12 mths 12 mths 12 mths

Capital and Liabilities:

Total Share Capital 1,239.83 1,249.34 1,462.68
Equity Share Capital 889.83 899.34 1,112.68
Share Application Money 0.00 0.00 0.00
Preference Share Capital 350.00 350.00 350.00
Reserves 21,316.16 23,413.92 45,357.53
Revaluation Reserves 0.00 0.00 0.00
Net Worth 22,555.99 24,663.26 46,820.21
Deposits 165,083.17 230,510.19 244,431.05
Borrowings 38,521.91 51,256.03 65,648.43
Total Debt 203,605.08 281,766.22 310,079.48
Other Liabilities & Provisions 25,227.88 38,228.64 42,895.39
Total Liabilities 251,388.95 344,658.12 399,795.08
Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths

Assets
Cash & Balances with RBI 8,934.37 18,706.88 29,377.53
Balance with Banks, Money at Call 8,105.85 18,414.45 8,663.60
Advances 146,163.11 195,865.60 225,616.08
Investments 71,547.39 91,257.84 111,454.34
Gross Block 5,968.57 6,298.56 7,036.00
Accumulated Depreciation 1,987.85 2,375.14 2,927.11
Net Block 3,980.72 3,923.42 4,108.89
Capital Work In Progress 147.94 189.66 0.00
Other Assets 12,509.57 16,300.26 20,574.63
Total Assets 251,388.95 344,658.11 399,795.07

Contingent Liabilities 119,895.78 177,054.18 371,737.36

Bills for collection 15,025.21 22,717.23 29,377.55
Book Value (Rs) 249.55 270.37 417.64

Finished Products ---------------------- in Rs. Cr. --------------------- Mar 20

Product Name Unit Installed Production Sales Sal
Capacity Quantity Quantit Val
y
Interest & Discount on Advances & Bills - NA NA NA 17,372.
Income From Investment - NA NA NA 6,466.
Commission,Exchange & Brokerage - NA NA NA 4,830.
Interest - NA NA NA 1,242.
Interest On Balances with RBI and Other - NA NA NA 624.
Inter-Bank Funds
Income From Sale Of Share & Securities - NA NA NA 546.
Dividend - NA NA NA 369.
Total   31453.

Profit & Loss account ------------------- in Rs. Cr. -------------------

  Mar '06 Mar '07 Mar '08

  12 mths 12 mths 12 mths

Income
13,784.5
Interest Earned 22,994.29 30,788.34
0
Other Income 5,036.62 6,962.95 8,878.85
18,821.1
Total Income 29,957.24 39,667.19
2
Expenditure
Interest expended 9,597.45 16,358.50 23,484.24
Employee Cost 1,082.29 1,616.75 2,078.90
Selling and Admin Expenses 2,360.72 4,900.67 5,834.95
Depreciation 623.79 544.78 578.35
Miscellaneous Expenses 2,616.78 3,426.32 3,533.03
Preoperative Exp Capitalised 0.00 0.00 0.00
Operating Expenses 5,274.23 8,849.86 10,855.18
Provisions & Contingencies 1,409.35 1,638.66 1,170.05
16,281.0
Total Expenses 26,847.02 35,509.47
3
  Mar '06 Mar '07 Mar '08

  12 mths 12 mths 12 mths

Net Profit for the Year 2,540.07 3,110.22 4,157.73

Extraordionary Items 0.00 0.00 0.00
Profit brought forward 188.22 293.44 998.27
Total 2,728.29 3,403.66 5,156.00
Preference Dividend 0.00 0.00 0.00
Equity Dividend 759.33 901.17 1,227.70
Corporate Dividend Tax 106.50 153.10 149.67
Per share data (annualised)
Earning Per Share (Rs) 28.55 34.59 37.37
Equity Dividend (%) 85.00 100.00 110.00
Book Value (Rs) 249.55 270.37 417.64
Appropriations
Transfer to Statutory Reserves 248.69 1,351.12 1,342.31
Transfer to Other Reserves 1,320.34 0.00 0.01
Proposed Dividend/Transfer to Govt 865.83 1,054.27 1,377.37
Balance c/f to Balance Sheet 293.44 998.27 2,436.32
Total 2,728.30 3,403.66 5,156.01

