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A&T BANK 2014 FAALİYET RAPORU
Convenience Translation of Publicly Announced Consolidated Fınancial
Statements Originally Issued in Turkish, See Note I of Section Three
Arap Türk Bankası A.Ş.
Notes to Consolidated Financial
Statements at 31 December 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
ANNU L R PORT 2014
SECTION THREE
EXPLANATIONS ON ACCOUNTING POLICIES
I. EXPLANATIONS FOR BASIS OF PRESENTATION AND NOTES
The Parent Bank maintains its books of accounts in Turkish Lira in accordance with the Banking Act No. 5411 (“Banking Act”), which
are effective from 1 November 2005, the Turkish Commercial Code (“TCC”) and Turkish tax legislation.
The consolidated financial statements are prepared in accordance with the “Regulation on the Principles and Procedures Regarding
Banks’ Accounting Application and Keeping Documents” published in the Official Gazette No. 26333 dated 1 November 2006 by
the BRSA (“Banking Regulation and Supervision Agency”) which refers to “Turkish Accounting Standards” (“TAS”) and “Turkish
Financial Reporting Standards”(“TFRS”) issued by the Public Oversight Accounting and Auditing Standards Authority (“POA”) and
other decrees, notes and explanations related to the accounting and financial reporting principles published by the BRSA (all defined
as “BRSA principles”). The format and the details of the publicly announced financial statements and related disclosures to these
statements have been prepared in accordance with the “Communiqués Related to Publicly Announced Financial Statements of Banks
and Explanations and Notes Related to these Financial Statements” published in the Official Gazette No. 28337 dated 28 June 2012.
Consolidated financial statements other than financial assets and liabilities that are presented with fair values, are prepared in
thousands of TL and with cost value approach.
The preparation of financial statements requires the use of certain critical estimates on assets and liabilities reported as of balance
sheet date or amount of contingent assets and liabilities explained and amount of income and expenses occurred in related period.
Although these estimates rely on the management’s best judgment, actual results can vary from these estimates. Judgements and
estimates are explained in related notes.
For a correct perception of the financial statements, the accounting policies and valuation principles are explained between in Notes
No. II and XXIII.
There is not any different accounting policy applied while the preparation of the consolidated financial statements.
Explanation for convenience translation into English:
The differences between accounting principles, as described in these preceding paragraphs and accounting principles generally
accepted in countries in which consolidated financial statements are to be distributed and International Financial Reporting Standards
(“IFRS”) have not been quantified in these consolidated financial statements. Accordingly, these consolidated financial statements are
not intended to present the financial position, results of operations and changes in financial position and cash flows in accordance with
the accounting principles generally accepted in such countries and IFRS.