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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.)
General Information
Corporate Management
Financial Information
Subsidiaries sold in the current year
None.
Subsidiaries acquired in the current year
None.
9. Information on jointly ventures of the Parent Bank
The Parent Bank does not have joint ventures.
10. Information on Financial Lease Receivables (Net)
Maturity analysis of financial lease receivables
Current Period
Prior Period
Gross
Net
Gross
Net
Less than 1 year
97,843
84,690
82,613
72,057
Between 1-4 years
150,372
133,253
119,473
105,298
Over 4 years
-
-
-
-
Total
248,215
217,943
202,086
177,355
Information on net financial lease investments
Current Period
Prior Period
Gross Financial Lease Investment
248,215
202,086
Earned Financial Lease Income (-)
30,272
24,731
Cancelled Leasing Amounts
-
-
Net Investment on Leases
217,943
177,355
There is a provision amounting to TL 833 for doubtful financial lease receivables in net financial lease investment.
The movement of doubtful receivables is as follows:
Current Period
Prior Period
Opening Balance
1,053
769
Provisions
5
284
Collections
225
-
Ending Balance
833
1,053
11. Information on financial derivatives for hedging
The Group does not have any financial derivatives for hedging.
12. Information on investment property
The Group does not have any investment property.