Page 176 - A&T BANK ANNUAL REPORT 2012

GENERAL INFORMATION
CORPORATE MANAGEMENT
FINANCIAL INFORMATION
ARAP TÜRK BANKASI ANONİM ŞİRKETİ
CONSOLIDATED FINANCIAL REPORT
AS OF 31 DECEMBER 2012
(Currency: Thousands of Turkish Lira (“TL”) unless otherwise stated)
Convenience Translation of Consolidated Financial
Report Originally Issued in Turkish
See Note on I. in Section Three
XXI. Information on government incentives
As of 31 December 2012, A&T Finansal Kiralama A.Ş has TL 13,517 (31 December 2011: TL 15,712) of unutilized investment
incentive.
XXII. Information on segment reporting
Operating segment is the unit that operates in only one product or service of the Group or the group of products or services
which are related each other and differs from other units from the point of risk and profit. Operating segments are presented
XIV footnote of Fourth Section.
XXIII. Other disclosures
Profit reserves and profit distribution
Retained earnings as per the statutory consolidated financial statements other than legal reserves are available for
distribution, subject to legal reserve requirement referred to below.
The legal reserves are comprised of first and second reserves, in accordance with the Turkish Commercial Code (“TCC”). The
first legal reserve is appropriated out of the profits at the rate of 5% until the total reserve reaches a maximum of 20% of the
Parent Bank’s paid in capital. The second legal reserve is appropriated at the rate of 10% of all distributions in excess of the 5%
of the Company’s share capital; however holding companies are not subject to this application. First and second legal reserves
can only be used to compensate accumulated losses and cannot be used for profit distribution unless they exceed 50% of paid-
in capital.
Related parties
In accompanying consolidated financial statements, shareholders, key management personnel and board members together
with their families and companies controlled by or affiliated by them associated and jointly controlled entities are considered as
Related Parties in compliance with TAS 24-Related Party Disclosures Standard.
Cash and cash equivalents
In the cash flows statements “Cash” refers to cash in vault, cash in transit, bank cheques purchased and demand deposits in
banks including Central Bank of Turkey; “Cash equivalent” refers to money market placements and time deposits at banks
which has original maturity less than three months.