ICICI Bank 2007 Annual Report Download - page 76

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F6
SCHEDULE 2 – RESERVES AND SURPLUS
I. Statutory reserve
Opening balance ......................................................................................... 20,987,307 14,627,307
Additions during the year ........................................................................... 7,800,000 6,360,000
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 28,787,307 20,987,307
II. Special reserve
Opening balance ......................................................................................... 14,690,000 11,940,000
Additions during the year ........................................................................... 4,500,000 2,750,000
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 19,190,000 14,690,000
III. Share premium
Opening balance ........................................................................................ 118,175,597 39,892,352
Additions during the year 1 .......................................................................... 1,979,322 79,157,323
Deductions during the year ....................................................................... — 874,078
Closing balance ........................................................................................... 120,154,919 118,175,597
IV. Investment fluctuation reserve
Opening balance ......................................................................................... — 5,160,000
Additions during the year ........................................................................... — 8,043,350
Deductions during the year ......................................................................... — 13,203,350
Closing balance ........................................................................................... — —
V. Capital reserve
Opening balance ......................................................................................... 5,530,000 4,850,000
Additions during the year ........................................................................... 1,210,000 680,000
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 6,740,000 5,530,000
VI. Foreign currency translation reserve .......................................................... (501,197) 3,955
VII. Reserve fund
Opening balance ........................................................................................ 222 —
Additions during the year 2 .......................................................................... 1,168 222
Deductions during the year ........................................................................ — —
Closing balance ........................................................................................... 1,390 222
VIII. Revenue and other reserves
Opening balance ........................................................................................ 50,840,074 39,780,074
Additions during the year ........................................................................... — 13,203,350
Deductions during the year 3 ...................................................................... 1,056,027 2,143,350
Closing balance ........................................................................................... 49,784,047 50,840,074
IX. Balance in profit and loss account .............................................................. 9,982,741 2,934,416
TOTAL RESERVES AND SURPLUS 234,139,207 213,161,571
1. Includes Rs. 1,901.9 million (March 31, 2006: Rs. 725.6 million) on exercise of employee stock options.
2. Represents appropriation of 5% of net profit by Sri Lanka branch to meet the requirements of Section 20 of Sri Lankan
Banking Act No. 30 of 1988.
3. Represents transition adjustment on account of first time adoption of Accounting Standard 15 (Revised) on “Employee
benefits” issued by The Institute of Chartered Accountants of India for the year ended March 31, 2007.
As on As on
31.03.2007 31.03.2006
(Rs. in ‘000s)
forming part of the Balance Sheet (Contd.)
schedules