234 İşbank
Annual Report 2015
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
j.1.2.
Information on taxes payable:
Current Period
Prior Period
Corporate Tax Payable
359,959
436,879
Tax on Securities Income
141,073
125,373
Tax on Real Estate Income
3,697
3,284
Banking Insurance Transaction Tax
139,015
119,006
Foreign Exchange Transaction Tax
68
48
Value Added Tax Payable
12,634
7,126
Other
59,923
47,709
Total
716,369
739,425
j.1.3.
Information on premiums:
Current Period
Prior Period
Social Security Premiums – Employees
1,646
1,451
Social Security Premiums – Employer
2,057
1,724
Bank Pension Fund Premiums – Employees
Bank Pension Fund Premiums – Employer
Pension Fund Membership Fees and Provisions-Employees
2,414
1,626
Pension Fund Membership Fees and Provisions-Employer
2
9
Unemployment Insurance – Employees
1,343
1,173
Unemployment Insurance – Employer
2,662
2,330
Other
2
493
Total
10,126
8,806
j.2. Information on deferred tax liabilities:
The Parent Bank and the consolidated Group companies have TL 5,899 deferred tax liability as of 31 December 2015. The related deferred tax liability is calculated over the temporary
differences between the book values of assets and liabilities in the records and their tax base values calculated according to tax.
Current Period
Prior Period
Tangible Assets Tax Base Differences
27,085
6,576
Provisions
(13,166)
Valuation of Financial Assets
368
Other
(8,388)
Net Deferred Tax Liability
5,899
6,576
k. Information on payables for assets held for sale and discontinued operations:
The Group does not have any payables for assets held for sale and discontinued operations.
l. Explanations on subordinated debts:
As of 24 October 2012, the Bank issued 10 year-term bond with a nominal value of USD 1,000,000,000 and as of 10 December 2013 issued 10 year-term bond with a nominal value
USD 400,000,000 which are both have the characteristic of subordinated loans for the purpose of making available to the individuals and legal persons who are resident abroad.
Interest rates of aforementioned bonds are 6.00% and 7.85% respectively.
The bonds mentioned are amounting to TL 4,047,133 as of 31 December 2015 (31 December 2014: TL 3,268,784).
In addition the Bank, TSKB, consolidated subsidiary of the Parent Bank, has used a subordinated debt amounting USD 50 million from International Finance Corporation through direct
financing on 5 November 2004. The maturity date of the subordinated debt with interest rate of Libor+3.00% and without any repayment of principal in the first five years is 15
October 2016. The Bond which has TL 145,836 balance sheet value at the end of the period has 3.53 % interest rate (31 December 2014: TL 116,065).
m. Information on consolidated shareholders’ equity:
m.1. Presentation of paid-in capital:
Current Period
Prior Period
Common shares
4,499,970
4,499,970
Preferred shares
30
30
Total
4,500,000
4,500,000
m.2. Explanation as to whether the registered share capital system ceiling is applicable at bank, if so, the amount of registered share capital:
Capital System
Paid-in Capital
Ceiling
Registered Capital System
4,500,000
10,000,000
m.3. The capital increase made in current period:
None.
m.4. Capital increase through transfer from capital reserves during the current period:
None.
m.5.
Significant commitments of the Parent Bank related to capital expenditures within the last year and the following quarter, the general purpose thereof, and the estimation of
funds required for them: There are no capital commitments.
