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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
13. Information on intangible assets
31 December 2013 31 December 2012
Balance at the End of the Prior Period
Cost
6,589
5,970
Accumulated Depreciation (-)
(4,534)
(3,800)
Net Book Value
2,055
2,170
Balance at the End of the Current Period
Net Book Value at the Beginning of the Current Period
6,589
5,970
Additions
1,836
618
Disposals (-)
-
-
Impairment(-)
-
-
Cost at the Beginning of the current period
8,425
6,588
Accumulated Depreciation (-)
-
-
Amortization and amortization expense of disposals(-)
(1,021)
(733)
Impairment Depreciation(-)
-
-
Accumulated Amortization at end of the current period
(5,555)
(4,533)
Net Book Value at end of the current period
2,870
2,055
14. Information on investment property
The bank does not have any investment property.
15. Information on tax assets
As of 31 December 2013, there is no tax receivable under current tax asset after the deduction of tax liability (31 December 2012:
None).
The Group has calculated TL 4,189 deferred tax asset and TL 491 deferred tax liability over taxable temporary differences as of 31
December 2013 and recorded the net amount of asset and liability to the financial statement (31 December 2012: TL 5,132 deferred
tax asset and TL 586 deferred tax liability).
The detail of deferred tax asset and liability is as follows:
31 December 2013
31 December 2012
Accumulated
temporary
differences
Deferred
tax asset/
(liability)
Accumulated
temporary
differences
Deferred tax
asset/
(liability)
Investment allowance
5,478
1,096
9,691
1,938
Provisions regarding employee rights
8,735
1,747
8,139
1,628
Interest accruals
697
139
-
-
Unearned Income
3,362
672
2,397
479
Depreciation difference for tangible and intangible
assets
624
125
357
71
Derivative financial instruments
-
-
3,537
707
Other
2,050
410
1,544
309
Deferred tax asset
26,181
4,189
20,871
5,132
Depreciation difference for tangible and intangible
assets
745
149
457
91
Interest accruals
1,401
280
2,312
462
Other
311
62
166
33
Deferred tax liability
2,457
491
2,935
586
Deferred tax asset / (liability), net
23,724
3,698
17,936
4,546