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

331 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 4. Property, Plant and Equipment a) Owned assets Rupees crores Particulars Land Buildings Buildings - Leasehold Plant and Equipment Furniture and Fixtures Vehicles Aircraft Office Equipments Total COST Balance as at 1 st April, 2021 ...................................................... 1,117.02 5,670.51 56.81 22,080.34 794.02 811.84 57.22 404.85 30,992.61 Additions/Transfer from capital work-in-progress during the year ..................................................................................................... 117.02 889.46 0.68 4,904.16 104.49 154.25 — 53.71 6,223.77 Additions through business combinations .................................. 3.76 — — 53.71 0.95 1.00 — 0.64 60.06 Foreign exchange translation differences .................................. (39.86) (39.95) 0.18 (129.23) (8.00) 0.36 — (0.52) (217.02) Disposals ................................................................................................... (15.76) (22.03) (1.35) (722.87) (45.90) (112.08) — (28.77) (948.76) Disposal of subsidiaries ...................................................................... (13.88) (22.61) — (28.89) (11.98) (1.08) — — (78.44) Balance as at 31 st March, 2022 ................................................ 1,168.30 6,475.38 56.32 26,157.22 833.58 854.29 57.22 429.91 36,032.22 Balance as at 1 st April, 2022 ...................................................... 1,168.30 6,475.38 56.32 26,157.22 833.58 854.29 57.22 429.91 36,032.22 Additions /Transfer from capital work-in-progress during the year ..................................................................................................... 106.30 328.93 8.81 4,188.32 96.27 305.98 — 61.96 5,096.57 Additions through business combinations .................................. 142.59 60.99 — 183.37 4.08 1.49 — 3.83 396.35 Foreign exchange translation differences .................................. (1.04) 36.06 1.69 29.45 1.23 (1.18) — 2.03 68.24 Disposals ................................................................................................... (23.54) (48.73) (0.37) (282.06) (28.10) (137.36) — (35.72) (555.88) Disposal of subsidiaries ...................................................................... (214.38) (232.67) (0.32) (6,067.33) (3.96) (1.69) — (25.01) (6,545.36) Hyperinflation adjustment ................................................................ 63.96 60.49 0.81 333.36 11.26 0.26 — — 470.14 Balance as at 31 st March, 2023 ................................................ 1,242.19 6,680.45 66.94 24,542.33 914.36 1,021.79 57.22 437.00 34,962.28 ACCUMULATED DEPRECIATION AND IMPAIRMENT Balance as at 1 st April, 2021 ........................................................ 88.78 1,809.44 24.54 12,964.07 524.41 458.40 43.45 320.38 16,233.47 Depreciation expense for the year .............................................. — 182.14 6.08 1,622.12 68.76 131.01 2.63 39.61 2,052.35 Foreign exchange translation differences .................................. (5.89) (23.20) 0.15 (78.14) (5.37) 0.28 — (0.50) (112.67) Disposals ................................................................................................... — (12.82) (0.10) (687.53) (25.83) (91.21) — (28.56) (846.05) Disposal of subsidiaries ...................................................................... (13.88) (22.61) — (28.89) (11.98) (1.08) — — (78.44) Impairment losses recognised # ..................................................... 6.96 8.57 — 25.33 0.99 1.07 — 8.03 50.95 Balance as at 31 st March, 2022 ................................................ 75.97 1,941.52 30.67 13,816.96 550.98 498.47 46.08 338.96 17,299.61 Balance as at 1 st April, 2022 ......................................................... 75.97 1,941.52 30.67 13,816.96 550.98 498.47 46.08 338.96 17,299.61 Depreciation expense for the year .............................................. — 207.99 12.11 1,944.23 75.84 149.38 2.63 38.54 2,430.72 Foreign exchange translation differences .................................. (0.06) 24.72 0.93 40.25 1.04 (0.91) — 2.00 67.97 Disposals ................................................................................................... — (33.99) (0.37) (251.51) (23.04) (108.84) — (25.25) (443.00) Disposal of subsidiaries ........................................................................ — (223.20) (0.32) (1,306.47) (1.48) (1.31) — (22.78) (1,555.56) Impairment losses recognised * ...................................................... — — — 321.17 0.59 5.51 — 0.46 327.73 Hyperinflation adjustment ................................................................ — 28.37 0.20 162.46 5.14 0.22 — — 196.39 Balance as at 31 st March, 2023 ................................................... 75.91 1,945.41 43.22 14,727.09 609.07 542.52 48.71 331.93 18,323.86 NET CARRYING AMOUNT ................................................................. Net carrying amount as at 31 st March, 2022 .......................... 1,092.33 4,533.86 25.65 12,340.26 282.60 355.82 11.14 90.95 18,732.61 Net carrying amount as at 31 st March, 2023 ..................... 1,166.28 4,735.04 23.72 9,815.24 305.29 479.27 8.51 105.07 16,638.42 * Impairment losses are recognised in the consolidated statement of profit and loss as a part of exceptional items. # Out of impairment losses recognised in the consolidated statement of profit and loss, Rs. 49.48 crores and Rs. 1.47 crores has been recognised in exceptional items and depreciation and amortisation expense, respectively.