Bank of baroda

For T.R. Chadha & Co.
For S. Venkatram & Co.
Chartered Accountants
Chartered Accountants
Sd/-
Sd/-
(Vikas Kumar)
(S. Swaminathan)
Partner
Partner
Membership No. 75363
Membership No. 24737
For Ray & Ray
For G. Basu & Co.
Chartered Accountants
Chartered Accountants
Sd/-
Sd/-
(Arvind N Yennemadi)
(D.D. Chanchani)
Partner
Partner
Membership No. 31004
Membership No. 5570
For G.P. Kapadia & Co.
For B.C. Jain & Co.
Chartered Accountants
Chartered Accountants
Sd/-
Sd/-
(Nimesh Bhimani)
(K.M.Gupta)
Partner
Partner
Membership No. 30547
Membership No. 70469
Place : Mumbai
Dated : 20.12.2005

---

162
BANK OF BARODA
SUMMARY STATEMENT OF PROFIT AND LOSS RESTATED
ANNEXURE - A-I
(Rs. in million)
Sr.
AUDITED
LIMITED REVIEW
No.
FINANCIAL YEAR ENDED 31ST MARCH
HALF YEAR ENDED
2001
2002
2003
2004
2005
Sep-04
Sep-05
A
INCOME
1
Interest Earned
57,573.42
59,555.48
60,975.55 61,470.69 64,314.18 30,765.52 33,672.76
1.1
Interest & Discount on advances / bills
29,382.50
30,596.24
30,662.00 28,008.28
29,027.51
14,231.28
17,237.86
1.2
Income on Investment
21,508.26
23,677.05
27,032.53 29,321.76
29,889.77
14,594.49
14,863.01
1.3
Interest on balance with RBI and other
6,128.01
4,289.75
2,302.78
1,973.69
2,354.65
1,209.51
1,303.80
Inter Bank Lending
1.4
Interest on Income Tax
414.27
471.28
47.99
1,110.04
1,889.81
99.71
0.02
1.5
Others
140.39
521.17
930.26
1,056.93
1,152.44
630.53
268.07
2
OTHER INCOME
7,062.78
9,931.66
12,617.02 17,190.06 13,048.28
7,540.61
5,183.21
2.1
Commission, Exchange & Brokerage
2,977.27
3,054.75
3,441.17
3,444.48
3,425.99
1,695.53
1,702.43
2.2
Profit on sale of investments (Net)
1,019.69
4,153.82
6,315.18 10,175.30
5,351.50
3,752.19
1,399.47
2.3
Profit on revaluation of investments (Net)
6.20
0.00
0.00
0.00
0.00
0.00
0.00
2.4
Profit on sale of land, building &
(1.27)
11.38
0.49
1.14
0.20
0.82
0.16
other assets (Net)
2.5
Profit on exchange transaction (Net)
1,344.32
1,174.51
1,382.71
1,695.62
1,932.68
1,037.09
681.84
2.6
Income earned by way of dividends,
14.06
50.83
63.62
114.70
189.65
187.38
110.97
etc. from Subsidiaries/companies/ joint
ventures in India
2.7
Miscelleneous Income
1,702.50
1,486.39
1,413.85
1,758.83
2,148.24
867.60
1,288.34
TOTAL INCOME
64,636.19
69,487.15
73,592.57 78,660.75 77,362.46 38,306.13 38,855.97
B
EXPENDITURE
1
Interest Expended
38,195.47
40,761.06
39,941.91 35,754.83 34,521.46 17,052.16 18,268.16
1.1
Interest on Deposits
35,809.03
38,483.54
37,753.75 33,647.27
32,479.64
16,042.14
16,930.47
1.2
Interest on RBI/ Inter-Bank borrowings
753.54
719.09
650.15
486.91
303.84
141.64
424.97
1.3
Others
1,632.89
1,558.43
1538.02
1,620.64
1,737.98
868.38
912.72
Operating Expenses
16,075.98
15,633.50
16,484.40 18,053.03 19,821.86
9,789.94 11,078.41
1
Payment to & provision for employees
11,457.34
10,562.64
11,285.88 12,525.22
13,810.52
6,857.94
7,417.99
2
Rent, Taxes & Lighting
1,192.29
1,536.60
1,459.67
1,643.08
1,673.23
874.48
779.95
3
Printing and Stationery
191.45
184.73
179.41
190.65
184.12
83.42
88.95
4
Advertisement and publicity
62.36
57.34
94.64
241.09
104.11
23.13
156.86
5
Depreciation on Banks Properties (net
772.48
912.69
886.11
755.70
818.77
426.57
394.15
of amounts adusted against revaluation
reserve)
6
Directors Fees, Allowances & Expenses
2.18
3.91
4.23
4.61
3.98
0.00
2.25
7
Auditor’s Fees & Expenses
110.45
113.91
124.61
181.64
167.56
94.06
87.51
8
Law Charges
124.24
97.91
102.86
102.87
103.24
50.74
45.59
9
Postage, Telegrames, Telephones, etc.
139.25
137.02
157.88
128.54
173.21
74.78
95.59
10
Repairs & Maintenance
305.88
284.78
339.44
383.59
416.67
207.76
214.11
11
Insurance
287.49
323.93
361.82
420.33
634.60
304.44
401.17
12
Other Expenditure
1,430.59
1,418.05
1,487.84
1,475.71
1,731.87
792.62
1,394.29
TOTAL EXPENDITURE
54,271.45
56,394.56
56,426.31 53,807.85 54,343.32 26,842.10 29,346.57

