MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 322 12. Inventories Rupees crores Particulars 2024 2023 Raw materials and bought-out components [includes in transit Rs. 217.30 crores; 2023: Rs 400.29 crores] ................... 3,414.17 4,381.05 Work-in-Progress..................................................................................................................................................................................................................................... 247.06 158.73 Finished goods produced ................................................................................................................................................................................................................. 4,247.89 2,849.85 Stock-in-Trade .......................................................................................................................................................................................................................................... 791.10 747.54 Manufactured Components.............................................................................................................................................................................................................. 505.72 461.14 Stores and Spares.................................................................................................................................................................................................................................. 212.70 204.56 Loose tools ................................................................................................................................................................................................................................................ 86.18 78.48 Total .............................................................................................................................................................................................................................................................. 9,504.82 8,881.35 (a) The amount of inventories recognised as an expense during the year is Rs. 82,796.62 crores (2023: Rs. 72,365.57 crores). (b) The cost of inventories recognised as an expense during the year includes Rs. 456.78 crores (2023: Rs. 200.56 crores) in respect of write-down of inventories to net realisable value, and has been reduced by Rs. 66.48 crores (2023: Rs. 95.45 crores) in respect of the reversal of such write downs. Reversal in provision is due to sale and / or consumption of inventories provided for in earlier years. (c) Method of valuation of inventories is stated in Note 2(h). 13. Trade Receivables Rupees crores Particulars 2024 2023 Unsecured, considered good........................................................................................................................................................................................................... 4,549.46 4,041.73 Credit impaired......................................................................................................................................................................................................................................... 255.22 226.60 4,804.68 4,268.33 Less: Loss Allowance [(refer note 41 (b)(ii)] ...................................................................................................................................................................... 255.22 226.60 Total .............................................................................................................................................................................................................................................................. 4,549.46 4,041.73 Ageing of trade receivables Rupees crores Particulars 2024 Outstanding for following periods from due date of payment Not due Less than 6 months 6 months - 1 year 1-2 years 2-3 years More than 3 years Total Undisputed trade receivables - considered good ................ 1,321.81 2,926.46 168.84 108.11 15.03 9.21 4,549.46 Undisputed trade receivables - credit impaired .................... — 14.23 28.57 29.80 39.40 63.22 175.22 Disputed trade receivables - credit impaired .......................... — — — 1.55 5.59 72.86 80.00 1,321.81 2,940.69 197.41 139.46 60.02 145.29 4,804.68 Less: Loss Allowance [refer note 41 (b)(ii)] ............................. (255.22) Total Trade receivables ..................................................................... 4,549.46 Particulars 2023 Outstanding for following periods from due date of payment Not due Less than 6 months 6 months - 1 year 1-2 years 2-3 years More than 3 years Total Undisputed trade receivables - considered good ................ 1,440.02 2,450.54 84.53 36.56 16.89 13.19 4,041.73 Undisputed trade receivables - credit impaired .................... — 2.34 15.80 9.66 34.88 66.25 128.93 Disputed trade receivables - credit impaired .......................... — 0.01 2.10 12.47 10.73 72.36 97.67 1,440.02 2,452.89 102.43 58.69 62.50 151.80 4,268.33 Less: Loss Allowance [refer note 41 (b)(ii)] ............................. (226.60) Total Trade receivables ..................................................................... 4,041.73
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