252 / 272
252
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
7. Information on provisions
Information on general provisions
Current Period
Prior Period
Provisions for Loans and Receivables in Group I
15,004
15,567
Additional provisions for the loans with extended payment plan
-
-
Provisions for Loans and Receivables in Group II
Additional provisions for the loans with extended payment plan
-
54
Provisions for Non-Cash Loans
-
-
Other
Total
4,680
4,790
Provisions for currency exchange gain/loss on foreign currency indexed loans
Current Period
Prior Period
Foreign Exchange Provisions for Foreign Currency Indexed Loans
(*)
30
-
(*)
Foreign exchange differences of foreign currency indexed loans are netted off with loans.
Special provisions set aside for non-funded and non-cash loans
As of 31 December 2014, special provisions set aside for non-funded and non-cash loans are TL 1,547 (31 December 2013: TL 589)
Reserve for employee termination benefits
The Group reserved for employee severance indemnities in the accompanying consolidated financial statements using actuarial
method in compliance with the updated TAS 19-Employee Benefits. Accumulated all actuarial gains and losses in equity are
recognized in other capital reserves.
As at 31 December 2014 and 31 December 2013, the major actuarial assumptions used in the calculation of the total liability are as
follows:
The Parent Bank
Current Period
Prior Period
Discount Rate
2.84%
2.83%
Expected Rate of Salary/Limit Increase
5.00%
6.00%
Estimated Employee Turnover Rate
5.42%
5.42%
Subsidiary
Current Period
Prior Period
Discount Rate
2.84%
2.38%
Expected Rate of Salary/Limit Increase
5.00%
5.00%
Estimated Employee Turnover Rate
0.00%
0.00%