Bank of baroda

YEAR ENDED MARCH, 2005
1.
Balancing of Books and Reconciliation
1.1
The balancing/reconciliation of control accounts with subsidiary ledgers / registers is in progress in certain
Branches.
1.2
Initial matching of debit and credit outstanding entries in various heads of accounts included in Inter Office
Adjustments has been completed upto 31.12.2004 for the purpose of reconciliation, which is in progress.
1.3
Reconciliation of accounts with banks, Nostro, Drafts / TTs Payable, Dividend / Interest / Refund Orders paid
/ payable, etc., is in progress.
The impact, if any, on the Profit and Loss Account and the Balance Sheet, though not quantified, in the opinion of
the management will not be material.
2.
Premises
2.1
Execution of conveyance deeds is pending in respect of certain properties aggregating to Rs. 535.80 million
(original cost) - (Previous year Rs. 437.60 million).
2.2
Certain properties of the Bank are stated at revalued amounts. The gross amount of the revaluation included
in premises as at the year-end is Rs. 3882.50 million (Previous year Rs. 3797.50 million) and net of depreciation
the revaluation amounts to Rs. 2367.50 million (Previous year Rs. 2492.70 million).
2.3
Premises includes assets under construction / acquisition amounting to Rs. 139.50 million (Previous year Rs.
10.40 million).
3.
Amalgamation of South Gujarat Local Area Bank Ltd.
South Gujarat Local Area Bank Ltd. (SGLAB), has been amalgamated with the Bank in terms of a scheme of
amalgamation issued by the Government of India, with effect from June 24, 2004. The net deficit of Rs. 54.20
million (computed under the purchase method as per AS-14 “Accounting for Amalgamation”) has been absorbed by
the Bank. Any future surplus in excess of Rs. 54.20 million will be distributed to the erstwhile shareholders of
SGLAB.

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