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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
h.
Information on Profit/Loss before taxes including Profit/Loss from continuing and discontinued operations
The Bank’s profit before tax is generated from its continuing operations. The profit before tax consists of net interest income of
TL 6,655,430, net fee and commission income of TL 1,919,086 and the other operation expenses amount to TL 4,962,519.
i.
Information on Provision for taxes from continuing and discontinued operations
As of 31 December 2013 the amount of the Bank’s tax provision is TL 693,334 and the amount consists of current tax expense that
is amounting to TL 363,380 and consists of deferred tax income amounting TL 329,474.
j.
Information on net operating profit/loss after taxes including net profit/loss from continuing and discontinued operations:
The Bank’s net profit generated from its continuing operations amounts to TL 3,163,365.
k.
Information on net period profit/loss:
k.1. Income and expenses resulting from ordinary banking activities: There is no specific issue required to be disclosed for the
Bank’s performance for the period between 1 January 2013 - 31 December 2013.
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 of received fees and commissions 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. Explanation on other items on the income statement:
Other items do not exceed 10% of the total amount of the income statement.
V. Disclosures and Footnotes on 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 2,044,830 and the
balance of extraordinary reserves is TL 10,177,540.
In the current period, the change in other reserves itemmainly is a result of the conversion profit of foreign branches.
The details of revaluation surplus of securities are shared in the Note no. V-II-m.9. TL 147,368 of this amount is the deferred tax
effect on available for sale securities (31 December 2012: (TL 134,432)).
VI. Disclosures and Footnotes on Statements of Cash Flows
The operating profit of TL 5,242,758 before the changes in operating assets and liabilities consists of TL 13,769,237 of interest
received predominantly from loans and securities, and TL 6,778,433 of interest predominantly paid on mainly deposits, money
market operations and funds borrowed by the Bank. 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 1,130,680 (31.12.2012: TL 3,553,905).
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 7,236,821 (31.12.2012: 3,585,875).
The effect of changes in foreign exchange rates on cash and cash equivalents is approximately TL 595,762 as of 31 December 2013
(31 December 2012: (TL (116,937)).
Cash, cash in foreign currency, unrestricted deposits in Central Bank of Turkey, money in transit, cheques purchased, precious
metals, money market operations as well as demand and timed up to 3 months are defined as cash and cash equivalents.
