Bank of baroda

Six months ended September 30,
2004
2005
(in Rs. million)
Provision for Non Performing Advances
1,892.62
1,392.82
Provision for Standard Advances
0.96
141.88
Provision for Restructured Standard Accounts
377.20
48.80
Depreciation on Investments
1,119.69
2,849.56
Provisions for Taxes
2,322.62
1,520.77
Others
687.95
(604.51)
Total provisions and contingencies
6,401.04
5,349.32
Our provisioning in respect of non-performing assets decreased significantly from Rs. 1,892.62 million in the six months
ended September 30, 2004 to Rs. 1,392.82 million in the six months ended September 30, 2005. This decrease was due
to an improvement in the quality of our assets.
Depreciation on investments increased by Rs. 1,729.87 million, from Rs. 1,119.69 million in the six months ended
September 30, 2004 to Rs. 2,849.56 million in the six months ended September 30, 2005 because of a Rs. 2,599.80
million charge on the shifting of securities from the Available for Sale category to the Held to Maturity category.
Our provision for income, wealth and fringe benefit tax decreased significantly from provisions of Rs. 2,322.62 million in
the six months ended September 30, 2004 to Rs. 1,520.77 million in the six months ended September 30, 2005, which
was primarily due to lower profit for the period compared with the previous period.
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.
Net Profit
As a result of the foregoing factors, our net profit decreased by 17.83% from Rs. 5,063.00 million in the six months ended
September 30, 2004 to Rs. 4,160.09 million in the six months ended September 30, 2005. As a percentage of total
income, our net profit decreased from 13.22% in the six months ended September 30, 2004 to 10.71% in the six months
ended September 30, 2005.