ICICI Bank 2009 Annual Report Download - page 133

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F59
Sr.
no. Name of the entity Country of
incorporation Nature of
relationship Nature of business Ownership
interest
16. ICICI Emerging Sectors Fund India Consolidated as
per Accounting
Standard (‘AS’) 21
Venture capital fund 99.29%
17. ICICI Strategic Investments Fund India Consolidated as
per Accounting
Standard (‘AS’) 21
Unregistered venture
capital fund 100.00%
18. ICICI Prudential Life Insurance
Company Limited1
India Jointly controlled
entity Life insurance 73.93%
19. ICICI Lombard General Insurance
Company Limited1
India Jointly controlled
entity General insurance 73.80%
20. ICICI Prudential Asset Management
Company Limited1
India Jointly controlled
entity Asset management
company for ICICI
Prudential Mutual Fund
51.00%
21. ICICI Prudential Trust Limited1India Jointly controlled
entity Trustee company for ICICI
Prudential Mutual Fund 50.80%
22. TCW/ICICI Investment Partners LLC2Mauritius Jointly controlled
entity Asset management 50.00%
23. ICICI Kinfra Limited India Consolidated as
per Accounting
Standard (‘AS’) 21
Infrastructure development
consultancy 76.00%
24. ICICI West Bengal Infrastructure
Development Corporation Limited India Consolidated as
per Accounting
Standard (‘AS’) 21
Infrastructure development
consultancy 75.99%
25. Loyalty Solutions & Research Limited India Consolidated
as per Accounting
Standard (‘AS’) 21
Customer relationship
management, data
mining and analytics and
marketing services
89.75%
26. Financial Information Network and
Operations Limited3
India Associate Service provider 28.29%
27. I-Process Services (India) Private Limited3India Associate Service provider 19.00%
28. I-Solutions Providers (India) Private Limited3India Associate Service provider 19.00%
29. NIIT Institute of Finance Banking and Insurance
Training Limited3
India Associate Education and training
in banking and finance 19.00%
30. ICICI Venture Value Fund3India Associate Unregistered venture
capital fund 48.00%
31. Contests2win.com India Private Limited3India Consolidated as
per Accounting
Standard (‘AS’) 23
Internet portal 23.96%
32. Crossdomain Solutions Private Limited3India Consolidated as
per Accounting
Standard (‘AS’) 23
Business process
outsourcing (BPO) services 11.85%
33. Transafe Services Limited3India Consolidated as
per Accounting
Standard (‘AS’) 23
Logistic products –
manufacturer 47.27%
34. Prize Petroleum Company Limited3India Associate Oil exploration and
production 35.00%
35. I-Ven Biotech Limited India Consolidated as
per Accounting
Standard (‘AS’) 21
Research and development
of biotechnology 100.00%
The financial statements of Comm Trade Services Limited, Firstsource Solutions Limited and 3i infotech Limited have not been
consolidated under AS no. 21/AS no. 23, as the investments in these companies are temporary in nature.
1. The financial statements of these jointly controlled entities have been consolidated as per AS 21 on “Consolidated Financial Statements”
consequent to the limited revision to AS 27 on “Financial Reporting of Interests in Joint Ventures”.
2. The entity has been consolidated as per the proportionate consolidation method as prescribed by AS 27 on “Financial Reporting of Interests in
Joint ventures”. In view of sale of investment in the equity share capital of TSI Ventures (India) Private Limited by ICICI Venture Funds Management
Company Limited during the quarter ended June 30, 2008, the entity ceased to be a joint venture as on that date and accordingly, this entity has
not been consolidated as at March 31, 2009.
3. These entities have been consolidated as per the equity method as prescribed by AS 23 on “Accounting for Investments in Associates in
Consolidated Financial Statements”.
forming part of the Consolidated Accounts (Contd.)
schedules