ICICI Bank 2006 Annual Report Download - page 122

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F63
5. Assets given under lease
5.1 Assets given under operating lease
The future lease rentals are given in the table below:
Rupees in million
Period March 31, 2006 March 31, 2005
Not later than one year .............................................................................. 128.2 239.2
Later than one year and not later than five years ...................................... 605.9 1,001.8
Later than five years .................................................................................. 2.0 311.2
Total ............................................................................................................ 736.1 1,552.2
5.2 Assets taken under operating lease
The future lease rental commitments are given in the table below:
Rupees in million
Period March 31, 2006 March 31, 2005
Not later than one year .............................................................................. 614.7 369.5
Later than one year and not later than five years ...................................... 1,976.1 1,386.4
Later than five years .................................................................................. 806.7 586.4
Total ............................................................................................................ 3,397.5 2,342.3
5.3 Assets given under finance lease
The future lease rentals are given below:
Rupees in million
Period March 31, 2006 March 31, 2005
Total of future minimum lease payments .................................................. 817.1 1,105.5
Present value of lease payments .............................................................. 695.1 913.6
Un-matured finance charges ..................................................................... 122.0 191.9
Maturity profile of total of future minimum lease payments
Not later than one year .............................................................................. 232.4 293.3
Later than one year and not later than five years ...................................... 584.7 804.5
Later than five years .................................................................................. —7.7
Total ............................................................................................................ 817.1 1,105.5
Maturity profile of present value of lease payments
Rupees in million
March 31, 2006 March 31, 2005
Not later than one year .............................................................................. 176.7 222.8
Later than one year and not later than five years ...................................... 518.4 683.3
Later than five years .................................................................................. —7.5
Total ............................................................................................................ 695.1 913.6
6. Early retirement option (”ERO”)
The Bank had implemented an Early Retirement Option scheme 2003 for its employees in July 2003. All employees who
had completed 40 years of age and seven years of service with the Bank (including period of service with entities amalgamated
with the Bank) were eligible for the ERO.
schedules
forming part of the Consolidated Accounts (Contd.)