Page 219 - A&T BANK ANNUAL REPORT 2012

217 216 A&T BANK 2012 ANNUAL REPORT •
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
13. Information on Intangible assets
31 December 2012 31 December 2011
Balance at the End of the Prior Period
Cost 5,970 5,074
Accumulated Depreciation (-) (3,800) (3,237)
Net Book Value 2,170 1,837
Balance at the End of the Current Period
Net Book Value at the Beginning of the Current Period 5,970 5,074
Additions 618 922
Disposals (-) -- (22)
Impairment(-) -- --
Cost at the Beginning of the current period 6,588 5,970
Accumulated Depreciation (-) -- --
Amortization and amortization expense of disposals(-) (733) (590)
Impairment Depreciation(-) -- (26)
Accumulated Amortization at end of the current period (4,533) (3,801)
Net Book Value at end of the current period 2,055 2,169
14. Information on investment property
The bank does not have any investment property.
15. Information on tax assets
As of 31 December 2012, there is no tax receivable under current tax asset after the deduction of tax liability. (31 December
2011: None.)
The Group has calculated TL 5,132 deferred tax asset and TL 586 deferred tax liability as of 31 December 2012 (31 December
2011: TL 5,985, TL 616 deferred tax liability ) over the temporary differences and investment incentives that are subject to tax
and unused investment incentives as of the balance sheet date.
The detail of deferred tax asset and liability is as follows
31 December 2012 31 December 2011
Accumulated
temporary
differences
Deferred
tax asset /
(liability)
Accumulated
temporary
differences
Deferred
tax asset /
(liability)
Investment allowance 9,691 1,938 15,082 3,016
Provisions regarding employee rights 8,139 1,628 7,073 1,415
Interest accruals -- -- 2,093 418
Unearned Income 2,397 479 1,883 377
Amortization difference of tangible and intangible assets 357 71 -- --
Derivatives 3,537 707 -- --
Other 1,544 309 3,162 632
Deferred tax assets 5,132 5,858
Depreciation difference for tangible and intangible 457 91 1,571 315
Derivatives held for trading 2,312 462
Other 166 33 876 174
Deferred tax liability 586 489
Deferred tax asset / (liability), net 4,546 5,369