50
SCHEDULES TO FINANCIAL STATEMENTS
for the year ended 31 March 2012
In ` thousands Treasury
Markets Corporate
Wholesale Banking Retail Banking
Total
Segment Assets 231,875,086
129,156,720 50,805
361,082,611 159,725,933
75,617,298 29,546
235,372,777 Unallocated assets
2,776,612 2,065,802
Total Assets 363,859,223
237,438,579
Segment Liabilities 203,390,911
92,823,772 40,538,610
336,753,293 144,891,953
70,937,436 3,182,711
219,012,100 Unallocated Liabilities
687,911 448,700
Capital and Reserves 26,418,019
17,977,779
Total Liabilities 363,859,223
237,438,579
Figures in brackets indicate previous year figures The Bank does not have overseas operations and operates only in the domestic segment.
40. RELATED PARTIES
Related parties disclosures under AS 18 include:
Parent
• DBS Bank Ltd., Singapore
Branches of ParentSubsidiaries of Parent
• DBS Bank Hong Kong Limited • DBS Bank Ltd., London
• DBS Bank Ltd., Tokyo • DBS Bank Ltd., Los Angeles
Associate of Parent
• Cholamandalam DBS Finance Limited
Entity over which the Bank exercises control
• DBS Bank Employees’ Provident Fund Trust
Key Management Personnel
• Sanjiv Bhasin: General Manager and Chief Executive Oficer
DBS Bank Ltd., India Annual Report 2011-12 51
SCHEDULES TO FINANCIAL STATEMENTS
for the year ended 31 March 2012
With regard to RBI Circular No. DBOD.BP.BC. No.1621.04.0182011-12 dated 01 July 2011, the Bank has not disclosed details pertaining to related parties where under a category, there is only one entity. Accordingly disclosures have only been
made for transactions with “Branches of ParentSubsidiaries of Parent”.
ItemsRelated Party In ` thousands 31 Mar 2012
31 Mar 2011 Deposit
68 68
68 68
Placement of Deposits
12,970 30,397
3,677,577 1,847,993
Borrowings -
190,148 3,052,500
3,790,575 DerivativesForward Contracts
- -
1,202,241 1,659,898
Interest paid 414
285 Interest received
58 65
Figures in brackets indicate maximum outstanding during the year Material related party transactions are given below:
A specific related party transaction is disclosed as a material related party transaction wherever it exceeds 10 of all related party transactions in that category. Following were the material transactions between the Bank and its related parties.
Placement of Deposits: Nostro deposit was placed with DBS Bank Ltd., Tokyo ` 11,054 thousands Previous Year: ` 29,024 thousands
Interest received: Interest on money market lending received from DBS Bank Ltd., London ` 58 thousands Previous Year: ` 65 thousands
41. OPERATING LEASES
Operating Leases are entered into for office premises and staff accommodation. The total of future minimum lease payments under non-cancellable operating leases as determined by the lease agreements for each of the following periods are as
follows:
In ` thousands 31 Mar 2012
31 Mar 2011 Not later than one year
42,835 210,990
Later than one year and not later than 5 years 63,062
Nil Later than five years
Nil Nil
The lease payments for the year ended 31 March 2012 charged to the Profit and Loss Account amount to ` 401,040 thousand Previous Year ` 381,177 thousands.
42. EMPLOYEE BENEFITS
