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ARAP TÜRK BANKASI A.Ş.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS AT 31 DECEMBER 2013
( Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated. )
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL
STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I OF SECTION THREE
4
GENERAL INFORMATION
50
CORPORATE MANAGEMENT
67
FINANCIAL INFORMATION
A&T BANK 2013 ANNUAL REPORT
XII. INFORMATION ON FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES
The fair value of the held to maturity financial assets; in case of situations where market price or fair value cannot be determined; is
calculated over the quoted market prices of other investment securities that are of the same interest, maturity and similar in other
clauses.
The estimated fair value of the demand deposit represents the amount to be paid at the moment of demand. Placements of changing
rates and the fair value of the overnight deposit equal to their book values. The fair value of the fixed yield deposit is calculated over the
cash flows discounted using the market interest rates implicated on similar borrowing and other payables.
The estimated fair value of the loans is calculated over the cash flows discounted using the market interest rates implicated on the
constant interest loans. The carrying values of floating-rate loans are deemed a reasonable proxy for their fair values.
In the table below; fair values and book values of some of the financial assets and liabilities are presented. The book value of the assets
and liabilities is the total of the cost and accumulated interest accruals.
Carrying Value
Fair Value
Current Period
Prior Period Current Period
Prior Period
Financial Assets
2,934,121
2,355,672
2,940,720
2,360,916
Banks
1,118,421
812,626
1,118,421
812,626
Money market receivables
31,907
596,126
31,907
596,126
Financial assets available-for-sale
1,080
897
1,080
897
Investment securities held-to-maturity
189,184
135,149
195,783
140,393
Loans
1,416,174
710,739
1,416,174
710,739
Financial Lease Receivables
177,355
100,135
177,355
100,135
Financial Liabilities
2,942,774
2,339,268
2,942,774
2,339,268
Interbank deposits
2,304,361
845,371
2,304,361
845,371
Other Deposits
382,271
184,269
382,271
184,269
Funds provided from other financial institutions
209,888
1,306,967
209,888
1,306,967
Money market borrowings
36,508
-
36,508
-
Marketable securities issued
-
-
-
-
Miscellaneous Payables
9,746
2,661
9,746
2,661
Fair value hierarchy
The table below analyses financial instruments carried at fair value by valuation method. The different levels have been defined as
follows:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as
prices) or;
Level 3: Inputs for the asset or liability that is not based on observable market data (unobservable inputs).
31 December 2013
Level 1
Level 2
Level 3
Total
Financial assets held for trading
84,771
-
-
84,771
84,771
-
-
84,771
31 December 2012
Level 1
Level 2
Level 3
Total
Financial assets held for trading
192,520
-
-
192,520
192,520
-
-
192,520