ACCOUNTING ASSIGNMENT

NAME OF THE BANK – BANK OF BARODA

NAME: GOKUL
ROLL NO: 23E4151
CLASS: 1 MBA
BANK OF BARODA

The Bank of Baroda is one of the oldest and largest

banks in India. It was founded in 1908 in Baroda, now Vadodara, Gujarat, by
the Maharaja of Baroda. The bank has a rich history and has played a significant
role in the economic development of India.

Bank of Baroda has a strong presence both in India and internationally. It

operates in various segments, including retail banking, corporate banking, and
international banking. The bank has a widespread network of branches and
ATMs across India and has also expanded its presence in other countries.

In addition to traditional banking services, Bank of Baroda offers a range of

financial products and services, including loans, deposits, credit cards, and
wealth management. The bank has undergone various changes and
modernizations over the years to adapt to the evolving financial landscape.
 COMPARATIVE ANALYSIS FOR
INCOME STATEMENT

change in change in
Particulars 2022 2023 Rs. %

INCOME

Interest / Discount on
50,750.66 65,776.51 15,025.85 30%
Advances / Bills
Income from
19,536.07 24,801.06 5,264.99 27%
Investments
Interest on Balance
with RBI and Other 1,138.29 1,613.70 475.41 42%
Inter-Bank funds
Others 1,960.44 1,947.34 -13.10 -1%

Total Interest Earned 73,385.46 94,138.61 20,753.15 28%

Other Income 14,394.73 16,639.37 2,244.64 16%

Total Income 87,780.19 1,10,777.98 22,997.79 26%

EXPENDITURE

Interest Expended 38,815.47 49,942.17 11,126.70 29%

Payments to and
Provisions for 12,643.83 14,342.73 1,698.90 13%
Employees

Depreciation 1,438.24 2,031.86 593.62 41%

Operating Expenses
(excludes Employee 10,756.72 14,269.88 3,513.16 33%
Cost & Depreciation)
 Total Operating
24,838.79 30,644.46 5,805.67 23%
Expenses
Provision Towards
2,308.07 5,876.67 3,568.60 155%
Income Tax
Other Provisions and
14,117.62 9,626.80 -4,490.82 -32%
Contingencies
Total Provisions and
16,425.69 15,503.47 -922.22 -6%
Contingencies

Total Expenditure 80,079.96 96,090.10 16,010.14 20%

Net Profit / Loss for

7,700.23 14,687.88 6,987.65 91%
The Year
Net Profit / Loss
After EI & Prior 7,700.23 14,687.88 6,987.65 91%
Year Items

Minority Interest -83.29 -100.01 -16.72 20%

Share Of Profit/Loss
232.75 317.34 84.59 36%
Of Associates
Consolidated
Profit/Loss After MI 7,849.69 14,905.20 7,055.51 90%
And Associates
Profit / Loss Brought
-9,650.81 1,786.78 11,437.59 119%
Forward
Total Profit / Loss
available for -1,801.12 16,691.99 18,493.11 1027%
Appropriations

APPROPRIATIONS

Transfer To / From
1,831.19 3,583.88 1,752.69 96%
Statutory Reserve
Transfer To / From
250.00 300 50.00 20%
Special Reserve
Transfer To / From
512.47 0 -512.47 -100%
Capital Reserve
 Transfer To / From
0.00 229.52 229.52
General Reserve
Transfer To / From
2,368.42 3.33 -2,365.09 -100%
Investment Reserve
Transfer To / From
Revenue And Other -10,023.82 7,644.73 17,668.55 176%
Reserves

