Heritage Foods Limited

FINANCIAL STATEMENTS Consolidated 29 th Annual Report 2020-21 | 271 51. Additional disclosureas requiredunder paragraph2of ‘General Instructions for thepreparation of Consolidated Financial Statements’ of the Schedule III to the Act Name of the entity For the year ended and as at 31 March 2021 For the year ended and as at 31 March 2020 Net assets Share in pro fi t or loss Net assets Share in pro fi t or loss As a % of consoli - dated net assets Amount As a % of consolidat - ed pro fi t or loss Amount As a % of consoli - dated net assets Amount As a % of consolidat - ed pro fi t or loss Amount Parent Company Heritage Foods Limited 99.57% 5,937.64 97.88% 1,451.64 100.13% 4,623.31 94.45% (1,600.04) Subsidiary Heritage Nutrivet Limited 6.45% 384.41 4.86% 72.12 6.74% 311.06 -0.40% 6.73 Controlled trusts Heritage Farmers Welfare Trust 0.01% 0.49 -0.61% (8.98) 0.21% 9.63 4.97% (84.11) Heritage Employee Welfare Trust 0.07% 4.39 -0.51% (7.49) 0.26% 11.88 0.40% (6.77) Non-controlling interest -0.08% (4.88) 1.11% 16.47 -0.47% (21.52) -5.36% 90.88 Total 106.02% 6,322.05 102.75% 1,523.76 106.87% 4,934.36 94.06% ( 1,593.31 ) Consolidation adjustments -6.02% (358.92) -2.75% (40.75) -6.87% (317.00) 5.94% (100.69) Net amount 100.00% 5,963.13 100.00% 1,483.01 100.00% 4,617.36 100.00% ( 1,694.00 ) The disclosure as above represents separate information for each of the consolidated entities before elimination of inter–company transactions. The net impacts on elimination of inter–company transactions/pro fi ts or (losses)/consolidation adjustments have been disclosed separately. Based on the Group structure, the management is of the view that the above disclosure is appropriate under the requirements of the Act. 52. Additional information as required under paragraph 5 of the part II of the Schedule III to the Act to the extent either “Nil” or “Not Applicable” has not been furnished. 53. Corresponding previous period’s fi gures have been regrouped/reclassi fi ed wherever necessary. This is the summary of signi fi cant accounting policies and other explanatory information referred to in our report of even date. For Walker Chandiok & Co LLP For and on behalf of Board of Directors of Chartered Accountants Heritage Foods Limited FRN No: 001076N/N500013 Sanjay Kumar Jain N. Bhuvaneswari N Brahmani Partner Vice Chairperson & Managing Director Executive Director M.No. 207660 DIN : 00003741 DIN : 02338940 M Sambasiva Rao A Prabhakara Naidu Umakanta Barik President Chief Financial O ffi cer Company Secretary & M.No. FCA 200974 Compliance O ffi cer Place : Hyderabad Place : Hyderabad M.No. FCS 6317 Date : 19 May 2021 Date : 19 May 2021 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)