Housing Development Finance Corp Ltd (HDFC IN) - Standardized

In Millions of INR except Per Share FY 2009 FY 2010 FY 2011 FY 2012

12 Months Ending 03/31/2009 03/31/2010 03/31/2011 03/31/2012
Total Assets
+ Cash & Cash Equivalents 32,288.3 62,764.9 68,184.6 64,813.6
+ ST And LT Investments 210,030.4 327,430.6 415,969.8 486,388.5
+ Real Estate Investments 2,588.1 2,295.4 2,548.0 1,855.5
+ Other Investments 207,442.3 325,135.2 413,421.8 484,533.0
+ Net Receivables 5,892.5 6,644.4 3,973.7 6,326.3
+ Total Commercial Loans 291,393.7 359,687.2 314,809.2 408,429.8
+ Other Commercial Loans 291,393.7 359,687.2 314,809.2 408,429.8
+ Total Consumer Loans 569,049.0 636,862.0 719,298.0 878,008.6
+ Other Consumer Loans 569,049.0 636,862.0 719,298.0 878,008.6
+ Other Loans 18,921.4 15,437.5 207,750.9 247,399.1
+ Total Loans 879,364.1 1,011,986.7 1,241,858.1 1,533,837.5
- Reserve for Loan Losses 6,438.4 7,134.8 3,257.4 4,600.7
+ Net Loans 872,925.7 1,004,851.9 1,238,600.7 1,529,236.8
+ Net Fixed Assets 3,906.7 3,660.4 5,707.0 6,182.4
+ Property, Plant & Equip 3,906.7 3,660.4 5,707.0 6,182.4
+ Total Intangible Assets 2,865.6 2,465.0 2,400.0 2,302.0
+ Goodwill 2,748.4 2,150.4 2,074.2 1,925.0
+ Other Intangible Assets 117.2 314.6 325.8 377.0
+ Total Deferred Tax Assets 2,250.6 3,144.9 4,724.8 6,543.5
+ Customer Acceptances & Liab 0.0 0.0 0.0 0.0
+ Other Assets 41,746.6 28,295.8 14,686.9 22,167.1
Total Assets 1,171,906.4 1,439,257.9 1,754,247.5 2,123,960.2

Liabilities & Shareholders' Equity

+ Other Deposits 195,766.3 233,026.0 148,380.5 217,253.2
+ Total Deposits 195,766.3 233,026.0 148,380.5 217,253.2
+ ST Borrowings & Repos 20,926.6 16,838.2 508,254.3 632,320.2
+ ST Capital Leases — — — —
+ Current Portion of LT Debt — — 331,687.1 438,988.6
+ ST Borrowings 20,926.6 16,838.2 176,567.2 193,331.6
+ LT Debt 642,713.5 734,769.1 523,928.0 575,218.6
+ LT Capital Leases — — — 1.6
+ LT Borrowings 642,713.5 734,769.1 523,928.0 575,217.0
+ Pension Liabilities — — — —
+ Total Deferred Tax Liabilities — — — —
+ Other Liabilities 158,408.3 267,571.5 355,278.6 448,812.6
Total Liabilities 1,017,814.7 1,252,204.8 1,535,841.4 1,873,604.6
+ Preferred Equity and Hybrid Capital 0.0 0.0 0.0 0.0
+ Share Capital & APIC 59,390.7 60,711.5 65,375.5 63,620.5
 + Common Stock 2,844.5 2,871.1 2,933.7 2,953.9
+ Additional Paid in Capital 56,546.2 57,840.4 62,441.8 60,666.6
- Treasury Stock 0.0 0.0 0.0 0.0
+ Retained Earnings 9,430.9 12,821.9 22,095.2 30,977.6
+ Other Equity 80,719.4 108,288.9 124,430.5 147,562.2
Equity before Minority Interest 149,541.0 181,822.3 211,901.2 242,160.3
+ Minority/Non Controlling Interest 4,550.7 5,230.8 6,504.9 8,195.3
Total Equity 154,091.7 187,053.1 218,406.1 250,355.6
Total Liabilities & Equity 1,171,906.4 1,439,257.9 1,754,247.5 2,123,960.2

Reference Items
Accounting Standard IN GAAP IN GAAP IN GAAP IN GAAP
Shares Outstanding 1,422.3 1,435.6 1,466.9 1,477.0
Number of Treasury Shares 0.0 0.0 0.0 0.0
Pension Obligations 0.0 0.0 0.0 0.0
Future Minimum Operating Lease Obligatio 5,278.4 4,531.6 1,999.6 1,299.3
Total Capital Leases — — — —
Percent Of Foreign Ownership 60.92 73.27 22.37 71.47
Number Of Shareholders 123,193.00 119,620.00 203,966.00 209,666.00
Options Granted During Period — — — 0.0
Options Outstanding at Period End — — 8.4 6.4
Book Value per Share 105.14 126.66 144.46 163.96
Assets Under Management — — — —
Non-Performing Assets — — 1,972.2 3,332.2
Earning Assets — — 1,657,827.9 2,020,226.0
Return on Assets 2.16 2.48 2.84 2.82
Net Deferred Tax Liabilities - Long Term -2,250.6 -3,144.9 -4,724.8 -6,543.5
Interest Bearing Liabilities 859,406.4 984,633.3 1,180,562.8 1,424,792.0
Net Debt 631,351.8 688,842.4 963,997.7 1,142,725.2
Return on Common Equity 16.65 19.56 23.00 24.06
Tangible Common Equity Ratio 12.55 12.48 11.96 11.31
Tangible Common Equity to Risk-Weighted — — — —
Tier 1 Capital Ratio — — — —
Total Risk-Based Capital Ratio — — — —
Number of Employees 1,490.00 1,505.00 1,607.00 1,719.00
Source: Bloomberg
Standardized
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
03/31/2013 03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018

