Previous Year Rs. Crores		Liabilities	Schedules	Current Year Rs. Crores
350.00	1.	Capital	I	450.00
966.71	2.	Reserves	II	1087.95
0.74	3.	Profit & Loss Account	III	0.68
3051.92	4.	Bonds and Debentures	IV	6010.52
…	5.	Subordinated Debts		400.00
159.88	6.	Deposits in HLAS - As per contra		171.65
1778.08	7.	Borrowings	V	1521.53
426.24	8.	Current Liabilities and Provisions	VI	401.75
348.97	9.	Other Liabilities	VII	245.58
7082.54				10289.66
P.K. Agrawal	P. S. Juneja		P.K. Chattopadhyay
Asst. Gen. Manager	Dy. General Manager		General Manager
A.K.Sohani	R.V.Verma		V. Sridar
Executive Director	Executive Director		Chairman & Managing Director
Directors
'S.B.Mathur	Ashok Kumar		L. M. Mehta	Vepa Kamesam
'K.Madhava Rao	Shekhar Agarwal		Wilfred Lakra	A. Bhattacharya
A.K. Samantaray

                     New Delhi, 25th August, 2003

                                                              General Fund as at 30th June, 2003

Previous Year Rs. Crores		Assets	Schedules	Current Year Rs. Crores
1017.18	1.	Cash and Bank Balances	VIII	2327.72
178.76	2.	Investments	IX	387.02
5204.94	3.	Loans and Advances	X	6883.39
27.26	4.	Fixed Assets	XI	31.83
494.52	5.	Other Assets	XII	487.67
…	6.	Deferred Tax Assets		0.38
159.88	7.	HLA deposits with banks/HFCs - As per contra (out of this, Rs.13.82 crores used as automatic refinance) Notes forming part of	XIII	171.65
7082.54		Accounts		10289.66

As per our attached Report of even date

For Arun K. Agarwal & Associates
Chartered Accountants

(V. K. Jain)
Partner

 

Profit & Loss Account

Previous Year Rs. Crores		Expenditure	Current Year Rs. Crores
593.53	1.	Interest	538.96
	2.	Staff Salaries, Allowances etc. and Terminal benefits	10.36
	3.	Directors' and Committee Members
0.05		fees and Expenses	0.06
0.02	4.	Audit Fees	0.01
…	5.	Rent, Taxes, Electricity and Insurance	3.30
0.30	6.	Postage, Telegrams, Telex and Telephones	0.28
1.40	7.	Law Charges	0.12
	8.	Stationery, Printing,
0.65		Advertisement etc.	1.08
1.26	9.	Depreciation	1.88
10.57	10.	Underwriting Commission, Brokerage and Guarantee Fee	9.83
0.53	11.	Travelling Expenses	0.74
2.72	12.	Other Expenditure	3.42
…	13.	Loss in Securities Transaction of 1991-92	150.45
…	14.	Wealth Tax	0.20
…	15.	Deferred Tax	0.06
178.35	16.	Balance of Profit carried down	127.50
793.50			848.25
69.66	17.	Provision for Income Tax	6.76
…	18.	Transferred to Investment Fluctuation Reserve	16.20
… 53.39	19.	Transferred to Special Reserve in terms of Section 36(1)(viii) of Income Tax Act, 1961	35.50
68.09	20.	Balance Carried to Balance Sheet	69.10
191.14			127.56
P.K. Agrawal		P. S. Juneja	P.K. Chattopadhyay
Asst. Gen. Manager		Dy. General Manager	General Manager
A.K.Sohani		R.V.Verma	V. Sridar
Executive Director		Executive Director	Chairman & Managing Director
Directors
'S.B.Mathur	Ashok Kumar	L. M. Mehta	Vepa Kamesam
K.Madhava Rao	Shekhar Agarwal	Wilfred Lakra	A. Bhattacharya
A.K. Samantaray
New Delhi, 25th August, 2003

                                                                                                                                             General Fund

                    for the year ended 30th June, 2003

Previous Year Rs. Crores		Income (Less provision made during the year for bad and doubtful debts and other necessary and expedient provisions)	Current Year Rs. Crores
746.06	1.	Interest & Discount	676.65
18.92	2.	Income from Investments	38.25
28.52	3.	Other Income	54.67
…	4.	Provisions no longer required, now written back	62.48
…	5.	Provisions & Contingencies (Excess Provision on Investments reversed)	16.20
793.50			848.25
178.35	6.	Balance of Profit brought down	127.50
12.79	7.	Trfd. from Investment Fluctuation Reserve	0.06
191.14			127.56

