ICICI Bank 2006 Annual Report Download - page 70

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F11
forming part of the Profit and Loss Account
schedules
Year ended Year ended
31.03.2006 31.03.2005
SCHEDULE 13 – INTEREST EARNED
I. Interest/discount on advances/bills ........................................................... 96,849,551 67,528,301
II. Income on investments ............................................................................. 36,927,577 22,294,366
III. Interest on balances with Reserve Bank of India and other inter-bank funds 3,354,647 2,320,089
IV. Others 1................................................................................................... 713,183 1,956,188
TOTAL INTEREST EARNED .............................................................................. 137,844,958 94,098,944
1. Includes interest on income tax refunds of Rs. 399.8 million (March 31, 2005: Rs. 247.3 million).
SCHEDULE 14 – OTHER INCOME
I. Commission, exchange and brokerage ..................................................... 30,019,493 19,210,001
II. Profit/(loss) on sale of investments (net) ................................................... 7,497,522 5,461,352
III. Profit/(loss) on revaluation of investments (net) ........................................ (534,825) (907)
IV. Profit/(loss) on sale of land, buildings and other assets (net) 1................. 71,222 (20,822)
V. Profit/(loss) on foreign exchange transactions (net).................................. 4,730,846 3,146,394
VI. Income earned by way of dividends, etc. from subsidiary companies
and/or joint ventures abroad/in India ......................................................... 3,386,929 1,880,786
VII. Miscellaneous income (including lease income) ...................................... 4,660,207 4,484,635
TOTAL OTHER INCOME ................................................................................... 49,831,394 34,161,439
1. Includes profit/(loss) on sale of assets given on lease.
SCHEDULE 15 – INTEREST EXPENDED
I. Interest on deposits ................................................................................... 58,366,832 32,520,688
II. Interest on Reserve Bank of India/inter-bank borrowings 1....................... 9,254,169 2,527,689
III. Others (including interest on borrowings of erstwhile ICICI Limited) ....... 28,353,482 30,660,499
TOTAL INTEREST EXPENDED ......................................................................... 95,974,483 65,708,876
1. Includes interest paid on inter-bank deposits.
SCHEDULE 16 – OPERATING EXPENSES
I. Payments to and provisions for employees .............................................. 10,822,935 7,374,121
II. Rent, taxes and lighting ............................................................................. 2,348,028 1,853,347
III. Printing and stationery ............................................................................... 1,110,432 876,632
IV. Advertisement and publicity ...................................................................... 1,855,514 1,162,555
V. Depreciation on Bank’s property (including non-banking assets) ............. 3,471,658 2,933,725
VI. Depreciation (including lease equalisation) on leased assets .................. 2,766,260 2,969,907
VII. Directors’ fees, allowances and expenses ................................................ 3,237 3,872
VIII. Auditors’ fees and expenses ..................................................................... 18,456 17,632
IX. Law charges............................................................................................... 112,356 97,141
X. Postages, telegrams, telephones, etc. ...................................................... 2,157,585 1,736,270
XI. Repairs and maintenance .......................................................................... 2,580,722 2,159,454
XII. Insurance ................................................................................................... 1,080,254 597,230
XIII. Direct marketing agency expenses ........................................................... 6,554,240 4,854,521
XIV. Other expenditure ...................................................................................... 9,913,493 6,355,068
TOTAL OPERATING EXPENSES ...................................................................... 44,795,170 32,991,475
SCHEDULE 17 – PROVISIONS AND CONTINGENCIES
I. Income Tax
– Current period tax .............................................................................. 6,618,650 1,764,935
– Deferred tax adjustment .................................................................... (1,346,853) 3,425,081
– Fringe benefit tax ............................................................................... 263,532 —
II. Wealth tax .................................................................................................. 30,000 30,000
III. Provision for investments (including credit substitutes) (net) ................... 7,766,578 5,415,587
IV. Provision for advances (net) 1....................................................................................................................... 7,947,244 (1,213,571)
V. Others ........................................................................................................ 226,801 85,984
TOTAL PROVISIONS AND CONTINGENCIES ................................................ 21,505,952 9,508,016
1. Includes provision on standard assets, non-performing advances, non-performing leased assets and other receivables.
(Rs. in ‘000s)