Heritage Foods Limited

Heritage Foods Limited 218 Cash Flow Statement for the year ended 31 March 2021 (All amounts in ₹ millions, except share data and where otherwise stated) Particulars For the year ended 31 March 2021 31 March 2020 Cash fl ow from operating activities Pro fi t/(loss) before tax from continuing operations 2,025.18 ( 1,533.77 ) Adjustments: Loss on FVTPL securities 48.12 5,116.06 Gain due to changes in fair value of derivative liabilities - (2,944.89) Depreciation and amortization expense 462.26 501.33 Impairment losses 42.44 7.43 Provision for doubtful advances 11.82 - Share of loss of an associate and a joint venture 22.16 9.01 Provision for doubtful debts 3.05 5.96 Guarantee income (1.23) (0.24) Amortisation of government grants (0.31) (0.14) Property, plant and equipment written o ff 6.18 - Loss/(Pro fi t) on sale of Property, plant and equipment ("PPE") (17.77) 7.06 Provisions no longer required/credit balances written back (18.27) (23.07) Interest income (2.57) (6.80) Interest expenses 185.61 218.54 Advances written o ff 0.66 - Dividend income - (0.40) Lease rentals income (12.31) (15.60) Operating pro fi ts before working capital changes 2,755.02 1,340.48 Changes in inventories (535.95) (63.12) Changes in trade receivables 63.67 198.63 Changes in loans (9.39) (12.10) Changes in other assets 8.60 (38.56) Changes in other fi nancial assets (0.03) 5.27 Changes in trade payables (244.89) (86.20) Changes in provisions 31.84 33.20 Changes in other fi nancial liabilities 221.18 (29.92) Changes in other liabilities (10.30) 18.43 Cash generated from operating activities 2,279.75 1,366.11 Income tax paid, net (530.84) (192.36) Net cash generated from operating activities of continuing operations 1,748.91 1,173.75 Net cash used in operating activities of discontinued operations ( 9.42 ) ( 6.63 ) Net cash generated from operating activities ( A ) 1,739.49 1,167.12 Cash fl ows from investing activities Purchase of PPE and other intangible assets including CWIP (926.25) (1,120.09) and intangible assets under development Proceeds from sale of PPE 264.43 35.60 (Purchase)/ Sale of investments held in equity instruments and government securities 1,363.70 (0.01) Investment in a joint venture (66.30) - Receipts of government grants 26.66 - Interest received 4.07 7.69 Movement in other bank balances, net 9.73 91.06 Rent received 11.99 14.76 Dividend received - 0.40 Net cash generated from/ ( used in ) investing activities of continuing operations 688.03 ( 970.59 ) Net cash generated from investing activities of discontinued operations - -