ICICI BANK - AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2001

(Rupees in crores)

 

Sr.
No.
ParticularsYear ended Fourth Quarter ended
Mar 31, 2001Mar 31, 2000Mar 31, 2001Mar 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)

ParticularsYear ended Three months ended
Mar 31, 2001Mar 31, 2000Mar 31, 2001Mar 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