184 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS Standalone Statement of Cash Flow for the year ended 31 March 2024 (All amounts in ₹ millions, except share data and where otherwise stated) For the year ended 31 March 2024 31 March 2023 Cash flow from operating activities Profit before tax 1,273.94 893.38 Adjustments: Depreciation and amortization expense 584.32 538.50 Impairment losses on assets 6.68 2.08 Impairment losses on investments 167.95 - Provision for doubtful advances - 0.80 Provision for doubtful debts and bad debts written off 9.86 6.24 Advances written off 0.96 0.72 Profit on sale of Property, plant and equipment (“PPE”) (26.83) (23.37) Gain on investments (35.55) (25.94) Provisions no longer required/ credit balances written back (10.24) (12.96) Interest income (3.55) (2.32) Interest expenses 75.73 25.09 Guarantee income (5.55) (4.25) Property, plant and equipment written off 12.93 4.43 Amortisation of government grants (6.74) (6.74) Lease rental income (12.42) (22.24) Dividend income on long term investments (0.01) (0.01) Operating profits before working capital changes 2,031.48 1,373.41 Movements in working capital: Changes in inventories 1,168.80 (1,703.57) Changes in trade receivables (17.59) (105.57) Changes in loans 0.07 0.58 Changes in other assets 20.04 46.26 Changes in other financial assets (44.87) (56.81) Changes in trade payables 642.96 (88.99) Changes in provisions 47.03 17.93 Changes in other financial liabilities 244.50 29.46 Changes in other liabilities 25.21 110.00 Cash generated from / (used in) operating activities 4,117.63 (377.30) Income tax paid, net (367.89) (230.97) Net cash generated from / (used in)operating activities (A) 3,749.74 (608.27)
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