ICICI Bank 2003 Annual Report Download - page 113

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F49
13. Profit on sale of shares
Profit on sale of shares in ICICI Bank Limited is in respect of the shares held by erstwhile ICICI Limited and transferred
to a Board of Trustees as per the Scheme of Amalgamation.
14. Additional disclosures
Additional statutory information disclosed in separate financial statements of the Parent and the Subsidiaries having
no bearing on the true and fair view of the Consolidated Financial Statements and also the information pertaining to
the items which are not material have not been disclosed in the Consolidated Financial Statement in view of the
general clarification issued by ICAI.
15. Comparative figures
Consequent to the merger of ICICI, I PFS and I CAPS with the Bank effective March 30, 2002, the previous year figures
include the results of those entities for only two days. Hence, current year figures are not comparable with those of
the previous year.
Consequent to AS 27 becoming mandatory with effect from April 1, 2002, the accounting treatment for consolidation
during the current year in case of following entities is different from the previous year :
Sr. Name of the Company Relation during Relation during
No. current year previous year
1. ICICI Prudential Life Insurance Company Limited Joint Venture Subsidiary
2. ICICI Lombard General Insurance Company Limited Joint Venture Subsidiary
3. Prudential ICICI Asset Management Company Limited Joint Venture Associate
4. Prudential ICICI Trust Limited Joint Venture Associate
Figures of the previous year have been regrouped to conform to the current year’s presentation.
Signatures to Schedules 1 to 19 For and on behalf of the Board of Directors
N. VAGHUL K. V. KAMATH
Chairman Managing Director & CEO
LALITA D. GUPTE KALPANA MORPARIA
Joint Managing Director Executive Director
NACHIKET MOR CHANDA D. KOCHHAR
Executive Director Executive Director
S. MUKHERJI BALAJI SWAMINATHAN
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
schedules
forming part of the Consolidated Accounts Continued