Bank of baroda

Changes in Accounting Policies in the Last Three Fiscal Years
In fiscal 2005, the basis of consolidation of overseas Subsidiaries and Associates was changed by way of adjusting their
financial statements to conform to the Parent’s accounting policies. The same has no material impact on the consolidated
financial statements.
Segment Reporting
In line with RBI guidelines on compliance with Accounting Standard 17 - Segment Reporting issued by the Institute of
Chartered Accountants of India, we have recognized business segments as our primary reporting segment and geographical
segments as our secondary segment. We report Treasury Operations and Other Banking Operations as our two business
segments and report Domestic Operations and International Operations as our two geographical segments.
Business Segments
Our Treasury Operations comprise money market operations, investment in fixed income and money market, forex
transactions and derivatives dealings. Our Other Banking Operations comprise the Group’s banking operations and other
operations comprising credit cards, capital markets and asset management. The table below sets forth our revenue from
Treasury Operations and Other Banking Operations and total revenue for the periods indicated.
(Rs. in million)
Fiscal 2003
Fiscal 2004
Fiscal 2005
Six months
Six months
ended
ended
September 30,
September 30,
2004
2004
Business Segment Revenue
(1)
:
Treasury Operations
35,049.10
43,463.90
41,320.40
22,307.90
19,731.00
Other Banking Operations
41,322.30
38,358.40
39,034.00
17,412.90
20,835.50
Total Revenue
76,371.40
81,822.30
80,354.40