Bank of baroda

5
Advances:
5.1
Advances are net of Interest Suspense, amount received and held in Suit Filed Sundry Deposits, Claims
received and provisions made for non performing advances in accordance with the prudential norms prescribed
by Reserve Bank of India and revised from time to time. In respect of advances made in overseas branches
and subsidiaries, advances are classified in accordance with stricter of the prudential norms prescribed by the
Reserve Bank of India or local laws of the host country in which advances are made, wherever applicable.
5.2
Advances of the Parent and its domestic subsidiaries are classified as Standard, Sub-standard, Doubtful &
Loss assets and provision for losses made on sub standard, Doubtful and Loss Assets as per the prudential
norms of the Reserve Bank of India.
6
Fixed Assets:
6.1
Premises and other fixed assets are stated at historical cost except those premises, which have been revalued
and appreciation, if any, on such revaluation is credited to Capital Reserve.
6.2
‘Premises’ includes land and building under construction.
7
Depreciation:
7.1
Depreciation on fixed assets in India except computers is provided under written down value basis, at the
rates prescribed in Schedule-XIV of the Companies Act, 1956.
7.2
Depreciation on Fixed Assets outside India except computers is provided as per local laws for prevailing
practices of host countries.
7.3
Depreciation on computers is provided on straight-line method at the rate of 33.33% as per guidelines of
Reserve Bank of India.
7.4
Depreciation on ATMs is provided on Straight Line Method at the rate of 20%.
7.5
While depreciation on additions is provided for full year, no depreciation is provided in the year of sale /
disposal.
7.6
Leasehold land is amortised over the period of lease.

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