Bank of baroda

Total provisions and contingencies.
9,538.42
15,182.93

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BANK OF BARODA
Our provisioning in respect of non-performing assets increased by 42.78% from Rs. 3,768.50 million in fiscal 2003 to Rs.
5,380.70 million in fiscal 2004. This was due to the change in the delinquency norms for recognizing NPAs from 180 days
in fiscal 2003 to 90 days in fiscal 2004.
Our provision for restructured standard assets decreased by 89.59% from Rs. 831.30 million in fiscal 2003 to Rs. 86.57
million in fiscal 2004. The scheme of restructuring standard assets was introduced from fiscal 2002 and hence it was put
to greater use in fiscal 2003 compared with fiscal 2004.
Our other provisions increased substantially from Rs. 100.02 million in fiscal 2003 to Rs. 855.70 million in fiscal 2004,
which was primarily due to a provision for wage revision.
Our floating provisions for NPAs (in addition to norms) also increased substantially from Rs. 690.00 million in fiscal 2003
to Rs. 4,212.00 million in fiscal 2004.
Our provision for income tax increased by 42.29% from Rs. 3,977.20 million in fiscal 2003 to Rs. 5,659.15 million in fiscal
2004, which was primarily due to the increase in our profit.
Net Profit
As a result of the foregoing factors, our net profit increased by 26.77% from Rs. 7,627.84 million in fiscal 2003 to Rs.
9,669.96 million in fiscal 2004. As a percentage of total income, our net profit increased from 10.36% in fiscal 2003 to
12.29% in fiscal 2004.
Liquidity and Capital Resources
Our growth over the last three fiscal years and the six months ended September 30, 2005 has been financed by a
combination of cash generated from operations, increases in our customer deposits and borrowings.
The table below sets forth our cash flows from operations, cash flows from investment activities, cash flows from financing
activities and net changes in cash and cash equivalents for the periods indicated: