ICICI Bank 2011 Annual Report Download - page 136

F58
forming part of the Consolidated Balance Sheet (Contd.) (` in ‘000s)
At
31.03.2011
At
31.03.2010
SCHEDULE 2 - RESERVES AND SURPLUS
I. Statutory reserve
Opening balance ........................................................................................... 58,863,807 48,793,807
Additions during the year
[includes ` 2,002.7 million (March 31, 2010: Nil) on amalgamation] .......... 14,882,712 10,070,000
Deductions during the year .......................................................................... — —
Closing balance ............................................................................................. 73,746,519 58,863,807
II. Special reserve
Opening balance ........................................................................................... 27,831,700 24,501,700
Additions during the year ............................................................................. 5,720,000 3,330,000
Deductions during the year .......................................................................... — —
Closing balance ............................................................................................. 33,551,700 27,831,700
III. Securities premium
Opening balance ........................................................................................... 313,801,906 313,165,969
Additions during the year1 ............................................................................ 1,617,958 635,937
Deductions during the year2 ......................................................................... 2,097,973 —
Closing balance ............................................................................................. 313,321,891 313,801,906
IV. Investment reserve account
Opening balance ........................................................................................... 1,160,000 —
Additions during the year ............................................................................. — 1,160,000
Deductions during the year3 ......................................................................... 1,160,000 —
Closing balance ............................................................................................. — 1,160,000
V. Unrealised investment reserve4
Opening balance ........................................................................................... (521,469) (3,498,090)
Additions during the year ............................................................................. 97,939 3,082,983
Deductions during the year .......................................................................... 1,114,187 106,362
Closing balance ............................................................................................. (1,537,717) (521,469)
VI. Capital reserve
Opening balance .......................................................................................... 20,875,357 16,456,602
Additions during the year5 ............................................................................ 832,500 4,588,195
Deductions during the year .......................................................................... — 169,440
Closing balance6 ............................................................................................ 21,707,857 20,875,357
VII. Foreign currency translation reserve
Opening balance ........................................................................................... 5,092,984 9,254,640
Additions during the year ............................................................................. 1,961,480 3,438,235
Deductions during the year .......................................................................... 708,577 7,599,891
Closing balance ............................................................................................. 6,345,887 5,092,984
VIII. Reserve fund
Opening balance ........................................................................................... 10,919 8,749
Additions during the year7 ............................................................................ 360 2,170
Deductions during the year .......................................................................... — —
Closing balance ............................................................................................. 11,279 10,919
IX. Revenue and other reserves
Opening balance - joint ventures.................................................................. (2,687) (2,687)
Opening balance - others ............................................................................. 57,817,185 42,590,034
Additions during the year - joint ventures ................................................... — —
Additions during the year - others ................................................................ 1,766,237 15,227,151
Deductions during the year - joint ventures ................................................ — —
Deductions during the year - others ............................................................ 5,301,941 —
Closing balance8,9 .......................................................................................... 54,278,794 57,814,498
X. Balance in profit and loss account - others .................................................. 40,081,420 16,889,517
XI. Balance in profit and loss account - joint ventures ...................................... (3,807) (3,111)
TOTAL RESERVES AND SURPLUS ..................................................................... 541,503,823 501,816,108
1. Includes ` 1,391.3 million (March 31, 2010: ` 568.3 million) on exercise of employee stock options.
2. Represents excess of paid up value of equity shares issued over the fair value of the net assets acquired and amalgamation expenses.
3. Represents the amount utilised for provision made during the year towards depreciation in investments in AFS and HFT categories.
4. Represents unrealised profit/(loss) pertaining to the investments of venture capital funds.
5. Includes profit on sale of investments in HTM category, net of taxes and transfer to Statutory Reserve. Also includes profit on sale of land and buildings,
net of taxes and transfer to Statutory Reserve, for the year ended March 31, 2011.
6. Includes capital reserve on consolidation amounting to ` 82.2 million (March 31, 2010: ` 82.2 million).
7. Represents appropriation of 5% of net profit by the Bank’s Sri Lanka branch to meet the requirements of Section 20 of Sri Lankan Banking Act No 30 of 1988.
8. Includes unrealised profit/(loss), net of tax, of ` (3,258.6) million [March 31, 2010: ` (4,313.8) million] pertaining to the investments in the available for
sale category of ICICI Bank UK PLC.
9. Includes restricted reserve of ` 6,222.3 million (March 31, 2010: ` 11,333.6 million) primarily relating to lapsed contracts of the life insurance subsidiary.
schedules