Equity Share Dividend 1,473.84 2,844.25 1,370.41 93%

Balance Carried Over

1,786.78 2,086.28 299.50 17%
To Balance Sheet

Total Appropriations -1,801.12 16,691.99 18,493.11 1027%

OTHER
ADDITIONAL
INFORMATION
EARNINGS PER
SHARE

Basic EPS (Rs.) 15 29 14.00 93%

Diluted EPS (Rs.) 15 29 14.00 93%

COMPARATIVE ANALYSIS FOR

BALANCE SHEET

change in change in
Particulars 2022 2023
Rs. %
Capital and
Liabilities:
Total Share Capital 1,035.53 1,035.53 0.00 0%
Equity Share Capital 1,035.53 1,035.53 0.00 0%
Share Application
0 0
Money
Reserves 90,832.55 1,04,019.18 13,186.63 15%

Net Worth 91,868.08 1,05,054.71 13,186.63 14%

12,34,682.0
Deposits 10,75,804.44 1,58,877.56 15%
0
Borrowings 1,09,526.11 1,07,910.16 -1,615.95 -1%
13,42,592.1
Total Debt 11,85,330.55 1,57,261.61 13%
6
Minority Interest 757.78 994.59 236.81 31%
Other Liabilities &
62,180.68 77,237.51 15,056.83 24%
Provisions
15,25,878.9
Total Liabilities 13,40,137.09 1,85,741.88 14%
7
Assets
Cash & Balances with
56,774.94 56,696.21 -78.73 0%
RBI
Balance with Banks,
73,453.66 45,677.18 -27,776.48 -38%
Money at Call
Advances 7,97,280.94 9,63,651.83 1,66,370.89 21%

Investments 3,47,587.10 3,97,487.23 49,900.13 14%

Gross Block 11,098.84 9,867.57 -1,231.27 -11%

Net Block 11,098.84 9,867.57 -1,231.27 -11%

Other Assets 53,941.62 52,498.94 -1,442.68 -3%

15,25,878.9
Total Assets 13,40,137.10 1,85,741.86 14%
6
Contingent Liabilities 4,70,704.64 6,49,495.68 1,78,791.04 38%

Book Value (Rs) 177.65 203.15 25.50 14%

 TREND ANALYSIS FOR
INCOME STATEMENT

TREND PERCENTAGE
BASE YEAR 2020
Particulars 2020 2021 2022 2023 2020 2021 2022 2023

INCOME
Interest /
Discount on 55,491.07 74,313.98 50,750.66 65,776.51 100 134 91 119
Advances / Bills
Income from
19,233.60 0 19,536.07 24,801.06 100 0 102 129
Investments
Interest on
Balance with
2,160.15 0 1,138.29 1,613.70 100 0 53 75
RBI and Other
Inter-Bank funds
Others 2,009.88 0 1,960.44 1,947.34 100 0 98 97

Total Interest
78,894.70 74,313.98 73,385.46 94,138.61 100 94 93 119
Earned

Other Income 12,191.33 14,687.20 14,394.73 16,639.37 100 120 118 136

Total Income 91,086.03 89,001.18 87,780.19 1,10,778 100 98 96 122

EXPENDITURE

Interest
50,039.89 43,201.18 38,815.47 49,942.17 100 86 78 100
Expended
Payments to and
Provisions for 9,279.24 0 12,643.83 14,342.73 100 0 136 155
Employees
Depreciation 1,697.23 0 1,438.24 2,031.86 100 0 85 120
Operating 9,599.81 23,117.47 10,756.72 14,269.88 100 241 112 149
Expenses
(excludes
Employee Cost
& Depreciation)
Total
Operating 20,576.28 23,117.47 24,838.79 30,644.46 100 112 121 149
Expenses
Provision
Towards Income 0 0 2,308.07 5,876.67
Tax
Other Provisions
and 19,527.67 21,228.63 14,117.62 9,626.80 100 109 72 49
Contingencies
Total
Provisions and 19,527.67 21,228.63 16,425.69 15,503.47 100 109 84 79
Contingencies
Total
90,143.85 87,547.28 80,079.96 96,090.10 100 97 89 107
Expenditure
Net Profit /
Loss for The 942.18 1,453.90 7,700.23 14,687.88 100 154 817 1559
Year
Net Profit /
Loss After EI &
942.18 1,453.90 7,700.23 14,687.88 100 154 817 1559
Prior Year
Items
Minority
-52.96 -72.63 -83.29 -100.01 100 137 157 189
Interest
Share Of
Profit/Loss Of 38.53 166.4 232.75 317.34 100 432 604 824
Associates
Consolidated
Profit/Loss
927.75 1,547.67 7,849.69 14,905.20 100 167 846 1607
After MI And
Associates
Profit / Loss
-
Brought 1,109.40 -9,650.81 1,786.78 100 -907 -870 161
10,057.43
Forward
Total Profit /
Loss available
2,037.15 -8,509.76 -1,801.12 16,691.99 100 -418 -88 819
for
Appropriations
APPROPRIATIONS

