ICICI Bank 2013 Annual Report Download - page 120

F42
The following table sets forth, for the periods indicated, the break-up of deferred tax assets and liabilities into major items.
` in million
At
March 31, 2013
At
March 31, 2012
Deferred tax asset
Provision for bad and doubtful debts .................................................................. 27,146.3 27,348.8
Capital loss ............................................................................................................ 63.1 79.5
Others ................................................................................................................... 2,265.4 2,299.3
Total deferred tax asset ....................................................................................... 29,474.8 29,727.6
Deferred tax liability
Depreciation on fixed assets ................................................................................ 4,682.5 4,275.1
Total deferred tax liability ................................................................................... 4,682.5 4,275.1
Deferred tax asset/(liability) pertaining to foreign branches .............................. 0.7 0.7
Total net deferred tax asset/(liability) ................................................................ 24,793.0 25,453.2
38. Dividend distribution tax
For the purpose of computation of dividend distribution tax on the proposed dividend, the Bank has reduced the dividend
received from its Indian subsidiaries, on which dividend distribution tax has been paid by the subsidiaries as per the
provisions of Section 115-O of the Income Tax Act, 1961.
39. Related Party Transactions
The Bank has transactions with its related parties comprising subsidiaries, associates/joint ventures/other related entities,
key management personnel and relatives of key management personnel.
Subsidiaries
ICICI Bank UK PLC, ICICI Bank Canada, ICICI Bank Eurasia Limited Liability Company, ICICI Prudential Life Insurance
Company Limited1, ICICI Lombard General Insurance Company Limited1, ICICI Prudential Asset Management Company
Limited1, ICICI Securities Limited, ICICI Securities Primary Dealership Limited, ICICI Home Finance Company Limited,
ICICI Venture Funds Management Company Limited, ICICI International Limited, ICICI Trusteeship Services Limited, ICICI
Investment Management Company Limited, ICICI Securities Holdings Inc., ICICI Securities Inc., ICICI Prudential Trust
Limited1 and ICICI Prudential Pension Funds Management Company Limited1.
1. Jointly controlled entities.
Associates/joint ventures/other related entities
ICICI Equity Fund1, ICICI Eco-net Internet and Technology Fund1, ICICI Emerging Sectors Fund1, ICICI Strategic Investments
Fund1, ICICI Kinfra Limited1, FINO PayTech Limited (formerly known as Financial Inclusion Network & Operations Limited),
TCW/ICICI Investment Partners Limited, I-Process Services (India) Private Limited, NIIT Institute of Finance, Banking and
Insurance Training Limited, ICICI Venture Value Fund1, Comm Trade Services Limited, ICICI Foundation for Inclusive Growth,
I-Ven Biotech Limited1, Rainbow Fund, ICICI Merchant Services Private Limited, Mewar Aanchalik Gramin Bank, India Infradebt
Limited2.
1. Entities consolidated as per Accounting Standard (AS) 21 on ‘Consolidated Financial Statements’.
2. This entity was incorporated and identified as a related party during the three months ended December 31, 2012.
Key management personnel
Ms. Chanda Kochhar, Mr. N. S. Kannan, Mr. K. Ramkumar, Mr. Rajiv Sabharwal.
Relatives of key management personnel
Mr. Deepak Kochhar, Mr. Arjun Kochhar, Ms. Aarti Kochhar, Mr. Mahesh Advani, Ms. Varuna Karna, Ms. Sunita R. Advani,
Ms. Rangarajan Kumudalakshmi, Ms. Aditi Kannan, Mr. Narayanan Raghunathan, Mr. Narayanan Rangarajan, Mr. Narayanan
Krishnamachari, Mr. R. Shyam, Ms. R. Suchithra, Mr. K. Jayakumar, Mr. R. Krishnaswamy, Ms. J. Krishnaswamy, Ms. Sangeeta
Sabharwal.
The following were the significant transactions between the Bank and its related parties for the year ended March 31,
2013. A specific related party transaction is disclosed as a material related party transaction wherever it exceeds 10% of
all related party transactions in that category.
forming part of the Accounts (Contd.)
schedules