DBS Bank Ltd., India Annual Report 2011-12 31
SCHEDULES TO FINANCIAL STATEMENTS
for the year ended 31 March 2012
In ` thousands 31 Mar 2012
31 Mar 2011
15. INTEREST EXPENDED
Interest on Deposits 6,346,881
3,577,042 Interest on RBIInter-bank borrowings
4,102,843 2,330,860
Total 10,449,724
5,907,902 including interest on Repos, CBLOs and Subordinated Debt
16. OPERATING EXPENSES
Payments to and provisions for employees 1,942,887
1,251,625 Rent, taxes and lighting
472,585 403,645
Printing and Stationery 12,859
10,311 Advertisement and publicity
37,369 37,190
Depreciation on Banks property 196,094
135,763 Auditors fees and expenses
2,878 2,500
Law Charges 85,052
26,381 Postage, Telegram, Telephone, etc.
36,119 34,315
Repairs and maintenance 80,636
59,282 Insurance
103,841 69,026
Brokerage charges 51,172
29,001 Professional Fees
87,062 43,984
Head Office Expenses 218,876
103,597 Computerisation and related expenses
497,603 381,405
Other Expenditure 295,639
137,741
Total 4,120,672
2,725,766 17. PROVISIONS AND CONTINGENCIES
Provision for Non Performing Assets 771,249
240,570 Bad Debts written off net
23,333 343,129
Provision for Standard Asset including credit exposure in derivatives 423,086
47,841 ProvisionWrite-back for Depreciation on Investments
419,408 75,915
Provision for Current Income-Tax 2,873,272
1,193,867 ProvisionWrite-back for Deferred Income-Tax
527,378 193,630
Provision for Wealth Tax 2
14 ProvisionWrite-back for Country Risk
11,675 6,329
Total 3,155,831
1,714,035
32
SCHEDULES TO FINANCIAL STATEMENTS
for the year ended 31 March 2012
SCHEDULE 18
SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS
1. BACKGROUND
The accompanying financial statements for the year ended 31 March 2012 comprise the accounts of the
India branches of DBS Bank Ltd. ‘the Bank’, which is incorporated in Singapore. The India branches of the Bank
as at 31 March 2012 are located at Mumbai, New Delhi, Bengaluru, Chennai, Pune, Kolkata, Nashik, Surat, Salem,
Moradabad, Kolhapur and Cuddalore.
2. BASIS OF PREPARATION
The financial statements have been prepared and presented under the historical cost convention on an accrual basis
of accounting, unless otherwise stated and in accordance with Generally Accepted Accounting Principles ‘GAAP’ in
India, statutory requirements prescribed under the Banking Regulation Act, 1949, circulars and guidelines issued by
the Reserve Bank of India ‘RBI’ from time to time, the Accounting Standards ‘AS’ prescribed by the Companies
Accounting Standards Rules, 2006 to the extent applicable and current practices prevailing within the banking industry
in India.
3. USE OF ESTIMATES
