Heritage Foods Limited

FINANCIAL STATEMENTS Consolidated 29 th Annual Report 2020-21 | 267 47. Discontinued operations of Heritage Employees Welfare Trust ( i ) The fi nancial performance presented below is for the year ended 31 March 2021 and 31 March 2020: Particulars For the year ended 31 March 2021 31 March 2020 Revenue 2.52 0.88 Expenses 10.01 7.65 Loss before tax from discontinued operations ( 7.49 ) ( 6.77 ) Tax expense - - Loss for the year from discontinued operations ( 7.49 ) ( 6.77 ) ( ii ) The cash fl ow information for the year ended 31 March 2021 and 31 March 2020 is as follows: Particulars For the year ended 31 March 2021 31 March 2020 Net cash used in operating activities (9.42) (6.63) Net cash generated from investing activities - - Net cash generated from fi nancing activities - - Net decrease in cash and cash equivalents ( 9.42 ) ( 6.63 ) ( iii ) Details of carrying values of assets and liabilities classi fi ed as held for sale as at 31 March 2021 and 31 March 2020 are as follows: Particulars As at 31 March 2021 As at 31 March 2020 Assets Cash and cash equivalents 5.15 14.57 Other assets 1.03 1.34 Total assets 6.18 15.91 Liabilities Trade payables 1.79 4.03 Total liabilities 1.79 4.03 Net assets 4.39 11.88 48. Interest in a material joint venture (a) The Group has interest in a single joint venture (“HNFPL”), which, in the opinion of the Holding Company’s Board of Directors, is ma- terial to the Group. The principal activity of HNFPL is manufacturing and selling of fruit and fl avoured yoghurts. The joint venture has share capital consisting solely of equity shares, which are held directly by the Holding Company. The country of incorporation is also its principal place of business, and the proportion of ownership interest is the same as the proportion of voting rights held. Refer note 39 for further details. Equity shares of the joint venture are unlisted, therefore no quoted price is available. (b) The tables belowprovide summarised fi nancial information about the joint venture. The information disclosed re fl ects the amounts presented in the fi nancial statements of the joint venture and not the Group’s share of those amounts. ( i ) Summarised Balance Sheet Particulars As at 31 March 2021 As at 31 March 2020 Assets Non - current assets Property, Plant and Equipment 305.62 12.32 Capital work-in-progress 53.90 158.92 Other assets 2.05 0.96 Other non-current assets 13.06 41.86 Total non - current assets 374.63 214.06 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)