Performance of Financial and Investment Companies, 1998-99 (Part 2 of 5)

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প্ৰকাশ কৰা তাৰিখ নৱেম্বৰ 16, 2000

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Performance of Financial and Investment Companies, 1998-99 (Part 2 of 5)

STATEMENT 3: COMBINED INCOME, EXPENDITURE AND APPROPRIATION ACCOUNTS - SELECTED FINANCIAL AND INVESTMENT COMPANIES - ACTIVITY-WISE, 1996-97 TO 1998-99

							(Rs. lakh)
				ALL ACTIVITIES			SHARE TRADING AND
							INVESTMENT HOLDING
	ITEM			(725)			(302)
				1996-97	1997-98	1998-99	1996-97	1997-98	1998-99
	1			2	3	4	5	6	7
INCOME
1.	Main income			4,047,54	4,783,89	4,836,89	340,20	385,98	431,75
	(a) Interest			705,56	894,80	1,017,73	170,59	171,23	194,20
		(i) On loans and advances		438,62	571,17	512,25	144,98	142,50	115,49
		(ii) Others		266,94	323,64	505,49	25,61	28,73	78,71
	(b) Dividends			233,03	196,37	188,35	153,12	139,79	145,51
	(c) Brokerage			144,88	117,02	158,65	7,47	10,01	7,46
	(d) Net profit/ loss in share dealings			-18,32	175,35	116,21	-7,22	53,13	78,91
	(e) Net earnings from
	hire purchase financing			1,458,84	1,803,46	1,837,42	75	-31	83
	(f) Lease rentals			1,523,55	1,596,89	1,518,53	15,48	12,14	4,84
2.	Other income			584,75	530,06	421,77	44,94	33,55	25,26
	Of which, rent			5,85	7,34	9,73	3,75	4,35	5,70
3.	Non-operating surplus(+)/ deficit(-)			33,53	8,92	43,13	12,82	-6,78	18,20
4.	TOTAL (1+2+3)			4,665,82	5,322,87	5,301,78	397,95	412,75	475,21
EXPENDITURE AND APPROPRIATIONS
5.	Interest			2,041,75	2,318,58	2,354,81	282,39	264,38	247,58
6.	Salaries, wages and bonus			140,43	175,48	186,26	10,55	11,96	12,63
7.	Provident fund			11,41	14,55	15,47	72	88	1,06
8.	Employees' welfare expenses			18,47	17,40	21,91	1,47	1,55	1,81
9.	Managerial remuneration			11,84	13,64	14,69	1,50	1,36	2,23
10.	Bad debts			125,97	145,01	382,40	2,16	19,12	30,58
11.	Other expenses			823,75	896,34	954,35	59,58	53,68	99,83
	Of which,		(a) Rent	135,57	164,36	127,87	3,11	4,29	2,75
			(b) Insurance	5,63	5,89	8,15	71	47	44
			(c) Advertisement	34,97	28,37	20,83	1,53	1,86	1,11
12.	Depreciation provision			807,47	932,79	890,69	18,57	14,60	9,56
13.	Other provisions
	(other than tax and depreciation)			75,57	145,92	196,96	9,34	20,18	25,36
14.	Operating profits			575,62	654,24	241,11	-1,14	31,82	26,37
15.	Non-operating surplus(+)/ deficit(-)			33,53	8,92	43,13	12,82	-6,78	18,20
16.	Profits before tax			609,15	663,17	284,23	11,68	25,04	44,56
17.	Less: tax provision			201,78	219,73	234,82	44,82	23,32	30,21
18.	Profits after tax			407,37	443,44	49,42	-33,14	1,72	14,36
	(a) Dividends			293,54	236,31	207,38	73,19	46,97	61,64
		(i) Ordinary		269,40	205,35	181,53	65,78	37,97	45,09
		(ii) Preference		24,14	30,96	25,85	7,41	9,00	16,55
	(b) Profits retained			113,83	207,14	-157,96	-106,33	-45,25	-47,28
19.	TOTAL (5 TO 15)			4,665,82	5,322,87	5,301,78	397,95	412,75	475,21
									(Rs. lakh)
				LOAN FINANCE			HIRE PURCHASE FINANCE
	ITEM			(108)			(98)
				1996-97	1997-98	1998-99	1996-97	1997-98	1998-99
	1			8	9	10	11	12	13
INCOME
1.	Main income			400,21	543,56	624,91	1,692,48	2,045,09	2,134,25
	(a) Interest			267,17	312,74	423,61	98,16	136,35	135,77
		(i) On loans and advances		116,82	114,75	118,72	58,89	91,76	60,28
		(ii) Others		150,35	197,99	304,89	39,27	44,59	75,49
	(b) Dividends			23,53	15,56	9,57	15,23	15,16	7,38
	(c) Brokerage			4,39	1,31	29	3,07	84	1,52
	(d) Net profit/ loss in share dealings			-8,86	56,45	15,29	5,12	2,62	4,92
	(e) Net earnings from
	hire purchase financing			5,92	14,38	1,29	1,014,22	1,303,41	1,408,83
	(f) Lease rentals			108,06	143,13	174,85	556,68	586,71	575,82
2.	Other income			38,20	41,72	21,79	126,03	136,27	73,40
	Of which, rent			26	27	30	98	1,31	1,45
3.	Non-operating surplus(+)/ deficit(-)			1,41	-4,17	-2,01	15,88	15,96	6,71
4.	TOTAL (1+2+3)			439,82	581,11	644,69	1,834,40	2,197,32	2,214,36
