INDEPENDENT AUDITORS REPORT, UNCONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY- 31 DECEMBER 2006
咇l咇m nk 咇.Ş. n咇咇l. 咇 咇 咇 n 咇咇 n 咇 m咇 n n咇 咇 l n 咇l咇m nk 咇.Ş. m咇 咇 n l m n n m 咇 n咇 n 咇咇 n l 咇 n n 咇 n 咇mm 咇n n 咇n n咇 咇 l n 咇咇l n n. n 咇 m n 咇 n 咇 l n n l m n. nk 咇 n 咇l 咇 咇 n n 咇 n n n n l m n n n 咇 咇咇l n n 咇 n n 咇l 咇 n咇 咇n n咇 n 咇m n n nk 咇咇咇l n l 咇 咇 咇 n 咇 m咇 咇 咇 咇 k 咇n n咇 n 咇 咇咇 咇 k n n l 咇 n咇 n 咇 咇 n 咇咇l n n 咇 n 咇n m n n 咇 咇n n咇 n n n l 咇 n咇 咇 咇 nk n咇 咇咇l n n 咇咇 咇 n 咇 n 咇 咇. 咇 n 咇 l n l咇 咇 咇n n咇咇 m咇l m n n咇 n m n n n咇 n n l n l l 咇 n 咇 咇 n n 咇 n n n n l m n m m l m m n 咇 咇 咇 咇 咇 l n咇 n 咇咇l n咇 咇咇 咇 咇n n咇 咇 l 咇 n m k n咇 咇n n咇 m n 咇l n 咇m n. 咇 咇 n 咇 l. 咇 咇 n 咇 l 咇咇 n 咇 n n n n n l m n 咇 n 咇 咇. 咇 咇l nn n 咇 m 咇 咇 咇 n n 咇l 咇 n 咇 n n l m n m m l m m n. n 咇 n咇 l咇 咇 m n咇 咇 咇 咇 n 咇 咇 n 咇 咇 m 咇n n l 咇 n n n l m n. 咇 咇 l 咇 n n 咇 咇咇 咇m n 咇 n l咇 n咇 n n 咇 n n n l n l n 咇咇 咇 n 咇n n咇 咇 l 咇咇l l 咇 n n 咇 咇 n n 咇 n n n n l m n n 咇n 咇 咇 咇 咇咇 咇 n 咇m n. 咇 咇 l 咇 咇 咇 n 咇 咇 咇 n 咇 n n 咇咇 咇 咇 咇 咇 咇 咇 咇 n n. n 咇 n n 咇 咇 n n 咇 咇. n 咇 咇 n n咇 m咇 n n咇 n n l m n 咇 n l 咇 n ll m l 咇 咇 n n l 咇 n 咇l咇m nk 咇.Ş. m咇 n 咇l 咇 n n l 咇 n n n n 咇 咇 咇 l n咇 咇n n咇 咇 n 咇l n n 咇 咇 l 咇 nk n咇 咇 咇 咇 n 咇咇l n 咇 咇 n 咇n m n n 咇 咇n n咇 n n n l 咇 n咇 咇 咇. ᇧ噗 Z İ ᇧ噗 İ ᇧ噗İ ᇧ噗Ş ᇧ噗İ ᇧ噗İ.Ş. m咇 DELOITTE TOUCHE TOHMATSU n咇咇l咇 咇 咇 l ᇧ噗 k n n l 咇 咇 咇 n咇l n l n 咇
THE UNCONSOLIDATED FINANCIAL REPORT OF ASYA KATILIM BANKASI A.Ş. FOR THE YEAR ENDED 31 DECEMBER 2006 咇咇 nk 咇 l 咇n 咇 咇ᗷ囇咇 k咇ᗷ囇咇 咇 咇 ᇧ噗 kᇧ噗 /İ ᇧ噗 n n m l 咇m咇 nk 咇 咇 咇 咇 咇 / 咇 咇 咇 咇 咇 咇 咇 nk 咇 咇咇咇.咇 nk. m. l n l n 咇 m咇 咇 @咇 nk. m. n n l n n l 咇 咇n 咇 nk n咇 咇咇l n n 咇咇 咇 n 咇 n n l n 咇 mm咇n 咇咇é n 咇 n nk n n l m n 咇 咇咇l l nn 咇n n m咇 n n咇 l n l 咇 n n l 咇 l 咇 咇 Section One - 咇 ᇧ噗 Section Two - ᇧ噗 ᇧ噗 Section Three - X ᇧ噗 咇 咇 ᇧ噗 ᇧ噗 ᇧ噗 Section Four - ᇧ噗 Section Five - X ᇧ噗 ᇧ噗 ᇧ噗 ᇧ噗 Section Six - X ᇧ噗 Section Seven - 咇n n l n n l m n n 咇咇l n n n l 咇 咇 咇nl 咇 n 咇 咇 咇 n 咇 n 咇 咇 k ᇧ噗 咇 咇 咇 n n 咇 n n l 咇 n 咇 n 咇 l 咇 n n 咇 mm咇n 咇咇é n nk 咇n n咇 n n n n咇 咇m n 咇 咇 k 咇n n咇 n 咇 咇 k n n l 咇 n咇 n 咇 l mm咇n 咇咇é n nk. 咇 n ᇧ噗ᇧ噗 ᇧ噗n l 咇 咇 İ 咇 咇 n İ m l ᇧ噗 Z m n 咇 n l n 咇 n 咇 n l n 咇 n 咇 n 咇 咇n n咇咇 咇 咇 n n n l n ll n咇 m l ÖZ İ. Ş 咇k ᇧ噗 m咇 咇 m咇 咇 mm mm 咇 咇 n 咇 n 咇咇 n 咇 n咇 n n l 咇 ll 咇 咇 m - 咇 n m / l 咇 l ᗷ囇 / n n 咇 n 咇 咇n n咇咇 咇 咇 n n n l n ll n咇 l 咇 n 咇m咇 咇 咇 咇 咇 咇 咇 咇 咇 咇 咇 咇 咇m咇 咇 咇 咇 咇 咇 咇 咇 咇
UNCONSOLIDATED FINANCIAL STATEMENTS OF ASYA KATILIM BANKASI A.Ş. FOR THE PERIOD 1 JANUARY- 31 DECEMBER 2006 INDEX PAGE SECTION ONE GENERAL INFORMATION. nk咇 n l咇 n咇 n 咇 n 咇 咇 nn n咇 咇 n n咇 n 咇 n 咇....... 咇咇l n n 咇 n咇 nk l n咇 咇 咇 咇 咇 n l l n咇 l n l 咇 ll 咇 l n 咇 咇 ll 咇 n 咇 n咇 n n ll n咇 咇 nk n n 咇 n咇 n 咇 n 咇 n 咇咇l n n n n ll n咇 咇 咇咇 nk.... 咇咇l n n 咇 n咇 m n 咇 m咇 咇 咇 mm 咇 咇 n l n 咇 咇 n 咇 n l n 咇 n n nk... ᇧ噗. n m n 咇 咇 咇 n n n 咇 n 咇 咇咇 l..... ᇧ噗. 咇 n ᇧ噗 n 咇 nk... SECTION TWO UNCONSOLIDATED FINANCIAL STATEMENTS. l n.... m n - l n mm m n... 咇. n m m n... ᇧ噗. m n n咇 n l 咇咇...... 咇 ᇧ噗. m n l 咇...... 8 ᇧ噗. 咇咇 n 咇l.... 9 SECTION THREE ACCOUNTING PRINCIPLES. 咇咇l n n n n n.... 咇咇l n n n 咇 n n l n 咇n 咇 n n n 咇.... 咇咇l n n n 咇 n 咇 n n n 咇 咇 n 咇m n... ᇧ噗. 咇咇l n n n n m n 咇咇 n... ᇧ噗. 咇咇l n n n n mm n n m n 咇咇 n.... ᇧ噗. 咇咇l n n n n n l... ᇧ噗. 咇咇l n n n m咇 m n n n l... 咇 ᇧ噗. 咇咇l n n n n咇 n n l n ᇧ噗 咇 l... 咇 X. 咇咇l n n n l n 咇咇 咇 m n n 咇 ᇧ噗 n... 咇 X. 咇咇l n n n l ll n咇 咇 咇 n n n咇 咇 n... X. 咇咇l n n n 咇 咇 ll n n n咇 咇l... X. 咇咇l n n n n咇 咇l 咇... 咇 X. 咇咇l n n n ᇧ噗 n咇 n n... 8 X ᇧ噗. 咇咇l n n n 咇 n n n n咇 n ᇧ噗 咇 l... 8 Xᇧ噗. 咇咇l n n n m咇l n ᇧ噗 咇 l... 8 Xᇧ噗. 咇咇l n n n 咇 n... 9 Xᇧ噗. n l 咇咇l n n n 咇 n咇... 9 Xᇧ噗. 咇咇l n n n... X X. 咇咇l n n n 咇 n... XX. 咇咇l n n n 咇 咇 nm n n n 咇...... XX. 咇咇l n n n 咇m n 咇 n咇... XX. 咇咇l n n n... SECTION FOUR INFORMATION ON FINANCIAL STRUCTURE. 咇咇l n n l 咇 l 咇咇 n.... 咇咇l n n l k... 咇. 咇咇l n n l k k... ᇧ噗. 咇咇l n n l 咇 n l k... 咇 ᇧ噗. 咇咇l n n l 咇 n k... 咇 ᇧ噗. 咇咇l n n l n k... 9 ᇧ噗. 咇咇l n n l ᇧ噗 咇咇 k... 9 ᇧ噗. 咇咇l n n l n n n n l n ᇧ噗 咇 l ᇧ噗 l咇... X. 咇咇l n n l n n n l n 咇 n n...
THE UNCONSOLIDATED FINANCIAL STATEMENTS OF ASYA KATILIM BANKASI A.Ş. FOR THE PERIOD 1 JANUARY- 31 DECEMBER 2006 INDEX (Cont d) PAGE SECTION FIVE NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS. n m n n l 咇 l.... n m n n l 咇 l ᇧ噗 咇 l... 咇. n m n n l 咇 l - l n m...... 咇 ᇧ噗. n m n n l 咇 l n m m n... 咇 ᇧ噗. n m n n l 咇... 咇9 SECTION SIX OTHER EXPLANATION AND DISCLOSURES. 咇咇l n n l 咇 n nk... SECTION SEVEN INDEPENDENT AUDITORS REPORT. 咇咇l n n n n 咇 n n 咇 咇.... n m n n l 咇 咇 咇 n 咇 n n 咇...
NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS SECTION ONE GENERAL INFORMATION I. History of the Bank Including Incorporation Date, Beginning Statue, Changes in the Current Statue : nk 咇 n 咇 咇 n 咇n l n 咇 9 /8 咇 n 咇 l 99 n 咇 n 咇 n 咇咇咇l n l 咇 咇 n 咇 咇 l 99. nk 咇 咇 n 咇 m咇 99 n l n 咇 咇咇咇l n 咇 咇 咇 n 咇 咇 m咇 99. n 咇 n咇 n咇 n l nk 咇 l n 咇 n 咇 n l m n咇 m咇 咇 n l 咇 n咇 m n n 咇 咇m咇.Ş. n 咇l咇m nk 咇.Ş. n 咇 咇咇咇l n 咇 咇 咇 n m咇 咇. II. Explanations Regarding Bank s Shareholding Structure, Existence of Shareholders Holding Directly or Indirectly, Collectively or Individually, the Managing and Controlling Power of the Bank and if any, Changes in Current Year, and Explanations on the Controlling Group of the Bank : nk n l 咇 n咇 % m n n咇 l n l 咇 ll 咇 l n 咇 咇 ll m n 咇 n咇 n n ll n咇 咇 咇 nk. III. Explanations Regarding the Chairman of Board of Directors, Members of Board of Directors, Audit Committee, General Manager and Assistant General Managers and Their Shares in the Bank: 咇咇 n n nk n咇 咇 n n m n n l m 咇 咇nm n % m n n ᇧ噗ᇧ噗 l 咇 咇 m咇 咇 Ş 咇k ᇧ噗 l 咇 咇 咇 咇 m n lç咇k 咇 咇 咇 l 咇ᇧ噗ᇧ噗 咇* 咇 咇 咇 n 咇 Ş l m n 咇 m l ÖZ İ l 咇 咇 n l n 咇 ᇧ噗n l 咇 咇 n 咇 n l n 咇 ᇧ噗n l ÖZ İ l - n l 咇 咇 ᇧ噗 ᇧ噗 Ş l 9 - 咇 咇 İ 咇 咇 n İ l 9 - 咇 l ᇧ噗 l 咇 咇 m Ç ᇧ噗İ l 9 咇 咇8 咇 İᇧ噗 咇İ 咇** 咇 l 咇 咇 咇* 咇 l 咇咇ᇧ噗l 咇咇 n m咇 n 咇l 咇 咇咇 咇n 咇 咇 咇n. 咇 ** 咇 咇 l咇 n 咇咇 n m咇 咇 mm n 咇l l 咇咇ᇧ噗l. 咇l咇m
NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS SECTION ONE (Cont d) GENERAL INFORMATION (Cont d) IV. Information About the Persons and Institutions That Have Qualified Shares: m / mm l m m 咇n n咇 ᇧ噗 İᇧ噗 İ...Ş. 9. 咇 咇 咇 9. 咇 - İᇧ噗 İ ᇧ噗 İ.Ş.. 咇 咇咇 咇. 咇 - ᇧ噗İᇧ噗 9. 9 咇 9. 9 - İ Ş İZ. ᇧ噗 İ..Ş. 9. 8 咇 9. 8 - İ İ İ ᇧ噗 Şİ İ Ş Ç ᇧ噗 ᇧ噗 İᇧ噗ᇧ噗İ. ᇧ噗 İ..Ş. 8. 咇 咇9 8. 咇 - ᇧ噗 İ ᇧ噗ᇧ噗. 9 咇. 9 - 咇İŞ 咇İ İ İ ᇧ噗 ᇧ噗 İ.Ş. 咇. 咇 咇 咇9 咇. 咇 咇 - İ ᇧ噗ᇧ噗 咇. 咇 咇 咇8 咇. 咇 - İ ᇧ噗 ᇧ噗 咇. 咇 咇 咇 咇. - 咇. 咇 咇 咇 咇 咇. 咇 咇 - İ İ 咇. 咇 咇 咇. - İ 咇İŞ. 咇8 咇 咇. 咇8 咇 - İ. 咇 咇 咇. 咇 - İᇧ噗..Ş.. 98 咇. 98 - V. Services and Lines of Activities of The Bank: nk 咇 n n 咇 咇 n 咇l n - 咇 nk n咇 咇 咇 n 咇 nk咇 咇 ll n咇 咇n 咇咇 咇 n 咇n n 咇 n咇 咇n n l n n咇 咇 咇n 咇咇 咇 咇 n 咇咇咇 咇 n n l n 咇 /l n咇 咇 n 咇. nk 咇 咇 ll n咇 咇n 咇 咇 n 咇n n 咇 n咇 咇n. nk l 咇 n 咇n n 咇 n咇 咇n n n 咇 m 咇 n 咇n n咇 m. n咇 咇n 咇 咇 n 咇 n m 咇 咇 咇咇 咇 n m n 咇 m n 咇 咇 m n 咇 n n m n 咇 n n m n n. nk l n 咇n ll 咇咇 咇 n 咇n 咇 n m 咇n l n 咇咇 咇 /l n咇 咇 n 咇 咇 n咇 咇咇 l 咇 l 咇 ll n 咇 % l m 咇n n m 咇 l n n n 咇 l n咇 n m n. nk l m n 咇 咇 n n 咇 /l n咇 咇n 咇 咇 m 咇 咇 咇咇 n 咇n 咇 n 咇n 咇 l 咇n l m n 咇 咇 n n l ll n 咇 l n 咇 %咇 n m 咇 咇 咇咇 n n 咇n 咇 n 咇n 咇 ll. nk n 咇 咇 咇n 咇 l ll n 咇 咇 ll 咇 m n 咇 咇 n n n咇 咇咇 咇. 咇 n咇 咇n 咇 咇 咇n ll 咇 咇 n n n咇 咇咇 咇 n咇咇 m 咇 咇 m 咇n 咇 l m n n ll 咇 m k n n m 咇n n m 咇 咇 咇咇. n n n咇 咇 n n 咇 咇 l 咇 咇 咇 ll 咇 n n 咇咇 咇 咇 咇n 咇 l 咇 咇 ll 咇 m n. n n 咇咇l 咇 nk n咇 咇 咇 nk 咇 n 咇 n ᗷ囇咇k 咇.Ş. 咇咇 咇 n. 咇l咇m
SECTION TWO UNCONSOLIDATED FINANCIAL STATEMENTS
UNCONSOLIDATED BALANCE SHEET THOUSAND NEW TURKISH LIRA CURRENT PERIOD PRIOR PERIOD Audited Audited ASSETS Disc. (31/12/2006) (31/12/2005) TRY FC Total TRY FC Total I. CASH AND BALANCES WITH THE CENTRAL BANK (1) 141.131 196.803 337.934 116.973 105.082 222.055 II. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS (Net) (2) - - - - - - 2.1 Trading financial assets - - - - - - 2.1.1 Public sector debt securities - - - - - - 2.1.2 Share certificates - - - - - - 2.1.3 Other marketable securities - - - - - - 2.2 Financial assets at fair value through profit and loss - - - - - - 2.2.1 Public sector debt securities - - - - - - 2.2.2 Share certificates - - - - - - 2.2.3 Other marketable securities - - - - - - 2.3 Derivative financial assets held for trading - - - - - - III. BANKS AND OTHER FINANCIAL INSTITUTIONS (3) 9.148 592.563 601.711 143.485 17.116 160.601 IV. MONEY MARKET PLACEMENTS - - - - - - V. FINANCIAL ASSETS AVAILABLE FOR SALE (Net) (4) - - - - - - 5.1 Share certificates - - - - - - 5.2 Public sector debt securities - - - - - - 5.3 Other marketable securities - - - - - - VI. LOANS (5) 2.665.898 100.178 2.766.076 1.644.447 151.960 1.796.407 6.1 Loans 2.628.332 99.268 2.727.600 1.612.423 151.410 1.763.833 6.2 Non-performing loans 127.364 1.214 128.578 109.840 808 110.648 6.3 Specific provisions (-) (89.798) (304) (90.102) (77.816) (258) (78.074) VII. HELD TO MATURITY INVESTMENTS (Net) (6) - - - - - - VIII. INVESTMENTS IN ASSOCIATES (Net) (7) - - - - - - 8.1 Accounted for under equity method - - - - - - 8.2 Unconsolidated associates - - - - - - 8.2.1 Financial investments - - - - - - 8.2.2 Non-financial investments - - - - - - IX. INVESTMENTS IN SUBSIDIARIES (Net) (8) 79.341-79.341 45.906-45.906 9.1 Unconsolidated financial subsidiaries 22.889-22.889 16.570-16.570 9.2 Unconsolidated non-financial subsidiaries 56.452-56.452 29.336-29.336 X. ENTITIES UNDER COMMON CONTROL (Net) (9) - - - - - - 10.1 Consolidated under equity method - - - - - - 10.2 Unconsolidated - - - - - - 10.2.1 Financial subsidiaries - - - - - - 10.2.2 Non-financial subsidiaries - - - - - - XI. LEASE RECEIVABLES (Net) (10) 294.105-294.105 58.937 235.177 294.114 11.1 Finance lease receivables 339.849-339.849 75.468 265.896 341.364 11.2 Operating lease receivables - - - - - - 11.3 Other - - - - - - 11.4 Unearned income ( - ) (45.744) - (45.744) (16.531) (30.719) (47.250) XII. DERIVATIVE FINANCIAL ASSETS FOR HEDGING PURPOSES (11) - - - - - - 12.1 Fair value hedge - - - - - - 12.2 Cash flow hedge - - - - - - 12.3 Hedge of net investment risks in foreign operations - - - - - - XIII. TANGIBLE ASSETS (Net) (12) 72.211-72.211 59.380-59.380 XIV. INTANGIBLE ASSETS (Net) (13) 2.816-2.816 2.119-2.119 14.1 Goodwill - - - - - - 14.2 Other 2.816-2.816 2.119-2.119 XV. TAX ASSET (14) 4.412-4.412 24.579-24.579 15.1 Current tax asset - - - 2.610-2.610 15.2 Deferred tax asset 4.412-4.412 21.969-21.969 XVI. ASSETS HELD FOR SALE (Net) (15) - - - - - - XVII. OTHER ASSETS (16) 20.410 173 20.583 5.098 147 5.245 TOTAL ASSETS 3.289.472 889.717 4.179.189 2.100.924 509.482 2.610.406 The accompanying notes form an integral part of these financial statements. 3
UNCONSOLIDATED BALANCE SHEET THOUSAND NEW TURKISH LIRA CURRENT PERIOD PRIOR PERIOD Audited Audited LIABILITIES Disc. (31/12/2006) (31/12/2005) TRY FC Total TRY FC Total I. FUNDS COLLECTED (1) 1.643.349 1.557.306 3.200.655 1.304.820 843.775 2.148.595 II. DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING (2) - - - - - - III. FUNDS BORROWED (3) - 126.696 126.696-14.307 14.307 IV. MONEY MARKET BALANCES - - - - - - V. MARKETABLE SECURITIES ISSUED (NET) - - - - - - VI. SUNDRY CREDITORS 106.619 3.139 109.758 62.317 7.501 69.818 VII. OTHER LIABILITIES (4) 31.222 20.787 52.009 42.203 12.091 54.294 VIII. LEASE PAYABLES (Net) (5) 1.991 1.367 3.358-1.595 1.595 8.1 Finance lease payables 2.116 1.408 3.524-1.629 1.629 8.2 Operating lease payables - - - - - - 8.3 Other - - - - - - 8.4 Deferred finance lease expenses ( - ) (125) (41) (166) - (34) (34) IX. DERIVATIVE FINANCIAL LIABILITIES FOR HEDGING PURPOSES (6) - - - - - - 9.1 Fair value hedge - - - - - - 9.2 Cash flow hedge - - - - - - 9.3 Hedge of net investment in foreign operations - - - - - - X. PROVISIONS (7) 40.146 3.173 43.319 22.784 2.845 25.629 10.1 General loan loss provisions 23.469 3.173 26.642 12.206 2.845 15.051 10.2 Restructuring provisions - - - - - - 10.3 Reserve for employee benefits 6.725-6.725 4.599-4.599 10.4 Other provisions 9.952-9.952 5.979-5.979 XI. TAX LIABILITY (8) 10.875-10.875 - - - 11.1 Current tax liability 10.875-10.875 - - - 11.2 Deferred tax liability - - - - - - XII. PAYABLES RELATED TO ASSETS HELD FOR SALE (9) - - - - - - XIII. SUBORDINATED LOANS (10) - - - - - - XIV. SHAREHOLDERS' EQUITY (11) 632.519-632.519 296.168-296.168 14.1 Paid-in capital 300.000-300.000 240.000-240.000 14.2 Supplementary capital 150.000-150.000 - - - 14.2.1 Share premium 150.000-150.000 - - - 14.2.2 Share cancellation profits - - - - - - 14.2.3 Marketable securities value increase fund - - - - - - 14.2.4 Tangible assets revaluation reserve - - - - - - 14.2.5 Intangible assets revaluation reserve - - - - - - 14.2.6 Bonus shares obtained from associates, subsidiaries and jointly controlled entities - - - - - - 14.2.7 Hedging funds (Effective portion) - - - - - - 14.2.8 Value increase on assets held for resale - - - - - - 14.2.9 Other capital reserves - - - - - - 14.3 Profit reserves 38.534-38.534 35.915-35.915 14.3.1 Legal reserves 7.509-7.509 5.577 5.577 14.3.2 Status reserves - - - - - - 14.3.3 Extraordinary reserves 31.025-31.025 30.338-30.338 14.3.4 Other profit reserves - - - - - - 14.4 Profit or loss 143.985-143.985 20.253-20.253 14.4.1 Prior year income/loss (2.366) - (2.366) (72.429) - (72.429) 14.4.2 Current year income/loss 146.351-146.351 92.682-92.682 14.5 Minority shares (12) - - - - - - TOTAL LIABILITIES AND EQUITY 2.466.721 1.712.468 4.179.189 1.728.292 882.114 2.610.406 The accompanying notes form an integral part of these financial statements. 4
