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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
209
İŞBANK
ANNUAL REPORT 2014
FINANCIAL INFORMATION AND
RISK MANAGEMENT
j.2. Information regarding net investments made on finance lease:
Current Period
Prior Period
(1)
Gross Finance Lease Investment
3,219,001
2,327,421
Unearned Finance Revenue from Finance Lease (-)
475,154
294,056
Net Finance Lease Investment
2,743,847
2,033,365
(1)
The Group’s portfolio of non performing lease receivables in the current year, part of the TL 11,884 transferred to Türksasset Varlık Yönetim A.Ş as a value of TL 96
j.3. Presentation of operating lease receivables according to their remaining maturities:
As at 31 December 2014, the remaining maturities of the Group's operating lease receivable is less than 1 year the total amount is TL 2,352. (31 December 2013: TL 757)
k. Explanations on derivative financial assets held for risk management:
The Group has no derivative financial assets held for risk management.
l. Information on Tangible Assets (Net)
(1)
:
Current Period
Real Estates
Construction
in Progress
Vehicles
Other
Tangible Assets
Total
Acquisition Cost
Balance at the Beginning of the Period
3,676,658
124,225
21,897
1,858,855
5,681,635
Movements in the Period
- Acquisitions
293,083
125,568
2,394
243,433
664,478
- Disposals
(275,654)
(163)
(2,160)
(53,829)
(331,806)
- Impairment
(2)
128,710
(9)
128,701
- Transfers
(83,830)
(20,207)
1,063
(102,974)
- Foreign Currency Difference
(17,045)
(99)
(429)
(3,289)
(20,862)
Balance at the End of the Current Period
3,721,922
229,324
21,702
2,046,224
6,019,172
Accumulated Depreciation
Balance at the Beginning of the Period
(2,221,722)
(15,222)
(1,210,363)
(3,447,307)
Movements in the Period
- Depreciation Charge
(49,433)
(2,180)
(193,454)
(245,067)
- Disposals
25,314
1,937
24,913
52,164
- Impairment
- Transfers
4,010
(544)
3,466
- Foreign Currency Difference
2,467
172
1,782
4,421
Balance at the End of the Current Period
(2,239,364)
(15,293)
(1,377,666)
(3,632,323)
Net Book Value at the End of the Prior Period
1,454,936
124,225
6,675
648,492
2,234,328
Net Book Value at the End of the Current Period
1,482,558
229,324
6,409
668,558
2,386,849
(1)
As at the balance sheet date, the Bank's book value of tangible assets acquired through financial leasing TL 621, and there is no entry in the current period. Book value of tangible assets which is obtained in return of
receivables during the year is TL 225,362.
(2)
They are the impairment releases related to the real estates, whose fair values have increased due to their renewed appraisals.
Prior Period
Real Estates
Construction
in Progress
Vehicles
Other
Tangible Assets
Total
Acquisition Cost
Balance at the Beginning of the Period
3,723,624
68,553
19,737
1,636,878
5,448,792
Movements in the Period
- Acquisitions
(1)
160,996
63,435
4,183
242,823
471,437
- Disposals
(221,734)
(1,004)
(2,210)
(28,256)
(253,204)
- Impairment
(2)
45,609
45,609
- Transfers
(46,287)
(6,766)
(53,053)
- Foreign Currency Difference
14,450
7
187
7,410
22,054
Balance at the End of the Current Period
3,676,658
124,225
21,897
1,858,855
5,681,635
Accumulated Depreciation
Balance at the Beginning of the Period
(2,243,068)
(14,940)
(1,051,000)
(3,309,008)
Movements in the Period
- Depreciation Charge
(51,420)
(2,316)
(171,235)
(224,971)
- Disposals
77,282
2,136
16,587
96,005
- Impairment
- Transfers
(1,062)
(1,062)
- Foreign Currency Difference
(3,454)
(102)
(4,715)
(8,271)
Balance at the End of the Current Period
(2,221,722)
(15,222)
(1,210,363)
(3,447,307)
Net Book Value at the End of the Prior Period
1,479,637
68,553
4,797
586,797
2,139,784
Net Book Value at the End of the Current Period
1,454,936
124,225
6,675
648,492
2,234,328
(1)
As at the balance sheet date, the Bank's book value of tangible assets acquired through financial leasing TL 807 and there is no entry in the current period. Book value of tangible assets which is obtained in return of
receivables during the year is TL 170,472.
(2)
They are the impairment releases related to the real estates, whose fair values have increased due to their renewed appraisals.