86 / 272
86
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. )
XI. INFORMATION ON ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS
An asset that is classified as held for sale (or to be discarded fixed assets) is measured with its book value or cost deducted fair value,
depending on the lower one. An asset to be classified asset held for sale, particular asset (or to be discarded fixed assets) should be
similar to these types of assets and should be able to be sold immediately with commonly accepted terms and conditions. Asset should
be marketed in line with its fair value. For selling probability to be high, relevant management level should plan the sale and should
finalize the plan by determining the buyers.
Assets held for sale are comprised of tangible assets acquired due to non performing receivables, and are accounted in the financial
statements in accordance with the “Regulation On The Disposals of The Commodities and Properties Acquired Due to Receivables
and The Purchase and Sale of Precious Metals by Banks” dated 1 November 2006 and published on the Official Gazette No.26333.
A discontinued operation is classified as the Bank’s assets discarded or assets held for sales. Information on discontinued operations is
presented separately in consolidated income statement. As at reporting date, the Bank does not have any discontinued operations.
XII. INFORMATION ON GOODWILL AND OTHER INTANGIBLE ASSETS
There is no goodwill in the accompanying financial statements related to the acquisition of a subsidiary.
The Bank’s intangible assets consist of software.
Intangible assets are initially recorded at their costs in compliance with the TAS 38-Intangible Assets.
The costs of the intangible assets purchased before 31 December 2004 are restated from the purchasing dates to
31 December 2004, the date the hyperinflationary period is considered to be ended. The intangible assets purchased after this date
are recorded at their historical costs. The intangible assets are amortized based on straight line amortization. The useful life of software
is determined as 3-15 years.
If there is objective evidence of impairment, the asset’s recoverable amount is estimated in accordance with the TAS 36-Impairment of
Assets and if the recoverable amount is less than the carrying value of the related asset, a provision for impairment loss is made.