Consolidated STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 264 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD As at 31 March 2024 31 March 2023 Current Unsecured, Considered good Balance with statutory authorities 15.36 16.40 Prepaid expenses 58.07 85.40 Advances to suppliers and others 35.68 28.00 109.11 129.80 Unsecured, Considered doubtful Other advances 15.40 15.40 Less: Provision for doubtful advances (15.40) (15.40) - - 109.11 129.80 No advances are due from directors or other officers of the Group either severally or jointly with any other person or amounts due by firms or private companies respectively in which any director is a partner or a director or a member. Refer note 41 for dues from related parties. 13. Inventories As at 31 March 2024 31 March 2023 Raw materials 363.74 828.78 Work-in-progress 17.79 12.03 Semi finished goods 1,179.94 1,457.42 Finished goods (including goods in transit of ₹0.42 (31 March 2023: ₹0.26)) 809.66 1,251.43 Stock-in-trade 62.56 62.03 Packing materials 122.60 111.77 Stores, spares and consumables 62.84 65.99 2,619.13 3,789.45 Note: The write down of inventories to net realisable value during the year ended 31 March 2024 aggregated to ₹66.79 (31 March 2023 : ₹41.57). This write down is included in the changes in inventories of finished goods, semi finished goods and stock-in-trade in the statement of profit and loss. 14. Trade receivables As at 31 March 2024 31 March 2023 Unsecured, considered good 287.21 280.20 Unsecured, significant increase in credit risk 11.69 12.87 Unsecured, credit impaired 79.90 79.65 378.80 372.72 Less: Allowance for credit loss (91.59) (92.52) Less: Expected credit loss (0.15) (0.14) 287.06 280.06 Summary of the material accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)
RkJQdWJsaXNoZXIy NTE5NzY=