Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 177 For the year ended 31 March 2022 31 March 2021 A Prabhakara Naidu Short-term employee benefits 7.96 6.24 Post-employment benefits 0.40 0.32 Other long-term benefits 0.22 0.43 Umakanta Barik Short-term employee benefits 3.81 3.10 Post-employment benefits 0.19 0.16 Other long-term benefits 0.64 - Sitting fees Srivishnu Raju Nandyala 0.53 0.68 Rajesh Thakur Ahuja 0.56 0.59 Aparna Surabhi 0.56 0.60 D. Seetharamaiah - 0.26 Muthu Raju Paravasa Raju Vijay Kumar 0.15 - Dr. Nagaraja Naidu Vadlamudi 0.39 0.51 (c) Balances receivable/(payable) As at 31 March 2022 31 March 2021 Heritage Nutrivet Limited (9.60) (9.94) Heritage Finlease Limited (9.51) (7.91) Heritage Novandie Foods Private Limited 0.39 (0.09) Heritage Farmers Welfare Trust - 0.01 N Bhuvaneswari (57.43) (92.80) N Brahmani (52.54) (78.89) M Sambasiva Rao (13.62) (21.73) Srideep Madhavan Nair Kesavan (0.01) - (d) Guarantees outstanding As at 31 March 2022 31 March 2021 Value of guarantees extended during the year Heritage Nutrivet Limited 80.00 80.00 Heritage Novandie Foods Private Limited 50.00 50.00 Guarantees outstanding as at balance sheet date Heritage Nutrivet Limited 207.50 207.50 Heritage Novandie Foods Private Limited 220.00 220.00 Borrowings outstanding as at balance sheet date, against which guarantee is extended Heritage Nutrivet Limited 79.69 115.61 Heritage Novandie Foods Private Limited 120.26 149.54 Notes: (a) The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the year ended 31 March 2022, the Company has not recorded any impairment of receivables relating to amounts owed by related parties (31 March 2021: Nil). This assessment is undertaken each financial year through examining the financial position of the related parties and the market in which such parties operates. (b) Post-employment and other long-term benefits, disclosed above, does not include those benefits which are computed for the Company as a whole. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Standalone