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

333 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Break-up of net carrying amount of property, plant and equipment is as follows: Rupees crores Particulars 2023 2022 a) Owned Assets ........................................................................................................................................................................................................................ 16,638.42 18,732.61 b) Right-of-use assets................................................................................................................................................................................................................. 3,712.91 3,169.65 Total .............................................................................................................................................................................................................................................................. 20,351.33 21,902.26 5. Capital Work-in-Progress Rupees crores Particulars 2023 2022 Balance at the beginning of the year.................................................................................................................................................................................... 3,036.10 4,477.64 Additions during the year (including interest capitalised)....................................................................................................................................... 2,682.44 4,291.06 Business combinations (net)......................................................................................................................................................................................................... (69.10) (0.39) Transfer to property, plant and equipment........................................................................................................................................................................ (4,390.23) (5,717.30) Foreign exchange translation differences........................................................................................................................................................................... 1.82 (2.85) Hyperinflation adjustment.............................................................................................................................................................................................................. 19.01 — Impairment losses recognised *.................................................................................................................................................................................................. (57.38) (12.06) Balance at the end of the year ........................................................................................................................................................................................... 1,222.66 3,036.10 * Impairment losses are recognised in the consolidated statement of profit and loss as a part of exceptional items. Ageing of capital work-in-progress Rupees crores Amount in Capital work-in-progress for a period of Particulars Less than 1 year 1-2 years 2-3 years More than 3 years Total As at 31 st March, 2023: Projects in progress ................................................................................................................................... 927.40 145.63 39.05 110.58 1,222.66 Total ..................................................................................................................................................................... 927.40 145.63 39.05 110.58 1,222.66 As at 31 st March, 2022: Projects in progress ................................................................................................................................... 2,341.53 379.59 248.57 66.41 3,036.10 Total ..................................................................................................................................................................... 2,341.53 379.59 248.57 66.41 3,036.10 4. Property, Plant and Equipment (contd.)