Page 220 - 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
Investment incentive was abolished being effective from January 1, 2006. In case those entities do not have sufficient taxable
income, deduction of the unused investment incentive as of December 31, 2005 from 2006, 2007 and 2008 income was allowed
however it was not permitted to defer this investment incentive to subsequent periods after 2008. The Constitutional Court
abolished this regulation on October 15, 2009 and the time constraint related to investment incentive has been removed.
The resolution has been published in the Official Gazette on January 8, 2010. The Group will use the investment incentive
amounting TL 13,517 Thousand by deducting from future profits. The Group recognized deferred tax asset amounting to TL
1,938 Thousand in the financial statements assuming that it will take advantage of the unused investment incentive in the
subsequent periods.
16. Information about fixed assets held for sale
31 December 2012 31 December 2011
Cost 416 581
Provision Amount (-) (4) (45)
Accumulated Depreciation (104) (109)
Net Book Value 308 427
Opening Balance 308 427
Additions -- --
Disposals (-) (4) (129)
Provision Expenses (-) (1) 26
Depreciation Expenses (-) (15) (16)
Closing Net Book Value 288 308
17. Information on other assets
As of 31 December 2012 other assets is TL 19,413 (31 December 2011: TL 14,492) and does not exceed 10% of total assets of
consolidated balance sheet excluding consolidated off balance sheet commitments.