|
ICICI BANK - AUDITED
FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2001
(Rupees in crores)
|
Sr.
No.
|
Particulars
|
Year
ended
|
Fourth
Quarter ended
|
|
Mar
31, 2001
|
Mar
31, 2000
|
Mar
31, 2001
|
Mar
31, 2000
|
|
1.
|
Interest earned
(a)+(b)+(c)+(d)
|
1242.13
|
852.87
|
369.13
|
259.79
|
|
|
a) Interest/discount
on advances/bills
|
570.91
|
347.91
|
166.41
|
107.58
|
|
|
b) Income on
investments
|
555.73
|
409.71
|
176.15
|
122.27
|
|
|
c) Interest on
balances with Reserve Bank of India and other interbank funds
|
108.67
|
94.62
|
22.36
|
29.67
|
|
|
d) Others
|
6.82
|
0.63
|
4.21
|
0.27
|
|
2.
|
Other Income
|
220.01
|
194.05
|
99.61
|
89.91
|
|
|
A) TOTAL INCOME
(1) + (2)
|
1462.14
|
1046.92
|
468.74
|
349.70
|
|
3.
|
Interest Expended
|
837.67
|
666.95
|
243.55
|
186.17
|
|
4.
|
Operating Expenses
(e) + (f)
|
334.30
|
153.31
|
121.69
|
67.49
|
|
|
e) Payments to
and provisions for employees
|
51.71
|
36.37
|
17.67
|
16.00
|
|
|
f) Other operating
expenses
|
282.59
|
116.94
|
104.02
|
51.49
|
|
|
B) TOTAL EXPENDITURE
(3)+ (4)
(excluding provisions
and contingencies)
|
1171.97
|
820.26
|
365.24
|
253.66
|
|
|
C) OPERATING
PROFIT (A-B)
(Profit before
provisions and Contingencies)
|
290.17
|
226.66
|
103.50
|
96.04
|
|
|
D) Provision
for taxes
|
65.42
|
33.02
|
29.61
|
1.94
|
|
|
E)
Other provision and contingencies
|
63.65
|
88.34
|
23.49
|
61.16
|
|
|
F) Net Profit
(C-D-E)
|
161.10
|
105.30
|
50.40
|
32.94
|
|
5.
|
Paid-up equity
share capital
|
220.36
|
196.82
|
220.36
|
196.82
|
|
6.
|
Reserves excluding
revaluation reserves (as per balance sheet of previous accounting
year)
|
1092.26
|
952.69
|
1092.26
|
952.69
|
|
7.
|
Analytical Ratios
|
|
|
|
|
|
|
(i) Percentage
of shares held by Government of India
|
..
|
..
|
..
|
..
|
|
|
(ii) Capital
Adequacy Ratio
|
11.57%
|
19.64%
|
11.57%
|
19.64%
|
|
|
(iii) Earnings
per share (basic and diluted)
|
8.13
|
6.38
|
2.54
|
1.99
|
|
8.
|
Aggregate of
Non-Promoter Shareholding
|
|
|
|
|
|
|
· No. of shares
|
116816231
|
74313080
|
116816231
|
74313080
|
|
|
· Percentage
of shareholding
|
53.01%
|
37.76%
|
53.01%
|
37.76 %
|
|
Notes:
1. Out of unamortised ADS
issue expenditure, Rs. 10.47 crores has been charged off during the year.
2. Net non-performing assets
to advances (including credit substitutes) is 1.44 % (Previous year 1.14%
)
3. The Board of Directors
have recommended a dividend of Rs.2.00 per share (20%) for the year ended
March 31, 2001 (Previous year Rs.1.50 per share @ 15%)
4. Bank of Madura Limited
(BoM) was amalgamated with the Bank with effect from March 10, 2001, in
terms of the Scheme of Amalgamation sanctioned by Reserve Bank of India
vide their order dated February 27, 2001 and the above results include
the results of erstwhile BoM from that date.
Audited financial results
under US GAAP accounting for the year ended March 31, 2001 (Rupees crores)
|
Particulars
|
Year
ended
|
Three
months ended
|
|
Mar
31, 2001
|
Mar
31, 2000
|
Mar
31, 2001
|
Mar
31, 2000
|
|
Net income
under US GAAP
|
130.84
|
140.20
|
31.84
|
37.61
|
|
Reconciliation
between US GAAP and Accounting Standards followed in India
|
|
Profit under
Indian GAAP
|
161.10
|
105.30
|
50.40
|
32.94
|
|
Deferred taxation
|
44.21
|
(11.30)
|
24.46
|
(7.79)
|
|
Loan impairment
|
(39.53)
|
35.80
|
(28.96)
|
17.70
|
|
Mark to Market
impact on investments
|
(40.59)
|
2.10
|
(14.31)
|
(19.41)
|
|
ADR Issue expenditure
charged to P & L A/c
|
10.47
|
9.90
|
2.54
|
9.90
|
|
Others
|
(4.82)
|
(1.60)
|
(2.29)
|
4.27
|
|
Profit under
US GAAP
|
130.84
|
140.20
|
31.84
|
37.61
|
|
The above financial results
have been taken on record by the Board of Directors of the Bank at its
meeting held on
April 26,2001.
H.N.Sinor
Place: Mumbai Managing Director
&
Date: April 26, 2001 Chief
Executive Officer
|