ICICI Bank 2016 Annual Report Download - page 183

Annual Report 2015-2016 181
Schedules
forming part of the Accounts (Contd.)
Financial Statements of ICICI Bank Limited
(March 31, 2015: ` 245.0 million).The material transactions for the year ended March 31, 2016 were with ICICI
Prudential Life Insurance Company Limited amounting to ` 94.1 million (March 31, 2015: ` 86.5 million) and with
ICICI Lombard General Insurance Company Limited amounting to ` 73.0 million (March 31, 2015: ` 158.5 million).
Fees and commission income
During the year ended March 31, 2016, the Bank received fees from its subsidiaries amounting to ` 9,009.8 million
(March 31, 2015: ` 7,761.4 million), from its associates/joint ventures/other related entities amounting to ` 9.9 million
(March 31, 2015: ` 10.0 million), from its key management personnel amounting to ` 0.01 million (March 31, 2015:
` 0.3 million) and from relatives of key management personnel amounting to ` 0.01 million (March 31, 2015: Nil). The
material transaction for the year ended March 31, 2016 was with ICICI Prudential Life Insurance Company Limited
amounting to ` 7,712.4 million (March 31, 2015: ` 6,409.8 million).
1. Insignificant amount
During the year ended March 31, 2016, the Bank received commission on bank guarantees from its subsidiaries
amounting to ` 38.1 million (March 31, 2015: ` 46.2 million). The material transaction for the year ended March 31,
2016 was with ICICI Bank UK PLC amounting to ` 36.2 million (March 31, 2015: ` 44.4 million).
Lease of premises, common corporate and facilities expenses
During the year ended March 31, 2016, the Bank recovered from its subsidiaries an amount of ` 1,228.6 million
(March 31, 2015: ` 1,253.3 million) and from its associates/joint ventures/other related entities an amount of ` 63.9
million (March 31, 2015: ` 57.5 million). The material transactions for the year ended March 31, 2016 were with ICICI
Home Finance Company Limited amounting to ` 323.8 million (March 31, 2015: ` 312.1 million), ICICI Securities
Limited amounting to ` 234.3 million (March 31, 2015: ` 262.6 million), ICICI Lombard General Insurance Company
Limited amounting to ` 201.2 million (March 31, 2015: ` 187.1 million), ICICI Prudential Life Insurance Company
Limited amounting to ` 185.7 million (March 31, 2015: ` 206.6 million) and with ICICI Bank UK PLC amounting to
` 180.2 million (March 31, 2015: ` 175.2 million).
Secondment of employees
During the year ended March 31, 2016, the Bank recovered towards deputation of employees from its subsidiaries
an amount of ` 57.0 million (March 31, 2015: ` 56.4 million) and from its associates/joint ventures/other related
entities an amount of ` 7.7 million (March 31, 2015: ` 7.1 million). The material transactions for the year ended March
31, 2016 were with ICICI Investment Management Company Limited amounting to ` 44.0 million (March 31, 2015:
` 40.0 million), ICICI Securities Limited amounting to ` 10.1 million (March 31, 2015: ` 11.2 million) and with I-Process
Services (India) Private Limited amounting to ` 7.5 million (March 31, 2015: ` 7.1 million).
Purchase of investments
During the year ended March 31, 2016, the Bank purchased certain investments from its subsidiaries amounting to
` 9,506.5 million (March 31, 2015: ` 9,931.6 million). The material transactions for the year ended March 31, 2016
were with ICICI Bank UK PLC amounting to ` 4,237.6 million (March 31, 2015:Nil), ICICI Securities Primary Dealership
Limited amounting to ` 2,936.7 million (March 31, 2015: ` 5,886.8 million) and with ICICI Prudential Life Insurance
Company Limited amounting to ` 2,332.2 million (March 31, 2015: ` 2,877.9 million).
During the year ended March 31, 2016, the Bank invested, through purchase from ICICI Venture Funds Management
Company Limited, in the units of India Advantage Fund-III amounting to Nil (March 31, 2015: ` 499.1 million) and in
the units of India Advantage Fund-IV amounting to Nil (March 31, 2015: ` 417.9 million).
Sale of investments
During the year ended March 31, 2016, the Bank sold certain investments to its subsidiaries amounting to ` 5,146.7
million(March 31, 2015: ` 5,311.6 million). The material transactions for the year ended March 31, 2016 were with
ICICI Lombard General Insurance Company Limited amounting to ` 2,942.9 million (March 31, 2015: ` 928.6 million),
ICICI Securities Limited amounting to ` 1,358.0 million (March 31, 2015: ` 72.8 million), ICICI Prudential Life Insurance
Company Limited amounting to ` 845.8 million (March 31, 2015: ` 902.2 million) and with ICICI Securities Primary
Dealership Limited amounting to Nil (March 31, 2015: ` 3,408.0 million).