226 İşbank
Annual Report 2015
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
h.4. Movement of investments in subsidiaries
(1)
:
Current Period
Prior Period
Balance at the Beginning of the Period
4,122,155
3,694,708
Movements in the Period
Purchases
(2)
322,050
179,845
Bonus Shares Acquired
Dividends Received from the Current Year Profit
Sales
Revaluation Surplus
(3)
157,354
247,602
Impairment
Balance at the End of the Period
4,601,559
4,122,155
Capital Commitments
Contribution in equity at the end of the period (%)
(1)
Reveals the information related to companies subject to consolidation in which Bank directly owns share.
(2)
TL 103,450 of related amount is comprised of the participation in the cash capital increase of Joint Stock Company İşbank, TL 36,777 of the participation in initial capital of JSC İşbank Georgia while the rest is due
other subsidiaries’ capital increase from prior periods’ profits through issuance of bonus shares in the current period.
(3)
The relevant amounts represent the increases and decreases in the market value of subsidiaries quoted on the stock exchange.
h.5. Sectoral information on consolidated subsidiaries and the related carrying amounts
(1)
:
Current Period
Prior Period
Banks
1,611,609
1,643,985
Insurance Companies
2,042,486
1,694,716
Factoring Companies
Leasing Companies
119,241
121,857
Finance Companies
Other Financial Subsidiaries
828,223
661,597
Total
4,601,559
4,122,155
(1)
Information of the consolidated subsidiaries in which the Bank has direct ownership is presented.
h.6. Consolidated subsidiaries traded on stock exchange
(1)
:
Current Period
Prior Period
Traded on domestic stock exchanges
3,561,289
3,222,112
Traded on foreign stock exchanges
(1)
Information of the consolidated subsidiaries in which the Bank has direct ownership is presented.
h.7. Consolidated subsidiaries disposed of in the current period:
None.
h. 8. Subsidiaries acquired in the current period:
Beginning from the 3 August 2015, the Bank has started to proceed its banking operations in Georgia under the JSC İşbank Georgia which is a fully owned subsidiary having a banking
license in Georgia and has an initial capital of TL 36,777 (Lari 30,000,000).
h. 9. Other issues on subsidiaries:
None.
i. Information on jointly controlled entities (Net):
i. 1. Unconsolidated jointly controlled entities:
None.
Jointly Controlled Entities
The Parent
Bank’s Share
The Share of
Group Current Asset
Fixed Asset
Long-term
Liability
Income
Expense
Anavarza Otelcilik A.Ş.
50%
2,188
282
2,256
5,160
Adana Otel Projesi Adi Ortaklığı
50%
1,236
14,775
334
4,134
Kanyon Yön. İşl. ve Paz. Ltd. Şti.
50%
8,163
2,300
1,626
24,451
24,466
i. 2.
Consolidated jointly controlled entities:
As per the “Communiqué on Preparation of Consolidated Financial Statements of Banks”, credit institutions or financial institutions jointly controlled entities are included in the scope
of consolidated financial statements. There are no jointly controlled entities which are excluded in the scope of the consolidation.