As per our attached Report of even date

For Arun K. Agarwal & Associates
Chartered Accountants




(V. K. Jain)
Partner

Schedules to the Balance Sheet as on 30th June, 2003
	Previous Year Rs. Crores				Current Year Rs. Crores
		SCHEDULE - I
			CAPITAL
	350.00	1.	Authorised		450.00
	350.00	2.	Issued and Paid-up (wholly subscribed by the Reserve Bank of India)		450.00
	350.00				450.00
		SCHEDULE - II
			RESERVES
	714.00	1.	Reserve Fund		759.00
		2.	Special Fund
70.00			i. Rural Housing Fund Less: Amount borrowed from RBI out of National	…
50.00			Housing Credit (LTO) Fund
(20.00)	…		Less : Transferred to General Reserve
			ii. Slum Improvement & Low Cost
	195.51		Housing Fund		212.48
		3.	Other Reserves
5.00			i. Research & Development Fund	…
15.00			ii. Equity Participation Fund	…
5.00			iii. Savings Incentive for EWS Fund
(25.00)	…		Less : Transferred to General Reserve	…	…
	53.39	4.	Special Reserve in terms of Section 36(1)(viii) of Income Tax Act, 1961		88.89
	3.81	5.	Investment Fluctuation Reserve		19.95
	…	6.	Taxation Reserve		7.38
	…	7.	Staff Benevolent Fund		0.25
	966.71				1087.95
		SCHEDULE - III
			PROFIT & LOSS ACCOUNT
0.73		1.	Opening Balance	0.74
0.00			Balance as per annexed accounts	69.10
…			Add: Transfer from Taxation Reserve Less : Profit of Slum Improvement & Low	0.06	69.90
12.08			Cost Housing Fund Transferred	16.97
		2.	Less: Appropriations
56.00			i. Reserve Fund	45.00
			ii. Taxation Reserve	7.00
			iii. Staff Benevolent Fund	0.25	69.22
	0.74		Balance of Net Profit		0.68

                                                                            General Fund

	Previous Year Rs. Crores				Current Year Rs. Crores
		SCHEDULE - IV
			BONDS AND DEBENTURES
	475.50	1.	Government Guaranteed Bonds		475.50
		2.	Priority Sector Bonds
725.00			i. Tax-free Bonds	1100.00
1287.40			ii. Taxable Bonds	1935.30
564.00			iii. Special Series Bonds	551.80
	2576.40		(secured by Deposits held outside India)		35.87.10
	0.02	3.	Capital Gain Bonds		1947.92
	3051.92				60.10.52
		SCHEDULE - V
			BORROWINGS
			From Reserve Bank of India
		1.	i. Out of National Housing Credit
	175.00		(Long Term Operations) Fund		175.00
	75.00		ii. Others (Line of Credit)		90.00
		2.	From Other Sources
	855.33		i. In India		630.00
	672.75		ii. Outside India		626.53
	1778.08				1521.53
		SCHEDULE - VI
			CURRENT LIABILITIES AND PROVISIONS
	212.34	1.	Interest Payable		189.49
	78.04	2.	Interest & Instalments received in advance etc.		51.53
	4.67	3.	Expenses Payable		8.31
	131.19	4.	Provisions for NPA's / Std. Assets/ Contingencies etc.		152.42
	426.24				401.75
		SCHEDULE - VII
			OTHER LIABILITIES
	27.49	1.	Unsettled transactions of 1991-92		0.09
	321.48	2.	Sundry Deposits etc.		245.49
	348.97				245.58
		SCHEDULE - VIII
			CASH & BANK BALANCES
		1.	Cash/ Cheques in Hand		0.69
	0.50	2.	'Balance with Reserve Bank of India		0.07
		3.	Balance with other Banks
			i. In India
0.62			Current Account	11.17
429.62			Term Deposit	1770.33
	430.24				1781.50
	586.44		ii. Outside India		545.46
	1017.18		@ Amount less than Rupees 0.50 lac		2327.72

National Housing Bank                                                                            General Fund

