21. Deferred tax liabilities (net) As at 31 March 2023 31 March 2022 Deferred tax liabilities arising on account of: Property, Plant and Equipment (“PPE”) 398.14 382.12 398.14 382.12 Deferred tax assets arising on account of: Provision for trade receivables & advances and unrealised gain on inventories (32.48) (31.96) Provision for employee benefi ts (71.57) (65.68) Minimum alternate tax (“MAT”) credit entitlement (11.85) (10.84) Government grant (21.25) (22.93) Interest on GST liability (8.69) (8.69) Revaluation of investments at FVTOCI to fair value (0.62) (0.62) Right-of-use assets (4.29) (1.37) Unabsorbed tax depreciation - (1.02) (150.75) (143.11) 247.39 239.02 Movement in deferred tax liabilities, net PPE Provision for employee benefits MAT credit entitlement Others Total As at 1 April 2021 332.30 (62.08) (9.86) (19.79) 240.57 Charged/ recognised - to Statement of Profi t and Loss 49.82 (3.43) (0.98) (46.79) (1.38) - to OCI - (0.17) - - (0.17) As at 31 March 2022 382.12 (65.68) (10.84) (66.58) 239.02 Charged/ recognised - to Statement of Profi t and Loss 16.02 (4.93) (1.01) (0.75) 9.33 - to OCI - (0.96) - - (0.96) As at 31 March 2023 398.14 (71.57) (11.85) (67.33) 247.39 22. Other current liabilities As at 31 March 2023 31 March 2022 Current Advances from customers* 126.30 30.01 Capital advances 1.50 6.25 Statutory dues payable 94.31 80.40 222.11 116.66 (*) represents contract liabilities against which the Group has recognized a revenue of ₹30.01 from the amounts included under advances from customers at the beginning of the year. 23. Trade payables As at 31 March 2023 31 March 2022 Total outstanding dues of micro and small enterprises 63.77 77.02 Total outstanding dues of creditors other than micro and small enterprises 384.99 441.66 448.76 518.68 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 2022-23 286
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