ICICI Bank 2009 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2009 ICICI Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 180

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

F4
cash flow statement
for the year ended March 31, 2009 (Rs. in ‘000s)
PARTICULARS Year ended
31.03.2009 Year ended
31.03.2008
Cash flow from operating activities
Net profit before taxes
.......................................................................... 51,169,693 50,560,977
Adjustments for:
Depreciation and amortisation .............................................................. 8,576,435 7,711,011
Lease Equalisation ............................................................................... — —
Net (appreciation)/depreciation on investments................................... 13,371,083 10,279,608
Provision in respect of non-performing assets (including prudential
provision on standard assets) ............................................................... 37,500,259 27,009,924
Provision for contingencies & others .................................................... (395,005) 1,413,354
Income from subsidiaries, joint ventures and consolidated entities .... (3,636,999) (12,783,599)
(Profit)/Loss on sale of fixed assets ...................................................... (175,113) (656,069)
106,410,353 83,535,206
Adjustments for:
(Increase)/decrease in investments ...................................................... 26,560,241 (25,015,908)
(Increase)/decrease in advances ........................................................... 34,618,121 (320,850,355)
Increase/(decrease) in borrowings ........................................................ 32,785,480 43,122,293
Increase/(decrease) in deposits ............................................................ (260,832,253) 126,079,339
(Increase)/decrease in other assets ...................................................... (33,283,816) (27,149,533)
Increase/(decrease) in other liabilities and provisions .......................... (32,683,319) 22,330,716
(232,835,546) (181,483,448)
Refund/(payment) of direct taxes ......................................................... (15,459,704) (18,363,292)
Net cash generated from operating activities ...................................
(A)
(141,884,897) (116,311,534)
Cash flow from investing activities
Investments in subsidiaries and/or joint ventures
(including application money) ............................................................... (42,016,414) (44,379,917)
Income from subsidiaries, joint ventures and consolidated entities .... 3,636,999 12,783,799
Purchase of fixed assets ....................................................................... (10,568,742) (9,592,487)
Proceeds from sale of fixed assets ...................................................... 667,236 1,064,035
(Purchase)/sale of held to maturity securities ...................................... 86,859,726 (135,486,579)
Net cash generated from investing activities ...................................
(B)
38,578,805 (175,611,149)
Cash flow from financing activities
Proceeds from issue of share capital (including ESOPs) net of issue
expenses ............................................................................................... 452,464 197,897,060
Net proceeds/(repayment) of bonds (including subordinated debt) .... 29,492,463 112,316,167
Dividend and dividend tax paid ............................................................. (13,691,338) (10,565,000)
Net cash generated from financing activities....................................
(C)
16,253,589 299,648,227
Effect of exchange fluctuation on translation reserve ......................
(D)
6,306,853 (890,065)
Net cash and cash equivalents taken over from Sangli Bank
Limited on amalgamation ...................................................................
(E)
— 2,362,563
Net increase/(decrease) in cash and cash equivalents .....................
(A) + (B) + (C) + (D) + (E)
(80,745,650) 9,198,042
Cash and cash equivalents at April 1 ................................................. 380,411,288 371,213,247
Cash and cash equivalents at March 31 ............................................ 299,665,638 380,411,289
Significant accounting policies and notes to accounts (refer Schedule 18 & 19)
The schedules referred to above form an integral part of the Balance Sheet.
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
Chartered Accountants Chairman Managing Director & CEO
AKEEL MASTER CHANDA D. KOCHHAR V. VAIDYANATHAN
Partner Joint Managing Director & CFO Executive Director
Membership No.: 046768
SONJOY CHATTERJEE K. RAMKUMAR
Executive Director Executive Director
SANDEEP BATRA RAKESH JHA
Place : Mumbai Group Compliance Officer Deputy Chief
Date : April 25, 2009 & Company Secretary Financial Officer