ICICI Bank 2009 Annual Report Download - page 142

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F68
During the year ended March 31, 2009, the Group paid claims to its associates/other related entities amounting to Rs.164.8
million (March 31, 2008: Rs. 94.3 million) and to the key management personnel of the Bank amounting to Rs. 0.2 million.
The material transaction for the year ended March 31, 2009 was with Firstsource Solutions Limited for Rs. 159.7 million
(March 31, 2008: Rs. 90.5 million).
Fees and commission
During the year ended March 31, 2009, the Group received fees from its associates/other related entities amounting to
Rs.140.6 million (March 31, 2008: Rs. 107.4 million) and from key management personnel amounting to Rs. 0.6 million.
The material transaction for the year ended March 31, 2009 was with Firstsource Solutions Limited for Rs. 139.0 million
(March 31, 2008: Rs. 105.3 million).
During the year ended March 31, 2009, the Group received commission amounting to Rs.7.5 million (March 31, 2008:
Rs. 7.4 million) from its associates/other related entities. The material transaction for the year ended March 31, 2009 was
with Firstsource Solutions Limited for Rs. 7.2 million (March 31, 2008: Rs. 7.4 million).
Lease of premises and facilities
During the year ended March 31, 2009, the Group received income amounting to Rs. 31.8 million (March 31, 2008:
Rs. 31.3 million) for lease of premises, facilities and other administrative costs from its associates/other related entities.
The material transactions for the year ended March 31, 2009 were with Firstsource Solutions Limited for Rs. 26.3 million
(March 31, 2008: Rs. 31.3 million) and with ICICI Foundation for Inclusive Growth for Rs. 5.3 million.
Secondment of employees
During the year ended March 31, 2009, the Group received compensation from its associates/other related entities
amounting to Rs. 5.3 million (March 31, 2008: Rs. 4.4 million) for secondment of employees. The material transactions for
the year ended March 31, 2009 were with I-Process Services (India) Private Limited for Rs. 3.6 million (March 31, 2008:
Rs. 2.6 million) and with I-Solutions Providers (India) Private Limited for Rs. 1.7 million (March 31, 2008: Rs. 1.8 million).
Redemption/buyback and conversion of investments
During the year ended March 31, 2009, the Group received Rs. 58.5 million on account of buyback of equity shares by
Crossdomain Solutions Private Limited and Rs. 0.5 million (March 31, 2008: Rs. 26.8 million) on account of redemption of
units by ICICI Venture Value Fund.
Reimbursement of expenses
During the year ended March 31, 2009, the Group reimbursed expenses to Financial Information Network and Operations
Limited for Rs. Nil (March 31, 2008: Rs. 0.8 million).
Brokerage and fee expenses
During the year ended March 31, 2009, the Group paid fees to its associates/other related entities amounting to Rs. 1,790.7
million (March 31, 2008: Rs. 2,595.1 million). The material transactions for the year ended March 31, 2009 were with
I-Process Services (India) Private Limited for Rs. 1,027.5 million (March 31, 2008: Rs. 1,029.0 million), I-Solutions Providers
(India) Private Limited for Rs. 227.2 million (March 31, 2008: Rs. 932.1 million) and Firstsource Solutions Limited for
Rs. 419.6 million (March 31, 2008: Rs. 538.8 million).
Purchase of investments
During the year ended March 31, 2009, the Group invested in the equity and preference shares of its associates/other
related entities amounting to Rs.11.4 million (March 31, 2008: Rs. 57.5 million). The material transactions for the year ended
March 31, 2009 were with Financial Information Network and Operations Limited for Rs. Nil (March 31, 2008: Rs. 57.5 million)
and ICICI Venture Value Fund for Rs. 11.4 million (March 31, 2008: Rs. Nil).
Interest expenses
During the year ended March 31, 2009, the Group paid interest to its associates/other related entities amounting to Rs. 19.3
million (March 31, 2008: Rs. 27.4 million), to its key management personnel amounting to Rs. 2.5 million and to relatives of key
management personnel amounting to Rs. 1.3 million. The material transactions for the year ended March 31, 2009 were with
Firstsource Solutions Limited for Rs. 10.4 million (March 31, 2008: Rs. 27.4 million) and with Crossdomain Solutions Private
Limited for Rs. 8.7 million.
Interest income
During the year ended March 31, 2009, the Group received interest from its associates/other related entities
amounting to Rs. 8.7 million (March 31, 2008: Rs. 20.5 million), from its key management personnel amounting
to Rs. 2.3 million (March 31, 2008: Rs. 0.7 million) and from relatives of key management personnel amounting to
Rs. 0.3 million. The material transactions for the year ended March 31, 2009 were with Firstsource Solutions Limited for
Rs. 1.5 million (March 31, 2008: Rs. 20.5 million), Financial Information Network and Operations Limited for Rs. 3.6 million
(March 31, 2008: Rs. Nil), Transafe Limited for Rs. 3.6 million and with V. Vaidyanathan for Rs. 2.1 million (March 31, 2008:
Rs. 0.2 million).
forming part of the Consolidated Accounts (Contd.)
schedules