Heritage Foods Limited

Heritage Foods Limited 156 Statement of Pro fi t and Loss for the year ended 31 March 2021 (All amounts in ₹ millions, except share data and where otherwise stated) Particulars Notes For the year ended 31 March 2021 31 March 2020 Revenue from operations 25 24,070.29 26,811.06 Other income 26 84.07 83.24 Gain due to changes in fair value of derivative liabilities - 2,944.89 Total income 24,154.36 29,839.19 Expenses Cost of materials consumed 27 17,795.41 21,505.28 Purchase of Stock-in-Trade 557.07 605.35 Changes in inventories of fi nished goods, semi fi nished goods, stock-in- trade and work in-progress 28 (314.29) (131.98) Employee bene fi t expenses 29 1,703.88 1,495.68 Finance costs 30 178.48 208.07 Depreciation and amortisation expense 6, 7 & 8 440.54 480.36 Impairment losses 6, 7 & 9 42.67 7.42 Other expenses 31 1,740.62 1,999.71 Fair value loss on FVTPL securities 45 48.12 5,116.06 Total expenses 22,192.50 31,285.95 Pro fi t/(loss) before tax 1,961.86 (1,446.76) Tax expense 32 Current tax expense 500.37 185.05 Deferred tax expense/(bene fi t) 9.85 (31.77) Pro fi t /(loss) for the year 1,451.64 (1,600.04) Other comprehensive income (“OCI”) Items that will not be reclassi fi ed to pro fi t or loss (i) Re-measurement loss on de fi ned bene fi t plan, net of tax (4.08) (5.47) (ii) Net loss on FVTOCI equity securities (17.23) (1,705.99) Total other comprehensive loss for the year (21.31) (1,711.46) Total comprehensive income/(loss) for the year 1,430.33 (3,311.50) Earnings per equity share [EPES] (in absolute ₹ terms) 33 Par value per equity share 5.00 5.00 Basic and Diluted EPES 31.29 (34.49) The accompanying notes referred to above form an integral part of the standalone fi nancial statements. This is the Standalone Statement of Pro fi t and Loss referred to in our report of even date. For Walker Chandiok & Co LLP For and on behalf of Board of Directors of Chartered Accountants Heritage Foods Limited FRN No: 001076N/N500013 Sanjay Kumar Jain N. Bhuvaneswari N Brahmani Partner Vice Chairperson & Managing Director Executive Director M.No. 207660 DIN : 00003741 DIN : 02338940 M Sambasiva Rao A Prabhakara Naidu Umakanta Barik President Chief Financial O ffi cer Company Secretary & M.No. FCA 200974 Compliance O ffi cer Place : Hyderabad Place : Hyderabad M.No. FCS 6317 Date : 19 May 2021 Date : 19 May 2021