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248 A&T BANK ANNUAL REPORT 2015
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. )
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I OF SECTION THREE
Subsidiaries sold in the current year
None.
Subsidiaries acquired in the current year
None.
9. Information on joint ventures of the Parent Bank
The Parent Bank does not have joint ventures.
10. Information on Financial Lease Receivables (Net)
Maturity analysis of financial lease receivables
Current Period
Prior Period
Gross
Net
Gross
Net
Less than 1 year
118,199
104,164
97,843
84,690
Between 1-4 years
159,243
143,428
150,372
133,253
Over 4 years
-
-
-
-
Total
277,442
247,592
248,215
217,943
Information on net financial lease investments
Current Period
Prior Period
Gross Financial Lease Investment
277,442
248,215
Earned Financial Lease Income (-)
29,850
30,272
Cancelled Leasing Amounts
-
-
Net Investment on Leases
247,592
217,943
There is a provision amount of TL 1,642 for doubtful financial lease receivables in net financial lease investments.
The movement of doubtful receivables is as follows:
Current Period
Prior Period
Opening Balance
833
1,053
Provisions
909
5
Collections
100
225
Ending Balance
1,642
833
11. Information on financial derivatives for hedging
The Group does not have any financial derivatives for hedging.