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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 CONSOLIDATED FINANCIAL STATEMENTS
AT 31 DECEMBER 2015
(AMOUNTS EXPRESSED IN THOUSANDS OF TURKISH LIRA (“TL”) UNLESS OTHERWISE STATED. )
XXI. INFORMATION ON GOVERNMENT INCENTIVES
According to the Income Tax Legislation Temporary Article 61, A&T Finansal Kiralama A.Ş. has unused investment
allowances that are subject to withholding amounting TL 8,237 (31 December 2014: TL 7,801) and TL 545
(31 December 2014: TL 6,329) investment allowances that are not subject to withholding according to the Income
Tax Legislation Temporary Article 19 as of 31 December 2015. All of these amounts were utilized in 31 December 2015
Temporary Tax period and there are no investment allowances to be utilized that are transferred to 2016 and future
years.
XXII. INFORMATION ON SEGMENT REPORTING
Operating segment is the unit that operates in only one product or service of the Group 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 as per the statutory consolidated financial statements 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 Parent 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 consolidated 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”. Related parties are presented
VII 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.