ICICI Bank 2016 Annual Report Download - page 151

Annual Report 2015-2016 149
Schedules
forming part of the Accounts (Contd.)
Financial Statements of ICICI Bank Limited
The following table sets forth the maturity pattern of assets and liabilities of the Bank at March 31, 2015.
` in million
Maturity buckets Loans &
Advances1
Investment
securities1Deposits1Borrowings1,2
Total foreign
currency
assets3
Total foreign
currency
liabilities3
Day 1 13,214.3 141,697.8 41,567.5 598.0 151,131.3 4,647.3
2 to 7 days 16,158.5 141,036.3 119,412.1 84,014.6 14,229.3 14,626.4
8 to 14 days 25,935.4 78,590.9 75,983.5 24,794.1 28,086.5 18,353.3
15 to 28 days 63,509.3 112,192.5 95,239.7 29,923.7 50,989.7 27,824.4
29 days to 3 months 240,409.2 68,952.6 239,316.0 94,042.6 102,526.4 100,679.1
3 to 6 months 273,277.9 65,431.5 265,327.9 157,163.6 95,118.0 126,379.4
6 months to 1 year 403,853.0 159,217.2 335,020.7 264,608.5 84,371.5 234,962.4
1 to 3 years 1,563,199.5 139,682.6 533,335.7 384,309.3 360,253.4 486,870.8
3 to 5 years 592,051.6 214,532.1 976,972.0 217,966.7 193,476.2 205,960.2
Above 5 years 683,612.0 459,958.6 933,452.2 466,752.4 241,727.0 188,573.1
Total 3,875,220.7 1,581,292.1 3,615,627.3 1,724,173.5 1,321,909.3 1,408,876.4
1. Includes foreign currency balances.
2. Includes borrowings in the nature of subordinated debts and preference shares.
3. Excludes off-balance sheet assets and liabilities.
7. Preference shares
Certain government securities amounting to ` 3,189.8 million at March 31, 2016 (March 31, 2015: ` 3,088.6 million)
have been earmarked against redemption of preference shares issued by the Bank, which fall due for redemption on
April 20, 2018, as per the original terms of the issue.
8. Employee Stock Option Scheme (ESOS)
In terms of the ESOS, as amended, the maximum number of options granted to any eligible employee in a nancial
year shall not exceed 0.05% of the issued equity shares of the Bank at the time of grant of the options and aggregate
of all such options granted to the eligible employees shall not exceed 10% of the aggregate number of the issued
equity shares of the Bank on the date(s) of the grant of options. Under the stock option scheme, eligible employees are
entitled to apply for equity shares. Options granted prior to March, 2014, except mentioned below, vest in a graded
manner over a four-year period, with 20%, 20%, 30% and 30% of the grants vesting in each year, commencing
from the end of 12 months from the date of grant. Options granted in April, 2009 vest in a graded manner over a
ve-year period with 20%, 20%, 30% and 30% of grant vesting each year, commencing from the end of 24 months
from the date of grant. Options granted in September, 2011 vest in a graded manner over a ve-years period with
15%, 20%, 20% and 45% of grant vesting each year, commencing from the end of 24 months from the date of the
grant. Options granted after March, 2014 vest in a graded manner over a three-year period with 30%, 30%, and 40%
of the grant vesting in each year, commencing from the end of 12 months from the date of grant other than certain
options granted in April 2014 which will vest to the extent of 50% on April 30, 2017 and the balance on April 30, 2018.
The options granted in September 2015 will vest to the extent of 50% on April 30, 2018 and 50% on April 30, 2019.
However for the options granted in September 2015 if the participant’s employment terminates due to retirement
(including pursuant to any early/voluntary retirement scheme), the whole of the unvested options would lapse. The
options can be exercised within 10 years from the date of grant or ve years from the date of vesting, whichever is
later. The exercise price of Bank’s options, except mentioned below, was the last closing price on the stock exchange,
which recorded highest trading volume preceding the date of grant of options. Hence, there was no compensation
cost based on intrinsic value of options.
In February 2011, the Bank granted 15,175,000 options to eligible employees and whole-time Directors of the Bank
and certain of its subsidiaries at an exercise price of ` 193.40. Of these options granted, 50% vested on April 30, 2014
and the balance 50% vested on April 30, 2015. The options can be exercised within 10 years from the date of grant
or ve years from the date of vesting, whichever is later. Based on intrinsic value of options, compensation cost of
` 0.8 million was recognised during the year ended March 31, 2016 (March 31, 2015: ` 16.4 million).