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

368 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 Quantitative Information of Collateral - Credit Impaired assets (Collateral Coverage - Value of collateral available to mitigate the credit exposure) Rupees crores Loan To Value (LTV) Range Gross Value of loans in stage 3 2023 2022 Upto 50% coverage........................................................................................................................................................................................................... 392.78 498.52 51 - 70% coverage............................................................................................................................................................................................................ 413.39 624.32 71 - 100% coverage......................................................................................................................................................................................................... 387.39 644.08 Above 100% coverage.................................................................................................................................................................................................... 3,300.36 4,021.70 4,493.92 5,788.62 (c) Liquidity risk management (i) Maturity profile of non-derivative financial liabilities The following table details the Group’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The table has been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. The table includes both interest and principal cash flows. Rupees crores Particulars Less than 1 Year 1-3 Years 3 Years to 5 Years 5 years and above As at 31 st March, 2023 Short term borrowings - Principal ............................................................................. 33,739.62 — — — Short term borrowings - Interest ............................................................................... 4,509.16 — — — Long term borrowings - Principal................................................................................. — 35,648.11 10,991.36 8,583.26 Long term borrowings - Interest.................................................................................. 1,190.45 6,472.00 2,504.99 4,267.28 Trade payables ......................................................................................................................... 23,835.66 0.04 — — Financial Guarantees ........................................................................................................... 553.66 — — — Lease Liabilities......................................................................................................................... 709.77 1,092.34 749.96 1,735.33 Other Financial Liabilities................................................................................................... 2,215.44 287.28 97.53 129.36 Total ................................................................................................................................................. 66,753.76 43,499.77 14,343.84 14,715.23 As at 31 st March, 2022 Short term borrowings - Principal ............................................................................. 26,042.12 — — — Short term borrowings - Interest ............................................................................... 2,534.50 — — — Long term borrowings - Principal ............................................................................... — 31,785.68 8,478.03 8,457.00 Long term borrowings - Interest ................................................................................. 1,929.04 5,034.55 2,254.76 5,014.52 Trade payables........................................................................................................................... 19,036.55 1.55 — — Financial Guarantees ........................................................................................................... 564.23 — — — Lease Liabilities......................................................................................................................... 532.41 929.34 561.35 1,554.27 Other Financial Liabilities................................................................................................... 2,408.86 284.72 129.77 124.00 Total ................................................................................................................................................. 53,047.71 38,035.84 11,423.91 15,149.79 The amounts included above for financial guarantee contracts are the maximum amounts the Group could be forced to settle under the arrangement for the full guaranteed amount if that amount is claimed by the counterparty to the guarantee. Based on expectations at the end of the reporting period, the Group considers that it is more likely than not that such an amount will not be payable under the arrangement. 36. Financial Instruments (contd.) (b) Credit Risk Management (contd.)