ICICI Bank 2003 Annual Report Download - page 95

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F31
consolidated profit and loss account
The Schedules referred to above form an integral part of the Profit and Loss Account.
As per our Report of even date For and on behalf of the Board of Directors
For N.M. RAIJI & CO. N. VAGHUL K. V. KAMATH
Chartered Accountants Chairman Managing Director & CEO
JAYESH M. GANDHI LALITA D. GUPTE KALPANA MORPARIA
Partner Joint Managing Director Executive Director
For S.R. BATLIBOI & CO. NACHIKET MOR CHANDA D. KOCHHAR
Chartered Accountants Executive Director Executive Director
per VIREN H. MEHTA S. MUKHERJI BALAJI SWAMINATHAN
a Partner Executive Director Senior General Manager
JYOTIN MEHTA N.S. KANNAN G. VENKATAKRISHNAN
Place : Mumbai General Manager & Chief Financial Officer & General Manager -
Date : April 25, 2003 Company Secretary Treasurer Accounting & Taxation Group
for the year ended March 31, 2003
Schedule (Rs. in ‘000s) Year ended
31.03.2001
I. INCOME
Interest earned .................................................................. 13 96,908,195 21,539,054
Other income .................................................................... 14 25,239,011 5,791,261
Profit on sale of shares of ICICI Bank Limited held by
erstwhile ICICI Limited ..................................................... 11,910,517 —
TOTAL ...................................................................... 134,057,723 27,330,315
II. EXPENDITURE
Interest expended ............................................................. 15 81,267,904 15,603,176
Operating expenses .......................................................... 16 27,482,541 6,254,801
Provisions and contingencies ........................................... 17 13,791,720 2,887,464
TOTAL ...................................................................... 122,542,165 24,745,441
III. PROFIT/LOSS
Net profit for the year ...................................................... 11,515,558 2,584,874
Minority Int. P/L Credit/(Debit) ......................................... (4,400) (391)
Net profit after Minority Interest ..................................... 11,519,958 2,585,265
Profit brought forward ...................................................... 197,889 8,294
TOTAL ...................................................................... 11,717,847 2,593,559
IV. APPROPRIATIONS/TRANSFERS
Statutory Reserve .............................................................. 3,020,000 650,000
Transfer from Debenture Redemption Reserve .............. (100,000) —
Capital Reserve ................................................................. 2,000,000 —
Investment Fluctuation Reserve ....................................... 1,000,000 160,000
Special Reserve ................................................................. 500,000 140,000
Revenue and other Reserves ........................................... 100,000 960,000
Proposed equity share Dividend ...................................... 4,597,758 —
Proposed preference share Dividend .............................. 35 —
Interim dividend paid ........................................................ —440,717
Corporate dividend tax ..................................................... 589,092 44,953
Balance carried over to Balance Sheet ........................... 10,962 197,889
TOTAL ...................................................................... 11,717,847 2,593,559
Significant Accounting Policies and Notes to Accounts ......... 18
Cash Flow Statement ................................................................ 19
Earning per Share (Refer note B. 9)
Basic (Rs.) ......................................................................... 18.79 11.61
Diluted (Rs.) ....................................................................... 18.77 11.61