274
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
n.
Information on investment property:
Investment properties are properties that the Group holds to earn rentals. Explanations on these subjects are given in Section Three
Note XIV.
Current Period
Prior Period
Acquisition Cost
Balance at the Beginning of the Period
1,367,428
1,270,234
Movements in the Period
Acquisitions
331,220
174,763
Disposals (-)
(143,995)
(827)
Impairment
18,677
3,275
Transfers
49
(80,017)
Impact of Consolidated Subsidiaries
Balance at the End of the Period
1,573,379
1,367,428
Accumulated Amortization
Balance at the Beginning of the Period
(258,724)
(232,940)
Movements in the Period
Depreciation Charge (-)
(21,788)
(25,860)
Disposals
51,652
Impairment
Transfers
(2,337)
76
Balance at the End of the Current Period
(231,197)
(258,724)
Net Book Value at the End of the Prior Period
1,108,704
1,037,294
Net Book Value at the End of the Period
1,342,182
1,108,704
o.
Information on deferred tax asset:
As of 31 December 2013, the Parent Bank and the other consolidated Group companies has deferred tax asset amounting to
TL 663,543. Such deferred tax asset is calculated based on the temporary differences between the book value of 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.
Current Period
Prior Period
Tangible Assets Base Differences
28,059
26,876
Provisions
(1)
(600,636)
(496,153)
Finance Lease Income Accruals
4,644
3,200
Valuation of Financial Assets
(43,279)
(157,305)
Other
(2)
(55,331)
(80,591)
Net Deferred Tax (Asset)/Liability:
(666,543)
(703,973)
(1)
Comprised of employee termination benefits, actual and technical deficits of the pension fund, insurance technical provisions, the provisions for credit card bonus
points, and other provisions.
(2)
The investment incentive application has ceased starting from 1 January 2006 and the investment incentives of companies, which have not been used as at
31 December 2005 are enabled to be used by deducting from incomes of years 2006, 2007 and 2008; and it is stated that the amount, if not deducted from the
2008 income, will not be transferred to other periods. On the other hand, the Court of Constitution has cancelled this regulation that removes the gained rights at the
meeting on 15 October 2009, finding it against the Constitution, and in this way, the time limitation with respect to the investment incentive was removed as at the
date of reporting. The related decision was published on the Official Gazette dated 8 January 2010. Within this context, İş Finansal Kiralama A.Ş., one of the consolidated
companies, has TL 230,055 unused investment incentive and TL 11,378 (31 December 2012: TL 42,721) of the “Other” item on the above table consists of the deferred
tax amount calculated over the related investment incentive.