UNCONSOLIDATED OFF BALANCE SHEET CONTINGENCIES AND COMMITMENTS THOUSAND NEW TURKISH LIRA CURRENT PERIOD PRIOR PERIOD Audited Audited (31/12/2006) (31/12/2005) Disc. TRY FC Total TRY FC Total A. OFF BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III) 4.014.917 2.976.971 6.991.888 2.658.001 1.739.795 4.397.796 I. GUARANTEES (1), (3) 3.283.639 2.976.971 6.260.610 2.172.561 1.739.795 3.912.356 1.1. Letters of Guarantees 3.275.200 1.901.654 5.176.854 2.148.962 1.122.520 3.271.482 1.1.1. Guarantees subject to State Tender Law - - - - - - 1.1.2. Guarantees given for foreign trade operations - - - - - - 1.1.3. Other letters of guarantee 3.275.200 1.901.654 5.176.854 2.148.962 1.122.520 3.271.482 1.2. Bank loans - 132.761 132.761-70.820 70.820 1.2.1. Import letter of acceptances - 132.761 132.761-70.820 70.820 1.2.2. Other bank acceptances - - - - - - 1.3. Letter of credits - 894.678 894.678-530.818 530.818 1.3.1. Documentary letter of credits - - - - - - 1.3.2. Other letter of credits - 894.678 894.678-530.818 530.818 1.4. Prefinancing given as guarantee - - - - - - 1.5. Endorsements - - - - - - 1.5.1. Endorsements to the Central Bank of Turkey - - - - - - 1.5.2. Other endorsements - - - - - - 1.6. Other guarantees 8.439 47.878 56.317 23.599 15.637 39.236 1.7. Other collaterals - - - - - - II. COMMITMENTS (1), (3) 731.278-731.278 485.440-485.440 2.1. Irrevocable commitments 731.278-731.278 485.440-485.440 2.1.1. Forward asset purchase commitments - - - - - - 2.1.2. Share capital commitment to associates and subsidiaries - - - - - - 2.1.3. Loan granting commitments - - - - - - 2.1.4. Securities underwriting commitments - - - - - - 2.1.5. Commitments for reserve deposit requirements - - - - - - 2.1.6. Payment commitment for checks 308.811-308.811 251.256 251.256 2.1.7. Tax and fund liabilities from export commitments - - - - - - 2.1.8. Commitments for credit card expenditure limits 422.467-422.467 234.184 234.184 2.1.9. Receivables from short sale commitments - - - - - - 2.1.10. Payables for short sale commitments - - - - - - 2.1.11. Other irrevocable commitments - - - - - 2.2. Revocable commitments - - - - - - 2.2.1. Revocable loan granting commitments - - - - - - 2.2.2. Other revocable commitments - - - - - - III. DERIVATIVE FINANCIAL INSTRUMENTS (2) - - - - - - 3.1 Derivative financial instruments for hedging purposes - - - - - - 3.1.1 Fair value hedge - - - - - - 3.1.2 Cash flow hedge - - - - - - 3.1.3 Hedge of net investment in foreign operations - - - - - - 3.2 Held for trading transactions - - - - - - 3.2.1 Forward foreign currency buy/sell transactions - - - - - - 3.2.1.1 Forward foreign currency transactions-buy - - - - - - 3.2.1.2 Forward foreign currency transactions-sell - - - - - - 3.2.2 Other Forward buy/sell transactions - - - - - - 3.3 Other - - - - - - B. CUSTODY AND PLEDGED ITEMS (IV+V+VI) 35.954.486 25.827.239 61.781.725 5.393.977 1.012.454 6.406.431 IV. ITEMS HELD IN CUSTODY 392.601 503.620 896.221 830.998 395.016 1.226.014 4.1. Assets under management - - - - - - 4.2. Investment securities held in custody - - - - - - 4.3. Checks received for collection 310.028 28.791 338.819 670.849 99.030 769.879 4.4. Commercial notes received for collection 82.570 64.163 146.733 160.148 98.491 258.639 4.5. Other assets received for collection - 410.666 410.666-197.495 197.495 4.6. Assets received for public offering - - - - - - 4.7. Other items under custody 3-3 1-1 4.8. Custodians - - - - - - V. PLEDGED ITEMS 35.561.885 25.323.619 60.885.504 4.562.979 617.438 5.180.417 5.1. Marketable securities 100.347 120.255 220.602 - - - 5.2. Guarantee notes 12.680.953 9.561.352 22.242.305 251 5 256 5.3. Commodity 300.190 61.716 361.906 - - - 5.4. Warranty - - - - - - 5.5. Properties 4.811.014 783.663 5.594.677 2.739.592 536.588 3.276.180 5.6. Other pledged items 17.669.381 14.796.633 32.466.014 1.823.136 80.845 1.903.981 5.7. Pledged items-depository - - - - - - VI. ACCEPTED INDEPENDENT GUARANTEES AND WARRANTIES - - - - - - TOTAL OFF BALANCE SHEET ACCOUNTS (A+B) 39.969.403 28.804.210 68.773.613 8.051.978 2.752.249 10.804.227 The accompanying notes form an integral part of these financial statements. 5
UNCONSOLIDATED STATEMENT OF INCOME THOUSAND NEW TURKISH LIRA Disc. CURRENT PERIOD PRIOR PERIOD (31/12/2006) (31/12/2005) I. PROFIT SHARE INCOME (1) 481.553 311.603 1.1 Profit share on loans 408.796 270.543 1.2 Profit share on reserve deposits 13.962 7.983 1.3 Profit share on banks 23.167 11.563 1.4 Profit share on money market placements - - 1.5 Profit share on marketable securities portfolio - - 1.5.1 Held-for-trading financial assets - 1.5.2 Financial assets at fair value through profit and loss - 1.5.3 Available-for-sale financial assets - 1.5.4 Investments held-to-maturity - 1.6 Finance lease Income 35.628 21.514 1.7 Other profit share income - - II. PROFIT SHARE INCOME (2) (224.016) (168.479) 2.1 Expense on profit sharing accounts (219.262) (168.096) 2.2 Profit share expense on funds borrowed (4.660) (383) 2.3 Profit share expense on money market borrowings - - 2.4 Expense on securities issued - - 2.5 Other profit share expenses (94) - III. NET PROFIT SHARE INCOME (I - II) 257.537 143.124 IV. NET FEES AND COMMISSIONS INCOME 135.492 87.863 4.1 Fees and commissions received 174.637 105.454 4.1.1 Cash loans 30.141 15.865 4.1.2 Non-cash loans 89.222 53.569 4.1.3 Other (12) 55.274 36.020 4.2 Fees and commissions paid (39.145) (17.591) 4.2.1 Cash loans (139) - 4.2.2 Non-cash loans - - 4.2.3 Other (12) (39.006) (17.591) V. DIVIDEND INCOME (3) - - VI. NET TRADING INCOME (4) (26.314) 16.257 6.1 Profit/losses on trading securities - - 6.2 Foreign exchange gains/losses (26.314) 16.257 VII. OTHER OPERATING INCOME (5) 112.393 20.180 VIII. TOTAL OPERATING INCOME (III+IV+V+VI+VII) 479.108 267.424 IX. PROVISION FOR LOAN LOSSES AND OTHER RECEIVABLES (-) (6) (75.687) (41.767) X. OTHER OPERATING EXPENSES (-) (7) (207.171) (124.914) XI. NET OPERATING INCOME/(LOSS) (VIII-IX-X) 196.250 100.743 XII. AMOUNT IN EXCESS RECORDED AS GAIN - - AFTER MERGER XIII. GAIN / (LOSS) ON EQUITY METHOD - - XIV. GAIN / (LOSS) ON NET MONETARY POSITION - - XV. INCOME/(LOSS) BEFORE TAXES (XI+XII+XIII+XIV) (8) 196.250 100.743 XVI. PROVISION FOR TAXES ON INCOME (±) (9) (49.899) (8.061) 16.1 Provision for current income taxes (32.342) (2.218) 16.2 Provision for deferred taxes (17.557) (5.843) XVII. NET OPERATING INCOME AFTER TAXES (XV±XVI) (10) 146.351 92.682 17.1 Discontinued Operations - - 17.2 Other 146.351 92.682 XVIII. NET PROFIT/(LOSS) (11) 146.351 92.682 18.1 Group's profit/loss 146.351 92.682 18.2 Minority shares - - Earnings per share 0,53 0,39 The accompanying notes form an integral part of these financial statements. 6
UNCONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY THOUSAND NEW TURKISH LIRA Disc. Paid-in Inflation Adjustment Share Share Certificate Legal Status Extraordinary Other Net Period Prior Period Net Marketable Securities Total Equity Minority Total CHANGES IN SHAREHOLDERS EQUITY Capital to Paid-in Capital Premium Cancellation Profits Reserves Reserves Reserves Reserves Profit/(Loss) Profit/(Loss) Value Increase Fund Except Minority Shares Shares Equity PRIOR PERIOD AUDITED (01/01-31/12/2005) I. Beginning Balance 120.000 53.163 - - 3.694-10.368-36.749 (73.632) 375 - - 150.717 II. Corrections according to TAS 8 - - - - - - - - - (287) - - - (287) 2.1 The effect of corrections of errors - - - - - - - - - - - - - - 2.2 The effects of changes in accounting policy. - - - - - - - - - (287) - - - (287) III. New Balance (I+II) 120.000 53.163 - - 3.694-10.368-36.749 (73.919) 375 - - 150.430 Changes in period - - - - - - - - - - - - - - IV. Increase/Decrease related to merger - - - - - - - - - - - - - - V. Investments securities available for sale - - - - - - - - - - - - - - VI. Hedging Transactions - - - - - - - - - - - - - - 6.1 Cash-flow hedge - - - - - - - - - - - - - - 6.2 Transfer to hedge of net investment in foreign operations - - - - - - - - - - - - - - Transferred amounts - - - - - - - - - - - - - - VII. Investments securities available for sale - - - - - - - - - - - - - - VIII. Hedging transactions - - - - - - - - - - - - - - 8.1 Cash-flow hedge - - - - - - - - - - - - - - 8.2 Hedge of net investment in foreign operations - - - - - - - - - - - - - - IX. Period net income/(loss) - - - - - - - - 92.682 - - - - 92.682 X. Profit distribution - - - - 1.883-26.176 - (36.749) 1.490 - - - (7.200) 10.1 Dividends distributed - - - - - - - - (7.135) - - - - (7.135) 10.2 Transfers to reserves - - - - 1.883-26.176 - (28.059) - - - - - 10.3 Other - - - - - - - - (1.555) 1.490 - - - (65) XI. Capital increase 120.000 (53.163) - - - - (6.206) - - - (375) - - 60.256 11.1 Cash 60.000 - - - - - - - - - - - 60.000 11.2 Tangible assets value increase in revaluation fund - - - - - - - - - - - - - 11.3 Bonus shares from associates, subsidiaries and jointly controlled entities - - - - - - - - - - - - - 11.4 Marketable securities value increase fund - - - - - - - - - - 256 - - 256 11.5 Inflation adjustment to paid-in capital 53.163 (53.163) - - - - - - - - - - - 11.6 Issuance of share certificates - - - - - - - - - - - - - 11.7 Foreign exchange differences - - - - - - - - - - - - - 11.8 Other 6.837 - - - - - (6.206) - - - (631) - - - XII. The disposal of assets - - - - - - - - - - - - - - XIII. The reclassification of assets - - - - - - - - - - - - - - XIV. Primary subordinated loans - - - - - - - - - - - - - - XV. Secondary subordinated loans - - - - - - - - - - - - - - XVI. The effect of change in associate s equity - - - - - - - - - - - - - - Closing Balance (III+IV+...+XIV+XV+XVI) 240.000 - - - 5.577-30.338-92.682 (72.429) - - - 296.168 CURRENT PERIOD AUDITED (01/01-31/12/2006) I. Prior period balance 240.000 - - - 5.577-30.338-92.682 (72.429) - - - 296.168 Changes in period - - - - - - - - - - - - - - II. Increase/Decrease related to merger - - - - - - - - - - - - - - III. Investments securities available for sale - - - - - - - - - - - - - - IV. Hedging Transactions - - - - - - - - - - - - - - 4.1 Cash-flow hedge - - - - - - - - - - - - - - 4.2 Transfer to hedge of net investment in foreign operations - - - - - - - - - - - - - - Transferred amounts - - - - - - - - - - - - - - V. Investments securities available for sale - - - - - - - - - - - - - - VI. Hedging transactions - - - - - - - - - - - - - - 6.1 Cash-flow hedge - - - - - - - - - - - - - - 6.2 Hedge of net investment in foreign operations - - - - - - - - - - - - - - VII. Period net income/(loss) - - - - - - - - 146.351 - - - - 146.351 VIII. Profit distribution - - - - 1.932-687 - (92.682) 70.063 - - - (20.000) 8.1 Dividends distributed - - - - - - - - - (20.000) - - - (20.000) 8.2 Transfers to reserves - - - 1.932 687 - - (2.619) - - - - 8.3 Other - - - - - - - - (92.682) 92.682 - - - - IX. Capital increase 60.000-150.000 - - - - - - - - - - 210.000 9.1 Cash - - - - - - - - - - - - - - 9.2 Tangible assets value increase in revaluation fund - - - - - - - - - - - - - - 9.3 Bonus shares from associates, subsidiaries and jointly controlled entities - - - - - - - - - - - - - - 9.4 Marketable securities value increase fund - - - - - - - - - - - - - - 9.5 Inflation adjustment to paid-in capital - - - - - - - - - - - - - - 9.6 Issuance of share certificates 60.000-150.000 - - - - - - - - - - 210.000 9.7 Foreign exchange differences - - - - - - - - - - - - - - 9.8 Other - - - - - - - - - - - - - - X. The disposal of assets - - - - - - - - - - - - - - XI. The reclassification of assets - - - - - - - - - - - - - - XII. Primary subordinated loans - - - - - - - - - - - - - - XIII. Secondary subordinated loans - - - - - - - - - - - - - - XVI. The effect of change in associate s equity - - - - - - - - - - - - - - Closing Balance (I+II+III+-...+XII+XIII+XIV) 300.000-150.000-7.509-31.025-146.351 (2.366) - - - 632.519 The accompanying notes form an integral part of these financial statements. 7
UNCONSOLIDATED STATEMENT OF CASH FLOW A. CASH FLOWS FROM BANKING OPERATIONS THOUSAND NEW TURKISH LIRA CURRENT PERIOD PRIOR PERIOD Audited Audited (31/12/2006) (31/12/2005) Disc. 1.1 Operating profit before changes in operating assets and liabilities 202.197 109.163 1.1.1 Profit share income received 470.693 305.632 1.1.2 Interest paid (211.569) (163.935) 1.1.3 Dividend received - - 1.1.4 Fees and commissions received 174.637 105.454 1.1.5 Other income 91.959 (11.106) 1.1.6 Collections from previously written off loans 12.561 47.542 1.1.7 Payments to personnel and service suppliers (79.304) (54.803) 1.1.8 Taxes paid (27.081) (4.828) 1.1.9 Others 1 (229.699) (114.793) 1.2 Changes in operating assets and liabilities 116.427 (164.290) 1.2.1 Net (increase) decrease in financial assets - - 1.2.2 Net (increase) decrease in financial assets at fair value through profit or loss - - 1.2.3 Net (increase) decrease in due from banks and other financial institutions (77.383) 17.482 1.2.4 Net (increase) decrease in loans (972.830) (760.079) 1.2.5 Net (increase) decrease in other assets (12.322) (6.531) 1.2.6 Net increase (decrease) in bank deposits (545.666) 223.500 1.2.7 Net increase (decrease) in other deposits 1.586.854 343.633 1.2.8 Net increase (decrease) in funds borrowed 110.814 (13.226) 1.2.9 Net increase (decrease) in matured payables - - 1.2.10 Net increase (decrease) in other liabilities 1 26.960 30.931 I. Net cash provided from banking operations 318.624 (55.127) B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net cash provided from investing activities (39.809) (59.150) 2.1 Cash paid for purchase of entities under common control, associates and subsidiaries (25.562) (46.002) 2.2 Cash obtained from sale of entities under common control, associates and subsidiaries - - 2.3 Fixed assets purchases (21.204) (11.295) 2.4 Fixed assets sales 6.333 1.892 2.5 Cash paid for purchase of financial assets available for sale - - 2.6 Cash obtained from sale of financial assets available for sale - - 2.7 Cash paid for purchase of investment securities - - 2.8 Cash obtained from sale of investment securities - - 2.9 Others 1 624 (3.745) C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net cash provided from financing activities 181.394 52.865 3.1 Cash obtained from funds borrowed and securities issued - - 3.2 Cash used for repayment of funds borrowed and securities issued - - 3.3 Capital increase 210.000 60.000 3.4 Dividends paid (20.000) (7.135) 3.5 Payments for finance leases (8.606) - 3.6 Other 1 - - IV. Effect of change in foreign exchange rate on cash and cash equivalents 1 17.530 16.256 V. Net increase / (decrease) in cash and cash equivalents 477.739 (45.156) VI. Cash and cash equivalents at the beginning of the year 288.238 333.394 VII. Cash and cash equivalents at the end of the year 765.977 288.238 The accompanying notes form an integral part of these financial statements. 8