	Previous Year Rs. Crores				Current Year Rs. Crores
		SCHEDULE - IX
			INVESTMENTS
	24.05	1.	Securities of Central and State Governments – at cost or market value, whichever is less		145.71
	15.13	2.	Stocks, shares, bonds, debentures and Securities of Housing Finance Institutions		11.94
	139.58	3.	Stocks, shares, bonds, debentures and Securities of other Institutions		229.37
	178.76				387.02
		SCHEDULE -X
			LOANS AND ADVANCES
		1.	Housing Finance Institutions
	3750.29		i. Housing Finance Companies		4628.61
	448.51		ii. Co-operative Housing Finance Societies		522.03
		2.	Scheduled Banks
	156.57		i. Commercial Banks		856.32
	0.44		ii. Regional Rural Banks		2.25
	54.35		iii. Urban Co-operative Banks		79.61
		3.	State Cooperative Agricultural Rural
	535.36		Development Banks/Land Development Banks		522.10
	259.42	4.	Others		272.47
	5204.94				6883.39
		SCHEDULE - XI
			FIXED ASSETS (At Cost less depreciation)
	9.73	1.	Land		9.60
	16.22	2.	Premises		20.11
	1.31	3.	Others		2.12
	27.26				31.83
		SCHEDULE - XII
			OTHER ASSETS
	202.35	1.	Interest/Discount Receivable/Accrued		237.07
	292.17	2.	Prepaid Expenses, Advances, Receivables etc.		250.60
	494.52				487.67

                                                           General Fund as at 30th June, 2003

Previous Year Rupees		Assets	Schedules	Current Year Rupees
1017,17,98,868	1.	Cash and Bank Balances	VIII	23277171030
178,76,09,391	2.	Investments	IX	3870215376
52049394818	3.	Loans and Advances	X	68833914777
27,26,17,950	4.	Fixed Assets	XI	318252365
494,51,92,601	5.	Other Assets	XII	4876736512
....	6.	Deferred Tax Assets		3862939
159,87,85,325	7.	HLA deposits with banks/HFCs - As per contra '(out of this, Rs.138,228,743 used as automatic refinance)		1716503840
7082,53,98,953		'Notes forming part of Accounts	XIII	10289,66,56839

As per our attached Report of even date

For Arun K. Agarwal & Associates
Chartered Accountants


(V. K. Jain)
Partner

      National Housing Bank                                                              Profit & Loss Account

Previous Year Rupees	&nbsp	Expenditure	Current Year Rupees
5935286198	1.	Interest	5389667532
29007336	2.	Staff Salaries, Allowances etc. and Terminal benefits	103617541
538716.01	3.	Directors' and Committee Members	580421
178500	4.	Audit Fees	129600
12203538	5.	Rent, Taxes, Electricity and Insurance	32959169
2942092	6.	Postage, Telegrams, Telex and Telephones	2778355
13972221	7.	Law Charges	1159525
6504750	8.	Stationery, Printing, Advertisement etc.	10782133
12626439	9.	Depreciation	18810891
105670971	10.	Underwriting Commission, Brokerage and Guarantee Fee	98319574
5285028	11.	Travelling Expenses	7383051
27222472	12.	Other Expenditure	34231643
...	13.	Loss in Securities Transactions of 1991-92	1504532696
...	14.	Wealth Tax	1975618
	15.	Deferred Tax	563347
1783537974	16.	Balance of Profit carried down	1274989845
7934976236			8482480941
69,66,00,000	17.	Provision for Income Tax	67600000
	18.	Transferred to Investment Fluctuation Reserve	162013749
	19.	Transferred to Special Reserve in terms of Sec. 36(1)(viii) of Income Tax Act, 1961	355000000
	20.	Balance Carried to Balance Sheet	691041096
191,13,77,430			127,56,54,845
P.K. Agrawal	P.S. Juneja		P.K. Chattopadhyay
Asst. Gen. Manager	Dy. General Manager		General Manager
A.K.Sohani	R.V.Verma		V. Sridar
Executive Director	Executive Director		Chairman & Managing Director

Directors
S.B.Mathur	Ashok Kumar	L. M. Mehta	Vepa Kamesam
K.Madhava Rao	Shekhar Agarwal	Wilfred Lakra	A. Bhattacharya
A.K. Samantaray
'New Delhi, 25th August, 2003

for the year ended 30th June, 2003

Previous Year Rupees		Income (Less provision made during the year for bad and doubtful debts 'and other necessary and expedient provisions)	Current Year Rupees
7460628994	1.	Interest & Discount	6766515164
189200647	2.	Income from Investments	382490833
285146595	3.	Other Income	546690499
...	4.	Provisons no longer required, now written back	624770696
...	5.	Provisons & Contingencies (Excess Provision on Investments reversed)	162013749
7934976236			8482480941
1783537934	6.	Balance of Profit brought down	1274989845
	7.	Trfd. from Investment Fluctuation Reserve	665000
1911377430			1275654845

