ICICI Bank 2016 Annual Report Download - page 181

Annual Report 2015-2016 179
Schedules
forming part of the Accounts (Contd.)
Financial Statements of ICICI Bank Limited
40. Details of provisioning pertaining to fraud accounts
The following table sets forth for the year ended March 31, 2016, the details of provisioning pertaining to fraud accounts.
` in million
Particulars At
March 31, 2016
Number of frauds reported 5,670
Amount involved in frauds 3,622.8
Provision made 1,212.4
Unamortised provision debited from ‘other reserves’ –
40A. Details of amount transferred to The Depositor Education and Awareness Fund (the Fund) of RBI
The following table sets forth, for the periods indicated, the movement in amount transferred to the Fund.
` in million
Particulars At
March 31, 2016
At
March 31, 2015
Opening balance 2,575.8 –
Amounts transferred during the year 1,054.7 2,598.8
Amounts reimbursed by the Fund towards claims during the year (46.4) (23.0)
Closing balance 3,584.1 2,575.8
41. Provisions for income tax
The provision for income tax (including deferred tax) for the year ended March 31, 2016 amounted to ` 24,694.3
million (March 31, 2015: ` 46,395.7 million).
The Bank has a comprehensive system of maintenance of information and documents required by transfer pricing
legislation under section 92-92F of the Income Tax Act, 1961. The Bank is of the opinion that all transactions with
international related parties and specied transactions with domestic related parties are primarily at arm’s length so
that the above legislation does not have material impact on the nancial statements.
42. Deferred tax
At March 31, 2016, the Bank has recorded net deferred tax asset of ` 47,700.3 million (March 31, 2015: ` 14,480.0
million), which has been included in other assets.
The following table sets forth, for the periods indicated, the break-up of deferred tax assets and liabilities into major items.
` in million
Particulars At
March 31, 2016
At
March 31, 2015
Deferred tax asset
Provision for bad and doubtful debts 68,974.1 37,860.0
Capital loss –50.5
Foreign currency translation reserve15,877.5 –
Others 4,458.7 3,118.1
Total deferred tax asset 79,310.3 41,028.6
Deferred tax liability
Special Reserve deduction 25,775.6 21,273.0
Mark-to-market gains1610.1 –
Depreciation on xed assets 5,224.3 5,270.7
Others –4.9
Total deferred tax liability 31,610.0 26,548.6
Total net deferred tax asset/(liability) 47,700.3 14,480.0
1. These items are considered in accordance with the requirements of Income Computation and Disclosure Standards.