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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
Investment incentive was abolished being effective from January 1, 2006. In case that, 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 10,366 by deducting
from future profits. The Group recognized deferred tax asset amounting to TL 3,698 in the financial statements assuming that it will
take advantage of the unused investment incentive in the subsequent periods. Partially or fully recoverable of defferred tax asset is
estimated under current conditions.
14. Information about fixed assets held for sale
Current Period
31 December 2013
Prior Period
31 December 2012
Cost
412
416
Impairment (-)
5
4
Accumulated Depreciation (-)
119
104
Prior Period Net Book Value
288
308
Opening Balance
412
416
Additions
-
-
Disposals (-).net
395
4
Accumulated Impairment (-)
6
4
Impairment (-)
1
1
Accumulated Depreciation (-)
119
104
Depreciation
126
-
Depreciation Expenses (-)
8
15
Closing Net Book Value
11
288
15. Information on other assets
As of 31 December 2013 other assets is amounting to TL 22,114 (31 December 2012: TL 19,413) and does not exceed 10% of total
assets of balance sheet except off balance sheet commitments.