Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 141 Standalone Cash Flow Statement for the year ended 31 March 2022 (All amounts in ` millions, except share data and where otherwise stated) Particulars For the year ended 31 March 2022 31 March 2021 Cash flow from investing activities Purchase of PPE and other intangible assets, including CWIP and intangible assets under development (444.68) (911.15) Proceeds from sale of PPE 44.66 262.99 Investment in a joint venture (104.65) (66.31) Receipts of government grants 73.26 26.65 Purchase of investments (2,800.00) (670.00) Proceeds from sale of investments 2,811.44 2,033.71 Interest received 2.31 3.17 Movement in other bank balances, net (12.42) 2.70 Rent received 20.89 13.19 Net cash generated from/(used in) investing activities (B) (409.19) 694.95 Cash flow from financing activities Proceeds from long term borrowings - 282.52 Repayments of long term borrowings (484.71) (1,797.03) Interest paid (20.66) (172.89) Lease rentals paid (41.68) (43.49) Dividend paid (347.99) (116.00) Net cash used in financing activities (C) (895.04) (1,846.89) Net increase in cash and cash equivalents during the year (A + B + C) 133.93 489.33 Cash and cash equivalents at the beginning of the year 190.83 (298.50) Cash and cash equivalents at the end of the year (Note 1) 324.76 190.83 Note 1: Cash and cash equivalents include: Cash on hand 25.79 33.03 Balances with banks in current accounts 298.97 162.49 Loans repayable on demand from banks - (4.69) 324.76 190.83 This is the Standalone Cash Flow Statement 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 Firm’s Registration No: 001076N/N500013 N Bhuvaneswari N Brahmani M Sambasiva Rao Vice Chairperson and Executive Director President Managing Director DIN: 02338940 DIN: 00003741 Sanjay Kumar Jain Srideep Madhavan Nair Kesavan A Prabhakara Naidu Umakanta Barik Partner Chief Executive Officer Chief Financial Officer Company Secretary & Membership No: 207660 M.No.FCA 200974 Compliance Officer M.No. FCS 6317 Place : Hyderabad Place : Hyderabad Date : 27 May 2022 Date : 27 May 2022 Standalone