200 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD 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) 7(a) Intangible assets under development: As at 31 March 2024 31 March 2023 (i) Ageing schedule of Intangible assets under development (IAUD) Projects in progress < 1 Year - 1.06 1-2 Years - - 2-3 Years - - > 3 Years - - Projects in progress (total) - 1.06 Projects temporarily suspended - - (ii) The Company does not have any material IAUD which is overdue or has exceeded its cost compared to its original plan and hence the disclosure of IAUD completion schedule is not applicable. (iii) IAUD movement schedule: Total Opening as at 1 April 2022 1.09 Additions during the year 3.95 Capitalisations during the year (3.98) Closing as at 31 March 2023 1.06 Additions during the year 4.22 Capitalisations during the year (5.28) Closing as at 31 March 2024 - 8. Investment property Land Building Total Gross Block As at 1 April 2022 23.30 26.67 49.97 Additions / transfers during the year - - - As at 31 March 2023 23.30 26.67 49.97 Additions / transfers during the year - - - As at 31 March 2024 23.30 26.67 49.97 Accumulated depreciation Up to 1 April 2022 - 5.77 5.77 Depreciation charge for the year - 1.08 1.08 Up to 31 March 2023 - 6.85 6.85 Depreciation charge for the year - 1.08 1.08 Up to 31 March 2024 - 7.93 7.93 Net carrying amount As at 31 March 2023 23.30 19.82 43.12 As at 31 March 2024 23.30 18.74 42.04
RkJQdWJsaXNoZXIy NTE5NzY=