Bank of baroda

Year ended March 31,
2004
2005
(in Rs. million)
Provision for Non-Performing Advances
3,271.94
5,545.15
Provision for Standard Advances
160.00
15.98
Depreciation on Investments
50.79
(1014.61)
Provisions for Income Tax
4,210.10
5,941.22
Provision for Restructured Standard Accounts
831.20
86.57
Others
640.79
885.00
Floating Provision for NPAs (in addition to norms)
690.00
4212.00
Total provisions and contingencies
9,854.82
15,671.31
Our provisioning in respect of non-performing assets increased by 69.48% from Rs. 3,271.94 million in fiscal 2003 to Rs.
5,545.15 million in fiscal 2004. This was due to the change in the delinquency norms in India for recognizing NPA from
180 days to 90 days in fiscal 2004.
Our provisioning for depreciation on investments was Rs. (1,014.61) million in fiscal 2004. This was mainly due to
provisions made earlier, no longer required and, hence, written back.
Our other provisions were Rs. 885.00 million in fiscal 2004 compared with Rs. 640.79 million in the fiscal 2003. This
increase was largely due to the provision for wage the revision by the Parent in fiscal 2004.
Income Tax
Our provision for income tax increased by 41.18% from Rs. 4,210.10 million in fiscal 2003 to Rs. 5,941.22 million in fiscal
2004, which was due primarily to an increase in our income.
Net Profit before Minority Interest
As a result of the foregoing factors, our net profit before minority interest increased from Rs. 8,402.53 million in fiscal
2003 to Rs. 10,487.85million in fiscal 2004.
Minority Interest
The share of minority interests decreased from Rs. 47.68 million in fiscal 2003 to Rs. 40.66 million in fiscal 2004.
Net Profit Attributable to the Group
As a result of the foregoing factors, our net profit increased by 25.04% from Rs. 8,225.19 million in fiscal 2003 to Rs.
10,482.21 million in fiscal 2004. As a percentage of total income, our net profit increased from 10.77% in fiscal 2003 to
12.81% in fiscal 2004.

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