As per our attached Report of even date

For Arun K. Agarwal & Associates
Chartered Accountants

( V. K. Jain)
Partner

Schedules to the Balance Sheet as on 30th June, 2003
	Previous Year Rupees				Current Year Rupees
		SCHEDULE - I
			CAPITAL
	350,00,00,000	1.	Authorised		450,00,00,000
	350,00,00,000	2.	Issued and Paid-up (wholly subscribed by the Reserve Bank of India)		450,00,00,000
	350,00,00,000				450,00,00,000
		SCHEDULE - II
			RESERVES
	714,00,00,000	1.	Reserve Fund		759,00,00,000
		2.	Special Fund
70,00,00,000			i. Rural Housing Fund Less: Amount borrowed from RBI out of National	…
50,00,00,000			Housing Credit (LTO) Fund
(200,000,000)	…		Less : Transferred to General Reserve
			ii. Slum Improvement & Low Cost
	195,51,13,012		Housing Fund		212,48,07,252
		3.	Other Reserves
5,00,00,000			i. Research & Development Fund	…
15,00,00,000			ii. Equity Participation Fund	…
5,00,00,000			iii. Savings Incentive for EWS Fund
(250,000,000)	…		Less : Transferred to General Reserve	…	…
	53,39,00,000	4.	Special Reserve in terms of Section 36(1)(viii) of Income Tax Act, 1961		88,89,00,000
	3,81,29,266	5.	Investment Fluctuation Reserve		19,94,78,015
	…	6.	Taxation Reserve		738,62,939
	…	7.	Staff Benevolent Fund		25,00,000
	966,71,42,278				1087,95,48,206
		SCHEDULE - III
			PROFIT & LOSS ACCOUNT
72,76,781		1.	Opening Balance	73,61,878
68,08			Balance as per annexed accounts	69,10,41,096
…		2.	Add: Transfer from Taxation Reserve	5,63,347	69,89,66,321
12,07,92,333			Less : Profit of Slum Improvement & Low Cost Housing Fund Transferred	16,96,94,240
			Less: Appropriations
56,00,00,000			i. Reserve Fund	45,00,00,000
			ii. Taxation Reserve	7,00,00,000
			iii. Staff Benevolent Fund	25,00,000	69,21,94,240
	73,61,878	3.	Balance of Net Profit		67,72,081

		SCHEDULE - IV
			BONDS AND DEBENTURES
	475,50,00,000	1.	Government Guaranteed Bonds		475,50,00,000
		2.	Priority Sector Bonds
725,00,00,000			i. Tax-free Bonds	1100,00,00,000
1287,40,00,000			ii. Taxable Bonds	1935,30,00,000
564,00,00,000			iii. Special Series Bonds	551,80,00,000
	2576,40,00,000		(secured by Deposits held outside India)		3587,10,00,000
	1,94,000	3.	Capital Gain Bonds		1947,92,14,000
	3051,91,94,000				6010,52,14,000
General Fund
		SCHEDULE - V
			BORROWINGS
		1.	From Reserve Bank of India
			i. Out of National Housing Credit
	175,00,00,000		(Long Term Operations) Fund		175,00,00,000
	75,00,00,000		ii. Others (Line of Credit)		90,00,00,000
		2.	From Other Sources
	855,33,33,336		i. In India		630,00,00,000
	672,75,37,578		ii. Outside India		626,53,38,769
	1778,08,70,914				1521,53,38,769
		SCHEDULE - VI
			CURRENT LIABILITIES AND PROVISIONS
	212,33,97,448	1.	Interest Payable		189,48,62,580
	78,04,07,381	2.	Interest & Instalments received in advance etc.		51,52,95,626
	4,67,02,243	3.	Expenses Payable		8,30,86,181
	131,18,66,609	4.	Provisions for NPA's / Std. Assets/ Contingencies etc.		152,42,34,150
	426,23,73,681				401,74,78,537
		SCHEDULE - VII
			OTHER LIABILITIES
	27,48,85,437	1.	Unsettled transactions of 1991-92		8,58,491
	321,47,85,440	2.	Sundry Deposits etc.		245,49,42,915
	348,96,70,877				245,58,01,406
		SCHEDULE - VIII
			CASH & BANK BALANCES
	2275	1.	Cash/ Cheques in Hand		68,92,432
	50,05,779	2.	'Balance with Reserve Bank of India		7,36,665
		3.	Balance with other Banks
			i. In India
61,90,761			Current Account	11,16,58,692
429,62,00,053	430,23,90,814		Term Deposit	1770,32,99,699	1781,49,58,391
	586,44,00,000		ii. Outside India		545,45,83,542
	1017,17,98,868		@ Amount less than Rupees 0.50 lac		2327,71,71,030

