ICICI Bank 2015 Annual Report Download - page 165
Download and view the complete annual report
Please find page 165 of the 2015 ICICI Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
 |
 |
163Annual Report 2014-2015
forming part of the Accounts (Contd.)
Schedules
Financial Statements of ICICI Bank Limited
35. Bancassurance
The following table sets forth, for the periods indicated, the break-up of income derived from bancassurance business.
` in million
Sr.
No. Nature of income Year ended
March 31, 2015
Year ended
March 31, 2014
1. Income from selling life insurance policies 6,325.7 4,786.5
2. Income from selling non life insurance policies 678.2 539.5
3. Income from selling mutual fund/collective investment scheme products 2,426.6 1,371.4
36. Employee benefits
Pension
The following tables set forth, for the periods indicated, movement of the present value of the defined benefit obligation,
fair value of plan assets and other details for pension benefits.
` in million
Particulars Year ended
March 31, 2015
Year ended
March 31, 2014
Opening obligations 10,209.9 10,392.5
Service cost 217.8 240.3
Interest cost 943.5 833.7
Actuarial (gain)/loss 3,174.7 998.5
Liabilities extinguished on settlement (1,381.1) (2,012.8)
Benefits paid (164.9) (242.3)
Obligations at the end of year 12,999.9 10,209.9
Opening plan assets, at fair value 9,018.8 9,526.8
Expected return on plan assets 743.3 772.0
Actuarial gain/(loss) 104.7 (29.1)
Assets distributed on settlement (1,534.6) (2,236.5)
Contributions 1,936.1 1,227.9
Benefits paid (164.9) (242.3)
Closing plan assets, at fair value 10,103.4 9,018.8
Fair value of plan assets at the end of the year 10,103.4 9,018.8
Present value of the defined benefit obligations at the end of the year 12,999.9 10,209.9
Amount not recognised as an asset (limit in Para 59(b) of AS-15 on ‘employee benefits’) – –
Asset/(liability) (2,896.5) (1,191.1)
Cost for the year1
Service cost 217.8 240.3
Interest cost 943.5 833.7
Expected return on plan assets (743.3) (772.0)
Actuarial (gain)/loss 3,070.0 1,027.6
Curtailments & settlements (gain)/loss 153.5 223.7
Effect of the limit in para 59(b) of AS-15 on ‘employee benefits’ – –
Net cost 3,641.5 1,553.3
Actual return on plan assets 848.0 742.9
Expected employer’s contribution next year 3,000.0 1,000.0
Investment details of plan assets
Insurer managed funds284.51% 80.86%
Government of India securities 7.12% 7.50%
Corporate bonds 8.12% 9.00%
Others 0.25% 2.64%