UBHL annual report - United Spirits Limited

Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)Rs. Million2012 20114.2. Other Long term LiabilitiesSecurity Deposits 237.457 137.386237.457 137.3864.3. Long-term ProvisionsEmployee Benefits:Provision for Death Relief Scheme 20.332 18.536Provision for Shortfall in PF Trust 137.199 138.659Provision for Leave Encashment 237.612 204.196Provision for Pension Liability 700.195 106.351Provision for Contingencies 2.037 1.581Onerous Lease Provision (Refer Note 22) 591.424 521.5301,688.799 990.8535.1. Short Term BorrowingsSecuredWorking capital loans from banks 17,920.928 9,087.678UnsecuredShort term loan from banks 3,350.000 3,950.00021,270.928 13,037.678a) Working capital loans are secured by hypothecation of inventories (except those held outside India), book debtsand other current assets.b) The Company has re-negotiated the repayment terms for a short term loan from banks falling due on March 30,2012, amounting to Rs 500 Million.5.2. Trade PayablesAcceptances* 3,159.574 1,409.088Trade Creditors 16,791.538 12,667.41419,951.112 14,076.502* Includes bills drawn against inland letters of credit of Rs 2,504.031 Million (2011: Rs 1,055.713 Million) and securedby a charge on debtors, inventories and other current assets.85