ICICI Bank 2003 Annual Report Download - page 138

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F74
Continued
notes to the consolidated financial statements
Project and corporate finance loans are generally secured by property, plant and equipment and other tangible
assets. Generally, the working capital loans are secured by a first lien on current assets, principally comprising
inventory and receivables. Additionally, in certain cases the Company may obtain additional security for working
capital loans through a first or second lien on property and equipment, pledge of financial assets like marketable
securities and corporate/personal guarantees.
Lease financing
Contractual maturities of the Company’s investment in lease financing and its components, which are included in
loans are set out below:
(Rs. in millions)
As of March 31, 2003
Gross finance receivables for the year ending March31,
2004 5,900
2005 4,159
2006 3,531
2007 2,925
2008 2,793
Thereafter 7,619
26,927
Unearned income (6,213)
Security deposits (2,852)
Investment in lease financing 17,862
Maturity profile of loans
A maturity profile of gross loans, other than investment in lease financing is set out below:
(Rs. in millions)
As of March 31,
2002 2003
Less than one year 143,309 147,707
One to five years 237,025 328,692
Greater than five years 161,636 193,138
Total 541,970 669,537
Interest and fees on loans
A listing of interest and fees on loans (net of unearned income) is set out below:
(Rs. in millions)
As of March 31,
2001 2002 2003
Project and corporate finance 60,900 56,032 45,307
Working capital finance (including working capital term loans) 5,892 6,418 8,241
Lease financing 4,948 4,977 2,484
Consumer loans and credit card receivables 2,088 6,593 15,372
Other 1,444 1,217 3,676
Total 75,272 75,237 75,080