182 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS Notes As at 31 March 2024 31 March 2023 ASSETS Non-current assets (a) Property, plant and equipment 6 6,235.90 5,426.85 (b) Right of use assets 6 349.97 305.84 (c) Capital work-in-progress 6(a) 200.63 199.33 (d) Investment property 8 42.04 43.12 (e) Other intangible assets 7 30.04 34.52 (f) Intangible assets under development 7(a) - 1.06 (g) Financial assets (i) Investment in subsidiary, joint venture and associate 9 582.10 650.87 (ii) Other investments 10 3.20 3.02 (iii) Other financial assets 11 108.41 99.99 (h) Other non-current assets 12 24.55 49.89 Total non-current assets 7,576.84 6,814.49 Current assets (a) Inventories 13 2,492.18 3,660.98 (b) Financial assets (i) Investments 10 1,130.11 0.03 (ii) Trade receivables 14 286.82 279.09 (iii) Cash and cash equivalents 15(a) 780.52 163.20 (iv) Bank balances other than (iii) above 15(b) 53.14 28.25 (v) Loans 11(a) 0.24 0.31 (vi) Other financial assets 11 126.64 104.78 (c) Current tax assets (net) 46.25 35.03 (d) Other current assets 12 104.76 125.57 Total current assets 5,020.66 4,397.24 Total assets 12,597.50 11,211.73 EQUITY AND LIABILITIES Equity (a) Equity share capital 16 463.98 463.98 (b) Other equity 17 7,571.00 6,903.00 Total equity 8,034.98 7,366.98 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 18 735.53 7.77 (ia) Lease liabilities 43 329.13 271.94 (ii) Other financial liabilities 19 3.67 6.08 (b) Government grant 48 72.81 79.55 (c) Provisions 20 222.81 178.69 (d) Deferred tax liabilities (net) 21 241.59 238.26 Total non-current liabilities 1,605.54 782.29 Current liabilities (a) Financial liabilities (i) Borrowings 18 155.51 1,256.91 (ia) Lease liabilities 43 49.09 48.89 (ii) Trade payables 23 - total outstanding dues of micro and small enterprises; 83.03 61.23 - total outstanding dues of creditors other than micro and small enterprises 1,297.45 676.29 (iii) Other financial liabilities 19 1,019.15 707.14 (b) Other current liabilities 22 241.99 218.28 (c) Government grant 48 6.73 6.73 (d) Provisions 20 104.03 86.99 Total current liabilities 2,956.98 3,062.46 Total equity and liabilities 12,597.50 11,211.73 The accompanying notes referred to above form an integral part of the standalone financial statements. This is the Standalone Balance Sheet referred to in our report of even date. Standalone Balance Sheet as at 31 March 2024 (All amounts in ₹ millions, except share data and where otherwise stated) 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 Officer Chief Financial Officer Company Secretary & Membership No: 207660 M.No.FCA 200974 Compliance Officer M.No. FCS 6317 Place : Hyderabad Place : Hyderabad Date : 29 May 2024 Date : 29 May 2024
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