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

313 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Consolidated Balance Sheet | as at 31 st March, 2023 Rupees crores Note 2023 2022 I. ASSETS NON-CURRENT ASSETS Property, plant and equipment....................................................................................................................................................................................................... 4 20,351.33 21,902.26 Capital work-in-progress...................................................................................................................................................................................................................... 5 1,222.66 3,036.10 Goodwill........................................................................................................................................................................................................................................................... 6 2,548.90 1,340.40 Other intangible assets........................................................................................................................................................................................................................ 7 4,239.75 2,775.83 Intangible assets under development........................................................................................................................................................................................ 8 2,745.92 3,666.71 Investments accounted using equity method...................................................................................................................................................................... 9 14,380.57 13,149.70 Financial assets (i) Investments................................................................................................................................................................................................................................... 9 6,625.93 6,060.85 (ii) Trade receivables....................................................................................................................................................................................................................... 10 282.60 309.43 (iii) Loans.................................................................................................................................................................................................................................................. 11 52,772.75 38,849.40 (iv) Other financial assets............................................................................................................................................................................................................ 12 3,353.97 2,206.65 Deferred tax assets (net).................................................................................................................................................................................................................... 13 1,615.46 1,724.31 Income tax assets (net)....................................................................................................................................................................................................................... 1,802.88 1,604.24 Other non-current assets................................................................................................................................................................................................................... 14 2,623.61 2,338.92 1,14,566.33 98,964.80 CURRENT ASSETS Inventories..................................................................................................................................................................................................................................................... 15 16,854.97 11,595.82 Financial assets (i) Investments................................................................................................................................................................................................................................... 9 14,265.92 10,849.88 (ii) Trade receivables....................................................................................................................................................................................................................... 10 7,028.02 6,373.95 (iii) Cash and cash equivalents................................................................................................................................................................................................. 16 3,493.41 3,487.59 (iv) Bank balances other than cash and cash equivalents................................................................................................................................... 16 7,780.02 7,630.02 (v) Loans.................................................................................................................................................................................................................................................. 11 34,684.81 29,242.26 (vi) Other financial assets............................................................................................................................................................................................................ 12 1,951.70 1,998.95 Other current assets.............................................................................................................................................................................................................................. 14 5,209.99 3,969.53 Assets classified as held for sale.................................................................................................................................................................................................. 56.60 - 91,325.44 75,148.00 TOTAL ASSETS ......................................................................................................................................................................................................................................... 2,05,891.77 1,74,112.80 II. EQUITY AND LIABILITIES EQUITY Equity share capital................................................................................................................................................................................................................................ 17 556.82 556.06 Other equity................................................................................................................................................................................................................................................. 55,808.97 46,566.58 Equity attributable to owners of the company.................................................................................................................................................................. 56,365.79 47,122.64 Non-controlling interests..................................................................................................................................................................................................................... 10,716.32 9,702.62 67,082.11 56,825.26 LIABILITIES NON-CURRENT LIABILITIES Financial liabilities (ia) Borrowings..................................................................................................................................................................................................................................... 19 55,027.39 48,625.06 (ib) Lease liabilities............................................................................................................................................................................................................................ 2,882.50 2,432.55 (ii) Trade payables Total outstanding dues of creditors other than micro enterprises and small enterprises............................................ 20 0.04 1.55 (iii) Other financial liabilities....................................................................................................................................................................................................... 21 1,370.45 1,406.04 Provisions....................................................................................................................................................................................................................................................... 22 1,815.95 1,497.99 Deferred tax liabilities (net).............................................................................................................................................................................................................. 13 1,608.64 1,786.10 Other non-current liabilities.............................................................................................................................................................................................................. 23 5,525.28 5,249.92 68,230.25 60,999.21 CURRENT LIABILITIES Financial liabilities (ia) Borrowings..................................................................................................................................................................................................................................... 19 33,739.62 26,042.12 (ib) Lease liabilities............................................................................................................................................................................................................................ 597.34 505.48 (ii) Trade payables 20 (a) Total outstanding dues of micro enterprises and small enterprises.................................................................................... 363.63 195.51 (b) Total outstanding dues of creditors other than micro enterprises and small enterprises................................... 23,472.03 18,841.04 (iii) Other financial liabilities....................................................................................................................................................................................................... 21 4,424.94 4,422.25 Other current liabilities........................................................................................................................................................................................................................ 23 6,176.38 4,921.72 Provisions....................................................................................................................................................................................................................................................... 22 1,189.48 968.19 Current tax liabilities (net)................................................................................................................................................................................................................. 615.99 392.02 70,579.41 56,288.33 TOTAL EQUITY AND LIABILITIES ............................................................................................................................................................................................... 2,05,891.77 1,74,112.80 The accompanying notes 1 to 49 are an integral part of the Consolidated Financial Statements Directors: Vikram Singh Mehta Vishakha N. Desai T. N. Manoharan Haigreve Khaitan Shikha Sharma Nisaba Godrej Muthiah Murugappan Vijay Kumar Sharma CP Gurnani (DIN - 00041197) (DIN - 05292671) (DIN - 01186248) (DIN - 00005290) (DIN - 00043265) (DIN - 00591503) (DIN - 07858587) (DIN - 02449088) (DIN - 00018234) In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No : 101248W/W-100022 Venkataramanan Vishwanath Partner Membership No : 113156 Mumbai, 26 th May, 2023 Anand G. Mahindra Chairman (DIN - 00004695) Anish Shah Managing Director and CEO (DIN - 02719429) Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sector) (DIN - 00046823) Manoj Bhat Group Chief Financial Officer Narayan Shankar Company Secretary (ACS No. 8666) Mumbai, 26 th May, 2023 For Mahindra & Mahindra Limited