ICICI Bank 2008 Annual Report Download - page 149

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F75
A summary of stock options outstanding as on March 31, 2008 is given below.
Range of exercise price
(Rupees per share)
Number of shares arising
out of options (Number of
shares)
Weighted average
exercise price (Rupees)
Weighted average
remaining contractual life
(Number of years)
35 – 60 12,378,256 48 8.23
As per the ESOS scheme, FBT of Rs. 0.8 million has been recovered from the employees on 150,240 stock options exercised
during the year ended March 31, 2008.
If the Group had used the fair value of options based on the Black-Scholes model, the compensation cost in year ended
March 31, 2008 would have been higher by Rs. 1,420.0 million and proforma consolidated profit after tax would have been
Rs. 32,562.3 million. On a proforma basis, the Group’s basic and diluted earnings per share would have been Rs. 30.85 and
Rs. 30.66 respectively.
6. Fixed assets
Fixed assets include software acquired by the Group. The movement in software is given below.
Rupees in million
Particulars As on March 31, 2008 As on March 31, 2007
At cost as on March 31 of preceding year .......................................... 4,101.4 3,347.0
Additions during the year ..................................................................... 1,533.5 846.9
Deductions during the year.................................................................. (3.1) (92.5)
Depreciation/amortisation to date ....................................................... (3,470.7) (2,910.0)
Net Block ............................................................................................. 2,161.1 1,191.4
7. Assets on lease
7.1 Assets taken under operating lease
The details of future rentals payable on operating leases are given below.
Rupees in million
Period As on March 31, 2008 As on March 31, 2007
Not later than one year ........................................................................ 1,635.0 987.8
Later than one year and not later than five years ................................ 5,126.9 3,034.0
Later than five years ............................................................................. 1,693.0 1,498.0
Total ..................................................................................................... 8,454.9 5,519.8
7.2 Assets under finance lease
The details of finance leases are given below.
Rupees in million
Period As on March 31, 2008 As on March 31, 2007
Total of future minimum lease receipts ............................................... 353.7 617.3
Present value of lease receipts ............................................................ 325.6 548.8
Un-matured finance charges................................................................ 28.1 68.5
Maturity profile of future minimum lease receipts
– Not later than one year ................................................................ 213.3 323.4
– Later than one year and not later than five years ....................... 140.4 293.9
– Later than five years ..................................................................... ——
Total ..................................................................................................... 353.7 617.3
forming part of the Consolidated Accounts (Contd.)
schedules
ICICI_BK_AR_2008_(F47_F92).indd 75ICICI_BK_AR_2008_(F47_F92).indd 75 6/20/08 3:32:46 PM6/20/08 3:32:46 PM