Consolidated STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 273 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24 (vii) Sensitivity analysis Reasonably possible changes as at 31 March 2024 to one of the relevant actuarial assumptions, holding other assumptions constant, can affect the defined benefit obligation by the amounts shown below. As at 31 March 2024 Increase Decrease Discount rate (1% movement) 9.08 10.19 Salary escalation rate (1% movement) 9.59 8.75 Attrition rate (1% movement) 0.92 1.05 (viii) The Group expects to contribute ₹Nil as its contribution to gratuity within one year from the year ended 31 March 2024. (ix) Maturity analysis of Gratuity as on 31 March 2024 is as follows: As at 31 March 2024 31 March 2023 Weighted average duration of the defined benefit obligation 5 Years 5 Years Maximum gratuity contribution per person 2.00 2.00 Expected cash flows over the years (valued on discounted basis): Within one year 37.08 32.46 Within two to five years 102.47 110.21 More than five years 95.01 174.74 234.56 317.41 21. Deferred tax liabilities (net) As at 31 March 2024 31 March 2023 Deferred tax liabilities arising on account of: Property, Plant and Equipment (“PPE”) 421.17 398.14 421.17 398.14 Deferred tax assets arising on account of: Provision for trade receivables & advances and unrealised gain on inventories (31.36) (32.48) Provision for employee benefits (87.65) (71.57) Minimum alternate tax (“MAT”) credit entitlement (4.44) (11.85) Government grant (19.59) (21.25) Interest on GST liability (8.69) (8.69) Revaluation of investments at FVTOCI to fair value (0.62) (0.62) Right-of-use assets (7.48) (4.29) (159.83) (150.75) 261.33 247.39 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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