Transfer To / 149.9 238.54 1,831.19 3,583.88 100 159 1222 2391

From Statutory
Reserve
Transfer To /
From Special 180 287.49 250 300 100 160 139 167
Reserve
Transfer To /
From Capital 822.25 676.9 512.47 0 100 82 62 0
Reserve
Transfer To /
From General 0 0 0 229.52
Reserve
Transfer To /
From
-41.58 0 2,368.42 3.33 100 0 -5696 -8
Investment
Reserve
Transfer To /
From Revenue -
-331.41 -61.88 7,644.73 100 19 3025 -2307
And Other 10,023.82
Reserves
Equity Share
0 0 1,473.84 2,844.25
Dividend
Balance Carried
Over To Balance 1,258.00 -9,650.81 1,786.78 2,086.28 100 -767 142 166
Sheet
Total
2,037.15 -8,509.76 -1,801.12 16,691.99 100 -418 -88 819
Appropriations
OTHER
ADDITIONAL
INFORMATION
EARNINGS
PER SHARE

Basic EPS (Rs.) 2 3 15 29 100 150 750 1450

Diluted EPS
2 3 15 29 100 150 750 1450
(Rs.)

TREND ANALYSIS FOR

 BALANCE SHEET

TREND PERCENTAGE
BASE YEAR 2020
Particulars 2020 2021 2022 2023 2020 2021 2022 2023

INCOME
Capital and
Liabilities:
Total Share
925 1,036 1,036 1,036 100 112 112 112
Capital
Equity Share
925 1036 1036 1036 100 112 112 112
Capital
Share
Application 0 0 0 0
Money
Reserves 75,179 81,354 90,833 1,04,019 100 108 121 138

Net Worth 76,104 82,390 91,868 1,05,055 100 108 121 138

Deposits 9,73,228 9,95,910 10,75,804 12,34,682 100 102 111 127

Borrowings 95,753 71,263 1,09,526 1,07,910 100 74 114 113

Total Debt 10,68,981 10,67,173 11,85,331 13,42,592 100 100 111 126

Minority
386 436 758 995 100 113 196 258
Interest
Other Liabilities
54,471 52,677 62,181 77,238 100 97 114 142
& Provisions

Total 11,99,942 12,02,676 13,40,137 15,25,879 100 100 112 127

Liabilities

Assets
Cash &
34,245 40,154 56,775 56,696 100 117 166 166
Balances with
 RBI
Balance with
Banks, Money 96,760 88,507 73,454 45,677 100 91 76 47
at Call
Advances 7,06,540 7,23,242 7,97,281 9,63,652 100 102 113 136

Investments 2,89,727 2,81,859 3,47,587 3,97,487 100 97 120 137

Gross Block 9,268 8,441 11,099 9,868 100 91 120 106

Net Block 9,268 8,441 11,099 9,868 100 91 120 106

Other Assets 63,403 60,473 53,942 52,499 100 95 85 83

Total Assets 11,99,942 1,202,676 13,40,137 15,25,879 100 100 112 127

Contingent
3,77,459 4,66,044 4,70,705 6,49,496 100 123 125 172
Liabilities
Book Value
165 159 178 203 100 97 108 123
(Rs)

RATIO ANALYSIS
 Ratio analysis involves evaluating a company's financial performance by
examining relationships between different financial variables, like assets and
liabilities. It helps assess a company's health, efficiency, and profitability.

