ICICI Bank 2008 Annual Report Download - page 144

F70
Rupees in million, except number of shares
Details No. of equity
shares
Amount of
securities
premium
Aggregate
proceeds
Equity shares of Rs. 10 each at a premium of Rs. 930 per share .............. 61,923,519 57,588.9 58,208.1
Equity shares of Rs. 10 each at a premium of Rs. 880 per share1 ............ 32,912,238 28,962.7 29,291.9
Equity shares of Rs. 10 each at a premium of
Rs. 930 per share issued under green-shoe options .................................. 13,762,869 12,799.5 12,937.1
49,949,238 American Depository Share (“ADSs”) at a price
of US$ 49.25 per ADSs 1,2,3 .......................................................................... 99,898,476 98,237.4 99,236.4
Total 208,497,102 197,588.5 199,673.5
1. Includes 6,497,462 ADSs issued on exercise of the green-shoe option.
2. 1 ADS = 2 equity shares of Rs.10 each.
3. Converted at US$ 1 = Rs. 40.34, being noon buying rate on the date of allotment.
3. Earnings per share (“EPS”)
Basic and diluted earnings per equity share are computed in accordance with Accounting Standard 20, “Earnings per Share”.
Basic earnings per share is computed by dividing net profit after tax by the weighted average number of equity shares
outstanding during the year. The diluted earnings per share is computed using the weighted average number of equity
shares and dilutive potential equity shares outstanding during the year.
The computation of earnings per share is given below.
Rupees in million, except per share data
Year ended
March 31, 2008
Year ended
March 31, 2007
Basic
Weighted average no. of equity shares outstanding.......................................... 1,055,591,068 892,820,768
Net profit ............................................................................................................. 33,982.3 27,606.3
Basic earnings per share (Rs.) ........................................................................... 32.19 30.92
Diluted
Weighted average no. of equity shares outstanding.......................................... 1,062,103,167 897,743,476
Net profit ............................................................................................................. 33,982.3 27,606.3
Diluted earnings per share (Rs.) ......................................................................... 32.00 30.75
Normal value per share (Rs.) ............................................................................... 10.00 10.00
The dilutive impact is mainly due to options granted to employees by the Bank.
4. Related party transactions
The Group has transactions with its related parties and key management personnel.
Associates/other related entities
Financial Information Network & Operations Limited, I-Process Services (India) Private Limited, I-Solutions Providers (India)
Private Limited, NIIT Institute of Finance, Banking and Insurance Training Limited, ICICI Venture Value Fund, Comm Trade
Services Limited, Loyalty Solutions & Research Limited, Café Network Limited, Traveljini.com Limited and Firstsource
Solutions Limited (Bank’s holding is 24.97% as on March 31, 2008).
With respect to entities, which have been identified as related parties from the financial year ended March 31, 2008, previous
year’s comparative figures have not been reported.
Key management personnel include whole-time directors. The following are the significant transactions of the Group with
its associates/other related entities and key management personnel.
forming part of the Consolidated Accounts (Contd.)
schedules
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