95 / 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
7. Intangible assets
Movements in intangible assets between January 1, 2016- December 31, 2016 are as follows:
Rights
Other intangible
assets
Total
Cost
Opening balance, January 1, 2016
1.361.029
-
1.361.029
Additions
111.284
50.000
161.284
Closing balance, December 31, 2016
1.472.313
50.000
1.522.313
Accumulated depreciation
Opening balance, January 1, 2016
(144.906)
-
(144.906)
Charge for the period
(127.710)
(5.000)
(132.710)
Closing balance December 31, 2016
(272.616)
(5.000)
(277.616)
Net book value
1.199.697
45.000
1.244.697
Movements in intangible assets between January 1, 2015- December 31, 2015 are as follows:
Rights
Total
Cost
Opening balance, January 1, 2015
1.355.031
1.355.031
Additions
6.000
6.000
Closing balance, December 31, 2015
1.361.031
1.361.031
Accumulated depreciation
Opening balance, January 1, 2015
(26.038)
(26.038)
Charge for the period
(118.868)
(118.868)
Closing balance December 31, 2015
(144.906)
(144.906)
Net book value
1.216.125
1.216.125
8. Current period tax assets
As of December 31, 2016 and 2015, the Group has no taxable income.
93
The Association of Financial Institutions
Annual Report 2016