Item 1
ICICI Limited
Audited Financial Results for the period ended December 31, 2000
(Rs. in Million)
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Quarter Quarter Nine Months Nine Months Year
Ended Ended Ended Ended Ended
Dec 31, 2000 Dec 31, 1999 Dec 31, 2000 Dec 31, 1999 Mar 31, 2000
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1 Net sales /income from operations 22,348.7 21,269.5 65,465.6 61,572.5 84,049.1
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2 Other income 198.1 246.1 508.5 356.6 544.8
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3 Total Expenditure:
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(a) Staff Cost 248.2 161.1 747.6 533.4 708.6
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(b) Bad & Doubtful debts written-off/
provided for (including provision
for standard assets) 1,182.6 1,346.3 3,320.1 3,244.3 4,617.5
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(c) Other expenditure 752.9 518.3 2,094.8 1,391.1 1,950.8
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Total Expenditure 2,183.7 2,025.7 6,162.5 5,168.8 7,276.9
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4 Interest (including interest tax
and expenses on Borrowings) 16,611.8 15,219.8 48,192.7 44,748.4 60,055.6
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5 Depreciation 974.0 1,261.0 2,937.7 3,015.9 3,983.9
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6 Profit before tax 2,777.3 3,009.1 8,681.2 8,996.0 13,277.5
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7 Provision for taxation 248.0 295.0 738.0 885.0 1,220.0
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8 Net Profit after tax 2,529.3 2,714.1 7,943.2 8,111.0 12,057.5
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9 SEBI adjustments relating to change
in accounting policies for
corresponding previous periods - - - - -
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10 Adjusted Profit after taxation 2,529.3 2,714.1 7,943.2 8,111.0 12,057.5
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11 Profit after tax reported earlier 2,529.3 2,714.1 7,943.2 8,111.0 12,057.5
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12 Adjustments relating to earlier
years / change in accounting
policies - 3.5 - 414.8 405.4
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13 Taxation of earlier years - - 36.7
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14 Profit for the period 2,529.3 2,717.6 7,943.2 8,525.8 12,499.6
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15 Paid up Equity Share Capital 7,847.9 7,682.8 7,847.9 7,682.8 7,830.6
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(face value Rs. 10 per share)
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(including Equity Share Capital
Suspense)
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16 Reserves excluding Revaluation 80,265.8 72,480.0 80,265.8 72,480.0 72,394.7
Reserves
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17 Earning Per Share (Rs) @ 3.1 3.1 9.9 9.3 14.0
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@ EPS for all periods has been calculated based on 785 million shares outstanding.
During the Nine Months ended December 31, 2000 the following companies have become subsidiaries of ICICI Limited:
Date of becoming
Name of the Subsidiary Subsidiary
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1. ICICI ePayments Limited April 10, 2000
2. ICICI Securities Holding Inc. June 12, 2000
3. ICICI Securities Inc. June 13,2000
4. Ivory International Inc. June 14, 2000
5. ICICI Prudential Life Insurance Company Limited July 20, 2000
6. ICICI Eco-Net Limited Sept.25, 2000
7. ICICI Lombard General Insurance Company Ltd. Oct.30, 2000
8. ICICI Infotech Pte Ltd. Nov.8, 2000
9. ICICI Global Opportunities Fund, L.L.C. Dec.29, 2000
10. Traveljini.com (P) Limited May 11, 2000 Ceased to be the subsidiary w.e.f. December
30, 2000
11. Cafe Network Limited July 20, 2000 --------------------"-------------------------
12. Billjunction Payment Limited Sept. 8, 2000 --------------------"-------------------------
13. Webquity e-Marketing Limited Dec. 12, 2000 --------------------"-------------------------
The above results were taken on record by the Board of Directors of the Company at its meeting held on January 25,2001.
By Order of the
Board
Sd/.
(K.V. Kamath)
Managing Director &
CEO
END