---

163
(Rs. in million)
Sr.
AUDITED
LIMITED REVIEW
No.
FINANCIAL YEAR ENDED 31ST MARCH
HALF YEAR ENDED
2001
2002
2003
2004
2005
Sep-04
Sep-05
Operating Profit (before Provision &
10,364.74
13,092.58
17,166.26 24,852.90 23,019.14 11,464.03
9,509.40
Contingencies)
Less: Provisions & Contingencies
5,866.71
5,218.57
5,561.22
9,523.79
14,387.96
4,078.41
3,828.54
(Other than Provision for Tax)
Profit Before Tax
4,498.03
7,874.01
11,605.04 15,329.11
8,631.17
7,385.62
5,680.86
Provision for Tax
1,851.42
2,497.14
3,977.20
5,659.15
1,862.77
2,322.62
1,520.77
Net Profit after tax
2,646.61
5,376.87
7,627.84
9,669.96
6,768.40
5,063.00
4,160.09
Add: Amount transferred from
264.66
0.00
0.00
0.00
0.00
0.00
0.00
Investment Fluctuation Reserve
Net Profit for the Year/ half-year as per
2,911.27
5,376.87
7,627.84
9,669.96
6,768.40
5,063.00
4,160.09
Financial Statements
APPROPRIATIONS TRANSFER TO
a)
Statutory Reserve
753.00
1,364.82
1,932.00
2,417.50
1,692.10
0.00
0.00
b)
Capital Reserve
0.04
2.83
70.71
25.10
0.00
0.00
0.00
c)
Revenue and Other Reserves
0.00
0.00
0.00
0.00
0.00
0.00
0.00
i)
Investment Fluctuation Reserve
0.00
2,183.41
3,107.00
4,750.00
0.00
0.00
0.00
ii)
General Reserve
789.16
589.34
521.59
262.69
3,323.95
0.00
0.00
iii)
Statutory Reserve (Foreign)
64.31
52.48
68.84
64.24
82.79
0.00
0.00
d)
Dividend (including Dividend Tax)
i)
Interim Dividend
0.00
0.00
592.00
879.79
527.88
0.00
0.00
ii)
Proposed Dividend
1,184.00
1,184.00
1,184.00
1,026.42
938.45
0.00
0.00
Tax on Dividend
120.77
0.00
151.70
244.23
203.24
0.00
0.00
Transfer to Unallocated Profit
0.00
0.00
0.00
0.00
0.00
5,063.00
4,160.09
TOTAL
2,911.27
5,376.87
7,627.84
9,669.96
6,768.40
5,063.00
4,160.09
Break up of Miscellaneous Income (*)
Incidental charges
760.50
816.91
881.91
950.15
1,200.12
536.96
682.79
Recovery in bad debts written off
429.57
346.81
419.01
622.42
759.76
288.23
590.27
Others
512.43
322.68
112.92
186.26
188.37
42.41
15.28
Total Miscellaneous Income
1,702.50
1,486.39
1,413.85
1,758.83
2,148.24
867.60
1,288.34
(*) Items listed here are generally of
recurring nature.
Break-up of provisions and contingencies
Provision for Non Performing Advances
4,820.86
4,105.15
3,768.50
5,380.70
4,293.85
1,892.62
1,392.82
Floating Provision for NPAs (in addition
0.00
951.20
690.00
4,212.00
28.30
0.00
0.00
to norms)
Provision for Standard Advances
91.61
96.45
160.00
3.23
75.64
0.96
141.88
Depreciation on Investments
583.75
(135.37)
11.50
(1014.42)
8,098.14
1,119.69
2,849.56
Provision for Restructured Standard
0.00
365.20
831.20
86.57
240.00
377.20
48.80
Accounts
Others
370.49
(164.06)
100.02
855.71
1,652.03
687.95
(604.51)
Provision & Contingencies (other than
5,866.71
5,218.57
5,561.22
9,523.79
14,387.96
4,078.42
3,828.55
provision for tax)
Provisions for income tax
1,851.42
2,497.14
3,977.20
5,659.15
1,862.77
2,322.62
1,520.77
TOTAL
7,718.13
7,715.71
9,538.42 15,182.94 16,250.74
6,401.04
5,349.32

