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143
Convenience Translation of Publicly Announced Unconsolidated Financial
Statements Originally Issued in Turkish, See Note I of Section Three
Arap Türk Bankası A.Ş.
Notes to Unconsolidated Financial
Statements at 31 December 2014
( Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated. )
General Information
Corporate Management
Financial Information
14.Information on investment property
The bank does not have any investment property.
15. Information on tax assets
As of 31 December 2014, there is no tax receivable under current tax asset after the deduction of tax liability.
The Bank has calculated TL 2,557 deferred tax asset and TL 477 deferred tax liability over taxable temporary differences as of
31 December 2014 and recorded the net amount of asset and liability to the financial statement (31 December 2013: TL 2,543
deferred tax asset and TL 62 deferred tax liability).
The detail of deferred tax asset and liability is as follows:
Current Period
Prior Period
Accumulated
temporary differences
Deferred tax asset/
(liability)
Accumulated
temporary differences
Deferred tax asset/
(liability)
Provisions for employee rights
8,595
1,719
7,582
1,516
Unearned Income
3,148
630
3,362
672
Interest accruals
-
-
697
139
Depreciation difference for
tangible and intangible assets
908
182
624
125
Derivative financial instruments
1
-
-
-
Other
131
26
453
91
Deferred tax asset
12,783
2,557
12,718
2,543
Interest accruals
1,411
282
-
-
Other
973
195
311
62
Deferred tax liability
2,384
477
311
62
Deferred tax asset/(liability),
net
2,080
2,481
16. Information about fixed assets held for sale
Current Period
Prior Period
Cost
17
412
Impairment (-)
6
5
Accumulated Depreciation (-)
-
119
Prior Period Net Book Value
11
288
Opening Balance
17
412
Additions
-
-
Disposals (-).net
-
395
Accumulated Impairment (-)
6
6
Impairment (-)
1
1
Accumulated Depreciation (-)
-
119
Depreciation
-
126
Depreciation Expenses (-)
-
8
Closing Net Book Value
10
11