ICICI Bank 2010 Annual Report Download - page 105

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F25
In addition to the above, the Bank has also issued letters of comfort in the nature of letters of awareness on behalf of
banking and non-banking subsidiaries in respect of their borrowings made or proposed to be made and for other incidental
business purposes. As they are in the nature of factual statements or confirmation of facts, they do not create any financial
impact or financial obligations for the Bank.
The letters of comfort that are outstanding at March 31, 2010 pertain to facilities aggregating equivalent to
Rs. 76,408.0 million (March 31, 2009: Rs. 191,583.1 million) as availed of by such subsidiaries. Additionally, the repayments
of facilities pertaining to which such letters were issued, aggregate to Rs. 32,157.6 million and letters that were withdrawn
during the year ended March 31, 2010 pertained to facilities aggregating to Rs. 153,500.0 million. The letters as re-issued
pertain to facilities aggregating to Rs. 71,210.0 million availed of by such subsidiaries.
As advised by RBI, the Bank has also provided additional capital of Rs. 3,312.4 million on the letters of comfort that are in
the nature of letters of awareness issued on behalf of its subsidiaries for their borrowing programmes.
Related party balances
The following table sets forth, the balance payable to/receivable from subsidiaries/joint ventures/associates/other related
entities/key management personnel and relatives of key management personnel at March 31, 2010.
Rupees in million
Items/Related party Subsidiaries Associates/joint
ventures/other
related entities
Key
Management
Personnel
Relatives of Key
Management
Personnel Total
Deposits with ICICI Bank ..................... 15,564.7 357.2 32.9 15.8 15,970.6
Deposits by ICICI Bank ....................... 17.6 — — — 17.6
Call/term money lent ............................ 4,041.0 — — — 4,041.0
Call/term money borrowed .................. 2,245.0 — — — 2,245.0
Advances .............................................. 13,724.0 42.5 6.7 8.1 13,781.3
Investments by ICICI Bank ................... 132,687.9 10,358.1 — — 143,046.0
Investments by related parties in
ICICI Bank ............................................. 1,121.0 — 3.6 — 1,124.6
Receivables .......................................... 1,784.7 286.2 — — 2,070.9
Payables ............................................... 859.7 341.1 — — 1,200.8
Guarantees/lines of credit .................... 1,029.0 0.1 — — 1,029.1
Swaps/forward contracts
(notional amount) ................................. 261,038.4 — — — 261,038.4
Employee stock options outstanding
(numbers) ............................................. — — 1,254,250 — 1,254,250
Employee stock options exercised1 ..... — — 46.3 — 46.3
1. During the year ended March 31, 2010, 121,875 employee stock options were exercised.
The following table sets forth, the maximum balance payable to/receivable from subsidiaries/joint ventures/associates/
other related entities/key management personnel and relatives of key management personnel during year ended
March 31, 2010.
Rupees in million
Items/Related party Subsidiaries Associates/joint
ventures/other
related entities
Key
Management
Personnel
Relatives of Key
Management
Personnel Total
Deposits with ICICI Bank ..................... 16,899.9 734.2 60.2 23.2 17,717.5
Deposits by ICICI Bank ........................ 1,589.9 — — — 1,589.9
Call/term money lent ............................ 11,291.6 — — — 11,291.6
Call/term money borrowed .................. 7,079.7 — — — 7,079.7
Advances ............................................. 19,494.4 208.3 26.1 12.2 19,741.0
Investments by ICICI Bank ................... 132,687.9 12,159.2 — — 144,847.1
Investments by related parties in
ICICI Bank ............................................. 2,043.01— 9.1 0.3 2,052.4
Receivables .......................................... 4,737.0 464.01— — 5,201.0
Payables ............................................... 1,850.81341.11— — 2,191.9
Guarantees/lines of credit ................... 4,226.5 2,390.0 — — 6,616.5
Swaps/forward contracts
(notional amount) ................................. 647,121.7 3,878.9 — — 651,000.6
1. Maximum balances are determined based on comparison of the total outstanding balances at each quarter end during the financial
year.
schedules
forming part of the Accounts (Contd.)