13. Inventories As at 31 March 2023 31 March 2022 Raw materials (including goods in transit of ` Nil (31 March 2022: ₹7.92)) 711.58 783.25 Work-in-progress 12.03 14.45 Semi fi nished goods 1,457.42 348.32 Finished goods 1,246.11 625.79 Stock-in-trade 70.37 38.70 Packing materials 105.37 100.81 Stores, spares and consumables 58.10 46.09 3,660.98 1,957.41 Note: The write down of inventories to net realisable value during the year ended 31 March 2023 aggregated to ₹41.57 (March 31, 2022 : ₹9.55). This write down is included in the changes in inventories of fi nished goods, semi fi nished goods, stock-in-trade and work-in-progress in the statement of profi t and loss. 14. Trade receivables As at 31 March 2023 31 March 2022 Unsecured, considered good 279.23 179.85 Unsecured, signifi cant increase in credit risk 9.06 7.44 Unsecured, credit impaired 65.45 63.41 353.74 250.70 Less: Allowance for credit loss (74.51) (70.85) Less: Expected credit loss (0.14) (0.09) 279.09 179.76 The movement in the allowance for credit loss and expected credit loss for the year ended 31 March 2023 and 31 March 2022 is as follows: For the year ended March 31, 2023 March 31, 2022 Opening balance at beginning of the year 70.94 11.44 Add: Provision made during the year 6.24 61.27 Less: Bad debts written off during the year (2.53) (1.77) Closing balance at end of the year 74.65 70.94 Trade Receivables ageing schedule as on 31 March 2023 Particulars Outstanding for following periods from due date of payment Less than 6 months 6 months - 1year 1-2 years 2-3 years More than 3 years Total Undisputed Considered good 279.23 - - - - 279.23 Signifi cant increase in credit risk 5.61 - - - - 5.61 Credit impaired - 2.04 63.41 - - 65.45 Disputed Considered good - - - - - - Signifi cant increase in credit risk - - - - 3.45 3.45 Credit impaired - - - - - - Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Heritage Foods Limited | 31st Annual report 2022-23 214
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