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Finansal Kiralama, Faktoring ve Finansman Şirketleri Birliği ve Bağlı Ortaklıkları
Notes to the consolidated financial statements
as of December 31, 2016
(All amounts expressed in Turkish Lira (“TL”))
Liquidity risk
The risk of funding existing and prospective debt requirements is managed by maintaining the availability of sufficient and high-
quality lenders.
Prudent liquidity risk management refers to the ability to hold sufficient cash and securities, the availability of adequate funding of
credit transactions, and the ability to close market positions.
The table below shows the Group’s distribution of non-derivative financial liabilities’ maturity profile as of December 31, 2016 and 2015:
December 31, 2016
Maturities in accordance with agreement
Book values
Total cash
outflow in
accordance
with
agreement
(=I+II+III)
Less than
3 months (I)
Between 3-12
months (II)
Between
1-5 years (III)
Non-derivative financial liabilities
Trade payables
477.206
477.206
477.206
-
-
Total
477.206
477.206
477.206
-
-
December 31, 2015
Maturities in accordance with agreement
Book values
Total cash
outflow in
accordance
with agreement
(=I+II+III)
Less than
3 months (I)
Between 3-12
months (II)
Between
1-5 years (III)
Non-derivative financial liabilities
Trade payables
387.498
387.498
387.498
-
-
Total
387.498
387.498
387.498
-
-
Interest rate risk
The Group has no interest rate risk as of December 31, 2016 (December 31, 2015: None).
Foreign currency risk
The Group is exposed to foreign currency risk due to exchanging of the foreign currency assets and liabilities amounts to TL. The
Group follows balanced foreign exchange policy in order to reduce the foreign currency risk.
As of December 31, 2016 the Group has no foreign currency and was not exposed to exchange rate risk (December 31, 2015: None).
22. Other issues that have significant effect on the balance sheet or that are ambiguous and/or open to interpretation
and require clarification:
None.
100
Annual Report 2016
The Association of Financial Institutions