ICICI Bank 2010 Annual Report Download - page 84

F4
cash flow statement
for the year ended March 31, 2010 (Rs. in ‘000s)
PARTICULARS Year ended
31.03.2010 Year ended 31.03.2009
Cash flow from operating activities
Net profit before taxes ............................................................................... 53,453,218 51,169,693
Adjustments for:
Depreciation and amortisation ................................................................... 7,550,323 8,576,435
Net (appreciation)/depreciation on investments........................................ 6,242,755 13,371,083
Provision in respect of non-performing assets (including prudential
provision on standard assets) .................................................................... 43,621,629 37,500,259
Provision for contingencies & others ......................................................... 273,494 (395,005)
Income from subsidiaries, joint ventures and consolidated entities ......... (3,933,959) (3,636,999)
(Profit)/loss on sale of fixed assets ............................................................ (1,345,173) (175,113)
105,862,287 106,410,353
Adjustments for:
(Increase)/decrease in investments ........................................................... (243,844,179) 26,560,241
(Increase)/decrease in advances ................................................................ 327,300,630 34,618,121
Increase/(decrease) in borrowings ............................................................. (17,220,942) 32,785,480
Increase/(decrease) in deposits ................................................................. (163,312,277) (260,832,253)
(Increase)/decrease in other assets ........................................................... 54,586,538 (33,283,816)
Increase/(decrease) in other liabilities and provisions ............................... (28,694,588) (32,683,319)
(71,184,818) (232,835,546)
Refund/(payment) of direct taxes .............................................................. (15,985,360) (15,459,704)
Net cash generated from operating activities ........................................ (A) 18,692,109 (141,884,897)
Cash flow from investing activities
Investments in subsidiaries and/or joint ventures
(including application money) .................................................................... (1,113,156) (42,016,414)
Income from subsidiaries, joint ventures and consolidated entities ......... 3,933,959 3,636,999
Purchase of fixed assets ............................................................................ (5,101,617) (10,568,742)
Proceeds from sale of fixed assets ........................................................... 3,164,763 667,236
(Purchase)/sale of held to maturity securities ........................................... 60,623,375 86,859,726
Net cash generated from investing activities ........................................ (B) 61,507,324 38,578,805
Cash flow from financing activities
Proceeds from issue of share capital (including ESOPs) net of issue
expenses .................................................................................................... 610,429 452,464
Net proceeds/(repayment) of bonds (including subordinated debt) ......... 26,946,780 29,492,463
Dividend and dividend tax paid .................................................................. (13,731,041) (13,691,338)
Net cash generated from financing activities......................................... (C) 13,826,168 16,253,589
Effect of exchange fluctuation on translation reserve ........................... (D) (4,954,299) 6,306,853
Net increase/(decrease) in cash and cash equivalents .......................... (A)
+ (B) + (C) + (D) 89,071,302 (80,745,650)
Cash and cash equivalents at April 1 ...................................................... 299,665,638 380,411,288
Cash and cash equivalents at March 31 ................................................. 388,736,940 299,665,638
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
Firm’s Registration No.: 101248W
AKEEL MASTER N. S. KANNAN K. RAMKUMAR SONJOY CHATTERJEE
Partner Executive Director & CFO Executive Director Executive Director
Membership No.: 046768
SANDEEP BATRA RAKESH JHA
Place : Mumbai Group Compliance Officer & Deputy Chief
Date : April 24, 2010 Company Secretary Financial Officer