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TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Consolidated Financial Statements for the Year Ended
31 December 2014
222
İŞBANK
ANNUAL REPORT 2014
i. Information on Provision for taxes including taxes from continuing and discontinued operations
As of 31 December 2014 the amount of the Group’s tax provision is TL 1,005,159 and the amount consists of current tax expense that is amounting to TL 1,293,016 and consists of
deferred tax income amounting TL 287,857.
j. Information on net operating profit/loss after taxes including net profit/loss from continuing and discontinued operations:
The Group’s net profit generated from its continuing operations amounts to TL 3,732,036.
k. Information on net period profit/loss:
k.1. Income and expense resulting from ordinary banking activities:
There is no specific issue required to be disclosed for the Group’s performance for the period between 1 January
2014 – 31 December 2014.
k.2. Effects of changes in accounting estimates on the current and future periods’ profit/loss:
There is no issue to be disclosed
k.3.
“The Other’’ itemwhich is located at the bottom “Fees and Commissions Received” in the income statement consist of various fees and commissions received from transactions
such as credit card transactions, capital market transactions and insurance-reinsurance transactions.
k.4.
Other items do not exceed 10% of the total amount of the income statement.
l. Net profit / loss of non-controlling Interest:
Current Period
Prior Period
Net Profit / Loss of Non-controlling Interest
380,208
370,938
V. Disclosures and Footnotes on Consolidated Statement of Changes in Shareholders’ Equity
The paid-in capital is TL 4,500,000 in legal records. As of balance sheet date, the balance of legal reserves is TL 2,511,627 and the balance of extraordinary reserves is TL 13,300,346.
In the current period, changes in other reserves item is a result of the conversion that arise from foreign branches and financial organizations regarding with the actuarial loss of
compensation payment’s liability.
The details of revaluation surplus account of securities are shared in the Note Section V-II-l-9. (TL 154,228) of this amount is the deferred tax effect on available for sale securities. (31
December 2013: TL 149,845)
VI. Disclosures and Footnotes on the Consolidated Statemens of Cash-Flows
The operating profit of TL 4,778,036 before the changes in operating assets and liabilities mostly comprised of TL 16,619,468 of interest received from loans and securities, and
TL 9,098,592 of interest paid on deposits, money market transactions and funds borrowed by the Bank. An important part of other revenues, TL 4,682,737, consists of premium
collections of insurance companies. The account “Other” classified under operating profit other than fees and commissions paid, cash payments to personnel and service suppliers and
taxes paid consists of other operating expenses and foreign exchange gains/losses accounts is TL 5,010,509 (31 December 2013: TL 4,853,581).
Net Increase (Decrease) in Other Liabilities account classified in changes of assets and liabilities resulting from the changes in Funds Provided Under Repurchase Agreements,
miscellaneous payables, other liabilities and taxes, duties, charges, and premiums is TL 1,276,577 decrease (31 December 2013: TL 9,341,149 increase).
The effect of changes in foreign exchange rates on cash and cash equivalents is TL 166,343 as of 31 December 2014 (31 December 2013: TL 478,339).
Cash, cash in foreign currency, unrestricted deposits in Central Bank of Turkey, money in transit, cheques purchased, money market operations as well as demand deposits and time
deposits up to 3 months are defined as cash and cash equivalents.
Cash and cash equivalents at beginning of period:
31 December 2013
31 December 2012
Cash
8,336,582
4,775,236
Cash in TL and Foreign Currency
2,189,602
1,680,661
Central Bank of Turkey and Other
6,146,980
3,094,575
Cash Equivalents
4,706,027
3,808,003
Receivables fromMoney Market Operations
140,262
81,658
Banks’ Demand Deposits and Time Deposits Up to 3 Months
4,565,765
3,726,345
Total Cash and Cash Equivalents
13,042,609
8,583,239
The total amount resulting from the transactions made in the previous period shows the total cash and cash equivalents as of the beginning of the current period.
Cash and Cash equivalents as of end of the period:
31 December 2014
31 December 2013
Cash
8,351,714
8,336,582
Cash in TL and Foreign Currency
2,530,767
2,189,602
Central Bank of Turkey and Other
5,820,947
6,146,980
Cash Equivalents
5,210,602
4,706,027
Receivables fromMoney Market Operations
262,983
140,262
Banks’ Demand Deposits and Time Deposits Up to 3 Months
4,947,619
4,565,765
Total Cash and Cash Equivalents
13,562,316
13,042,609