Türkiye İş Bankası A.Ş.
Notes to the Unconsolidated Financial Statements
for the Year Ended 31 December 2015
155
Financial Information and Risk Management
l. Explanation on other items on the income statement:
Other items do not exceed 10% of the total amount of the income statement.
V. DISCLOSURES AND FOOTNOTES ON STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
The paid-in capital is TL 4,500,000 in legal records. As of balance sheet date, the balance of legal reserves is TL 2,483,718 and the balance of extraordinary reserves is TL 15,018,038.
In the current period, the change in other reserves itemmainly is a result of the conversion profit of foreign branches and the actuarial loss related to employee termination benefit.
The details of revaluation surplus of securities are shared in the Note Section Five II-k.9. TL 229,495 of this amount is the deferred tax effect on available for sale securities (31
December 2014: TL (142,440)).
TL 2,279,090 amount of tangible and intangible revaluation surplus amount is detailed in the Section Five I-k.
Change in retained earnings amounting to TL 9,547 is comprised of reclassification of revaluation surplus of sold real estates to retained earnings in accordance with the TAS 16-
Property, Plant and Equipment.
VI. DISCLOSURES AND FOOTNOTES ON STATEMENTS OF CASH FLOWS
The operating profit of TL 10,417,838 before the changes in operating assets and liabilities mostly comprised of TL 18,615,121 of interest received from loans and securities, and
TL 10,034,161 of interest paid on deposits, money market operations and funds borrowed by the Bank. The account “Other” classified under operating profit other than fees and
commissions paid, cash payments to personnel and service suppliers and taxes paid consists of other operating expenses and foreign exchange gains/losses accounts is TL 1,952,434
(31 December 2014: TL (1,177,489)).
Net Increase (Decrease) in Other Liabilities account classified in changes of assets and liabilities resulting from the changes in Funds Provided Under Repurchase Agreements,
miscellaneous payables, other liabilities and taxes, duties, charges, and premiums is TL 2,183,101 (31 December 2014: 4,124,206 ).
Net Cash Provided from Other Investing Activities account includes net cash flows from sale of intangible assets and declined by TL 257,368 (31 December 2014: TL 195,704).
The effect of changes in foreign exchange rates on cash and cash equivalents is approximately TL (24,402) as of 31 December 2015. Due to the high rate of turnover of related foreign
currency assets, the difference between the last 30 days’ arithmetic average of currency exchange rates and the year end currency exchange rate is used to calculate the effect of
change in foreign exchange rate. Under the same assumption, the effect of change in foreign exchange rate on cash and cash equivalents as of 31 December 2014 was TL 54,386.
Cash, cash in foreign currency, unrestricted deposits in Central Bank of Turkey, money in transit, cheques purchased, precious metals, money market operations as well as demand and
timed up to 3 months are defined as cash and cash equivalents.
Cash and cash equivalents at beginning of the period:
Current Period
31 December 2014
Prior Period
31 December 2013
Cash
8,284,384
8,221,154
Cash in TL and Foreign Currency
2,501,742
2,152,329
Central Bank of Turkey and Other
5,782,642
6,068,825
Cash Equivalents
1,037,403
1,386,845
Banks’ Demand Deposits and Time Deposits Up to 3 Months
1,037,403
1,386,845
Money Market Receivables
Total Cash and Cash Equivalents
9,321,787
9,607,999
The total amount resulting from the transactions made in the previous period shows the total cash and cash equivalents as of the beginning of the current period.
Cash and cash equivalents at end of the period:
Current Period
31 December 2015
Prior Period
31 December 2014
Cash
7,780,546
8,284,384
Cash in TL and Foreign Currency
2,641,819
2,501,742
Central Bank of Turkey and Other
5,138,727
5,782,642
Cash Equivalents
1,155,775
1,037,403
Banks’ Demand Deposits and Time Deposits Up to 3 Months
1,155,775
1,037,403
Money Market Receivables
Total Cash and Cash Equivalents
8,936,321
9,321,787
