Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 205 6. Property, Plant and Equipment Freehold land Buildings Leasehold improvements Plant and Equipment Furniture and fixtures Office equipment Vehicles Right-of-use assets Total Gross Block Balance as at 1 April 2020 485.39 1,368.36 3.13 3,600.64 25.67 84.13 56.39 102.33 5,726.04 Additions during the year - 486.01 - 978.88 5.54 20.76 4.13 17.01 1,512.33 Disposals/ transfers during the year 1.66 (9.04) - 105.66 0.56 5.18 5.24 - 109.26 Balance as at 31 March 2021 483.73 1,863.41 3.13 4,473.86 30.65 99.71 55.28 119.34 7,129.11 Additions during the year 43.52 129.38 - 240.95 3.11 16.24 32.93 65.40 531.53 Disposals/ transfers during the year - 2.00 - 113.82 0.28 5.19 21.71 61.87 204.87 Balance as at 31 March 2022 527.25 1,990.79 3.13 4,600.99 33.48 110.76 66.50 122.87 7,455.77 Accumulated depreciation Up to 31 March 2020 - 160.59 0.45 773.66 9.20 22.72 26.77 41.40 1,034.79 Depreciation charge for the year - 57.41 0.15 320.92 3.57 15.75 7.11 38.18 443.09 Adjustment for disposals/transfers - 2.20 - 71.60 0.39 3.50 3.35 - 81.04 Impairment loss - - - 16.98 0.06 1.15 - - 18.19 Up to 31 March 2021 - 215.80 0.60 1,039.96 12.44 36.12 30.53 79.58 1,415.03 Depreciation charge for the year - 76.00 0.15 361.37 4.23 16.25 9.29 32.38 499.67 Adjustment for disposals/ transfers - 0.72 - 86.41 0.16 4.23 19.28 56.89 167.69 Impairment loss - - - 4.24 - - - - 4.24 Up to 31 March 2022 - 291.08 0.75 1,319.16 16.51 48.14 20.54 55.07 1,751.25 Net carrying value As at 31 March 2021 483.73 1,647.61 2.53 3,433.90 18.21 63.59 24.75 39.76 5,714.08 As at 31 March 2022 527.25 1,699.71 2.38 3,281.83 16.97 62.62 45.96 67.80 5,704.52 Notes: (a) For details of assets pledged as security, refer note 19(a) to 19(b). (b) Borrowing cost capitalised during the year ended 31 March 2022 is ` Nil (31 March 2021: ` 12.58). (c) Freehold land includes land valued at ` 17.21 (31 March 2021: ` 17.21) and currently held in the name of erstwhile owner of the land (Andhra Pradesh Industrial Infrastructure Corporation Limited). The subsidiary management is in the process of getting the sale deed executed and registering the land in its name. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Consolidated