ICICI Bank 2013 Annual Report Download - page 166

F88
forming part of the Consolidated Accounts (Contd.)
schedules
` in million
Particulars At
March 31, 2013
At
March 31, 2012
Total deferred tax asset ...................................................................................... 31,085.4 32,005.5
Deferred tax liability
Depreciation on fixed assets ............................................................................... 4,744.2 4,331.8
Others .................................................................................................................. 18.5 47.8
Total deferred tax liability .................................................................................. 4,762.7 4,379.6
Net deferred tax asset/(liability) pertaining to foreign branches/foreign
subsidiaries .......................................................................................................... 483.3 407.8
Total net deferred tax asset/(liability) ............................................................... 26,806.0 28,033.7
At March 31, 2013, ICICI Prudential Life Insurance Company has created deferred tax asset on carry forward unabsorbed
losses amounting to ` 12.8 million (March 31, 2012: ` 860.3 million) which can be set off against future taxable income.
11. Information about business and geographical segments
A. Business segments for the year ended March 31, 2013
The primary segment for the Group has been presented as follows:
1. Retail banking includes exposures which satisfy the four criteria of orientation, product, granularity and low value of
individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document “International
Convergence of Capital Measurement and Capital Standards: A Revised Framework”.
2. Wholesale banking includes all advances to trusts, partnership firms, companies and statutory bodies, which are not
included under Retail Banking.
3. Treasury includes the entire investment portfolio of the Bank, ICICI Eco-net Internet and Technology Fund, ICICI Equity
Fund, ICICI Emerging Sectors Fund, ICICI Strategic Investments Fund and ICICI Venture Value Fund.
4. Other banking includes hire purchase and leasing operations and other items not attributable to any particular business
segment of the Bank. Further, it includes the Bank’s banking subsidiaries i.e. ICICI Bank UK PLC, ICICI Bank Canada and
ICICI Bank Eurasia LLC.
5. Life insurance represents results of ICICI Prudential Life Insurance Company Limited.
6. General insurance represents results of ICICI Lombard General Insurance Company Limited.
7. Others includes ICICI Home Finance Company Limited, ICICI Venture Funds Management Company Limited, ICICI
International Limited, ICICI Securities Primary Dealership Limited, ICICI Securities Limited, ICICI Securities Holdings
Inc., ICICI Securities Inc., ICICI Prudential Asset Management Company Limited, ICICI Prudential Trust Limited, ICICI
Investment Management Company Limited, ICICI Trusteeship Services Limited, TCW/ICICI Investment Partners Limited,
ICICI Kinfra Limited, I-Ven Biotech Limited and ICICI Prudential Pension Funds Management Company Limited.
Income, expenses, assets and liabilities are either specifically identified with individual segments or are allocated to
segments on a systematic basis.
The liabilities of the Bank are transfer priced to a central treasury unit, which pools all funds and lends to the business
units at appropriate rates based on the relevant maturity of assets being funded after adjusting for regulatory reserve
requirements.
The transfer pricing mechanism of the Bank is periodically reviewed. The segment results are determined based on the
transfer pricing mechanism prevailing for the respective reporting periods.
The results of reported segments for the year ended March 31, 2013 are not comparable with that of reported segments
for the year ended March 31, 2012 to the extent entities have been discontinued from consolidation.