Consolidated Statement of Cash Flow for the year ended 31 March 2023 (All amounts in ` millions, except share data and where otherwise stated) For the year ended 31 March 2023 31 March 2022 Cash flows from investing activities Purchase of PPE and other intangible assets including CWIP and intangible assets under development (833.53) (464.73) Proceeds from sale of PPE 42.64 48.01 Consideration paid towards Business combination (27.11) - Investment in a joint venture (55.00) (104.65) Receipts of government grants - 73.26 Purchase of investments (2,540.00) (2,851.00 ) Proceeds from sale of investments 2,566.22 2,863.07 Interest received 4.29 4.17 Movement in other bank balances, net (4.42) (12.42) Rent received 20.66 19.84 Dividend received 0.01 - Net cash used in investing activities of continuing operations (826.24) (424.45) Net cash generated from / (used in) investing activities of discontinued operations - - Net cash used in investing activities (B) (826.24) (424.45) Cash flows from financing activities Proceeds from rights issue 231.99 - Payment in relation to rights issue (9.79) - Repayment of long term borrowings (37.62) (505.96) Proceeds from short term borrowings, net 1,263.96 - Interest paid (23.62) (30.92) Lease rentals paid* (45.38) (41.68) Dividend paid (116.00) (347.99) Net cash generated from / (used in) financing activities of continuing operations 1,263.54 (926.55) Net cash generated from / (used in) financing activities of discontinued operations - - Net cash generated from / (used in) financing activities (C) 1,263.54 (926.55) Net Change in cash and cash equivalents during the year (A + B + C) (167.75) 128.18 Cash and cash equivalents at the beginning of the year 331.11 202.93 Cash and cash equivalents at the end of the year 163.36 331.11 Note 1: Cash and cash equivalents include: - Included in cash and cash equivalents Cash on hand 2.32 25.81 Balances with banks in current accounts 161.04 305.30 163.36 331.11 (*) includes principal and interest portions This is the Consolidated Statement of Cash Flow referred to in our report of even date. For Walker Chandiok & Co LLP For and on behalf of Board of Directors of Chartered Accountants Heritage Foods Limited Firm’s Registration No: 001076N/N500013 N Bhuvaneswari N Brahmani M Sambasiva Rao Vice Chairperson and Executive Director President Managing Director DIN: 02338940 DIN: 00003741 Sanjay Kumar Jain Srideep Madhavan Nair Kesavan A Prabhakara Naidu Umakanta Barik Partner Chief Executive Off icer Chief Financial Off icer Company Secretary & Membership No: 207660 M.No.FCA 200974 Compliance Off icer M.No. FCS 6317 Place : Hyderabad Place : Hyderabad Date : 25 May 2023 Date : 25 May 2023 253 Consolidated | Financial Statements
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