Annexure 1: Combined Income, Expenditure and Appropriation Accounts-Financial and Investment Companies, 1995-96 to 1997-98

(Rs. lakh)

ALL COMPANIES

ALL COMPANIES

EXCLUDING ICICI AND HDFC

ITEM

(695)

(697)

1995-96

1996-97

1997-98

1995-96

1996-97

1997-98

1

2

3

4

5

6

7

INCOME

1.

Main Income

4,105,50

4,813,78

5,240,34

8,702,73

10,656,69

12,466,15

(a) Interest

606,90

725,21

926,06

4,220,35

5,405,19

6,702,01

(i) On loans and advances

427,50

545,75

664,29

3,565,61

4,457,63

5,421,88

(ii) Others

179,40

179,46

261,77

654,75

947,56

1,280,13

(b) Dividends

299,86

299,14

250,81

555,60

543,67

506,08

(c) Brokerage

77,35

127,68

110,90

138,16

247,75

278,66

(d) Net profit/loss in share dealings

210,40

130,12

131,94

331,01

292,29

386,42

(e) Net earnings from hire purchase financing

1,321,76

1,654,03

1,949,16

1,409,21

1,711,82

1,990,71

(f) Lease rentals

1,589,22

1,877,61

1,871,48

2,048,39

2,455,95

2,602,26

2.

Other income

630,56

615,34

607,47

799,19

692,91

714,90

Of which, rent

7,10

7,58

9,85

23,15

22,62

17,03

3.

Non-operating surplus(+)/deficit(-)

-2,17

10,96

2,29

52,05

32,28

81,08

4.

TOTAL (1+2+3)

4,733,89

5,440,07

5,850,11

9,553,97

11,381,88

13,262,13

EXPENDITURE AND APPROPRIATIONS

5.

Interest

1,965,51

2,428,10

2,715,98

5,080,53

6,436,92

7,525,50

6.

Salaries, wages and bonus

122,34

149,28

176,65

164,30

203,60

233,36

7.

Provident fund

8,22

10,59

13,11

15,73

17,95

20,80

8.

Employees' welfare expenses

16,15

19,69

17,35

21,58

26,93

24,25

9.

Managerial remuneration

9,14

12,84

12,64

10,11

14,54

13,82

10.

Bad debts

33,32

101,54

158,21

133,91

256,46

870,16

11.

Other expenses

679,63

841,19

904,76

836,84

1,087,77

1,163,79

Of which,

(a) Rent

70,70

122,64

150,47

81,75

138,17

165,86

(b) Insurance

3,33

5,43

5,97

4,78

6,82

7,41

(c) Advertisement

35,94

36,86

27,39

39,71

41,85

31,21

12.

Depreciation provision

832,93

1,010,43

1,125,07

1,095,53

1,316,55

1,479,37

13.

Other provisions (other than tax and depreciation)

40,05

85,70

187,77

53,48

257,97

296,68

14.

Operating profits

1,028,79

769,76

536,28

2,089,91

1,730,90

1,553,31

15.

Non-operating surplus(+)/deficit(-)

-2,17

10,96

2,29

52,05

32,28

81,08

16.

Profits before tax

1,026,61

780,71

538,57

2,141,97

1,763,18

1,634,39

17.

Less: tax provision

111,33

224,57

214,93

382,48

521,77

490,51

18.

Profits after tax

915,29

556,14

323,64

1,759,49

1,241,41

1,143,87

(a) Dividends

341,26

332,20

247,92

557,38

600,64

610,80

(i) Ordinary

331,16

307,69

216,38

536,70

557,16

567,51

(ii) Preference

10,10

24,51

31,54

20,67

43,48

43,29

(b) Profits retained

574,02

223,94

75,72

1,202,11

640,77

533,08

19.

TOTAL (5 TO 15)

4,733,89

5,440,07

5,850,11

9,553,97

11,381,88

13,262,13

Note

: Figures in brackets in column headings denote the number of companies.

Annexure 2: Combined Balance Sheet - Financial and Investment Companies, 1995-96 to 1997-98

(Rs. lakh)

ALL COMPANIES

ALL COMPANIES

EXCLUDING ICICI AND HDFC

CAPITAL AND LIABILITIES

(695)

(697)

1995-96

1996-97

1997-98

1995-96

1996-97

1997-98

1

2

3

4

5

6

7

A.

SHARE CAPITAL

3,108,35

3,531,61

4,201,72

3,935,23

4,309,07

5,084,10

1.

