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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
143
İŞBANK
ANNUAL REPORT 2014
m.3. The capital increase made in current period:
None.
m.4. Information on capital increase through transfer from capital reserves during the current period:
None.
m.5. Significant commitments of the Bank related to capital expenditures within the last year and the following quarter, the general purpose thereof, and the estimation of funds
required for them:
There are no capital commitments.
m.6.
Information regarding the shares of the company acquired; Bank and included in the Bank did not acquired their own share.
m.7. Previous periods’ indicators related to income, profitability and liquidity, and the estimated effects of forecasts, which are to be made by taking into consideration the
uncertainties of these indicators, on the Bank’s equity:
The Bank’s balance sheet is managed in a prudent way to ensure that the effect of risks arising from interest rates, exchange
rates and loans is at the lowest level.
m.8. Privileges Granted to Shares:
Turkish Commercial Law and related registiration are kept conditionally;
Group (A) shares each with a nominal value of 1 Kurus have the privileges of;
• Receiving 20 times the number of shares in the distribution of bonus shares issued from conversion of extraordinary and revaluation reserves generated in accordance with the
relevant laws (Article 18 of the Articles of Incorporation)
• Exercising the preference rights as 20 times (Article 19 of the Articles of Incorporation), and
Despite having a lower nominal value, Group (B) shares, each with a nominal value of 1 Kurus, have the same rights with the Group (C) shares having a nominal value of 4 Kurus each.
Furthermore, Group (A) and (B) shares, each with a nominal value of 1 Kurus, are granted privileges in distribution of profits pursuant to Article 58 of the Articles of Incorporation.
m.9. Information on marketable securities value increase fund:
Current Period
Prior Period
TL
FC
TL
FC
Associates, Subsidiaries and Jointly Controlled Entities
4,054,349
2,618,616
Valuation Difference
4,054,349
2,618,616
Foreign Exchange Differences
Financial Assets Available for Sale
569,417
328,710
(590,142)
(42,776)
Valuation Difference
711,857
328,710
(737,510)
(42,776)
Deferred Tax Effect on Valuation
(142,440)
147,368
Foreign Exchange Differences
Total
4,623,766
328,710
2,028,474
(42,776)
III. Disclosures and Footnotes on Off Balance Sheet Items
a. Explanations to Liabilities Related to Off-Balance Sheet Items:
a.1. Types and amounts of irrevocable loan commitments:
Commitment for customer credit card limits amounts to TL 20,489,527 and commitment to pay for cheque leaves amounts to TL 5,875,007. The amount of commitment for the
forward purchase of assets is TL 496,433 and for the forward sale of assets is TL 495,098
a.2. The structure and amount of probable losses and commitments resulting from off-balance sheet items, including those below:
There are no probable losses related to off-balance sheet items, Commitments are shown in the table of “off-balance sheet items”.
a.3. Guarantees, bank acceptances, collaterals that qualify as financial guarantees, and non-cash loans including other letters of credit:
Current Period
Prior Period
Bank Acceptances
1,229,731
1,494,946
Letters of Credit
7,206,401
6,421,249
Other Guarantees
764,097
585,062
Total
9,200,229
8,501,257
a.4. Certain guarantees, tentative guarantees, suretyships and similar transactions:
Current Period
Prior Period
Letters of Tentative Guarantees
930,188
868,963
Letters of Certain Guarantees
23,022,561
20,761,079
Letters of Advance Guarantees
4,670,054
4,528,544
Letters of guarantee given to customs offices
3,182,599
1,952,773
Other Letters of Guarantee
1,809,542
1,399,498
Total
33,614,944
29,510,857
a.5. Total Non-cash Loans:
Current Period
Prior Period
Non-cash Loans against Cash Risks
1,786,200
1,378,300
With Original Maturity of 1 Year or Less
295,850
178,153
With Original Maturity More Than 1 Year
1,490,350
1,200,147
Other Non-cash Loans
41,028,973
36,633,814
Total
42,815,173
38,012,114