Annual Report 2011 - 2012 - United Breweries Limited

Notes to Financial Statements (contd.)(All amounts in Rs.lacs, unless otherwise stated)As atMarch 31, 2012As atMarch 31, 201121. CONTINGENT LIABILITIESa) Sales Tax / other taxes demands under appeal # 1,349 1,304b) Employees state insurance / Provident Fund demand # 19 23c) Demand towards water charges under appeal # 2,694 1,825d) Excise Duty / Customs Duty demands under appeal # 392 413e) Income Tax demands under appeal # 10,238 4,038f) Service Tax demands under appeal # 7,513 2,446g) Claims against the company not acknowledged as debt # 1,002 413h) Letter of undertaking to distributors towards countervailing duty forimports from Nepal # — 38523,207 10,847# It is not practicable for the company to estimate the timing of cashflows if any, in respect of the above, pendingresolution of the respective proceedings. The company does not expect any reimbursements in respect of theabove contingent liabilities.As atMarch 31, 2012As atMarch 31, 201122. PROPOSED DIVIDENDSDividend payable on Preference share capital @ Rs.3 per share(2011: Rs.3 per share)242 741Dividend distribution tax payable on above 39 120Proposed dividend on equity shares @ Re.0.70 per share(2011: Re.0.60 per share)1,851 1,582Dividend distribution tax payable on above 300 257Total 2,432 2,700There are no arrears of dividend related to preference shares52As atMarch 31, 2012As atMarch 31, 201123. Disclosure of dues / payments to micro and small enterprisesto the extent such enterprises are identified by the company.a) The principal amount remaining unpaid as at year end 272 161b) Interest due thereon remaining unpaid on year end 2 1c) The amount of interest paid by the buyer in terms of section 16 of theMicro, Small and Medium Enterprises Development Act, 2006, along withthe amount of the payment made to the supplier beyond the appointed— —day during each accounting yeard) 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 inrespect of principal amount settled during the year41 10g) The amount of further interest remaining due and payable even in thesucceeding years, until such date when the interest dues as above areactually paid to the small enterprise, for the purpose of disallowance as a43 43deductible expenditure under section 23 of the Micro, Small and MediumEnterprises Development Act, 2006The 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.