ICICI Bank 2012 Annual Report Download - page 121

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Lease of premises, common corporate and facilities expenses
During the year ended March 31, 2012, the Bank recovered from its subsidiaries an amount of ` 1,112.1 million
(March 31, 2011: ` 1,080.2 million) and from its associates/joint ventures/other related entities an amount of ` 38.4
million (March 31, 2011: ` 87.5 million) for lease of premises, common corporate and facilities expenses. The material
transactions for the year ended March 31, 2012 were with ICICI Securities Limited amounting to ` 272.0 million
(March 31, 2011: ` 234.5 million), ICICI Home Finance Company Limited amounting to ` 258.6 million (March 31, 2011:
` 241.1 million), ICICI Prudential Life Insurance Company Limited amounting to ` 162.6 million (March 31, 2011: ` 208.0
million), ICICI Lombard General Insurance Company Limited amounting to ` 138.4 million (March 31, 2011: ` 178.1
million) and with ICICI Bank UK PLC amounting to ` 125.1 million (March 31, 2011: ` 84.9 million).
Secondment of employees
During the year ended March 31, 2012, the Bank recovered towards deputation of employees from its subsidiaries an
amount of ` 37.9 million (March 31, 2011: ` 29.1 million) and from its associates/joint ventures/other related entities an
amount of ` 7.0 million (March 31, 2011: ` 40.0 million). The material transactions for the year ended March 31, 2012 were
with ICICI Investment Management Company Limited amounting to ` 28.2 million (March 31, 2011: ` 19.5 million), ICICI
Securities Limited amounting to ` 11.4 million (March 31, 2011: ` 12.1 million), I-Process Services (India) Private Limited
amounting to ` 7.0 million (March 31, 2011: ` 3.8 million), ICICI Merchant Services Private Limited amounting to Nil (March
31, 2011: ` 24.4 million) and with ICICI West Bengal Infrastructure Development Corporation Limited amounting to Nil
(March 31, 2011: ` 7.3 million).
Purchase of investments
During the year ended March 31, 2012, the Bank purchased certain investments from its subsidiaries amounting to
` 5,757.0 million (March 31, 2011: ` 4,200.0 million). The material transactions for the year ended March 31, 2012 were
with ICICI Securities Primary Dealership Limited amounting to ` 3,927.5 million (March 31, 2011: ` 2,109.6 million) and
with ICICI Prudential Life Insurance Company Limited amounting to ` 1,675.4 million (March 31, 2011: ` 1,991.4 million).
During the year ended March 31, 2012, the Bank invested in equity warrants of Financial Inclusion Network & Operations
Limited amounting to ` 40.0 million (March 31, 2011: Nil) and in the equity shares of ICICI Lombard General Insurance
Company Limited amounting to Nil (March 31, 2011: ` 2,516.0 million).
Sale of investments
During the year ended March 31, 2012, the Bank sold certain investments to its subsidiaries amounting to ` 9,532.7
million (March 31, 2011: ` 12,013.8 million) and to its associates/joint ventures/other related entities amounting to ` 48.7
million (March 31, 2011: Nil). The material transactions for the year ended March 31, 2012 were with ICICI Prudential Life
Insurance Company Limited amounting to ` 5,097.7 million (March 31, 2011: ` 3,074.9 million), ICICI Securities Primary
Dealership Limited amounting to ` 2,783.6 million (March 31, 2011: ` 8,528.8 million) and with ICICI Lombard General
Insurance Company Limited amounting to ` 1,560.3 million (March 31, 2011: ` 400.9 million).
Investment in Certificate of Deposits (CDs) issued by ICICI Bank
During the year ended March 31, 2012, subsidiaries have invested in CDs issued by the Bank amounting to ` 4,622.5
million (March 31, 2011: ` 4,820.9 million). The material transactions for the year ended March 31, 2012 were with ICICI
Prudential Life Insurance Company Limited amounting to ` 3,165.6 million (March 31, 2011: ` 4,365.4 million) and with
ICICI Securities Primary Dealership Limited amounting to ` 1,002.5 million (March 31, 2011: Nil)
Redemption/buyback of investments
During the year ended March 31, 2012, the Bank received a consideration from its associates/joint ventures/other related
entities amounting to ` 1,396.8 (March 31, 2011: ` 1,929.3 million) on account of redemption/buyback/distribution of gain/
loss on units/equity shares by associates/joint ventures/other related entities. The material transactions for the year ended
March 31, 2012 were with ICICI Emerging Sectors Fund amounting to ` 1,396.8 (March 31, 2011: ` 389.2 million), ICICI
Equity Fund amounting to Nil (March 31, 2011: ` 1,336.9 million) and with ICICI Eco-net Internet and Technology Fund
amounting to Nil (March 31, 2011: ` 203.2 million).
Reimbursement of expenses to subsidiaries
During the year ended March 31, 2012, the Bank reimbursed expenses to its subsidiaries amounting to ` 40.6 million
(March 31, 2011: ` 31.7 million). The material transactions for the year ended March 31, 2012 were with ICICI Bank UK
PLC amounting to ` 33.9 million (March 31, 2011: ` 31.4 million) and with ICICI Bank Canada amounting to ` 6.7 million
(March 31, 2011: ` 0.3 million)
Reimbursement of expenses to the Bank
During the year ended March 31, 2012, subsidiaries reimbursed expenses to the Bank amounting to ` 19.0 million
(March 31, 2011: ` 45.5 million). The material transactions for the year ended March 31, 2012 were with ICICI Bank UK
PLC amounting to ` 13.4 million (March 31, 2011: ` 40.3 million) and with ICICI Bank Canada amounting to ` 5.4 million
(March 31, 2011: ` 5.2 million).
forming part of the Accounts (Contd.)
schedules