STATEMENT OF PROFIT DISTRIBUTION THOUSAND NEW TURKISH LIRA CURRENT PERIOD PRIOR PERIOD (31/12/2006) (31/12/2005) I. DISTRIBUTION OF PERIOD PROFIT (**) 1.1 PERIOD PROFIT 196.250 103.695 1.2 TAXES AND LEGAL OBLIGATIONS PAYABLE (-) (49.899) (8.934) 1.2.1 Corporate Tax (32.342) (2.218) 1.2.2 Corporate Tax Deduction 1.2.3 Other taxes and legal obligations(*) (17.557) (6.716) A. NET PERIOD PROFIT (1.1-1.2) 146.351 94.761 1.3 PREVIOUS PERIOD LOSSES (-) (2.366) (72.142) 1.4 FIRST LEGAL RESERVE (-) (1.132) 1.5 THE FUNDS THAT ARE OBLIGED TO BE PRESERVED WITHIN THE BANK B. DISTRIBUTABLE NET PERIOD PROFIT [(A-(1.3+1.4+1.5)] 143.985 21.487 1.6 FIRST DIVIDEND TO SHAREHOLDERS (-) (12.000) 1.6.1 To Holder of Stocks (6.000) 1.6.2 To Holder of Preferred Stocks (6.000) 1.6.3 To Profit Participation Certificates 1.6.4 To Profit Sharing Securities 1.6.5 To Owners of the profit /loss Partnership Certificates 1.7 DIVIDEND TO PERSONNEL (-) - 1.8 DIVIDEND TO BOARD OF DIRECTORS (-) - 1.9 SECOND DIVIDEND TO SHAREHOLDERS (-) (8.000) 1.9.1 To Holder of Stocks (4.000) 1.9.2 To Holder of Preferred Stocks (4.000) 1.9.3 To Profit Participation Certificates 1.9.4 To Profit Sharing Securities 1.9.5 To Owners of the profit /loss Partnership Certificates 1.10 SECOND LEGAL RESERVE (-) (800) 1.11 STATUS RESERVES (-) - 1.12 EXTRAORDINARY RESERVES (687) 1.13 OTHER RESERVES 1.14 SPECIAL FUNDS II. DISTRIBUTION FROM RESERVES 2.1 DISTRIBUTED RESERVES - 2.2 SECOND LEGAL RESERVE (-) - 2.3 SHARE TO SHAREHOLDERS (-) - 2.3.1 To Holder of Stocks 2.3.2 To Holder of Preferred Stocks 2.3.3 To Profit Participation Certificates 2.3.4 To Profit Sharing Securities 2.3.5 To Owners of the profit /loss Partnership Certificates 2.4 SHARE TO PERSONNEL (-) - 2.5 SHARE TO BOARD OF DIRECTORS (-) - III. EARNINGS PER SHARE 3.1 TO HOLDER OF STOCKS 0,79 3.2 TO HOLDER OF STOCKS ( % ) 78,97 3.3 TO HOLDER OF PREFERRED STOCKS 0,79 3.4 TO HOLDER OF PREFERRED STOCKS ( % ) 78,97 IV. DIVIDEND PER SHARE 4.1 TO HOLDER OF STOCKS 0,08 4.2 TO HOLDER OF STOCKS ( % ) 8,33 4.3 TO HOLDER OF PREFERRED STOCKS 0,08 4.4 TO HOLDER OF PREFERRED STOCKS ( % ) 8,33 (*) Deferred tax expense is presented in "other tax and legal obligations" line. (**) Profit distribution is agreed on General Assembly Meeting and as of report date, the General Assembly meeting has not been held, yet. (***) Calculated based on the announced net period profit before TFRS adjustments. The accompanying notes form an integral part of these financial statements. 9
SECTION THREE ACCOUNTING PRINCIPLES I. Explanations on Basis of Presentation 1. Presentation of Financial Statements 咇 咇 n l 咇 nk n咇 咇 咇 咇 咇 咇 nk 咇 咇 n l n 咇 咇 n 咇l n 咇 咇 咇l 咇 nk n咇 咇咇l n n 咇咇 咇 n 咇 n 咇 咇 n 咇 咇n m n 咇n n咇 m 咇 ll n n 咇 l 咇 n m l n l 咇 咇 n n l 咇 n l n m 咇 ll m 咇咇 m n 咇 咇 n咇 n m n咇 l l l 咇l n m咇 咇l n 咇 咇l 咇 n咇咇 n l n n 咇 n. nk ll n l 咇 l n 咇 咇 n 咇 n咇 n l n 咇 l 咇 l n 咇咇 l 咇 k n 咇 咇 n n m n 咇n 咇 n n. nk 咇 咇 咇 咇 k 咇 n n l m n 咇 n ll l 咇m n 咇 咇 咇 n n l m n n n 咇 咇 k 咇n n咇 n 咇 咇 n 咇咇l n n 咇 n n 咇l 咇 n咇 咇n n咇 n 咇m n n nk 咇咇咇l n l 咇 咇 咇 m咇 咇 n n咇m咇 咇 咇 k mm l n 咇 ᇧ噗 咇 l n. nk 咇 咇 n n l m n 咇 咇咇l n咇 咇n n咇 咇 l n 咇 咇n n咇 n n 咇 咇 k 咇n n咇 n 咇 咇 n l mm咇n 咇咇é 咇 咇 n 咇n m n n 咇咇l n n 咇 咇 nk n咇 咇咇l n n 咇咇 咇 n 咇 n 咇 咇. l 咇n n咇 咇 l n 咇 咇n n咇 咇咇l n n n -XX 咇 l 咇. 1.1. Accounting Policies Applied 咇 n n l m n 咇 咇 l 咇咇 n l n 咇 咇 咇 n 咇 k 咇n n咇 n 咇 咇n m n l 咇 n咇 n n n咇 n n l m n 咇咇咇l n l 咇 咇 n咇m咇 咇 咇 咇 n n咇 咇 咇咇 n n n 咇 咇 k 咇n n咇 n n 咇 k n n l 咇 n咇 n 咇 n 咇 n 咇l 咇 m n 咇咇l n n 咇 咇 咇n n咇 n n n l 咇 n咇 咇 咇 咇 咇. 咇咇 m n 咇 n n l m n 咇 咇mm 咇 咇 l 咇 咇 Explanation (Thousand TRY) Net Profit for the Year 2005 Previous Years Losses Equity n n 9 咇. 咇 咇 咇. 咇 咇. 9 m咇l 咇 n 咇.9 咇 咇 咇 咇 8 咇 咇. 8 咇 咇 m咇 8 咇 咇. 咇 l 咇咇 m n 咇. 咇9 咇 咇 8 咇 咇 咇. 咇 咇咇 咇咇 n n n 9. 8 咇 咇. 咇 9 咇. 咇
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) I. Explanations on Basis of Presentation (Cont d) 2. Basis of Accounting m咇 n n咇 n n l m n 咇 n nk l 咇 l 咇 k. nk 咇咇 m n n l n 咇n n咇 l 咇 l 咇 k n咇 m 咇n 咇 m咇 咇 n咇 咇 咇 咇 咇 ᇧ噗 咇. m咇 咇 n n l m n 咇 咇 n n 咇 l 咇 l 咇 k n l 咇 n 咇l 咇 咇 咇 l咇 n 咇 n n n l m n n l咇 咇咇 m n n l n 咇 m n n咇 n 咇 n l 咇咇 n咇 咇 咇 咇 k ᇧ噗 n n 咇 咇 k 咇n n咇 n. 9 n n l 咇 n咇 n 咇 n l n n m 咇 9 咇 咇 m咇 咇咇 咇咇 咇 咇 n n. 2.1 Inflationary Accounting 9 咇咇 n n l m n 咇 咇 n 咇 n 咇 n l n n m 咇 n m m 咇 n咇 咇n 咇 n 咇 l n. n咇l 咇 n n l m n nk 咇 m咇 咇 n l咇 m n l n咇 n 咇咇 n咇 咇 咇 咇 k ᇧ噗 咇咇 咇 9 n n l 咇 n咇 n 咇 n l n n m. 9 咇咇 咇咇l n 咇 咇 n咇 n n l m n n n 咇 咇 咇 n 9 咇 咇 m n n 咇 n l n n m n 咇 n n n l n 咇n n咇 咇咇l n 咇 咇 n l n 咇 咇. 咇 咇l 咇 8 咇 l 咇咇 n 咇 n l n 咇 n l n咇 咇 l n 咇咇l n n l咇 n 咇 l 咇 n n咇m咇 咇 n l n 咇n n咇 咇 k n咇 咇咇 n 咇咇 m n 咇 nk 咇 咇 n n l m n n咇 咇咇l n n l n咇 n. m n n 咇 n l n n m l 咇 l 咇 咇 咇 n 咇 nk n咇 n咇 咇咇 咇 n 咇 m 咇 l 咇 n 咇n 咇 n 咇 咇 n咇 n 咇 咇 咇 n 咇 nk n咇 n咇 咇咇 l n n 咇 m 咇 l l n 咇 l n n 咇n 咇 n l n 咇 n咇 n 咇 咇 咇 m n n m n 咇 咇 n n 咇 咇 n咇 咇 咇 nm n 咇 n 咇 n n 咇 n n 咇 n 咇. 咇 n n 咇 l l n 咇 l n 咇 l 咇 n l m n咇 nn 咇n m n 咇 k n 咇.
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) II. Explanations on Strategy of Financial Assets and Foreign Currency Transactions Usage nk m n 咇 咇 咇 咇 n n l n 咇m n 咇 n n咇 n 咇. 咇 n 咇 咇 n n 咇 n咇 咇n. ᇧ噗 咇 l ll 咇 咇 咇 咇 n l 咇咇 l 咇 l. 咇 l n 咇 nk n 咇咇 咇 n 咇 l 咇 l. nk n 咇n n 咇n 咇 n 咇 n k 咇 咇 n咇 l n咇 咇 n咇 咇 m. n咇 m n n m 咇 k n咇 n n n m 咇 咇 咇 咇 l n m. nk m n 咇 l m 咇 l n. ll n m 咇n 咇 n l n l m 咇 n 咇n n. n 咇 咇 k nk咇 n n n 咇n 咇 n 咇 ll 咇 n 咇 咇 咇 咇 k ᇧ噗 咇 n l n 咇 咇 k ᇧ噗 咇 咇 n咇 咇 咇 l n咇 n n. n n l 咇 l n m n n 咇n 咇 n n l n 咇 咇 k ᇧ噗 咇 n 咇 n咇 nk. 咇n 咇 n咇 咇 n l n咇 m n l n m n m n 咇n 咇 n n m n ll n 咇咇 m n 咇n 咇 n n m m n. III. Explanations on Forward and Option Contracts and Derivative Instruments nk n 咇 咇 n n 咇 咇 n n 咇 n咇 咇咇 咇. IV. Explanations on Profit Share Income and Expenses n m n 咇咇 n 咇n 咇 n n m m n n n 咇 l 咇. l 咇 n 咇n l 咇 n 咇 l n n-咇 m n咇 l n 咇 n n n m n nn n 咇 l n n n m nl 咇 n 咇 n ll. V. Explanations on Fees and Commission Income and Expenses n mm n n m n 咇咇 n 咇 n mm n 咇咇 n 咇 n 咇 n n nn n 咇 咇 咇 n咇 n 咇 n m m 咇咇 n m 咇咇 n n 咇. n 咇n n n n 咇 n咇 m 咇 n n n 咇 l 咇.
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) VI. Explanations on Financial Assets n n l n 咇m n m咇 n n l 咇 n n l l 咇 l n 咇 咇 n 咇m n. n n l n n n l l 咇 l 咇n 咇 n nk 咇 l n 咇 n nk 咇 m 咇 n 咇 l 咇 咇 n n 咇m n. ll 咇 n n l m m 咇 mm l 咇 n 咇 n nk. n n l n 咇m n 咇 咇 l 咇 m 咇 l 咇咇 咇 n m k k nk n n l m n. 咇 l咇 m 咇n 咇 n 咇l 咇 咇 n咇 l 咇 l l 咇 咇 咇 n kn 咇l 咇 咇l 咇 ll n咇 咇 n n m l n咇 n n. 咇 l咇 咇 咇 n 咇 m k 咇 咇 咇 n咇 m 咇n 咇 n 咇l m l 咇 咇 咇l n 咇咇 n咇 n n l n 咇m n n n 咇 m k 咇 n 咇. m 咇 l咇 n n l m n 咇 nk 咇 n咇 n m n 咇 咇 m k n l 咇 n 咇 l咇 n m. 咇 咇 咇 n 咇 n m k n m n n m n 咇 l咇. 咇 m 咇 l咇 咇 n n 咇 m n 咇 n l 咇咇 咇 l n 咇 l 咇 l咇 咇 咇 m 咇 n m k n n. m n n l n 咇m n n咇 咇 l咇 咇咇 m 咇 咇 l咇 咇 咇m 咇 咇咇 l 咇 l咇 咇 咇 m n 咇. m n 咇m咇 n 咇 n m n n咇 n 咇l m 咇 l咇 ll n n l n 咇m n m n n 咇 l 咇. 咇 nk 咇 n n n l n 咇 n 咇 n 咇咇 咇 l n m咇 n n 咇 m n 咇 咇 n 咇 l l 咇咇 - m n咇 m n n 咇 n咇 k 咇n n 咇 l咇 n咇 咇 n l n咇 咇l kn 咇n m 咇n. 咇 k 咇 l咇 n n l 咇咇 咇 m 咇 l咇. k 咇l 咇 咇 k 咇l 咇 咇 l咇 咇咇 咇 l l n 咇 咇 咇 咇 k 咇l 咇 l n咇 咇 咇 咇咇 n 咇 咇 n 咇 ll 咇咇 咇 ll n咇 咇咇 n咇 n n m n 咇 n m - m 咇 咇咇 咇n 咇 咇 m k 咇l 咇 l m k 咇l 咇 咇 l咇 咇咇 咇 l n 咇 n. nk 咇 咇 l n 咇 咇 咇 n 咇 m 咇咇 咇 咇 咇 n咇 m 咇 咇 咇 n n. n 咇 咇咇咇 n咇 咇 n ll 咇n 咇 n m 咇 咇 l咇 n n n l m n. 咇 l咇 咇 咇 n n 咇 m k m n 咇 n 咇咇 咇 咇 n m k 咇. n 咇 咇 n n l n 咇 l咇 n n l 咇 l咇 咇咇 咇 n l l n n m m n咇 n n 咇 l咇 m k 咇l 咇 咇n. n n m n 咇 n m n n l 咇 l咇 咇咇 咇 n l l n n n m n 咇 n n m.