Paid-up capital

3,108,32

3,531,02

4,201,02

3,935,20

4,308,48

5,083,40

(a) Ordinary

2,752,67

3,064,52

3,727,55

3,417,76

3,695,18

4,324,80

    Of which, bonus

191,86

222,54

242,14

198,61

229,29

248,89

(b) Preference

355,65

466,50

473,47

517,45

613,30

758,59

2.

Forfeited shares

3

59

70

3

59

70

B.

RESERVES AND SURPLUS

5,063,89

6,206,29

6,166,46

9,282,43

11,558,40

12,016,77

3.

Capital reserve

2,554,07

3,510,90

3,107,82

4,488,26

6,300,97

5,969,70

Of which, premium on shares

2,354,94

2,537,50

2,664,57

3,946,50

4,825,51

4,778,41

4.

Investment allowance reserve

31,18

38,93

367,66

31,80

39,55

368,27

5.

Sinking funds

81,90

144,12

223,43

85,51

147,73

223,43

6.

Other reserves

2,396,73

2,512,33

2,467,57

4,676,85

5,070,14

5,455,37

C.

BORROWINGS

14,376,45

17,282,86

19,757,43

44,090,36

54,173,64

65,448,58

7.

Debentures @

1,972,04

2,447,60

3,857,31

11,941,60

17,659,13

25,924,58

8.

Loans and advances

7,765,04

8,062,88

8,709,32

24,267,70

25,574,40

27,466,19

(a) From banks

3,371,81

3,585,99

3,822,80

4,034,98

4,877,02

5,123,32

    Of which, short-term borrowings

2,994,88

3,407,51

3,435,22

3,521,84

4,508,81

4,735,75

(b) From other Indian Financial Institutions

1,826,87

1,488,34

1,560,11

4,887,97

4,501,84

4,310,37

(c) From Foreign Institutional agencies

27,10

32,77

58,26

7,402,38

6,839,35

7,122,65

(d) From government and semi-government bodies

2,00

5,76

5,76

1,664,73

1,365,97

2,488,72

(e) From companies

1,712,87

1,596,13

1,963,54

3,265,89

3,355,15

2,955,47

(f) From others

824,39

1,353,89

1,298,85

3,011,75

4,635,07

5,465,66

9.

Deferred payments

353,17

408,78

320,78

355,81

409,65

320,78

10. Public deposits

4,286,18

6,363,60

6,870,03

7,525,26

10,530,48

11,737,03

(Of total borrowings, debt)

9,032,48

10,925,89

13,080,65

35,901,86

44,744,53

56,262,04

D.

TRADE DUES AND OTHER CURRENT LIABILITIES

4,085,15

4,640,51

5,514,47

5,842,32

6,915,89

8,556,80

11.

Sundry creditors

883,15

890,60

977,70

1,295,51

1,419,90

1,431,75

12.

Acceptances

70,45

21,36

8,47

70,45

21,36

8,47

13.

Liabilities to subsidiaries and holding companies

3,90

8,77

14,39

4,61

8,77

16,48

14.

Advances and deposits from customers, agents, etc.

540,12

668,49

669,86

663,88

751,98

1,052,35

15.

Interest accrued on loans

454,96

674,20

890,26

1,300,23

1,857,17

2,376,87

16.

Others

2,132,56

2,377,10

2,953,80

2,507,63

2,856,72

3,670,88

E.

PROVISIONS

372,52

444,93

610,06

944,06

1,339,41

1,913,49

17.

Taxation (net of advance of income-tax)

-

-

-

-

-

-

18.

Dividends

317,08

299,58

219,14

523,21

568,64

596,45

19.

Other current provisions

37,91

81,96

188,80

38,27

212,22

188,80

20.

Non-current provisions

17,53

63,40

202,12

382,58

558,55

1,128,24

F.  

21.  

MISCELLANEOUS NON-CURRENT LIABILITIES

5  

5  

16  

5  

5  

16  

22.

TOTAL

27,006,40

32,106,25

36,250,30

64,094,45

78,296,46

93,019,88

G.

CASH AND BANK BALANCES

657,43

745,10

764,63

2,812,60

3,724,29

4,415,54

23.

Deposits with banks

581,54

639,20

668,09

2,679,96

3,469,55

4,081,76

24.

Cash in hand

75,88

105,91

96,54

132,64

254,75

333,78

H.

INVESTMENTS

5,829,66

7,618,30

9,208,55

11,598,99

14,598,17

18,366,22

Of

which, quoted investments

3,501,79

5,016,29

4,728,52

5,983,18

7,316,21

7,304,43

25.

