171
Financial Information and Risk
Management
İş Bankası
Annual Report 2013
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements
for the Year Ended 31 December 2013
p.
Information on investment property:
The Bank has not any investment properties.
r.
Information on deferred tax asset:
As of 31 December 2013, the Bank has deferred tax asset amounting to TL 538,592. Such deferred tax asset is calculated based
on the temporary differences between the book value of the Bank’s 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. As of 31 December 2013, the Bank has no tax asset measured over the period loss
or tax relief.
Current Period
Prior Period
Deferred Tax (Asset)/Liability:
Tangible Assets Base Differences
28,583
28,419
Provisions
(1)
(559,910)
(462,737)
Valuation of Financial Assets
(1,542)
(162,872)
Other
(5,723)
2,699
Net Deferred Tax (Asset)/Liability:
(538,592)
(594,491)
(1)
Comprised of employee termination benefits, actual and technical deficits of the pension fund, the provisions for credit card bonus points, and other provisions.
The Movement of deferred tax assets are as follows:
Current Period
Prior Period
Balance at Beginning of Period
594,491
488,613
Deferred Tax Income/(Expense) (Net)
(329,474)
306,871
Deferred tax under Equity Accounting
273,566
(200,993)
Exchange Difference
9
Deferred Tax Asset
538,592
594,491
