ICICI Bank 2009 Annual Report Download - page 96

F22
Lease of premises and facilities
During the year ended March 31, 2009, the Bank received income from its subsidiaries amounting to Rs. 1,670.5
million (March 31, 2008: Rs. 982.8 million) and from its associates/joint ventures/other related entities amounting to
Rs. 7.0 million (March 31, 2008: Rs. 3.9 million) for lease of premises, facilities and other administrative costs. The material
transactions for the year ended March 31, 2009 were with ICICI Securities Limited for Rs. 361.5 million (March 31, 2008:
Rs. 266.9 million), ICICI Home Finance Company Limited for Rs. 344.2 million (March 31, 2008: Rs. 3.1 million), ICICI Bank
UK PLC for Rs. 431.6 million (March 31, 2008: Rs. 254.9 million), ICICI Bank Canada for Rs. 137.1 million (March 31, 2008:
Rs. 102.6 million), ICICI Prudential Life Insurance Company Limited for Rs. 164.0 million (March 31, 2008: Rs. 102.5 million)
and ICICI Lombard General Insurance Company Limited for Rs. 202.4 million (March 31, 2008: Rs. 186.8 million).
Sale of housing loan portfolio
During the year ended March 31, 2009, the Bank sold housing loan portfolio to ICICI Home Finance Company Limited
amounting to Rs. Nil (March 31, 2008: Rs. 6,231.4 million).
Secondment of employees
During the year ended March 31, 2009, the Bank received compensation from its subsidiaries amounting to Rs. 277.1
million (March 31, 2008: Rs. 302.8 million) and from its associates/joint ventures/other related entities amounting to Rs.
16.8 million (March 31, 2008: Rs. 12.7 million) for secondment of employees. The material transactions for the year ended
March 31, 2009 were with ICICI Securities Limited for Rs. 53.4 million (March 31, 2008: Rs. 91.5 million) and ICICI Home
Finance Company Limited for Rs. 217.2 million (March 31, 2008: Rs. 190.5 million).
Purchase of investments
During the year ended March 31, 2009, the Bank purchased certain investments from its subsidiaries amounting to Rs.
15,170.3 million (March 31, 2008: Rs. 7,934.2 million). The material transactions for the year ended March 31, 2009 were
with ICICI Securities Primary Dealership Limited for Rs. 6,695.0 (March 31, 2008: Rs. 7,636.3 million) and ICICI Prudential
Life Insurance Company Limited for Rs. 7,922.9 million (March 31, 2008: Rs. 146.2 million).
During the year ended March 31, 2009, the Bank invested in the equity shares, preference shares and bonds of its subsidiaries
amounting to Rs. 41,755.0 million (March 31, 2008: Rs. 43,009.2 million) and in its associates/joint ventures/other related
entities amounting to Rs. Nil (March 31, 2008: Rs. 57.5 million). The material transactions for the year ended March 31, 2009
were with ICICI Home Finance Company Limited for Rs. 3,000.0 million (March 31, 2008: Rs. 5,000.0 million), ICICI Bank
UK PLC for Rs. 4,696.5 million (March 31, 2008: Rs. 12,404.9 million), ICICI Bank Canada for Rs. 22,188.3 million (March 31,
2008: Rs. 10,414.9 million) and ICICI Prudential Life Insurance Company Limited for Rs. 8,081.6 million (March 31, 2008:
Rs. 12,580.0 million).
Sale of investments
During the year ended March 31, 2009, the Bank sold certain investments to its subsidiaries amounting to Rs. 13,854.6
million (March 31, 2008: Rs. 15,526.7 million). The material transactions for the year ended March 31, 2009 were with ICICI
Securities Primary Dealership Limited for Rs. 5,103.5 million (March 31, 2008: Rs. 11,705.0 million), ICICI Bank UK PLC for
Rs. 1,836.0 million (March 31, 2008: Rs. Nil) and ICICI Prudential Life Insurance Company Limited for Rs. 6,364.8 million
(March 31, 2008: Rs. 3,223.2 million).
Redemption/buyback and conversion of investments
During the year ended March 31, 2009, the Bank received Rs. 583.5 million (March 31, 2008: Rs. 1.2 million) on account of
buyback of equity shares by subsidiaries and Rs. 183.5 million (March 31, 2008: Rs. 2,762.4 million) on account of buyback/
redemption of equity shares/units by associates/joint ventures/other related entities. The material transactions for the year
ended March 31, 2009 were with ICICI Securities Primary Dealership Limited for Rs. 583.5 million (March 31, 2008: Rs. 1.2
million), ICICI Equity Fund for Rs. 125.0 million (March 31, 2008: Rs. 571.5 million), ICICI Emerging Sectors Fund for Rs. Nil
(March 31, 2008: Rs. 2,070.3 million) and Crossdomain Solutions Private Limited for Rs. 58.5 million.
Reimbursement of expenses
During the year ended March 31, 2009, the Bank reimbursed expenses to ICICI Home Finance Company Limited amounting
to Rs. 60.8 million (March 31, 2008: Rs. 526.8 million) and to its associates/joint ventures/other related entities amounting
to Rs. Nil (March 31, 2008: Rs. 0.8 million).
Brokerage and fee expenses
During the year ended March 31, 2009, the Bank paid brokerage/fees to its subsidiaries amounting to Rs. 627.0 million
(March 31, 2008: Rs. 950.7 million) and to its associates/joint ventures/other related entities amounting to Rs. 2,151.2
million (March 31, 2008: Rs. 2,354.7 million). The material transactions for the year ended March 31, 2009 were with
ICICI Home Finance Company Limited for Rs. 438.7 million (March 31, 2008: Rs. 621.3 million), Loyalty Solutions &
Research Limited for Rs. 673.6 million (March 31, 2008: Rs. 23.3 million), I-Process Services (India) Private Limited for Rs.
1,027.5 million (March 31, 2008: Rs. 1,029.0 million) and I-Solutions Providers (India) Private Limited for Rs. 227.2 million
(March 31, 2008: Rs. 932.1 million).
Custodial charges income
During the year ended March 31, 2009, the Bank received custodial charges from its subsidiaries amounting to
Rs. 11.4 million (March 31, 2008: Rs. 16.3 million) and from its associates/joint ventures/other related entities amounting to
forming part of the Accounts (Contd.)
schedules