ICICI Bank 2015 Annual Report Download - page 172

170 Annual Report 2014-2015
Schedules
forming part of the Accounts (Contd.)
Financial Statements of ICICI Bank Limited
During the year ended March 31, 2015, the Bank’s insurance claims (including the claims received by the Bank on
behalf of key management personnel) from the insurance subsidiaries amounted to ` 245.0 million (March 31, 2014:
` 396.6 million). The material transactions for the year ended March 31, 2015 were with ICICI Lombard General
Insurance Company Limited amounting to ` 158.5 million (March 31, 2014: ` 326.7 million) and with ICICI Prudential
Life Insurance Company Limited amounting to ` 86.5 million (March 31, 2014: ` 69.9 million).
Fees and commission income
During the year ended March 31, 2015, the Bank received fees from its subsidiaries amounting to ` 7,761.4 million
(March 31, 2014: ` 5,880.4 million), from its associates/joint ventures/other related entities amounting to ` 10.0 million
(March 31, 2014: ` 9.7 million), from key management personnel amounting to ` 0.3 million (March 31, 2014: Nil) and
from relatives of key management personnel amounting to Nil (March 31, 2014: ` 0.1 million). The material transactions
for the year ended March 31, 2015 were with ICICI Prudential Life Insurance Company Limited amounting to ` 6,409.8
million (March 31, 2014: ` 4,876.0 million) and with ICICI Lombard General Insurance Company Limited amounting to
` 746.9 million (March 31, 2014: ` 597.9 million).
During the year ended March 31, 2015, the Bank received commission on bank guarantees from its subsidiaries
amounting to ` 46.2 million (March 31, 2014: ` 48.1 million). The material transactions for the year ended
March 31, 2015 were with ICICI Bank UK PLC amounting to ` 44.4 million (March 31, 2014: ` 39.1 million) and with ICICI
Bank Eurasia Limited Liability Company amounting to Nil (March 31, 2014: ` 7.7 million).
Lease of premises, common corporate and facilities expenses
During the year ended March 31, 2015, the Bank recovered from its subsidiaries an amount of ` 1,253.3 million
(March 31, 2014: ` 1,257.9 million) and from its associates/joint ventures/other related entities an amount of ` 57.5 million
(March 31, 2014: ` 72.3 million). The material transactions for the year ended March 31, 2015 were with ICICI Home
Finance Company Limited amounting to ` 312.1 million (March 31, 2014: ` 276.1 million), ICICI Securities Limited
amounting to ` 262.6 million (March 31, 2014: ` 288.4 million), ICICI Prudential Life Insurance Company Limited
amounting to ` 206.6 million (March 31, 2014: ` 224.2 million), ICICI Lombard General Insurance Company Limited
amounting to ` 187.1 million (March 31, 2014: ` 159.7 million) and with ICICI Bank UK PLC amounting to ` 175.2 million
(March 31, 2014: ` 180.8 million).
Secondment of employees
During the year ended March 31, 2015, the Bank recovered towards deputation of employees from its subsidiaries an
amount of ` 56.4 million (March 31, 2014: ` 71.5 million) and from its associates/joint ventures/other related entities an
amount of ` 7.1 million (March 31, 2014: ` 6.6 million). The material transactions for the year ended March 31, 2015 were
with ICICI Investment Management Company Limited amounting to ` 40.0 million (March 31, 2014: ` 38.9 million),
ICICI Securities Limited amounting to ` 11.2 million (March 31, 2014: ` 15.4 million), I-Process Services (India) Private
Limited amounting to ` 7.1 million (March 31, 2014: ` 6.6 million) and with ICICI Prudential Life Insurance Company
Limited amounting to ` 5.2 million (March 31, 2014: ` 16.1 million).
Purchase of investments
During the year ended March 31, 2015, the Bank purchased certain investments from its subsidiaries amounting to
` 9,931.6 million (March 31, 2014: ` 10,087.0 million). The material transactions for the year ended March 31, 2015
were with ICICI Securities Primary Dealership Limited amounting to ` 5,886.8 million (March 31, 2014: ` 7,189.3
million) and with ICICI Prudential Life Insurance Company Limited amounting to ` 2,877.9 million (March 31, 2014:
` 2,448.4 million).
During the year ended March 31, 2015, the Bank invested in the units of India Advantage Fund-III amounting to
` 499.1 million and in the units of India Advantage Fund-IV amounting to ` 417.9 million.
Sale of investments
During the year ended March 31, 2015, the Bank sold certain investments to its subsidiaries amounting to ` 5,311.6
million (March 31, 2014: ` 9,061.8 million) and to its associates/joint ventures/other related entities amounting to
Nil (March 31, 2014: ` 147.8 million). The material transactions for the year ended March 31, 2015 were with ICICI