.88 29.27 Trade payables......................................................................................................................... 17,145.62 — — — Other Financial Liabilities................................................................................................. 1,350.57 221.76 96.92 319.92 Financial Guarantees........................................................................................................... 697.33 — — — Total ............................................................................................................................................... 21,813.35 1,934.87 838.39 2,532.87 As at 31 st March, 2022 Short term borrowings - Principal............................................................................. 816.24 — — — Short term borrowings - Interest............................................................................... 14.38 — — — Long term borrowings - Principal............................................................................... — 3,643.15 1,511.83 526.55 Long term borrowings - Interest................................................................................ 358.42 380.14 155.29 1,730.94 Lease liabilities......................................................................................................................... 85.74 126.74 48.31 23.61 Trade payables......................................................................................................................... 12,970.13 — — — Other Financial Liabilities................................................................................................. 1,183.78 222.84 123.05 286.97 Financial Guarantees........................................................................................................... 889.42 — — — Total ............................................................................................................................................... 16,318.12 4,372.87 1,838.48 2,568.07 The amounts included above for financial guarantee contracts are the maximum amounts the Company could be forced to settle under the arrangement for the full guaranteed amount if that amount is claimed by the counterparty to the guarantee. Based on expectations at the end of the reporting period, the Company considers that it is more likely than not that such an amount will not be payable under the arrangement. (b) Maturity profile of derivative financial liabilities The following table details the Company’s liquidity analysis for its derivative financial liabilities other than derivatives on Interest in Subsidiaries, Associates and Joint Ventures. When the amount payable is not fixed, the amount disclosed has been determined by reference to the projected interest rates as illustrated by the yield curves at the end of the reporting period. Rupees crores Particulars Less than 1 Year 1-3 Years 3 Years to 5 Years As at 31 st March, 2023 .............................................................................................................................................. 89.23 — — As at 31 st March, 2022.................................................................................................................................................. 22.37 — — 4. Offsetting of balances: The Company has not offset financial assets and financial liabilities. 5. Collaterals 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 book debts, receivables, outstanding monies and all other current assets. 38. Financial instruments (contd.)