LIQUIDITY RATIO
Liquidity ratios measure a company's ability to meet its short-term obligations
with its liquid assets. These ratios give insights into a company's short-term
financial health.

QUICK RATIO
The quick ratio, also known as the acid-test ratio, assesses a company's ability
to cover its short-term liabilities with its most liquid assets, excluding inventory.
FORMULA – Quick Ratio – cash and cash equivalents + accounts
receivable/current liabilities
Current liabilities = deposits + borrowings + other liabilities and provision

Quick Ratio = cash and cash equivalents + accounts

receivable/current liabilities
= 56,696 + 9,63,652 / 14,19,830

Quick Ratio = 0.72

CURRENT RATIO
The current ratio is a measure of a company's ability to cover its short-term
liabilities with its short-term assets. It is calculated by dividing current assets by
current liabilities.
FORMULA – Current Ratio – Current assets / Current Liabilities
Current assets = cash and cash equivalents + accounts receivable + inventories
+ short term investments + prepaid expenses
Current liabilities = deposits + borrowings + other liabilities and provisions

Current Ratio = Current assets / Current Liabilities

 = 14,63,512 / 14,19,830
Current Ratio = 1.03

LIQUID RATIO
The liquid ratio, also known as the acid-test ratio, is a financial metric that
assesses a company's short-term liquidity and ability to meet its immediate
obligations without relying on the sale of inventory.
FORMULA – Liquid Ratio – Liquid assets / Liquid Liabilities
Liquid assets = Cash and Balances with Reserve Bank of India + Balances with
Banks Money at Call and Short Notice
Liquid liabilities = deposits + borrowings

Liquid Ratio = Liquid assets / Liquid Liabilities

= 1,02,373 / 13,42,592

Liquid Ratio = 0.076

CASH RATIO
The cash ratio is a liquidity ratio that measures a company's ability to cover its
short-term liabilities with its cash and cash equivalents.
FORMULA – Cash Ratio – Total Cash + Cash equivalent / Liquid Liabilities
Liquid liabilities = deposits + borrowings
Total Cash + Cash equivalent = Cash and Balances with Reserve Bank of India
+ Balances with Banks Money at Call and Short Notice

Cash Ratio = Total Cash + Cash equivalent / Liquid Liabilities

= 1,02,373 / 13,42,592

Cash Ratio = 0.076

PROFITABILITY RATIO
Profitability ratios measure a company's ability to generate profit relative to its
revenue, assets, equity, or other factors.These ratios provide insights into
different aspects of a company's profitability and financial performance.

GROSS PROFIT MARGIN

The Gross Profit Margin is a financial metric that represents the percentage of
revenue a company retains after deducting the cost of goods sold (COGS).
FORMULA – Gross Profit Margin – Gross Profit / Sales *100
In banking financial statement there is no such thing as gross profit and sales so
for sales I used the Total Income and for gross profit I used net interest income
which is the difference between interest earned and interest expended.

Gross Profit Margin = Gross Profit / Sales *100

= 44,196 / 1,10,777 *100

Gross Profit Margin = 39.89

NET PROFIT MARGIN

Net Profit Margin is a profitability ratio that measures the percentage of profit a
company earns from its total revenue. It is a key indicator of a
company's profitability.
FORMULA – Net Profit Margin – Net Income / Sales *100
In banking financial statement there is no such thing as sales so for sales I used
the Total Income.

Net Profit Margin = Net Income / Sales *100

= 14,688 / 1,10,777 *100

Net Profit Margin = 13.26

OPERATING PROFIT MARGIN
Operating Profit Margin is a profitability ratio that measures a company's
operating efficiency and profitability by expressing operating income as a
percentage of revenue.
FORMULA – Operating Profit Margin – operating Profit / Sales *100
Operating profit = total income – total operating expenses
= 80,133.51
In banking financial statement there is no such thing as sales so for sales I used
the Total Income.

