Annual Report and Accounts

18 Apr 2006 07:00

UTI Bank Limited17 April 2006 Annexure I UTI Bank Regd. Office : 'Trishul', 3rd floor, Opp. Samartheshwar Temple, Law Garden, Ellisbridge, Ahmedabad - 380 006. AUDITED ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2006 Rs. In crores (1) (2) (3) (4) For the quarter For the quarter For the year For the year PARTICULARS ended ended ended ended 31.03.2006 31.03.2005 31.03.2006 31.03.2005 (Unaudited) (Unaudited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d) 832.65 556.05 2,888.79 1,924.16(a) Interest/discount on advances/bills 459.64 286.66 1,528.04 978.77(b) Income on Investments 344.44 253.33 1,285.68 867.60(c) Interest on balances with Reserve Bankof India and other inter-bank funds 13.45 7.57 41.64 32.04(d) Others 15.12 8.49 33.43 45.752. Other Income 228.07 166.37 729.63 415.82A. TOTAL INCOME (1+2) 1,060.72 722.42 3,618.42 2,339.983. Interest Expended 519.79 359.76 1,810.56 1,192.984. Operating expenses (e)+(f) 242.88 162.71 814.05 581.38(e) Payments to and provisions for employees 62.47 46.75 240.20 176.85(f) Other operating expenses 180.41 115.96 573.85 404.53B. TOTAL EXPENDITURE (3)+(4) (ExcludingProvisions and Contingencies) 762.67 522.47 2,624.61 1,774.36C. OPERATING PROFIT (A-B) (Profit beforeProvisions and Contingencies) 298.05 199.95 993.81 565.62D. Other Provisions and Contingencies 68.16 24.26 262.52 61.92(Net) 21.36 (2.09) 127.06 3.04- of which provisions for Non-performing assetsE. Provision for Taxes 78.16 59.15 246.21 169.12F. Net Profit (C-D-E) 151.73 116.54 485.08 334.585. Paid-up equity share capital 278.69 273.80 278.69 273.806. Reserves excluding revaluation 2,593.50 2,134.39reserves7. Analytical Ratios (i) Percentage of Shares held byGovernment of India NIL NIL NIL NIL (ii) Capital Adequacy Ratio 11.08% 12.66% 11.08% 12.66% (iii) Earnings per Share for theperiod / year 5.46 4.99 17.45 14.32- Basic 5.34 4.90 17.08 14.06- Diluted (iv) (a) Amount of Gross Non-performing 377.95 324.77 377.95 324.77assets (b) Amount of Net Non-performing assets 219.83 226.08 219.83 226.08 (c) % of Gross NPAs 1.28 1.53 1.28 1.53 (d) % of Net NPAs 0.75 1.07 0.75 1.07 (e) Return on Assets (annualized) 1.32 1.39 1.18 1.218. Aggregate Non-promoter shareholding - Number of shares 201,445,657 196,551,374 201,445,657 196,551,374 - Percentage of shareholding 72.28% 71.79% 72.28% 71.79% Notes : 1. The results above have been taken on record by the Board of Directorsof the Bank at its meeting held at Mumbai today. 2. The Board of Directors has recommended a dividend of Rs. 3.50 pershare (35%) for the year ended 31st March, 2006 (previous year Rs.2.80 per share(28%)), subject to the approval of the members at the ensuing Annual GeneralMeeting. 3. With effect from 1st April, 2005, the Bank has recognized all feeincome on accrual basis as against the earlier practice of accounting suchincome on receipt basis where it is less than 1% of the total income of theBank. As a result of this change other income for the year ended ended 31stMarch , 2006 is higher by Rs. 6.74 crores. 4. Pursuant to the change in provisioning requirement for standard assetsfrom 0.25% to 0.40% as notified by RBI through its circular dated 4th November2005, the Bank has made an additional provision of Rs. 27.88 crores during theyear ended 31st March, 2006. 5. Disclosure about investor complaints: Complaints at the Received Disposed off during the Unresolved as on beginning of the quarter 31.03.2006 quarter during the quarter 5 98 102 1* * Resolved in the first week of April, 2006 6. Previous year's figures have been regrouped and reclassified, wherenecessary, to make them comparable with current year's figures. Place : Mumbai P.J. NAYAK Date : 17.04.2006 CHAIRMAN & MANAGING DIRECTOR www.utibank.com This information is provided by RNS The company news service from the London Stock Exchange