MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 344 41. Financial instruments (contd.) (c) Liquidity risk management (i) Maturity profile of non-derivative financial liabilities The following tables detail the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay and includes both interest and principal cash flows. Rupees crores Particulars Less than 1 Year 1-3 Years 3-5 Years 5 Years and above As at 31st March, 2024 Short term borrowings - Principal............................................................................. 450.03 — — — Short term borrowings - Interest............................................................................... 4.41 — — — Long term borrowings - Principal............................................................................... — 608.32 26.54 500.00 Long term borrowings - Interest................................................................................ 83.71 148.99 95.50 1,635.93 Lease liabilities (including interest)........................................................................... 141.26 248.21 91.36 27.84 Trade payables......................................................................................................................... 18,591.95 — — — Other Financial Liabilities................................................................................................. 1,581.62 209.44 176.18 280.39 Financial Guarantees........................................................................................................... 828.51 — — — Total............................................................................................................................................... 21,681.49 1,214.96 389.58 2,444.16 As at 31st March, 2023 Short term borrowings - Principal............................................................................. 2,312.17 — — — Short term borrowings - Interest............................................................................... 17.29 — — — Long term borrowings - Principal............................................................................... — 1,276.01 555.55 500.00 Long term borrowings - Interest................................................................................ 162.41 232.60 113.04 1,683.68 Lease liabilities (including interest)........................................................................... 127.96 204.50 72.88 29.27 Trade payables......................................................................................................................... 17,145.62 — — — Other Financial Liabilities................................................................................................. 1,350.57 221.76 96.92 319.92 Financial Guarantees........................................................................................................... 697.33 — — — Total............................................................................................................................................... 21,813.35 1,934.87 838.39 2,532.87 The amounts included above for financial guarantee contracts are the maximum amounts the Company 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 Company considers that it is more likely than not that such an amount will not be payable under the arrangement.
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