254
İş Bankası
Annual Report 2013
Financial Information and Risk Management
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated 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
1,200,588
11,184
6,558
Equity Securities
195,388
Derivative Financial Assets Held for Trading
642,523
Other
17,077
129,323
Financial Assets Available-for-Sale
Debt Securities
24,611,395
6,084,344
1,221,353
Equity Securities
(1)
96,664
Other
119,253
Investments in Subsidiaries and Associates
(2)
2,889,429
Derivative Financial Liabilities
760,440
(1)
Since they are not traded in an active market, the equity securities (TL 40,816) 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.
There has not been any transition between level 1 and level 2 during the period.
The movement table of financial assets at level 3 is given below.
Current Period Prior Period
Balance at the Beginning of the Period
1,227,911
6,586,537
Purchases
2,995,775
18,576
Redemption or Sales
(297,139)
(3,191,156)
Valuation Difference
171,532
(135,876)
Transfers
47,211
(2,050,170)
Balance at the end of the Period
4,145,290
1,227,911
XIV. Explanations on Transactions Carried Out on Behalf of Third Parties and Fiduciary Transactions
The Group gives trading, custody, fund management services in the name and on the account of its customers. The Group has no
fiduciary transactions.
XV. Explanations on Consolidated Business Segmentation
The Group’s operations are classified as corporate, commercial, retail and private banking, and treasury/investment banking. While
the commercial and corporate operations are differentiated by the Parent Bank and its financial institutions, according to their own
criterion, in the classification of other operations, the same methods are applied by the Group.
Services to the large corporations, SMEs and other trading companies are provided through various financial media within the course
of the 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 guarantee, letter of credit, 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 are
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 Group’s investments in unconsolidated associates and subsidiaries are evaluated within the context of investment banking.
