229
Financial Information and Risk Management
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
o. Information on deferred tax asset:
As of 31 December 2015, the Parent Bank and the other consolidated Group companies has deferred tax asset amounting to TL 591,861. Such deferred tax asset is calculated based
on the temporary differences between the book value of 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
Tangible Assets Base Differences
146,072
23,623
Provisions
(1)
(734,587)
(608,527)
Finance Lease Income Accruals
3,393
4,216
Valuation of Financial Assets
4,635
20,840
Other
(2)
(11,374)
(67,388)
Net Deferred Tax (Asset)
(591,861)
(627,236)
(1)
Comprised of employee termination benefits, actual and technical deficits of the pension fund, insurance technical provisions, the provisions for credit card bonus points, and other provisions.
(2)
The investment incentive application has ceased starting from 1 January 2006 and the investment incentives of companies, which have not been used as at 31 December 2005 are enabled to be used by deducting
from incomes of years 2006, 2007 and 2008; and it is stated that the amount, if not deducted from the 2008 income, will not be transferred to other periods. On the other hand, the Court of Constitution has
cancelled this regulation that removes the gained rights at the meeting on 15 October 2009, finding it against the Constitution, and in this way, the time limitation with respect to the investment incentive was
removed as at the date of reporting. The related decision was published on the Official Gazette dated 8 January 2010. Within this context, İş Finansal Kiralama A.Ş., one of the consolidated companies, has TL 132,895
(31 December 2014: TL 283,354) unused investment incentive and TL 266 (31 December 2014: TL 18,375) of the “Other” item on the above table consists of the deferred tax amount calculated over the related
investment incentive.
The movement of deferred tax asset is as follows:
Current Period
Prior Period
Balance at the Beginning of the Period
620,660
650,007
Deferred Tax Benefit / (Charge) (Net)
(321,727)
286,399
Deferred Tax Recognized under Equity
287,753
(313,226)
Foreign Currency Difference
(724)
(2,520)
Deferred Tax Asset
(1)
585,962
620,660
(1)
In the current period consolidated financial statements, deferred tax asset amounts to TL 591,861 (31 December 2014: TL 627,236) and the deferred tax liability amounts to TL 5,899 (31 December 2014: TL 6,576);
the movement table states the net balance. Explanations on deferred tax liability are given in Section Five Note II j.2.
p. Information on assets held for sale and discontinued operations:
Current Period
Prior Period
Net Balance at the Beginning of the Period
65,993
68,649
Change during the periods (Net)
2,007
(735)
Amortized Cost
(680)
(1,908)
Foreign Currency Difference
(1)
(13)
Net Book Value at the End of the Current Period
67,319
65,993
The Group has no discontinued operations. The assets classified as “Assets Held for Sale” of the Group consist of real estates. Announcements about the real estate’s subject to sale
are also made by means of newspaper advertisements and similar media. Those real estates of the Parent Bank subject to sale are also announced on the Parent Bank’s web site.
r. Information on Other Assets of the Group:
The “other assets” item does not exceed 10% of total assets.
II. DISCLOSURES AND FOOTNOTES ON CONSOLIDATED LIABILITIES
a. Information on Deposits:
a.1. The maturity structure of deposits (Current Period):
Demand
7 Days
Notice
Up to 1
Month
1-3
Months
3-6
Months
6 Months
to 1 Year
1 Year and
Over
Accumulated
Deposits
Total
Savings Deposits
9,988,532
2,095,984 37,743,923 2,050,615
304,894
381,872
3,000 52,568,820
Foreign Currency Deposits
15,759,686
8,190,878 35,225,094 3,678,792 3,171,227 8,039,205
588 74,065,470
Residents in Turkey
13,664,362
6,940,348 30,588,635 2,448,254 626,419 2,049,771
581 56,318,370
Residents Abroad
2,095,324
1,250,530 4,636,459 1,230,538 2,544,808 5,989,434
7 17,747,100
Public Sector Deposits
536,863
10,475
19,631
2,379
210
32
569,590
Commercial Deposits
6,280,106
1,972,678 4,533,235 1,210,310
66,037
18,901
14,081,267
Other Institutions Deposits
256,734
44,558 1,287,059 1,495,502
886
3,199
3,087,938
Precious Metals Deposits
1,653,919
238,250
14,000
1,906,169
Interbank Deposits
763,508
2,813,015 1,557,093
245,761
212,904 2,329,755
7,922,036
The Central Bank of Turkey
16
16
Domestic Banks
3,275
2,186,759 336,808
2,055
2,528,897
Foreign Banks
555,055
626,256 1,220,285
243,706
212,904 2,329,755
5,187,961
Participation Banks
205,162
205,162
Other
Total
35,239,348
15,127,588 80,366,035 8,683,359 3,994,408 10,786,964
3,588 154,201,290
