Cash Flow of ICICI Bank ------------------- in Rs. Cr.

-------------------
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 3096.61 3648.04 5056.10 5116.97 5345.32

Net Cash From Operating
4652.93 23061.95 -11631.15 -14188.49 1869.21
Activities
Net Cash (used in)/from
-7893.98 -18362.67 -17561.11 3857.88 6150.73
Investing Activities
Net Cash (used in)/from
7350.90 15414.58 29964.82 1625.36 1382.62
Financing Activities
Net (decrease)/increase In Cash
4110.25 20081.10 683.55 -8074.57 8907.13
and Cash Equivalents
Opening Cash & Cash
12929.97 17040.22 37357.58 38041.13 29966.56
Equivalents
Closing Cash & Cash
17040.22 37121.32 38041.13 29966.56 38873.69
Equivalents

Profit & Loss account of ICICI

------------------- in Rs. Cr. -------------------
Bank
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Interest Earned 13,784.50 22,994.29 30,788.34 31,092.55 25,706.93
Other Income 5,036.62 6,962.95 8,878.85 8,117.76 7,292.43
Total Income 18,821.12 29,957.24 39,667.19 39,210.31 32,999.36
Expenditure
Interest expended 9,597.45 16,358.50 23,484.24 22,725.93 17,592.57
Employee Cost 1,082.29 1,616.75 2,078.90 1,971.70 1,925.79
Selling and Admin Expenses 2,360.72 4,900.67 5,834.95 5,977.72 6,056.48
Depreciation 623.79 544.78 578.35 678.60 619.50
Miscellaneous Expenses 2,616.78 3,426.32 3,533.03 4,098.22 2,780.03
Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00
Operating Expenses 5,274.23 8,849.86 10,855.18 10,795.14 10,221.99
Provisions & Contingencies 1,409.35 1,638.66 1,170.05 1,931.10 1,159.81
Total Expenses 16,281.03 26,847.02 35,509.47 35,452.17 28,974.37
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit for the Year 2,540.07 3,110.22 4,157.73 3,758.13 4,024.98
Extraordionary Items 0.00 0.00 0.00 -0.58 0.00
Profit brought forward 188.22 293.44 998.27 2,436.32 2,809.65
Total 2,728.29 3,403.66 5,156.00 6,193.87 6,834.63
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 759.33 901.17 1,227.70 1,224.58 1,337.95
Corporate Dividend Tax 106.50 153.10 149.67 151.21 164.04
Per share data (annualised)
Earning Per Share (Rs) 28.55 34.59 37.37 33.76 36.10
Equity Dividend (%) 85.00 100.00 110.00 110.00 120.00
Book Value (Rs) 249.55 270.37 417.64 444.94 463.01
Appropriations
Transfer to Statutory Reserves 248.69 1,351.12 1,342.31 2,008.42 1,867.22
Transfer to Other Reserves 1,320.34 0.00 0.01 0.01 1.04
Proposed Dividend/Transfer to
865.83 1,054.27 1,377.37 1,375.79 1,501.99
Govt
Balance c/f to Balance Sheet 293.44 998.27 2,436.32 2,809.65 3,464.38
Total 2,728.30 3,403.66 5,156.01 6,193.87 6,834.63

Balance Sheet of ICICI Bank ------------------- in Rs. Cr. -------------------

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Capital and Liabilities:

Total Share Capital 1,239.83 1,249.34 1,462.68 1,463.29 1,114.89
Equity Share Capital 889.83 899.34 1,112.68 1,113.29 1,114.89
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 350.00 350.00 350.00 350.00 0.00
Reserves 21,316.16 23,413.92 45,357.53 48,419.73 50,503.48
Revaluation Reserves 0.00 0.00 0.00 0.00 0.00
Net Worth 22,555.99 24,663.26 46,820.21 49,883.02 51,618.37
165,083.1
Deposits 230,510.19 244,431.05 218,347.82 202,016.60
7
Borrowings 38,521.91 51,256.03 65,648.43 67,323.69 94,263.57
203,605.0
Total Debt 281,766.22 310,079.48 285,671.51 296,280.17
8
Other Liabilities & Provisions 25,227.88 38,228.64 42,895.39 43,746.43 15,501.18
251,388.9
Total Liabilities 344,658.12 399,795.08 379,300.96 363,399.72
5
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

