ICICI Bank 2008 Annual Report Download - page 128

F54
SCHEDULE 2 — RESERVES AND SURPLUS
I. Statutory Reserve
Opening balance (other than joint ventures) .............................................. 28,787,307 20,987,307
Additions during the year [includes Rs. 206.5 million on amalgamation] .... .......... 10,606,500 7,800,000
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 39,393,807 28,787,307
II. Special Reserve
Opening balance (other than joint ventures) .............................................. 19,739,200 15,062,102
Additions during the year ........................................................................... 1,892,500 4,677,098
Deductions during the year ....................................................................... - — —
Closing balance ........................................................................................... 21,631,700 19,739,200
III. Securities premium
Opening balance (other than joint ventures) .............................................. 120,285,365 118,325,074
Additions during the year1 ........................................................................... 197,644,847 1,970,256
Deductions during the year2 ....................................................................... 5,280,193 9,965
Closing balance ........................................................................................... 312,650,019 120,285,365
IV. Unrealised Investment Reserve
Opening balance (other than joint ventures) .............................................. 4,867,703 2,517,249
Additions during the year ........................................................................... 218,122 3,506,314
Deductions during the year ......................................................................... 4,106,561 1,155,860
Closing balance ........................................................................................... 979,264 4,867,703
V. Capital reserve
Opening balance (other than joint ventures) .............................................. 6,903,166 5,693,166
Additions during the year (including capital reserve on consolidation
Rs. 90.6 million) ........................................................................................... 1,360,603 1,210,000
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 8,263,769 6,903,166
VI. Foreign currency translation reserve .......................................................... (2,238,079) (516,760)
VII. Reserve Fund
Opening balance (other than joint ventures) .............................................. 1,390 222
Additions during the year3 ........................................................................... 3,138 1,168
Deductions during the year ....................................................................... - — —
Closing balance .......................................................................................... 4,528 1,390
VIII. Revenue and other reserves
Opening balance for joint ventures ............................................................. (2,687) (2,687)
Opening balance for others ....................................................................... 50,592,261 50,962,549
Additions during the year for joint ventures ............................................ - — —
Additions during the year for others ........................................................... 3,455,640 1,562,108
Deductions during the year for joint ventures ............................................ — —
Deductions during the year for others4, 5, 7 .................................................. 4,131,579 1,932,396
Closing balance6 .......................................................................................... 49,913,635 50,589,574
IX. Balance in profit and loss account for others ............................................. 5,544,515 —
X. Balance in profit and loss account for joint ventures ................................. (47,681) —
TOTAL RESERVES AND SURPLUS .................................................................. 436,095,477 230,656,945
1. Includes :-
a) Rs. 86,065.6 million (net of securities premium in arrears of Rs. 486.1 million) consequent to public issue vide prospectus dated
June 26, 2007.
b) Rs. 98,237.4 million consequent to issue of ADSs (including green shoe options exercised) vide prospectus dated June 23, 2007.
c) Rs. 12,799.5 million on exercise of the green shoe option vide prospectus dated June 26, 2007.
d) Rs. 542.3 million (March 31, 2007: Rs. 1,901.9 million) on exercise of employee stock options.
2. Represents :-
a) Rs. 3,482.2 million being the excess of the paid-up value of the shares issued to the shareholders of The Sangli Bank Limited over the fair
value of the net assets acquired on merger and amalgamation expenses as per the scheme of amalgamation.
b) Rs. 1,846.6 million being the share issue expenses, written-off from the securities premium account as per the objects of the issue.
3. 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.
4. 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.
5. Includes transition adjustment on account of first time adoption of Financial Reporting Standard (“FRS”) 26 by ICICI Bank UK PLC for the year
ended March 31, 2007.
6. Includes restricted reserve of Rs. 5,423.2 million (March 31, 2007: Rs. 2,541.9 million) relating to life insurance subsidiary.
7. Includes unrealised losses, net of tax, of Rs. 4,029.0 million (March 31, 2007: Rs. Nil) pertaining to the investments in Available for Sale category
of the ICICI Bank UK PLC.
schedules
As on As on
31.03.2008 31.03.2007
(Rs. in ‘000s)
forming part of the Consolidated Balance Sheet (Contd.)
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