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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. )
XIX. INFORMATION ON SHARE ISSUANCES
The Bank has not issued any share in the year.
XX. INFORMATION ON BILLS OF EXCHANGES AND ACCEPTANCES
Acceptances are realized simultaneously with the payment dates of the clients and they are presented as commitments in off-balance
sheet accounts.
There are no acceptances presented as liabilities against any assets.
XXI. INFORMATION ON GOVERNMENT INCENTIVES
There are no government incentives utilized by the Bank as of 31 December 2014 and 31 December 2013.
XXII. INFORMATION ON SEGMENT REPORTING
Operating segment is the unit that operates in only one product or service of the Bank or the group of products or services which are
related each other and differs from other units from the point of risk and profit. Operating segments are presented in the footnote X of
Fourth Section.
XXIII. OTHER DISCLOSURES
Profit reserves and profit distribution
Retained earnings other than legal reserves are available for distribution, subject to legal reserve requirement referred to below.
The legal reserves are comprised of first and second reserves, in accordance with the Turkish Commercial Code (“TCC”). The first
legal reserve is appropriated out of the profits at the rate of 5% until the total reserve reaches a maximum of 20% of the Bank’s paid
in capital. The second legal reserve is appropriated at the rate of 10% of all distributions in excess of the 5% of the Company’s share
capital; however holding companies are not subject to this application. First and second legal reserves can only be used to compensate
accumulated losses and cannot be used for profit distribution unless they exceed 50% of paid-in capital.
Related parties
In accompanying financial statements, shareholders, key management personnel and board members together with their families and
companies controlled by or affiliated by them associated and jointly controlled entities are considered as Related Parties in compliance
with TAS 24-Related Party Disclosures Standard. Related parties are presented V footnote of Fifth Section.
Cash and cash equivalents
In the cash flows statements “Cash” refers to cash in vault, cash in transit, bank cheques purchased and demand deposits in banks
including Central Bank of Turkey; “Cash equivalent” refers to money market placements and time deposits at banks which has original
maturity less than three months.