ICICI Bank 2008 Annual Report Download - page 80

F6
SCHEDULE 2 – RESERVES AND SURPLUS
I. Statutory reserve
Opening balance ......................................................................................... 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 ......................................................................................... 19,190,000 14,690,000
Additions during the year ............................................................................ 1,750,000 4,500,000
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 20,940,000 19,190,000
III. Securities premium
Opening balance ......................................................................................... 120,154,919 118,175,597
Additions during the year 1 .......................................................................... 197,644,847 1,979,322
Deductions during the year 2 ...................................................................... 5,328,736 —
Closing balance ........................................................................................... 312,471,030 120,154,919
IV. Capital reserve
Opening balance ......................................................................................... 6,740,000 5,530,000
Additions during the year ........................................................................... 1,270,000 1,210,000
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 8,010,000 6,740,000
V. Foreign currency translation reserve .......................................................... (1,391,262) (501,197)
VI. Reserve fund
Opening balance ......................................................................................... 1,390 222
Additions during the year 3 ......................................................................... 3,138 1,168
Deductions during the year ......................................................................... — —
Closing balance ........................................................................................... 4,528 1,390
VII. Revenue and other reserves
Opening balance ......................................................................................... 49,784,047 50,840,074
Additions during the year ............................................................................ — —
Deductions during the year 4 ..................................................................... — 1,056,027
Closing balance ........................................................................................... 49,784,047 49,784,047
VIII. Balance in profit and loss account .............................................................. 24,363,159 9,982,741
TOTAL RESERVES AND SURPLUS .................................................................. 453,575,309 234,139,207
1. Includes :
a) Rs. 86,065.6 million (net of share 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 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.
As on As on
31.03.2008 31.03.2007
schedules
forming part of the Balance Sheet (Contd.) (Rs. in ‘000s)
ICICI_BK_AR_2008_(F1_F46).indd 6ICICI_BK_AR_2008_(F1_F46).indd 6 6/20/08 3:24:10 PM6/20/08 3:24:10 PM