 Assets
Cash & Balances with RBI 8,934.37 18,706.88 29,377.53 17,536.33 27,514.29
Balance with Banks, Money at
8,105.85 18,414.45 8,663.60 12,430.23 11,359.40
Call
146,163.1
Advances 195,865.60 225,616.08 218,310.85 181,205.60
1
Investments 71,547.39 91,257.84 111,454.34 103,058.31 120,892.80
Gross Block 5,968.57 6,298.56 7,036.00 7,443.71 7,114.12
Accumulated Depreciation 1,987.85 2,375.14 2,927.11 3,642.09 3,901.43
Net Block 3,980.72 3,923.42 4,108.89 3,801.62 3,212.69
Capital Work In Progress 147.94 189.66 0.00 0.00 0.00
Other Assets 12,509.57 16,300.26 20,574.63 24,163.62 19,214.93
251,388.9
Total Assets 344,658.11 399,795.07 379,300.96 363,399.71
5

119,895.7
Contingent Liabilities 177,054.18 371,737.36 803,991.92 694,948.84
8
Bills for collection 15,025.21 22,717.23 29,377.55 36,678.71 38,597.36
Book Value (Rs) 249.55 270.37 417.64 444.94 463.01

Key Financial Ratios of ICICI

------------------- in Rs. Cr. -------------------
Bank

Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06

Investment Valuation Ratios

Face Value 10.00 10.00 10.00 10.00 10.00
Dividend Per Share 8.50 10.00 11.00 11.00 12.00
Operating Profit Per Share (Rs) 36.75 42.19 51.29 48.58 49.80
Net Operating Profit Per Share
196.87 316.45 354.71 343.59 293.74
(Rs)
Free Reserves Per Share (Rs) 193.24 199.52 346.21 351.04 356.94
Bonus in Equity Capital -- -- -- -- --
Profitability Ratios
Interest Spread 2.67 3.43 3.51 3.66 5.66
Adjusted Cash Margin(%) 17.55 12.30 11.81 11.45 13.64
Net Profit Margin 14.12 10.81 10.51 9.74 12.17
Return on Long Term Fund(%) 56.24 82.46 62.34 56.72 44.72
Return on Net Worth(%) 14.33 13.17 8.94 7.58 7.79
Adjusted Return on Net
11.40 12.31 8.80 7.55 7.53
Worth(%)
Return on Assets Excluding
1.01 270.37 417.64 444.94 463.01
Revaluations
Return on Assets Including
1.01 270.37 417.64 444.94 463.01
Revaluations
Management Efficiency Ratios
Interest Income / Total Funds 8.36 9.55 10.60 9.82 8.82
Net Interest Income / Total
3.78 4.06 4.29 3.99 4.08
Funds
Non Interest Income / Total
0.22 0.10 0.02 0.08 0.08
Funds
Interest Expended / Total Funds 4.58 5.49 6.31 5.83 4.74
Operating Expense / Total
2.22 2.79 2.76 2.60 2.59
Funds
Profit Before Provisions / Total
1.49 1.19 1.40 1.30 1.41
Funds
Net Profit / Total Funds 1.21 1.04 1.12 0.96 1.08
Loans Turnover 0.15 0.17 0.20 0.18 0.17
Total Income / Capital
8.58 9.65 10.62 9.90 8.90
Employed(%)
Interest Expended / Capital
4.58 5.49 6.31 5.83 4.74
Employed(%)
Total Assets Turnover Ratios 0.08 0.10 0.11 0.10 0.09
Asset Turnover Ratio 2.94 4.52 5.61 5.14 4.60
Profit And Loss Account Ratios
Interest Expended / Interest
69.62 71.14 76.28 73.09 68.44
Earned
Other Income / Total Income 2.59 1.07 0.17 0.86 0.92
Operating Expense / Total
25.86 28.87 26.00 26.22 29.05
Income
Selling Distribution Cost
4.80 6.12 4.43 1.74 0.72
Composition
Balance Sheet Ratios
Capital Adequacy Ratio 13.35 11.69 13.97 15.53 19.41
Advances / Loans Funds(%) 84.89 77.72 72.67 69.86 58.57
Debt Coverage Ratios
Credit Deposit Ratio 87.59 83.83 84.99 91.44 90.04
Investment Deposit Ratio 46.07 41.15 42.68 46.35 53.28
Cash Deposit Ratio 5.77 6.99 10.12 10.14 10.72
Total Debt to Owners Fund 7.45 9.50 5.27 4.42 3.91
Financial Charges Coverage
1.39 1.25 1.25 0.25 0.33
Ratio
Financial Charges Coverage
1.33 1.22 1.20 1.20 1.26
Ratio Post Tax
Leverage Ratios
Current Ratio 0.08 0.09 0.11 0.13 0.14
Quick Ratio 6.64 6.04 6.42 5.94 14.70
Cash Flow Indicator Ratios
Dividend Payout Ratio Net
34.08 33.89 33.12 36.60 37.31
Profit
Dividend Payout Ratio Cash
27.36 28.84 29.08 31.00 32.33
Profit
Earning Retention Ratio 65.82 64.80 66.35 63.23 61.40
Cash Earning Retention Ratio 72.58 70.22 70.51 68.87 66.70
AdjustedCash Flow Times 52.30 65.12 52.34 49.41 44.79
 Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06

