EX-99.05 8 aug0202_ex9905.txt [BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 1 - CAPITAL Authorised Capital 2250,000,000 equity shares of Rs. 10 each 22,500.00 3,000.00 3,000.00 Issued, Subscribed and Paid-up Capital 613,031,404 (Previous year 220,358,680) equity shares of Rs. 10 each including 15,76,19,322 underlying equity shares consequent on ADS issue and 2,35,39,800 equity shares issued to shareholders of Bank of Madura Limited on amalgamation and face value 6,130.31 2,203.59 2,203.59 Less : Calls unpaid (4.84) .. .. Add : Forfeited shares .. .. .. Share Capital Suspense [Previous year: represents face value of 39,26,72,724 equity shares to be issued to shareholders of ICICI Limited on amalgamation] .. 3,921.88 .. Preference Share Capital Suspense 1 [Represents face value of 350 preference shares to be issued to preference share holders of ICICI Limited on amalgamation redeemable at p 3,500.00 3,500.00 .. ========= ======== ======== TOTAL 9,625.47 9,625.47 2,203.59
1 The notification from Ministry of Finance has currently exempted the Bank from the restriction of section 12 (1) of the Banking Regulation Act, 1949, which prohibits issue of preference shares by banks. [BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 2 RESERVES AND SURPLUS I. Statutory Reserve Opening balance 2,494.31 1,844.31 1,844.31 Additions during the period .. 650.00 300.00 Deductions during the period .. .. .. Closing balance 2,494.31 2,494.31 2,144.31 II. Debenture Redemption Reserve Opening balance 100.00 .. .. Additions during the period .. 100.00 .. Deductions during the period .. .. .. Closing balance 100.00 100.00 .. III. Special Reserve Opening balance 10,940.00 .. .. Additions during the period .. 10,940.00 .. Deductions during the period .. .. .. Closing balance 10,940.00 10,940.00 .. IV. Share Premium Opening balance 8,014.09 8,045.44 8,045.44 Additions during the period .. .. .. Deductions during the period (.00) (31.35) .. Closing balance 8,014.09 8,014.09 8,045.44 V. Investment Fluctuation Reserve Opening balance 273.35 113.35 113.35 Additions during the period .. 160.00 85.00 Deductions during the period .. .. .. Closing balance 273.35 273.35 198.35 VI. Revenue and other Reserves Opening balance 34,306.72 911.21 911.21 Additions during the period .. 33,395.51 .. Deductions during the period .. .. .. Closing balance 34,306.72 34,306.72 911.21 VII. Balance in Profit and Loss Account 2,724.57 195.61 275.79 TOTAL 58,853.04 56,324.08 11,575.10
* Includes a) amount transferred on amalgamation with Bank of Madura Limited Rs. 20.71 million b) Rs. 117.70 million being excess of face value of equity shares issued over net assets and reserves of Bank of Madura Limited on amalgamation. c) Rs. 32108.22 million on amalgamation with ICICI Limited, ICICI Personal Financial Services Limited and ICICI Capital Services Limited d) Rs. 960.00 million transferred from Profit and Loss Account Net of e) Rs. 327.30 million being deferred tax liability as at March 31, 2001 in accordance with the transitional provisions of Accounting Standard 22 on "Accounting for Income-Taxes" [BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 3 - DEPOSITS A. I. Demand Deposits i) From banks 1,501.46 1,089.95 893.92 ii) From others 22,506.47 26,271.59 25,644.08 II. Savings Bank Deposits 27,119.21 24,970.03 20,289.03 III. Term Deposits i) From banks 31,480.25 44,229.58 17,247.79 ii) From others 250,884.79 224,289.96 110,601.32 ========== ========== ========== TOTAL 333,492.18 320,851.11 174,676.14 B. I. Deposits of branches in India 333,492.18 320,851.11 174,676.14 ========== ========== ========== TOTAL 333,492.18 320,851.11 174,676.14
[BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 4 - BORROWINGS I. Borrowings In India i) Reserve Bank of India .. 1,408.90 .. ii) Other banks 24,788.28 26,875.98 815.59 iii) Other institutions and agencies a) Government of India 5,803.84 6,009.35 .. b) Financial Institutions 13,332.08 13,882.62 3,317.57 II. Borrowings in the form of a) Deposits taken over from ICICI Limited 32,767.70 42,507.60 .. b) Commercial Paper 4,806.11 5,495.30 .. c) Bonds and Debentures (excluding subordinated debt) 1) Debentures and Bonds guaranteed by the Government of India 16,315.00 18,240.00 .. 2) Tax free Bonds 800.00 800.00 .. 3) Non convertible portion of partly convertible notes 1,331.93 1,331.94 .. 4) Borrowings under private placement of bonds carrying maturity of one to thirty years from the date of placement 150,445.62 179,096.82 .. 5) Bonds Issued under multiple option/safety bonds series - Regular Interest Bonds 26,912.87 34,175.23 .. - Deep Discount Bonds 6,297.14 6,214.12 .. - Bonds with premium warrants 525.58 506.08 .. - Encash Bonds 2,272.62 2,493.03 .. - Tax Saving Bonds 77,416.40 74,933.16 .. - Easy Instalment Bonds 31.36 31.36 .. - Pension Bonds 52.67 51.73 .. 6) Application Money pending allotment .. 5,374.50 .. III. Borrowings outside India i) From Multilateral/Bilateral Credit Agencies (guaranteed by the Government of India equivalent of Rs.23763.37 million) 26,799.94 25,213.69 .. ii) From International Banks, Institutions and Consortiums 27,292.60 29,347.66 41.32 iii) By way of Bonds and Notes 18,225.49 18,197.51 .. ========== ========== ======== TOTAL 436,217.23 492,186.58 4,174.48
Secured borrowings in I, II and III above is Rs. NIL [BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 5 - OTHER LIABILITIES I. Bills payable 5,281.94 8,173.31 3,253.19 II. Inter-office adjustments (net) .. 330.46 .. III. Interest accrued 24,803.94 22,895.12 731.68 IV. Unsecured Redeemable Debentures/Bonds 97,701.89 97,513.14 1,680.00 [Subordinated for Tier II Capital] V. Others a) Security Deposits from Clients 3,818.26 3,865.56 .. b) Sundry creditors 9,339.97 11,539.85 . c) Received for disbursements under special program 2,668.38 2,547.30 . d) Swap Suspense (Refer Note B. 10 b) .. 253.91 . e) ERAS Exchange Fluctuation Account 580.47 679.35 . f) Other Liabilities (including provisions) * 14,312.47 14,277.76 5,892.4 ========== ========== ========= Total 158,507.32 162,075.76 11,557.32
* Includes Deferred Tax Liability of Rs. 1607.63 million [March 31, 2002: Rs. 1547.63 million] [BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA I. Cash in hand (including foreign currency notes) 2,836.15 2,458.99 1,407.62 II. Balances with Reserve Bank of India in current accounts 33,663.05 15,285.69 12,564.73 ========= ========= ========= TOTAL 36,499.20 17,744.68 13,972.35
[BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE I. In India i) Balances with banks a) in Current Accounts 1,110.36 8,960.68 724.97 b) in Other Deposit Accounts 6,943.15 19,221.43 2,971.74 ii) Money at call and short notice a) with banks 6,890.86 39,241.08 4,200.00 b) with other institutions 2,028.50 2,300.00 1,300.00 ========= ======== ======== TOTAL 16,972.87 69,723.20 9,196.71 II. Outside India i) in Current Accounts 1,518.32 1,503.32 309.32 ii) in Other Deposit Accounts 3,167.85 12,881.91 388.56 iii) Money at call and short notice 20,718.26 26,010.40 6,840.49 ========= ========= ======== TOTAL 25,404.43 40,395.63 7,538.37 ========= ========= ======== GRAND TOTAL (I + II) 42,377.30 110,118.82 16,735.08
[BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 8 - INVESTMENTS [Net of provision] I. Investments in India i) Government securities 244,477.64 227,223.13 57,255.45 ii) Other approved securities 562.86 704.64 414.93 iii) Shares 19,168.11 19,086.47 1,201.10 iv) Debentures and Bonds 59,688.11 64,363.56 29,852.39 v) Subsidiaries and/or joint ventures 6,363.33 6,067.33 .. vi) Others (CPs, Mutual Fund Units, etc.) 25,091.62 41,344.5 18,132.90 ========== ========== ========== TOTAL 355,351.67 358,789.63 106,856.77 II. Investments outside India i) Subsidiaries and/or joint ventures abroad 14.49 14.49 .. ii) Others 106.68 106.68 79.55 ========== ========== ========== TOTAL 121.17 121.17 79.55 ========== ========== ========== GRAND TOTAL (I + II) 355,472.84 358,910.80 106,936.32
[BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 9 - ADVANCES 469,869.12 470,348.66 56,357.06
[BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 10 - FIXED ASSETS I. Premises At cost as on 31 st March of preceding period 14,431.68 2,030.87 2,030.87 Additions during the period ** 2,139.78 165.79 35.05 Additions on Amalgamation .. 12,377.81 .. Deductions during the period ** (1,911.28) (142.79) (0.71) Depreciation to date (405.55) (390.94) (317.61) II. Other Fixed Assets (including Furniture and Fixtures) At cost as on 31 st March of preceding period 7,133.58 2,535.24 2,535.25 Additions during the period ** 820.68 1,194.81 158.40 Additions on Amalgamation .. 3,413.36 .. Deductions during the period ** (266.90) (9.83) (5.15) Depreciation to date (1,873.66) (1,480.55) (1,157.25) III. Assets given on Lease At cost as on 31 st March of preceding period * 23,377.60 1,330.66 1,330.66 Additions during the period 14.53 .. .. Additions on amalgamation .. 22,270.58 .. Deductions during the period (397.09) (223.64) (129.94) Depreciation to date, accumulated lease adjustment and provisions (1,143.63) (677.93) (694.32) ========= ======= ======= TOTAL 41,919.74 42,393.44 3,785.25
* Includes repossessed Leased Asset Rs. 96.00 million ** Includes adjustment amounting to Rs. 1614.92 million on account transfer to Non Banking assets in Schedule 11. [BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 11 - OTHER ASSETS I. Inter-office adjustments (net) 280.37 .. 415.79 II. Interest accrued 19,382.37 18,473.85 3,127.45 III. Tax paid in advance/tax deducted at source (net) 9,920.50 9,870.07 880.91 IV. Stationery and Stamps 8.29 5.03 1.29 V. Non-banking assets acquired in satisfaction of claims ** 2,967.39 2,067.79 76.45 VI. Others a) Advance for Capital Assets 1,293.94 1,987.45 278.76 b) Outstanding Fees and Other Income 1,974.05 1,910.86 .. c) Exchange Fluctuation Suspense with Government of India 1,253.17 1,111.92 .. d) Swap Suspense 241.55 .. .. e) Recoverable from Subsidiary Companies 136.07 199.34 .. f) Others * 13,099.34 5,920.29 1,619.92 ========= ======== ======== TOTAL 50,557.04 41,546.60 6,400.57
* Includes Rs. 1244.50 million [representing 10,13,95,949 equity shares being shares held by ICICI Limited in ICICI Bank Limited] transferred to a trust. ** Includes assets amounting to Rs. 1614.92 million transferred from Premises in Schedule 10. [BANK LOGO] Schedules forming part of the Balance Sheet Rupees in million ------------------------------------------------------------------ As On 30.06.2002 As On 31.03.2002 As On 30.06.2001 ------------------------------------------------------------------ SCHEDULE 12 - CONTINGENT LIABILITIES I. Claims against the Bank not acknowledged as debts 11,256.22 10,232.64 547.86 II. Liability for partly paid investments 2,202.34 2,615.16 375.00 III. Liability on account of outstanding forward exchange contracts 157,708.93 152,545.92 64,027.89 IV. Guarantees given on behalf of constituents in India 97,067.34 93,516.02 16,349.72 V. Acceptances, endorsements and other obligations 18,578.28 17,391.05 12,301.12 VI. Currency Swaps 26,048.38 20,414.67 6,173.24 VII. Interest Rate Swaps 116,948.41 78,541.56 13.83 VIII. Other items for which the Bank is contingently liable 29,995.02 19,208.84 312.04 ========== ========== ========== TOTAL 459,804.92 394,465.86 100,100.70
