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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
210
İŞBANK
ANNUAL REPORT 2014
m. Information on Intangible Assets:
Explanation regarding consolidation goodwill that is included in intangible assets is given in Section Three under the caption of “XII. Explanations on Goodwill and Other Intangible
Assets.” The table consisting movements of other intangible assets are presented below.
Current Period
Prior Period
Acquisition Cost
Balance at the Beginning of the Period
674,143
464,786
Movements in the Period
- Acquisitions
233,353
226,634
- Disposals
(1,713)
(21,788)
- Impairment (-)
- Transfers
- Foreign Currency Difference
1,428
4,511
Balance at the End of the Period
907,211
674,143
Accumulated Amortization
Balance at the Beginning of the Period
(417,100)
(311,133)
Movements in the Period
- Amortization Charge (-)
(144,680)
(114,985)
- Disposals
279
13,445
- Impairment
- Transfers
- Foreign Currency Difference
(187)
(4,427)
Balance at the End of the Current Period
(561,688)
(417,100)
Net Book Value at the End of the Prior Period
257,043
153,615
Net Book Value at the End of the Period
345,523
257,043
n. Information on investment property:
Investment properties are properties that the Group holds to earn rentals. Explanations on these subjects are given in Section Three Note XIV.
Current Period
Prior Period
Acquisition Cost
Balance at the Beginning of the Period
1,573,379
1,367,428
Movements in the Period
- Acquisitions
147,608
331,220
- Disposals (-)
(110,935)
(143,995)
- Impairment
16,801
18,677
- Transfers
15,436
49
Balance at the End of the Period
1,642,289
1,573,379
Accumulated Amortization
Balance at the Beginning of the Period
(231,197)
(258,724)
Movements in the Period
- Depreciation Charge (-)
(19,975)
(21,788)
- Disposals
51,652
- Impairment
- Transfers
(3,466)
(2,337)
Balance at the End of the Current Period
(254,638)
(231,197)
Net Book Value at the End of the Prior Period
1,342,182
1,108,704
Net Book Value at the End of the Period
1,387,651
1,342,182
o. Information on deferred tax asset:
As of 31 December 2014, the Parent Bank and the other consolidated Group companies has deferred tax asset amounting to TL 637,937. Such deferred tax asset is calculated based
on the temporary differences between the book value of 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.
Current Period
Prior Period
Tangible Assets Base Differences
12,922
28,059
Provisions
(1)
(608,527)
(600,636)
Finance Lease Income Accruals
4,216
4,644
Valuation of Financial Assets
20,840
(43,279)
Other
(2)
(67,388)
(55,331)
Net Deferred Tax (Asset)/Liability:
(637,937)
(666,543)
(1)
Comprised of employee termination benefits, actual and technical deficits of the pension fund, insurance technical provisions, the provisions for credit card bonus points, and other provisions.
(2)
The investment incentive application has ceased starting from 1 January 2006 and the investment incentives of companies, which have not been used as at 31 December 2005 are enabled to be used by deducting
from incomes of years 2006, 2007 and 2008; and it is stated that the amount, if not deducted from the 2008 income, will not be transferred to other periods. On the other hand, the Court of Constitution has
cancelled this regulation that removes the gained rights at the meeting on 15 October 2009, finding it against the Constitution, and in this way, the time limitation with respect to the investment incentive was
removed as at the date of reporting. The related decision was published on the Official Gazette dated 8 January 2010. Within this context, İş Finansal Kiralama A.Ş., one of the consolidated companies, has TL 283,354
(31 December 2013: TL 230,055) unused investment incentive and TL 18,735 (31 December 2013: TL 11,378) of the “Other” item on the above table consists of the deferred tax amount calculated over the related
investment incentive.