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A&T BANK 2014 FAALİYET RAPORU
ANNU L R PORT 2014
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. )
SECTION THREE
EXPLANATIONS ON ACCOUNTING POLICIES
I. EXPLANATIONS FOR BASIS OF PRESENTATION AND FOOTNOTES
The 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 unconsolidated 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 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.
Unconsolidated 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.
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 unconsolidated financial statements are to be distributed and International Financial Reporting
Standards (“IFRS”) have not been quantified in these unconsolidated financial statements. Accordingly, these unconsolidated 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.