228 İşbank
Annual Report 2015
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
l. Information on tangible assets:
The Bank and Group companies had measured the real estates which are classified under the tangible assets at its cost in accordance with the “TAS 16- Property, Plant and
Equipment”. Beginning from 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 that are
held for own use.
As a result of the valuations that are carried out by licensed expertise firms, revaluation difference amounting to TL 2,709,044 recognized under shareholders’ equity, TL 17,877
provision amounts for impairment loses accounted in prior years are reversed and TL 7,085 provision are recognized for the real estates that are subject to valuation. The carrying
amount of real estates before valuation was TL 1,636,939.
Current Period
Real Estates Construction in Progress
Vehicles
Other Tangible Assets
Total
Prior Period
Cost
3,718,761
229,324
21,702
2,046,224
6,016,011
Accumulated Depreciation
(2,239,364)
(15,293)
(1,377,666)
(3,632,323)
Net Book Value
1,479,397
229,324
6,409
668,558 2,383,688
Current Period
Net Book Value at the Beginning of the Period
1,479,397
229,324
6,409
668,558
2,383,688
Change During the Period (Net)
(1)(2)
3,459,945
(9,166)
2,733
263,656
3,717,168
Depreciation
(40,962)
(2,039)
(204,248)
(247,249)
Impairment
(3)
7,387
7,387
Net Currency Translation Differences
(2)
3,813
48
1,299
5,160
Effects of Subsidiaries Subject to Consolidation
169
2,339
2,508
Cost at Period End
4,922,091
220,158
21,563
2,297,582
7,461,394
Accumulated Depreciation at Period End
(12,511)
(14,243)
(1,565,978)
(1,592,732)
Net Book Value at the End of the Current Period
4,909,580
220,158
7,320
731,604 5,868,662
(1)
As at the balance sheet date, the Bank’s book value of tangible assets acquired through financial leasing TL 485 and there is no entry in the current period. Book value of tangible
assets which is obtained in return of receivables during the year is TL 131,287.
(2)
The balance includes the movements in cost and accumulated depreciation items.
(3)
They are the impairment releases related to the real estates, whose fair values have increased due to their renewed appraisals.
m. Information on Intangible Assets:
Explanation regarding consolidation goodwill that is included in intangible assets is given in Section Three under the caption of “XIII. Explanations on Goodwill and Other Intangible
Assets.” The table consisting movements of other intangible assets are presented below.
Current Period
Prior Period
Net Book Value at the Beginning of the Period
345,523
257,043
Change During the Period (Net)
(1)
337,733
231,919
Depreciation
(213,219)
(144,680)
Impairment
Currency Translation Differences
(1)
127
1,241
Effects of Subsidiaries subject to Consolidation
623
Cost at Period End
1,249,013
907,211
Accumulated Depreciation at Period End
(778,226)
(561,688)
Net Book Value at the End of the Period
470,787
345,523
(1)
The balance includes the movements in cost and accumulated depreciation items.
n. Information on investment property:
Investment properties are properties that the Group holds to earn rentals. Explanations on these subjects are given in Section Three Note XIV.
Current Period
Prior Period
Net Book Value at the Beginning of the Period
2,698,312
2,363,004
Change During the Period (Net)
7,923
52,109
Revaluations Surplus/Deficit
256,440
283,199
Net Book Value at the End of the Period
2,962,675
2,698,312
In accordance with the TAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors” accounting policy of measurement of investment properties is applied retrospectively
and the financial statements of prior period are restated. The effects of aforementioned adjustments on financial statements are given in Section III. Note I.
