ICICI Bank 2009 Annual Report Download - page 124

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F50
consolidated cash flow statement
for the year ended March 31, 2009 (Rs. in ‘000s)
Significant Accounting Policies and Notes to Accounts (refer Schedule 18 & 19).
As per our Report of even date. For and on behalf of the Board of Directors
For B S R & Co. N. VAGHUL K. V. KAMATH CHANDA D. KOCHHAR
Chartered Accountants Chairman Managing Director & CEO Joint Managing Director & CFO
AKEEL MASTER V. VAIDYANATHAN SONJOY CHATTERJEE K. RAMKUMAR
Partner Executive Director Executive Director Executive Director
Membership No.: 046768
SANDEEP BATRA RAKESH JHA
Place : Mumbai Group Compliance Officer & Deputy Chief
Date : April 25, 2009 Company Secretary Financial Officer
Particulars Year ended
31.03.2009 Year ended
31.03.2008
Cash flow from operating activities
Net profit before taxes
.................................................................................................... 51,658,808 45,079,134
Adjustments for :
Depreciation and amortisation ........................................................................................ 10,034,785 8,721,642
Net (appreciation)/depreciation on investments............................................................. 17,990,288 14,493,875
Provision in respect of non-performing assets (including prudential provision on
standard assets) .............................................................................................................. 39,115,672 27,723,909
Provision for contingencies & others .............................................................................. (303,901) 1,723,502
(Profit)/loss on sale of fixed assets ................................................................................. (14,611) (613,379)
118,481,041 97,128,683
Adjustments for :
(Increase)/decrease in investments ................................................................................ (4,416,202) (132,276,092)
(Increase)/decrease in advances ..................................................................................... (185,733,697) (423,725,121)
Increase/(decrease) in borrowings .................................................................................. 41,331,233 100,659,704
Increase/(decrease) in deposits ...................................................................................... (151,274,780) 270,566,682
(Increase)/decrease in other assets ................................................................................ (39,234,654) (40,067,589)
Increase/(decrease) in other liabilities and provisions .................................................... 16,998,654 173,249,913
(322,329,446) (51,592,503)
(Payment)/refund of taxes (net) ....................................................................................... (18,405,479) (23,865,900)
Net cash flow from operating activities ...................................................................... (A) (222,253,884) 21,670,280
Cash flow from investing activities
Purchase of fixed assets ................................................................................................. (13,071,158) (13,779,728)
Proceeds from sale of fixed assets ................................................................................ 897,114 1,100,906
(Purchase)/sale of held to maturity securities ................................................................ 90,016,170 (278,393,897)
Acquisition of business by a subsidiary (net of cash acquired) ..................................... (140,002) —
Net cash generated from investing activities ............................................................. (B) 77,702,124 (291,072,719)
Cash flow from financing activities
Proceeds from issue of share capital (including ESOPs) net of issue expense ............. 522,062 197,945,383
Net proceeds/(repayment) of bonds (including subordinated debt) .............................. 44,144,641 138,335,874
Dividend and dividend tax paid ....................................................................................... (14,229,374) (11,124,591)
Net cash generated from financing activities.............................................................. (C) 30,437,329 325,156,666
Effect of exchange fluctuation on translation reserve ................................................ (D) 11,441,514 (1,721,319)
Net cash and cash equivalents received from The Sangli Bank Limited
on amalgamation ............................................................................................................ (E) — 2,362,563
Net increase/(decrease) in cash and cash equivalents ...(A) + (B) + (C) + (D) + (E) (102,672,917) 56,395,471
Cash and cash equivalents as at April 1 ...................................................................... 453,286,773 396,891,302
Cash and cash equivalents as at March 31 .................................................................. 350,613,856 453,286,773