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

350 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 19. Borrowings (contd.) Reconciliation of movement in borrowings and lease liabilities to cash flow from financing activities Rupees crores Particulars 2023 2022 Opening balance – Long term borrowings........................................................................................................................................................................................................... 48,625.06 52,778.37 – Non Current lease liabilities.............................................................................................................................................................................................. 2,432.55 2,128.19 – Short term borrowings......................................................................................................................................................................................................... 26,042.12 25,180.00 – Current lease liabilities......................................................................................................................................................................................................... 505.48 538.27 – Unclaimed matured deposits............................................................................................................................................................................................ 11.31 5.52 Total Opening Balance .......................................................................................................................................................................................................... 77,616.52 80,630.35 Cash flow movements – Proceeds from borrowings................................................................................................................................................................................................. 55,622.41 53,879.94 – Repayment of borrowings.................................................................................................................................................................................................. (37,572.29) (56,937.78) – Net increase in Loans repayable on demand and cash credit ................................................................................................................ 516.71 (285.21) – Repayment of lease liabilities ........................................................................................................................................................................................ (750.78) (583.23) 17,816.05 (3,926.28) Non-cash movements – Addition to lease liabilities during the year ......................................................................................................................................................... 1,078.77 779.94 – On account of acquisition /(disposal) of subsidiaries (net) ....................................................................................................................... (4,620.31) 101.44 – Forward contract adjustments........................................................................................................................................................................................ — 71.75 – Other adjustments................................................................................................................................................................................................................... 155.09 124.69 – Effect of amortisation of loan origination costs and foreign exchange translation................................................................. 205.61 (165.37) (3,180.84) 912.45 Closing Balance – Long Term Borrowings.......................................................................................................................................................................................................... 55,027.39 48,625.06 – Non Current lease liabilities.............................................................................................................................................................................................. 2,882.50 2,432.55 – Short Term Borrowings........................................................................................................................................................................................................ 33,739.62 26,042.12 – Current lease liabilities......................................................................................................................................................................................................... 597.34 505.48 – Unclaimed matured Deposits........................................................................................................................................................................................... 4.88 11.31 Total Closing Balance ............................................................................................................................................................................................................ 92,251.73 77,616.52 20. Trade Payables Rupees crores Particulars Non Current Current 2023 2022 2023 2022 Acceptances............................................................................................................................................................ — — 1,336.47 1,570.69 Trade payable — Micro and small enterprises................................................................................ — — 363.63 195.51 Trade payable — Other than micro and small enterprises................................................... 0.04 1.55 22,135.56 17,270.35 Total ............................................................................................................................................................................ 0.04 1.55 23,835.66 19,036.55