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

373 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Equity Investments designated at FVTOCI Rupees crores Particulars 2023 2022 Investment in quoted and unquoted equity instruments: Fair value of investments....................................................................................................................................................................................... 237.86 306.14 (ii) Financial Instruments measured at amortised cost Rupees crores Particulars Carrying Value Fair value Fair value Level 1 Level 2 Level 3 As at 31 st March, 2023 Financial assets a) Investments 1,877.92 1,887.45 1,309.97 577.48 — b) Trade Receivables................................................. 7,310.62 7,310.62 — 7,310.62 — c) Financial Services Receivable...................... 86,455.03 85,981.05 — — 85,981.05 d) Security Deposit.................................................... 313.64 313.64 — 313.64 — e) Other financial assets including loans 3,943.91 3,942.72 — 3,940.83 1.89 f) F ixed Deposit including margin accounts ..................................................................... 2,001.52 2,001.52 — 2,001.52 — Total............................................................................. 1,01,902.64 1,01,437.00 1,309.97 14,144.09 85,982.94 Financial liabilities a) Non-Current Borrowings.................................. 55,027.39 56,175.25 18,652.51 37,522.74 — b) Lease liabilities....................................................... 3,479.84 3,479.84 — 3,479.84 — c) Trade Payable.......................................................... 23,835.70 23,835.70 — 23,835.70 — d) Current Borrowings............................................. 33,739.62 33,739.62 6,523.17 27,216.45 — e) Other Financial Liabilities................................ 4,823.49 4,823.49 — 4,820.08 3.41 Total............................................................................. 1,20,906.04 1,22,053.90 25,175.69 96,874.81 3.41 As at 31 st March, 2022 Financial assets a) Investments 1,811.59 1,865.25 1,391.80 473.45 — b) Trade Receivables................................................. 6,683.38 6,683.38 — 6,683.38 — c) Financial Services Receivable...................... 67,657.82 67,997.01 — — 67,997.01 d) Security Deposit.................................................... 279.14 279.14 — 279.14 — e) Other financial assets including loans... 3,290.91 3,291.89 — 3,096.18 195.71 f) F ixed Deposit including margin accounts ...................................................................... 707.43 707.43 — 707.43 — Total............................................................................. 80,430.27 80,824.10 1,391.80 11,239.58 68,192.72 Financial liabilities a) Non-Current Borrowings.................................. 48,625.06 52,356.74 18,575.14 33,781.60 — b) Lease liabilities....................................................... 2,938.03 2,938.03 — 2,938.03 — c) Trade Payable.......................................................... 19,038.10 19,038.10 — 19,038.10 — d) Current Borrowings............................................. 26,042.12 26,042.12 5,599.78 20,442.34 — e) Other Financial Liabilities................................ 5,198.05 5,198.05 — 4,694.82 503.23 Total............................................................................. 1,01,841.36 1,05,573.04 24,174.92 80,894.89 503.23 There were no transfers between Level 1 and Level 2 during the year. 36. Financial Instruments (contd.) (e) Fair Value Disclosures (contd.)