70,716.7 85,881.1 42,619.2 63,970.3 74,967.8 30,123.9

594,924.2 729,142.1 937,824.2 1,047,207.4 1,328,552.8 1,632,284.7
1,829.2 1,028.8 2,709.3 3,774.2 3,573.0 4,156.3
593,095.0 728,113.3 935,114.9 1,043,433.2 1,324,979.8 1,628,128.4
2,160.2 3,767.9 4,577.9 4,668.0 14,824.3 14,880.5
460,847.4 487,867.6 526,533.9 609,300.9 872,255.1 1,022,553.5
460,847.4 487,867.6 526,533.9 609,300.9 872,255.1 1,022,553.5
1,104,491.4 1,333,743.1 1,564,628.0 1,815,487.9 2,204,118.4 2,706,279.6
1,104,491.4 1,333,743.1 1,564,628.0 1,815,487.9 2,204,118.4 2,706,279.6
252,437.1 294,853.6 364,094.3 369,185.3 177,230.0 151,192.9
1,817,775.9 2,116,464.3 2,455,256.2 2,793,974.1 3,253,603.5 3,880,026.0
4,819.8 5,537.7 4,894.5 5,753.1 — —
1,812,956.1 2,110,926.6 2,450,361.7 2,788,221.0 3,253,603.5 3,880,026.0
6,435.6 7,671.7 12,087.7 13,191.4 12,465.1 12,490.2
6,435.6 7,671.7 12,087.7 13,191.4 12,465.1 12,490.2
2,395.0 2,561.1 2,704.4 2,678.2 7,159.0 3,269.5
1,851.3 1,856.4 1,955.6 1,878.1 6,200.4 2,218.5
543.7 704.7 748.8 800.1 958.6 1,051.0
6,595.8 6,633.4 185.5 181.8 156.7 184.0
0.0 0.0 0.0 0.0 0.0 0.0
21,600.8 22,462.6 44,891.2 57,924.8 49,644.2 53,753.8
2,517,784.4 2,969,046.5 3,495,251.8 3,978,042.9 4,741,373.4 5,627,012.6

298,635.9 262,890.3 317,267.0 379,737.7 445,325.9 508,825.7

298,635.9 262,890.3 317,267.0 379,737.7 445,325.9 508,825.7
643,913.5 930,862.9 1,099,576.1 1,267,178.8 1,291,479.8 1,686,374.9
— — — 0.0 0.0 0.0
511,149.0 728,316.8 783,909.5 885,786.3 893,946.7 1,053,015.6
132,764.5 202,546.1 315,666.6 381,392.5 397,533.1 633,359.3
694,077.5 712,266.5 756,724.1 847,260.0 1,201,140.5 1,171,103.1
0.7 0.1 0.0 0.0 0.0 0.0
694,076.8 712,266.4 756,724.1 847,260.0 1,201,140.5 1,171,103.1
— — — 0.0 0.0 —
0.0 158.2 2,313.2 9,704.1 25,142.2 24,935.9
551,537.2 672,883.6 850,454.3 941,895.8 1,142,966.2 1,323,382.5
2,188,164.1 2,579,061.5 3,026,334.7 3,445,776.4 4,106,054.6 4,714,622.1
0.0 0.0 0.0 0.0 0.0 0.0
100,832.9 103,594.4 106,303.8 104,976.3 106,760.5 246,784.8
 3,092.7 3,121.0 3,149.4 3,159.7 3,177.3 3,351.8
97,740.2 100,473.4 103,154.4 101,816.6 103,583.2 243,433.0
0.0 0.0 0.0 0.0 0.0 0.0
47,290.9 71,124.8 96,869.9 161,576.2 251,441.5 338,151.5
170,781.8 201,027.0 247,542.6 242,454.3 242,391.1 280,477.7
318,905.6 375,746.2 450,716.3 509,006.8 600,593.1 865,414.0
10,714.7 14,238.8 18,200.8 23,259.7 34,725.7 46,976.5
329,620.3 389,985.0 468,917.1 532,266.5 635,318.8 912,390.5
2,517,784.4 2,969,046.5 3,495,251.8 3,978,042.9 4,741,373.4 5,627,012.6

IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP

1,546.3 1,560.5 1,574.7 1,579.8 1,588.7 1,675.9
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
1,689.3 2,009.3 745.3 658.7 472.9 507.6
— — — 0.0 0.0 0.0
74.37 76.10 80.04 77.77 77.59 76.77
189,434.00 182,127.00 191,412.00 219,075.00 214,753.00 241,603.00
6.1 0.0 6.3 0.0 0.0 42.8
3.4 6.6 10.0 8.9 7.1 47.2
206.23 240.78 286.22 322.19 378.05 516.39
— — 1,670,000.0 — — —
3,927.5 14,986.7 17,509.5 — — —
2,412,700.1 2,845,606.4 3,393,080.4 3,841,181.5 4,582,156.3 5,512,310.7
2.86 2.90 2.71 2.73 2.53 3.14
-6,595.8 -6,475.2 2,127.7 9,522.3 24,985.5 24,751.9
1,636,626.9 1,906,019.7 2,173,567.2 2,494,176.5 2,937,946.2 3,366,303.7
1,267,274.3 1,557,248.3 1,813,681.0 2,050,468.5 2,417,652.5 2,827,354.1
23.67 22.88 21.21 21.24 19.92 22.18
12.58 12.58 12.83 12.74 12.54 15.33
— 22.27 23.21 24.25 23.36 28.17
— 15.40 — — 11.80 17.30
— 17.90 — — 14.50 19.20
1,833.00 1,956.00 2,081.00 2,196.00 2,305.00 2,575.00