Page 63 - A&T BANK ANNUAL REPORT 2012

Convenience Translation of the Auditors’ Report Originally Prepared and Issued in Turkish (See Section 3 Note I)
To the Board of Directors of Arap Türk Bankası Anonim Şirketi:
We have audited the unconsolidated balance sheet of Arap Türk Bankası Anonim Şirketi (“the Bank”) as at 31 December 2012 and the related
unconsolidated statement of income, statement of cash flows, statement of changes in shareholders’ equity for the year then ended and a
summary of significant accounting policies and notes to the financial statements.
Disclosure for the responsibility of the Bank’s Board of Directors:
The Bank’s Board of Directors is responsible for establishing and maintaining an effective internal control system over financial reporting to
prevent the misstatements caused by error or fraud, that are material to the financial statements; and for adopting sound accounting policies
in compliance with the “Regulation on Accounting Applications for Banks and Safeguarding of Documents” published on the Official Gazette
no. 26333 dated 1 November 2006, Turkish Accounting Standards, Turkish Financial Reporting Standards and the statements and guidance
published by the Banking Regulation and Supervision Agency (“BRSA”) on accounting and financial reporting principles.
Disclosure for the Responsibility of the Authorized Audit Firm:
Our responsibility, as independent auditors, is to express an opinion on these financial statements based on our audit. Our audit is performed in
accordance with the “Regulation on the Assignment and Activities of the Banks’ Independent Audit Firms” published on the Official Gazette no.
26333 dated 1 November 2006 and International Standards on Auditing. We planned and conducted our audit to obtain reasonable assurance
as to whether the financial statements are free of material misstatement. Our audit includes using the audit techniques for the purpose of
obtaining evidence supporting the amounts and disclosures in the financial statements. The selection of the audit techniques is made in
accordance with our professional judgment by taking the effectiveness of the controls over financial reporting into consideration and assessing
the appropriateness of the applied accounting policies. We believe that our audit provides a reasonable basis for our opinion.
As of the balance sheet date, the accompanying financial statements include a general free reserve amounting to TL 5.000 thousands provided
by the Bank management considering the adverse circumstances which may arise from any changes in economy or market conditions, and
full amount of such provision had been recognised as expense in the previous period.
Independent Auditors’ Opinion:
In our opinion, except the effect of the matter that aforementioned on the 4th paragraph above, the accompanying unconsolidated financial
statements present fairly, in all material respects, the financial position of Arap Türk Bankası Anonim Şirketi as of 31 December 2012 and the
result of its operations and cash flows for the year then ended in accordance with the accounting principles and standards as per the existing
regulations described in Article 37 of Banking Law No 5411 and the statements and guidance published by the BRSA on accounting and
financial reporting principles.
Istanbul, 7 February 2013
Akis Bağımsız Denetim ve Serbest
Muhasebeci Mali Müşavirlik
Anonim Şirketi
Murat Alsan
Engagement Partner
Additional paragraph for convenience translation to English:
As explained in Section 3.I, the accompanying unconsolidated financial statements are not intended to present the financial position and results
of operations in accordance with the accounting principles and practices generally accepted in countries and jurisdictions other than Turkey.