Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 218 22. Deferred tax liabilities (net) As at 31 March 2022 31 March 2021 Deferred tax liabilities arising on account of: Borrowings measured at amortised cost - 0.81 Right-of-use assets (1.37) 0.23 Property, Plant and Equipment (“PPE”) 382.12 332.30 380.75 333.34 Deferred tax assets arising on account of: Provision for trade receivables & advances and unrealised gain on inventories (31.95) (20.21) Provision for employee benefits (65.68) (62.08) Minimum alternate tax (“MAT”) credit entitlement (10.84) (9.86) Government grant (22.93) - Interest on GST liability (8.69) - Revaluation of investments at FVTOCI to fair value (0.62) (0.62) Unabsorbed tax depreciation (1.02) - (141.73) (92.77) 239.02 240.57 Movement in deferred tax liabilities, net PPE Provision for employee benefits MAT credit entitlement Others Total As at 1 April 2020 309.19 (52.66) (4.53) (28.42) 223.58 Charged/ recognised - to Statement of Profit and Loss 23.11 (8.13) (5.33) 8.63 18.28 - to OCI - (1.29) - - (1.29) As at 31 March 2021 332.30 (62.08) (9.86) (19.79) 240.57 Charged/ recognised - to Statement of Profit and Loss 49.82 (3.43) (0.98) (46.79) (1.38) - to OCI - (0.17) - - (0.17) As at 31 March 2022 382.12 (65.68) (10.84) (66.58) 239.02 23. Other current liabilities As at 31 March 2022 31 March 2021 Advances from customers 30.01 31.37 Capital advances 6.25 9.10 Statutory dues payable 80.40 38.68 116.66 79.15 24. Trade payables As at 31 March 2022 31 March 2021 Total outstanding dues of micro and small enterprises 77.02 35.14 Total outstanding dues of creditors other than micro and small enterprises 441.66 319.45 518.68 354.59 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated)