Heritage Foods Limited

FINANCIAL STATEMENTS Consolidated 29 th Annual Report 2020-21 | 257 33. Earnings per equity share (EPES) Particulars For the year ended 31 March 2021 31 March 2020 Attributable to Owners of the Company Pro fi t/(loss) from continuing operations 1,499.48 (1,603.12) Pro fi t from discontinued operations - - Pro fi t/ ( loss ) for the year 1,499.48 (1,603.12) Weighted average number of equity shares outstanding during the year 4,63,98,000 4,63,98,000 Earnings per equity share ( in absolute ₹ terms ) Nominal value per equity share 5.00 5.00 Basic and Diluted EPES from continuing operations 32.32 (34.55) Basic and Diluted EPES from discontinued operations - - Basic and Diluted EPES from continuing and discontinued operations 32.32 (34.55) The Company does not have any potential dilutive equity shares as on 31 March 2021 and 31 March 2020. 34. Dividend proposed before approval or issue of the fi nancial statements The amount of dividend proposed or declared to be paid in cash before the fi nancial statements were approved for issue but not rec- ognised as a distribution to owners during the year ended 31 March 2021 amounts to ₹ 231.99 ( ₹ 5 per equity share) (31 March 2020: ₹ 116.00 ( ₹ 2.5 per equity share)). 35. Fair value hierarchy ( i ) Financial assets and fi nancial liabilities at fair value on a recurring basis as of the reporting dates are as follows: Particulars As at 31 March 2021 As at 31 March 2020 Financial assets Fair value hierarchy (Level 1) Quoted equity shares 0.13 1,438.64 Fair value hierarchy (Level 3) Unquoted equity shares 2.60 2.60 There are no transfers between levels during the current year and previous year ended 31 March 2021 and 31 March 2020 respec- tively. The Group’s policy is to recognise transfers into and transfers out of fair value hierarchy levels at the end of the reporting period. ( ii ) Valuation technique and inputs used for level 3 instruments: The fair value of the level 3 instruments has been estimated using the discounted cash fl ow model. The valuation requires management tomake certain assumptions about themodel inputs, including forecasting of cash fl ows, discount rate, credit risk and volatility. The probabilities of the various estimates within the range can be reasonably assessed and are used in the management’s estimate of the fair value for these level 3 instruments. The signi fi cant unobservable inputs used in the fair value measurement categorised within Level 3 of the fair value hierarchy to- gether with a quantitative sensitivity analysis as at 31 March 2021 and 31 March 2020 are as shown below: Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)