Bank of baroda

Six months ended September 30,
2004
2005
(in Rs. million)
Provision for Non-Performing Advances
2,372.04
1,514.06
Provision for Standard Advances
4.45
150.07
Depreciation on Investments
1,125.17
2,849.06
Provisions for income tax
2,458.67
1,524.95
Provision for Restructured Standard Accounts
-
25.55
Others
704.94
(582.93)
Total provisions and contingencies
6,665.27
5,481.36
Our provisioning in respect of non-performing assets decreased by 36.17% from Rs. 2,372.04 million in the six months
ended September 30, 2004 to Rs. 1,514.06 million in the six months ended September 30, 2005. This was primarily due
to a reduction in the provisions for NPAs by the Parent.
Our provisioning for depreciation on investments was Rs. 2,849.06 million in the six months ended September 30, 2005,
as against Rs. 1,125.1700 million written off in the six months ended September 30, 2004. The provision for depreciation
in investments in the six months ended September 30, 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. (582.93) million in the six months ended September 30, 2005 compared with Rs. 704.94
million in the six months ended September 30, 2004.
Other provisions were positive in the six months ended September 30, 2005 due to provisions made earlier, being no
longer required and, hence, written back.
Our provision for income tax decreased from Rs. 2,458.67 million in the six months ended September 30, 2004 to
Rs.1,524.95 million in the six months ended September 30, 2005 due to lower profit in the six months ended September
30, 2005.
Net Profit Before Minority Interest
As a result of the foregoing factors, our net profit before minority interest decreased from Rs. 5,288.32 million in the six
months ended September 30, 2004 to Rs. 5,061.61 million in the six months ended September 30, 2005.
Minority Interest
The share of minority interests increased from Rs. 30.23 million in the six months ended September 30, 2004 to Rs.
46.86 million in the six months ended September 30, 2005.
Net Profit Attributable to the Group
As a result of the foregoing factors, our net profit decreased from Rs. 5,258.09 million in the six months ended September
30, 2004 to Rs. 5,014.75 million in the six months ended September 30, 2005. As a percentage of total income, our net
profit decreased from 13.24% in the six months ended September 30, 2004 to 12.36% in the six months ended September
30, 2005.
Fiscal Year Ended March 31, 2005 Compared with the Fiscal Year Ended March 31, 2004
Our total income decreased by 1.79% from Rs. 81,822.32 million in fiscal 2004 to Rs. 80,354.35 million in fiscal 2005
and our total expenditure increased by 1.08% from Rs. 55,910.73 million in fiscal 2004 to Rs. 56,515.69 million in fiscal
2005. Our operating profit decreased by 8.00% from Rs. 25,911.58 million in fiscal 2004 to Rs. 23,838.67 million in fiscal

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2005. Our net profit also decreased by 28.21% from Rs. 10,447.19 million in fiscal 2004 to Rs. 7,500.19 million in fiscal
2005.
Net Interest Income
Our net interest income increased by 16.15% from Rs. 26,628.88 million in fiscal 2004 to Rs. 30,929.87 million in fiscal
2005. The following table sets forth the components of our net interest income: