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FINANCIAL INFORMATION
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I OF SECTION THREE
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. )
14. Information on investment property
The bank has no investment property.
15. Information on tax assets
As of 31 December 2015, there is no tax receivable under current tax asset after the deduction of tax liability.
The Bank has calculated TL 2,951 deferred tax asset and TL 121 deferred tax liability over taxable temporary differences
as of 31 December 2015 and recorded the net amount of asset and liability to the financial statement. (31 December
2014: TL 2,557 deferred tax asset and TL 477 deferred tax liability).
The detail of deferred tax asset and liability is as follows:
Current Period
Prior Period
Accumulated
temporary
differences
Deferred
tax asset/
(liability)
Accumulated
temporary
differences
Deferred
tax asset/
(liability)
Provisions for employee rights
9,018
1,804
8,595
1,719
Unearned Income
2,680
536
3,148
630
Interest accruals
1,762
352
-
-
Depreciation difference for tangible and
intangible assets
275
55
908
182
Derivative financial instruments
753
151
-
-
Other
265
53
132
26
Deferred tax asset
14,753
2,951
12,783
2,557
Interest accruals
-
-
1,411
282
Other
607
121
973
195
Deferred tax liability
607
121
2,384
477
Deferred tax asset / (liability), net
2,830
2,080