ICICI Bank 2016 Annual Report Download - page 246

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Annual Report 2015-2016244
Part “B”: Associate companies and joint ventures
` in million
Name of associate companies/joint ventures Fino PayTech
Limited
I-Process
Services (India)
Private Limited
NIIT Institute of Finance
Banking and Insurance
Training Limited
ICICI Merchant
Services Private
Limited
India Infradebt
Limited
Falcon
Tyres
Limited
1 Latest audited balance sheet date March 31,
2015
March 31, 2015 March 31, 2015 March 31, 2015
March 31,
2016
March 31,
2015
2 Shares of associate companies/joint ventures held by the group at
March 31, 2016
Number of equity shares 8,500,000 9,880 1,900,000 35,568,000 93,000,000 20,445,177
Amount of investment in associate companies/joint ventures – 4.9 13.6 – 1,177.8 314.5
Extent of holding (%) 27.05% 19.00% 18.79% 19.00% 31.00% 26.39%
3 Description of signicant inuence Note 2 Note 3 Note 3 Note 3 Note 2 Note 2
4Reason of non-consolidation of the associate/ joint venture N.A. N.A. N.A. N.A. N.A. Note 4
5 Networth attributable to shareholding as per latest audited balance sheet 742.4 6.4 0.1 179.6 1,177.8 N.A.
6Prot/(Loss) for the year ended March 31, 2016
i Considered in consolidation 13.7 (4.4) 12.2 – 90.6 N.A.
ii Not considered in consolidation 12.1 (18.9) 54.4 350.8 201.8 N.A.
Notes:
1 The above statement has been prepared based on the priniciples of Accounting Standard 23 - Accounting for Investments in Associates in Consolidated
Financial Statements, issued by the Institute of Chartered Accountants of India (ICAI), and therefore does not include the companies where the Group does
not have any significant influence as defined under AS-23, although the the group holds more than 20.00% of total share capital in those companies.
2 The group has significant influence through holding more than 20.00% of the equity shares in the investee company in terms of Accounting Standard 23,
issued by ICAI.
3 The group has significant influence through representation on the Board of directors of the investee company in terms of Accounting Standard 23, issued
by ICAI.
4 The investment in Falcon Tyres Limited is temporary in nature.
5 Names of associates or joint ventures which are yet to commence operations: None
6 Names of associates or joint ventures which have been liquidated or sold during the year: 3i Infotech Limited.
Place : Mumbai
Date : April 29, 2016
For and on behalf of the Board of Directors
M. K. Sharma Dileep Choksi Chanda Kochhar
Chairman Director Managing Director & CEO
N. S. Kannan K. Ramkumar Rajiv Sabharwal Vishakha Mulye
Executive Director Executive Director Executive Director Executive Director
P. Sanker Rakesh Jha Ajay Mittal
Senior General Manager Chief Financial Ofcer Chief Accountant
(Legal) & Company Secretary
Statement Pursuant to Section 129 of
Companies Act, 2013