Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 210 13. Inventories As at 31 March 2022 31 March 2021 (at lower of cost or net realisable value) Raw materials (including goods in transit of ` 7.92 (31 March 2021: ` 2.08) 859.68 767.12 Work-in-progress 14.45 5.41 Semi finished goods 348.32 398.41 Finished goods (including goods in transit of ` 0.31 (31 March 2021: ` 1.57)) 637.32 666.03 Stock-in-trade (including goods in transit of ` 0.04 (31 March 2021: ` 0.09)) 37.04 27.42 Packing materials 108.22 77.35 Stores, spares and consumables 53.36 40.96 2,058.39 1,982.70 Note: The write down of inventories to net realisable value during the year ended 31 March 2022 aggregated to ` 9.55 (March 31, 2021 : ` 10.32). This write down is included in the changes in inventories of finished goods, semi finished goods stock-in-trade and work-in- progress in the statement of profit and loss. 14. Trade receivables As at 31 March 2022 31 March 2021 Unsecured, considered good 184.89 152.23 Unsecured, significant increase in credit risk 93.89 45.56 278.78 197.79 Less: Allowance for trade receivables with significant increase in credit risk 93.89 45.56 Less: Expected credit loss 0.09 0.03 184.80 152.20 (a) The movement in the allowance for trade receivables with significant increase in the credit risk and expected credit loss for the year ended 31 March 2022 and 31 March 2021 is as follows: For the year ended 31 March 2022 31 March 2021 Opening balance at beginning of the year 45.59 57.16 Provision made during the year 61.27 3.05 Amount recovered during the year (9.80) - Bad debts written off during the year (3.08) (14.62) Closing balance at end of the year 93.98 45.59 (b) Trade receivables ageing schedule Particulars Outstanding for following periods from due date of payment Less than 6 months 6 months - 1 year 1-2 years 2-3 years More than 3 years Total As at 31 March 2022 Undisputed Considered good 184.80 - - - - 184.80 Significant increase in credit risk 66.15 - - - - 66.15 Credit impaired 0.09 - - - - 0.09 Disputed Considered good - - - - - - Significant increase in credit risk - - - 0.39 27.35 27.74 Credit impaired - - - - - - Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated)