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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
208
İŞBANK
ANNUAL REPORT 2014
h.4. Movement of investments in subsidiaries
(1)
:
Current Period
Prior Period
Balance at the Beginning of the Period
3,694,708
3,420,134
Movements in the Period
Purchases
(2)
179,845
205,075
Bonus Shares Acquired
Dividends Received from the Current Year Profit
Sales
Revaluation Surplus
(3)
247,602
69,499
Impairment
Balance at the End of the Period
4,122,155
3,694,708
Capital Commitments
Contribution in equity at the end of the period (%)
(1)
Reveals the information related to companies subject to consolidation in which Bank directly owns share.
(2)
Balances in the current period, the consolidated profit of the subsidiaries have realized that stems from acquisitions related to capital increases
(3)
The relevant amounts represent the increases and decreases in the market value of subsidiaries quoted on the stock exchange.
h.5. Sectoral information on consolidated subsidiaries and the related carrying amounts
(1)
:
Current Period
Prior Period
Banks
1,643,985
1,369,683
Insurance Companies
1,694,716
1,592,835
Factoring Companies
Leasing Companies
121,857
112,051
Finance Companies
Other Financial Subsidiaries
661,597
620,139
Total
4,122,155
3,694,708
(1)
Information of the consolidated subsidiaries in which the Bank has direct ownership is presented.
h.6. Consolidated subsidiaries traded on stock exchange
(1)
:
Current Period
Prior Period
Traded on domestic stock exchanges
3,222,112
2,829,152
Traded on foreign stock exchanges
(1)
Information of the consolidated subsidiaries in which the Bank has direct ownership is presented.
h.7. Consolidated subsidiaries disposed of in the current period:
None.
h. 8. Subsidiaries acquired in the current period:
None.
h. 9. Other issues on subsidiaries:
The Bank sold its 99.89% shares, of the Antgıda Gıda Tarım Turizm Enerji ve Demir Çelik San. Tic. A.Ş.’s which equals to TL 49,948 within a total capital of TL 50,004, and 135 founder
shares, for a value of TL 9,951. The sales amount has received in advance, and as a result of this process, a profit amounting to TL 33 is recognized.
The Board of Directors of İş YatırımMenkul Değerler A.Ş. which is one of the consolidated subsidiaries has decided on the liquidation of Investment Gulf Ltd at 7 April 2014.
Camiş Menkul Değerler A.Ş, a consolidated subsidiary of the Bank, which was included to consolidated financial statements in the prior period, is out of scope of the consolidation in
the current period because of taking over by İş YatırımMenkul Değerler A.Ş though merger method. Association agreement registered as at 30 June 2014 and registration is published
in the Official Gazette dated 4 July 2014.
The announcement related to liquidation of TSKB Gayrimenkul Danışmanlığı A.Ş., a subsidiary of TSKB A.Ş., was published in the Official Gazette dated 14 October 2014 and numbered
8672.
i. Information on jointly controlled entities (Net):
There are no jointly controlled entities of the Parent Bank.
j. Information regarding finance lease receivables (Net):
j.1. Presentation of finance lease receivables according to their remaining maturities:
Current Period
Prior Period
Gross
Net
Gross
Net
Less than 1 Year
1,068,829
871,318
860,283
729,537
1-4 Years
1,748,018
1,508,504
1,202,497
1,052,078
More than 4 Years
402,154
364,025
264,641
251,750
Total
3,219,001
2,743,847
2,327,421
2,033,365