24.2.20. Cash and bank balances
The details of balances as on Balance Sheet dates with scheduled banks are as follows :
in 
crore
Balances with scheduled banks in India |
As at March 31, |
|
2011 |
2010 |
|
In current accounts |
||
Citibank – Unclaimed dividend account |
1 |
– |
Citibank N.A., India |
2 |
2 |
Deustche Bank |
12 |
13 |
Deustche Bank – EEFC (Euro account) |
8 |
3 |
Deustche Bank – EEFC (Swiss Franc account) |
2 |
– |
Deutsche Bank – EEFC (United Kingdom Pound Sterling account) |
– |
1 |
Deustche Bank – EEFC (U.S. Dollar account) |
143 |
8 |
HDFC Bank – Unclaimed dividend account |
1 |
1 |
ICICI Bank |
32 |
133 |
ICICI Bank – EEFC (Euro account) |
– |
1 |
ICICI Bank – EEFC (United Kingdom Pound Sterling account) |
1 |
2 |
ICICI Bank – EEFC (U.S. Dollar account) |
22 |
10 |
ICICI Bank – Unclaimed dividend account |
1 |
1 |
225 |
175 |
|
In deposit accounts |
||
Andhra Bank |
399 |
99 |
Allahabad Bank |
561 |
150 |
Axis Bank |
536 |
– |
Bank of India |
1,197 |
881 |
Bank of Baroda |
1,100 |
299 |
Bank of Maharashtra |
506 |
500 |
Barclays Bank |
– |
100 |
Canara Bank |
1,329 |
963 |
Central Bank of India |
354 |
100 |
Corporation Bank |
295 |
276 |
DBS Bank |
– |
49 |
HDFC Bank |
646 |
– |
HSBC Bank |
– |
483 |
ICICI Bank |
788 |
1,435 |
IDBI Bank |
770 |
909 |
ING Vysya Bank |
– |
25 |
Indian Overseas Bank |
518 |
140 |
Jammu and Kashmir Bank |
12 |
10 |
Kotak Mahindra Bank |
25 |
61 |
Oriental Bank of Commerce |
653 |
100 |
Punjab National Bank |
1,493 |
994 |
Standard Chartered Bank |
– |
– |
State Bank of Hyderabad |
255 |
233 |
State Bank of India |
457 |
126 |
State Bank of Mysore |
354 |
496 |
South Indian Bank |
50 |
– |
Syndicate Bank |
504 |
475 |
The Bank of Nova Scotia |
– |
– |
Union Bank of India |
631 |
93 |
Vijaya Bank |
144 |
95 |
Yes Bank |
33 |
– |
13,610 |
9,092 |
|
The details of balances as on Balance Sheet dates with non-scheduled banks are as follows :
in crore
Balances with non-scheduled banks |
As at March 31, |
|
2011 |
2010 |
|
In current accounts |
||
ABN AMRO Bank, China |
17 |
33 |
ABN AMRO Bank, China (U.S. Dollar account) |
24 |
14 |
ABN AMRO Bank, Taiwan |
3 |
2 |
Bank of America, Mexico |
4 |
18 |
Bank of America, U.S. |
296 |
686 |
Banamex, Mexico |
2 |
2 |
China Merchants Bank, China |
– |
1 |
Citibank NA, Australia |
61 |
25 |
Citibank NA, Brazil |
5 |
9 |
Citibank NA, China (U.S. Dollar account) |
11 |
– |
Citibank NA, Czech Republic |
1 |
– |
Citibank NA, Czech Republic (U.S. Dollar account) |
– |
2 |
Citibank NA, New Zealand |
2 |
1 |
Citibank NA, Japan |
17 |
2 |
Citibank NA, Thailand |
1 |
1 |
Deutsche Bank, Belgium |
5 |
18 |
Deutsche Bank, Czech Republic |
1 |
– |
Deutsche Bank, France |
3 |
1 |
Deutsche Bank, Germany |
5 |
12 |
Deutsche Bank, Moscow (U.S. Dollar account) |
– |
1 |
Deutsche Bank, Netherlands |
2 |
7 |
Deustche Bank, Philippines |
1 |
– |
Deustche Bank, Philippines (U.S. Dollar account) |
1 |
3 |
Deutsche Bank, Poland |
1 |
2 |
Deustche Bank, Poland (Euro account) |
2 |
1 |
Deutsche Bank, Spain |
1 |
1 |
Deustche Bank, Thailand |
– |
3 |
Deustche Bank, Thailand (U.S. Dollar account) |
– |
1 |
Deutsche Bank, U.K. |
40 |
29 |
Deutsche Bank, Singapore |
3 |
1 |
Deutsche Bank, Switzerland |
1 |
10 |
Deutsche Bank, Switzerland (U.S. Dollar account) |
– |
1 |
HSBC Bank, U.K. |
10 |
2 |
ICICI Bank, U.K. |
1 |
1 |
National Australia Bank Limited, Australia |
1 |
21 |
National Australia Bank Limited, Australia |
– |
14 |
Nordbanken, Sweden |
5 |
1 |
Royal Bank of Canada, Canada |
23 |
20 |
Shanghai Pudong Development Bank, China |
2 |
– |
Wachovia Bank, U.S. |
– |
7 |
552 |
953 |
|
In deposit accounts |
||
ABN AMRO bank, China |
14 |
– |
Bank of America, Mexico |
17 |
– |
Bank of America, U.S. |
82 |
– |
Citibank N.A., Czech Republic |
5 |
9 |
Citibank N.A, (Euro account) |
– |
3 |
Citibank N.A, (U.S. Dollar account) |
1 |
4 |
Citibank N.A, Brazil |
3 |
– |
Deutsche Bank, Poland |
21 |
8 |
HSBC Bank, London |
18 |
– |
National Australia Bank Limited, Australia |
546 |
312 |
Nordbanken, Sweden |
1 |
– |
708 |
336 |
|
Total cash and bank balances as per Balance Sheet |
15,095 |
10,556 |
24.2.21. Cash Flow statement
24.2.21.a. Unclaimed dividend
The balance of cash and cash equivalents includes 3 crore as at March 31, 2011 (2 crore as at March 31, 2010) set aside for payment of dividends.
24.2.21.b. Balances held by controlled trusts
The balance of cash and cash equivalents includes 106 crore and 69 crore as at March 31, 2011 and March 31, 2010 held by controlled trusts.
24.2.21.c. Restricted cash
Deposits with financial institutions as at March 31, 2011 include 437 crore (337 crore as at March 31, 2010) deposited with Life Insurance Corporation of India to settle employee related obligations as and when they arise during the normal course of business. This amount is considered as restricted cash and is hence not considered ‘cash and cash equivalents’.
24.2.22 Exceptional item
During the year ended March 31, 2010 the Company sold 32,31,151 shares of OnMobile Systems Inc., U.S. (OMSI) at a price of 166.58 per share amounting to a total consideration of 53 crore, net of taxes and transaction costs. The resultant income of 48 crore has been appropriated to capital reserve.
24.3. Details of rounded off amounts
The financial statements are represented in crore as per the approval received from the Department of Company Affairs (DCA) earlier. Those items which were not represented in the financial statement due to rounding off to the nearest crore are given as follows :