Heritage Foods Limited

FINANCIAL STATEMENTS Standalone 29 th Annual Report 2020-21 | 187 20 Other fi nancial liabilities Particulars As at 31 March 2021 As at 31 March 2020 Non-current Lease liabilities (refer note 44) 22.36 36.09 Financial guarantee (refer note (i) below) 11.57 7.23 33.93 43.32 Current Current maturities of deferred payment liabilities 15.99 12.87 Current maturities of term loans from banks 242.33 407.12 Current maturities of fi nancial guarantee (refer note (i) below) 3.62 2.24 Interest accrued but not due on borrowings 3.37 13.32 Freight payable 116.72 103.04 Capital creditors 183.85 209.27 Employee related payables 335.82 144.37 Security deposits 309.88 302.31 Unpaid dividend 14.17 14.64 Lease liabilities (refer note 44) 22.51 29.40 Other payables 203.33 226.72 1,451.59 1,465.30 Note: (i) The Company has outstanding guarantees given to bankers towards loans availed by its wholly owned subsidiary i.e. Heritage Nutrivet Limited and its joint venture i.e. Heritage Novandie Foods Private Limited. The carrying amount of such fi nancial guarantees as at 31 March 2021 is ₹ 15.19 (31 March 2020: ₹ 9.47). Amount outstanding to bankers by Heritage Nutrivet Limited and Heritage Novandie Foods Private Limited as at 31 March 2021 is ₹ 265.15 (31 March 2020: ₹ 261.38). 21 Provisions Particulars As at 31 March 2021 As at 31 March 2020 Non-current Compensated absences 100.52 79.62 100.52 79.62 Current Gratuity (refer note a below) 2.06 5.33 Compensated absences 122.71 104.68 124.77 110.01 (a) Gratuity The Company provides its employees with bene fi ts under a de fi ned bene fi t plan, referred to as the “Gratuity Plan”. The Gratuity Plan entitles an employee, who has rendered at least fi ve years of continuous service, to receive 15 days salary for each year of completed service (service of six months and above is rounded o ff as one year) at the time of retirement/exit in accordance with the Payment of Gratuity Act, 1972. Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)