ICICI Bank 2006 Annual Report Download - page 84

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F25
forming part of the Accounts (Contd.)
schedules
12. Investments
The details of investments and the movement of provisions held towards depreciation of investments of the Bank as on
March 31, 2006 and March 31, 2005 is given below. Rupees in million
Particulars As on As on
March 31, 2006 March 31, 2005
(1) Value of Investments
(i) Gross value of investments
(a) In India ............................................................................... 675,324.8 +496,627.7
(b) Outside India ...................................................................... 45,215.5 +15,124.3
(ii) Provisions for depreciation and fair value provision
(a) In India ............................................................................... 4,960.5 +6,869.5
(b) Outside India ...................................................................... 105.9 +9.0
(iii) Net value of investments
(a) In India ............................................................................... 670,364.3 +489,758.2
(b) Outside India ...................................................................... 45,109.6 +15,115.3
(2) Movement of provisions held towards depreciation on investments
(i) Opening balance 6,079.1 +10,470.8
(ii) Add: Provisions made during the year
(including utilisation of fair value provision) 692.3 +(949.1)
(iii) Less: Write-off/write-back of excess provisions during the year (1,705.0) +(3,442.6)
(iv) Closing balance 5,066.4 +6,079.1
13. Investments in equity shares and equity like instruments
The details of the investments made by the Bank in equity and equity like instruments is given below. Rupees in million
As on As on
March 31, 2006 March 31, 2005
Equity shares1.................................................................................................. 14,453.1 9,231.4
Convertible debentures ................................................................................... 583.8 585.0
Units of equity oriented mutual funds............................................................. 200.6 252.7
Investment in venture capital funds ................................................................ 16,149.9 11,761.6
Others (loans against collateral, advances to brokers) 2 .................................. 12,956.0 6,683.6
Total .................................................................................................................. 44,343.4 28,514.3
1. Includes advance application money pending allotment of Rs. 2,560.6 million (March 31, 2005: Rs. 821.3 million).
2. Includes unutilised limits sanctioned to brokers and individuals against shares amounting to Rs. 3,648.5 million
(March 31, 2005: Rs. 3,495.2 million).
14. Investment in non-SLR securities
i) Issuer composition of non-SLR investments
a) The issuer composition of non-SLR investments of the Bank as on March 31, 2006 is given below.
(Rupees in million)
No. Issuer Amount Extent of Extent of Extent of Extent of
private ‘below ‘unrated’ ‘unlisted’
placement investment securities2securities2
grade’
securities
(a) (b) (c) (d)
1. PSUs ................................................... 2,875.6 277.5 32.1 0.5 32.6
2. FIs .................................................... 1,918.2 920.3 — 91.3 91.3
3. Banks .................................................. 22,373.4 7,087.2 — — 50.0
4. Private corporates............................... 43,351.2 17,367.6 — 17,256.5 15,879.3
5. Subsidiaries/ Joint ventures ............... 28,607.0 2,704.8 — 150.0 150.0
6. Others ................................................. 110,647.5 29,891.5 23,422.1 0.3 —
7. Provision held towards depreciation .. (5,043.9) — — — —
Total .................................................... 204,729.0 58,248.9 23,454.2 17,498.6 16,203.2
1. Amounts reported under columns (a), (b), (c), and (d) above are not mutually exclusive.
2. This excludes investments, amounting to Rs. 2,554.8 million, in preference shares of subsidiaries, namely ICICI Bank UK
Limited and ICICI Bank Canada and Rs. 32,644.2 million invested by overseas branches/offshore banking unit.