Annual Report 2011 - 2012 - United Breweries Limited

Notes to the Consolidated Financial Statements (contd.)
(All amounts in Rs.lacs, unless otherwise stated)
21. CONTINGENT LIABILITIES
As at
March 31, 2012
As at
March 31, 2011
a) Sales Tax/other taxes demands under appeal # 1,349 1,304
b) Employees state insurance/Provident Fund demand # 19 23
c) Demand towards water charges under appeal # 2,694 1,825
d) Excise Duty/Customs Duty demands under appeal # 491 413
e) Income Tax demands under appeal # 10,345 4,038
f) Service Tax demands under appeal # 7,513 2,446
g) Claims against the company not acknowledged as debt # 1,002 413
h) Letter of undertaking to distributors towards countervailing
duty for imports from Nepal # — 385
23,413 10,847
# It is not practicable for the company to estimate the timing of cashflows if any, in respect of the above, pending
resolution of the respective proceedings. The company does not expect any reimbursements in respect of the
above contingent liabilities.
22. PROPOSED DIVIDENDS
Dividend payable on Preference share capital @ Rs.3 per share
242 741
(2011: Rs.3 per share)
Dividend distribution tax payable on above 39 120
Proposed dividend on equity shares @ Re.0.70 per share (2011: Re.0.60 per share) 1,851 1,582
Dividend distribution tax payable on above 300 257
Dividend Payable of Subsidiary @ Rs.10 per share (2011: Rs.10 per share) 4 2
Dividend Distribution tax payable on above 2 1
Total 2,438 2,703
There are no arrears of dividend related to preference shares
23. Disclosure of dues/ payments to micro and small enterprises to the extent such enterprises are
identified by the company.
a) The principal amount remaining unpaid as at year end 272 161
b) Interest due thereon remaining unpaid on year end 2 1
c) The amount of interest paid by the buyer in terms of section 16 of the Micro,
Small and Medium Enterprises Development Act, 2006, along with the amount
of the payment made to the supplier beyond the appointed day during each
accounting year
— —
d) Delayed payment of principal beyond the appointed date during the year — —
e) Interest actually paid under section 16 of MSME Act, 2006 — —
f) The amount of interest accrued and remaining unpaid on year end in respect
of principal amount settled during the year
g) The amount of further interest remaining due and payable even in the
succeeding years, until such date when the interest dues as above are actually
paid to the small enterprise, for the purpose of disallowance as a deductible
expenditure under section 23 of the Micro, Small and Medium Enterprises
Development Act, 2006
41 10
43 43
The information given above has been determined to the extent such parties have been identified by the Company,
on the basis of information disclosed by the creditors, which has been relied upon by the auditors.
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