Heritage Foods Limited

FINANCIAL STATEMENTS Consolidated 29 th Annual Report 2020-21 | 245 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated) 19. Borrowings Particulars As at 31 March 2021 As at 31 March 2020 Non - current Secured Term loans from banks (refer note a) 302.92 1,668.79 Deferred payment liabilities 37.48 53.46 340.40 1,722.25 Current Secured Loans repayable on demand from banks (refer note b) 19.36 634.41 19.36 634.41 Unsecured Loans repayable on demand from banks (refer note b) - 250.00 - 250.00 19.36 884.41 ( i ) Reconciliation of liabilities arising from fi nancial activities* For the year ended 31 March 2021 31 March 2020 Balance at beginning of the year 2,107.15 1,968.74 Reclassi fi ed on transition to Ind AS 116 - (22.74) Proceeds from long term borrowings 282.52 533.58 Repayments of long term borrowings (1,823.17) (372.43) Balance at end of the year 566.50 2,107.15 *Includes only current and non-current portions of term loans from banks. ( ii ) Reconciliation of interest accrued but not due on term loans from banks For the year ended 31 March 2021 31 March 2020 Balance at beginning of the year 14.53 10.21 Interest expense for the year 154.92 183.19 Interest paid during the year 165.38 178.87 Balance at end of the year 4.07 14.53