Heritage Foods Limited

FINANCIAL STATEMENTS Standalone 29 th Annual Report 2020-21 | 203 42 Segment reporting In accordance with Ind AS 108 - ‘Operating segments’, segment information has been given in the consolidated fi nancial statements of the Company and therefore no separate disclosure on segment information is given in these standalone fi nancial statements. 43 Contingent liabilities and commitments Particulars As at 31 March 2021 As at 31 March 2020 (a) Commitments (i) Estimated amount of contracts remaining to be executed on capital account and not provided for 52.06 271.66 (b) Contingent liabilities Claims against the Company not acknowledged as debts - Disputed purchase tax levied under Andhra Pradesh Value Added Tax Act, 2005 on purchase of milk 9.51 9.51 - Disputed Input tax credit disallowed under Andhra Pradesh Value Added Tax Act, 2005 4.69 4.69 - Disputed Entry tax levied under Telangana Tax on Entry of Goods into Local Areas Act, 2001 on interstate purchases of certain items 10.34 10.34 - Disputed milk cess levied on installed capacity under the Haryana Murrah Bu ff alo and other Milch Animal Breed Act, 2001. 10.31 10.31 (c) Guarantees excluding fi nancial guarantees 2.91 4.05 44 Leases The movement in lease liabilities is as follows: Particulars For the year ended 31 March 2021 31 March 2020 Balance at the beginning of the year 65.49 94.14 Additions during the year 17.01 - Finance cost accrued during the year 5.86 3.14 Payment of lease liabilities (43.49) (31.79) Lease liabilities at the end of the year 44.87 65.49 Current lease liabilities 22.51 29.40 Non-current lease liabilities 22.36 36.09 The details of the contractual maturities of lease liabilities on an undiscounted basis is as follows: Particulars As at 31 March 2021 As at 31 March 2020 Less than one year 26.33 34.61 One to fi ve years 24.32 31.34 More than fi ve years 2.71 6.67 Total 53.36 72.62 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)