Consolidated STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 294 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD (i) Dairy vertical: Under this vertical, the Group manufactures and market a complete range of milk and milk products. (ii) Renewable energy vertical: Under this vertical, the Group produces power for captive consumption through its solar and wind power plants. (iii) Feed vertical: Under this vertical, the Group manufactures wide varieties of cattle and fish feeds. No operating segments have been aggregated to form the above reportable segments. Segment performance is evaluated based on revenue and earnings before interest and tax and is measured consistently in line with the measurement principles used in the financial statements, expect adjustments not made to operating segments on individual basis. The items which are not allocated to individual operating segments are gains or losses on financial instruments, taxes, impairment on financial instruments, finance costs, interest income among others. Refer reconciliation below for further details. The table below presents segment wise information of revenue, results, assets and liabilities: Particulars For the year ended and as at 31 March 2024 For the year ended and as at 31 March 2023 Segment revenue Segment results Segment assets Segment liabilities Segment revenue Segment results Segment assets Segment liabilities Dairy 37,334.99 1,481.28 9,080.05 4,245.20 32,079.87 899.97 9,389.46 3,603.01 Renewable energy 90.29 29.00 568.86 75.73 78.22 22.93 522.90 3.49 Feed 1,601.43 83.50 554.96 167.36 1,069.10 24.33 585.93 166.11 Inter-segment revenue (1,087.67) - - - (820.65) - - - Unallocated - - 2,607.12 241.11 - - 751.88 218.89 Total 37,939.04 1,593.78 12,810.99 4,729.40 32,406.54 947.23 11,250.17 3,991.50 Reconciliation of segment results to profit before tax from continuing operations: For the year ended 31 March 2024 31 March 2023 Amount as per segment results 1,593.78 947.23 Less: Finance costs 90.60 39.02 Share of loss of an associate and a joint venture 65.43 85.23 Other unallocable expenses 31.39 37.94 187.42 162.19 Add: Interest income 6.91 6.16 Other unallocable income 37.60 26.23 44.51 32.39 Profit before tax from continuing operations 1,450.87 817.43 Geographical information Revenue disaggregation geography wise information has been disclosed under note 24 to the consolidated financial statements. Further 100% of the Group’s non-current and current assets as at 31 March 2024 and 31 March 2023 were located in India. Major customers The Group has no single customer who has contributed more than 10% of the Group’s total revenue during the year ended 31 March 2024 and 31 March 2023. Summary of the material accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)
RkJQdWJsaXNoZXIy NTE5NzY=