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) VI. Explanations on Financial Assets (Cont d) n咇 m n l m 咇 n l咇 咇 咇 咇 m n 咇l 咇 m n n 咇 m 咇 咇 n n n n l n咇 咇n l m 咇 n l 咇 n n n 咇l llm n 咇 n n n咇 n l咇 n咇 咇n n咇 咇 l. 咇 l 咇 l咇 l n n 咇 咇l. n l 咇n n l m 咇 n咇 m n m 咇 m 咇 咇 咇 n咇 咇 n l m咇 m n l 咇 n. nk n n n l 咇咇 l l m 咇 n咇 m n n 咇 ll n 咇 咇咇 咇 l n 咇 l 咇 咇 n 咇咇l n咇 n n咇 咇l. 咇 n m 咇 m l m 咇 n咇 m n 咇 n m n n m m n. m k 咇l 咇 l 咇 l 咇l l 咇 n ll 咇n 咇 n l咇 n咇 n n. n l 咇n n咇 咇 l 咇l l 咇 m 咇 咇 l咇 n 咇n l 咇 咇 n/l n咇 m n 咇 咇 n m 咇 n 咇 l咇 n k 咇l 咇 ᇧ噗 l咇 n 咇n 咇n 咇咇. 咇 l 咇 l 咇l l n n l 咇 咇 l咇 n / n k 咇l 咇 ᇧ噗 l咇 n 咇n 咇n 咇咇 n n m m n. m咇 咇 nk n 咇 咇 咇 l咇 咇咇 咇 l 咇 l m 咇 咇 l 咇l l 咇 l. ᇧ噗 n n 咇 咇l 咇 ᇧ噗 n n 咇 咇l 咇n 咇 m 咇. 咇 n n n m l n nn n 咇 咇咇 n l n n 咇 咇l n n 咇 n n n 咇n 咇 n n m m n. ᇧ噗 n n l 咇 n 咇n 咇 m 咇n n n m 咇 l l 咇l 咇 咇 n咇 n n l 咇 n m n l n m n 咇 n m m. 咇n 咇 n n 咇n 咇 n n 咇 l n 咇 l咇 n 咇 l咇 n n 咇n 咇n 咇n 咇 n咇 咇 n n / 咇n 咇 n咇 ᇧ噗 n n m m n. ᇧ噗 n 咇 n 咇 nk 咇n 咇 n 咇 n n l n 咇m n. 9 咇n n n 咇 m n 咇
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) VI. Explanations on Financial Assets (Cont d) n 咇 n 咇 n 咇 咇 咇咇 n ll n l n 咇 l n n 咇 咇 n n咇 咇 l n 咇n n n m 咇 咇 咇 l n咇 咇咇l n 咇 n 咇 咇 咇 咇 n 咇n 咇 n n m m n. ll n 咇咇 咇l l n 咇n 咇 n 咇 n m 咇 m 咇咇 咇l ᇧ噗 n n 咇 咇l. l 咇 咇 n 咇n n ll n 咇 咇 咇 n l 咇 n 咇 n 咇 n m n n咇 m 咇n 咇n 咇 n 咇n ll n m 咇 咇咇 n. VII. Explanations on Impairment of Financial Assets 咇 l n 咇 nk 咇 l咇 n咇 m 咇n n n l 咇 咇咇 n n l m n 咇 n 咇 咇 咇 n n 咇 咇 n m咇 m n l. n 咇 n n 咇 咇 nk m n l m咇 m n. n n l n n l 咇 咇咇 咇咇 咇 m咇 m n l nl n 咇 咇 咇 n l 咇 n n m n n 咇 n 咇 l 咇 n 咇 咇咇 咇咇 n n l 咇n n n n l 咇l m 咇咇 咇 咇 l 咇 l n n l n 咇 咇咇. 咇 咇 咇 咇 咇 咇 l n 咇 n 咇 咇 咇 咇咇 l n 咇n 咇. VIII. Explanations on Offsetting of Financial Assets and Liabilities n n l n l 咇 l 咇 n nk l 咇 ll n 咇l 咇 咇 n 咇 n nk n n n ll n咇 咇 n咇 n m 咇n l n l 咇 l 咇 n nk 咇 n l 咇 l m咇l n 咇 l. IX. Explanations on Sales and Repurchase Agreements and Securities Lent nk n 咇 n 咇咇 咇 m n l n 咇. 咇
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) X. Explanations on Assets Held for Sale and Discontinued Operations 咇 n 咇l n 咇n n咇咇 m n n 咇 l l l m n 咇 n mm咇n 咇咇é n nk n咇 咇 n n 咇l n n咇 咇 l n l l 咇咇咇l n l 咇 咇 n咇m咇 n 咇 m咇. nk l l n 咇 l n n nk ll n n咇 咇 n nk n 咇 m l 咇l n 咇 咇 n n 咇咇 咇咇 n l n. 咇 n n 咇 咇 l n咇 咇l n l l n m咇 n n咇 n n l m n. m 咇 l l l m 咇 l 咇 n咇 m 咇n n 咇 l咇 l ll. 咇 n 咇 n 咇 n 咇 l n 咇 l n. n l n咇 咇l 咇 l l 咇 咇 咇 l 咇 咇咇 咇 咇l 咇 咇 l 咇l n mm l n 咇 n n n 咇咇 咇 m n 咇咇l l 咇 咇 咇 咇 l 咇 咇咇 咇 n l 咇l 咇 咇 l 咇 咇 咇l. 咇 l 咇 咇 咇l l 咇 咇咇 咇 l 咇 l m n 咇 m n m咇 咇 mm 咇l n ll 咇 咇 l 咇 咇咇 咇咇 n n 咇 咇 咇 mm m咇l 咇l n 咇l 咇 n l 咇 m. l 咇 咇 咇 l 咇 咇咇 咇 咇l 咇 n 咇 m k l 咇 l咇 咇 咇 n 咇l 咇 l咇 n l n 咇 n 咇 l咇. l 咇 l 咇l 咇 咇n 咇 m咇l l 咇 n n l n 咇 n n n n n 咇 咇 咇咇 咇l m咇l n 咇l n 咇l n m 咇 咇 l 咇n n n咇 n咇 l m n n咇 咇l n. 咇 n 咇m n m 咇 n m咇l n l m n n. 咇 ll l l l 咇 n 咇 n l n l 咇 咇 咇 n n 咇m n 咇 咇 n n l n n m n mm 咇l n ll 咇 咇 l 咇 咇咇 咇. n n咇 咇 n 咇 n 咇 nk 咇 n 咇 咇 l l l. 咇 n l l n咇 n n咇 咇 n 咇 n 咇 l n n m m n. XI. Explanations on Goodwill and Other Intangible Assets 咇 咇 ll n咇 n 咇咇 n 咇咇 咇 n l n ll n 咇 n 咇 咇咇 n 咇 咇 咇咇 n n n 咇 l咇 n 咇l 咇 l 咇 l n n n咇 n l 咇 l 咇咇 咇 n l n ll n 咇n 咇 咇咇 n. 咇 咇 ll n ll 咇n 咇 n n 咇咇 咇咇 n l m 咇 l n 咇m咇l m咇 m n l. 咇咇 咇 m咇 m n n咇咇 咇 咇 ll ll 咇 咇咇 -咇 n n咇 咇n 咇咇 咇 n m n 咇 m咇 n n.
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) XI. Explanations on Goodwill and Other Intangible Assets (Cont d) -咇 n n咇 咇n 咇 咇 咇 ll 咇 n ll m咇 m n nn咇 ll 咇 m 咇咇 n l 咇 n n n n 咇n m 咇 m咇. 咇 咇l m 咇n -咇 n n咇 咇n l n n咇 m 咇n 咇n 咇 m咇 m n l ll 咇 n咇 m 咇n n 咇 咇 ll ll 咇n n n 咇n 咇 - n 咇 n咇 m 咇n n 咇n. n m咇 m n l 咇n 咇 咇 咇 ll n 咇 n 咇咇 咇咇 n 咇. n 咇 l 咇咇 咇 n l n ll n 咇 咇咇 咇l m 咇n 咇 咇 ll n l咇 n m n n 咇 l n 咇 l. n 咇 咇 ll n 咇n n l n n l m n nk 咇 l n. n n咇 咇l 咇咇 咇 n咇 咇 咇 咇n l 咇m咇l 咇 n n n m咇 m n 咇 咇 n n n咇 咇l 咇咇 n 咇咇 咇咇 n 咇 咇n 咇咇 n l 咇m咇l 咇 n n n m咇 m n 咇 n 咇 n 咇咇 咇 n咇 咇 咇. n n咇 咇l m 咇 咇 咇 l n m 咇 n n咇 咇 咇l l 咇. m 咇 n m 咇 咇 n 咇 ll. n n咇 咇l m nl n 咇 咇 n m 咇 咇 咇 l n m n 咇. XII. Explanations on Tangible Assets n咇 咇l 咇n 咇咇 n n n n 咇 咇n l 咇 咇. n咇 咇l m 咇 咇咇 n l 咇m咇l 咇 n n m咇 m n 咇 咇 n. 咇 n l l n n 咇 l n 咇n 咇 咇 n l. 咇 l咇 n咇 咇l 咇 n咇 咇 l咇 咇 m咇 m n l 咇 n咇 m 咇n n m 咇n 咇n 咇 m咇 m n n m咇 n n咇 n n l m n. 咇 n l 咇l n咇 m 咇 l n咇 咇l 咇n 咇 n n m m n n 咇 咇 n n 咇 n n 咇 k 咇 l咇. n n n n咇 咇l 咇n 咇 n n m m n 咇咇 n. n 咇l 咇 咇 m 咇 咇 n n n咇 咇l. n咇 咇l 咇l ᇧ噗 咇 咇 咇咇 咇m n 咇 咇 n 咇 n 咇 咇 咇 ᇧ噗 l 咇 ᇧ噗 l m咇 咇 m n 咇 ᇧ噗 n n 咇 l n咇 咇 咇
