ICICI Bank 2003 Annual Report Download - page 69

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F5
for the year ended March 31, 2003
profit and loss account
Schedule (Rs. in ‘000s) Year ended
31.03.2002
I. INCOME
Interest earned .................................................................. 13 93,680,561 21,519,297
Other income ..................................................................... 14 19,677,741 5,746,598
Profit on sale of shares of ICICI Bank Limited
held by erstwhile ICICI Limited ......................................... 11,910,517 —
TOTAL ................................................................................ 125,268,819 27,265,895
II. EXPENDITURE
Interest expended.............................................................. 15 79,439,989 15,589,235
Operating expenses .......................................................... 16 20,116,900 6,225,770
Provisions and contingencies ............................................ 17 13,650,139 2,867,900
TOTAL ................................................................................ 113,207,028 24,682,905
III. PROFIT/LOSS
Net profit for the year ........................................................ 12,061,791 2,582,990
Profit brought forward ....................................................... 195,614 8,294
TOTAL ....................................................................... 12,257,405 2,591,284
IV. APPROPRIATIONS/TRANSFERS
Statutory Reserve .............................................................. 3,020,000 650,000
Transfer from Debenture Redemption Reserve ................ (100,000) —
Capital Reserves ................................................................ 2,000,000 —
Investment Fluctuation Reserve ........................................ 1,000,000 160,000
Special Reserve ................................................................. 500,000 140,000
Revenue and other Reserves ............................................ 600,000 960,000
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 ............................. 50,520 195,614
TOTAL ....................................................................... 12,257,405 2,591,284
Significant Accounting Policies and Notes to Accounts ............ 18
Cash Flow Statement ................................................................. 19
Earning per Share (Refer Note B. 9 )
Basic (Rs.) .......................................................................... 19.68 11.61
Diluted (Rs.) ....................................................................... 19.65 11.61
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