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148 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
Movement of employee termination benefits are as follows:
Current Period
Prior Period
Balances at Beginning of Period
4,890
4,272
Provision booked in current period
1,183
1,060
Provision paid in current period (-)
105
442
Balances at End of the Period
5,968
4,890
The employee termination benefit liability of the Bank is the amount as at 31 December 2015 is TL 5,968 (31 December
2014: TL 4,890). In addition to this, the unused vacation provision and other employee benefits amount as at 31
December 2015 is TL 3,050 (31 December 2014: TL 3,705).
Information on other provisions
Provisions for probable risks
These financial statements include a free provision that is out of reporting standards, amounting to TL 9,000 which was
charged to the income statement in the prior year, provided by the Bank management in line with the conservatism
principle considering the circumstances that may arise from any changes in the economy or market conditions.
In the case of the other provisions, exceeds the 10% of the total provisions, those accounts and balances.
Current Period
Prior Period
Free provisions for possible risks
9,000
9,000
Provisions for non-cash loans
1,520
1,547
Provisions for law suits
37
67
8. Information on tax payables
Information on corporate tax liability
As of 31 December 2015, corporate tax payable after deducting the prepaid tax is TL 6,788 (31 December 2014: TL 3,267).