ICICI Bank 2008 Annual Report Download - page 97

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F23
schedules
forming part of the Accounts (Contd.)
Fees and commission
During the year ended March 31, 2008, the Bank received fees from its subsidiaries amounting to Rs. 5,748.7 million
(March 31, 2007: Rs. 4,427.2 million) and Rs. 72.5 million (March 31, 2007: Rs. Nil) from its associates/joint ventures/
other related entities. During the year ended March 31, 2008, the Bank received commission from its subsidiaries of
Rs. 9.3 million (March 31, 2007: Rs. 10.7 million) and Rs. 7.4 million (March 31, 2007: Rs. Nil) from its associates/joint
ventures/other related entities on account of guarantees and letters of credit issued.
Lease of premises and facilities
During the year ended March 31, 2008, the Bank charged an aggregate amount of Rs. 982.8 million from its subsidiaries
(March 31, 2007: Rs. 711.5 million) and Rs. 3.9 million (March 31, 2007: Rs. Nil) from its associates/joint ventures/other
related entities for lease of premises, facilities and other administrative costs.
Sale of housing loan portfolio
During the year ended March 31, 2008, the Bank sold housing loan portfolio to its subsidiary amounting to Rs. 6,231.4
million (March 31, 2007: Rs. 13,171.4 million).
Secondment of employees
During the year ended March 31, 2008, the Bank received Rs. 302.8 million (March 31, 2007: Rs. 136.3 million) from
subsidiaries and Rs. 1.8 million (March 31, 2007: Rs. Nil) from associates/joint ventures/other related entities for secondment
of employees.
Purchase of investments
During the year ended March 31, 2008, the Bank purchased certain investments from its subsidiaries amounting to
Rs. 7,934.2 million (March 31, 2007: Rs. 14,186.8 million) and from its associates/joint ventures/other related entities
amounting to Rs. Nil (March 31, 2007: Rs. 944.7 million). During the year ended March 31, 2008, the Bank invested in the
equity and preference shares of its subsidiaries amounting to Rs. 43,009.2 million (March 31, 2007: Rs. 13,584.7 million)
and in its associates/joint ventures/other related entities amounting to Rs. 57.5 million (March 31, 2007: Rs. Nil).
Sale of investments
During the year ended March 31, 2008, the Bank sold certain investments to its subsidiaries amounting to Rs. 15,526.7
million (March 31, 2007: Rs. 8,569.2 million).
Redemption/buyback and conversion of investments
During the year ended March 31, 2008, the Bank received a consideration of Rs. 1.2 million (March 31, 2007: Rs. 663.9
million) on account of buyback/capital reduction of equity shares by subsidiaries. Units in associates/joint ventures/other
related entities amounting to Rs. 2,762.4 million (March 31, 2007: Rs. 2,795.9 million) were redeemed during the year ended
March 31, 2008.
Reimbursement of expenses
During the year ended March 31, 2008, the Bank reimbursed expenses to its subsidiaries amounting to Rs. 526.8 million
(March 31, 2007: Rs. 2,147.7 million), and to its associates/joint ventures/other related entities amounting to Rs. 0.8 million
(March 31, 2007: Rs. Nil).
Brokerage and fee expenses
During the year ended March 31, 2008, the Bank paid brokerage/fees to its subsidiaries amounting to Rs. 950.7 million
(March 31, 2007: Rs. 795.4 million), and to its associates/joint ventures/other related entities amounting to Rs. 2,354.7
million (March 31, 2007: Rs. Nil).
Custodial charges income
During the year ended March 31, 2008, the Bank charged an aggregate amount of Rs. 16.3 million (March 31, 2007: Rs. 20.4
million) from its subsidiaries and Rs. 6.8 million (March 31, 2007: Rs. 5.7 million) from its associates/joint ventures/other
related entities.
Interest expenses
During the year ended March 31, 2008, the Bank paid interest to its subsidiaries amounting to Rs. 3,311.9 million
(March 31, 2007: Rs. 513.6 million) and to its associates/joint ventures/other related entities amounting to Rs. 28.2 million
(March 31, 2007: Rs. Nil).
Interest income
During the year ended March 31, 2008, the Bank received interest from its subsidiaries amounting to Rs. 1,575.3 million
(March 31, 2007: Rs. 1,366.2 million), from its associates/joint ventures/other related entities amounting to Rs. 21.0 million
(March 31, 2007: Rs. Nil) and from its key management personnel Rs. 0.7 million (March 31, 2007: Rs. 0.7 million).
Other income
During the year ended March 31, 2008, the net gain on derivative transactions entered into with subsidiaries was Rs. 4,398.0
million (March 31, 2007: gain of Rs. 537.3 million).
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