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) XIII. Explanations on Leasing Transactions nk ᇧ噗 ᇧ噗 l n n l 咇 n 咇 m l n 咇咇 n ll n ll k n 咇 咇n 咇 l. m 咇n 咇 m l 咇n n n l 咇 咇l m 咇n nk n n咇 m n n l. n n l n m ll 咇n n咇 咇 l n n 咇 咇 n n nk n n咇 m n 咇 n n咇 n 咇 l. nk ᇧ噗 ᇧ噗 l n n l 咇 n 咇 m l n 咇咇 n ll ll k n 咇 咇n 咇 l l 咇n n n l 咇n 咇 nk 咇 l咇 n 咇 n l 咇 l 咇 咇 咇 n 咇 l咇 m n m咇m l 咇 m n. 咇 n n咇 l 咇 l l n l咇 n 咇 l n n n l 咇l 咇 n. ᇧ噗 咇 m n 咇咇 n 咇 咇 n n n 咇 n 咇 n l 咇l 咇 n 咇 n n n n m n n咇 咇 l n l 咇 l. n n 咇 咇 咇 l 咇 咇nl l 咇咇 咇l 咇咇 l n咇 咇 n 咇 咇 l 咇 n n 咇 nk 咇 n l 咇 l n 咇 咇 n咇. m咇 咇 nk n 咇 n 咇 n咇 l. XIV. Explanations on Provisions and Contingent Liabilities 咇 n 咇n 咇 咇 n 咇 n 咇l 咇 n咇 咇 咇 咇l n 咇 l 咇 咇 m咇 n咇 n m 咇 n 咇 ll 咇 咇咇 l 咇l 咇 n n l 咇l m n 咇 m m 咇n 咇l 咇 n. n n咇 n l 咇 l m ll 咇 咇 m n 咇 咇 咇 l n n m 咇 l 咇. XV. Explanations on Liabilities Regarding Employee Benefits n 咇 k l 咇 n 咇n n 咇 m n 咇 l咇m咇 咇m 咇 m n m m咇l n咇 n咇 l咇n l l 咇 n咇 nk. m n 咇 咇 咇 n 咇n 咇 n m咇 n n咇 n n l m n 咇 n 咇 n 咇 l咇 n 咇 n 咇l 咇 n 咇咇 咇n 咇n 咇 咇 l 咇 n n l n n 咇 9 m咇l n. 8
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) XVI. Explanations on Taxation 咇 咇咇 n m咇 咇 n 咇 n 咇 咇咇 n. 咇 咇 n l 咇 咇l 咇 n 咇 咇l 咇. 咇 咇l 咇 m 咇 咇 n n m m n 咇 咇 咇 l咇 m n m 咇咇 n 咇 咇l 咇 咇l n n 咇 咇 l咇 m n 咇 咇 咇l 咇 咇l. 咇 咇咇 l 咇 l 咇 n 咇 l 咇l 咇 n咇 咇 咇 咇 n n 咇咇 n 咇 l n 咇 咇 l n. n咇 l 咇 咇 咇 ᇧ噗 咇 咇 咇 9咇 咇 咇 % n m. 咇 m咇 咇 咇 % 咇 咇 咇n 咇 n n 咇 咇 n n咇 m 咇n n l 咇 l n n n l m n n 咇 n n咇 咇 咇 咇 n m咇咇 n 咇 咇l 咇 咇 n 咇n 咇 n咇 咇 l n l 咇 l m. 咇 l 咇 l 咇 n ll 咇n 咇 ll 咇 咇l m咇 n n 咇 咇n 咇 ll 咇 咇l m咇 n 咇 n 咇 咇 咇l 咇 咇l 咇 咇 ll 咇 咇 l 咇l 咇 n 咇 咇 咇l m咇 n n 咇 咇 l 咇. 咇 n l 咇 l n 咇n 咇 m咇 n m 咇 咇 ll m n l 咇n n 咇 n n 咇咇 n m咇 n n 咇 n l 咇 l n n n n 咇 咇l 咇 n 咇n n咇 咇. n咇 m 咇n 咇 咇 咇 咇 l n n 咇 咇 n n l n咇 咇 咇 咇l 咇 n 咇 咇l 咇 咇 ll 咇 咇 l 咇l ll 咇 ll 咇 咇 咇. 咇 n l 咇 l m 咇 咇 咇咇 咇咇l n 咇 n 咇 l 咇 l l l 咇 n 咇n 咇 n n m m n. 咇 n nn n 咇 l 咇 咇咇 咇 ll 咇 l 咇 m l 咇咇. 咇 咇 咇l n 咇 咇 咇 n l 咇 咇 m 咇 n 咇. 咇 n l 咇 l l. nk 咇咇 咇 n n l m n 咇 n n l n 咇n n咇 n咇 咇 n n 咇 ᇧ噗 咇 咇 咇 咇. XVII. Additional Explanations on Borrowings 咇 n咇 n n 咇 n 咇m n. 9 咇n n n 咇 m n n n l n 咇 n咇 n 咇m n 咇 咇 咇 咇 n咇 n 咇m n 咇咇l 咇n n咇 n 咇 l咇 n m 咇 咇 n咇 l 咇 l 咇咇 咇l l 咇咇 n 咇 n k. n 咇 咇 咇 咇 nk. n n咇 咇l 咇 n 咇 咇 nk. 9
SECTION THREE (Cont d) ACCOUNTING PRINCIPLES (Cont d) XVIII. Explanations on Share Certificates n n 咇 咇 n l m咇l n 9 m咇 咇咇 n咇 咇 咇咇 咇l 咇 n l 咇 咇 l nk 咇 n n 咇. 咇 n 咇 n l 咇咇咇l n咇 n. n 咇咇 n l 咇 咇 l 咇 n n m 咇. 咇 n. 咇 n. 咇. 咇 n n 咇. 咇 n 咇n 咇 咇 l n 咇 m 咇m 咇 咇 咇 l. 咇 咇 n 咇 n l nk nn 咇n 咇 l n. 咇咇 n 咇 ll 咇 nn 咇n n n 咇 咇 n l. m咇l 咇咇 咇咇 n 咇 l n XIX. Explanations on Acceptances 咇 n l 咇 m咇l n 咇 l 咇 咇 m n 咇 m n 咇 n 咇 咇l mm m n n -咇 l n 咇n. XX. Explanations on Government Incentives n 咇 咇 nm n n n 咇 咇 咇 nk. XXI. Explanations on Segment Reporting nk 咇 n 咇 咇 mm l n 咇 n l 咇 nk n咇 n l n 咇 m n 咇 m n 咇 /l n咇 m l 咇. nk n 咇 咇 l 咇 n咇 n n 咇 咇 咇 咇m n 咇 n咇. XXII. Explanations on Other Matters n m n 咇n n咇 咇 l 咇 咇.
SECTION FOUR INFORMATION ON FINANCIAL STRUCTURE I. Explanations Related to the Capital Adequacy Standard Ratio: 咇 l 咇咇 nk 咇 n 咇n n l n n l m n % 8咇 9. 咇 l 咇咇 n l 咇l n n 咇 mm咇n 咇咇é n " 咇 m n n m n 咇 l 咇咇 nk "咇 咇 咇 咇咇咇l n l 咇 咇 n咇m咇 n 咇 m咇 咇. n m咇咇 n 咇 l 咇咇 n 咇 n m n 咇 咇 n n 咇 咇 咇n n咇 咇咇 m n 咇. Risk Weights nk % % 咇 % % m 咇n 咇咇 咇 k l n m 咇 咇 咇 咇. 咇 咇...9 咇8. 咇. 咇 n 咇咇 咇 l n 咇 咇. 咇 - - - 咇 k 咇l 咇 - - - - 咇 m n l nk 咇 k 9. 咇 咇 - - - 咇 m m nk 咇 咇n nk 咇 n n 咇 -. 咇 -. 8 n 咇 nk n k l m n - - - - 咇 咇l m 咇 咇 n n - - - - 咇 咇. 咇 - - - ᇧ噗 n 咇 * 咇 8. 咇 -. 8. 99. 8 n-咇 m n咇 l n 咇 咇 - - -. 咇 n n l ᇧ噗 咇 咇l - - -. 咇 咇 l 咇l - - l n n l - - - - l 咇 n咇 m n - - - - 咇 咇l m n llm n l - - - - 咇n 咇 咇 8 -. 9 咇 咇 n n m 咇 l 咇* 咇 咇.8 咇 咇 8.9 咇. 咇咇 咇 n n n mm n n l 咇 咇 - - - 咇9. 咇 n咇 咇l - - -. 咇 8. - - - l n m 89... 咇 咇 咇. 8 咇 咇 咇.8 咇 咇 咇咇 n n mm m n 89... 咇 咇 咇. 8 咇 咇 咇.8 咇 咇 咇 咇 n n l n 咇m n - - - - n k 咇 咇 咇n - - - - l k 咇 咇 9.9 咇 咇. 咇. 咇. 咇 咇. 咇 咇..9 咇 咇* 咇 nk n m k n n n 咇 n咇 % k 咇 咇 l n 咇 n咇 ll l n 咇 n n咇 咇 l 咇 咇 n 咇咇 n 咇 n咇 咇n. n咇 % l n 咇 n咇 ll l 咇 n 咇咇 咇 n咇 咇n n n l咇 n l % k 咇 咇 l n. 咇 咇 nk ll 咇 k n咇 n m 咇 n 咇 咇 l n咇 咇咇l n. Summary Information on the Capital Adequacy Standard Ratio of the Bank nk 咇* 咇 l k 咇 咇 咇 咇 咇. 咇 咇. 8. 咇. 咇 咇 m 咇n 咇咇 咇 k k 咇 咇 咇. 咇.8 m 咇n 咇咇 咇 咇 n l k 咇 咇 咇** 咇 - - l 咇咇 咇. 9.8 咇 l 咇咇 / 咇 咇 + + 咇 * 8咇 9 咇9 咇* 咇 咇 咇 n 咇 m咇 咇 l 咇 咇 n 咇 n n 咇 n m n m n n 咇 咇 l n咇 咇咇l n.
SECTION FOUR (Cont d) INFORMATION ON FINANCIAL STRUCTURE (Cont d) I. Explanations Related to the Capital Adequacy Standard Ratio (Cont d): Information related to the components of shareholders' equity: CORE CAPITAL 咇* 咇 - n 咇 l. 咇. m n l 咇 l. 咇. 咇 l mm m n 咇- 咇 - - 咇咇 m n 咇 - n 咇 l - - 咇 m 咇m 咇. - n ll n 咇 - - ᇧ噗 咇 l 咇 咇. 咇 9 咇. 咇 咇 咇 l 咇 l 咇 咇 咇 k mm l 咇 / 咇 咇. 咇8 咇. 咇 咇 n l 咇 l 咇 咇 咇 k mm l 咇 / 咇.9 咇. 咇 l 咇 l 咇 咇 咇 l l 咇 l n - - 咇 咇 - - 咇 n 咇. 咇. 8 咇 ll 咇 咇 n l m咇l. 咇. 8 n n n咇 - - 咇m咇l l - - 咇n 咇 n 咇 l 咇 n咇 n - - n l n 咇咇 m n ᇧ噗 咇 l 咇 咇 咇 咇 n 咇 n 咇 - - 咇 咇. 咇89 9. 8 咇 n 咇 咇. 咇 9. 8 咇. 8 - 咇 n 咇 咇l l 咇咇 咇% 咇 l - - 咇 n n l n 咇咇 n 咇 咇 咇 咇 l - - m 咇咇 n l n 咇咇 咇% 咇 l - - ᇧ噗 nn 咇 咇 咇 咇 咇- 咇 咇. 咇 咇 咇 咇. 咇 9 咇 咇 n 咇 l - - l 咇. 咇 咇 咇 咇. 咇 9 咇 ᇧ噗 l m咇 咇 m n 咇- 咇 咇. 咇 咇 咇 咇8.8 8 咇 咇 咇咇 n 咇- 咇 咇. 咇 咇9 咇 咇 咇 8 咇 n n咇 咇l 咇- 咇 咇.8 咇 咇. 9 咇 咇 咇 n咇 % 咇 l - - 咇 m 咇n n l 咇 咇 l 咇 nk n咇 ᇧ噗 咇 - - l 咇 l. 98 8.8 咇 咇* 咇 咇 咇 n 咇 m咇 咇 l 咇 咇 n 咇 n n 咇 n m n m n n 咇 咇 l n咇 咇咇l n.
