Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 190 Particulars For the year ended 31 March 2022 31 March 2021 Cash flow from operating activities Profit before tax from continuing operations 1,307.42 2,025.18 Adjustments: Fair value loss on FVTPL equity securities - 51.62 Depreciation and amortization expense 521.82 462.26 Impairment losses 4.24 42.44 Provision for doubtful advances - 11.82 Share of loss of an associate and a joint venture 60.34 22.16 Provision for doubtful debts and bad debts written off 61.27 3.05 Guarantee income (2.20) (1.23) Amortisation of government grants (7.36) (0.31) Property, plant and equipment written off 14.36 6.18 Gain on sale of Property, plant and equipment (“PPE”) (31.24) (17.77) Provisions no longer required/credit balances written back (19.45) (18.27) Gain on investments (12.07) (3.50) Interest income (4.50) (2.82) Interest expenses 35.02 185.61 Advances written off 1.32 0.66 Lease rental income (19.27) (12.31) Operating profits before working capital changes 1,909.70 2,754.77 Changes in inventories (75.69) (535.95) Changes in trade receivables (93.87) 63.67 Changes in loans 7.99 (10.49) Changes in other assets (89.10) 8.60 Changes in other financial assets (5.46) 1.07 Changes in trade payables 164.09 (244.89) Changes in provisions 16.05 31.84 Changes in other financial liabilities (35.88) 221.18 Changes in other liabilities 40.37 (10.30) Cash generated from operating activities 1,838.20 2,279.50 Income tax paid, net (353.86) (530.84) Net cash generated from operating activities of continuing operations 1,484.34 1,748.66 Net cash used in operating activities of discontinued operations (5.16) (9.42) Net cash generated from operating activities (A) 1,479.18 1,739.24 Cash flows from investing activities Purchase of PPE and other intangible assets including CWIP and intangible assets under development (464.73) (926.25) Proceeds from sale of PPE 48.01 264.43 Investment in a joint venture (104.65) (66.30) Receipts of government grants 73.26 26.66 Purchase of investments (2,851.00) (670.00) Proceeds from sale of investments 2,863.07 2,033.70 Interest received 4.17 4.32 Movement in other bank balances, net (12.42) 9.73 Rent received 19.84 11.99 Net cash generated from/ (used in) investing activities of continuing operations (424.45) 688.28 Consolidated Cash Flow Statement for the year ended 31 March 2022 (All amounts in ` millions, except share data and where otherwise stated)