ICICI Bank 2010 Annual Report Download - page 152

F72
schedules
forming part of the Consolidated Accounts (Contd.)
During the year ended March 31, 2010, the Group paid insurance claims to its associates/other related entities amounting
to Rs. 10.5 million (March 31, 2009: Rs. 164.8 million), to the key management personnel of the Bank amounting to
Rs. 0.3 million (March 31, 2009: Rs. 0.2 million) and to relatives of key management personnel amounting to Rs. 0.1 million
(March 31, 2009: Nil). The material transactions for the year ended March 31, 2010 were with Firstsource Solutions Limited
amounting to Rs. 8.2 million (March 31, 2009: Rs. 159.7 million) and with Financial Information Network and Operations
Limited amounting to Rs. 1.3 million (March 31, 2009: Rs. 1.9 million).
Fees and commission
During the year ended March 31, 2010, the Group received fees from its associates/other related entities amounting to
Rs. 3.0 million (March 31, 2009: Rs. 140.6 million), from key management personnel amounting to Rs. 0.2 million
(March 31, 2009: Rs. 0.6 million) and from relatives of key management personnel amounting to Rs. 0.1 million (March 31,
2009: Nil). The material transactions for the year ended March 31, 2010 were with Firstsource Solutions Limited amounting
to Rs. 2.2 million (March 31, 2009: Rs. 139.0 million), NIIT Institute of Finance Banking and Insurance Training Limited
amounting to Rs. 0.4 million (March 31, 2009: Rs. 0.8 million) and with Rainbow Fund amounting to Rs. 0.4 million.
During the year ended March 31, 2010, the Group received commission from its associates/other related entities amounting
to Rs. 15.4 million (March 31, 2009: Rs. 7.5 million). The material transaction for the year ended March 31, 2010 was with
Firstsource Solutions Limited amounting to Rs. 15.3 million (March 31, 2009: Rs. 7.2 million).
Lease of premises and facilities
During the year ended March 31, 2010, the Group received income from its associates/other related entities amounting
to Rs. 52.8 million (March 31, 2009: Rs. 31.8 million) for lease of premises, facilities and other administrative costs. The
material transactions for the year ended March 31, 2010 were with ICICI Merchant Services Private Limited amounting to
Rs. 32.0 million, Firstsource Solutions Limited amounting to Rs. 19.7 million (March 31, 2009: Rs. 26.3 million) and with
ICICI Foundation for Inclusive Growth amounting to Rs. 1.0 million (March 31, 2009: Rs. 5.3 million).
Secondment of employees
During the year ended March 31, 2010, the Group received compensation from its associates/other related entities amounting
to Rs. 27.0 million (March 31, 2009: Rs. 5.3 million) for secondment of employees. The material transactions for the year
ended March 31, 2010 were with ICICI Merchant Services Private Limited Rs. 22.5 million, I-Process Services (India) Private
Limited amounting to Rs. 3.0 million (March 31, 2009: Rs. 3.6 million), and with I-Solutions Providers (India) Private Limited
amounting to Rs. 1.5 million (March 31, 2009: Rs. 1.7 million).
Redemption/buyback and conversion of investments
During the year ended March 31, 2009, the Group received Rs. 58.5 million on account of buyback of equity shares by
Crossdomain Solutions Private Limited and Rs. 0.5 million on account of redemption of units by ICICI Venture Value
Fund.
Brokerage and fee expenses
During the year ended March 31, 2010, the Group paid fees to its associates/other related entities amounting to
Rs. 1,414.4 million (March 31, 2009: Rs. 1,790.7 million). The material transactions were with I-Process Services (India)
Private Limited amounting to Rs. 686.1 million (March 31, 2009: Rs. 1,027.5 million), Financial Information Network
and Operations Limited amounting to Rs. 345.5 million (March 31, 2009: Rs. 26.4 million), Firstsource Solutions
Limited amounting to Rs. 215.1 million (March 31, 2009: Rs. 419.6 million), I-Solutions Providers (India) Private Limited
amounting to Nil (March 31, 2009: Rs. 227.2 million) and with ICICI Merchant Services Private Limited amounting to
Rs. 169.6 million.
Purchase of investments
During the year ended March 31, 2010, the Group invested in equity/unit capital of its associates/other related
entities amounting to Rs. 765.3 million (March 31, 2009: Rs. 11.4 million). The material transactions were investment
in ICICI Merchant Services Private Limited amounting to Rs. 755.8 million and in the unit capital of ICICI Venture Value Fund
amounting to Nil (March 31, 2009: Rs. 11.4 million).
Interest expenses
During the year ended March 31, 2010, the Group paid interest to its associates/other related entities amounting to
Rs. 0.3 million (March 31, 2009: Rs. 19.3 million), to its key management personnel amounting to Rs. 2.5 million
(March 31, 2009: Rs. 2.5 million) and to relatives of key management personnel amounting to Rs. 1.2 million
(March 31, 2009: Rs. 1.3 million). The material transactions were with Mr. K. Ramkumar amounting to Rs. 1.7 million, with
Firstsource Solutions Limited amounting to Rs. 0.1 million (March 31, 2009: Rs. 10.4 million) and Crossdomain Solutions
Private Limited amounting to Nil (March 31, 2009: Rs. 8.7 million).
Interest income
During the year ended March 31, 2010, the Group received interest from its associates/other related entities amounting
to Rs. 93.3 million (March 31, 2009: Rs. 8.7 million), from its key management personnel amounting to Rs. 0.5 million
(March 31, 2009: Rs. 2.3 million) and from relatives of key management personnel amounting to Rs. 1.0 million (March 31, 2009:
Rs. 0.3 million). The material transactions were with Firstsource Solutions Limited amounting to Rs. 90.4 million (March
31, 2009: Rs. 1.5 million), Financial Information Network and Operations Limited amounting to Rs. 2.9 million (March 31,
2009: Rs. 3.6 million), Transafe Services Limited amounting to Nil (March 31, 2009: Rs. 3.6 million) and Mr. V. Vaidyanathan
amounting to Nil (March 31, 2009: Rs. 2.1 million).