ICICI Bank 2006 Annual Report Download - page 119

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F60
The computation of earnings per share is given below:
Rupees in million except per share data
Year ended Year ended
March 31, 2006 March 31, 2005
Basic
Weighted average no. of equity shares outstanding ..................... 781,693,773 727,728,042
Net profit ......................................................................................... 24,200.9 18,523.3
Basic earnings per share (Rs.) ........................................................ 30.96 25.45
Diluted
Weighted average no. of equity shares outstanding ..................... 789,963,635 733,720,485
Net profit ......................................................................................... 24,200.9 18,523.3
Diluted earnings per share (Rs.) ..................................................... 30.64 25.25
Nominal value per share (Rs.) ......................................................... 10.0 10.0
The dilutive impact is mainly due to options granted to employees by the Bank.
2. Related party transactions
The Company has transactions with its related parties comprising joint ventures, associates and key management personnel.
The following represent the significant transactions between the Company and such related parties:
Lease of premises and facilities
During the year ended March 31, 2006, the Company charged for lease of premises, facilities and other administrative costs
to joint ventures amounting to Rs. Nil (March 31, 2005: Rs. 3.4 million).
Interest received
During the year ended March 31, 2006 the Company received interest from its Key management personnel1 amounting to
Rs. 0.5 million (March 31, 2005: Rs. 0.3 million).
Interest paid
During the year ended March 31, 2006, the Company paid interest to joint ventures amounting to Rs. Nil
(March 31, 2005: Rs. 18.9 million).
Remuneration to whole-time directors
Remuneration paid to the whole-time directors of the Bank during the year ended March 31, 2006 was Rs. 75.9 million
(March 31, 2005: Rs. 60.5million).
Sale of investments
During the year ended March 31, 2006, the Company sold certain investments to joint ventures amounting to Rs. Nil
(March 31, 2005: Rs. 3,637.3 million). On the sales made to joint ventures the Bank accounted for a loss of Rs. Nil
(March 31, 2005: Rs. 14.6 million).
Purchase of investments
During the year ended March 31, 2006, the Company purchased certain investments from its joint ventures amounting to
Rs. 20.2 million (March 31, 2005: Rs. 5,001.2 million).
Custodial charges received
During the year ended March 31, 2006, the Company received custodial charges from its joint ventures amounting to Rs. Nil
(March 31, 2005: Rs. 1.7 million).
Fees
During the year ended March 31, 2006, the Company received cash management services fees from its joint ventures
amounting to Rs. Nil (March 31, 2005: Rs. 14.5 million).
schedules
forming part of the Consolidated Accounts (Contd.)