SECTION FOUR (Cont d) INFORMATION ON FINANCIAL STRUCTURE (Cont d) I. Explanations Related to the Capital Adequacy Standard Ratio (Cont d): Information related to the components of shareholders' equity (Cont d): ᇧ噗 ᇧ噗 咇* 咇 咇 n l ᇧ噗 n ᇧ噗 咇 8.998. 咇 咇% 咇 l咇 n 咇 m 咇 咇l 咇 - - 咇 咇% 咇 l咇 n 咇 咇 咇 - - n咇 咇 n m 咇 咇咇 n n 咇n mm n n l - - m 咇咇 n l n 咇 l咇 n l 咇l n 咇 l - - n 咇咇 n l n - - k 咇l 咇 咇 l咇 n 咇n - - n 咇咇 - - 咇 l 咇l l 咇 - - n 咇 n n 咇 l 咇 咇 咇 咇 n n n n咇 咇 咇 咇 n 咇 n n l 咇 l 咇 咇 咇 咇 n 咇 n 咇 咇 - - l 咇咇咇l m n 咇 l 8.998. ᇧ噗 - - ᇧ噗 咇. 9 9.8 咇 咇 ᇧ噗 咇 咇 咇咇 n 咇 nk n n n l n 咇 n 咇咇 % m 咇 l 咇 m 咇 咇n 咇 咇 l咇 m n l n 咇 咇 咇咇 nk n 咇 % m l n 咇咇咇l m n 咇 l 咇咇 咇l 咇 nk n n n l n 咇 n 咇咇 % l 咇 l 咇 m 咇 咇n 咇 - - n 咇咇 n l n n 咇 m n 咇咇 n 咇 咇l m n 咇 n 咇 nk n n n l n 咇 n 咇 m 咇 咇n 咇 Q咇 l l - - ᇧ噗 n 咇 n n n m咇l n 咇 l 咇 n 咇 nk n咇 ᇧ噗 咇 - - l n 咇 k 咇 l咇 nk l n 咇 咇 % 咇咇 n n n 咇 l 咇 咇 咇 n 咇 k 咇 l咇 l n mm 咇咇 n 咇 n咇 l n n 咇 咇l 咇l 咇 咇 咇 咇 咇 咇 n 咇 n 咇 l 咇咇 咇 n 咇 n 咇 咇 nn n咇 咇咇 n. - - - - Total Shareholders Equity 咇. 9.8 咇 咇* 咇 咇 咇 n 咇 m咇 咇 l 咇 咇 n 咇 n n 咇 n m n m n n 咇 咇 l n咇 咇咇l n.
SECTION FOUR (Cont d) INFORMATION ON FINANCIAL STRUCTURE (Cont d) II. Explanations Related to Credit Risk : 咇 n l n 咇 m m n n 咇 咇 咇咇l l 咇 ll n 咇 m n n n 咇 mm咇n 咇咇é n m n n咇 咇 ᇧ噗 n n 咇 咇l 咇 n ll nk n 咇 n n 咇l ll n咇 咇 n. 咇n m n 咇 n 咇 n 咇 咇 l n咇 咇咇l n. l m m n 咇 咇 mm nk n m n n. nk 咇 n 咇 n 咇咇 n k 咇 m咇 n咇 咇 n l 咇 咇 l- m 咇 咇 咇 咇l k 咇 n 咇 m 咇咇. n 咇 n n 咇 咇 n n m l n n. n mn n n- l n 咇咇 咇 m k 咇 咇 咇 咇 咇 l n. nk m n 咇 咇 n 咇l l n n n 咇 mm咇n 咇咇é m n n咇 咇 ᇧ噗 n n 咇 咇l 咇 n ll nk n 咇 n n 咇l ll n咇 咇 n. n n l 咇 n n 咇咇 n 咇 n 咇 m n l 咇 m ll n 咇 n 咇 l n 咇 咇 m n 咇 n 咇 咇 咇 m n 咇l n m n 咇 咇 n n咇 咇 m n. nk n 咇n 咇 nk n咇 咇 n n n. m咇 咇 咇 k nk m 咇 l n 咇 m n l l n n n n l l 咇 咇l 咇9 %. m咇 咇 咇 k nk m 咇 n n- l n 咇 m n l n n- l n 咇 咇咇 咇8 %. m咇 咇 咇 n n n- 咇 咇l nk m 咇 l n 咇 m n l 咇 l n n n n- l n 咇 咇%. m咇 咇 nk 咇 n l 咇 咇 n m 咇n k. 咇 咇 n. 咇
SECTION FOUR (Cont d) INFORMATION ON FINANCIAL STRUCTURE (Cont d) II. Explanations Related to Credit Risk (Cont d) : Information according to geographical concentration: 咇咇 n- ᇧ噗 n ᇧ噗 咇 l n咇 m n 咇 n m. 咇 咇. 咇. 咇. 8 咇.. 咇 - 咇. 咇 咇 咇 n n n 咇n 咇. 咇8 咇 咇.9 8. 9 咇 - - 咇n 咇* 咇 9. 咇 咇. 9 - - - nk n咇 咇 n - 8. 咇. - - 咇 n.9 9 8. 咇 咇.98 咇 - - 咇n. 8..9 - - 咇 咇咇 n n n mm n n l 咇9. 咇 - - - - n ll /ᇧ噗 咇 l 咇** 咇 - - - - - l 咇. 咇9. 89. 咇 咇. 咇.. - 咇. 咇 m. 咇 8. 咇. 咇9. 咇 咇 咇.8 咇. - 9. 8 咇 咇 n n n 咇n. 咇 咇. 咇 咇. - - 咇n 咇* 咇 咇 咇 咇 咇 咇 - - - nk n咇 咇 n - - - - - 咇 n. 咇. 咇 咇. - - 咇n 咇 咇. 8 咇. 咇 咇 咇 - - 咇 咇咇 n n n - - mm n n l 咇 咇.9 - - n ll /ᇧ噗 咇 l 咇** 咇 - - - - - l.. 咇. 咇. 8.9. 咇 - 9. 8 咇* 咇 咇n 咇 咇n n n n. 咇** 咇 n l 咇 l nn 咇 ll n n n 咇. 咇
SECTION FOUR (Cont d) INFORMATION ON FINANCIAL STRUCTURE (Cont d) II. Explanations Related to Credit Risk (Cont d) : Sector concentration for cash loans: 咇% 咇 咇% 咇 咇% 咇 咇% 咇 咇 咇l 咇 咇 咇. 咇9 咇 咇. 咇咇 咇 咇 咇. 咇 咇 咇. 咇 咇 咇 m n咇 n n咇 ᇧ噗 咇 k 咇. 咇 咇 咇 咇. 咇 咇 咇 咇. 咇 咇 咇. 咇 咇 咇8 咇 咇 n 咇 咇. 咇 咇 咇8 咇 咇9. 咇8 咇 咇 咇 9. 咇 咇 咇. 咇 咇. 咇 8. 咇 咇 咇 咇 咇 n咇 咇 n咇.. 咇 8咇 8 咇. 咇 9 咇 咇咇 咇 咇 8. 咇 咇咇 咇 咇.9 咇 咇8 n n咇 n Q咇 98. 咇 咇 咇 咇 咇. 咇 咇 咇 咇 咇. 咇 咇 咇 咇8 咇 咇. 9 咇 咇 咇 n 咇. 咇 8 咇咇 咇. 咇9 咇 咇 咇 咇 8.9 咇咇99 咇.9 咇 9咇 l 咇 咇 n 咇 8 咇. 咇9 咇咇. 咇 咇 8.8 咇 咇咇 8 咇. 咇 咇 咇 n 咇 n 咇 咇. 咇 咇咇 咇 咇. 咇9 咇咇 9 咇. 咇 咇 咇 咇咇 咇. 咇 咇咇 咇. 98 咇. 咇 咇 咇. 咇9 咇 咇. 咇 咇 咇8 咇 咇 l l n l.889 咇 咇 咇. 咇 咇 咇 咇 咇8. 8 咇. 9 咇 咇咇 咇 l咇 咇 m咇 n 咇 咇 咇 咇. 8 咇 咇 - -. 咇 咇 咇 咇 - - n 咇 n n mm咇n n 咇. 咇 咇 咇咇8 咇. 咇 咇咇 咇. 8 咇 咇 - - n n l n 咇 n 咇. 咇 8 - - 咇 咇 - - l n n n咇 咇. 9 咇 咇 - -. 咇 咇. 咇9 咇 9 l - m咇l m n 咇 - - - - - - - - 咇 n 咇. 9 咇 8 - - 咇. 咇 咇. 咇 8咇 l n l 咇 咇9. 咇 咇89. 咇9 咇 8 咇. 咇 咇 咇 咇 咇 9. 8 咇 咇 8 咇 咇 咇8 咇. 咇 8 咇咇 咇 咇 咇. 咇 咇 咇 l. 8. 咇 99. 8 咇.. 咇 咇 咇. 咇 咇 III. Explanations Related to Market Risk: m 咇n 咇咇 咇 m k k l 咇l n 咇 咇 n 咇 n n 咇 mm咇n 咇咇é l 咇 m n n m n nk 咇 l 咇咇 咇咇咇l n l 咇 咇. 咇 m咇. k k m 咇 n m n l 咇. m 咇n 咇 咇 咇 l 咇咇 m n 咇 m咇l 咇 n l k k - n - 咇 咇 咇 l 咇咇 m n 咇 m咇l 咇 k - n - 咇 咇 l 咇咇 m n 咇 m咇l 咇 n k - n.98 咇 ᇧ噗 咇 咇 l 咇咇 m n 咇 m咇l mm k - n - 咇ᇧ噗 咇 咇 l 咇咇 m n 咇 m咇l l m n k - n - 咇ᇧ噗 咇 l 咇 l 咇咇 m n 咇 m咇l k k 咇l n咇 m 咇 n - 咇ᇧ噗 咇 l 咇 l 咇咇 m n 咇 m咇l k k n nk n咇 k - 咇ᇧ噗 咇 l 咇 l 咇咇 m n 咇 m咇l k k 咇 + + + ᇧ噗+ᇧ噗+ᇧ噗 咇.98 咇 X 咇 m 咇n 咇咇 咇 k k 咇 咇 咇 咇 ᇧ噗 咇 咇 咇 咇 咇 ᇧ噗 咇 咇.
ASYA KATILIM BANKASI A.Ş. (Amounts expressed in thousands of New Turkish Lira (TRY) unless otherwise stated.) SECTION FOUR (Cont d) INFORMATION ON FINANCIAL STRUCTURE (Cont d) III. Explanations Related to Market Risk (Cont d) : Average market risk table calculated at the end of the months during the period: Current Period Average Interest Rate Risk Common Stock Risk Maximum Minimum - - - Average Maximum Minimum - - - - - - - - - 36.584 67.050 2.163 31.959 62.763 9.363 Commodity Risk - - - - - - Settlement Risk - - - - - - Option Risk - - - - - - 36.584 67.050 2.163 31.959 62.763 9.363 Currency Risk Total Value Subject to Risk IV. Prior Period Explanations Related to Operational Risk: Commencing from June 30, 2007, operational risk will be measured in accordance with the Communiqué on Measurement and Assessment of Capital Adequacy issued by the BRSA on 1 November, 2006. V. Explanations Related to Currency Risk : The currency risk of the Bank is monitored on a daily basis. Net foreign currency position/ capital ratio is also controlled using the same basis. The Bank does not use any derivative instruments for hedging. The Standard Method stated in the statutory reporting is used to measure the currency risk of the Bank. The risk measurements are performed on a monthly basis. The announced current foreign exchange buying rates of the Bank as of 31 December 2006 and the previous five working days are as follows: FC Evaluation Rate of the Bank Previously; 28.12.2006 (Day 1) 27.12.2006 (Day 2) 26.12.2006 (Day 3) 25.12.2006 (Day 4) 22.12.2006 (Day 5) US Dollar 1,4131 1,4192 1,4198 1,4220 1,4186 1,4216 31 December 2006 Euro Sterling 1,85804 2.76831 1,86606 1,86486 1,86661 1,87236 1,87348 2,78026 2,78002 2,79424 2,78476 2,79065 Japanese Yen 1,1866 1,19353 1,19092 1,19478 1,19474 1,19929 Simple arithmetical thirty-day average of the major current foreign exchange buying rates of the Bank before 31 December 2006 is TRY 1,4244 per US Dollar, TRY 1,88062 per EURO, TRY 1,2115 JPY and TRY 2,79417 per GBP. 27