ICICI Bank 2015 Annual Report Download - page 213

forming part of the Consolidated Accounts (Contd.)
Schedules
211Annual Report 2014-2015
Consolidated Financial Statements
Sale of investments
During the year ended March 31, 2014, the Group sold certain investments to Mewar Aanchalik Gramin Bank amounting
to ` 147.8 million.
Redemption/buyback of investments
During the year ended March 31, 2015, the Group received ` 280.9 million (March 31, 2014: N.A.) from India Advantage
Fund-III and ` 101.8 million (March 31, 2014: N.A.) 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, 2015, the Group recovered custodial charges from its associates/other related entities
amounting to ` 1.1 million (March 31, 2014: Nil). The material transactions for the year ended March 31, 2015 were with
India Advantage Fund-III amounting to ` 0.7 million (March 31, 2014: N.A.) and with India Advantage Fund-IV amounting
to ` 0.4 million (March 31, 2014: N.A.).
Interest expenses
During the year ended March 31, 2015, the Group paid interest to its associates/other related entities amounting to
` 235.3 million (March 31, 2014: ` 345.0 million), to its key management personnel amounting to ` 6.2 million (March
31, 2014: ` 4.2 million) and to relatives of key management personnel amounting to ` 2.3 million (March 31, 2014:
` 1.7 million). The material transaction for the year ended March 31, 2015 was with India Infradebt Limited amounting to
` 232.0 million (March 31, 2014: ` 268.6 million). During the year ended March 31, 2014, the Bank paid interest to Mewar
Aanchalik Gramin Bank amounting to ` 70.0 million.
Interest income
During the year ended March 31, 2015, the Group received interest from its associates/other related entities amounting
to ` 71.3 million (March 31, 2014: ` 55.8 million), from its key management personnel amounting to ` 1.0 million (March
31, 2014: ` 0.9 million) and from relatives of key management personnel amounting to ` 1.5 million (March 31, 2014: ` 0.6
million). The material transactions for the year ended March 31, 2015 were with ICICI Merchant Services Private Limited
amounting to ` 48.0 million (March 31, 2014: ` 48.0 million) and with India Infradebt Limited amounting to ` 23.1 million
(March 31, 2014: Nil). During the year ended March 31, 2014, the Bank received interest from Mewar Aanchalik Gramin
Bank amounting to ` 7.5 million.
Dividend paid
During the year ended March 31, 2015, the Bank paid dividend to its key management personnel amounting to ` 10.0
million (March 31, 2014: ` 8.1 million). The dividend paid during the year ended March 31, 2015 to Ms. Chanda Kochhar
was ` 7.9 million (March 31, 2014: ` 6.6 million), to Mr. N. S. Kannan was ` 1.1 million (March 31, 2014: ` 1.5 million) and
to Mr. Rajiv Sabharwal was ` 1.0 million (March 31, 2014: Nil).
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, 2015 was ` 164.5 million (March 31, 2014: ` 144.5 million). The
remuneration paid for the year ended March 31, 2015 to Ms. Chanda Kochhar was ` 53.5 million (March 31, 2014: ` 47.7
million), to Mr. N. S. Kannan was ` 37.4 million (March 31, 2014: ` 32.4 million), to Mr. K. Ramkumar was ` 38.6 million
(March 31, 2014: ` 34.5 million) and to Mr. Rajiv Sabharwal was ` 35.0 million (March 31, 2014: ` 29.9 million).
Sale of fixed assets
During the year ended March 31, 2015, the Bank sold certain fixed assets to India Infradebt Limited amounting to Nil
(March 31, 2014: ` 2.7 million).
Donation
During the year ended March 31, 2015, the Group has given donation to ICICI Foundation for Inclusive Growth amounting
to ` 707.3 million (March 31, 2014: ` 257.6 million).