Bank of baroda

Off-Balance Sheet Arrangements and Financial Instruments
Contingent Liabilities
The following table sets forth the principal components of our contingent liabilities as of March 31, 2003, March 31, 2004,
March 31, 2005 and September 30, 2005:

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278
BANK OF BARODA
(Rs. in million)
As of
As of
As of
As of
March 31,
March 31,
March 31,
September 30,
 2003
 2004
 2005
 2005
Contingent liabilities
Claims against the Bank not acknowledged as debt
3,428.14
8,276.32
10,513.72
8,545.89
Liability for partly paid investments
3.59
2.80
761.02
585.98
Liability on account of outstanding forward exchange
contracts
176,161.47
223,092.96
236,627.99
196.136.74
Guarantees given on behalf of constituents in India
20,599.30
21,560.81
25,283.66
27,826.62
Guarantees given on behalf of constituents outside India
14,251.32
12,022.91
13,348.13
15,338.18
Acceptances, endorsements and other obligations
25,272.25
27,537.76
35,672.85
36,198.99
Other items for which the Bank is contingently liable
4,478.94
10,689.66
44,896.39
92,281.06
Total
244,195.01
303,183.22
367,103.76
376,913.46
Contingent liabilities increased by 24.16% from Rs. 244,195.01 million as of March 31, 2003 to Rs. 303,183.22 million as
of March 31, 2004 and increased by 21.08% to Rs. 367,103.76 million as of March 31, 2005. Our contingent liabilities as
of September 30, 2005 were Rs.376,913.46 million. These changes were primarily due to our increasing the scope of our
derivative operations in fiscal 2004 and enhancing it further in fiscal 2005 and the six months ended September 30, 2005
an increase in our non-funded business (e.g., letters of credit and guarantees).