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126 A&T BANK ANNUAL REPORT 2015
ARAP TÜRK BANKASI ANONİM ŞİRKETİ
NOTES TO UNCONSOLIDATED FINANCIAL STATEMENTS
AT 31 DECEMBER 2015
(AMOUNTS EXPRESSED IN THOUSANDS OF TURKISH LIRA (“TL”) UNLESS OTHERWISE STATED. )
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I OF SECTION THREE
The estimated fair value of the loans is calculated over the cash flows discounted using the market interest rates
implicated on the constant interest loans. The carrying values of floating-rate loans are deemed a reasonable proxy for
their fair values.
In the table below; fair values and book values of some of the financial assets and liabilities are presented. The book
value of the assets and liabilities is the total of the cost and accumulated interest accruals.
Carrying Value
Fair Value
Current Period Prior Period Current Period Prior Period
Financial Assets
2,847,548
3,092,466
2,859,078
3,106,959
Banks
1,206,699
1,558,424
1,206,699
1,558,424
Money market receivables
-
26,908
-
26,908
Financial assets available-for-sale
1,388
1,159
1,388
1,159
Investment securities held-to- maturity
281,558
141,677
293,088
156,170
Loans
1,357,903
1,364,298
1,357,903
1,364,298
Financial Liabilities
3,115,611
3,118,779
3,115,611
3,118,779
Interbank deposits
2,838,587
2,537,987
2,838,587
2,537,987
Other Deposits
509,129
569,746
509,129
569,746
Funds provided from other financial
institutions
3,373
6,884
3,373
6,884
Money market borrowings
3,493
2,935
3,493
2,935
Marketable securities issued
-
-
-
-
Miscellaneous Payables
1,012
1,227
1,012
1,227
Fair value hierarchy
The table below analyses financial instruments carried at fair value by valuation method. The different levels have been
defined as follows:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities,
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or,
Level 3: Inputs for the asset or liability that is not based on observable market data (unobservable inputs).