Operating Profit Margin = operating Profit / Sales *100

= 80,134 / 1,10,777 *100

Operating Profit Margin = 72.33

RETURN ON ASSETS
Return on Assets (ROA) is a financial metric that measures a company's
efficiency in generating profits from its assets.
FORMULA – Return on Assets – Net Income / Assets

Return on Assets = Net Income / Assets

= 14,688 / 15,25,878.97

Return on Assets (ROA) = 0.0096

RETURN ON EQUITY
Return on Equity (ROE) is a financial metric that measures the profitability of a
company in relation to its shareholder's equity.
FORMULA – Return on Equity – Net Income / Shareholder’s Equity
Shareholder’s Equity=Equity capital + Reserve and surplus + Minority Interest.

Return on Equity = Net Income / Shareholder’s Equity

 = 14,688 / 1,06,049

Return on Equity (ROE) = 0.14

SOLVENCY RATIO
The solvency ratio is a financial metric that measures a company's ability to
meet its long-term debt obligations. It provides an indication of the company's
financial health and its ability to withstand financial stress over the long term.

DEBT-TO-EQUITY RATIO
The Debt-to-Equity Ratio is a financial metric that compares a company's total
debt to its shareholder's equity.This ratio provides insights into the proportion of
a company's financing that comes from debt relative to equity.
FORMULA – Debt-to-Equity Ratio – outstanding Debt / Total Equity
outstanding Debt = Borrowings
Total Equity = Equity Share capital + Reserve and surplus

Debt-to-Equity Ratio = outstanding Debt / Total Equity

= 1,07,910 / 1,05,054

Debt-to-Equity Ratio = 1.027

INTEREST COVERAGE RATIO

The Interest Coverage Ratio is a financial metric that assesses a company's
ability to cover its interest expenses with its operating income.
FORMULA – Interest Coverage Ratio – EBIT / Interest Expenses
EBIT = total income – total operating expenses
= 80,133.51

Interest Coverage Ratio = EBIT / Interest Expenses

 = 80,133.51 / 49,942

Interest Coverage Ratio = 1.60

DEBT-TO-ASSETS RATIO
The Debt-to-Assets Ratio is a financial metric that measures the proportion of a
company's assets financed by debt.
FORMULA – The Debt-to-Assets Ratio – Total Debt / Total Assets

The Debt-to-Assets Ratio = Total Debt / Total Assets

= 13,42,592 / 15,25,879

Debt-to-Assets Ratio = 0.88

EQUITY RATIO
The Equity Ratio, also known as the Equity to Assets Ratio, is a financial metric
that measures the proportion of a company's assets financed by its
shareholders' equity.
FORMULA – The Equity Ratio – Total Equity / Total Assets

The Equity Ratio = Total Equity / Total Assets

= 1,05,054 / 15,25,879

Equity Ratio = 0.069

PROFIT & LOSS OF BANK OF BARODA (in Rs. Cr.)

 Particulars 2020 2021 2022 2023

INCOME

Interest / Discount on
55,491.07 74,313.98 50,750.66 65,776.51
Advances / Bills
Income from
19,233.60 0 19,536.07 24,801.06
Investments
Interest on Balance
with RBI and Other 2,160.15 0 1,138.29 1,613.70
Inter-Bank funds

Others 2,009.88 0 1,960.44 1,947.34

Total Interest
78,894.70 74,313.98 73,385.46 94,138.61
Earned

Other Income 12,191.33 14,687.20 14,394.73 16,639.37

Total Income 91,086.03 89,001.18 87,780.19 1,10,777.98

EXPENDITURE

Interest Expended 50,039.89 43,201.18 38,815.47 49,942.17

Payments to and
Provisions for 9,279.24 0 12,643.83 14,342.73
Employees

Depreciation 1,697.23 0 1,438.24 2,031.86

Operating Expenses
(excludes Employee 9,599.81 23,117.47 10,756.72 14,269.88
Cost & Depreciation)
 Total Operating
20,576.28 23,117.47 24,838.79 30,644.46
Expenses

