Banking Services - DenizBank

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Section IV Independent Audit Reports, Financial Statements and Notes DENİZBANK ANONİM ŞİRKETİ NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2009 (Currency: Thousands of TRY-Turkish Lira) Convenience Translation of Consolidated Financial Report Originally Issued in Turkish, See Note 3.I.2 4. Components of other liabilities, those that exceed 10% of total liabilities or those that exceed 20% of the individual liability items in the consolidated balance sheet Other liabilities do not exceed 10% of total liabilities excluding the off-balance sheet items. 5. Criteria used in the determination of lease instalments in the financial lease contracts, renewal and purchase options, restrictions, and significant burdens imposed on the bank on such contracts None. 5.1 Changes in agreements and further commitments arising None. 5.2 Obligations under financial leases None. 5.3 Information on operational lease DFS Group has operational lease agreements for its bank branches and motor vehicles. Rental payments for the majority of these agreements are made and expensed on a monthly basis. The unexpired portion of payments made for rent agreements on a yearly basis are accounted for under prepaid expenses in “other assets”. 5.4 Information on “Sale-and-lease back” agreements There is no sale and lease back transaction in the current period. 6. Information on liabilities arising from hedging purpose derivatives: Current Period Prior Period TRY FC TRY FC Fair Value Hedge -- -- -- -- Cash Flow Hedge 173,150 9,636 128,771 7,967 Hedging of a Net Investment in Foreign Subsidiaries -- -- -- -- Total 173,150 9,636 128,771 7,967 7. Information on provisions 7.1 Information on general provisions Current Period Prior Period Provisions for Loans and Receivables in Group I 103,999 85,592 Provisions for Loans and Receivables in Group II 17,582 12,917 Provisions for Non Cash Loans 13,888 10,940 Other -- -- Total 135,469 109,449 148 «« CONTENTS
DenizBank Financial Services Group Annual Report 2009 DENİZBANK ANONİM ŞİRKETİ NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2009 (Currency: Thousands of TRY-Turkish Lira) Convenience Translation of Consolidated Financial Report Originally Issued in Turkish, See Note 3.I.2 7.2 Provision for currency exchange gain/loss on foreign currency indexed loans Current Period Prior Period Foreign Exchange Provision for Foreign Currency Indexed Loans (*) 15,698 5,659 (*) Foreign exchange difference of foreign currency indexed loans are netted against “Loans and Receivables” in assets 7.3 Information on other provisions 7.3.1 Information on free provisions booked for probable risks Current Period Prior Period Free Provisions Booked for Probable Risks 191,237 140,779 Free provisions for probable risks are provided for probable risks related to loan portfolio. 7.3.2 Information on other provisions exceeding 10% of total provisions TRY 36,589 (31 December 2008: TRY 21,942) of other provisions consists of provisions for non-cash loans that are not unindemnified and converted into cash. TRY 4,660 (31 December 2008: TRY 2,202) consists of provisions for continuing lawsuits against DFS Group, TRY 921 (31 December 2008: TRY 2,071) comprises promotions related to credit cards and banking services, and TRY 29,840 (31 December 2008: TRY 17,260) comprises other provisions. 8. Information on taxation 8.1 Information on current taxes 8.1.1 Information on current tax liability As of 31 December 2009, the current tax charge of DFS Group is TRY 255,837 (31 December 2008: TRY 46,526), and it has been offset with advance taxes amounting to TRY 217,107 (31 December 2008: TRY 44,139). As of 31 December 2009, DFS Group’s total taxes and dues amount to TRY 81,888 (31 December 2008: TRY 56,069). 8.1.2 Information on taxes payable Prior Period Prior Period Corporate taxes payable 38,730 2,387 Taxation on securities 9,380 17,531 Capital gains tax on property 727 627 Banking Insurance Transaction Tax (BITT) 15,033 17,247 Taxes on foreign exchange transactions -- -- Value added tax payable 522 331 Other 10,860 11,405 Total 75,252 49,528 «« CONTENTS 149
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Banking Services - DenizBank

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