Heritage Foods Limited | 31st Annual Report 2022-23

7(a) Intangible assets under development (IAUD) (i) Intangible assets under development: As at 31 March 2023 31 March 2022 Ageing schedule of Intangible assets under development (IAUD) Projects in progress < 1 Year 1.06 4.15 1-2 Years - 2.25 2-3 Years - - > 3 Years - - Projects in progress (total) 1.06 6.40 Projects temporarily suspended - - (ii) The Group does not have any material IAUD which is overdue or has exceeded its cost compared to its original plan and hence the disclosure of IAUD completion schedule is not applicable. (iii) IAUD movement schedule: Total Opening as at 1 April 2021 25.78 Additions during the year 7.13 Capitalisations during the year (26.51) Closing as at 31 March 2022 6.40 Additions during the year 3.95 Capitalisations during the year (9.30) Closing as at 31 March 2023 1.06 8. Investment property Land Building Total Gross Block Balance as at 1 April 2021 23.30 26.67 49.97 Transfers during the year - - - Balance as at 31 March 2022 23.30 26.67 49.97 Transfers during the year - - - Balance as at 31 March 2023 23.30 26.67 49.97 Accumulated depreciation Up to 31 March 2021 - 4.69 4.69 Depreciation charge for the year - 1.08 1.08 Up to 31 March 2022 - 5.77 5.77 Depreciation charge for the year - 1.08 1.08 Up to 31 March 2023 - 6.85 6.85 Net carrying amount As at 31 March 2022 23.30 20.90 44.20 As at 31 March 2023 23.30 19.82 43.12 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 273 Consolidated | Financial Statements

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