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167Annual Report 2014-2015
forming part of the Accounts (Contd.)
Schedules
Financial Statements of ICICI Bank Limited
Experience adjustment
` in million
Particulars Year ended
March 31, 2015
Year ended
March 31, 2014
Year ended
March 31, 2013
Plan assets 17,746.8 15,689.8 13,719.5
Defined benefit obligations 17,746.8 15,693.3 13,719.5
Amount not recognised as an asset (limit in para 59(b) of
AS-15 on ‘employee benefits’)
– – –
Surplus/(deficit) – (3.5) –
Experience adjustment on plan assets 346.4 (150.5) (22.1)
Experience adjustment on plan liabilities 322.3 (49.1) (26.4)
Bank has contributed ` 1,511.0 million to provident fund for the year ended March 31, 2015 (March 31, 2014:
` 1,412.8 million), which includes compulsory contribution made towards employee pension scheme under Employees
Provident Fund and Miscellaneous Provisions Act, 1952.
Superannuation Fund
Bank has contributed ` 110.7 million for the year ended March 31, 2015 (March 31, 2014: ` 118.1 million) to
superannuation fund.
37. Movement in provision for credit card/debit card/savings account reward points
The following table sets forth, for the periods indicated, movement in provision for credit card/debit card/savings
account reward points.
` in million
Particulars Year ended
March 31, 2015
Year ended
March 31, 2014
Opening provision for reward points 836.0 745.9
Provision for reward points made during the year 1,144.0 745.3
Utilisation/write-back of provision for reward points (896.8) (655.2)
Closing provision for reward points1 1,083.2 836.0
1. The closing provision is based on the actuarial valuation of accumulated credit card/debit card/savings account reward points.
This amount will be utilised towards redemption of the credit card/debit card/savings accounts reward points.
38. Provisions and contingencies
The following table sets forth, for the periods indicated, the break-up of provisions and contingencies included in profit
and loss account.
` in million
Particulars Year ended
March 31, 2015
Year ended
March 31, 2014
Provisions for depreciation of investments 2,979.2 711.2
Provision towards non-performing and other assets131,412.7 22,522.7
Provision towards income tax
- Current 48,591.4 38,395.0
- Deferred (2,195.7) 3,131.9
Provision towards wealth tax 50.0 50.0
Other provisions and contingencies24,607.9 3,030.2
Total provisions and contingencies 85,445.5 67,841.0
1. Includes provision towards NPA amounting to ` 30,232.5 million (March 31, 2014: ` 17,148.0 million)
2. Includes general provision towards standard assets amounting to ` 3,847.9 million (March 31, 2014:
`
2,487.7 million