93 / 104
Notes to the consolidated financial statements
as of December 31, 2016
(All amounts expressed in Turkish Lira (“TL”))
Finansal Kiralama, Faktoring ve Finansman Şirketleri Birliği ve Bağlı Ortaklıkları
As of December 31, 2016 and 2015, cash and cash equivalents of the Group are presented by deducting interest accruals from cash
and cash equivalents:
December 31, 2016
December 31, 2015
Cash and cash equivalents
11.112.537
10.156.747
Minus (-): Interest accruals
(61.685)
(69.418)
Cash and cash equivalents in the cash flow statement
11.050.852
10.087.329
4. Trade receivables
December 31, 2016
December 31, 2015
Receivables from registration process
(*)
105.433
214.170
Receivables form “MFKS” operations
(**)
6.962
126.555
Receivables from members
(***)
590
8.378
Total
112.985
349.103
(*)
One of the companies subject to consolidation “Finansal Kiralama İktisadi İşletmesi”, performs registration of domestic and foreign leasing conventions. As a result of cooperation with
“Merkezi Kayıt Kuruluşu”, registration process of leasing contracts are started by “Finansal Kiralama İktisadi İşletmesi” since February 9, 2015.
(**)
Since January 1, 2015, with the cooperation between “Faktoring İktisadi İşletmesi” and “Kredi Kayıt Bürosu”, Factoring Companies with banks aggregated invoice information that they will
receive information about the transfer, including the Central Invoice Recording System (MFKS) serves.
(***)
Receivables form members are consists of receivables from education services
5. Other current assets
December 31, 2016
December 31, 2015
Prepaid insurance policies
9.207
9.037
Personnel health insurance
2.993
3.241
Advances given for business
1.743
914
Other
1.633
3.332
Prepaid taxes and funds
875
771
Advances given for purchases
-
13.410
Total
16.451
30.705
91
The Association of Financial Institutions
Annual Report 2016