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Financial Information and Risk
Management
İş Bankası
Annual Report 2013
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2013
V. Disclosures and Footnotes on Consolidated 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 2,286,486 and the
balance of extraordinary reserves is TL 10,812,744.
In the current period, the change in other reserves item is a result of the conversion profits of foreign branches and financial
institutions.
The details of revaluation surplus account of securities are shared in the Note Section V-II-l-9. TL 149,845 of this amount is the
deferred tax effect on available for sale securities. (31 December 2012: (TL 153, 679))
VI. Disclosures and Footnotes on the Consolidated Statement of Cash-Flows
The operating profit of TL 5,943,982 before the changes in operating assets and liabilities consists of interests received at
TL 15,627,984 predominantly from loans and securities, and TL 7,129,809 of interest paid predominantly on deposits, money
market transactions and funds borrowed by the Bank. An important part of other revenues, TL 3,942,287, consists of premium
collections of insurance companies. 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 4,853,581 (31 December 2012: TL 171,306).
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 9,341,149 (31 December 2012: TL 1,254,556).
The effect of changes in foreign exchange rates on cash and cash equivalents is TL 478,339 as of 31 December 2013 (31 December
2012: (TL 194,415)).
Cash, cash in foreign currency, unrestricted deposits in Central Bank of Turkey, money in transit, cheques purchased, money market
operations as well as demand deposits and time deposits up to 3 months are defined as cash and cash equivalents.
