ICICI Bank 2009 Annual Report Download - page 97

F23
Rs. 3.3 million (March 31, 2008: Rs. 6.8 million). The material transactions for the year ended March 31, 2009 were with
ICICI Securities Primary Dealership Limited for Rs. 7.6 million (March 31, 2008: Rs. 12.1 million), ICICI Lombard General
Insurance Company Limited for Rs. 3.8 million (March 31, 2008: Rs. 4.0 million) and ICICI Emerging Sectors Fund for
Rs. 1.0 million (March 31, 2008: Rs. 3.1 million).
Interest expenses
During the year ended March 31, 2009, the Bank paid interest to its subsidiaries amounting to Rs. 1,592.6 million
(March 31, 2008: Rs. 3,311.9 million) to its associates/joint ventures/other related entities amounting to Rs. 21.8 million
(March 31, 2008: Rs. 28.2 million) to its key management personnel amounting to Rs. 2.3 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 ICICI Securities Limited for Rs. 171.4 million (March 31, 2008: Rs. 72.1 million), ICICI Bank UK PLC for Rs. 98.9 million
(March 31, 2008: Rs. 1,804.5 million), ICICI Bank Canada for Rs. 660.1 million (March 31, 2008: Rs. 834.2 million) and
ICICI Prudential Life Insurance Company Limited for Rs. 427.7 million (March 31, 2008: Rs. 348.6 million).
Interest income
During the year ended March 31, 2009, the Bank received interest from its subsidiaries amounting to Rs. 9,006.7 million
(March 31, 2008: Rs. 1,575.3 million), from its associates/joint ventures/other related entities amounting to Rs. 5.3 million
(March 31, 2008: Rs. 21.0 million), from its key management personnel 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 ICICI Securities Primary Dealership Limited for Rs. 1,544.8 million (March 31, 2008: Rs. 342.8
million), ICICI Home Finance Company Limited for Rs. 522.8 million (March 31, 2008: Rs. 273.0 million), ICICI Bank Eurasia
Limited Liability Company for Rs. 547.1 million (March 31, 2008: Rs. 611.9 million), ICICI Bank UK PLC for Rs. 1,443.8 million
(March 31, 2008: Rs. 105.3 million) and ICICI Bank Canada for Rs. 4,834.7 million (March 31, 2008: Rs. 86.2 million).
Other income
During the year ended March 31, 2009, the net gain/(loss) on derivative transactions entered into with subsidiaries amounted
to Rs. 9,239.3 million (March 31, 2008: net gain of Rs. 4,398.0 million) and with its associates/joint ventures/other related
entities amounted to Rs. 9.9 million (March 31, 2008: Rs. Nil). The material transactions for the year ended March 31,
2009 were with ICICI Bank UK PLC for Rs. 1,175.3 million (March 31, 2008: Rs. 4,677.0 million) and ICICI Bank Canada for
Rs. 7,861.4 million (March 31, 2008: Rs. 401.5 million).
Dividend income
During the year ended March 31, 2009, the Bank received dividend from its subsidiaries amounting to Rs. 3,348.2 million
(March 31, 2008: Rs. 3,636.6 million) and from its associates/joint ventures/other related entities amounting to Rs. Nil
(March 31, 2008: Rs. 8,931.4 million). The material transactions for the year ended March 31, 2009 were with ICICI Securities
Primary Dealership Limited for Rs. 1,300.5 million (March 31, 2008: Rs. 729.5 million), ICICI Venture Funds Management
Company Limited for Rs. 950.0 million (March 31, 2008: Rs. 725.0 million), ICICI Home Finance Company Limited for
Rs. 740.6 million (March 31, 2008: Rs. 431.3 million) and ICICI Emerging Sectors Fund for Rs. Nil (March 31, 2008:
Rs. 7,725.7 million).
Dividend paid
During the year ended March 31, 2009, the Bank paid dividend to its key management personnel amounting to Rs. 10.2
million (March 31, 2008: Rs. 15.0 million). The material transactions for the year ended March 31, 2009 were with K. V.
Kamath for Rs. 5.4 million (March 31, 2008: Rs. 6.2 million), Chanda D. Kochhar for Rs. 3.0 million (March 31, 2008: Rs. 2.8
million), Madhabi Puri Buch for Rs. 1.1 million (March 31, 2008: Rs. 1.2 million) and Kalpana Morparia for Rs. Nil (March 31,
2008: Rs. 4.3 million).
Remuneration to whole-time directors
During the year ended March 31, 2009, the Bank paid remuneration to the whole-time directors of the Bank amounting to
Rs. 91.7 million (March 31, 2008: Rs. 90.3 million). The material transactions for the year ended March 31, 2009 were with
K. V. Kamath for Rs. 30.8 million (March 31, 2008: Rs. 27.9 million), Madhabi Puri Buch for Rs. 13.5 million (March 31, 2008:
Rs. 10.0 million), Chanda D. Kochhar for Rs. 18.4 million (March 31, 2008: Rs. 15.6 million), Kalpana Morparia for Rs. Nil
(March 31, 2008: Rs. 9.7 million), Nachiket Mor for Rs. Nil (March 31, 2008: Rs. 10.0 million), V. Vaidyanathan for Rs. 14.4
million (March 31, 2008: Rs. 13.4 million) and Sonjoy Chatterjee for Rs. 13.0 million (March 31, 2008: Rs. 3.7 million).
Lines of credit
As on March 31, 2009, the Bank had issued lines of credit to its subsidiaries amounting to Rs. 1,601.5 million (March 31,
2008: Rs. 1,003.0 million). The material transactions for the year ended March 31, 2009 were with ICICI Securities Limited
for Rs. 333.5 million (March 31, 2008: Rs. Nil) and ICICI Bank Canada for Rs. 1,268.0 million (March 31, 2008: Rs. 1,003.0
million).
Sale of fixed assets
During the year ended March 31, 2009, the Bank sold fixed assets to its subsidiaries amounting to Rs. 65.3 million (March
31, 2008: Rs. 151.8 million). The material transactions for the year ended March 31, 2009 were with ICICI Home Finance
Company Limited for Rs. 58.3 million (March 31, 2008: Rs. Nil), ICICI Securities Limited for Rs. 5.9 million (March 31, 2008:
Rs. 99.3 million), ICICI Prudential Life Insurance Company Limited for Rs. 1.1 million (March 31, 2008: Rs. 24.2 million) and
ICICI Lombard General Insurance Company Limited for Rs. Nil (March 31, 2008: Rs. 28.3 million).
forming part of the Accounts (Contd.)
schedules