14. Trade receivables As at 31 March 2023 31 March 2022 Unsecured, considered good 280.20 184.89 Unsecured, signifi cant increase in credit risk 12.87 7.44 Unsecured, credit impaired 79.65 86.45 372.72 278.78 Less: Allowance for credit loss (92.52) (93.89) Less: Expected credit loss (0.14) (0.09) 280.06 184.80 (a) 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 31 March 2023 31 March 2022 Opening balance at beginning of the year 93.98 45.59 Add: Provision made during the year 6.25 61.27 Less: Amount recovered during the year (4.97) (9.80) Less: Bad debts written off during the year (2.60) (3.08) Closing balance at end of the year 92.66 93.98 (b) Trade receivables ageing schedule Particulars Outstanding for following periods from due date of payment Less than 6 months 6 months - 1 year 1-2 years 2-3 years More than 3 years Total As at 31 March 2023 Undisputed Considered good 280.20 - - - - 280.20 Signifi cant increase in credit risk 5.62 - - - - 5.62 Credit impaired - 2.04 63.41 - - 65.45 Disputed Considered good - - - - - - Signifi cant increase in credit risk - - - - 7.25 7.25 Credit impaired - - - - 14.20 14.20 As at 31 March 2022 Undisputed Considered good 184.88 0.01 - - - 184.89 Signifi cant increase in credit risk 2.74 - - - - 2.74 Credit impaired 63.41 - - - - 63.41 Disputed Considered good - - - - - - Signifi cant increase in credit risk - - - - 4.70 4.70 Credit impaired - - - 0.39 22.65 23.04 Trade receivables include dues aggregating to ₹2.21 (31 March 2022: ₹0.30) receivable from Heritage Novandie Foods Private Limited, in which Director of the Holding Company is a Director. 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 2022-23 278
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