ICICI Bank 2008 Annual Report Download - page 145

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F71
Insurance services
During the year ended March 31, 2008, the Group received insurance premium from associates/other related entities of
Rs. 116.8 million. During the year ended March 31, 2008, the Group paid claims to its associates/other related entities of
Rs. 94.3 million.
Fees and commission
During the year ended March 31, 2008, the Group received fees from its associates/other related entities of Rs. 107.4 million.
During the year ended March 31, 2008, the Group received commission amounting to Rs. 7.4 million from its associates/
other related entities.
Lease of premises and facilities
During the year ended March 31, 2008, the Group charged an aggregate amount of Rs. 2.3 million for lease of premises,
facilities and other administrative costs to its associates/other related entities.
Secondment of employees
During the year ended March 31, 2008, the Group received Rs. 1.8 million from its associates/other related entities for
secondment of employees.
Redemption/buyback of investments
During the year ended March 31, 2008, consideration of Rs. 26.8 million was received on account of buyback/capital reduction
of equity shares from associates/other related entities.
Reimbursement of expenses
During the year ended March 31, 2008, the Group reimbursed expenses to its associates/other related entities amounting
to Rs. 0.8 million.
Brokerage and fee expenses
During the year ended March 31, 2008, the Group paid fees to its associates/other related entities of Rs. 2,595.1 million.
Purchase of investments
Group invested in the equity and preference shares of its associates/other related entities amounting to Rs. 57.5 million.
Interest expenses
During the year ended March 31, 2008, the Group paid interest to its associates/other related entities amounting to Rs. 27.4
million.
Interest income
During the year ended March 31, 2008, the Group received interest from its associates/other related entities amounting to
Rs. 20.5 million, and received interest from its key management personnel1 amounting to Rs. 0.7 million (March 31, 2007:
Rs. 0.7 million).
Dividend paid
During the year ended March 31, 2008, the Bank paid dividend to its key management personnel1 amounting to Rs. 15.0
million (March 31, 2007: Rs. 4.4 million).
Remuneration to whole-time directors
Remuneration paid to the whole-time directors of the Bank during the year ended March 31, 2008 was Rs. 90.3 million
(March 31, 2007: Rs. 87.0 million).
Related party balances
The following are the balances payable to/receivable from its associates/other related entities included in the balance sheet
as on March 31, 2008.
Rupees in million
Items As on March 31, 2008
Deposits with Group ...................................................................................................... 234.4
Advances ........................................................................................................................ 142.8
Investments of ICICI Group in related parties ............................................................... 1,869.7
Receivables .................................................................................................................... 174.4
Payables ......................................................................................................................... 376.6
forming part of the Consolidated Accounts (Contd.)
schedules
ICICI_BK_AR_2008_(F47_F92).indd 71ICICI_BK_AR_2008_(F47_F92).indd 71 6/20/08 3:32:33 PM6/20/08 3:32:33 PM