Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 189 The accompanying notes referred to above form an integral part of the consolidated financial statements. This is the Consolidated Statement of Profit and Loss 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 Consolidated Statement of Profit and Loss for the year ended 31 March 2022 (All amounts in ` millions, except share data and where otherwise stated) Particulars Notes For the year ended 31 March 2022 31 March 2021 Revenue from operations 25 26,812.79 24,731.13 Other income 26 112.72 80.33 Total income 26,925.51 24,811.46 Expenses Cost of materials consumed 27 20,605.18 18,419.76 Purchase of stock-in-trade 169.37 266.85 Changes in inventories of finished goods, semi finished goods, stock-in-trade and work-in-progress 28 60.14 (312.95) Employee benefits expenses 29 1,842.88 1,778.87 Finance costs 30 40.07 191.80 Depreciation and amortisation expense 6, 7 & 8 521.82 462.26 Impairment losses 6, 7 & 9 4.24 42.44 Other expenses 31 2,222.65 1,866.97 Fair value loss on FVTPL securities - 48.12 Total expenses 25,466.35 22,764.12 Profit before share of loss of an associate and a joint venture from continuing operations 1,459.16 2,047.34 Share of loss of an associate and a joint venture (60.34) (22.16) Profit before exceptional items and tax from continuing operations 1,398.82 2,025.18 Exceptional items 34 (91.40) - Profit before tax from continuing operations 1,307.42 2,025.18 Tax expense 32 Current tax expense 343.59 516.40 Deferred tax expense/(benefit) (1.38) 18.28 Profit for the year from continuing operations 965.21 1,490.50 Discontinued operations Loss before tax 47 (4.35) (7.49) Tax expense - - Loss for the year from discontinued operations (4.35) (7.49) Profit for the year 960.86 1,483.01 Other comprehensive income Items that will not be reclassified to profit or loss (i) Re-measurement loss on defined benefit plan, net of taxes (0.53) (3.84) (ii) Net gain/(loss) on FVTOCI equity securities 0.07 (17.23) Total other comprehensive loss for the year (0.46) (21.07) Total comprehensive income for the year 960.40 1,461.94 Profit/(loss) for the year, attributed to Owners of the Company: - Profit from continuing operations 965.69 1,499.48 - Profit/(loss) from discontinuing operations - - - Total profit 965.69 1,499.48 - Other comprehensive loss (0.46) (21.07) - Total comprehensive income 965.23 1,478.41 Loss for the year, attributed to Non-controlling interest of the Company: - Loss from continuing operations (0.48) (8.98) - Loss from discontinuing operations (4.35) (7.49) - Total loss (4.83) (16.47) - Other comprehensive income/(loss) - - - Total comprehensive loss (4.83) (16.47) Earnings per equity share [EPES] (in absolute ` terms) 33 Nominal value per equity share 5.00 5.00 Basic and Diluted EPES - Continuing operations 20.81 32.32 - Discontinuing operations - - - Continuing and discontinued operations 20.81 32.32 Consolidated