ICICI Bank 2012 Annual Report Download - page 128

F50
Statement pursuant to Section 212 of the Companies Act, 1956, relating to subsidiary companies
section 212
Sr.
No. Name of the subsidiary company Financial year of the
subsidiary ended on
No. of equity shares held by ICICI Bank and/or its nominees in
the subsidiary at March 31, 2012
Extent of
interest of
ICICI Bank
in capital of
subsidiary
Net aggregate amount of profits/
(losses) of the subsidiary so far as it
concerns the members of ICICI Bank
and is not dealt with in the accounts
of ICICI Bank1
Net aggregate amount of profits/
(losses) of the subsidiary so far as
it concerns the members of ICICI
Bank dealt with or provided for in
the accounts of ICICI Bank2
` in '000s ` in '000s
For the financial
year ended
March 31, 2012
For the previous
financial years
of the subsidiary
since it became
a subsidiary
For the
financial
year ended
March 31,
2012
For the previous
financial years
of the subsidiary
since it became a
subsidiary
1 ICICI Securities Primary Dealership Limited March 31, 2012 15,634 equity shares of ` 100,000 each fully paid up 100.0% 419,068 6,751,833 437,752 7,400,293
2 ICICI Securities Limited March 31, 2012 805,353,500 equity shares of ` 2 each, fully paid up 100.0% 251,199 1,513,941 520,097 3,646,540
3 ICICI Securities Holdings Inc.3 March 31, 2012 16,640,000 common stock of USD 1 each fully paid up held by
ICICI Securities Limited
- 69 (143,961) Nil Nil
4 ICICI Securities Inc.3 March 31, 2012 12,380,000 common stock of USD 1 each fully paid up held by
ICICI Securities Holdings Inc.
- 8,475 (524,312) Nil 15,635
5 ICICI Venture Funds Management Company Limited March 31, 2012 1,000,000 equity shares of ` 10 each fully paid up 100.0% 533,600 1,996,259 150,000 4,160,979
6 ICICI International Limited4March 31, 2012 90,000 ordinary shares of USD 10 each fully paid up 100.0% (4,411) 41,349 Nil 15,782
7 ICICI Home Finance Company Limited March 31, 2012 1,098,750,000 equity shares of ` 10 each fully paid up 100.0% 882,481 3,024,294 1,714,050 4,353,258
8 ICICI Trusteeship Services Limited March 31, 2012 50,000 equity shares of ` 10 each fully paid up 100.0% 338 2,761 Nil Nil
9 ICICI Investment Management Company Limited March 31, 2012 10,000,700 equity shares of ` 10 each fully paid up 100.0% 17,156 26,303 Nil Nil
10 ICICI Prudential Life Insurance Company Limited March 31, 2012 1,055,310,907 equity shares of ` 10 each fully paid up 73.9% 7,902,252 (19,451,256) 2,321,255 Nil
11 ICICI Lombard General Insurance Company Limited March 31, 2012 320,635,518 equity shares of ` 10 each fully paid up 73.4% (3,057,522) 705,763 Nil 2,117,208
12 ICICI Bank UK PLC4March 31, 2012 545,000,000 ordinary shares of USD 1 each and 50,002 ordinary
shares of 1 GBP each
100.0% 60,634 6,997,164 1,156,337 723,143
13 ICICI Bank Canada5, 8 December 31, 2011 839,500,000 common shares of Canadian Dollar (CAD) 1 each 100.0% 1,414,023 2,270,933 286,984 575,377
14 ICICI Bank Eurasia Limited Liability Company#,6,8 December 31, 2011 Not Applicable # 100.0% (228,605) 438,556 425,517 Nil
15 ICICI Prudential Asset Management Company Limited March 31, 2012 9,002,573 equity shares of ` 10 each, fully paid up 51.0% 156,548 676,856 292,583 1,139,446
16 ICICI Prudential Trust Limited March 31, 2012 51,157 equity shares of ` 10 each, fully paid up 50.8% (157) 2,142 1,023 2,199
17 ICICI Prudential Pension Funds Management Company
Limited7
March 31, 2012 11,000,000 equity shares of ` 10 each, fully paid up held by
ICICI Prudential Life Insurance Company Limited
- (329) (139) Nil Nil
# The shares in the authorised capital of ICICI Bank Eurasia Limited Liability Company are registered without issue of equity shares due to the legal form of the subsidiary.
