Heritage Foods Limited

FINANCIAL STATEMENTS Standalone 29 th Annual Report 2020-21 | 189 Particulars As at 31 March 2021 Increase Decrease Discount rate (1% movement) (6.37) 7.06 Salary escalation rate (1% movement) 6.52 (6.05) Attrition rate (1% movement) (0.92) 0.99 (viii) The Company expects to contribute ₹ 2.06 as its contribution to gratuity within one year from the year ended 31 March 2021. (ix) Maturity analysis of Gratuity as on 31 March 2021 is as follows: Amount Within one year 26.22 2 to 5 years 84.60 More than 5 years 111.49 222.31 22 Deferred tax liabilities (net) Particulars As at 31 March 2021 As at 31 March 2020 Deferred tax liabilities arising on account of: Borrowings measured at amortised cost 0.81 1.63 Right-of-use assets 0.23 - Property, Plant and Equipment (“PPE”) 303.05 285.34 304.09 286.97 Deferred tax assets arising on account of: Provision for trade receivables and advances (5.41) (4.75) Provision for employee bene fi ts (60.37) (51.39) Revaluation of investments at FVTOCI to fair value (0.62) (0.62) Lease liabilities - (0.99) (66.40) (57.75) 237.69 229.22 Movement in deferred tax liabilities, net Particulars Borrowings Property, plant and equipment Provision for employee bene fi ts MAT credit Others Total As at 31 March 2019 3.97 334.74 (54.12) (9.52) (6.81) 268.26 Transition impact of Ind AS 116 - - - - (0.99) (0.99) Adjustment on account of change in tax provision of the earlier year - - - (4.43) - (4.43) Charged - to Statement of Pro fi t and Loss (2.34) (49.40) 4.58 13.95 1.44 (31.77) - to OCI - - (1.85) - - (1.85) As at 31 March 2020 1.63 285.34 (51.39) - (6.36) 229.22 Charged - to Statement of Pro fi t and Loss (0.82) 17.71 (7.60) - 0.56 9.85 - to OCI - - (1.38) - - (1.38) As at 31 March 2021 0.81 303.05 (60.37) - (5.80) 237.69 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)