ICICI Bank 2003 Annual Report Download - page 142

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F78
Continued
notes to the consolidated financial statements
The following table presents the changes in goodwill during the year ended March 31, 2003.
(Rs. in millions)
Balance as of March 31, 2002 2,250
Goodwill relating to acquisitions consummated during the period 1,454
Equity method goodwill reclassified on reverse acquisition of acquiree 1,083
Balance as of March 31, 2003 4,787
No goodwill impairment loss has been recorded during the year ended March 31, 2002 and March 31, 2003.
Goodwill as of March 31, 2003 has been allocated to the following segments:
(Rs. in millions)
Segment
Commercial Banking 2,275
ICICI Infotech 1,895
ICICI OneSource 617
Total 4,787
Amortization of intangible assets
The estimated amortization schedule for intangible assets, on a straight line basis, for the next five years is set out
below:
(Rs. in millions)
Year ended March 31,
2004 630
2005 617
2006 574
2007 562
2008 562
Total 2,945
17. Other assets
Other assets consist of the following:
(Rs. in millions)
As of March 31,
2002 2003
Debtors 1,398 4,748
Staff advances 948 2,273
Advance taxes 16,566 28,273
Security deposits 1,004 2,789
Advance for purchases of securities 3,339 15,415
Prepaid expenses 164 522
Derivatives 896 —
Recoverable from Indian Government(1) 1,111 —
Others(2) 1,935 4,926
Total 27,361 58,946
(1) Recoverable from Indian Government represents foreign exchange fluctuations on specific foreign currency long-term debt, guaranteed by and
recoverable from the Indian Government.
(2) Others include loans held for sale of Rs. 1,387 million (2002: Nil).