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

356 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 31. Other Expenses Rupees crores Particulars 2023 2022 Stores consumed.................................................................................................................................................................................................................................... 579.51 273.86 Tools consumed....................................................................................................................................................................................................................................... 78.54 57.09 Power & fuel.............................................................................................................................................................................................................................................. 830.48 541.27 Rent including lease rentals @..................................................................................................................................................................................................... 323.82 271.95 Insurance....................................................................................................................................................................................................................................................... 195.04 183.15 Repairs and maintenance.................................................................................................................................................................................................................. 715.40 641.94 Advertisement........................................................................................................................................................................................................................................... 652.97 556.16 Commission on sales /contracts (net)...................................................................................................................................................................................... 491.77 241.96 Freight outward....................................................................................................................................................................................................................................... 4,863.83 3,865.75 Sales promotion expenses............................................................................................................................................................................................................... 551.29 486.71 Travelling and conveyance expenses........................................................................................................................................................................................ 603.15 371.99 Cost of projects....................................................................................................................................................................................................................................... 607.90 558.30 Subcontracting, hire and service charges............................................................................................................................................................................. 1,857.07 1,593.08 Provision for expected credit losses including write offs (net) $........................................................................................................................ 1,287.53 2,758.51 Miscellaneous expenses #................................................................................................................................................................................................................ 3,679.45 2,896.07 Total ................................................................................................................................................................................................................................................................ 17,317.75 15,297.79 @ Short term leases and low value leases recognised as an expense for the year ended 31 st March, 2023 is aggregating to Rs. 306.10 crores (2022: Rs. 250.52 crores) and Rs. 17.72 crores (2022: Rs. 21.43 crores) respectively. # Miscellaneous expenses includes gain on net monetary position for the year ended 31 st March, 2023 is aggregating to Rs. 32.02 crores (2022: Rs. Nil). $ Break-up of expected credit loss recognised during the year is as follows:- Rupees crores Particulars 2023 2022 Expected credit loss on: – Trade receivables........................................................................................................................................................................................................................ 85.32 38.04 – Contract assets........................................................................................................................................................................................................................... 0.48 0.84 – Financial services receivable.............................................................................................................................................................................................. 1,203.79 2,725.50 – Other financial assets............................................................................................................................................................................................................. (2.06) (5.87) Total ................................................................................................................................................................................................................................................................ 1,287.53 2,758.51