241
Financial Information and Risk Management
Türkiye İş Bankası A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2015
V. DISCLOSURES AND FOOTNOTES ON CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
The paid-in capital is TL 4,500,000 in legal records. As of balance sheet date, the balance of legal reserves is TL 2,774,889 and the balance of extraordinary reserves is TL 15,797,306.
In the current period, changes in other reserves item is a result of the conversion that arise from foreign branches and financial organizations regarding with the actuarial loss of
compensation payment’s liability.
Change in retained earnings amounting to TL 42,870 is comprised of reclassification of revaluation surplus of sold real estates to retained earnings in accordance with the TAS 16
“Property, Plant and Equipment” amounting to TL 9,547, and the remaining amount is due to the change in group’s shares.
The details of revaluation surplus account of securities are shared in the Note Section V-II-l-9. TL 389,696 of this amount is the deferred tax effect on available for sale securities (31
December 2014: TL (154,228)).
TL 2,709,044 amount of tangible and intangible revaluation surplus account is detailed in Section Five and footnote numbered I-l..
VI. DISCLOSURES AND FOOTNOTES ON THE CONSOLIDATED STATEMENS OF CASH-FLOWS
The operating profit of TL 11,177,832 before the changes in operating assets and liabilities mostly comprised of TL 20,678,956 of interest received from loans and securities, and
TL 10,954,988 of interest paid on deposits, money market transactions and funds borrowed by the Bank. An important part of other revenues, TL 5,700,209, consists of premium
collections of insurance companies. The account “Other” classified under operating profit other than fees and commissions paid, cash payments to personnel and service suppliers and
taxes paid consists of other operating expenses and foreign exchange gains/losses accounts is TL 2,397,772 (31 December 2014: TL 4,923,445).
Net Increase (Decrease) in Other Liabilities account classified in changes of assets and liabilities resulting from the changes in Funds Provided Under Repurchase Agreements,
miscellaneous payables, other liabilities and taxes, duties, charges, and premiums is TL 4,719,629 increase (31 December 2014: TL 1,276,577 decrease).
The Net Cash Provided from Other Investing Activities account includes net cash flows from the sale of intangible assets and declined by TL 339,573 (31 December 2014: TL 233,353
decrease).
The effect of changes in foreign exchange rates on cash and cash equivalents is (TL 57,933) as of 31 December 2015. Due to the high rate of turnover of related foreign currency
assets, the difference between the last 30 days’ arithmetic average of currency exchange rates and the year-end currency exchange rate is used to calculate the effect of change in
foreign exchange rate. Under the same assumption, the effect of change in foreign exchange rate on cash and cash equivalents as of 31 December 2014 was TL 79,279.
Cash, cash in foreign currency, unrestricted deposits in Central Bank of Turkey, money in transit, cheques purchased, money market operations as well as demand deposits and time
deposits up to 3 months are defined as cash and cash equivalents.
Cash and cash equivalents at beginning of period:
31 December 2014
31 December 2013
Cash
8,351,714
8,336,582
Cash in TL and Foreign Currency
2,530,767
2,189,602
Central Bank of Turkey and Other
5,820,947
6,146,980
Cash Equivalents
5,210,602
4,706,027
Receivables fromMoney Market Operations
262,983
140,262
Banks’ Demand Deposits and Time Deposits Up to 3 Months
4,947,619
4,565,765
Total Cash and Cash Equivalents
13,562,316
13,042,609
The total amount resulting from the transactions made in the previous period shows the total cash and cash equivalents as of the beginning of the current period.
Cash and Cash equivalents as of end of the period:
31 December 2015
31 December 2014
Cash
7,837,113
8,351,714
Cash in TL and Foreign Currency
2,668,168
2,530,767
Central Bank of Turkey and Other
5,168,945
5,820,947
Cash Equivalents
6,081,306
5,210,602
Receivables fromMoney Market Operations
1,302,303
262,983
Banks’ Demand Deposits and Time Deposits Up to 3 Months
4,779,003
4,947,619
Total Cash and Cash Equivalents
13,918,419
13,562,316
