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

332 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 b) Right-of-use assets Rupees crores Particulars Land Buildings Plant and Equipment Furniture and Fixtures Vehicles Office Equipments Total COST Balance as at 1 st April, 2021 595.01 2,754.52 305.39 11.17 127.80 13.34 3,807.23 Additions............................................................................................... 167.95 582.76 68.58 — 58.20 3.36 880.85 Acquisitions through business combinations.............. — 2.06 — — — — 2.06 Foreign exchange translation differences.................... 0.19 (22.60) (18.37) — (3.06) 0.17 (43.67) Deductions .......................................................................................... — (120.38) (9.17) (0.45) (4.28) (1.80) (136.08) Disposal of subsidiaries............................................................. — — (20.05) — — — (20.05) Balance as at 31 st March, 2022 ..................................... 763.15 3,196.36 326.38 10.72 178.66 15.07 4,490.34 Balance as at 1 st April, 2022 ........................................... 763.15 3,196.36 326.38 10.72 178.66 15.07 4,490.34 Additions............................................................................................... 115.26 988.32 68.94 — 9.19 1.19 1,182.90 Acquisitions through business combinations.............. — 61.80 0.24 — 0.72 — 62.76 Foreign exchange translation differences.................... 0.66 103.51 0.57 — (0.13) 0.75 105.36 Deductions .......................................................................................... (4.24) (219.32) (10.46) (0.44) (26.65) (2.34) (263.45) Disposal of subsidiaries............................................................. (139.90) (16.46) (0.29) — (3.02) — (159.67) Balance as at 31 st March, 2023 ..................................... 734.93 4,114.21 385.38 10.28 158.77 14.67 5,418.24 ACCUMULATED DEPRECIATION AND IMPAIRMENT Balance as at 1 st April, 2021 ........................................... 22.09 689.75 188.51 3.00 46.61 4.76 954.72 Depreciation expense for the year ................................. 19.37 389.13 37.69 1.40 30.86 4.04 482.49 Foreign exchange translation differences.................... 0.05 (5.38) (13.63) — (2.45) 0.11 (21.30) Deductions .......................................................................................... — (71.61) (3.42) (0.16) (2.92) (1.40) (79.51) Disposal of subsidiaries............................................................. — — (20.05) — — — (20.05) Impairment losses recognised *........................................... — — 4.34 — — — 4.34 Balance as at 31 st March, 2022 ..................................... 41.51 1,001.89 193.44 4.24 72.10 7.51 1,320.69 Balance as at 1 st April, 2022 ........................................... 41.51 1,001.89 193.44 4.24 72.10 7.51 1,320.69 Depreciation expense for the year ................................. 18.37 472.12 46.70 1.27 33.26 3.00 574.72 Foreign exchange translation differences.................... 0.25 34.60 2.48 — (0.07) 0.40 37.66 Deductions .......................................................................................... (3.93) (181.24) (9.45) (0.41) (9.72) (2.34) (207.09) Disposal of subsidiaries............................................................. (16.79) (6.77) (0.29) — (1.76) — (25.61) Impairment losses recognised *........................................... — — — — 4.96 — 4.96 Balance as at 31 st March, 2023 ..................................... 39.41 1,320.60 232.88 5.10 98.77 8.57 1,705.33 NET CARRYING AMOUNT Net carrying amount as at 31 st March, 2022........... 721.64 2,194.47 132.94 6.48 106.56 7.56 3,169.65 Net carrying amount as at 31 st March, 2023 .... 695.52 2,793.61 152.50 5.18 60.00 6.10 3,712.91 * Impairment losses are recognised in the consolidated statement of profit and loss as a part of exceptional items. 4. Property, Plant and Equipment (contd.)