ICICI Bank 2016 Annual Report Download - page 228

Annual Report 2015-2016226
Schedules
forming part of the Consolidated Accounts (Contd.)
Consolidated Financial Statements
During the year ended March 31, 2016, the Group invested in the non-convertible debentures (NCDs) issued by India
Infradebt Limited amounting to ` 4,242.0 million (March 31, 2015: ` 800.0 million). During the year ended March 31,
2016, ICICI Securities Primary Dealership Limited invested ` 3,642.0 million (March 31, 2015: ` 550.0 million) and ICICI
Prudential Life Insurance Company Limited invested ` 600.0 million (March 31, 2015: ` 250.0 million).
Redemption/buyback of investments
During the year ended March 31, 2016, the Group received ` 453.6 million (March 31, 2015: ` 280.9 million) from India
Advantage Fund-III and ` 445.8 million (March 31, 2015: ` 101.8 million) from India Advantage Fund-IV on account of
redemption of units and distribution of gain/loss on units.
Income on custodial services
During the year ended March 31, 2016, the Group received custodial charges from its associates/other related entities
amounting to ` 1.5 million (March 31, 2015: ` 1.1 million). The material transactions for the year ended March 31,
2016 were with India Advantage Fund-III amounting to ` 0.8 million (March 31, 2015: ` 0.7 million) and with India
Advantage Fund-IV amounting to ` 0.6 million (March 31, 2015: ` 0.4 million).
Interest expenses
During the year ended March 31, 2016, the Group paid interest to its associates/other related entities amounting to
` 97.6 million (March 31, 2015: ` 235.3 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 ` 3.3 million (March 31, 2015:
` 2.3 million). The material transaction for the year ended March 31, 2016 was with India Infradebt Limited amounting
to ` 88.0 million (March 31, 2015: ` 232.0 million).
Interest income
During the year ended March 31, 2016, the Group received interest from its associates/other related entities amounting
to ` 118.5 million (March 31, 2015: ` 71.3 million), from its key management personnel of the Bank amounting to ` 1.6
million (March 31, 2015: ` 1.0 million) and from relatives of key management personnel amounting to ` 0.8 million
(March 31, 2015: ` 1.5 million). The material transactions for the year ended March 31, 2016 were with India Infradebt
Limited amounting to ` 70.2 million (March 31, 2015: ` 23.1 million) and with ICICI Merchant Services Private Limited
amounting to ` 48.1 million (March 31, 2015: ` 48.0 million).
Dividend paid
During the year ended March 31, 2016, the Bank paid dividend to its key management personnel amounting to ` 13.8
million (March 31, 2015: ` 10.0 million) and to relatives of key management personnel amounting to ` 0.01 million
(March 31, 2015: ` 0.01 million). The dividend paid during the year ended March 31, 2016 to Ms. Chanda Kochhar was
` 11.1 million (March 31, 2015: ` 7.9 million), to Mr. N. S. Kannan was ` 2.1 million (March 31, 2015: ` 1.1 million) and
to Mr. Rajiv Sabharwal was ` 0.6 million (March 31, 2015: ` 1.0 million).
1. Insignificant amount.
Remuneration to whole-time directors
Remuneration paid to the whole-time directors of the Bank, excluding the perquisite value on account of employee
stock options exercised, during the year ended March 31, 2016 was ` 219.0 million (March 31, 2015: ` 164.5 million).
The remuneration paid for the year ended March 31, 2016 to Ms. Chanda Kochhar was ` 68.8 million (March 31, 2015:
` 53.5 million), to Mr. N. S. Kannan was ` 47.2 million (March 31, 2015: ` 37.4 million), to Ms. Vishakha Mulye1 ` 10.1
million (March 31, 2015: N.A.), to Mr. K. Ramkumar was ` 48.1 million (March 31, 2015: ` 38.6 million) and to Mr. Rajiv
Sabharwal was ` 44.8 million (March 31, 2015: ` 35.0 million).
1. Identified as related party from the three months ended March 31, 2016.
Donation
During the year ended March 31, 2016, the Group has given donation to ICICI Foundation for Inclusive Growth
amounting to ` 861.6 million (March 31, 2015: ` 707.3 million).