Consolidated STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 276 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD 25. Other income For the year ended 31 March 2024 31 March 2023 Interest income - Bank and other deposits 3.76 2.49 - Others 0.95 1.47 Guarantee income 2.20 2.20 Dividend income on long term investments 0.01 0.01 Subsidy transferred from deferred government grant (under capital subsidy scheme) 6.73 6.73 Lease rental income 11.67 21.19 Provisions no longer required/ credit balances written back 14.20 21.00 Gain on sale of Property, plant and equipment (net) 26.64 23.37 Gain on redemption of investments (net) 37.61 26.22 Gain on foreign exchange fluctuations, net 0.03 0.02 Other non operating income 15.85 15.87 119.65 120.57 26. Cost of materials consumed For the year ended 31 March 2024 31 March 2023 Raw Material* Opening stock 828.78 859.68 Add: Purchases during the year 27,157.94 26,343.17 Less: Closing stock 363.74 828.78 27,622.98 26,374.07 Packing Material* Opening stock 111.77 108.22 Add: Purchases during the year 1,330.73 1,266.29 Less: Closing stock 122.60 111.77 1,319.90 1,262.74 28,942.88 27,636.81 *Disclosed based on derived figures, rather than actual records of receipts. 27. Changes in inventories of finished goods, semi finished goods, stock-in- trade and work-in-progress For the year ended 31 March 2024 31 March 2023 Opening balance - Finished goods 1,251.43 637.32 - Semi finished goods 1,457.42 348.32 - Work-in-progress 12.03 14.45 - Stock-in-trade 62.04 37.04 2,782.92 1,037.13 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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