ICICI Bank 2014 Annual Report Download - page 142

F54
Statement pursuant to Section 212 of the Companies Act, 1956, relating to subsidiary companies
section 212
Sr.
No. Name of the subsidiary company Financial year of the
subsidiary ended on
No. of equity shares held by ICICI Bank and/or its nominees in
the subsidiary at March 31, 2014
Extent of
interest of
ICICI Bank
in capital of
subsidiary
Net aggregate amount of profits/
(losses) of the subsidiary so far as it
concerns the members of ICICI Bank
and is not dealt with in the accounts
of ICICI Bank1
Net aggregate amount of profits/
(losses) of the subsidiary so far as
it concerns the members of ICICI
Bank dealt with or provided for in
the accounts of ICICI Bank2
` in '000s ` in '000s
For the financial
year ended
March 31, 2014
For the previous
financial years
of the subsidiary
since it became
a subsidiary
For the
financial
year ended
March 31,
2014
For the previous
financial years
of the subsidiary
since it became a
subsidiary
1 ICICI Securities Primary Dealership Limited March 31, 2014 15,634 equity shares of ` 100,000 each fully paid up 100.0% 1,138,561 7,789,762 179,791 8,436,046
2 ICICI Securities Limited March 31, 2014 805,353,500 equity shares of ` 2 each, fully paid up 100.0% 599,267 2,147,043 150,118 4,466,873
3 ICICI Securities Holdings Inc.3 March 31, 2014 16,640,000 common stock of USD 1 each fully paid up held by
ICICI Securities Limited
— (844) (145,248) Nil Nil
4 ICICI Securities Inc.3 March 31, 2014 12,980,000 common stock of USD 1 each fully paid up held by
ICICI Securities Holdings Inc.
— 34,315 (553,605) Nil 15,635
5 ICICI Venture Funds Management Company Limited March 31, 2014 1,000,000 equity shares of ` 10 each fully paid up 100.0% 319,799 2,713,194 10,000 4,325,979
6 ICICI International Limited4March 31, 2014 90,000 ordinary shares of USD 10 each fully paid up 100.0% (2,729) 38,998 Nil 15,782
7 ICICI Home Finance Company Limited March 31, 2014 1,098,750,000 equity shares of ` 10 each fully paid up 100.0% 1,090,992 4,719,045 1,137,206 7,457,227
8 ICICI Trusteeship Services Limited March 31, 2014 50,000 equity shares of ` 10 each fully paid up 100.0% 388 3,571 Nil Nil
9 ICICI Investment Management Company Limited March 31, 2014 10,000,700 equity shares of ` 10 each fully paid up 100.0% 1,899 52,435 Nil Nil
10 ICICI Prudential Life Insurance Company Limited March 31, 2014 1,055,310,907 equity shares of ` 10 each fully paid up 73.8% 4,666,451 (3,772,700) 6,901,733 5,592,462
11 ICICI Lombard General Insurance Company Limited March 31, 2014 325,883,744 equity shares of ` 10 each fully paid up 73.2% 3,744,144 (108,284) Nil 2,117,208
12 ICICI Bank UK PLC4March 31, 2014 495,000,000 ordinary shares of USD 1 each and 50,002 ordinary
shares of 1 GBP each
100.0% 13,795 6,530,532 1,510,149 3,189,106
13 ICICI Bank Canada5, 8 December 31, 2013 839,500,000 common shares 100.0% 1,224,480 4,316,049 1,579,674 2,553,981
14 ICICI Bank Eurasia Limited Liability Company #,6,8 December 31, 2013 Not Applicable # 100.0% (99,749) 525,962 278,520 425,517
15 ICICI Prudential Asset Management Company Limited March 31, 2014 9,002,573 equity shares of ` 10 each, fully paid up 51.0% 751,663 1,073,887 180,051 1,753,556
16 ICICI Prudential Trust Limited March 31, 2014 51,157 equity shares of ` 10 each, fully paid up 50.8% 492 2,778 895 3,861
17 ICICI Prudential Pension Funds Management Company
Limited 7
March 31, 2014 27,000,000 equity shares of ` 10 each, fully paid up held by
ICICI Prudential Life Insurance Company Limited
— (7,870) (1,237) Nil Nil
# The shares in the authorised capital of ICICI Bank Eurasia Limited Liability Company are registered without issue of equity shares due to the legal form of the subsidiary.
