ICICI Bank 2013 Annual Report Download - page 154

F76
forming part of the Consolidated Accounts (Contd.)
schedules
SCHEDULE 18
NOTES FORMING PART OF THE ACCOUNTS
The following additional disclosures have been made taking into account the requirements of Accounting Standards
(ASs) and Reserve Bank of India (RBI) guidelines in this regard.
1. Earnings per share
Basic and diluted earnings per equity share are computed in accordance with AS 20–Earnings per share. Basic earnings
per share is computed by dividing net profit after tax by the weighted average number of equity shares outstanding
during the year. The diluted earnings per equity share is computed using the weighted average number of equity shares
and weighted average number of dilutive potential equity shares outstanding during the year.
The following table sets forth, for the periods indicated, the computation of earnings per share.
` in million, except per share data
Year ended
March 31, 2013
Year ended
March 31, 2012
Basic
Weighted average no. of equity shares outstanding ....................................... 1,153,066,422 1,152,338,322
Net profit ............................................................................................................. 96,036.1 76,429.2
Basic earnings per share (`) .............................................................................. 83.29 66.33
Diluted
Weighted average no. of equity shares outstanding ....................................... 1,157,455,610 1,155,591,617
Net profit ............................................................................................................. 95,886.2 76,338.7
Diluted earnings per share (`) ........................................................................... 82.84 66.06
Nominal value per share (`) ............................................................................... 10.00 10.00
The dilutive impact is mainly due to options granted to employees by the Group.
2. Related party transactions
The Group has transactions with its related parties comprising associates/other related entities and key management
personnel and their relatives.
Associates/other related entities
FINO PayTech Limited (formerly known as Financial Inclusion Network & Operations Limited), I-Process Services (India)
Private Limited, NIIT Institute of Finance Banking and Insurance Training Limited, Comm Trade Services Limited, ICICI
Foundation for Inclusive Growth, Rainbow Fund, ICICI Merchant Services Private Limited, Mewar Aanchalik Gramin
Bank, India Infradebt Limited1.
1. 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, Mr. Sanjiv Sabharwal.
The following were the significant transactions between the Group 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.
Insurance services
During the year ended March 31, 2013, the Group received insurance premium from associates/other related entities
amounting to ` 25.2 million (March 31, 2012: ` 17.8 million), from key management personnel of the Bank amounting to
` 1.3 million (March 31, 2012: ` 1.1 million) and from relatives of key management personnel amounting to ` 0.3 million
(March 31, 2012: ` 0.1 million). The material transaction for the year ended March 31, 2013 was with FINO PayTech
Limited amounting to ` 20.5 million (March 31, 2012: ` 15.1 million).