152
İş Bankası
Annual Report 2013
Financial Information and Risk Management
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements
for the Year Ended 31 December 2013
Prior Period
Level 1
Level 2
Level 3
Financial Assets at Fair Value Through Profit and Loss
Debt Securities
743,081
4,978
6,558
Equity Securities
56
Derivative Financial Assets Held for Trading
618,663
Other
Financial Assets Available-for-Sale
(1)
Debt Securities
20,011,555
5,043,551
1,228,380
Other
48,333
Investments in Subsidiaries and Associates
(2)
5,496,345
Derivative Financial Liabilities
737,284
(1)
Since they are not traded in an active market, the equity securities (TL 15,084) under the financial assets available-for-sale are shown in the financial statements at
acquisition cost and the related securities are not shown in this table.
(2)
Since the unlisted investments in associates and subsidiaries are recognized at acquisition cost within the framework of TAS 39, these companies are not included in
the table.
The movement table of financial assets at level 3 is given below.
Current Period
Prior Period
Balance at the Beginning of the Period
1,234,938
6,352,548
Purchases
2,995,775
25,603
Redemption or Sales
(297,139)
(2,957,158)
Valuation Difference
171,547
(135,885)
Transfers
47,211
(2,050,170)
Balance at the end of the Period
4,152,332
1,234,938
XIV. Explanations on Transactions Carried Out on Behalf of Third Parties and Fiduciary Transactions
The Bank gives trading, custody, fund management services in the name and on the account of its customers. The Bank has no
fiduciary transactions.
XV. Explanations on Segment Reporting
The Bank’s operations are classified as corporate, commercial, retail and private banking, and treasury/investment banking.
The Bank provides services to the large corporations, SMEs and other trading companies through various financial media within the
course of its corporate and commercial operations. Services such as project financing, operating and investment loans, deposit and
cash management, credit cards, cheques and bills, foreign trade transactions and financing, letter of guarantees, letter of credits,
forfeiting, foreign currency trading, bill collections, payrolls, investment accounts, tax collections and other banking services are
provided for the aforementioned customer segments.
Retail banking services are comprised of individuals needs such as deposits, consumer loans, overdraft accounts, credit cards, bill
collections, remittances, foreign currency trading, safe-deposit boxes, insurance, tax collections, investment accounts and by other
banking services. Private banking category, are comprised of any kind of financial and cash management related services provided
for individuals within the high-income segment.
Treasury transactions are comprised of medium and long term funding tools such as securities trading, money market transactions,
spot and forward TL and foreign currency trading, and derivative transactions such as forwards, swaps, futures and options, as well
as syndications and securitizations.
The Bank’s investments in associates and subsidiaries operating in the financial and non-financial sectors are evaluated within the
context of investment banking. The details about the aforementioned investments are stated in note I.i and I.j section of Section
Five.