[BANK LOGO] Schedules forming part of the Profit and Loss Account Rupees in million ------------------------------------------------------------------ Period Ended Year Ended Period Ended 30.06.2002 31.03.2002 30.06.2001 ------------------------------------------------------------------ SCHEDULE 13 - INTEREST EARNED I. Interest/discount on advances/bills 14,681.04 7,716.67 1,896.57 II. Income on investments 8,051.83 12,338.00 2,390.43 III. Interest on balances with Reserve Bank of India and other inter-bank funds 1,137.57 1,226.19 329.08 IV. Others 85.04 238.44 67.09 ========= ========= ======== TOTAL 23,955.48 21,519.30 4,683.17
[BANK LOGO] Schedules forming part of the Profit and Loss Account Rupees in million ------------------------------------------------------------------ Period Ended Year Ended Period Ended 30.06.2002 31.03.2002 30.06.2001 ------------------------------------------------------------------ SCHEDULE 14 - OTHER INCOME I. Commission, exchange and brokerage 1,843.12 2,297.84 477.26 II. Profit/(Loss) on sale of investments (net) 1,154.61 3,057.14 514.00 III. Profit/(Loss) on revaluation of investments (net) (4.72) (146.00) 147.09 IV. Profit/(Loss) on sale of land, buildings and other assets (net) 10.77 (0.62) 0.23 V. Profit/(Loss) on foreign exchange transactions (net) (including premium amortisation) (295.26) 372.98 75.35 VI. Income earned by way of dividends, etc. from subsidiary companies and/or joint ventures abroad/ in India 167.21 .. .. VII. Miscellaneous Income (Including Lease Income) 1,499.51 165.26 57.90 ======== ======== ======== TOTAL 4,375.24 5,746.60 1,271.83
[BANK LOGO] Schedules forming part of the Profit and Loss Account Rupees in million ------------------------------------------------------------------ Period Ended Year Ended Period Ended 30.06.2002 31.03.2002 30.06.2001 ------------------------------------------------------------------ SCHEDULE 15 - INTEREST EXPENDED I. Interest on deposits 5,966.75 13,889.25 2,914.26 II. Interest on Reserve Bank of India/inter-bank borrowings 471.67 478.39 82.06 III. Others 14,156.17 1,221.60 189.80 ========= ========= ======== TOTAL 20,594.59 15,589.24 3,186.12
[BANK LOGO] Schedules forming part of the Profit and Loss Account Rupees in million ------------------------------------------------------------------ Period Ended Year Ended Period Ended 30.06.2002 31.03.2002 30.06.2001 ------------------------------------------------------------------ SCHEDULE 16 - OPERATING EXPENSES I. Payments to and provisions for employees 893.00 1,471.77 327.18 II. Rent, taxes and lighting 275.13 662.78 145.77 III. Printing and Stationery 132.59 353.02 76.60 IV. Advertisement and publicity 33.81 79.65 24.11 V. Depreciation on Bank's property 1,207.73 640.91 144.56 VI. Directors' fees, allowances and expenses .40 1.57 0.54 VII. Auditors' fees and expenses (including branch auditors) .. 3.08 .. VIII. Law Charges 12.74 15.15 4.90 IX. Postages, Telegrams, Telephones, etc. 227.64 377.23 78.12 X. Repairs and maintenance 399.79 783.35 152.40 XI. Insurance 48.06 141.50 27.15 XII. Other expenditure 1,195.00 1,695.76 400.82 ======== ======== ======== TOTAL 4,425.89 6,225.77 1,382.15
[BANK LOGO] Schedules forming part of the Profit and Loss Account Rupees in million ------------------------------------------------------------------ Period Ended Year Ended Period Ended 30.06.2002 31.03.2002 30.06.2001 ------------------------------------------------------------------ SCHEDULE 17 - PROVISIONS AND CONTINGENCIES I. Income Tax 281.60 310.00 276.60 II. Wealth Tax 5.00 5.00 1.00 III. Additional depreciation/ (write-back of depreciation) on investments (238.87) (157.00) (79.67) IV. Provision for non-performing assets ( net ) [incl. Provision for standard assets] (108.25) 2,682.90 416.95 V. Prudential provision on standard assets 841.60 106.25 VI. Others .20 27.00 13.10 ====== ======== ====== 781.28 2,867.90 734.23