Foreign securities

15

2,19

1,24

15

2,19

1,24

26.

Indian securities

5,829,51

7,616,11

9,207,31

11,598,84

14,595,98

18,364,98

(a) Government and semi-government securities

531,08

749,16

873,95

976,32

1,033,06

1,050,78

(b) Public sector undertakings

150,28

108,31

188,97

252,89

214,11

397,96

(c) Securities of financial institutions

165,61

167,79

109,85

497,60

337,55

162,22

(d) Mutual funds

75,59

78,97

68,57

307,39

347,39

438,31

(e) Shares and debentures of subsidiary/

holding companies and companies in the same group

234,89

440,23

765,58

574,68

904,92

1,227,41

(f) Shares and debentures of other Indian companies

4,580,82

6,020,58

7,026,18

8,891,08

11,665,16

14,829,53

(g) Others

91,26

51,08

174,20

98,87

93,80

258,77

I.

RECEIVABLES

13,547,23

16,056,85

18,482,04

40,220,85

48,854,22

58,410,37

27.

Loans and advances

12,352,14

14,286,73

16,301,83

37,382,89

45,271,86

54,532,84

(a) Subsidiary companies

73,97

102,96

99,99

135,71

163,76

365,17

(b) Holding companies and companies in the same group

37,36

9,77

10,60

37,36

9,77

10,60

(c) Against hire purchase

7,269,40

8,614,50

9,662,35

7,846,21

9,024,93

10,059,85

(d) Others

4,971,41

5,559,50

6,528,89

29,363,61

36,073,40

44,097,22

28.

Book debts

1,195,09

1,770,12

2,180,21

2,837,96

3,582,36

3,877,53

(a) Sundry debtors

736,65

949,56

1,159,77

847,80

1,231,40

1,287,61

(b) Dividend/Interest accrued

125,08

157,38

300,66

740,47

1,011,16

1,422,37

(c) Deposits with government/others

27,47

2,76

6,76

41,13

149,16

25,17

(d) Others

305,89

660,42

713,02

1,208,56

1,190,64

1,142,38

J.

INVENTORIES

1,161,85

1,034,86

928,97

1,248,24

1,161,10

1,083,51

29.

Government and semi-government securities

3

-

19

3

-

52,72

30.

Industrial securities

1,118,34

979,60

827,02

1,204,73

1,105,83

929,04

31.

Repossessed goods on hire purchase

19,37

34,91

53,24

19,37

34,91

53,24

32.

Other goods, stores and others

24,10

20,36

48,51

24,10

20,36

48,51

K.

33.

ADVANCE OF INCOME-TAX

(net of tax provision)

158,52

201,45

260,09

337,27

412,81

456,64

L.

34.

GROSS FIXED ASSETS

7,519,41

8,991,46

9,787,05

10,331,28

12,797,58

14,503,59

Of which,

(a) Plant and machinery leased

4,187,68

5,249,08

5,085,25

6,406,50

8,127,65

8,520,54

(b) Equipments leased

484,63

537,88

501,37

484,63

537,88

586,89

(c) Vehicles leased

1,352,58

1,505,99

1,708,69

1,453,30

1,613,99

1,801,03

(d) Other assets leased

297,50

208,48

427,62

327,85

488,80

707,94

M.

35.

Less: DEPRECIATION PROVISION

2,036,32

2,721,55

3,364,73

2,785,01

3,719,45

4,705,24

N.

36.

NET FIXED ASSETS

5,483,08

6,269,90

6,422,32

7,546,27

9,078,13

9,798,36

Of which, assets leased

4,522,14

5,122,97

4,844,71

6,184,64

7,476,49

7,498,18

O.

37.

OTHER ASSETS

168,63

179,78

183,71

330,23

467,75

489,26

38.

TOTAL

27,006,40

32,106,25

36,250,30

64,094,45

78,296,46

93,019,88

Note

:

Figures in brackets in column headings denote the number of companies.

@

Includes privately placed debentures.

-

Nil or negligible.

Annexure 3: Sources and Uses of Funds - Financial and Investment Companies, 1996-97 and 1997-98

(Rs. lakh)

ALL COMPANIES

ALL COMPANIES

EXCLUDING ICICI AND HDFC

SOURCES OF FUNDS

(695)

(697)

1996-97

1997-98

1996-97

1997-98

1

2

3

4

5

INTERNAL SOURCES

886,27

756,76

1,821,94

1,987,63

A.

