Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 233 (i) Dairy vertical: Under this vertical, the Group manufactures and market a complete range of milk and milk products. (ii) Renewable energy vertical: Under this vertical, the Group produces power for captive consumption through its solar and wind power plants. (iii) Feed vertical: Under this vertical, the Group manufactures wide varieties of cattle and fish feeds. No operating segments have been aggregated to form the above reportable segments. Segment performance is evaluated based on revenue and earnings before interest and tax and is measured consistently in line with the measurement principles used in the financial statements, expect adjustments not made to operating segments on individual basis. The items which are not allocated to individual operating segments are gains or losses on financial instruments, taxes, impairment on financial instruments, finance costs, interest income among others. Refer reconciliation below for further details. The table below presents segment wise information of revenue, results, assets and liabilities: Particulars For the year ended and as at 31 March 2022 For the year ended and as at 31 March 2021 Segment revenue Segment results Segment assets Segment liabilities Segment revenue Segment results Segment assets Segment liabilities Dairy 26,413.02 1,361.42 7,319.14 2,067.85 24,064.96 2,184.94 7,224.73 2,402.23 Renewable energy 90.03 37.30 554.42 3.42 68.83 28.75 577.38 2.73 Feed 946.12 24.13 546.56 152.80 1,215.26 112.34 554.38 188.03 Others - (0.79) - - - (9.10) - 0.87 Intersegment revenue (636.38) - - - (617.92) - - - Unallocated - - 605.68 226.19 - - 428.62 228.12 Total 26,812.79 1,422.06 9,025.80 2,450.26 24,731.13 2,316.93 8,785.11 2,821.98 Reconciliation of segment results to profit before tax from continuing operations: For the year ended 31 March 2022 31 March 2021 Amount as per segment results 1,422.06 2,316.93 Less: Finance costs (refer note 30) 40.07 191.80 Fair value loss on FVTPL securities - 48.12 Share of loss of an associate and a joint venture 60.34 22.16 Other unallocable expenses 33.00 33.72 133.41 295.80 Add: Interest income 6.70 4.05 Other unallocable income 12.07 - 18.77 4.05 Profit before tax from continuing operations 1,307.42 2,025.18 Geographical information Revenue disaggregation geography wise information has been disclosed under note 25 to the consolidated financial statements. Further 100% of the Group’s non-current and current assets as at 31 March 2022 and 31 March 2021 were located in India. Major customers The Group has no single customer who has contributed more than 10% of the Group’s total revenue during the year ended 31 March 2022 and 31 March 2021. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Consolidated