Provision Towards
0 0 2,308.07 5,876.67
Income Tax
Other Provisions and
19,527.67 21,228.63 14,117.62 9,626.80
Contingencies

Total Provisions and

19,527.67 21,228.63 16,425.69 15,503.47
Contingencies

Total Expenditure 90,143.85 87,547.28 80,079.96 96,090.10

Net Profit / Loss for

942.18 1,453.90 7,700.23 14,687.88
The Year
Net Profit / Loss
After EI & Prior 942.18 1,453.90 7,700.23 14,687.88
Year Items

Minority Interest -52.96 -72.63 -83.29 -100.01

Share Of Profit/Loss
38.53 166.4 232.75 317.34
Of Associates
Consolidated
Profit/Loss After MI 927.75 1,547.67 7,849.69 14,905.20
And Associates
Profit / Loss Brought
1,109.40 -10,057.43 -9,650.81 1,786.78
Forward
Total Profit / Loss
available for 2,037.15 -8,509.76 -1,801.12 16,691.99
Appropriations

APPROPRIATIONS

Transfer To / From
149.9 238.54 1,831.19 3,583.88
Statutory Reserve

Transfer To / From
180 287.49 250 300
Special Reserve
 Transfer To / From
822.25 676.9 512.47 0
Capital Reserve

Transfer To / From
0 0 0 229.52
General Reserve
Transfer To / From
-41.58 0 2,368.42 3.33
Investment Reserve
Transfer To / From
Revenue And Other -331.41 -61.88 -10,023.82 7,644.73
Reserves
Equity Share
0 0 1,473.84 2,844.25
Dividend

Balance Carried Over

1,258.00 -9,650.81 1,786.78 2,086.28
To Balance Sheet

Total
2,037.15 -8,509.76 -1,801.12 16,691.99
Appropriations

OTHER
ADDITIONAL
INFORMATION

EARNINGS PER
SHARE

Basic EPS (Rs.) 2 3 15 29

Diluted EPS (Rs.) 2 3 15 29

BALANCE SHEET OF BANK OF BARODA (in Rs. Cr.)

Particulars 2020 2021 2022 2023

 Capital and
Liabilities:

Total Share Capital 925.37 1,035.53 1,035.53 1,035.53

Equity Share Capital 925.37 1,035.53 1,035.53 1,035.53

Share Application
0 0 0 0
Money

Reserves 75,178.92 81,354.05 90,832.55 1,04,019.18

Net Worth 76,104.29 82,389.58 91,868.08 1,05,054.71

Deposits 9,73,228.15 9,95,909.81 10,75,804.44 12,34,682.00

Borrowings 95,752.70 71,263.34 1,09,526.11 1,07,910.16

10,68,980.8
Total Debt 10,67,173.15 11,85,330.55 13,42,592.16
5

Minority Interest 386.17 436.2 757.78 994.59

Other Liabilities &

54,470.82 52,676.86 62,180.68 77,237.51
Provisions

Total Liabilities 11,99,942.13 12,02,675.79 13,40,137.09 15,25,878.97

Assets

Cash & Balances

34,244.78 40,153.72 56,774.94 56,696.21
with RBI
Balance with Banks,
96,760.29 88,507.41 73,453.66 45,677.18
Money at Call

Advances 7,06,539.73 7,23,242.25 7,97,280.94 9,63,651.83

 Investments 2,89,726.72 2,81,859.00 3,47,587.10 3,97,487.23

Gross Block 9,267.69 8,440.84 11,098.84 9,867.57

Net Block 9,267.69 8,440.84 11,098.84 9,867.57

Other Assets 63,402.92 60,472.56 53,941.62 52,498.94

Total Assets 11,99,942.13 12,02,675.78 13,40,137.10 15,25,878.96

Contingent
3,77,459.05 4,66,044.29 4,70,704.64 6,49,495.68
Liabilities

Book Value (Rs) 164.71 159.32 177.65 203.15