220 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS Significant unobservable inputs Assumption made Future growth rate 3% Discount rate 20% Discount for lack of marketability 15% (iii) Reconciliation of level 3 fair value measurement: Amount As at 1 April 2022 2.60 Changes during the year - As at 31 March 2023 2.60 Changes during the year - As at 31 March 2024 2.60 37. Categories of Financial instruments and their fair values The carrying amount of all financial assets and financial liabilities appearing in the financial statements are reasonable approximation of their fair values, except for deferred payment liabilities whose fair value amounts to ₹6.88 and ₹19.67 as on 31 March 2024 and 31 March 2023 respectively. Categories of financial instruments 31 March 2024 31 March 2023 FVTPL FVTOCI Amortised cost FVTPL FVTOCI Amortised cost Financial assets* Quoted equity shares - 0.48 - - 0.30 - Unquoted equity shares - 2.60 - - 2.60 - Investment in government securities - - 0.15 - - 0.15 Investments in mutual funds 1,130.08 - - - - - Trade receivables - - 286.82 - - 279.09 Cash and cash equivalents - - 780.52 - - 163.20 Other bank balances - - 53.14 - - 28.25 Loans - - 0.24 - - 0.31 Other financial assets - - 235.05 - - 204.77 1,130.08 3.08 1,355.92 - 2.90 675.77 (*) excludes the investment in subsidiary, joint venture and associate, which is carried at cost. 31 March 2024 31 March 2023 FVTPL FVTOCI Amortised cost FVTPL FVTOCI Amortised cost Financial liabilities Borrowings - - 891.04 - - 1,264.68 Lease liabilities - - 378.22 - - 320.83 Trade payables - - 1,380.48 - - 737.52 Other financial liabilities - - 1,022.82 - - 713.22 - - 3,672.56 - - 3,036.25 The fair value of the financial assets and financial liabilities are included at an amount at which the instruments could be exchanged in a current transaction between the willing parties, other than in a forced or liquidation sale. 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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