ICICI BANK - AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2001
(Rupees in crores)
| Serial Number (Sr. No.) |
Particulars | Year ended | Fourth Quarter ended | ||
|---|---|---|---|---|---|
| Mar 31, 2001 | 31 March 2000 | Mar 31, 2001 | 31 March 2000 | ||
1. |
Interest earned (a)+(b)+(c)+(d) |
1242.13 |
852.87 |
369.13 |
259.79 |
|
a) Interest or discount on advances or 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 |
11,68,16,231 |
7,43,13,080 |
11,68,16,231 |
7,43,13,080 |
|
· 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 31 March 2001 (Previous year Rs.1.50 per share @ 15%)
4. Bank of Madura Limited (BoM) was amalgamated with the Bank with effect from 10 March 2001, in terms of the Scheme of Amalgamation sanctioned by Reserve Bank of India vide their order dated 27 February 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 31 March 2001
(Rupees crores)
| Particulars | Year ended | Three months ended | ||
|---|---|---|---|---|
| Mar 31, 2001 | 31 March 2000 | Mar 31, 2001 | 31 March 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 and 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
26 April 2001.
H.N.Sinor
Place: Mumbai Managing Director and
Date: 26 April 2001 Chief Executive Officer