2006-07 वित्‍तीय रिपोर्ट

Unaudited Financial Results for the Quarter / Nine Months ended 31st December 2007

Notes forming part of the financial results for the Quarter Ended 31.12.2007.

• The above results have been taken on record by the Board at its meeting held on 30-01-2008. The same has been subjected to limited review by Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the nine months ended 31st Dec 2007 as compared to those followed in the preceding financial year 2006-07 , excepting accounting for dividend on shares of subsidiaries, joint ventures and associate companies, which is now recognised on realisation. There is no impact on the financials for the quarter due to this change in the accounting policy.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjsutments, NOSTRO, Drafts / TTs payablle, Clearing Adjustments , Dividend / Interest / Refund Orders Paid / Payable etc. is in progress.
• The financial results for the Quarter/ 9 months ended 31.12.07 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Provision for taxes (including Deferred tax, Wealth tax and Fringe Benefit tax) and contingencies including for employee benefits have been considered on estimated and proportionate basis and is subject to adjustment at year end.
• The Transitional liability as per the Limited Revision to Accounting Standard (AS-15)(revised) on Employee Benefits issued by the Institute of Chartered Accountants of India based on acturial valuation is Rs.901 Cr. The Bank has charged a sum of Rs.135.15 crores to its Profit & Loss account being proportionate transitional liability for 9 months out of Rs.180.20 Crores upto 31.03.2008, being one-fifth of the entire liability . The balance of Rs.720.80 Crore will be charged to Profit & Loss Account over the next four years.
• During the 9 months ended Dec-07, Tier II bonds amounting to Rs.1682.43 crores were issued including Medium Term Notes of USD 300 mn (Rs.1182.43 crores).
• In terms of RBI Guidelines, the bank has during the quarter ended June 2007 transferred a portion of Govt. Securities (SLR) kept in "Available for Sale" category to "Held to Maturity" category and a depreciation of Rs.37.08 crores has been charged to the Profit and Loss A/c.
• The Bank has commenced operations at Hongkong w.e.f. 1st April 2007 by taking over the business of subsidiary, Bank of Baroda (Hongkong) Ltd. The results shown above for the quarter / 9 months ended 31.12.07 are inclusive of the operations at Hongkong. The Bank has started operations of its subsidiary Bank of Baroda (Trinidad & Tobago) Ltd. during the quarter.
• Auditors qualifications for the year ended 31st Mar 07 and for the quarter ended 30th June & 30th Sep 07 have been dealt with in Note No.3 & 5 above.
• As per RBI clarification dated 11th July 2007, Banks should reflect the amortisation of premium on investments held under HTM category as a deduction from Interest Income on investments instead of deduction from Other Income. Accordingly, the bank has carried out the reclassification. This change does not have any impact on the net profit for the periods under review.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter    Nil
  • Received during the quarter        38
  • Disposed off during the quarter      38
  • Pending at the close of the quarter    Nil
• The figures of previous period have been regrouped / rearranged, wherever necessary, to correspond to current period classification.

Part A - Business Segments

Part-B : Geographic Segments

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the the bank has been used.
• Segment revenue represents revenue from external customers.

Unaudited Financial Results for the Quarter / Half Year Ended 30th September, 2007

Notes forming part of the financial results for the Quarter Ended 30.09.2007.

• The above financial results have been approved and taken on record by the Board at its meeting held on 31-10-07. The same has been subjected to review by the Statutory Central Auditors, as per the Listing Agreements
• There has been no change in the Accounting Policies adopted during the half year ended 30.09.2007 as compared to those followed in the preceeding financial year 2006-07, excepting accounting for dividend on shares of subsidiaries, joint ventures and associate companies, which is now recognised on realisation. There is no impact on the financials for the quarter due to this change in the accounting policy.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable etc is in progress.
• The financial results for the Quarter/ Half year ended 30.09.07 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Provision for taxes (including Deferred tax, Wealth tax and Fringe Benefit tax) and contingencies including for employee benefits have been considered on estimated and proportionate basis and is subject to adjustment at year end.
• A sum of Rs.90.10 crores has been charged to Profit and Loss A/c on proportionate basis of the Transitional liability of Rs.901 crores upto 31.03.2007 as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India.
• During the Half year ended Sep-07, Tier II bonds amounting to Rs.1195.35 crores (USD 300 mn) have been issued by way of Medium Term Notes.
• In terms of RBI Guidelines, the bank has during the quarter ended June 2007 transferred a portion of Govt. Securities (SLR) kept in "Available for Sale" category to "Held to Maturity" category and a depreciation of Rs.37.08 crores has been charged to the Profit and Loss A/c
• The Bank has commenced operations at Hongkong w.e.f. 1st April 2007 by taking over the business of subsidiary, Bank of Baroda (Hongkong) Ltd. The results shown above for the quarter / half year ended 30.09.07 are inclusive of the operations at Hongkong.
•  Auditors qualifications for the year ended 31st March 2007 and for the quarter ended 30th June 2007 have been dealt with in Note No.3 & 5 above.
•  As per RBI clarification dated 11th July 2007, Banks should reflect the amortisation of premium on investments held under HTM category as a deduction from Interest Income on investments instead of deduction from Other Income. Accordingly, the bank has carried out the reclassification. This change does not have any impact on the net profit for the periods under review.
• During the quarter ended 30th Sept 2007, the bank has annulled the forfeiture of 400 equity shares.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter    Nil
  • Received during the quarter        62
  • Disposed off during the quarter      62
  • Pending at the close of the quarter    Nil
• The figures of previous period have been regrouped / rearranged, wherever necessary, to correspond to current period classification.

