(iii) Details of carrying values of assets and liabilities classified as held for sale as at 31 March 2023 and 31 March 2022 are as follows: As at 31 March 2023 31 March 2022 Assets Cash and cash equivalents - - Other assets - 0.04 Total assets - 0.04 Liabilities Trade payables - - Total liabilities - - Net assets - 0.04 48. Interest in a material joint venture (a) The Group has interest in a single joint venture (“HNFPL”), which, in the opinion of the Holding Company’s Board of Directors, is material to the Group. The principal activity of HNFPL is manufacturing and selling of fruit and fl avoured yoghurts. The joint venture has share capital consisting solely of equity shares, which are held directly by the Holding Company. The country of incorporation is also its principal place of business, and the proportion of ownership interest is the same as the proportion of voting rights held. Refer note 40 for further details. Equity shares of the joint venture are unlisted, therefore no quoted price is available. (b) The tables below provide summarised fi nancial information about the joint venture. The information disclosed refl ects the amounts presented in the fi nancial statements of the joint venture and not the Group’s share of those amounts. (i) Summarised Balance Sheet As at 31 March 2023 31 March 2022 Assets Non-current assets Property, Plant and Equipment 359.77 359.25 Capital work-in-progress 0.08 5.98 Other intangible assets 0.55 0.79 Other fi nancial assets 0.61 0.45 Other non-current assets 6.88 7.22 Total non-current assets 367.89 373.69 Current assets Inventories 9.52 4.18 Other fi nancial assets 18.22 98.31 Other current assets 31.32 14.16 Total current assets 59.06 116.65 Total assets 426.95 490.34 Liabilities Non-current liabilities Financial liabilities (i) Borrowings 63.55 91.89 (ii) Lease liabilities 13.03 12.67 (iii) Provisions 0.42 - Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 305 Consolidated | Financial Statements
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