Performance of Financial and Investment Companies, 1998-99 (Part 5 of 5) - આરબીઆઈ - Reserve Bank of India
Performance of Financial and Investment Companies, 1998-99 (Part 5 of 5)
ANNEXURE 2 : COMBINED BALANCE SHEET - SELECTED FINANCIAL AND INVESTMENT COMPANIES, 1996-97 TO 1998-99 |
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(Rs. lakh) |
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ALL COMPANIES |
ALL COMPANIES |
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EXCLUDING ICICI AND HDFC |
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CAPITAL AND LIABILITIES |
(725) |
(727) |
|||||||
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|
1996-97 |
1997-98 |
1998-99 |
1996-97 |
1997-98 |
1998-99 |
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1 |
|
2 |
3 |
4 |
5 |
6 |
7 |
|
A. |
SHARE CAPITAL |
3,641,89 |
3,801,21 |
4,096,01 |
4,459,21 |
4,758,20 |
6,077,87 |
||
1. |
Paid-up capital |
3,640,46 |
3,799,67 |
4,094,38 |
4,457,78 |
4,756,66 |
6,076,24 |
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(a)Ordinary |
3,147,88 |
3,351,28 |
3,603,24 |
3,803,40 |
3,973,39 |
4,202,44 |
|||
Of which, bonus |
153,58 |
165,54 |
165,89 |
172,76 |
172,29 |
172,64 |
|||
(b) Preference |
492,58 |
448,39 |
491,14 |
654,38 |
783,27 |
1,873,80 |
|||
2. |
Forfeited shares |
1,43 |
1,54 |
1,63 |
1,43 |
1,54 |
1,63 |
||
B. |
RESERVES AND SURPLUS |
4,417,01 |
4,742,76 |
4,744,70 |
9,890,57 |
10,397,02 |
11,252,52 |
||
3. |
Capital reserve |
2,353,02 |
2,516,72 |
2,573,32 |
5,171,40 |
5,406,92 |
5,379,40 |
||
Of which, premium on shares |
2,283,39 |
2,417,41 |
2,444,99 |
4,594,71 |
4,554,56 |
4,557,56 |
|||
4. |
Investment allowance reserve |
29,28 |
17,45 |
11,93 |
29,90 |
18,07 |
13,59 |
||
5. |
Sinking funds |
106,95 |
184,00 |
210,45 |
169,10 |
209,81 |
210,45 |
||
6. |
Other reserves |
1,927,77 |
2,024,60 |
1,949,00 |
4,520,18 |
4,762,23 |
5,649,08 |
||
C. |
BORROWINGS |
15,210,80 |
17,658,63 |
18,637,88 |
52,896,06 |
64,053,04 |
75,429,09 |
||
7. |
Debentures @ |
1,875,32 |
2,918,47 |
3,974,16 |
17,218,65 |
25,066,41 |
35,616,56 |
||
8. |
Loans and advances |
7,586,48 |
7,985,28 |
9,316,92 |
25,305,70 |
27,030,75 |
28,924,39 |
||
(a)From banks |
3,357,40 |
3,436,13 |
3,129,01 |
4,714,03 |
4,881,96 |
5,109,47 |
|||
Of which, short-term borrowings |
3,120,92 |
2,889,80 |
2,622,22 |
4,287,82 |
4,335,64 |
4,602,68 |
|||
(b)From other Indian Financial Institutions |
1,438,91 |
1,380,68 |
1,077,90 |
4,554,15 |
4,229,60 |
3,361,00 |
|||
(c) From Foreign Institutional agencies |
32,77 |
58,26 |
116,42 |
6,839,35 |
7,122,65 |
7,322,27 |
|||
(d)From government and semi-government bodies |
2,00 |
4,13 |
4,19 |
1,362,21 |
2,487,09 |
3,301,65 |
|||
(e)From companies |
1,426,16 |
1,707,89 |
2,798,81 |
3,217,21 |
2,740,67 |
3,660,24 |
|||
(f) From others |
1,329,24 |
1,398,19 |
2,190,59 |
4,618,75 |
5,568,78 |
6,169,76 |
|||
9. |
Deferred payments |
375,90 |
298,63 |
321,95 |
376,77 |
298,63 |
321,95 |
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10. |
Public deposits |
5,373,09 |
6,456,26 |
5,024,86 |
9,994,95 |
11,657,25 |
10,566,21 |
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(Of total borrowings, debt) |
9,335,03 |
11,674,60 |
11,026,36 |
43,842,19 |
55,369,30 |
64,791,92 |
|||
D. |
TRADE DUES AND OTHER CURRENT LIABILITIES |
3,863,08 |
4,672,37 |
