MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 396 b) Right-of-use assets Rupees crores Particulars Land Buildings Plant and Equipment Furniture and Fixtures Vehicles Office Equipments Total COST Balance as at 1st April, 2022 763.15 3,196.36 326.38 10.72 178.66 15.07 4,490.34 Additions during the year ...................................................... 115.26 988.32 68.94 — 9.19 1.19 1,182.90 Acquisitions through business combinations.............. — 61.80 0.24 — 0.72 — 62.76 Foreign exchange translation differences.................... 0.66 103.51 0.57 — (0.13) 0.75 105.36 Deductions during the year .................................................. (4.24) (219.32) (10.46) (0.44) (26.65) (2.34) (263.45) Disposal of subsidiaries............................................................. (139.90) (16.46) (0.29) — (3.02) — (159.67) Balance as at 31st March, 2023..................................... 734.93 4,114.21 385.38 10.28 158.77 14.67 5,418.24 Balance as at 1st April, 2023........................................... 734.93 4,114.21 385.38 10.28 158.77 14.67 5,418.24 Additions during the year ...................................................... 60.10 575.86 28.77 — 7.17 3.51 675.41 Foreign exchange translation differences.................... 0.10 13.80 (33.62) — (1.76) 0.14 (21.34) Deductions during the year.................................................... (4.52) (333.19) (21.10) (2.20) (18.33) (4.48) (383.82) Disposal of subsidiaries............................................................. (0.09) — (5.92) — — — (6.01) Hyperinflation adjustment ..................................................... — — 4.35 — — — 4.35 Balance as at 31st March, 2024..................................... 790.52 4,370.68 357.86 8.08 145.85 13.84 5,686.83 ACCUMULATED DEPRECIATION AND IMPAIRMENT Balance as at 1st April, 2022........................................... 41.51 1,001.89 193.44 4.24 72.10 7.51 1,320.69 Depreciation expense for the year ................................. 18.37 472.12 46.70 1.27 33.26 3.00 574.72 Foreign exchange translation differences.................... 0.25 34.60 2.48 — (0.07) 0.40 37.66 Deductions during the year .................................................. (3.93) (181.24) (9.45) (0.41) (9.72) (2.34) (207.09) Disposal of subsidiaries............................................................. (16.79) (6.77) (0.29) — (1.76) — (25.61) Impairment losses during the year * .............................. — — — — 4.96 — 4.96 Balance as at 31st March, 2023..................................... 39.41 1,320.60 232.88 5.10 98.77 8.57 1,705.33 Balance as at 1st April, 2023........................................... 39.41 1,320.60 232.88 5.10 98.77 8.57 1,705.33 Depreciation expense for the year ................................. 17.84 558.45 41.61 1.18 29.46 2.57 651.11 Foreign exchange translation differences.................... 0.04 4.80 (23.64) — (1.47) 0.09 (20.18) Deductions during the year .................................................. (3.73) (251.27) (17.28) (2.20) (16.95) (2.98) (294.41) Disposal of subsidiaries............................................................. (0.02) — (2.16) — — — (2.18) Hyperinflation adjustment ..................................................... — — 0.47 — — — 0.47 Balance as at 31st March, 2024..................................... 53.54 1,632.58 231.88 4.08 109.81 8.25 2,040.14 NET CARRYING AMOUNT Net carrying amount as at 31st March, 2023........... 695.52 2,793.61 152.50 5.18 60.00 6.10 3,712.91 Net carrying amount as at 31st March, 2024.... 736.98 2,738.10 125.98 4.00 36.04 5.59 3,646.69 * In the previous year ended 31st March 2023, impairment losses have been recognised in the consolidated statement of profit and loss as part of ‘Exceptional items (net)’. 4. Property, Plant and Equipment (Continued)
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