जून , २००४

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 endedYear endedQuarter endedYear endedQuarter endedYear ended
Particulars30.6.0430.6.0331.3.0430.6.0430.6.0331.3.0430.6.0430.6.0331.3.04
Revenue122.75127.19647.78408.86411.371699.82531.61538.562347.60
Results36.9041.78263.6538.8423.36171.2875.7465.14434.93
Unlocated ExpensesXXXXXX33.7619.8682.15
Operating Profit Before TaxXXXXXX41.9845.28352.78
Income including DTAXXXXXX5.2516.08127.57
Extraordinary Profit / LossXXXXXX-0.010.005.29
Net ProfitXXXXXX36.7229.20230.50
Other Information
Segment Assets5080.664730.594944.4117378.0115002.6316272.7322458.67197.33.2221217.14
Unlocated AssetsXXXXXX732.88699.40725.81
Total AssetsXXXXXX23191.5520432.6221942.95
Segment Liabilities0.000.000.0021897.4919492.5720704.71021897.4919492.5720704.71
Unlocated LiabilityXXXXXX1294.06940.051238.24
Total LiabilitiesXXXXXX23191.5520432.6221942.95

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