5,068,14 |
6,415,97 |
7,972,52 |
9,647,54 |
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11. |
Sundry creditors |
907,64 |
911,93 |
1,132,43 |
1,437,81 |
1,367,27 |
1,888,05 |
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12. |
Acceptances |
8,91 |
10,58 |
1,42 |
8,91 |
10,58 |
1,42 |
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13. |
Liabilities to subsidiaries |
||||||||
and holding companies |
8,40 |
11,48 |
4,56 |
8,40 |
13,57 |
9,55 |
|||
14. |
Advances and deposits from |
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customers, agents, etc. |
484,06 |
544,79 |
552,86 |
690,00 |
1,075,34 |
1,029,75 |
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15. |
Interest accrued on loans |
590,91 |
763,15 |
889,74 |
1,778,27 |
2,256,27 |
3,198,82 |
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16. |
Others |
1,863,17 |
2,430,44 |
2,487,14 |
2,492,59 |
3,249,50 |
3,519,95 |
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E. |
PROVISIONS |
398,15 |
486,01 |
831,83 |
1,304,60 |
1,911,82 |
2,651,97 |
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17. |
Taxation |
- |
- |
- |
- |
- |
- |
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(net of advance of income-tax) |
|||||||||
18. |
Dividends |
255,33 |
199,06 |
201,97 |
529,49 |
576,36 |
608,46 |
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19. |
Other current provisions |
97,85 |
118,72 |
232,40 |
228,25 |
167,06 |
365,82 |
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20. |
Non-current provisions |
44,97 |
168,23 |
397,46 |
546,87 |
1,168,40 |
1,677,70 |
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F. |
21. |
MISCELLANEOUS NON- |
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CURRENT LIABILITIES |
2 |
12 |
1 |
2 |
12 |
1 |
|
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22. |
TOTAL |
27,530,95 |
31,361,10 |
33,378,56 |
74,966,43 |
89,092,72 |
1,05,058,99 |
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(Rs. lakh) |
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ALL COMPANIES |
ALL COMPANIES |
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EXCLUDING ICICI AND HDFC |
|||||||||
ASSESTS |
(725) |
(727) |
|||||||
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1996-97 |
1997-98 |
1998-99 |
1996-97 |
1997-98 |
1998-99 |
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1 |
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2 |
3 |
4 |
5 |
6 |
7 |
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G. |
CASH AND BANK BALANCES |
667,18 |
745,59 |
693,82 |
3,712,59 |
4,420,84 |
5,211,61 |
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23. |
Deposits with banks |
591,61 |
660,00 |
613,89 |
3,488,04 |
4,097,86 |
4,969,73 |
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24. |
Cash in hand |
75,58 |
85,59 |
79,93 |
224,55 |
322,97 |
241,88 |
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H. |
INVESTMENTS |
5,600,13 |
7,309,21 |
8,447,33 |
12,709,45 |
16,580,81 |
19,198,63 |
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Of which, quoted investments |
3,367,20 |
3,522,29 |
3,955,03 |
5,776,69 |
6,128,55 |
6,437,52 |
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25. |
Foreign securities |
2,06 |
82 |
2 |
2,06 |
82 |
2 |
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26. |