SEGMENT REPORTING FOR THE QUARTER ENDED 30.09.2007

Part A - Business Segments

Part-B : Geographic Segments

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the the bank has been used.
• Segment revenue represents revenue from external customers.

Unaudited Financial Results for the Quarter Ended 30th June, 2007

Notes forming part of the financial results for the Quarter Ended 30.06.2007.

• The above results have been taken on record by the Board at its meeting held on 28-07-2007. The same has been subjected to review by Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the quarter ended 30.06.2007 as compared to those followed in the preceeding financial year 2006-07, excepting accounting for dividend which is now recognised on receipt basis. There is no impact on the financials for the quarter due to this change in the accounting policy.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjsutments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend / Interest / Refund Orders Paid / Payable etc. is in progress.
• The financial results for the Quarter ended 30.06.07 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Provision for taxes (including Deferred tax, Wealth Tax and Fringe Benefit tax) and contingencies including for employee benefits viz., gratuity, pension, leave encashment, additional retirement benefit of employees etc., have been considered on estimated basis.
• During the quarter ended June-07, Tier II bonds amounting to Rs.1221.17 crores have been issued by way of Medium Term Notes denominated in USD.
• The bank has not provided for transitional liability in respect of Employee benefits (Revised AS-15), pending receipt of guidelines from Reserve Bank of India in this regard.
• In terms of RBI Guidelines, the bank has transferred a portion of Govt. Securities (SLR) kept in "Available for Sale" category to "Held to Maturity" category and a depreciation of Rs.37.08 crores has been charged to the Profit and Loss A/c in this regard.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter    Nil
  • Received during the quarter        27
  • Disposed off during the quarter      27
  • Pending at the close of the quarter    Nil
• The figures of previous period have been regrouped / rearranged, wherever necessary, to correspond to current period classification.

Segment Reporting For The Quarter Ended 30.06.2007

Part - A Business Segments

Part - B Geographic Segments

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the the bank has been used.
• Segment revenue represents revenue from external customers.

Audited Financial Results for the Quarter / Year Ended 31st March, 2007

Notes forming part of the financial results for the Quarter Ended 31.03.2007.

• The above results have been taken on record by the Board at its meeting held on 28-04-2007. The same has been subjected to audit by Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the year ended 31.03.2007 as compared to those followed in the immediately preceding financial year 2005-06, except that dividend on shares of subsidiaries, Joint Ventures and Associates are recognised as Income as and when declared and dividend on other shares are accounted on actual realisation.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjsutments, NOSTRO, Drafts / TTs payablle, Clearing Adjustments (including interse the Bank's Overseas Branches and those Position Maintaining Offices in India), Dividend / Interest / Refund Orders Paid / Payable etc. is in progress.
• The financial results for the Quarter/Year ended 31.03.07 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Provision for taxes (including Deferred tax, Wealth Tax and Fringe Benefit tax) and contingencies including for retirement benefits viz., gratuity, pension, leave encashment, additional retirement benefit of employees etc., have been considered on actuarial basis.
• During the year ended Mar-2007, Tier II bonds amounting to Rs.490.90 crores have been redeemed and Tier II Bonds amounting to Rs.920.00 crores has been issued.
• During the year ended 31st Mar 2007, the bank has annulled the forfeiture of 500 equity shares.
• BOB Housing Finance Ltd, a subsidiary of the bank, which has been merged with the bank w.e.f. 01.04.06 The figures of the year / quarter ended 31.03.07 are as such not comparable with the corresponding previous periods figures.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter    Nil
  • Received during the quarter        28
  • Disposed off during the quarter      28
  • Pending at the close of the quarter    Nil
• The figures of previous period have been regrouped / rearranged, wherever necessary, to correspond to current period classification.

SEGMENT REPORTING FOR THE QUARTER / YEAR ENDED 31.03.2007

Part A - Business Segments

Part-B Geographic Segments

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the the bank has been used.
• Segment revenue represents revenue from external customers.