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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2014
FINANCIAL INFORMATION AND
RISK MANAGEMENT
137
İŞBANK
ANNUAL REPORT 2014
Prior Period
(1)
Real Estates Construction in Progress
Vehicles Other Tangible Assets
Total
Acquisition Cost
Balance at the Beginning of the Period
3,452,705
5,624
13,538
1,489,099 4,960,966
Movements in the Period
- Acquisitions
155,166
13,219
2597
205,923 376,905
- Disposals
(220,297)
(420)
(1,023)
(24,068)
(245,808)
- Transfers
(45,321)
(6,262)
(51,583)
- Impairment (-)
(2)
45,628
45,628
- Exchange difference
25
1,850
1,875
Balance at the End of the Current Period
3,387,881
12,161
15,137
1,672,804 5,087,983
Accumulated Depreciation
Balance at the Beginning of the Period
(2,185,464)
(11,280)
(943,314) (3,140,058)
Movements in the Period
- Depreciation Charge
(46,925)
(1,214)
(157,777)
(205,916)
- Disposals
76,736
977
12,913
90,626
- Transfers
- Impairment (-)
- Exchange difference (-)
(17)
(1,012)
(1,029)
Balance at the End of the Current Period
(2,155,653)
(11,534)
(1,089,190) (3,256,377)
Prior Year Net Book Value
1,267,241
5,624
2,258
545,785 1,820,908
Net Book Value at the End of the Current Period
1,232,228
12,161
3,603
583,614 1,831,606
(1)
As at the balance sheet date, the Bank's book value of tangible assets acquired through financial leasing TL 57 (2012: TL 466), and there is no entry in the current period. Book value of tangible fixed assets is during
the year which is obtained from the TL 170,421 (2012: TL 159,137).
(2)
Expertise in accordance with the revised the fair value of property, which is increased are reversed in the provision for impairment.
o. Information on Intangible Assets:
Current Period
Prior Period
Acquisition Cost
Balance at the Beginning of the Period
539,978
366,663
Movements in the Period
- Acquisitions
197,115
193,377
- Disposals
(1,434)
(20,062)
- Impairment
- Exchange difference
34
Balance at the End of the Period
735,693
539,978
Accumulated Amortization
Balance at the Beginning of the Period
344,019
261,756
Movements in the Period
- Amortization Charge (-)
117,555
95,708
- Disposals
(13,445)
- Impairment
Exchange difference
12
Balance at the End of the Current Period
461,586
344,019
Net Book Value at the End of the Prior Period
344,019
104,907
Net Book Value at the End of the Period
274,107
195,959
p. Information on investment property:
The Bank has not any investment properties.
r. Information on deferred tax asset:
As of 31 December 2014, the Bank has deferred tax asset amounting to TL 526,714. 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 2014, 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
11,797
28,583
Provisions
(1)
(545,365)
(559,910)
Valuation of Financial Assets
8,591
(1,542)
Other
(1,737)
(5,723)
Net Deferred Tax (Asset)/Liability:
(526,714)
(538,592)
(1)
Comprised of employee termination benefits, actual and technical deficits of the pension fund, the provisions for credit card bonus points, and other provisions.