Earnings Per Share 28.55 34.59 37.37 33.76 36.10

Book Value 249.55 270.37 417.64 444.94 463.01

Key Financial Ratios of Indian

------------------- in Rs. Cr. -------------------
Overseas Bank

Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06

Investment Valuation Ratios

Face Value 10.00 10.00 10.00 10.00 10.00
Dividend Per Share 2.60 3.00 3.20 4.50 3.50
Operating Profit Per Share (Rs) 17.52 23.26 28.16 35.48 17.57
Net Operating Profit Per Share
86.15 111.64 153.43 200.27 207.58
(Rs)
Free Reserves Per Share (Rs) 26.15 34.32 42.79 42.83 45.21
Bonus in Equity Capital -- -- -- -- --
Profitability Ratios
Interest Spread 3.81 4.79 4.26 4.29 4.69
Adjusted Cash Margin(%) 16.69 17.12 14.79 12.16 7.10
Net Profit Margin 16.44 16.18 13.94 11.87 6.14
107.4
Return on Long Term Fund(%) 119.88 146.37 145.71 126.87
0
Return on Net Worth(%) 28.55 29.11 25.35 22.31 11.13
Adjusted Return on Net
24.21 25.97 25.31 21.16 11.10
Worth(%)
Return on Assets Excluding 1.32 71.08 87.05 109.06 116.54
Revaluations
Return on Assets Including
1.32 73.24 89.15 131.26 138.12
Revaluations
Management Efficiency Ratios
Interest Income / Total Funds 8.54 8.60 9.09 9.85 9.06
Net Interest Income / Total
4.28 3.98 3.34 3.74 3.39
Funds
Non Interest Income / Total
0.13 0.21 0.29 0.23 0.16
Funds
Interest Expended / Total Funds 4.26 4.63 5.75 6.11 5.67
Operating Expense / Total Funds 2.55 2.18 1.67 1.99 2.62
Profit Before Provisions / Total
1.76 1.92 1.88 1.89 0.84
Funds
Net Profit / Total Funds 1.43 1.43 1.31 1.20 0.57
Loans Turnover 0.16 0.15 0.16 0.16 0.15
Total Income / Capital
8.67 8.82 9.38 10.08 9.21
Employed(%)
Interest Expended / Capital
4.26 4.63 5.75 6.11 5.67
Employed(%)
Total Assets Turnover Ratios 0.09 0.09 0.09 0.10 0.09
Asset Turnover Ratio 5.42 6.08 7.58 4.64 4.60
Profit And Loss Account Ratios
Interest Expended / Interest
53.09 56.09 66.37 70.24 69.08
Earned
Other Income / Total Income 1.47 2.39 3.08 2.30 1.72
Operating Expense / Total
29.39 24.77 17.81 19.76 28.45
Income
Selling Distribution Cost
0.18 0.22 0.14 0.24 0.31
Composition
Balance Sheet Ratios
Capital Adequacy Ratio 13.04 13.27 11.96 12.70 14.26
Advances / Loans Funds(%) 72.34 76.58 74.45 75.89 69.78
Debt Coverage Ratios
Credit Deposit Ratio 63.27 68.60 70.22 73.36 72.96
Investment Deposit Ratio 40.06 35.99 34.27 32.36 32.65
Cash Deposit Ratio 7.65 6.51 9.02 8.17 6.45
Total Debt to Owners Fund 16.54 17.75 17.78 16.85 17.45
Financial Charges Coverage
1.44 1.43 1.34 1.32 1.16
Ratio
Financial Charges Coverage
1.36 1.33 1.24 1.21 1.12
Ratio Post Tax
Leverage Ratios
Current Ratio 0.03 0.02 0.02 0.02 0.03
 Quick Ratio 8.00 8.07 11.32 11.46 23.61
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 20.61 18.96 16.96 21.63 31.55
Dividend Payout Ratio Cash
19.25 17.87 15.96 20.10 27.24
Profit
Earning Retention Ratio 78.17 81.00 83.02 77.19 68.38
Cash Earning Retention Ratio 79.69 82.09 84.02 78.89 72.70
AdjustedCash Flow Times 63.55 64.41 66.09 73.71 135.59

