Heritage Foods Limited | 32nd Annual Report 2023-24

213 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24 Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS Movement in deferred tax liabilities, net Borrowings Property, plant and equipment Provision for employee benefits Receipt of government grant Interest on GST liability Others Total As at 1 April 2022 - 350.16 (64.41) (22.93) (8.69) (22.26) 231.87 Charged - to Statement of Profit and Loss - 14.31 (4.68) 1.68 - (3.89) 7.42 - to OCI - - (1.03) - - - (1.03) As at 31 March 2023 - 364.47 (70.12) (21.25) (8.69) (26.15) 238.26 Charged - to Statement of Profit and Loss - 21.55 (12.07) 1.66 - (4.25) 6.89 - to OCI - - (3.56) - - - (3.56) As at 31 March 2024 - 386.02 (85.75) (19.59) (8.69)(30.40) 241.59 22. Other liabilities As at 31 March 2024 31 March 2023 Current Advances from customers* 111.95 124.96 Capital advances - 1.50 Statutory dues payable 130.04 91.82 241.99 218.28 *represents contract liabilities against which the Company has recognized a revenue of ₹124.96 (31 March 2023: ₹29.33) from the amounts included under advances from customers at the beginning of the year. 23. Trade payables As at 31 March 2024 31 March 2023 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 1,380.48 737.52 Trade payables ageing schedule as on 31 March 2024 Particulars Less than 1 year 1-2 years 2-3 years More than 3 years Total (i) MSME 83.03 - - - 83.03 (ii) Others 1,296.91 0.21 0.14 0.19 1,297.45 (iii) Disputed dues - MSME - - - - - (iv) Disputed dues - Others - - - - - 1,379.94 0.21 0.14 0.19 1,380.48 Trade payables ageing schedule as on 31 March 2023 Particulars Less than 1 year 1-2 years 2-3 years More than 3 years Total (i) MSME 61.23 - - - 61.23 (ii) Others 675.51 0.50 0.15 0.13 676.29 (iii) Disputed dues - MSME - - - - - (iv) Disputed dues - Others - - - - - 736.74 0.50 0.15 0.13 737.52 Summary of the material accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)

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