June 2004

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

UNAUDITED (REVIEWED) REPORT ON FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2004

-


Quarter ended
(Reviewed)

(Rs in Lacs)
Yearended (Audited)

-  -

-

30.06.2004

30.06.2003

31.03.2004

1

Interestearned(a+b+c+d)

43658

42763

173548

-  -

(a)Interest / discountonadvances / bills

21484

20830

81714

-  -

(b)Incomeoninvestment

20628

20775

86795

-  -

(c)Interestonbalanceswith
Reserve Bank of Indiaand
otherInterBankfunds

1537

1157

4459

-  -

(d)Others

9

1

580

2

Otherincome

9502

11093

61741

A

Totalincome(1+2)

53160

53856

235289

3

Interestexpended

27063

29119

114321

4

Operatingexpenses(e+f)

12839

11498

49909

-  -

(e)Paymentstoandprovisionsforemployees

8619

7822

33878

-  -

(f)Otheroperatingexpenses

4220

3676

16031

B

Totalexpenditure(3+4)

(Excludingprovisionsandcontingencies)

39902

40617

164230

C

OperatingProfit(A -B)

(Profitbeforeprovisionsandcontingencies )

13258

13239

71059

D

Provisionsandcontingencies

9061

8711

35256

7441

6466

30616

E

ProvisionsforTaxes

525

1608

12753

F

NetProfit(C -D - E)

3672

2920

23050

--   -

Paidupequitysharecapital

20682

20682

20682

  -

ReserveexcludingRevaluationReserve(asperBalanceSheetofpreviousaccountingyear)

72605

65690

72605

-  -

(ExcludingdebitbalanceinProfit&Lossa/c)

-21729

-35234

-21729

AnalyticalRatios

i

PercentageofsharesheldbyGovt.ofIndia

70.99

70.99

70.99

ii

CapitalAdequacyRatio%

9.97

6.81

9.48

iii

Earningpershare(Basic&diluted) Annualised-Rs.

7.10

5.65

11.14

iv

(a) AmountofgrossNonPerformingassets

151056

168997

148401

-  -

(b)AmountofNetNonPerformingassets

85389

101119

88435

-  -

(c)%ofgrossNPAstogrossadvances

14.52

18.55

14.82

-  -

(d)%ofNetNPAstoNetadvances

8.76

11.99

9.40

v

Returnonassets(Annualised)%

0.65

0.58

1.11

Aggregate of Non-Promoter Shareholding

i

Numberofshares

60003200

60003200

60003200

ii

%of shareholding 

29.01

29.01

29.01



SEGMENT WISE RESULTS

Business Segments


Treasury


Other Banking Operations

(Rs in crores)
Total

Quarter ended

Year ended

Quarter ended

Year ended

Quarter ended

Year ended

Particulars

30.6.04

30.6.03

31.3.04

30.6.04

30.6.03

31.3.04

30.6.04

30.6.03

31.3.04

Revenue

122.75

127.19

647.78

408.86

411.37

1699.82

531.61

538.56

2347.60

Results

36.90

41.78

263.65

38.84

23.36

171.28

75.74

65.14

434.93

Unlocated Expenses

X

X

X

X

X

X

33.76

19.86

82.15

Operating Profit Before Tax

X

X

X

X

X

X

41.98

45.28

352.78

Income including DTA

X

X

X

X

X

X

5.25

16.08

127.57

Extraordinary Profit / Loss

X

X

X

X

X

X

-0.01

0.00

5.29

Net Profit

X

X

X

X

X

X

36.72

29.20

230.50

Other Information

Segment Assets

5080.66

4730.59

4944.41

17378.01

15002.63

16272.73

22458.67

197.33.22

21217.14

Unlocated Assets

X

X

X

X

X

X

732.88

699.40

725.81

Total Assets

X

X

X

X

X

X

23191.55

20432.62

21942.95

Segment Liabilities

0.00

0.00

0.00

21897.49

19492.57

20704.710

21897.49

19492.57

20704.71

Unlocated Liability

X

X

X

X

X

X

1294.06

940.05

1238.24

Total Liabilities

X

X

X

X

X

X

23191.55

20432.62

21942.95

Note : The Bank does not have any secondary (geographical) segment.

NOTES :

  • Corresponding figures have been regrouped/ reclassified, wherever necessary, to make them comparable with current results.
  • The working results for the quarter ended 30.06.2004, have been arrived at after considering provision for (i) NPAs & Standard Assets (ii) Floating provision for NPAs (iii) terminal benefits to employees (iv) diminution in the value of investments (v) amortisation of VRS expenditure (vi) proposed wage revision etc., o­n estimated basis.
  • Reconciliation of entries outstanding as o­n 30.06.2004 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.
  • The position of Investors complaints for the quarter ended 30.06.2004 is : Complaints pending at the beginning of quarter - Nil, received & disposed off during the quarter - 56 pending at the end of quarter - NIL .
  • The above results have been taken o­n record by the Board of Directors o­n 29th July 2004.
  • The above results for the quarter ended June 2004 have been reviewed by the Auditors of the Bank, as per the listing agreement with the stock exchanges.



    Date : 29th July 2004                 (M. G. Sanghvi)                           (Dr. A. K. Khandelwal)
    Place : Mumbai           General Manager (IFM & A/cs)            Chairman & Managing Director