MAHINDRA & MAHINDRA LTD. Consolidated Accounts 393 23. Provisions Rupees crores Particulars Non Current Current 2025 2024 2025 2024 Provision for employee benefits................................................................................................................ 1,044.62 965.40 420.26 374.17 Provision for warranties................................................................................................................................... 865.81 743.12 673.38 544.61 Provision for service coupons...................................................................................................................... 48.33 35.86 200.22 150.93 Provision for others............................................................................................................................................ 23.26 18.90 19.94 53.29 Total.............................................................................................................................................................................. 1,982.02 1,763.28 1,313.80 1,123.00 Provision for warranties relates to provision made in respect of sale of certain products, the estimated cost of which is accrued at the time of sale. The products are generally covered under a free warranty period ranging from 6 months to 15 years. Provision for employee benefits includes gratuity, provident fund, post retirement benefits, compensated absence etc. The movement in provision for warranty and service coupon is as follows: Rupees crores Particulars Warranty Service coupons 2025 2024 2025 2024 Opening Balance.................................................................................................................................................. 1,287.73 1,124.27 186.79 140.07 Additional net provisions recognised during the year............................................................... 862.96 778.81 254.10 212.74 Amounts utilised during the year............................................................................................................ (679.10) (658.17) (203.92) (174.85) Unwinding of discount...................................................................................................................................... 67.68 57.02 11.58 8.83 Foreign exchange translation differences.......................................................................................... (0.08) (14.20) — — Closing Balance.................................................................................................................................................. 1,539.19 1,287.73 248.55 186.79 24. Other non financial liabilities Rupees crores Particulars Non Current Current 2025 2024 2025 2024 Statutory dues (other than income taxes)........................................................................................ — — 4,013.77 3,363.63 Contract liabilities................................................................................................................................................. 6,191.81 5,946.49 5,167.86 3,661.49 Others........................................................................................................................................................................... — — 636.99 616.50 Total.............................................................................................................................................................................. 6,191.81 5,946.49 9,818.62 7,641.62 Others mainly include salary deductions and TDS payable. Contract liabilities represent deferred revenue and advance received from customers. Significant changes in Contract liabilities during the year are as follows:— Rupees crores Particulars 2025 2024 Recognition of revenue arising from opening balance of contract liabilities ............................................................................................ 2,404.97 1,187.36
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