ICICI Bank 2010 Annual Report Download - page 151

F71
schedules
forming part of the Consolidated Accounts (Contd.)
SCHEDULE 19
NOTES FORMING PART OF THE ACCOUNTS
The following additional disclosures have been made taking into account the requirements of accounting standards and RBI
guidelines in this regard.
1. Earnings per share (EPS)
The following table sets forth, for the periods indicated, computation of earnings per share.
Rupees in million, except per share data
Year ended
March 31, 2010 Year ended March 31, 2009
Basic
Weighted average no. of equity shares outstanding................... 1,113,737,557 1,113,129,213
Net profit ...................................................................................... 46,702.9 35,769.5
Basic earnings per share (Rs.) .................................................... 41.93 32.13
Diluted
Weighted average no. of equity shares outstanding................... 1,118,224,665 1,115,328,034
Net profit ...................................................................................... 46,649.4 35,763.5
Diluted earnings per share (Rs.) .................................................. 41.72 32.07
Face value per share (Rs.) ............................................................ 10.00 10.00
The dilutive impact is mainly due to options granted to employees by the Group.
2. Related party transactions
The Group has transactions with its related parties comprising associates/other related entities and key management
personnel and their relatives.
Associates/other related entities
Financial Information Network & Operations Limited, I-Process Services (India) Private Limited, I-Solutions Providers (India)
Private Limited, NIIT Institute of Finance Banking and Insurance Training Limited, ICICI Venture Value Fund (upto March 31,
2009), Comm Trade Services Limited, Contests2win.com India Private Limited (upto March 31, 2009), Crossdomain Solutions
Private Limited (upto March 31, 2009), Transafe Services Limited (upto March 31, 2009), Prize Petroleum Company Limited,
ICICI Foundation for Inclusive Growth, Rainbow Fund1, Firstsource Solutions Limited (upto December 31, 2009) and ICICI
Merchant Services Private Limited1.
1. For entities that have been identified as related parties during the year ended March 31, 2010, previous year’s comparative figures
have not been reported.
Key management personnel
Mr. K. V. Kamath1, Ms. Chanda D. Kochhar, Mr. Sandeep Bakhshi2, Mr. N. S. Kannan2, Mr. K. Ramkumar3, Mr. Sonjoy
Chatterjee, Mr. V. Vaidyanathan1, Ms. Madhabi Puri Buch4.
Relatives of key management personnel
Ms. Rajalakshmi Kamath1, Mr. Ajay Kamath1, Ms. Ajnya Pai1, Mr. Mohan Kamath1, Mr. Deepak Kochhar, Mr. Arjun Kochhar,
Ms. Aarti Kochhar, Mr. Mahesh Advani, Ms. Varuna Karna, Ms. Sunita R. Advani, Ms. Mona Bakhshi2, Mr. Sameer Bakhshi2,
Ms. Rangarajan Kumudalakshmi2, Ms. Aditi Kannan2, Mr. Narayanan Raghunathan2, Mr. Narayanan Rangarajan2, Mr. Narayanan
Krishnamachari2, Ms. Narayanan Sudha2, Mr. R. Shyam3, Ms. R. Suchithra3, Ms. J. Krishnaswamy3, Mr. K. Jayakumar3,
Ms. Ameeta Chatterjee, Mr. Somnath Chatterjee, Mr. Tarak Nath Chatterjee, Ms. Sunaina Chatterjee, Ms. Nandini Chatterjee,
Ms. Jeyashree V.1, Mr. V. Satyamurthy1, Mr. V. Krishnamurthy1, Mr. K. Vembu1, Mr. Dhaval Buch4, Mr. Kamal Puri4,
Ms. Rama Puri4.
1. Transactions reported upto April 30, 2009.
2. Transactions reported with effect from May 1, 2009.
3. Transactions reported with effect from February 1, 2009.
4. Transactions reported upto January 31, 2009.
The following were the significant transactions between the Group and its related parties for the year ended March 31,
2010. A specific related party transaction is disclosed as a material related party transaction wherever it exceeds 10% of
all related party transactions in that category.
Insurance services
During the year ended March 31, 2010, the Group received insurance premium from associates/other related entities
amounting to Rs. 52.5 million (March 31, 2009: Rs. 207.0 million), from key management personnel of the Bank amounting
to Rs. 0.1 million (March 31, 2009: Rs. 0.3 million) and from relatives of key management personnel amounting to
Rs. 0.3 million (March 31, 2009: Nil). The material transaction for the year ended March 31, 2010 was with Firstsource
Solutions Limited amounting to Rs. 46.7 million (March 31, 2009: Rs. 196.0 million).