UBHL annual report - United Spirits Limited

Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)Rs. Million2012 201111.5. Short Term Loans and Advances(Unsecured, considered good unless stated otherwise)Income accrued on Investments and Deposits 413.474 126.699Advances to Tie-up units:*Considered Good 3,110.899 1,825.566Considered Doubtful 21.519 21.519Taxes and Duties paid in advance 1,497.878 755.141Loans and advances to Employees 33.795 47.561Pre-paid Expenses (including advances to suppliers) 4,569.231 4,394.2829,646.796 7,170.768Less: Provision for Doubtful Advances 21.519 21.5199,625.277 7,149.249* Includes an amount of Rs. 1,060.593 Million (2011: Rs. 233.991 Million) due from the Tie-upunits which secured by the assets of the Tie-up unit and/or equity shares of the Tie-up unit.11.6. Other Current AssetsAssets held for sale (net of provisions) 1.346 1.4841.346 1.48412. Revenue from OperationsSales (Gross) 176,842.665 136,912.220Income arising from Sale by Manufacturers under 'Tie-up'agreements (Tie-up units) 4,154.229 4,217.395Income from Brand Franchise 484.130 499.222Income from IPL Franchise 854.390 458.719182,335.414 142,087.55613. Other IncomeInterest Income 983.360 590.011Dividend income on Current Investments 12.937 19.197Profit on Sale of Investments - 0.202Other Non Operating Income:Lease Rent 217.329 226.017Profit on Sale of Fixed Assets (Net) 69.164 191.756Liabilities no longer required written back 825.740 95.718Bad debts/ Advances recovered 0.002 0.093Scrap Sales 369.454 242.920Insurance Claims 2.148 5.303Provision for Onerous Lease written back 2.731 531.612Miscellaneous 209.257 208.3962,692.122 2,111.22514. Cost of Materials ConsumedRaw Materials 27,767.222 18,366.737Packing Materials 18,862.524 15,398.36046,629.746 33,765.09793