Mar '07 Mar '08 Mar '09 Mar '10

Mar
'06

Earnings Per Share 14.38 18.51 22.07 24.34 12.98

Book Value 56.08 71.08 87.05 109.06 116.54

Balance Sheet of Indian Overseas

------------------- in Rs. Cr. -------------------
Bank

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Capital and Liabilities:

Total Share Capital 544.80 544.80 544.80 544.80 544.80
Equity Share Capital 544.80 544.80 544.80 544.80 544.80
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves 2,510.17 3,327.59 4,197.90 5,396.59 5,804.18
Revaluation Reserves 122.47 117.97 113.97 1,209.57 1,175.60
Net Worth 3,177.44 3,990.36 4,856.67 7,150.96 7,524.58
Deposits 50,529.32 68,740.41 84,325.58 100,115.89 110,794.71
Borrowings 736.63 2,896.23 6,353.65 6,548.28 8,982.20
Total Debt 51,265.95 71,636.64 90,679.23 106,664.17 119,776.91
Other Liabilities & 4,914.43 6,629.82 6,323.84 7,258.26 3,794.90
Provisions
Total Liabilities 59,357.82 82,256.82 101,859.74 121,073.39 131,096.39
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Assets
Cash & Balances with RBI 3,077.96 4,686.11 9,124.23 5,940.44 7,666.45
Balance with Banks, Money
629.28 4,293.19 1,217.09 4,981.46 2,158.19
at Call
Advances 34,756.20 47,060.29 60,423.84 74,885.27 79,003.93
Investments 18,952.28 23,974.47 28,474.71 31,215.44 37,650.56
Gross Block 865.33 1,000.13 1,102.80 2,352.74 2,460.53
Accumulated Depreciation 419.40 509.20 569.11 655.95 768.63
Net Block 445.93 490.93 533.69 1,696.79 1,691.90
Capital Work In Progress 11.80 19.73 24.88 13.07 7.67
Other Assets 1,484.35 1,732.11 2,061.29 2,340.93 2,917.70
Total Assets 59,357.80 82,256.83 101,859.73 121,073.40 131,096.40

Contingent Liabilities 9,658.91 15,846.11 24,173.83 31,016.27 31,288.74

Bills for collection 6,321.79 8,427.48 10,215.01 10,839.82 11,252.80
Book Value (Rs) 56.08 71.08 87.05 109.06 116.54

Profit & Loss account of Indian

------------------- in Rs. Cr. -------------------
Overseas Bank
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Income
4,406.2
Interest Earned 5,832.07 7,968.25 9,641.40 10,245.77
8
Other Income 728.21 862.76 1,075.46 1,713.07 1,196.59
5,134.4
Total Income 6,694.83 9,043.71 11,354.47 11,442.36
9
Expenditure
2,339.1
Interest expended 3,271.27 5,288.79 6,771.81 7,077.91
0
Employee Cost 893.57 931.07 949.68 1,271.84 1,734.75
Selling and Admin Expenses 390.63 465.80 419.34 737.99 1,320.98
Depreciation 55.34 61.12 75.10 100.94 111.76
Miscellaneous Expenses 672.52 957.14 1,108.46 1,146.10 490.00
Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00
1,455.4
Operating Expenses 1,604.61 1,610.73 2,307.20 3,385.96
0
Provisions & Contingencies 556.66 810.52 941.85 949.67 271.53
4,351.1
Total Expenses 5,686.40 7,841.37 10,028.68 10,735.40
6
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit for the Year 783.34 1,008.43 1,202.34 1,325.79 706.96
Extraordionary Items 0.00 0.00 0.00 0.00 0.00
Profit brought forward 0.00 0.00 0.00 0.00 0.00
Total 783.34 1,008.43 1,202.34 1,325.79 706.96
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 161.51 191.22 203.96 286.82 223.09
Corporate Dividend Tax 0.00 0.00 0.00 0.00 0.00
Per share data (annualised)
Earning Per Share (Rs) 14.38 18.51 22.07 24.34 12.98
Equity Dividend (%) 26.00 30.00 32.00 45.00 35.00
Book Value (Rs) 56.08 71.08 87.05 109.06 116.54
Appropriations
Transfer to Statutory Reserves 621.83 371.65 409.16 1,029.30 356.29
Transfer to Other Reserves 0.00 445.56 589.22 9.67 127.58
Proposed Dividend/Transfer to Govt 161.51 191.22 203.96 286.82 223.09
Balance c/f to Balance Sheet 0.00 0.00 0.00 0.00 0.00
Total 783.34 1,008.43 1,202.34 1,325.79 706.96

