Dec 2003

DENA BANK HEAD OFFICE :
MAKER TOWERS 'E', CUFFE PARADE
MUMBAI : 400 005

UNAUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 30th DECEMBER, 2003

      

Rs in Lacs

  

Quarter ended 31.12.2003

Quarter ended 31.12.2002

Nine Months ended 31.12.2003

Nine Months ended 31.12.2002

Previous Year ended 31.03.2003

1

Interest Earned (a + b + c + d)

44444

42286

131239

127194

177229

 

 

 

 

 

 

 

 

a) Interest/Discount o­n advances/bills

20400

20216

62088

60648

87240

 

b) Income o­n Investments

22446

20393

65221

61877

83635

 

c) Interest o­n balances with Reserve Bank of India and Other Inter Bank Funds

1045

1251

3374

3396

4508

 

d) Others

553

426

556

1273

1846

 

 

 

 

 

 

 

2

Other Income

14023

10922

42149

27144

43700

 

 

 

 

 

 

 

A

TOTAL INCOME (1 + 2)

58467

53208

173388

154338

220929

 

 

 

 

 

 

 

3

Interest Expended

27874

30619

86247

90894

120419

4

Operating Expenses (e + f)

12001

12104

35711

36424

51127

 

e) Payments to and provisions for employees

8009

8732

23861

26577

36603

 

f) Other operating expenses

3992

3372

11850

9847

14524

 

 

 

 

 

 

 

B

TOTAL EXPENDITURE (3 + 4 ) (excluding Provisions and contingencies)

39875

42723

121958

127318

171546

C

OPERATING PROFIT (A - B) ( Profit before Provisions & contingencies)

18592

10485

51430

27020

49383

 

 

 

 

 

 

 

D

Provisions and Contingencies

8007

6200

25144

19102

32955

 

- of which provisions for NPAs

7076

6004

19947

16536

26968

 

 

 

 

 

 

 

E

Provisions for Taxes

3400

1781

9075

4215

5009

 

 

 

 

 

 

 

F

Net Profit ( C - D - E )

7185

2504

17211

3703

11419

 

 

 

 

 

 

 

5

Paid-up equity share capital

20682

20682

20682

20682

20682

 

 

 

 

 

 

 

6

Reserves excluding revaluation reserves ( as per balance sheet of previous accounting year)

 

 

 

 

65690

 

(Excluding debit balance in profit & loss account)

 

 

 

 

(35234)

 

 

 

 

 

 

 

7

Analytical Ratios

 

 

 

 

 

 

i) Percentage of Shares held by Government of India

70.99

70.99

70.99

70.99

70.99

 

ii) Capital Adequacy ratio %

8.64

7.85

8.64

7.85

6.02

 

iii) Earning per share (Basic & Diluted) -annualised Rs

13.90

4.84

11.10

2.39

5.52

 

iv) a. Amount of gross non-performing assets

166242

175875

166242

175875

161658

 

b. Amount of net non performing assets

102605

103521

102605

103521

99728

 

c. %age of gross NPAs

17.65

20.70

17.65

20.70

17.86

 

d. %age of net NPAs

11.67

13.32

11.67

13.32

11.83

 

v) Return o­n Assets (Annualised)%

1.36

0.52

1.11

0.26

0.57

8

Aggregate of Non-Promoter Share holding

 

 

 

 

 

 

i) Number of shares

60003200

60003200

60003200

60003200

60003200

 

ii) Percentage of share holding

29.01

29.01

29.01

29.01

29.01


SEGMENT WISE RESULTS

    

Rs in Crores

    

Business Segments

 Treasury Other Banking Operations Total
 

Particulars

Quarter ended 31.12.03 

9 Months ended 31.12.03 

Previous Year ended 31.03.03

Quarter ended 31.12.03 

9 Months ended 31.12.03 

Previous Year ended 31.03.03 

Quarter ended 30.09.03 

9 Months ended 31.12.03 

Previous Year ended 31.03.03 

 

(Reviewed)

 (Audited)

(Reviewed)

 (Audited)

(Reviewed)

 (Audited)

Revenue

173.19

473.13

502.12

405.94

1,255.28

1,685.17

579.13

1,728.41

2,187.29

          

Results

91.74

178.31

152.96

29.95

143.65

141.09

121.69

321.96

294.05

          

Unallocated expenses

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

20.21

61.34

126.98

 

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

 

 

 

Operating Profit (Net Profit before Tax)

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

101.48

260.62

167.07

 

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

 

 

 

Income Taxes (including DTA)

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

38.10

93.98

74.88

          

Extraordinary Profit / Loss (unallocated income)

x

x

x

x

x

x

5.47

5.48

22.00

          

Net Profit

x

x

x

x

x

x

71.85

172.10

114.19

          

OTHER INFORMATION

         
          

Segment Assets

5,341.25

5,341.25

4,079.41

15,428.89

15,428.89

14,987.10

20,770.14

20,770.14

19,066.51

          

Unallocated Assets

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

681.24

681.24

743.11

Total Assets

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

21,451.38

21,451.38

19,809.62

          

Segment Liabilities

42.41

42.41

30.89

20,256.48

20,256.48

18,879.81

20,298.89

20,298.89

18,910.70

          

Unallocated Liability

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

1,152.49

1,152.49

898.92

 

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

 

 

 

Total Liabilities

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

21,451.38

21,451.38

19,809.62


The Bank does not have any secondary (geographical) segment.
Figures for the corresponding previous periods are not furnished, as the reporting was not applicable.

Notes :
1. Corresponding figures have been regrouped/ reclassified, wherever necessary, to make them comparable with current results.

2. The working results for the period ended 31.12.2003, have been arrived at after considering provision for (i) NPAs & Standard Assets (including adhoc provision for proposed 90 days norms) (ii) first time floating provision of Rs 20 crores for NPAs (iii) terminal benefits to employees (iv) diminution in the value of investments (v) amortisation of VRS expenditure (vi) Leave encashment payable to employees o­n retirement , o­n estimated basis.

3. Capital Adequacy Ratio of the Bank as o­n 31st March 2003 and 31st December 2003 is calculated in conformity with RBI guidelines issued vide circular dated 29th March 2003. Capital Adequacy Ratio as o­n 31st December 2002 if recalculated, as per subsequent RBI guidelines dated 29th March 2003, it would have been at 4.22%.

4. Reconciliation of entries outstanding as o­n 31.12.2003 in Inter Bank/ Inter Branch and other accounts are in progress and in the opinion of the management, consequential impact thereof o­n revenue/assets/liabilities is not material.

5. The position of Investors complaints for the quarter ended 31.12.2003 is : Complaints pending at the beginning of quarter - Nil, received & disposed off during the quarter - 56, pending at the end of quarter - NIL

6. The above results have been taken o­n record by the Board of Directors o­n 27th January 2004

7. The above results for the quarter ended December 2003 have been reviewed by the auditors of the Bank.



     Date : 27th January 2004                      M. G. Sanghvi                     A. K. Rai


       Place : Mumbai                                General Manager                  Director