ICICI Bank 2015 Annual Report Download - page 211

forming part of the Consolidated Accounts (Contd.)
Schedules
209Annual Report 2014-2015
Consolidated Financial Statements
SCHEDULE 18
NOTES FORMING PART OF THE ACCOUNTS
The following additional disclosures have been made taking into account the requirements of Accounting Standards (ASs),
Reserve Bank of India (RBI) guidelines and Companies Act, 2013 in this regard.
1. Earnings per share
Basic and diluted earnings per equity share are computed in accordance with AS 20–Earnings per share. Basic earnings
per equity share are computed by dividing net profit after tax by the weighted average number of equity shares
outstanding during the year. The diluted earnings per equity share is computed using the weighted average number
of equity shares and weighted average number of dilutive potential equity shares outstanding during the year.
The following table sets forth, for the periods indicated, the computation of earnings per share.
` in million, except per share data
Year ended
March 31, 2015
Year ended
March 31, 2014
Basic
Weighted average no. of equity shares outstanding 5,785,726,485 5,771,587,885
Net profit 122,468.7 110,413.7
Basic earnings per share (`) 21.17 19.13
Diluted
Weighted average no. of equity shares outstanding 5,842,092,456 5,794,468,950
Net profit 122,340.2 110,253.0
Diluted earnings per share (`) 20.94 19.03
Nominal value per share (`)2.00 2.00
The dilutive impact is mainly due to options granted to employees by the Group.
The shareholders of the Bank have approved the sub-division of one equity share of ` 10 into five equity shares having a
face value of ` 2 each through postal ballot on November 20, 2014. The record date for the sub-division was December 5,
2014. All shares and per share information in the financial results reflect the effect of sub-division for each of the periods
presented.
2. Related party transactions
The Group has transactions with its related parties comprising associates/other related entities and key management
personnel and their relatives.
Associates/other related entities
FINO PayTech Limited, I-Process Services (India) Private Limited, NIIT Institute of Finance Banking and Insurance
Training Limited, Comm Trade Services Limited, ICICI Foundation for Inclusive Growth, ICICI Merchant Services Private
Limited, India Infradebt Limited, India Advantage Fund-III, India Advantage Fund-IV and Catalyst Management Services
Private Limited.
India Advantage Fund-III and India Advantage Fund-IV have been identified as related parties during the three months
ended June 30, 2014 and September 30, 2014 respectively. Rainbow Fund and Mewar Aanchalik Gramin Bank have
ceased to be related parties from the three months ended March 31, 2014 and June 30, 2014 respectively.
Key management personnel
Ms. Chanda Kochhar, Mr. N. S. Kannan, Mr. K. Ramkumar, Mr. Rajiv Sabharwal.
Relatives of key management personnel
Mr. Deepak Kochhar, Mr. Arjun Kochhar, Ms. Aarti Kochhar, Mr. Mahesh Advani, Ms. Rangarajan Kumudalakshmi,
Ms. Aditi Kannan, Ms. Narayanan Sudha, Mr. Narayanan Raghunathan, Mr. Narayanan Rangarajan, Ms. Jaya Ramkumar,
Mr. R. Shyam, Ms. R. Suchithra, Mr. K. Jayakumar, Mr. R. Krishnaswamy, Ms. J. Krishnaswamy, Ms. Pushpa Muralidharan,
Ms. Sangeeta Sabharwal, Mr. Kartik Sabharwal, Mr. Sanjiv Sabharwal, Mr. Arnav Sabharwal.