ICICI Bank 2008 Annual Report Download - page 123
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F49
6. We report that the consolidated financial statements have been prepared by the Bank’s management
in accordance with the requirements of Accounting Standard 21, Consolidated Financial Statements,
Accounting Standard 23, Accounting for investments in associates in consolidated financial
statements and Accounting Standard 27, Financial Reporting of interests in Joint Ventures prescribed
by the Companies (Accounting Standards) Rules, 2006.
7. Based on our audit and to the best of our information and according to the explanations given to
us and on consideration of reports of other auditors on separate financial statements and on the
consideration of the unaudited financial statements and on other relevant financial information of
the components, we are of the opinion that the consolidated financial statements give a true and
fair view in conformity with the accounting principles generally accepted in India:
a) in the case of the consolidated Balance Sheet, of the state of affairs of the Group as at
March 31, 2008;
b) in the case of the consolidated Profit and Loss Account, of the profit of the Group for the year
ended on that date; and
c) in the case of the consolidated Cash Flow Statement, of the cash flows of the Group for the
year ended on that date.
For BSR & Co.
Chartered Accountants
Akeel Master
Partner
Membership No.: 046768
Mumbai
26 April 2008
auditors’ report
ICICI_BK_AR_2008_(F47_F92).indd 49ICICI_BK_AR_2008_(F47_F92).indd 49 6/20/08 3:31:21 PM6/20/08 3:31:21 PM