UBHL annual report - United Spirits Limited

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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
Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)Rs. Million2012 20115.3. Other Current LiabilitiesCurrent maturities of :Long-term borrowings 9,193.275 29,451.627Finance Lease obligations 11.382 5.303Deferred Sales Tax Liability 9.730 -Interest accrued but not due 1,450.026 1,762.064Advance received from Customers 618.929 331.389Unpaid / Unclaimed Dividends 20.202 19.409Unpaid / Unclaimed matured Debentures 0.001 0.001Unpaid / Unclaimed matured Fixed Deposits 110.528 56.576Others:Due to Directors 56.089 62.652Employee payables 470.899 467.220Sales tax payable 1,755.997 1,240.434TDS payable 146.338 106.909Other Liabilities 87.291 70.56013,930.687 33,574.144As required under Section 205C of the Companies Act, 1956, the Company has transferred Rs. 2.847 Million(2011: Rs. 2.801 Million) to the Investor Education and Protection Fund (IEPF) during the year. On March 31, 2012, noamount was due for transfer to the IEPF.5.4. Short-term ProvisionsProposed Dividend 326.987 324.574Corporate Tax on Proposed Dividend 53.046 54.309Fringe Benefit Tax (Net of Payments) 1.389 1.538Employee Benefits:Provision for Gratuity 272.331 226.331Provision for Leave Encashment 107.840 91.255Provision for Leave Travel Allowance 0.845 0.742762.438 698.74986
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The TeamAshok CapoorPresident & MDP
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Report of the DirectorsYour Directo
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Report of the Directors (Contd.)Cou
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Report of the Directors (Contd.)ANN
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Report of the Directors (Contd.)SL.
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Corporate Governance Report (Contd.
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CERTIFICATE ON CORPORATE GOVERNANCE
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Annexure to Report of the Directors
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Annexure to the Auditors' ReportAnn
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Appendix 1* to the Auditor's Report
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Statement of Profit and Loss for th
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Cash Flow statement for the year en
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Notes to the financial statements f
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UBHL annual report - United Spirits Limited

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