Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 169 For the year ended 31 March 2022 31 March 2021 Payment to auditors 8.44 8.09 Corporate social responsibility (CSR) expenditure 29.35 20.64 Selling and distribution expenses 139.26 91.96 Provision for doubtful advances - 0.31 Advances written off 1.32 0.66 Provision towards doubtful debts and bad debts written off 61.27 3.75 Bank charges 16.16 14.25 Advertisement expenses 2.56 8.23 Security charges 60.95 50.46 Printing and stationery 8.12 8.15 Miscellaneous expenses 46.36 28.29 2,103.85 1,740.62 (i) Details of payments to auditors : For the year ended 31 March 2022 31 March 2021 As auditor: - Statutory audit fee 5.07 4.76 - Tax audit fee 0.82 0.82 - Limited review fee 1.73 2.04 In other capacities: - Taxation matters 0.19 0.17 - Certification fees 0.48 0.29 - Reimbursement of expenses 0.15 0.01 8.44 8.09 (ii) Details of CSR expenditure : For the year ended 31 March 2022 31 March 2021 a) Gross amount required to be spent during the year 29.35 20.64 b) Amount spent during the year (i) Construction/ acquisition of asset 15.40 9.98 (ii) On purposes other than (i) above (Refer Note: 1) 6.89 10.66 c) Shortfall at the end of the year 7.06 - d) Total of previous years shortfall - - e) Reason for shortfall Note: 2 Not applicable f) Nature of CSR activities Health and Education support Health and Education support g) Details of related party transactions Refer note 43 Refer note 43 h) Provision made during the year (Refer Note: 2) 7.06 - Notes: 1. Company has transferred ` 6.87 to Asian Healthcare Foundation (AHF) being the implementing partner of the Company as an ongoing/multi-year CSR project, out of which an unspent amount of ` 4.52 is available with AHF as on 31 March 2022 and the same will be spent in accordance with the CSR Amendment Rules, 2021. 2. As the selected projects for CSR spent are ongoing/muli-year in nature, the unspent amount of ` 7.06 available with the Company will be spent in accordance with the CSR Amendment Rules, 2021. In accordance with the provisions of Section 135(6) of the Act, the Company has transferred the unspent amount to a separate bank account and the unspent amount has been provided in the accompanying financial statements. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Standalone