Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 206 6(a) Capital Work-in-Progress (CWIP) Particulars As at 31 March 2022 31 March 2021 (i) Capital Work-in-Progress: Ageing schedule of capital work-in-progress (CWIP) Projects in progress < 1 Year 70.08 142.97 1-2 Years 0.88 13.06 2-3 Years 2.51 1.38 > 3 Years 0.52 - Projects in progress (total) 73.99 157.41 Projects temporarily suspended - - (ii) The Group does not have any material CWIP which is overdue or has exceeded its cost compared to its original plan and hence the disclosure of CWIP completion schedule is not applicable. 7. Other intangible assets Computer software Brand Non-compete Procurement network Distribution network Total Gross Block Balance as at 1 April 2020 50.92 74.55 32.18 43.20 50.25 251.10 Additions during the year 14.65 - - - - 14.65 Balance as at 31 March 2021 65.57 74.55 32.18 43.20 50.25 265.75 Additions during the year 26.51 - - - - 26.51 Balance as at 31 March 2022 92.08 74.55 32.18 43.20 50.25 292.26 Accumulated amortization Up to 1 April 2020 28.05 74.55 31.86 25.66 29.85 189.97 Amortization charge for the year 8.16 - 0.32 4.15 5.17 17.80 Impairment charge for the year - - - 9.12 9.91 19.03 Up to 31 March 2021 36.21 74.55 32.18 38.93 44.93 226.80 Amortization charge for the year 11.75 - - 4.15 5.17 21.07 Impairment charge for the year - - - - - - Up to 31 March 2022 47.96 74.55 32.18 43.08 50.10 247.87 Net carrying amount As at 31 March 2021 29.36 - - 4.27 5.32 38.95 As at 31 March 2022 44.12 - - 0.12 0.15 44.39 7(a)Intangible assets under development (IAUD) Particulars As at 31 March 2022 31 March 2021 (i) Intangible assets under development: Ageing schedule of Intangible assets under development (IAUD) Projects in progress < 1 Year 4.15 17.39 1-2 Years 2.25 7.67 2-3 Years - 0.71 > 3 Years - - Projects in progress (total) 6.40 25.77 Projects temporarily suspended - - (ii) The Group does not have any material IAUD which has exceeded its cost compared to its original budget, however IAUD amounting to 5.31 (31 March 2021: Nil) is overdue for a period of less than 1 year. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated)