|
Audited Financial Results For The Period
Ended December 31, 2000
(Rupees in crores)
| Sr.
No. |
Particulars |
Nine
months ended |
Three
months ended |
Year
ended |
|
|
31-Dec-2000 |
31-Dec2999 |
31-Dec-2000 |
31-Dec2999 |
Mar.31,2000 |
| 1. |
Interest Income |
873 |
593.08 |
302.10 |
205.50 |
852.87 |
| 2. |
Other Income |
120.40 |
104.14 |
55.05 |
49.15 |
194.05 |
| 3. |
Total Income |
993.40 |
697.22 |
357.15 |
254.65 |
1046.92 |
| 4. |
Interest Expenditure |
594.12 |
460.78 |
204.57 |
164.7 |
666.95 |
| 5. |
Total Operating Expenditure |
|
|
|
|
|
|
(a) Staff Cost |
34.04 |
20.37 |
10.72 |
6.66 |
36.37 |
|
(b) Depreciation |
21.82 |
14.34 |
10.58 |
5.29 |
24.79 |
|
(c) Other Expenditure |
156.75 |
51.11 |
65.02 |
21.49 |
92.15 |
| 6. |
Total Expenditure (4) +
(5) |
806.73 |
566.60 |
290.89 |
198.14 |
820.26 |
| 7. |
Gross Profit before tax
and provisions |
186.67 |
130.62 |
66.26 |
56.51 |
226.66 |
| 8. |
Provision for taxes |
35.81 |
31.08 |
22.10 |
18.19 |
33.02 |
| 9. |
Other provisions |
40.16 |
27.18 |
3.66 |
10.06 |
88.34 |
| 10. |
Net Profit |
110.70 |
72.36 |
40.50 |
28.26 |
105.30 |
| 11. |
Paid up Equity Share Capital
(face value of Rs.10/- per equity share) |
196.82 |
165.00 |
196.82 |
165.00 |
196.82 |
| 12. |
Reserves (excluding Revaluation
Reserves) |
1063.39 |
215.69 |
1063.39 |
215.69 |
952.69 |
| 13. |
Total deposits |
10047.94 |
8500.17 |
10047.94 |
8500.17 |
9866.02 |
| 14. |
Total advances (including
Credit substitutes) |
7637.40 |
4057.92 |
7637.40 |
4057.92 |
5030.96 |
| 15.
|
Basic and diluted Earnings Per Share (not annualised)
|
For the relevant period
|
For the relevant quarter
|
Weighted avg. |
| 5.62 |
4.39 |
2.06 |
1.71 |
6.38 |
|
Notes:
- Out of amortised ADS issue expenditure,
Rs. 7.93 crores has been charged off during the period.
- Net non-performing assets to advances
(including credit substitutes) is 1.32% (1.14% as on 31.03.2000)
- Item 5(c) includes Rent, taxes and lighting
Rs. 23.50 crores for 9 months ended December 31, 2000 (Rs. 12.32 crores
for 9 months ended December 31, 1999 and LY - Rs.18.01 crores). Other
items included in 5(c) individually do not exceed 10% of total operating
expenditure.
- Investment portfolio has been categorised
into 'Held to Maturity', 'Available for Sale' and 'Trading' since September
30, 2000.
- The shareholders of the Bank have at their
Extraordinary General Meeting held on Friday, January 19, 2001 approved
the Scheme of Amalgamation of Bank of Madura Ltd. with the Bank by the
requisite majority subject to the approval of the Reserve Bank of India
and such other authorities as may be required.
Unaudited financial results under US GAAP
accounting (Rupees in crores)
| Particulars |
Nine
months ended |
Three
months ended |
Year
ended |
|
Dec 31,
2000 |
Dec 31,
1999 |
Dec 31,
2000 |
Dec 31,
1999 |
Mar 31,
2000 |
| Net income under US GAAP |
99.00 |
102.59 |
38.32 |
39.97 |
140.20 |
| Reconciliation between US GAAP and Accounting Standards followed
in India |
| Profit under Indian GAAP |
110.70 |
72.36 |
40.50 |
28.26 |
105.30 |
| Deferred taxation |
19.75 |
(3.51) |
1.35 |
(8.63) |
(11.30) |
| Loan impairment |
(10.57) |
18.10 |
(3.94) |
9.87 |
35.80 |
| Mark to Market impact on
investments |
(26.28) |
21.51 |
2.00 |
10.17 |
2.10 |
ADR Issue expenditure charged
to
P & L A/c |
7.93 |
— |
2.55 |
— |
9.90 |
| Others |
(2.53) |
(5.87) |
(4.14) |
0.30 |
(1.60) |
| Profit under US GAAP |
99 |
102.59 |
38.32 |
39.97 |
140.20 |
|
The above financial results have been taken on
record by the Board of Directors of the Bank at its meeting held on January
23, 2001.
Place: Mumbai
Date: January 23, 2001 |
H.N.Sinor
Managing Director &
Chief Executive Officer |
|