Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Mar. 31, 2011

Schedule II - Valuation and Qualifying Accounts

Schedule II - Valuation and Qualifying Accounts

Schedule II - Valuation and Qualifying Accounts

Universal Corporation

Fiscal Years Ended March 31, 2011, 2010, and 2009

Description	Balance at Beginning of Period		Net Additions (Reversals) Charged to Expense			Additions Charged to Other Accounts		Deductions (a)			Balance at End of Period
(in thousands of dollars)
Fiscal Year Ended March 31, 2009
Allowance for doubtful accounts (deducted from accounts receivable and other noncurrent assets)	$	7,920	$	(913	)	$	—	$	(970	)	$	6,037
Allowance for supplier accounts (deducted from advances to suppliers and other noncurrent assets)		21,585		26,908			—		(20,329	)		28,164
Allowance for recoverable taxes (deducted from other current assets and other noncurrent assets)		4,648		8,871			—		(1,262	)		12,257
Fiscal Year Ended March 31, 2010
Allowance for doubtful accounts (deducted from accounts receivable and other noncurrent assets)	$	6,037	$	697		$	—	$	123		$	6,857
Allowance for supplier accounts (deducted from advances to suppliers and other noncurrent assets)		28,164		18,514			—		9,565			56,243
Allowance for recoverable taxes (deducted from other current assets and other noncurrent assets)		12,257		3,174			—		2,162			17,593
Fiscal Year Ended March 31, 2011
Allowance for doubtful accounts (deducted from accounts receivable and other noncurrent assets)	$	6,857	$	(681	)	$	—	$	(573	)	$	5,603
Allowance for supplier accounts (deducted from advances to suppliers and other noncurrent assets)		56,243		18,666			—		29			74,938
Allowance for recoverable taxes (deducted from other current assets and other noncurrent assets)		17,593		3,785			—		748			22,126

(a) Includes direct write-offs of assets and currency remeasurement.