Indian securities |
5,598,07 |
7,308,39 |
8,447,31 |
12,707,39 |
16,579,99 |
19,198,61 |
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(a)Government and |
|||||||||
semi-government securities |
601,11 |
705,75 |
703,84 |
914,42 |
911,91 |
944,76 |
|||
(b)Public sector undertakings |
80,99 |
161,88 |
147,65 |
227,10 |
398,34 |
390,91 |
|||
(c) Securities of financial institutions |
164,63 |
122,26 |
95,31 |
342,40 |
180,77 |
443,28 |
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(d)Mutual funds |
56,23 |
46,90 |
64,39 |
324,95 |
416,63 |
349,53 |
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(e)Shares and debentures of |
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subsidiary/holding companies and |
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companies in the same group |
403,86 |
726,48 |
705,33 |
885,16 |
1,200,30 |
1,147,93 |
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(f) Shares and debentures of |
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other Indian companies |
4,240,37 |
5,488,95 |
6,681,89 |
9,915,59 |
13,327,22 |
15,780,62 |
|||
(g)Others |
50,88 |
56,18 |
48,89 |
97,77 |
144,83 |
141,56 |
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I. |
RECEIVABLES |
13,950,66 |
15,924,00 |
16,386,07 |
47,473,67 |
56,494,42 |
66,451,68 |
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27. |
Loans and advances |
12,325,03 |
14,016,05 |
14,208,29 |
43,994,05 |
52,781,21 |
60,443,22 |
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(a)Subsidiary companies |
84,03 |
206,14 |
113,09 |
154,46 |
471,32 |
324,36 |
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(b)Holding companies and |
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companies in the same group |
8,59 |
31,40 |
19,54 |
8,59 |
31,40 |
19,54 |
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(c) Against hire purchase |
7,436,11 |
8,567,75 |
8,004,21 |
8,374,88 |
9,371,28 |
8,265,83 |
|||
(d)Others |
4,796,30 |
5,210,76 |
6,071,45 |
35,456,12 |
42,907,21 |
51,833,49 |
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28. |
Book debts |
1,625,63 |
1,907,95 |
2,177,78 |
3,479,62 |
3,713,21 |
6,008,46 |
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(a)Sundry debtors |
902,48 |
1,034,27 |
1,356,26 |
1,226,07 |
1,247,01 |
1,666,74 |
|||
(b)Dividend/ Interest accrued |
145,22 |
284,61 |
396,49 |
999,00 |
1,406,32 |
1,891,30 |
|||
(c) Deposits with government/ others |
16,38 |
18,20 |
17,91 |
162,78 |
36,61 |
31,59 |
|||
(d)Others |
561,55 |
570,87 |
407,12 |
1,091,77 |
1,023,27 |
2,418,83 |
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J. |
INVENTORIES |
1,762,31 |
1,436,35 |
2,167,54 |
1,895,07 |
1,603,84 |
3,783,86 |
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29. |
Government and semi-government securities |
212,27 |
268,99 |
591,75 |
212,27 |
321,51 |
1,204,22 |
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30. |
Industrial securities |
1,514,70 |
1,098,41 |
1,424,44 |
1,640,93 |
1,200,43 |
2,428,29 |
||
31. |
Repossessed goods on hire purchase |
19,97 |
37,34 |
90,18 |
26,50 |
50,28 |
90,18 |
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32. |
Other goods, stores and others |
15,37 |
31,61 |
61,17 |
15,37 |
31,61 |
61,17 |
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K. |
33. |