Yearly Results ------------------- in Rs. Cr. -------------------

  Mar '06 Mar '07 Mar '08

Sales Turnover 14,306.13 22,994.29 30,788.34

Other Income 4,983.14 5,929.17 8,810.77
Total Income 19,289.27 28,923.46 39,599.11
Total Expenses 6,595.22 8,916.92 11,058.77
Operating Profit 7,710.91 14,077.37 19,729.57
Profit On Sale Of Assets -- -- --
Profit On Sale Of Investments -- -- --
Gain/Loss On Foreign Exchange -- -- --
VRS Adjustment -- -- --
Other Extraordinary Income/Expenses -- -- --
Total Extraordinary Income/Expenses -- -- --
Tax On Extraordinary Items -- -- --
Net Extra Ordinary Income/Expenses -- -- --
Gross Profit 12,694.05 20,006.54 28,540.34
Interest 9,597.45 16,358.50 23,484.24
PBDT 3,096.60 3,648.04 5,056.10
Depreciation -- -- --
Depreciation On Revaluation Of Assets -- -- --
PBT 3,096.60 3,648.04 5,056.10
Tax 556.53 537.82 898.37
Net Profit 2,540.07 3,110.22 4,157.73
Prior Years Income/Expenses -- -- --
Depreciation for Previous Years Written Back/ Provided -- -- --
Dividend -- -- --
Dividend Tax -- -- --
Dividend (%) -- -- --
Earnings Per Share 28.55 34.58 37.37
Book Value -- -- --
Equity 889.83 899.34 1,112.68
Reserves 21,316.16 23,413.92 45,357.53
Face Value 10.00 10.00 10.00

Sales Turnover 16,332.71 22,759.07 23,562.86 19,879.95 18,817.60

Other Income 4,828.28 6,449.12 5,930.05 5,586.81 5,007.23
Total Income 21,160.99 29,208.19 29,492.91 25,466.76 23,824.83
Total Expenses 6,853.04 7,960.83 8,111.78 7,730.05 6,675.01
Operating Profit 9,479.67 14,798.24 15,451.08 12,149.90 12,142.59
Profit On Sale Of Assets -- -- -- -- --
Profit On Sale Of Investments -- -- -- -- --
Gain/Loss On Foreign Exchange -- -- -- -- --
VRS Adjustment -- -- -- -- --
Other Extraordinary Income/Expenses -- -- -- -- --
Total Extraordinary Income/Expenses -- -- -- -- --
Tax On Extraordinary Items -- -- -- -- --
Net Extra Ordinary Income/Expenses -- -- -- -- --
Gross Profit 14,307.95 21,247.36 21,381.13 17,736.71 17,149.82
Interest 11,571.64 17,534.43 17,335.08 13,800.53 12,310.43
PBDT 2,736.31 3,712.93 4,046.05 3,936.18 4,839.39
Depreciation -- -- -- -- --
Depreciation On Revaluation Of Assets -- -- -- -- --
PBT 2,736.31 3,712.93 4,046.05 3,936.18 4,839.39
Tax 451.21 705.04 1,031.68 916.77 1,140.12
Net Profit 2,285.10 3,007.89 3,014.37 3,019.41 3,699.27
Prior Years Income/Expenses -- -- -- -- --
Depreciation for Previous Years Written
-- -- -- -- --
Back/ Provided
Dividend -- -- -- -- --
Dividend Tax -- -- -- -- --
Dividend (%) -- -- -- -- --
Earnings Per Share 25.56 27.04 27.08 27.10 32.13
Book Value -- -- -- -- --
Equity 894.08 1,112.27 1,113.29 1,114.17 1,151.47
Reserves 23,550.80 45,401.25 48,922.00 51,126.33 54,277.68
Face Value 10.00 10.00 10.00 10.00 10.00

Cash Flow 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

Net Profit Before Tax 3096.61 3648.04 5056.10 5116.97 5345.32

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

Key Financial Ratios ------------------- in Rs. Cr. -------------------

of ICICI 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
196.8
Net Operating Profit Per Share (Rs) 316.45 354.71 343.59 293.74
7
193.2
Free Reserves Per Share (Rs) 199.52 346.21 351.04 356.94
4
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 Worth(%) 11.40 12.31 8.80 7.55 7.53
Return on Assets Excluding Revaluations 1.01 270.37 417.64 444.94 463.01
Return on Assets Including Revaluations 1.01 270.37 417.64 444.94 463.01
Management Efficiency Ratios
Interest Income / Total Funds 8.36 9.55 10.60 9.82 8.82
Net Interest Income / Total Funds 3.78 4.06 4.29 3.99 4.08
Non Interest Income / Total Funds 0.22 0.10 0.02 0.08 0.08
Interest Expended / Total Funds 4.58 5.49 6.31 5.83 4.74
Operating Expense / Total Funds 2.22 2.79 2.76 2.60 2.59
Profit Before Provisions / Total Funds 1.49 1.19 1.40 1.30 1.41
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 Employed(%) 8.58 9.65 10.62 9.90 8.90
Interest Expended / Capital Employed(%) 4.58 5.49 6.31 5.83 4.74
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 Earned 69.62 71.14 76.28 73.09 68.44
Other Income / Total Income 2.59 1.07 0.17 0.86 0.92
Operating Expense / Total Income 25.86 28.87 26.00 26.22 29.05
Selling Distribution Cost Composition 4.80 6.12 4.43 1.74 0.72
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 Ratio 1.39 1.25 1.25 0.25 0.33
Financial Charges Coverage Ratio Post Tax 1.33 1.22 1.20 1.20 1.26
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 Profit 34.08 33.89 33.12 36.60 37.31
Dividend Payout Ratio Cash Profit 27.36 28.84 29.08 31.00 32.33
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

249.5
Book Value 270.37 417.64 444.94 463.01
5