1.

PAID-UP CAPITAL

30,68

19,60

30,68

19,60

B.

RESERVES AND SURPLUS

141,75

-12,01

537,87

452,50

2.

Capital reserve

-43,83

-375,28

12,98

-336,53

3.

Investment allowance reserve

7,75

328,72

7,75

328,72

4.

Sinking funds

62,22

79,31

62,22

75,69

5.

Other reserves

115,61

-44,76

454,92

384,61

C.

PROVISIONS

713,84

749,17

1,253,39

1,515,52

6.

Depreciation provision

684,37

642,67

933,57

985,28

7.

Taxation (net of advance of income-tax)

-42,94

-58,63

-75,54

-43,83

8.

Dividends

-17,50

-80,44

45,43

27,81

9.

Other current provisions

44,05

106,84

173,95

-23,43

10.

Non-current provisions

45,87

138,72

175,97

569,69

EXTERNAL SOURCES

4,076,12

4,155,12

12,652,47

13,861,04

D.

PAID-UP CAPITAL

610,58

806,47

1,411,86

945,08

11.

Net issues

392,58

650,50

473,30

789,05

12.

Premium on shares

217,99

155,97

938,56

156,03

E.

13.

CAPITAL RECEIPTS

3,77

-

3,77

-

F.

BORROWINGS

2,906,42

2,474,56

10,163,28

11,274,94

14.

Debentures @

475,56

1,409,71

5,717,53

8,265,46

15.

Loans and advances

297,83

646,42

1,386,69

1,891,80

(a) From banks

214,18

236,80

842,04

246,30

(b) From other Indian Financial Institutions

-338,53

71,77

-306,13

-191,47

(c) From Foreign Institutional agencies

5,67

25,49

-563,03

283,31

(d) From government and semi-government bodies

3,76

-

-298,77

1,122,75

(e) From companies

-116,75

367,41

89,26

-399,68

(f) From others

529,50

-55,04

1,623,32

830,58

16.

Deferred payments

55,61

-88,01

53,84

-88,87

17.

Public deposits

2,077,41

506,43

3,005,22

1,206,55

G.

TRADE DUES AND OTHER CURRENT LIABILITIES

555,36

873,96

1,073,57

1,640,90

18.

Sundry creditors

7,45

87,10

124,38

11,86

19.

Acceptances

-49,09

-12,89

-49,09

-12,89

20.

Liabilities to subsidiaries and holding companies

4,87

5,62

4,15

7,72

21.

Advances and deposits from customers, agents, etc.

128,37

1,37

88,10

300,37

22.

Interest accrued on loans

219,24

216,05

556,94

519,69

23.

Others

244,53

576,71

349,08

814,15

H.

24.

MISCELLANEOUS NON-CURRENT

LIABILITIES

-

12

-

12

25.

TOTAL

4,962,39

4,911,88

14,474,41

15,848,66

I.

CASH

AND BANK BALANCES

87,67

19,53

911,69

691,24

26. Deposits with banks

57,64

28,90

789,59

612,21

27. Cash in hand

30,03

-9,36

122,11

79,03

J.

INVESTMENTS

1,039,17

1,793,36

2,442,97

3,971,16

Of which, quoted investments

1,514,49

-287,77

1,333,04

-11,79

28. Foreign securities

2,04

-95

2,04

-95

29. Indian securities

1,037,13

1,794,31

2,440,93

3,972,11

(a)

Government and semi-government securities

218,08

124,79

56,74

17,73

(b)

Public sector undertakings

-41,97

80,66

-38,79

183,85

(c)

Securities of financial institutions

2,17

-57,94

33,21

-175,33

(d)

Mutual funds

3,38

-10,39

40,00

90,92

(e)

Shares and debentures of subsidiary/

holding companies and companies in the same group

205,34

325,22

330,23

322,36

(f)

Shares and debentures of other Indian companies

690,29

1,208,85

2,024,61

3,367,62

(g)

Others

-40,17

123,12

-5,07

164,97

K.

RECEIVABLES

2,509,61

2,425,19

8,633,36

9,556,15

30. Loans and advances

1,934,59

2,015,10

7,888,98

9,260,97

(a)

Subsidiary companies

28,99

-2,97

28,05

201,41

(b)

Holding companies and companies in the same group

-27,59

83

-27,59

83

(c)

Against hire purchase

1,345,11

1,047,85

1,178,72

1,034,92

(d)

Bills discounted

246,24