Bank of baroda

Year ended March 31,
2004
2005
(in Rs. million)
Provision for Non Performing Advances
5,545.15
4,521.65
Provision for Standard Advances
15.98
93.67
Depreciation on Investments
(1,014.61)
8,098.09
Provisions for income tax
5,941.22
2,107.22
Provision for Restructured Standard Accounts
86.57
240.00
Others
885.00
1,648.56
Floating Provision for NPAs (in addition to norms)
4212.00
28.30
Total provisions and contingencies.
15,671.31
16,737.49
Our provisioning in respect of non-performing assets decreased by 18.46% from Rs. 5,545.15 million in fiscal 2004 to Rs.
4,521.65 million in fiscal 2005. This was primarily due to a reduction in the provisions for NPA by the Parent.
Our provisioning for depreciation on investments was Rs. 8,098.09 million in fiscal 2005, as against Rs. 1,014.61 million
written back in fiscal 2004. The provision for depreciation in investments in fiscal 2005 was mainly due to a provision
made for securities transferred from the Available for Sale category to the Held to Maturity category.
Our other provisions were Rs. 1,648.56 million in fiscal 2005 compared with Rs. 885.00 million in fiscal 2004. This was
largely due to provision for wage revision for employees of the Parent.
Our provision for income tax decreased by 64.58% from Rs. 5,941.22 million in fiscal 2004 to Rs. 2,107.22 million in
fiscal 2005 due to lower profit in fiscal 2005.
Net Profit Before Minority Interest
As a result of the foregoing factors, our net profit before minority interest decreased from Rs. 10,487.85 million in fiscal
2004 to Rs. 7,564.72 million in fiscal 2005.
Minority Interest
The share of minority interests increased from Rs. 40.66 million in fiscal 2004 to Rs. 64.53 million in fiscal 2005.

---

288
BANK OF BARODA
Net Profit Attributable to the Group
As a result of the foregoing factors, our net profit decreased from Rs. 10,447.20 million in fiscal 2004 to Rs. 7,500.19
million in fiscal 2005. As a percentage of total income, our net profit decreased from 12.77% in fiscal 2004 to 9.33% in
fiscal 2005.
Fiscal Year Ended March 31, 2004 Compared with the Fiscal Year Ended March 31, 2003
Our total income increased by 7.14% from Rs. 76,371.40 million in fiscal 2003 to Rs. 81,822.32 million in fiscal 2004 and
our total expenditure decreased by 4.18% from Rs. 58,349.38 million in fiscal 2003 to Rs. 55,910.73 million in fiscal 2004.
Our operating profit increased by 43.78% from Rs. 18,022.02 million in fiscal 2003 to Rs. 25,911.58 million in fiscal 2004.
Our net profit increased by 25.04% from Rs. 8354.85 million in fiscal 2003 to Rs. 10,482.12 million in fiscal 2004.
Net Interest Income
Our net interest income increased by 22.05% from Rs. 21,817.73 million in fiscal 2003 to Rs. 26,.628.88 million in fiscal
2004. The following table sets forth the components of our net interest income: