MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2023-24

CONSOLIDATED ACCOUNTS 417 27. Other Income Rupees crores Particulars 2024 2023 Interest Income On financial assets measured at amortised cost................................................................................................................................................ 636.08 421.00 On financial assets measured at FVTOCI.................................................................................................................................................................. 137.90 88.88 Dividend income Mutual funds................................................................................................................................................................................................................................. 10.79 5.74 Net gains/(losses) arising on financial assets/ liabilities measured at FVTPL............................................................................................. 1,069.91 399.58 Other non-operating income (net of directly attributable expenses)............................................................................................................... 321.74 251.75 Total................................................................................................................................................................................................................................................................ 2,176.42 1,166.95 28. Cost of materials consumed Rupees crores Particulars 2024 2023 Opening inventories.............................................................................................................................................................................................................................. 7,292.16 4,491.90 Purchases..................................................................................................................................................................................................................................................... 76,941.56 71,175.69 Adjustment on account of business combination/(disposal) of subsidiary (net)....................................................................................... (1.06) 19.47 Hyperinflation adjustment................................................................................................................................................................................................................ 71.43 45.78 Foreign currency translation difference.................................................................................................................................................................................. (117.67) 37.29 84,186.42 75,770.13 Less: Closing inventories.................................................................................................................................................................................................................... 6,337.60 7,292.16 Total................................................................................................................................................................................................................................................................ 77,848.82 68,477.97 29. Changes in inventories of finished goods, work-in-progress and stock-in-trade Rupees crores Particulars 2024 2023 Opening inventories Finished goods produced................................................................................................................................................................................................................... 4,684.94 3,268.45 Work-in-progress...................................................................................................................................................................................................................................... 463.55 277.02 Stock-in-trade............................................................................................................................................................................................................................................ 1,335.56 1,110.29 Manufactured components.............................................................................................................................................................................................................. 494.55 290.16 6,978.60 4,945.92 Inventories on business combination/(disposal) of subsidiaries (net) Finished goods produced................................................................................................................................................................................................................... (0.12) (55.84) Work-in-progress...................................................................................................................................................................................................................................... (0.33) 26.27 Stock-in-trade............................................................................................................................................................................................................................................ — (6.97) Manufactured components.............................................................................................................................................................................................................. — 16.15 (0.45) (20.39) Hyperinflation adjustment Finished goods produced................................................................................................................................................................................................................... 78.45 24.44 Work-in-progress...................................................................................................................................................................................................................................... 26.03 17.49 104.48 41.93 Foreign currency translation difference (117.90) (21.17) Less: Closing Inventories Finished goods produced................................................................................................................................................................................................................... 6,060.46 4,684.94 Work-in-progress...................................................................................................................................................................................................................................... 527.11 463.55 Stock-in-trade............................................................................................................................................................................................................................................ 1,291.56 1,335.56 Manufactured components.............................................................................................................................................................................................................. 540.92 494.55 8,420.05 6,978.60 Net (increase) in inventories...................................................................................................................................................................................................... (1,455.32) (2,032.31)

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