ICICI Bank 2009 Annual Report Download - page 126

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F52
schedules
(Rs. in ‘000s)
forming part of the Consolidated Balance Sheet (Contd.)
As on
31.03.2009 As on
31.03.2008
SCHEDULE 2 — RESERVES AND SURPLUS
I. Statutory
reserve
Opening balance (other than joint ventures) ........................................................... 39,393,807 28,787,307
Additions during the year ......................................................................................... 9,400,000 10,606,500
Deductions during the year ...................................................................................... — —
Closing balance ........................................................................................................ 48,793,807 39,393,807
II. Special reserve
Opening balance (other than joint ventures) ........................................................... 21,631,700 19,739,200
Additions during the year ........................................................................................ 2,870,000 1,892,500
Deductions during the year ...................................................................................... — —
Closing balance ........................................................................................................ 24,501,700 21,631,700
III. Securities premium
Opening balance (other than joint ventures) ........................................................... 312,650,019 120,285,365
Additions during the year1 ........................................................................................ 526,450 197,644,847
Deductions during the year2 .................................................................................... 10,500 5,280,193
Closing balance ........................................................................................................ 313,165,969 312,650,019
IV. Unrealised Investment reserve
Opening balance (other than joint ventures) ........................................................... 979,264 4,867,703
Additions during the year ........................................................................................ — 218,122
Deductions during the year ...................................................................................... 4,477,354 4,106,561
Closing balance ........................................................................................................ (3,498,090) 979,264
V. Capital reserve
Opening balance (other than joint ventures) ........................................................... 8,263,769 6,903,166
Additions during the year (including capital reserve on consolidation
Rs. 12.8 million) ........................................................................................................ 8,192,833 1,360,603
Deductions during the year ...................................................................................... — —
Closing balance
3 ...................................................................................................... 16,456,602 8,263,769
VI. Foreign currency translation reserve ....................................................................... 9,254,640 (2,238,079)
VII. Reserve Fund
Opening balance (other than joint ventures) ........................................................... 4,528 1,390
Additions during the year 4 ....................................................................................... 4,221 3,138
Deductions during the year ...................................................................................... — —
Closing balance ........................................................................................................ 8,749 4,528
VIII. Revenue and other reserves
Opening balance for joint ventures .......................................................................... (2,687) (2,687)
Opening balance for others .................................................................................... 49,916,322 50,592,261
Additions during the year for joint ventures ........................................................... — —
Additions during the year for others ........................................................................ 1,105,116 3,455,640
Deductions during the year for joint ventures ......................................................... — —
Deductions during the year for others5 .................................................................... 8,431,404 4,131,579
Closing balance6 ....................................................................................................... 42,587,347 49,913,635
IX. Balance in profit and loss account for others .......................................................... 5,374,569 5,544,515
X. Balance in profit and loss account for joint ventures .............................................. (2,849) (47,681)
TOTAL RESERVES AND SURPLUS ............................................................................... 456,642,444 436,095,477
1. Includes:
a) Rs. 98,865.1 million in the previous year (net of share premium in arrears of Rs. 486.1 million) consequent to public issue (including shares issued
under green shoe option) vide prospectus dated June 26, 2007.
b) Rs. 98,237.4 million in the previous year consequent to issue of ADSs (including shares issued under green shoe option) vide prospectus dated
June 23, 2007.
c) Rs. 184.1 million (March 31, 2008: Rs. 542.3 million) on exercise of employee stock options.
2. Includes:
a) Rs. 3,482.2 million in the previous year 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 the scheme of amalgamation.
b) Rs. 1,846.6 million in the previous year being the share issue expenses, written-off from the securities premium account as per the objects of the issue.
3. Includes capital reserve on consolidation amounting to Rs. 103.4 million (March 31,2008: Rs.90.6 million).
4.
Represents appropriation of 5% of net profit by the Bank’s Sri Lanka branch to meet the requirements of Section 20 of Sri Lankan Banking Act No. 30 of 1988.
5. Includes unrealised losses, net of tax, of Rs. 8,311.8 million (March 31, 2008: Rs. 4,029.0 million) pertaining to the investments in Available for Sale
category of ICICI Bank UK PLC.
6. Includes restricted reserve of Rs. 5,582.9 million (March 31, 2008: Rs. 5,423.2 million) relating to the life insurance subsidiary.