INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
171
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2012
İŞBANK
ANNUAL REPORT 2012
p. Information on investment property:
The Bank has not any investment properties.
r. Information on deferred tax asset:
As of 31 December 2012, the Bank has deferred tax asset amounting to TL 594,491. Such deferred tax asset is calculated based on the
temporary differences between the book value of the Bank’s assets and liabilities and their tax basis measured as per the prevailing tax
regulation. When the items comprising the temporary differences are followed under equity, the related tax asset/liability is directly
recognized under equity items. As of 31 December 2012, the Bank has no tax asset measured over the period loss or tax relief.
Current Period
Prior Period
Deferred Tax (Asset)/Liability:
Tangible Assets Base Differences
28,419
27,755
Provisions
(1)
(462,737)
(417,880)
Valuation of Financial Assets
(162,872)
(80,559)
Other
2,699
(17,929)
Net Deferred Tax (Asset)/Liability:
(594,491)
(488,613)
(1)
Comprised of employee termination benefits, actual and technical deficits of the pension fund, the provisions for credit card bonus points, and other provisions.
The Movement of deferred tax assets are as follows:
Current Period
Prior Period
Balance at Beginning of Period
488,613
715,338
Deferred Tax Income/ (Expense) (Net)
306,871
(334,730)
Deferred tax under Equity Accounting
(200,993)
108,005
Deferred Tax Asset
594,491
488,613
s. Information on assets held for sale and discontinued operations:
Current Period
Prior Period
Balance at the Beginning of the Period
59,803
53,955
Additions
1,012
65,988
Transfers (Net)
79,017
6,187
Disposals (Net)
(65,548)
(63,576)
Impairment Losses (-)
Depreciation
(1,314)
(2,751)
Balance at the End of the Period
72,970
59,803
The Bank has no discontinued operations. The assets classified as “Assets Held for Sale” consist of real estates. Those real estates subject
to sale are announced on the Bank’s web site. Announcements about the real estates subject to sale are also made by means of newspaper
advertisements and similar media.
t. Information on Other Assets:
The “other assets” item of the balance sheet does not exceed 10% of total assets.
1...,163,164,165,166,167,168,169,170,171,172 174,175,176,177,178,179,180,181,182,183,...300