ICICI Bank 2008 Annual Report Download - page 135

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F61
Sr.
no. Name of the entity Country of
incorporation Nature of
relationship Nature of business Ownership
interest
10 ICICI Bank UK PLC. United Kingdom Subsidiary Banking 100.00%
11 ICICI Bank Canada Canada Subsidiary Banking 100.00%
12 ICICI Wealth Management Inc. Canada Subsidiary Wealth management 100.00%
13 ICICI Bank Eurasia LLC. Russia Subsidiary Banking 100.00%
14 ICICI Eco-net Internet and
Technology Fund India Consolidated as
per Accounting
Standard (‘AS’) 21
Venture capital fund 92.01%
15 ICICI Equity Fund India Consolidated as
per Accounting
Standard (‘AS’) 21
Unregistered venture
capital fund 100.00%
16 ICICI Emerging Sectors Fund India Consolidated as
per Accounting
Standard (‘AS’) 21
Venture capital fund 99.29%
17 ICICI Strategic Investments Fund India Consolidated as
per Accounting
Standard (‘AS’) 21
Unregistered venture
capital fund 100.00%
18 ICICI Prudential Life Insurance
Company Limited 1India Jointly controlled
entity Life insurance 73.87%
19 ICICI Lombard General Insurance
Company Limited 1India Jointly controlled
entity General insurance 73.83%
20 ICICI Prudential Asset
Management Company Limited 1India Jointly controlled
entity Asset management
company for ICICI
Prudential Mutual Fund
50.99%
21 ICICI Prudential Trust Limited 1India Jointly controlled
entity Trustee company for ICICI
Prudential Mutual Fund 50.80%
22 TCW/ICICI Investment
Partners LLC 2Mauritius Jointly controlled
entity Asset management 50.00%
23 TSI Ventures (India)
Private Limited 2India Jointly controlled
entity Real estate consultancy 50.00%
24 ICICI Kinfra Limited India Consolidated as
per Accounting
Standard (‘AS’) 21
Infrastructure development
consultancy 76.02%
25 ICICI West Bengal Infrastructure
Development Corporation
Limited
India Consolidated as
per Accounting
Standard (‘AS’) 21
Infrastructure development
consultancy 75.97%
26 Financial Information Network
and Operations Limited3India Associate Service provider 28.29%
27 I-Process Services (India) Private
Limited3India Associate Service provider 19.00%
28 I-Solutions Providers (India)
Private Limited3India Associate Service provider 19.00%
29 NIIT Institute of Finance, Banking
and Insurance Training Limited3India Associate Education and training in
banking and finance 19.00%
30 ICICI Venture Value Fund3India Associate Unregistered venture
capital fund 48.01%
1. The financial statements of these jointly controlled entities have been consolidated as per AS 21 on “Consolidated Financial Statements”
consequent to the limited revision to AS 27 on “Financial Reporting of Interests in Joint Ventures”.
2. These entities have been consolidated as per the proportionate consolidation method as prescribed by AS 27 on “Financial Reporting of
Interests in Joint ventures”.
3. These entities have been consolidated as per the equity method as prescribed by AS 23 in “Accounting for Investments in Associates in
Consolidated Financial Statements”.
forming part of the Consolidated Accounts (Contd.)
schedules
ICICI_BK_AR_2008_(F47_F92).indd 61ICICI_BK_AR_2008_(F47_F92).indd 61 6/20/08 3:32:01 PM6/20/08 3:32:01 PM