240 İşbank
Annual Report 2015
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
g. Other operating expenses:
Current Period
Prior Period
Personnel Expenses
(1)
3,139,025
2,952,787
Reserve for Employee Termination Benefits
55,629
53,630
Bank Pension Fund Deficit Provisions
277,523
122,568
Impairment Losses on Tangible Assets
7,085
Depreciation Expenses of Tangible Assets
242,247
244,771
Impairment Losses on Intangible Assets
Impairment Losses on Goodwill
Amortization Expenses of Intangible Assets
211,757
144,680
Impairment Losses on Investments Accounted Under Equity Method
Impairment Losses on Assets to be Disposed
3,275
2,566
Depreciation Expenses of Assets to be Disposed
5,682
6,153
Impairment Losses on Assets Held for Sale and Subject to Discontinued Operations
Other Operating Expenses
2,142,616
1,911,332
Operational Lease Related Expenses
328,125
272,197
Repair and Maintenance Expenses
109,096
39,304
Advertisement Expenses
(2)
239,268
219,579
Other Expenses
(2)
1,466,127
1,380,252
Loss on Sale of Assets
(3)
160,899
275,124
Other
4,694,555
3,785,767
Total
10,940,293
9,499,378
(1)
According to “TAS 19-Employee Benefits”, it includes provision for the payments that will be made to employees such as dividend distribution etc.
(2)
Expense amount of the Bank’s donation, aid and social responsibility projects is TL 32,815 in the current period. (31 December 2014: TL 28,295)
(3)
In the current period, TL 155,084 of the related item includes the loss on the sale of Groups’ stake in Avea İletişim Hizmetleri A.Ş. to Türk Telekomünikasyon A.Ş. with installments.
On the table above, TL 3,611,428 of other operating expense includes insurance and reinsurance companies’ expenses which are related with their operations. The paid claims
comprise almost this entire amount both in current and prior period (31 December 2014: TL 2,912,558). Also in the current period, the Other item includes TL 242,081 of the related
item is due to the expenses incurred as a result of the return of the loan commission income recognised in prior years, TL 82,583 is due to the administrative fine which was paid to
the Custom and Trade Ministry, detailed in the Section Five and the footnote numbered II-i.5.5 and TL 265,015 is due to taxes, duties, charges and funds.
h. Information on profit/loss before taxes including profit/loss from continuing and discontinued operations
The Group’s profit before tax is generated from its continuing operations. The profit before tax consists of net interest income of TL 10,195,865, net fee and commission income of TL
1,807,881 and the other operation expenses amount to TL 10,940,293.
i. Information on Provision for taxes including taxes from continuing and discontinued operations
As of 31 December 2015 the amount of the Group’s tax provision is TL 850,228 and the amount consists of current tax expense that is amounting to TL 528,501 and consists of
deferred tax income amounting TL 321,727.
j. Information on net operating profit/loss after taxes including net profit/loss from continuing and discontinued operations:
The Group’s net profit generated from its continuing operations amounts to TL 3,739,671.
k. Information on net period profit/loss:
k.1. Income and expense resulting from ordinary banking activities:
There is no specific issue required to be disclosed for the Group’s performance for the period between 1 January
2015 – 31 December 2015.
k.2. Effects of changes in accounting estimates on the current and future periods’ profit/loss:
There is no issue to be disclosed
k.3.
“The Other’’ itemwhich is located at the bottom “Fees and Commissions Received” in the income statement consist of various fees and commissions received from transactions
such as credit card transactions, capital market transactions and insurance-reinsurance transactions.
k.4.
Other items do not exceed 10% of the total amount of the income statement.
l. Net profit / loss of non-controlling Interest:
Current Period
Prior Period
Net Profit / Loss of Non-controlling Interest
408,931
496,698
