UBHL annual report - United Spirits Limited

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Notes 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 52.319 23.130Loans to Related Parties 738.500 -Loans and Advances to Tie-up units:*Considered Good 3,110.899 1,825.566Considered Doubtful 21.519 21.519Taxes and Duties paid in advance 1,636.149 859.990Loans and advances to Employees 33.827 42.992Pre-paid Expenses (including advances to suppliers) 3,085.820 3,269.7228,679.033 6,042.919Less: Provision for Doubtful Advances 21.519 21.5198,657.514 6,021.400* 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) 155,805.403 123,661.179Income arising from Sale by Manufacturers under ‘Tie-up’agreements (Tie-up units) 4,216.502 4,217.395Income from Brand Franchise 442.428 487.458160,464.333 128,366.03213. Other IncomeInterest Income 559.206 421.027Dividend income :From Subsidiary company 33.858 46.555From Others 10.749 5.704Other Non Operating Income:Profit on Sale of Fixed Assets (Net) 4.218 3.628Liabilities no longer required written back 786.627 95.702Bad debts/ Advances recovered - 0.078Scrap Sales 285.829 239.109Insurance Claims 2.148 5.303Miscellaneous 93.237 148.0331,775.872 965.13914. Cost of Materials ConsumedRaw Materials 21,148.853 16,723.491Packing Materials 17,112.629 14,233.02138,261.482 30,956.51249
Notes to the financial statements for the year ended March 31, 2012 (Contd.)Rs. Million2012 201115. Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-tradeOpening Stock:Finished Goods 2,730.874 2,324.645Work-in-Progress 6,406.805 3,919.008Stock-in-trade 111.781 65.5119,249.460 6,309.164Add : Stocks of the Transferor Companies as on April 1, 2010Finished Goods - 80.001Work-in-Progress - 29.356- 109.357Closing Stock:Finished Goods 2,906.990 2,730.874Work-in-Progress 8,172.494 6,406.805Stock-in-trade 86.672 111.78111,166.156 9,249.460Excise Duty on Opening/Closing Stock of Finished Goods (net) 118.488 57.631(1,798.208) (2,773.308)16. Employee Benefits ExpenseSalaries, Wages and Bonus 3,465.574 3,024.661Contribution to Provident and Other Funds 472.495 448.326Staff Welfare Expenses 272.006 225.1644,210.075 3,698.15117. Finance CostsInterest Expense 5,873.900 4,448.929Debt issue costs 69.550 -Exchange Loss (Net) (430.785) 225.7445,512.665 4,674.67318. Other ExpensesConsumption of Stores and Spares 184.356 137.191Power and Fuel 299.668 266.134Rent 922.709 772.709Repairs and Maintenance:Buildings 52.458 45.105Plant and Machinery 114.252 96.810Others 49.372 49.21350
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The TeamAshok CapoorPresident & MDP
Page 16 and 17: Report of the DirectorsYour Directo
Page 18 and 19: Report of the Directors (Contd.)Cou
Page 20 and 21: Report of the Directors (Contd.)ANN
Page 22 and 23: Report of the Directors (Contd.)SL.
Page 24 and 25: Corporate Governance Report (Contd.
Page 32 and 33: CERTIFICATE ON CORPORATE GOVERNANCE
Page 34 and 35: Annexure to Report of the Directors
Page 40 and 41: Annexure to the Auditors' ReportAnn
Page 42 and 43: Appendix 1* to the Auditor's Report
Page 44 and 45: Statement of Profit and Loss for th
Page 46 and 47: Cash Flow statement for the year en
Page 48 and 49: Notes to the financial statements f
Page 78 and 79: Statement Pursuant to Section 212(1
Page 80 and 81: Statement Pursuant to Section 212(1
Page 82 and 83: Auditors' Report to the Board of Di
Page 84 and 85: Consolidated Financial StatementsSt
Page 86 and 87: Consolidated Financial StatementsCa
Page 88 and 89: Consolidated Financial StatementsNo
Page 114 and 115:
Consolidated Financial StatementsNo
Page 116 and 117:
Page 118 and 119:
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Page 122:
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UBHL annual report - United Spirits Limited

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