ADVANCE OF INCOME-TAX |
185,89 |
200,65 |
217,55 |
408,36 |
412,01 |
677,90 |
|
(net of tax provision) |
|||||||||
L. |
34. |
GROSS FIXED ASSETS |
7,144,16 |
8,049,62 |
8,358,28 |
11,315,84 |
13,082,83 |
14,153,97 |
|
Of which, |
(a) Plant and machinery leased |
4,340,98 |
4,481,47 |
4,617,98 |
7,324,94 |
8,008,06 |
8,642,75 |
||
(b) Equipments leased |
275,15 |
252,62 |
277,12 |
287,59 |
348,92 |
357,82 |
|||
(c) Vehicles leased |
1,164,72 |
1,426,07 |
1,467,74 |
1,492,57 |
1,708,86 |
1,904,80 |
|||
(d) Other assets leased |
276,66 |
463,76 |
310,79 |
556,98 |
744,08 |
591,11 |
|||
M. |
35. |
Less: DEPRECIATION PROVISION |
1,976,13 |
2,510,54 |
3,073,20 |
3,049,90 |
4,026,05 |
4,919,21 |
|
N. |
36. |
NET FIXED ASSETS |
5,168,02 |
5,539,08 |
5,285,08 |
8,265,93 |
9,056,78 |
9,234,75 |
|
Of which, assets leased |
4,272,82 |
4,395,39 |
3,978,12 |
6,867,44 |
7,257,73 |
7,077,46 |
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O. |
37. |
OTHER ASSETS |
196,75 |
206,22 |
181,16 |
501,34 |
524,02 |
500,55 |
|
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38. |
TOTAL |
27,530,95 |
31,361,10 |
33,378,56 |
74,966,43 |
89,092,72 |
1,05,058,99 |
Note: Figures in brackets in column headings de note the number of companies. |
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@ |
Includes privately placed debentures. |
- |
Nil or negligible. |
ANNEXURE 3 : SOURCES AND USES OF FUNDS - SELECTED FINANCIAL AND INVESTMENT COMPANIES, 1997-98 AND 1998-99 |
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(Rs. lakh) |
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ALL COMPANIES |
ALL COMPANIES |
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EXCLUDING ICICI AND HDFC |
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SOURCES OF FUNDS |
(725) |
(727) |
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1997-98 |
1998-99 |
1997-98 |
1998-99 |
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1 |
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2 |
3 |
4 |
5 |
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INTERNAL SOURCES |
755,36 |
844,62 |
1,874,59 |
2,174,01 |
||||
A. |
1. |
PAID-UP CAPITAL |
11,96 |
47 |
-21,68 |
47 |
||
B. |
RESERVES AND SURPLUS |
135,94 |
-47,30 |
316,59 |
806,26 |
|||
2. |
Capital reserve |
-26,11 |
7,39 |
45,65 |
-76,73 |
|||
3. |
Investment allowance reserve |
-11,83 |
-5,53 |
-11,83 |
-4,48 |
|||
4. |
Sinking funds |
77,05 |
26,45 |
40,71 |
63 |
|||
5. |
Other reserves |
96,82 |
-75,60 |
242,05 |
886,84 |
|||
C. |
PROVISIONS |
607,46 |
891,44 |
1,579,68 |
1,367,27 |
|||
6. |
Depreciation provision |
534,37 |
562,51 |
976,11 |
893,02 |
|||
7. |
Taxation (net of advance of income-tax) |
-14,76 |
-16,90 |
-3,66 |
-265,89 |
|||
8. |
Dividends |
-56,27 |
2,91 |
46,87 |
32,09 |
|||
9. |
Other current provisions |
20,87 |
113,68 |
-61,19 |
198,76 |
|||
10. |
Non-current provisions |
123,26 |
229,23 |
621,54 |
509,30 |
|||
EXTERNAL SOURCES |
3,575,09 |
1,710,53 |
13,204,85 |
14,437,04 |
||||
D. |
PAID-UP CAPITAL |
312,23 |
335,44 |
485,58 |
1,385,90 |
|||
11. |
Net issues |
147,36 |
294,32 |
320,66 |
1,344,78 |
|||
12. |
Premium on shares |
164,86 |
41,12 |
164,92 |
41,12 |
|||
E. |
13. |
CAPITAL RECEIPTS |
5,64 |
18 |
5,64 |
18 |
||
F. |
BORROWINGS |
2,447,84 |
979,25 |
11,156,98 |
11,376,05 |
|||
14. |
Debentures @ |
1,043,15 |
