199 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24 Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS Summary of the material accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated) 6(a) Capital Work-in-Progress: As at 31 March 2024 31 March 2023 (i) Ageing schedule of capital work-in-progress (CWIP) Projects in progress < 1 Year 195.23 194.66 1-2 Years 5.40 4.67 2-3 Years - - > 3 Years - - Projects in progress (total) 200.63 199.33 Projects temporarily suspended - - (ii) The Company does not have any material CWIP which is overdue or has exceeded its cost compared to its original plan and hence the disclosure of CWIP completion schedule is not applicable. (iii) CWIP movement schedule: Total Opening as at 1 April 2022 73.73 Additions during the year * 805.33 Capitalisations during the year (679.73) Closing as at 31 March 2023 199.33 Additions during the year * 1,354.21 Capitalisations during the year (1,352.91) Closing as at 31 March 2024 200.63 * includes borrowing cost capitalized aggregating to ₹6.64 (31 March 2023: Nil) 7. Other intangible assets Computer Software Brand Noncompete Procurement network Distribution Network Total Gross Block As at 1 April 2022 90.56 74.55 32.18 43.20 50.25 290.74 Additions during the year 3.98 - - 0.56 0.44 4.98 As at 31 March 2023 94.54 74.55 32.18 43.76 50.69 295.72 Additions during the year 5.28 - - - - 5.28 As at 31 March 2024 99.82 74.55 32.18 43.76 50.69 301.00 Accumulated amortization Up to 1 April 2022 46.66 74.55 32.18 43.08 50.10 246.57 Amortization charge for the year 14.09 - - 0.27 0.27 14.63 Up to 31 March 2023 60.75 74.55 32.18 43.35 50.37 261.20 Amortization charge for the year 9.44 - - 0.18 0.14 9.76 Up to 31 March 2024 70.19 74.55 32.18 43.53 50.51 270.96 Net carrying amount As at 31 March 2023 33.79 - - 0.41 0.32 34.52 As at 31 March 2024 29.63 - - 0.23 0.18 30.04
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