		SCHEDULE - IX
			INVESTMENTS
	24,05,32,300	1.	Securities of Central and State Governments – at cost or market value, whichever is less		145,71,14,173
	15,12,97,472	2.	Stocks, shares, bonds, debentures and Securities of Housing Finance Institutions		11,93,52,472
	139,57,79,619	3.	Stocks, shares, bonds, debentures and Securities of other Institutions		229,37,48,731
	178,76,09,391				387,02,15,376
		SCHEDULE -X
			LOANS AND ADVANCES
		1.	Housing Finance Institutions
	3750,28,65,649		i. Housing Finance Companies		4628,60,62,543
	448,50,83,533		ii. Co-operative Housing Finance Societies		522,03,38,593
		2.	Scheduled Banks
	156,56,63,067		i. Commercial Banks		856,32,18,389
	43,80,000		ii. Regional Rural Banks		2,25,29,000
	54,36,55,000		iii. Urban Co-operative Banks		79,61,21,000
		3.	State Cooperative Agricultural Rural
	535,35,65,500		Development Banks/Land Development Banks		522,09,83,500
	259,41,82,069	4.	Others		272,46,61,752
	5204,93,94,818				6883,39,14,777
		SCHEDULE - XI
			FIXED ASSETS (At Cost less depreciation)
	9,72,70,944	1.	Land		9.60
	16,21,89,289	2.	Premises		20,10,76,326
	1,31,57,717	3.	Others		2,11,36,372
	27,26,17,950				31,82,52,365
		SCHEDULE - XII
			OTHER ASSETS
	202,34,92,804	1.	Interest/Discount Receivable/Accrued		237,07,14,528
	292,16,99,797	2.	Prepaid Expenses, Advances, Receivables etc.		250,60,21,984
	494,51,92,601				487,67,36,512

National Housing Bank
(Slum Improvement and Balance Sheet)

Previous Year                                                      Current Year          Rs. Crores                                                                         Rs. Crores
		Liabilities
	61.82	Special Fund ( Slum Improvement and Low Cost Housing Fund) Account Reserves		61.82
	2.08	Special Reserve in terms of Section 36(1)(viii) of Income Tax Act, 1961		9.58
	2.97	Investment Fluctuation Reserve		2.99
		Profit & Loss Account
121.61		–Balance from last balance sheet	133.69
12.08		–Profit transferred from the account annexed	29.49
	133.69			163.18
	8.45	Other Current Liabilties & Provisions		9.94
	209.01			240.01
			Profit & Loss Account
		Expenditure
	@	Other Expenditure		@
	20.14	Balance of Profit carried down		29.50
	20.14			29.50
	6.00	Provision for tax		0.00
	12.08	Profit After Tax Carried to Balance Sheet		29.50
	20.14			29.50
		'@ Amount less than Rupees 0.50 lakh
P.S.Juneja		P.K Chattopadhyay	R.V.Verma
Dy. General Manager		General Manager	Executive Director
		Shekhar Agarwal
		Chairman and Managing Director
Directors
A.K.Samantary		Pankaj Jain	S. B. Mathur
Vepa Kamesam		K.Madhava Rao	Wilfred Lakra
A. Bhattacharya		Ashok Kumar
New Delhi, 22nd October, 2002
Special Fund
(Slum Improvement and Low Cost Housing Fund)			as at 30th June, 2002
Previous Year                                                      Current Year          Rs. Crores                                                                         Rs. Crores
		Assets
		Cash and Bank Balances
	47.61	–Balance with other banks on deposit account		25.78
	...	Money at call & at short notice		...
		Investments
		– Securities of Central and
	24.05	State Governments		24.05
		- Certificate of Deposits
	2.87	- Units of Mutual Funds		62.31
	39.953564	- PSU /FI Bonds		10.25
	78.04	Loans & Advances		86.30
	16.49	Other Assets (Interest Receivable, Advance Tax, etc.)
	209.02			224.63
for the year ended 30th June, 2002
		Income (Less provision made during the year for bad and doubtful debts and other necessary and expedient provisions)
	10.63	Interest & Discount		11.48
	6.45	Income from Investments		6.03
	3.06	Other Income		12.00
	20.14			29.50
	20.14	Balance of Profit brought down		29.50
		Transferred from Investment Fluctuation Reserve		0.02
	20.14			29.52