Source : Dion Global Solutions Limited

Cash Flow of Indian Overseas Bank ------------------- in Rs. Cr. -------------------

Mar '06 Mar '07 Mar '08 Mar '09 Mar '

12 mths 12 mths 12 mths 12 mths 12 mt

Net Profit Before Tax 0.00 0.00 0.00 0.00 0.00

Net Cash From Operating Activities -1954.88 4516.35 2086.17 243.11 -1210.19
Net Cash (used in)/from
-60.74 -114.04 -125.45 -90.07 -132.05
Investing Activities
Net Cash (used in)/from Financing
768.91 869.75 -598.71 427.54 244.98
Activities
Net (decrease)/increase In Cash and
-1246.71 5272.06 1362.02 580.58 -1097.26
Cash Equivalents
Opening Cash & Cash Equivalents 4953.96 3707.24 8979.30 10341.32 10921.90
Closing Cash & Cash Equivalents 3707.24 8979.30 10341.32 10921.90 9824.64
Ratios

  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Per share ratios

Adjusted EPS (Rs) 12.95 23.08 22.04 18.47 13.58
Adjusted cash EPS (Rs) 15.00 24.93 23.42 19.59 14.60
Reported EPS (Rs) 12.98 24.34 22.07 18.51 14.38
Reported cash EPS (Rs) 15.03 26.19 23.45 19.63 15.39
Dividend per share 3.50 4.50 3.20 3.00 2.60
Operating profit per share (Rs) 17.57 35.48 28.16 23.26 17.52
Book value (excl rev res) per share (Rs) 116.54 109.06 87.05 71.08 56.08
Book value (incl rev res) per share (Rs.) 138.12 131.26 89.15 73.24 58.32
Net operating income per share (Rs) 207.58 200.27 153.43 111.64 86.15
Free reserves per share (Rs) 45.21 42.83 42.79 34.32 26.15

Profitability ratios
Operating margin (%) 8.46 17.71 18.35 20.83 20.33
Gross profit margin (%) 7.47 16.78 17.45 19.83 19.15
Net profit margin (%) 6.14 11.87 13.94 16.18 16.44
Adjusted cash margin (%) 7.10 12.16 14.79 17.12 16.69
Adjusted return on net worth (%) 11.10 21.16 25.31 25.97 24.21
Reported return on net worth (%) 11.13 22.31 25.35 26.04 25.64
Return on long term funds (%) 126.87 145.71 146.37 119.88 107.40

Leverage ratios
Long term debt / Equity - - - - -
Total debt/equity 17.45 16.85 17.78 17.75 16.54
Owners fund as % of total source 5.41 5.60 5.32 5.33 5.70
Fixed assets turnover ratio 4.60 4.64 7.58 6.08 5.42

Liquidity ratios
Current ratio 0.76 0.32 0.32 0.26 0.30
Current ratio (inc. st loans) 0.02 0.02 0.02 0.02 0.02
Quick ratio 23.61 11.46 11.32 8.07 8.00
Inventory turnover ratio - - - - -

Payout ratios
Dividend payout ratio (net profit) 31.55 21.63 16.96 18.96 20.61
   Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06
Dividend payout ratio (cash profit) 27.24 20.10 15.96 17.87 19.25
Earning retention ratio 68.38 77.19 83.02 81.00 78.17
Cash earnings retention ratio 72.70 78.89 84.02 82.09 79.69

Coverage ratios
Adjusted cash flow time total debt 135.59 73.71 66.09 64.41 63.55
Financial charges coverage ratio 1.16 1.32 1.34 1.43 1.44
Fin. charges cov.ratio (post tax) 1.12 1.21 1.24 1.33 1.36

Component ratios
Material cost component (% earnings) - - - - -
Selling cost Component 0.31 0.24 0.14 0.22 0.18
Exports as percent of total sales - - - - -
Import comp. in raw mat. consumed - - - - -
Long term assets / total Assets 0.92 0.93 0.93 0.93 0.92
Bonus component in equity capital (%)