ICICI Bank 2012 Annual Report Download - page 158

F80
forming part of the Consolidated Accounts (Contd.)
schedules
The following table sets forth, for the periods indicated, a summary of the status of the stock option plan of ICICI
Lombard General Insurance Company.
`, except number of options
Stock options outstanding
Year ended March 31, 2012 Year ended March 31, 2011
Particulars
Number
of shares
Weighted
average
exercise price
Number
of shares
Weighted
average
exercise price
Outstanding at the beginning of the year ...................... 13,644,522 98.72 13,345,912 94.55
Add: Granted during the year .......................................... 722,900 109.00 2,311,800 114.00
Less: Forfeited/lapsed during the year ............................ 1,100,770 134.13 1,132,190 126.62
Less: Exercised during the year ...................................... 817,390 47.23 881,000 43.17
Outstanding at the end of the year .................................. 12,449,262 99.33 13,644,522 98.72
Options exercisable .......................................................... 8,713,800 87.23 7,576,580 75.09
The following table sets forth, summary of stock options outstanding of ICICI Lombard General Insurance Company at
March 31, 2012.
Range of exercise price
(` per share)
Number of shares
arising out of options
(Number of shares)
Weighted average
exercise price (` per
share)
Weighted average
remaining
contractual life
(Number of years)
35-200 12,449,262 99.33 6.78
If the Group had used the fair value of options based on the binomial tree model, the compensation cost for the year
ended March 31, 2012 would have been higher by ` 1,891.9 million (March 31, 2011: ` 1,022.6 million) and the proforma
consolidated profit after tax would have been ` 74.54 billion (March 31, 2011: ` 59.91 billion). On a proforma basis, the
Group’s basic earnings per share would have been ` 64.68 (March 31, 2011: ` 52.65) and diluted earnings per share
would have been ` 64.42 (March 31, 2011: ` 52.35).
4. Fixed assets
The following table sets forth, for the periods indicated, the movement in software acquired by the Group, as included
in fixed assets.
` in million
Particulars At
March 31, 2012
At
March 31, 2011
At cost at March 31 of preceding year ................................................................. 8,994.9 8,014.6
Additions during the year ..................................................................................... 1,206.3 1,185.5
Deductions during the year .................................................................................. (34.7) (205.2)
Depreciation to date .............................................................................................. (7,709.6) (6,245.3)
Net block ............................................................................................................... 2,456.9 2,749.6
5. Assets on lease
5.1 Assets taken under operating lease
The following table sets forth, for the periods indicated, the details of future rentals payable on operating leases.
` in million
Particulars At
March 31, 2012
At
March 31, 2011
Not later than one year ......................................................................................... 916.9 1,437.1
Later than one year and not later than five years ................................................ 2,359.0 3,733.4
Later than five years .............................................................................................. 487.5 1,265.2
Total ....................................................................................................................... 3,763.4 6,435.7