Türkiye İş Bankası A.Ş.
Notes to the Unconsolidated Financial Statements
for the Year Ended 31 December 2015
144 İşbank
Annual Report 2015
j. Information on jointly controlled entities:
There are no jointly controlled entities of the Bank.
k. Information regarding finance lease receivables of the Bank (Net):
The Bank has no finance lease receivables.
l. Explanations on derivative financial assets held for risk management:
The Bank has no derivative financial assets held for risk management.
m. Information on tangible assets (1) (net):
The Bank had practiced historical cost method in accordance with the “TAS 16” with respect to valuation of real estates which are classified under the tangible assets. As of the third
quarter of the current year, the Bank has changed its accounting policies and has started to use revaluation method for the real estates which are held for own use.
As a result of the valuations that are carried out by independent expertise firms, revaluation difference amounting to TL 2,279,090 recognized under shareholders’ equity, TL 17,877
provision amounts for impairment loses accounted in prior years are reversed and TL 6,843 provision are recognized for the real estates that are subject to valuation. The carrying
amount of real estates before valuation was TL 1,088,544.
Real Estates
Leased Tangible Assets
Vehicles
Other Tangible Assets
Total
Current Period
Cost
3,446,490
21,985
15,319
1,853,568
5,337,362
Accumulated Depreciation
(2,175,522)
(11,840)
(1,248,210)
(3,435,572)
Net Book Value
1,270,968
21,985
3,479
605,358 1,901,790
Current Period End:
Net Book Value at the Beginning of the Period
1,270,968
21,985
3,479
605,358
1,901,790
Change During the Period (Net)
(2)
2,434,485
(9,148)
2,335
226,460
2,654,132
Depreciation
(32,236)
(1,077)
(182,036)
(215,349)
Impairment
(3)
9,426
9,426
Net Currency Translation Differences
(2)
(3)
283
280
Cost at the Period End
3,694,315
12,837
15,896
2,068,071
5,791,119
Accumulated Depreciation at the Period End
(11,672)
(11,162)
(1,418,006)
(1,440,840)
Closing Net Book Value
3,682,643
12,837
4,734
650,065
4,350,279
(1)
As at the balance sheet date, the Bank’s book value of tangible assets acquired through financial leasing TL 24 (31 December 2014: TL 40), and there is no entry in the current period. Book value of tangible fixed
assets is during the year which is obtained from the TL 127,932 (31 December 2014: TL 208,252).
(2)
The balance includes the movements in cost and accumulated depreciation items.
(3)
Expertise in accordance with the revised the fair value of property and/or disposed, which are reversed in the provision for impairment.
n. Information on Intangible Assets:
Current Period
Prior Period
Net Book Value at the Beginning of the Period
274,107
195,959
Change During the Period (Net)
(1)
257,464
195,681
Depreciation
(177,583)
(117,555)
Impairment
Net Currency Translation Differences
(1)
(80)
22
Cost at the Period End
992,960
735,693
Accumulated Depreciation at Period End
639,052
461,586
Closing Net Book Value
353,908
274,107
(1)
The balance includes the movements in cost and accumulated depreciation items.
o. Information on investment property:
The Bank has not any investment properties.
p. Information on deferred tax asset:
As at 31 December 2015, the Bank has deferred tax asset amounting to TL 474,710. Such deferred tax asset is calculated based on the temporary differences between the book value
of the Bank’s assets and liabilities and their tax basis measured as per the prevailing tax regulation. When the items comprising the temporary differences are followed under equity,
the related tax asset/liability is directly recognized under equity items.
Current Period
Prior Period
Deferred Tax (Asset)/Liability:
Tangible and Intangible Assets
141,277
11,797
Provisions
(1)
(647,882)
(545,365)
Valuation of Financial Assets
12,667
8,591
Other
19,228
(1,737)
Net Deferred Tax (Asset)/Liability:
(474,710)
(526,714)
(1)
Comprised of employee termination benefits, actual and technical deficits of the pension fund, the provisions for credit card bonus points, and other provisions.