1,055,69 |
7,847,76 |
10,550,15 |
|||
15. |
Loans and advances |
398,79 |
1,331,63 |
1,725,06 |
1,893,61 |
|||
(a)From banks |
78,73 |
-307,12 |
167,93 |
227,50 |
||||
(b)From other Indian Financial Institutions |
-58,23 |
-302,78 |
-324,55 |
-868,60 |
||||
(c) From Foreign Institutional agencies |
25,49 |
58,15 |
283,31 |
199,62 |
||||
(d)From government and semi-government bodies |
2,13 |
6 |
1,124,88 |
814,56 |
||||
(e)From companies |
281,73 |
1,090,92 |
-476,55 |
919,57 |
||||
(f) From others |
68,94 |
792,40 |
950,03 |
600,97 |
||||
16. |
Deferred payments |
-77,27 |
23,33 |
-78,14 |
23,33 |
|||
17. |
Public deposits |
1,083,17 |
-1,431,40 |
1,662,30 |
-1,091,04 |
|||
G. |
TRADE DUES AND OTHER CURRENT LIABILITIES |
809,28 |
395,77 |
1,556,55 |
1,675,02 |
|||
18. |
Sundry creditors |
4,29 |
220,50 |
-70,55 |
520,79 |
|||
19. |
Acceptances |
1,67 |
-9,16 |
1,67 |
-9,16 |
|||
20. |
Liabilities to subsidiaries and holding companies |
3,08 |
-6,92 |
5,17 |
-4,02 |
|||
21. |
Advances and deposits from customers, agents |
60,73 |
8,07 |
385,34 |
-45,59 |
|||
22. |
Interest accrued on loans |
172,24 |
126,59 |
478,00 |
942,55 |
|||
23. |
Others |
567,27 |
56,69 |
756,91 |
270,44 |
|||
H. |
24. |
MISCELLANEOUS NON-CURRENT |
||||||
|
|
LIABILITIES |
10 |
-10 |
10 |
-10 |
||
|
25. |
TOTAL |
4,330,45 |
2,555,15 |
15,079,44 |
16,611,05 |
||
I. |
CASH AND BANK BALANCES |
78,41 |
-51,77 |
708,25 |
790,77 |
|||
26. |
Deposits with banks |
68,40 |
-46,11 |
609,82 |
871,86 |
|||
27. |
Cash in hand |
10,02 |
-5,67 |
98,43 |
-81,10 |
|||
J. |
INVESTMENTS |
1,709,08 |
1,138,12 |
3,871,36 |
2,643,41 |
|||
Of which, quoted investments |
155,09 |
432,75 |
351,86 |
308,97 |
||||
28. |
Foreign securities |
-1,24 |
-80 |
-1,24 |
-80 |
|||
29. |
Indian securities |
1,710,32 |
1,138,93 |
3,872,60 |
2,644,21 |
|||
(a)Government and semi-government securities |
104,64 |
-1,91 |
-2,51 |
32,85 |
||||
(b)Public sector undertakings |
80,88 |
-14,22 |
171,24 |
-7,43 |
||||
(c) Securities of financial institutions |
-42,36 |
-26,95 |
-161,63 |
262,52 |
||||
(d)Mutual funds |
-9,33 |
17,49 |
91,69 |
-67,10 |
||||
(e)Shares and debentures of subsidiary/ |
||||||||
holding companies and companies in |
||||||||
the same group |
322,62 |
-21,14 |
315,14 |
-52,36 |
||||
(f) Shares and debentures of other Indian companies |
1,248,58 |
1,192,94 |
3,411,62 |
2,478,99 |
||||
(g)Others |
5,29 |
-7,29 |
47,05 |
-3,25 |
||||
K. |
RECEIVABLES |
1,973,33 |
462,08 |
9,020,74 |
9,957,26 |
|||
30. |
Loans and advances |
1,691,02 |
192,24 |
8,787,15 |
7,662,03 |
|||
(a)Subsidiary companies |
122,11 |
-93,05 |
316,86 |
-146,96 |
||||
(b)Holding companies and companies in the same group |
22,81 |
-11,86 |
22,81 |
-11,86 |
||||
(c) Against hire purchase |
1,131,65 |
-563,54 |
996,40 |
-1,105,44 |
||||
(d)Bills discounted |
-181,39 |
-47,48 |
-206,91 |
-1,01 |
||||
(e)Others |
595,85 |
908,16 |
7,657,99 |
8,927,30 |
||||
31. |
Book debts |
282,31 |
269,84 |
233,60 |
2,295,23 |
|||
(a)Sundry debtors |
131,78 |
321,99 |
20,93 |
419,73 |
||||
(b)Dividend/ Interest accrued |
139,39 |
111,89 |
407,32 |
484,98 |
||||
(c) Others |
11,14 |
-164,04 |
-194,66 |
1,390,53 |
||||
L. |
INVENTORIES |
-325,96 |
731,19 |
-291,23 |
2,180,02 |
|||
32. |
Government and semi-government securities |
56,72 |
322,76 |
109,24 |
882,70 |
|||
