Heritage Foods Limited

Heritage Foods Limited 258 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated) Signi fi cant unobservable inputs* Assumption made Sensitivity of the inputs Future growth rate 3% 5% increase/(decrease) in the growth rate would result in increase/(de- crease) in fair value by ₹ 0.89/( ₹ 0.89) as on 31 March 2021 and 31 March 2020. Discount rate 20% 5% increase/ (decrease) in the discount rate would result in (decrease)/ increase in fair value by ( ₹ 0.72)/ ₹ 0.72 as on 31 March 2021 and 31 March 2020. Discount for lack of marketability (DFLM) 15% 5% increase/ (decrease) in the DFLM would result in (decrease)/ increase in fair value by ( ₹ 0.15)/ ₹ 0.15 as on 31 March 2021 and 31 March 2020. *keeping all other inputs constant. ( iii ) Reconciliation of level 3 fair value measurement: Amount As at 1 April 2019 2.60 Changes during the year - As at 31 March 2020 2.60 Changes during the year - As at 31 March 2021 2.60 36. Categories of Financial instruments and their fair values The carrying amount of all fi nancial assets and fi nancial liabilities appearing in the fi nancial statements are reasonable approximation of their fair values, except for deferred payment liabilities whose fair value amounts to ₹ 46.36 and ₹ 54.28 as on 31 March 2021 and 31 March 2020 respectively. Categories of fi nancial instruments Particulars As at 31 March 2021 As at 31 March 2020 FVTPL FVTOCI Amortised cost FVTPL FVTOCI Amortised cost Financial assets Quoted equity shares - 0.13 - 1,078.83 359.81 - Unquoted equity shares - 2.60 - - 2.60 - Investment in government securities - - 0.16 - - 0.16 Trade receivables - - 152.20 - - 218.92 Cash and cash equivalents - - 218.26 - - 558.34 Other bank balances - - 17.30 - - 24.13 Loans - - 91.48 - - 82.09 Other fi nancial assets - - 4.27 - - 9.44 - 2.73 483.67 1,078.83 362.41 893.08 Particulars As at 31 March 2021 As at 31 March 2020 FVTPL FVTOCI Amortised cost FVTPL FVTOCI Amortised cost Financial liabilities Borrowings - - 585.86 - - 2,991.56 Deferred payment liabilities - - 53.47 - - 66.33 Trade payables - - 354.59 - - 599.48 Other fi nancial liabilities - - 1,247.98 - - 1,104.11 - - 2,241.90 - - 4,761.48 The fair value of the fi nancial assets and fi nancial liabilities are included at an amount at which the instruments could be exchanged in a current transaction between the willing parties, other than in a forced or liquidation sale.