MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 316 7. Intangible assets under development Rupees crores Particulars 2024 2023 Balance at the beginning of the year ............................................................................................................................................................................... 1,834.35 3,638.47 Additions during the year ................................................................................................................................................................................................................ 1,418.42 1,944.14 Interest capitalisation .......................................................................................................................................................................................................................... 67.37 143.00 Transfer to Intangible assets ......................................................................................................................................................................................................... (1,255.10) (2,950.61) Deletions during the year ................................................................................................................................................................................................................ (28.42) (750.77) Reclassified as assets held for sale .......................................................................................................................................................................................... — (38.65) Impairment losses during the year # ...................................................................................................................................................................................... (126.82) (151.23) Balance at the end of the year .............................................................................................................................................................................................. 1,909.80 1,834.35 # In the previous year ended 31st March 2023, impairment losses, Rs. 123.13 crores and Rs. 28.10 crores have been recognised as ‘Exceptional items (net)’ and ‘Depreciation, amortisation and impairment expense’, respectively, in the Statement of Profit and Loss. Ageing of intangible assets under development Rupees crores Particulars Amount in Intangible assets under development for a period of Less than 1 year 1-2 years 2-3 years More than 3 years Total As at 31st March, 2024: Projects in progress ................................................................................................................................... 822.48 443.31 452.11 191.90 1,909.80 Total ..................................................................................................................................................................... 822.48 443.31 452.11 191.90 1,909.80 As at 31st March, 2023: Projects in progress ................................................................................................................................... 599.91 550.53 220.85 463.06 1,834.35 Total ..................................................................................................................................................................... 599.91 550.53 220.85 463.06 1,834.35 8. Investments A. Non-current investments Particulars Face Value Per Unit (Rupees) 2024 2023 Number Rupees crores Number Rupees crores Investments in Equity Instruments (fully paid-up, unless stated otherwise) Quoted (A) At Cost (i) In Subsidiary Companies Equity shares Mahindra & Mahindra Financial Services Limited.................. 2 64,43,99,987 2,846.87 64,43,99,987 2,846.87 Mahindra EPC Irrigation Limited........................................................... 10 1,51,44,433 77.75 1,51,44,433 77.75 Mahindra Holidays & Resorts India Limited.......................... 10 13,48,35,922 24.72 13,48,35,922 24.72 Mahindra Lifespace Developers Limited.................................. 10 7,93,19,550 440.28 7,93,19,550 440.28 Mahindra Logistics Limited................................................................... 10 4,18,12,257 41.81 4,18,12,257 41.81 Swaraj Engines Limited.............................................................................. 10 63,31,141 322.29 63,31,141 322.29 3,753.72 3,753.72 (ii) In Associate Companies Equity shares Tech Mahindra Limited..................................................................... 5 24,80,22,598 971.75 24,80,22,598 971.75 CIE Automotive India Limited (Formerly known as Mahindra CIE Automotive Limited) ........................................ 10 — — 1,21,22,068 306.28 971.75 1,278.03 (B) Designated and measured at FVTPL In Other Companies KG Mobility Co. Ltd. (listed on stock exchange outside India) ............................................................................................... KRW 5,000 1,25,36,341 502.23 1,25,36,341 172.14 RBL Bank Limited ........................................................................................ 10 2,11,43,000 507.33 — — 1,009.56 172.14
RkJQdWJsaXNoZXIy NTE5NzY=