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248
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
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)
Investment allowance
515
103
5,478
1,096
Provisions regarding employee
rights
9,897
1,979
8,735
1,747
Interest accruals
-
-
697
139
Unearned Income
3,148
630
3,362
672
Depreciation difference for tangible
and intangible assets
908
182
624
125
Derivative financial instruments
1
-
-
-
Other
1,988
398
2,050
410
Deferred tax asset
16,457
3,292
20,946
4,189
Depreciation difference for tangible
and intangible assets
2,337
467
745
149
Interest accruals
2,647
529
1,401
280
Other
973
195
311
62
Deferred tax liability
5,957
1,191
2,457
491
Deferred tax asset/(liability), net
10,500
2,101
23,724
3,698
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 515 by deducting
from future profits. The Group recognized deferred tax asset amounting to TL 103 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.
17. 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
18. Information on other assets
As of 31 December 2014 other assets is amounting to TL 18,454 (31 December 2013: TL 22,114) and does not exceed 10% of total
assets of balance sheet except off balance sheet commitments.