EXPENDITURE AND APPROPRIATIONS
5.	Interest			202,04	175,94	251,79	835,51	1,066,82	1,083,18
6.	Salaries, wages and bonus			7,75	11,21	10,18	46,21	59,95	65,96
7.	Provident fund			1,68	2,18	1,22	3,35	4,75	5,09
8.	Employees' welfare expenses			1,17	1,74	1,07	5,23	5,40	9,81
9.	Managerial remuneration			84	82	59	4,27	4,13	4,13
10.	Bad debts			46,27	23,23	14,66	14,85	43,77	149,86
11.	Other expenses			53,46	94,73	132,73	242,87	276,00	276,16
	Of which,		(a) Rent	15,05	14,94	16,12	35,29	23,29	17,82
			(b) Insurance	35	37	45	1,81	1,88	2,93
			(c) Advertisement	41	60	58	15,31	17,11	9,72
12.	Depreciation provision			65,86	98,11	116,36	333,25	371,93	393,77
13.	Other provisions
	(other than tax and depreciation)			3,58	9,53	32,74	10,30	48,17	19,26
14.	Operating profits			55,76	167,78	85,35	322,68	300,43	200,43
15.	Non-operating surplus(+)/ deficit(-)			1,41	-4,17	-2,01	15,88	15,96	6,71
16.	Profits before tax			57,17	163,61	83,34	338,56	316,39	207,14
17.	Less: tax provision			30,53	31,51	24,76	73,19	88,17	94,29
18.	Profits after tax			26,64	132,10	58,57	265,37	228,22	112,85
	(a) Dividends			41,85	37,85	40,77	85,59	80,17	59,73
		(i) Ordinary		41,42	37,83	40,77	75,11	64,27	55,42
		(ii) Preference		44	2	-	10,48	15,90	4,30
	(b) Profits retained			-15,21	94,25	17,80	179,77	148,05	53,13
19.	TOTAL (5 TO 15)			439,82	581,11	644,69	1,834,40	2,197,32	2,214,36
									(Rs. lakh)
	ITEM			LEASING			DIVERSIFIED
				(83)			(50)
				1996-97	1997-98	1998-99	1996-97	1997-98	1998-99
	1			14	15	16	17	18	19
INCOME
1.	Main Income			607,76	668,40	556,51	804,10	922,73	868,49
	(a) Interest			66,19	96,94	83,60	67,07	145,61	151,55
		(i) On loans and advances		46,80	75,90	69,02	54,61	130,86	140,27
		(ii) Others		19,38	21,04	14,58	12,46	14,76	11,28
	(b) Dividends			5,02	4,46	3,05	30,29	15,50	16,92
	(c) Brokerage			1,59	1,29	56	4,72	5,93	6,85
	(d) Net profit/ loss in share dealings			-16,90	-6,18	-4,81	11,79	24,44	8,74
	(e) Net earnings from hire purchase financing			125,15	137,89	95,07	303,32	336,51	321,42
	(f) Lease rentals			426,71	434,00	379,05	386,90	394,75	363,00
2.	Other income			71,24	71,35	34,07	169,66	106,79	104,47
	Of which, rent			11	6	64	39	69	93
3.	Non-operating surplus(+)/ deficit(-)			-48	-7,82	-4,47	4,54	11,17	11,13
4.	TOTAL (1+2+3)			678,52	731,94	586,11	978,30	1,040,69	984,09
EXPENDITURE AND APPROPRIATIONS
5.	Interest			241,64	296,58	270,71	421,44	452,73	442,67
6.	Salaries, wages and bonus			14,98	17,26	15,67	23,86	29,72	30,26
7.	Provident fund			1,24	1,55	1,43	1,45	1,82	2,65
8.	Employees' welfare expenses			1,75	1,93	1,67	4,52	3,18	3,66
9.	Managerial remuneration			1,56	1,81	2,15	1,15	1,66	1,67
10.	Bad debts			8,32	22,87	69,10	51,91	16,92	94,49
11.	Other expenses			137,10	150,36	131,60	153,32	166,16	147,14
	Of which,		(a) Rent	12,59	53,69	42,30	54,70	52,53	36,41
			(b) Insurance	97	85	1,03	67	83	2,00
			(c) Advertisement	6,37	2,88	1,43	9,18	4,86	6,72
12.	Depreciation provision			181,41	217,63	214,00	179,97	199,11	130,92
13.	Other provisions
	(other than tax and depreciation)			9,96	23,18	40,41	32,42	34,80	77,67
14.	Operating profits			81,04	6,58	-156,17	103,72	123,42	41,84
15.	Non-operating surplus(+)/ deficit(-)			-48	-7,82	-4,47	4,54	11,17	11,13
16.	Profits before tax			80,56	-1,23	-160,64	108,25	134,59	52,96
17.	Less: tax provision			16,98	17,15	13,76	20,78	40,99	45,64
18.	Profits after tax			63,58	-18,38	-174,40	87,48	93,60	7,32
	(a) Dividends			38,47	20,79	8,59	44,74	41,55	23,18
		(i) Ordinary		37,22	19,85	8,01	41,11	37,42	20,00
		(ii) Preference		1,24	95	59	3,64	4,13	3,18
	(b) Profits retained			25,12	-39,17	-182,99	42,74	52,04	-15,86
19.	TOTAL (5 TO 15)			678,52	731,94	586,11	978,30	1,040,69	984,09

Note: Figures in brackets below the activities denote the number of companies. 'All activities' include figures for a miscellaneous activity group for which