ICICI Bank 2010 Annual Report Download - page 134

F54
consolidated cash flow statement
for the year ended March 31, 2010
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. K. V. KAMATH CHANDA D. KOCHHAR SANDEEP BAKHSHI
Chartered Accountants Chairman Managing Director & CEO Deputy Managing Director
AKEEL MASTER N. S. KANNAN K. RAMKUMAR SONJOY CHATTERJEE
Partner Executive Director & CFO Executive Director Executive Director
Membership No.: 046768
Firm’s Registration No.: 101248W
SANDEEP BATRA RAKESH JHA
Place : Mumbai Group Compliance Officer & Deputy Chief
Date : April 24, 2010 Company Secretary Financial Officer
(Rs. in ‘000s)
Particulars Year ended
31.03.2010 Year ended
31.03.2009
Cash flow from operating activities
Net profit before taxes
.................................................................................................... 64,055,237 51,658,808
Adjustments for:
Depreciation and amortisation ........................................................................................ 9,085,111 10,034,785
Net (appreciation)/depreciation on investments............................................................. 4,526,200 17,990,288
Provision in respect of non-performing assets (including prudential provision on
standard assets) .............................................................................................................. 44,745,424 39,115,672
Provision for contingencies & others .............................................................................. 513,461 (303,901)
(Profit)/loss on sale of fixed assets ................................................................................. (821,610) (14,611)
122,103,823 118,481,041
Adjustments for:
(Increase)/decrease in investments ................................................................................ (216,921,819) (4,416,202)
(Increase)/decrease in advances ..................................................................................... 358,364,395 (185,733,697)
Increase/(decrease) in borrowings .................................................................................. (3,820,938) 41,331,233
Increase/(decrease) in deposits ...................................................................................... (202,834,572) (151,274,780)
(Increase)/decrease in other assets ................................................................................ 28,724,367 (39,234,654)
Increase/(decrease) in other liabilities and provisions .................................................... 229,307,649 16,998,654
192,819,082 (322,329,446)
(Payment)/refund of taxes (net) ....................................................................................... (19,414,369) (18,405,479)
Net cash flow from operating activities ...................................................................... (A) 295,508,536 (222,253,884)
Cash flow from investing activities
Purchase of fixed assets ................................................................................................. (6,654,131) (13,071,158)
Proceeds from sale of fixed assets ................................................................................ 3,374,730 897,114
(Purchase)/sale of held to maturity securities ................................................................ (152,852,224) 90,016,170
Acquisition of business by a subsidiary (net of cash acquired) ..................................... — (140,002)
Net cash generated from investing activities ............................................................. (B) (156,131,625) 77,702,124
Cash flow from financing activities
Proceeds from issue of share capital (including ESOPs) net of issue expense ............. 1,175,994 522,062
Net proceeds/(repayment) of bonds (including subordinated debt) .............................. (1,247,434) 44,144,641
Dividend and dividend tax paid ....................................................................................... (14,348,954) (14,229,374)
Net cash generated from financing activities.............................................................. (C) (14,420,394) 30,437,329
Effect of exchange fluctuation on translation reserve ................................................ (D) (4,129,160) 11,441,514
Net increase/(decrease) in cash and cash equivalents .............(A) + (B) + (C) + (D) 120,827,357 (102,672,917)
Cash and cash equivalents at April 1 ........................................................................... 350,613,856 453,286,773
Cash and cash equivalents at March 31 ...................................................................... 471,441,213 350,613,856