Page 80 - GlaxoSmithKline Pharmaceuticals AR 2012

76
Previous year
Rupees
in lakhs
Rupees in
lakhs
4 LONG TERM BORROWINGS
Interest free sales tax loan from SICOM Limited .. .. .. .. .. 4,14.24 4,59.33
TOTAL .. 4,14.24 4,59.33
Terms of repayment
Interest free Sales Tax Loan from SICOM Limited as at 31st December, 2012 of
Rs. 4,59.33 lakhs (Previous year – Rs. 4,90.52 lakhs) includes Rs. 20.94 lakhs (Previous year –
Rs. 42.78 lakhs) availed under the 1988 Sales Tax deferment Scheme repayable in three
instalments, closing on 31st January, 2014 and Rs. 4,38.39 lakhs (Previous year – Rs. 447.74
lakhs) under the 1993 Sales Tax deferment Scheme repayable in twenty nine instalments
closing on 30th April, 2021. The current maturity amount of Rs. 45.09 lakhs (Previous year –
Rs. 31.19 lakhs) of the loan has been disclosed under Note 8 – Other Current Liabilities.
5 OTHER LONG TERM LIABILITIES
Deposits received .. .. .. .. .. .. .. .. 4,97.35 5,00.49
Others .. .. .. .. .. .. .. .. 0.72 0.72
TOTAL .. 4,98.07 5,01.21
6 LONG TERM PROVISIONS
For Pricing matters (Refer Note 24 and 25) .. .. .. .. .. 129,59.38 129,59.38
For employee benefits .. .. .. .. .. .. ..
Gratuity .. .. .. .. .. .. .. .. 17,20.53 15,88.96
Leave encashment and compensated absences .. .. .. .. 25,84.22 23,00.15
Post retirement medical and other benefits .. .. .. .. .. 34,19.75 27,74.83
For long term incentive plan .. .. .. .. .. .. .. 4,28.18 2,76.39
For divestment / restructuring .. .. .. .. .. .. 16,58.97 17,23.85
For others .. .. .. .. .. .. .. .. 8,33.59 8,57.55
TOTAL .. 236,04.62 224,81.11
7 TRADE PAYABLES
Sundry creditors .. .. .. .. .. .. .. ..
Micro and Small enterprises .. .. .. .. .. .. 2,59.03 1,25.40
Others .. .. .. .. .. .. .. .. 232,12.06 199,32.34
TOTAL .. 234,71.09 200,57.74
8 OTHER CURRENT LIABILITIES
Current Maturity of Long Term Borrowings .. .. .. .. ..
Interest free sales tax loan from SICOM Limited (Refer Note 4) .. .. .. 45.09 31.19
Unpaid dividend* .. .. .. .. .. .. .. .. 16,75.31 13,74.40
Salaries, wages and bonus payable .. .. .. .. .. .. 32,05.77 25,53.90
Statutory dues including provident fund and tax deducted at source .. .. .. 19,32.07 15,29.52
Creditors for capital goods .. .. .. .. .. .. .. 4,50.75 1,38.49
Rationalisation relating to a manufacturing site .. .. .. .. .. 9,93.37 —
Other Payables .. .. .. .. .. .. .. .. 6,23.56 10,97.12
TOTAL .. 89,25.92 67,24.62
* There are no amounts due and outstanding to be credited to Investor Education and
Protection Fund.
9 SHORT TERM PROVISIONS
For proposed equity dividend .. .. .. .. .. .. 423,51.50 381,16.35
For tax on distributed profit .. .. .. .. .. .. 68,70.47 63,30.65
For provision for taxation (net) .. .. .. .. .. .. — 49.47
For Pricing matters (Refer Note 24) .. .. .. .. .. .. — 136,82.00
For employee benefits .. .. .. .. .. .. ..
Gratuity .. .. .. .. .. .. .. .. 39.65 1,92.55
Leave encashment and compensated absences .. .. .. .. 1,69.00 1,15.40
Post retirement medical and other benefits .. .. .. .. .. 2,33.05 2,12.06
For long term incentive plan .. .. .. .. .. .. 2,01.37 1,94.12
For rationalisation relating to a manufacturing site. .. .. .. .. 12,74.50 —
For other short term provisions (including statutory levies) .. .. .. .. 1,03.30 2,84.39
TOTAL .. 512,42.84 591,76.99
Notes to the Consolidated Financial Statements for the year ended 31st December, 2012 — continued