FINANCIAL INFORMATION AND RISK MANAGEMENT
TÜRKİYE İŞ BANKASI A.Ş.
Notes to the Unconsolidated Financial Statements for the Year Ended
31 December 2012
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.
Deferred Tax (Asset)/Liability:
Tangible Assets Base Differences
Valuation of Financial Assets
Net Deferred Tax (Asset)/Liability:
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:
Balance at Beginning of Period
Deferred Tax Income/ (Expense) (Net)
Deferred tax under Equity Accounting
Deferred Tax Asset
s. Information on assets held for sale and discontinued operations:
Balance at the Beginning of the Period
Impairment Losses (-)
Balance at the End of the Period
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.