1. The above companies (other than ICICI Bank UK PLC, ICICI Bank Canada, ICICI Bank Eurasia Limited Liability Company, ICICI Prudential Asset Management Company Limited, ICICI Prudential Trust Limited and ICICI Prudential Pension Funds
Management Company Limited) which were subsidiaries of erstwhile ICICI Limited have become subsidiaries of the Bank consequent to the merger of erstwhile ICICI Limited with ICICI Bank.
2. The amount received by erstwhile ICICI Limited upto March 29, 2002 as dividend has also been included in the reserves of ICICI Bank.
3. ICICI Securities Holdings Inc. is a wholly owned subsidiary of ICICI Securities Limited. ICICI Securities Inc. is a wholly owned subsidiary of ICICI Securities Holdings Inc.
4. The profits of ICICI Bank UK PLC and ICICI International Limited for the year ended March 31, 2014 have been translated into Indian Rupees at the rate of 1 USD = ` 60.4176.
5. The profits of ICICI Bank Canada for the year ended December 31, 2013 have been translated into Indian Rupees at the rate of 1 CAD = ` 57.8021.
6. The profits of ICICI Bank Eurasia Limited Liability Company for the year ended December 31, 2013 have been translated into Indian Rupees at the rate of 1 RUB = ` 1.8568.
7. ICICI Prudential Pension Funds Management Company Limited, a wholly owned subsidiary of ICICI Prudential Life Insurance Company Limited, was incorporated on April 22, 2009.
8. The information furnished for ICICI Bank Canada and ICICI Bank Eurasia Limited Liability Company is for the period January 1, 2013 to December 31, 2013, being their financial year.
The key financial parameters of the following companies at March 31, 2014 and their movement from December 31, 2013 are given below:
` in ‘000s
Particulars ICICI Bank CanadabICICI Bank Eurasia Limited Liability Companyc
At March 31, 2014 At December 31, 2013 Movement At March 31, 2014 At December 31, 2013 Movement
Fixed assets 76,524 82,957 (6,433) 39,431 47,868 (8,437)
Investments 28,029,738 28,012,711 17,027 506,250 593,330 (87,080)
Advances 259,163,670 273,027,990 (13,864,320) 5,202,329 6,093,287 (890,958)
Borrowingsa 109,455,855 108,274,182 1,181,673 2,346,896 4,154,787 (1,807,891)
a. Since it is not possible to identify the amount borrowed to meet the current liabilities, the amount shown above represents the total borrowings. The borrowings include subordinate debts and exclude preferred shares.
b. The financial parameters of ICICI Bank Canada have been translated into Indian Rupees at 1 CAD = ` 54.2725 at March 31, 2014 and 1 CAD = ` 58.0525 at December 31, 2013.
c. The financial parameters of ICICI Bank Eurasia Limited Liability Company have been translated into Indian Rupees at 1 RUB =` 1.6838 at March 31, 2014 and 1 RUB = ` 1.8897 at December 31, 2013.
For and on behalf of the Board of Directors
K. V. KAMATH HOMI KHUSROKHAN CHANDA KOCHHAR
Chairman Director Managing Director & CEO
N. S. KANNAN K. RAMKUMAR RAJIV SABHARWAL
Executive Director Executive Director Executive Director
Place: Mumbai P. S ANKER RAKESH JHA AJAY MITTAL
Date : April 25, 2014 Senior General Manager (Legal) Chief Financial Officer Chief Accountant
& Company Secretary