ICICI Bank 2016 Annual Report Download - page 184

Annual Report 2015-2016182
Schedules
forming part of the Accounts (Contd.)
Financial Statements of ICICI Bank Limited
Investment in Certificate of Deposits (CDs)/bonds issued by ICICI Bank
During the year ended March 31, 2016, subsidiaries have invested in CDs/bonds issued by the Bank amounting
to Nil (March 31, 2015: ` 3,210.0 million). The material transactions for the year ended March 31, 2016 were with
ICICI Prudential Life Insurance Company Limited amounting to Nil (March 31, 2015: ` 2,000.0 million) and with ICICI
Securities Primary Dealership Limited amounting to Nil (March 31, 2015: ` 1,210.0 million).
Redemption/buyback of investments
During the year ended March 31, 2016, the Bank received ` 2,561.5 million (equivalent to CAD 50.0 million) [March
31, 2015: Nil] on account of redemption of bonds, ` 2,561.5 million (equivalent to CAD 50.0 million) [March 31, 2015:
` 3,922.6 million (equivalent to CAD 80.0 million)] on account of buyback of equity shares and ` 1,900.2 million
(equivalent to CAD 37.1 million) [March 31, 2015: Nil] on account of redemption of preference shares by ICICI Bank
Canada.
During the year ended March 31, 2016, the Bank received Nil [March 31, 2015: ` 4,687.5 million (equivalent to USD
75.0 million)] from ICICI Bank UK PLC on account of buyback of equity shares.
During the year ended March 31, 2016, the Bank received ` 305.0 million (March 31, 2015: ` 74.4 million) from ICICI
Equity Fund, ` 188.2 million (March 31, 2015: ` 118.0 million) from India Advantage Fund-III, and ` 94.6 million (March
31, 2015: ` 21.6 million) from India Advantage Fund-IV on account of redemption of units and distribution of gain/loss
on units.
Reimbursement of expenses to subsidiaries
During the year ended March 31, 2016, the Bank reimbursed expenses to its subsidiaries amounting to ` 108.1 million
(March 31, 2015: ` 60.4 million). The material transactions for the year ended March 31, 2016 were with ICICI Bank
UK PLC amounting to ` 102.6 million (March 31, 2015: ` 57.4 million).
Reimbursement of expenses to the Bank
During the year ended March 31, 2016, subsidiaries reimbursed expenses to the Bank amounting to ` 4.2 million
(March 31, 2015: ` 5.8 million).The material transactions for the year ended March 31, 2016 were with ICICI Home
Finance Company Limited amounting to ` 2.7 million (March 31, 2015: Nil), ICICI Lombard General Insurance Company
Limited amounting to ` 0.8 million (March 31, 2015: Nil), ICICI Bank Canada amounting to ` 0.7 million (March 31,
2015: ` 4.7 million) and with ICICI Bank UK PLC amounting to Nil (March 31, 2015: ` 1.1 million).
Brokerage, fees and other expenses
During the year ended March 31, 2016, the Bank paid brokerage, fees and other expenses to its subsidiaries
amounting to ` 786.0 million (March 31, 2015: ` 833.1 million) and to its associates/joint ventures/other related
entities amounting to ` 5,248.6 million (March 31, 2015: ` 4,645.1 million). The material transactions for the year
ended March 31, 2016 were with I-Process Services (India) Private Limited amounting to ` 2,830.9 million (March
31, 2015: ` 2,362.7 million), ICICI Merchant Services Private Limited amounting to ` 2,341.3 million (March 31, 2015:
` 2,216.0 million) and with ICICI Home Finance Company Limited amounting to ` 652.5 million (March 31, 2015:
` 662.1 million).
Income on custodial services
During the year ended March 31, 2016, the Bank recovered custodial charges from its subsidiaries amounting to
` 11.3 million (March 31, 2015: ` 11.8 million) and from its associates/joint ventures/other related entities amounting
to ` 1.6 million (March 31, 2015: ` 1.5 million). The material transactions for the year ended March 31, 2016 were with
ICICI Prudential Asset Management Company Limited amounting to ` 8.8 million (March 31, 2015: ` 7.3 million) and
with ICICI Securities Primary Dealership Limited amounting to ` 2.5 million (March 31, 2015: ` 4.5 million).
Interest expenses
During the year ended March 31, 2016, the Bank paid interest to its subsidiaries amounting to ` 402.9 million (March
31, 2015: ` 614.2 million), to its associates/joint ventures/other related entities amounting to ` 102.6 million (March
31, 2015: ` 257.9 million), to its key management personnel amounting to ` 3.8 million (March 31, 2015: ` 6.2
million) and to relatives of key management personnel amounting to ` 3.0 million (March 31, 2015: ` 2.3 million).