---

164
BANK OF BARODA
ANNEXURE A-II
SUMMARY STATEMENT OF ASSETS AND LIABILITIES AS RESTATED
(Rs. in million)
Sr.
 AUDITED
LIMITED REVIEW
No.
 AS AT 31ST MARCH
HALF YEAR ENDED
2001
2002
2003
2004
2005
Sep-04
Sep-05
(A)
ASSETS
1
Cash in Hand
3,545.51
3,283.49
4,178.89
4,020.15
3,972.27
3,494.45
4,580.79
2
Balance with RBI
40,152.27
22,527.19
30,479.35
26,547.69
23,150.95
42,339.75
29,835.53
3
Balance with Banks
37,531.87
30,694.22
12,025.91
16,565.76
27,678.67
26,104.35
29,548.48
- In India
11,266.09
13,664.41
5,505.37
8,374.32
9,477.88
6,818.44
12,444.60
- Outside India
26,265.78
17,029.82
6,520.54
8,191.44
18,200.79
19,285.91
17,103.88
4
Money at call and Short notice
43,133.89
32,969.21
21,486.85
25,534.51
37,740.13
23,973.11
40,429.16
5
Investment
- In India
184,625.12 218,867.00 283,773.29 360,558.44 348,693.73
380,298.58
358,311.28
- Outside India
13,946.07
19,464.34
18,020.54
19,629.66
22,050.68
20,767.08
24,506.43
TOTAL
198,571.19 238,331.34 301,793.83 380,188.10 370,744.41
401,065.66
382,817.71
6
Advances
274,206.77 336,629.87 353,480.82 356,008.82 434,003.84
374,039.20
489,523.18
- In India
234,286.63 281,154.93 289,141.37 291,968.09 356,713.74
300,684.14
405,027.90
- Outside India
39,920.14
55,474.94
64,339.45
64,040.74
77,290.10
73,355.06
84,495.28
7
Fixed Assets
6,470.70
6,923.83
6,973.20
8,152.69
8,608.03
8,007.53
8,679.74
Less:Revaluation 
Reserve
2,764.48
2,732.11
2,618.43
2,492.70
2,367.55
2,492.64
2,360.62
Net Fixed Assets
3,706.22
4,191.72
4,354.76
5,659.98
6,240.48
5,514.89
6,319.12
8
Other Assets
29,608.17
37,741.60
33,759.61
34,068.93
40,744.08
32,973.20
31,016.32
Less Deferred Tax Asset (DTA)
- 
- 
907.68
948.62
430.41
1,448.21
514.23
Other Assets excl. DTA
29,608.17
37,741.60
32,851.93
33,120.31
40,313.67
31,524.99
30,502.09
TOTAL - (A)
630,455.88 706,368.63 760,652.35 847,645.32 943,844.41
908,056.40 1,013,556.06
(B)
LIABILITIES
1
DEPOSITS
539,857.82 618,044.64 663,663.65 729,673.24 813,334.64
786,339.12
861,717.14
Demand 
Deposits
- From Banks
4,890.52
4,405.27
5,510.10
4,765.84
3,914.37
4,527.20
4,754.57
- From Others
51,359.83
58,874.77
54,144.35
62,950.58
64,796.54
56,434.42
75,940.34
2
Saving Deposits
121,848.76 140,470.70 164,194.19 197,802.08 227,769.28
215,635.34
249,478.85
3
Term Deposits from Banks
27,659.56
36,430.09
21,965.42
29,233.74
31,940.25
28,081.75
40,302.47
Term Deposits from Others
334,099.16 377,863.81 417,849.60 434,921.00 484,914.21
481,660.41
491,240.91
4
Borrowings
9,362.72
6,926.53
6,253.31
8,751.09
16,408.34
11,332.21
26,194.47
- In India
8,516.16
6,926.53
6,253.31
2,346.32
6,360.40
6,462.00
11,280.09
- Outside India
846.56
-
-
6,404.77
10,047.94
4,870.21
14,914.38
5
Other Liabilities and Provisions
38,437.06
33,851.95
38,391.74
46,353.10
45,621.85
42,916.74
45,367.07
6
Subordinate Debts
12,000.00
12,000.00
12,000.00
15,000.00
15,000.00
15,000.00
22,700.00
TOTAL - (B)
599,657.61 670,823.12 720,308.69 799,777.42 890,364.83
855,588.07
955,978.68
(C)
NET WORTH (C=A-B)
30,798.27
35,545.51
40,343.65
47,867.90
53,479.59
52,468.33
57,577.38

---

165