ICICI Bank 2012 Annual Report Download - page 154

F76
forming part of the Consolidated Accounts (Contd.)
schedules
Interest income
During the year ended March 31, 2012, the Group received interest from its associates/other related entities amounting
to ` 51.6 million (March 31, 2011: ` 7.0 million), from its key management personnel amounting to ` 0.5 million (March
31, 2011: ` 0.4 million) and from relatives of key management personnel amounting to ` 0.7 million (March 31, 2011:
` 0.7 million). The material transactions for the year ended March 31, 2012 were with ICICI Merchant Services Private
Limited amounting to ` 48.0 million (March 31, 2011: Nil) and with Financial Inclusion Network & Operations Limited
amounting to ` 3.5 million (March 31, 2011: ` 7.0 million).
Dividend paid
During the year ended March 31, 2012, the Bank paid dividend to its key management personnel amounting to ` 4.5
million (March 31, 2011: ` 4.2 million). The dividend paid during the year ended March 31, 2012 to Ms. Chanda Kochhar
was ` 3.8 million (March 31, 2011: ` 3.2 million) and to Mr. N. S. Kannan was ` 0.7 million (March 31, 2011: ` 1.0 million).
The dividend paid for the year ended March 31, 2011 to Mr. Sandeep Bakhshi was ` 0.04 million.
Remuneration to whole-time directors
Remuneration paid to the whole-time directors of the Bank during the year ended March 31, 2012 was ` 111.3 million
(March 31, 2011: ` 79.6 million). The remuneration paid for the year ended March 31, 2012 to Ms. Chanda Kochhar was
` 37.7 million (March 31, 2011: ` 25.2 million), to Mr. K. Ramkumar was ` 25.4 million (March 31, 2011: ` 17.6 million),
to Mr. N. S. Kannan was ` 25.0 million (March 31, 2011: ` 15.8 million) and to Mr. Rajiv Sabharwal was ` 23.2 million
(March 31, 2011: ` 9.0 million). The remuneration paid for the year ended March 31, 2011 to Mr. Sandeep Bakhshi was
` 7.7 million and to Mr. Sonjoy Chatterjee was ` 4.3 million.
Sale of fixed assets
During the year ended March 31, 2012, the Group sold fixed assets to its associates/other related entities amounting to
Nil (March 31, 2011: ` 2.8 million). The material transaction for the year ended March 31, 2012 was with ICICI Merchant
Services Private Limited amounting to Nil (March 31, 2011: ` 2.8 million).
Donation
During the year ended March 31, 2012, the Group has given donation to ICICI Foundation for Inclusive Growth amounting
to ` 259.0 million (March 31, 2011: ` 97.0 million).
Related party balances
The following table sets forth, for the periods indicated, the balance payable to/receivable from its associates/other
related entities.
` in million
Items At
March 31, 2012
At
March 31, 2011
Deposits with the Group .................................................................................... 2,011.1 1,561.7
Advances ............................................................................................................ 1,004.8 44.3
Investments of the Group in related parties ..................................................... 955.0 965.2
Investments of related parties in the Group ..................................................... 15.0 15.0
Receivables1 ....................................................................................................... —187.9
Payables1 ............................................................................................................. 264.7 139.0
Guarantees issued by the Group ....................................................................... 0.1 0.1
1. Excludes mark-to-market on outstanding derivative transactions.
The following table sets forth, for the periods indicated, the balance payable to/receivable from key management
personnel:
` in million, except number of shares
Items At
March 31, 2012
At
March 31, 2011
Deposits .............................................................................................................. 41.0 35.8
Advances ............................................................................................................ 9.2 10.6
Investments ........................................................................................................ 4.1 3.5
Employee Stock Options Outstanding (Numbers) ........................................... 2,701,500 2,263,000
Employee Stock Options Exercised1 ................................................................. 0.9 —
1. During the year ended March 31, 2012, 86,500 employee stock options were exercised, which have been reported at face value.