MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 326 C. Reconciliation of movement in borrowings to cash flows from financing activities Rupees crores Particulars 2024 2023 Opening balance Long Term Borrowings................................................................................................................................................................................................. 2,331.56 5,681.53 Non current lease liabilities .................................................................................................................................................................................... 268.17 163.90 Short term borrowings ............................................................................................................................................................................................... 2,312.17 816.24 Current lease liabilities ............................................................................................................................................................................................... 113.62 81.38 Unclaimed matured deposits ................................................................................................................................................................................. 0.01 0.07 Total Opening Balance.......................................................................................................................................................................................................... 5,025.53 6,743.12 Cash flow movements Proceeds from borrowings........................................................................................................................................................................................ 650.00 — Repayment of borrowings......................................................................................................................................................................................... (3,712.16) (1,861.43) Repayment of lease liabilities................................................................................................................................................................................. (152.62) (113.79) (3,214.78) (1,975.22) Non-cash movements Additions in lease liabilities (includes interest thereon)....................................................................................................................... 252.78 253.75 Deletions in lease liabilities....................................................................................................................................................................................... (30.39) (3.45) Effect of amortisation of loan origination costs........................................................................................................................................ 3.33 7.33 225.72 257.63 Closing Balance Long term borrowings ................................................................................................................................................................................................ 1,134.86 2,331.56 Non current lease liabilities .................................................................................................................................................................................... 330.37 268.17 Short term borrowings................................................................................................................................................................................................ 450.03 2,312.17 Current lease liabilities ............................................................................................................................................................................................... 121.19 113.62 Unclaimed matured deposits................................................................................................................................................................................... 0.01 0.01 Total Closing Balance............................................................................................................................................................................................................ 2,036.46 5,025.53 20. Other Financial Liabilities Rupees crores Particulars Non-Current Current 2024 2023 2024 2023 Measured at Amortised Cost: Interest accrued and not due on borrowings................................................................................. — — 20.69 177.77 Unclaimed dividends......................................................................................................................................... — — 16.78 17.18 Unclaimed matured deposits and interest accrued thereon............................................... — — 0.01 0.01 Security Deposits................................................................................................................................................ 88.65 90.43 — — Other liabilities ................................................................................................................................................... 583.94 559.42 1,569.47 1,338.02 Measured at Fair Value: Derivative financial liabilities-foreign currency and commodity derivatives ........... — — 8.44 89.23 Derivatives on interest in subsidiaries, associates and joint ventures ........................ 24.94 28.51 — — Total .......................................................................................................................................................................... 697.53 678.36 1,615.39 1,622.21 Other liabilities include salaries and wages payable, capital creditors, monies adjusted from share capital and other equity on account of shares held by M&M ESOP Trust pending transfer to the eligible employees. 19. Borrowings (contd.)
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