1. The above companies (other than ICICI Bank UK PLC, ICICI Bank Canada, ICICI Bank Eurasia Limited Liability Company, ICICI Prudential Asset Management Company Limited, ICICI Prudential Trust Limited and ICICI Prudential Pension Funds
Management Company Limited) which were subsidiaries of erstwhile ICICI Limited have become subsidiaries of the Bank consequent to the merger of erstwhile ICICI Limited with ICICI Bank.
2. The amount received by erstwhile ICICI Limited upto March 29, 2002 as dividend has also been included in the reserves of ICICI Bank.
3. ICICI Securities Holdings Inc. is a wholly owned subsidiary of ICICI Securities Limited. ICICI Securities Inc. is a wholly owned subsidiary of ICICI Securities Holdings Inc.
4. The profits of ICICI Bank UK PLC and ICICI International Limited for the year ended March 31, 2012 have been translated into Indian Rupees at the rate of 1 USD = ` 47.9310.
5. The profits of ICICI Bank Canada for the year ended December 31, 2011 have been translated into Indian Rupees at the rate of 1 CAD = ` 47.6006.
6. The profits of ICICI Bank Eurasia Limited Liability Company for the year ended December 31, 2011 have been translated into Indian Rupees at the rate of 1 RUB = ` 1.6032.
7. ICICI Prudential Pension Funds Management Company Limited, a wholly owned subsidiary of ICICI Prudential Life Insurance Company Limited, was incorporated on April 22, 2009.
8. The information furnished for ICICI Bank Canada and ICICI Bank Eurasia Limited Liability Company is for the period January 1, 2011 to December 31, 2011, being their financial year.
The key financial parameters of the following companies at March 31, 2012 and their movement from December 31, 2011 are given below.
` in ‘000s
Particulars ICICI Bank CanadabICICI Bank Eurasia Limited Liability Companyc
At March 31, 2012 At December 31, 2011 Movement At March 31, 2012 At December 31, 2011 Movement
Fixed assets 90,189 101,754 (11,565) 48,520 52,352 (3,832)
Investments 54,105,651 59,274,040 (5,168,389) 881,090 840,137 40,954
Advances 201,762,384 209,261,417 (7,499,033) 10,379,087 8,829,992 1,549,095
Borrowingsa 66,916,508 63,247,134 3,669,374 8,790,145 9,235,802 (445,657)
a. Since it is not possible to identify the amount borrowed to meet the current liabilities, the amount shown above represents the total borrowings. The borrowings include subordinate debts and exclude preferred shares.
b. The financial parameters of ICICI Bank Canada have been translated into Indian Rupees at 1 CAD = ` 51.0425 at March 31, 2012 and 1 CAD = ` 51.9950 at December 31, 2011.
c. The financial parameters of ICICI Bank Eurasia Limited Liability Company have been translated into Indian Rupees at 1 RUB =` 1.76333 at March 31, 2012 and 1 RUB = ` 1.68465 at December 31, 2011.
For and on behalf of the Board of Directors
K. V. KAMATH SRIDAR IYENGAR CHANDA KOCHHAR
Chairman Director Managing Director & CEO
N. S. KANNAN K. RAMKUMAR RAJIV SABHARWAL
Executive Director & CFO Executive Director Executive Director
Place: Mumbai SANDEEP BATRA RAKESH JHA
Date : April 27, 2012 Group Compliance Officer & Deputy Chief
Company Secretary Financial Officer