33. |
Industrial securities |
-416,28 |
326,03 |
-440,50 |
1,227,87 |
|||
34. |
Repossessed goods on hire purchase |
17,37 |
52,85 |
23,79 |
39,90 |
|||
35. |
Other goods, stores and others |
16,24 |
29,55 |
16,24 |
29,55 |
|||
M. |
36. |
GROSS FIXED ASSETS |
886,12 |
300,57 |
1,747,65 |
1,063,05 |
||
Of which, |
(a) Plant and machinery leased |
140,50 |
136,51 |
683,12 |
634,69 |
|||
(b) Equipments leased |
-22,53 |
24,50 |
61,33 |
8,90 |
||||
(c) Vehicles leased |
261,36 |
41,66 |
216,29 |
195,94 |
||||
(d) Other assets leased |
187,10 |
-152,97 |
187,10 |
-152,96 |
||||
N. |
37. |
OTHER ASSETS |
9,47 |
-25,05 |
22,67 |
-23,46 |
||
|
38. |
TOTAL |
4,330,45 |
2,555,15 |
15,079,44 |
16,611,05 |
APPENDIX
Explanatory Notes to Various Statements
- Due to rounding off of figures, the constituent items may not add up to the totals.
- The growth rates of all the items and data on sources and uses of funds are adjusted for changes due to amalgamation of companies. These are also adjusted for revaluation, etc., wherever necessary.
- Income includes non-operating surplus/ deficit but excludes transfers from reserves outstanding at the end of the previous year and amount carried forward at the end of the previous year.
- Non-operating surplus/ deficit comprises (a) profit/ loss on account of (i) sale of fixed assets, etc., and (ii) revaluation/ devaluation of assets/ foreign currencies, (b) provisions no longer required written back, (c) insurance claims realised and (d) income/ expenditure relating to the previous years and such other items of non-current nature.
- Profit/ loss on sale of financial investments is included in net profit/ loss in share dealings.
- Total expenditure comprises interest payments, remuneration to employees, managerial remuneration, bad debts, other expenses, depreciation provision and other provisions.
- Remuneration to employees comprises (a) salaries, wages and bonus, (b) provident fund and (c) employees' welfare expenses (including gratuity, etc.).
- Tax provision includes tax deducted at source in respect of interest/ dividend received by the companies.
- Operating profits are net of depreciation provision and interest payments.
- Profit making companies are those companies making operating profits.
- Ordinary dividend payment includes deferred dividends.
- Retained profits comprises transfers to reserves and profit/ loss carried to balance-sheet.
- Ordinary paid-up capital includes deferred shares.
- Capital reserves include profit on sale of investments and fixed assets.
- Other reserves include profits retained in the form of various specific reserves and profit/ loss carried to balance sheet.
- Equity or Net worth comprises (a) paid-up capital, (b) forfeited shares and (c) all reserves and surplus.
- Debentures include privately placed debentures with financial institutions.
- Debt comprises (a) all borrowings from Government and semi-Government bodies, financial institutions other than banks, and from foreign institutional agencies, (b) borrowings from banks against mortgages and other long term securities, (c) borrowings from companies and others against mortgages and other long term securities, (d) debentures, deferred payment liabilities and public deposits.
Trade dues and other current liabilities-others includes share application money.