Heritage Foods Limited

FINANCIAL STATEMENTS Consolidated 29 th Annual Report 2020-21 | 251 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated) ( ix ) Maturity analysis of Gratuity as on 31 March 2021 is as follows: Amount Within one year 26.95 Within two to fi ve years 87.03 More than fi ve years 113.61 227.59 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") 332.30 309.19 333.34 310.82 Deferred tax assets arising on account of: Provision for trade receivables & advances and unrealised gain on inventories (20.21) (18.16) Provision for employee bene fi ts (62.08) (52.66) Minimum alternate tax ("MAT") credit entitlement (9.86) (4.53) Revaluation of investments at FVTOCI to fair value (0.62) (0.62) Lease liabilities - (0.99) Unabsorbed tax depreciation (refer note (a) below) - (10.28) ( 92.77 ) ( 87.24 ) 240.57 223.58 Note: (a) The Group has unrecognised deferred tax asset on account of unabsorbed tax depreciation aggregating to ₹ Nil as on 31 March 2021 (31 March 2020: ₹ 3.74) which have been not recognised on the grounds of prudence. Movement in deferred tax liabilities, net Particulars PPE Provision for employee bene fi ts MAT credit entitlement Others Total As at 31 March 2019 349.06 ( 55.20 ) ( 13.16 ) ( 17.26 ) 263.44 Transition impact of Ind AS 116 - - - (0.99) (0.99) Adjustment on account of change in tax provision of earlier year - - (4.43) - (4.43) Charged/ recognised - to Statement of Pro fi t and Loss (39.87) 4.50 13.06 (10.17) (32.48) - to OCI - (1.96) - - (1.96) As at 31 March 2020 309.19 ( 52.66 ) ( 4.53 ) ( 28.42 ) 223.58 Charged/ recognised - to Statement of Pro fi t and Loss 23.11 (8.13) (5.33) 8.63 18.28 - to OCI - (1.29) - - (1.29) As at 31 March 2021 332.30 ( 62.08 ) ( 9.86 ) ( 19.79 ) 240.57