152
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2012
İŞBANK
ANNUAL REPORT 2012
Fair values of investments held to maturity and the marketable securities issued are determined by using the market prices; in cases where
market prices cannot be measured, quoted market prices of other securities that are subject to amortization having similar interest, maturity
and other conditions are taken as the basis for the fair value determination.
Market prices are taken into account in determining the fair values of the securities available for sale. When the prices cannot be measured
in an active market, fair values are not deemed to be reliably determined and amortized cost, calculated by the internal rate of return
method, are taken into account as the fair values.
Fair values of banks, loans granted, deposits and funds borrowed from other financial institutions are calculated by discounting the amounts
in each maturity bracket formed according to repricing periods, using the rate corresponding to relevant maturity bracket in the discount
curves based on current market conditions.
2. Information on fair value measurements recognized in the financial statements
“TFRS 7 - Financial Instruments: Disclosures” standard requires the items, which are recognized in the balance sheet at their fair values
to be shown in the notes by being classified within a range. According to this, the related financial instruments are classified into three
levels in such a way that they will express the significance of the data used in fair value measurements. At the first level, there are financial
instruments, whose fair values are determined according to quoted prices in active markets for identical assets or liabilities, at the second
level, there are financial instruments, whose fair values are determined by directly or indirectly observable market data, and at the third
level, there are financial instruments, whose fair values are determined by the data, which are not based on observable market data. The
financial assets, which are recognized in the balance sheet at their values, are shown below as classified according to the aforementioned
principles of ranking.
Current Period
Level 1
Level 2
Level 3
Financial Assets at Fair Value Through Profit and Loss
Debt Securities
743,081
4,978
6,558
Equity Securities
56
Derivative Financial Assets Held for Trading
618,663
Other
Financial Assets Available-for-Sale
(1)
Debt Securities
20,011,555
5,043,551
1,228,380
Other
48,333
Investments in Subsidiaries and Associates
(2)
5,496,345
Derivative Financial Liabilities
737,284
(1)
Since they are not traded in an active market, the equity securities (TL 15,084) under the financial assets available-for-sale are shown in the financial statements at acquisition cost and the
related securities are not shown in this table.
(2)
Since the unlisted investments in associates and subsidiaries are recognized at acquisition cost within the framework of “TAS 39”, these companies are not included in the table.
Prior Period
Level 1
Level 2
Level 3
Financial Assets at Fair Value Through Profit and Loss
Debt Securities
654,700
4,241
482
Equity Securities
54
Derivative Financial Assets Held for Trading
916,534
Other
Financial Assets Available-for-Sale
(1)
Debt Securities
16,323,600
5,905,679
6,352,066
Other
57,881
Investments in Subsidiaries and Associates
(2)
4,250,180
Derivative Financial Liabilities
857,882
(1)
Since they are not traded in an active market, the equity securities (TL 13,622) under the financial assets available-for-sale are shown in the financial statements at acquisition cost and the
related securities are not shown in this table.
(2)
Since the unlisted investments in associates and subsidiaries are recognized at acquisition cost within the framework of TAS 39, these companies are not included in the table.
1...,144,145,146,147,148,149,150,151,152,153 155,156,157,158,159,160,161,162,163,164,...300