97 / 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
The movement of employment termination for 2016 and 2015 are as follow:
2016
2015
Opening balance
56.695
25.780
Interest cost
5.727
2.274
Service cost
55.352
32.974
Severance payment
(24.788)
(5.850)
Actuarial gain
(10.409)
1.517
Closing balance
82.577
56.695
11. Deferred income
As of December 31, 2016, charges of shareholding and entrance fees which have been collected from the members are recorded as
income for the period of January 1 -2016 – December 31, 2016 and the portion of the following years’ amounting to TL 1.848.667
was accounted as deferred income (December 31, 2015: TL 2.077.079).
12. Tax and liabilities payable
December 31, 2016
December 31, 2015
Corporate tax provision
454.271
801.668
Advance corporate tax
(363.916)
(507.790)
Total
90.355
293.878
Deferred tax asset/(liability), net
Temporary differences
Deferred tax asset/liability
December 31,
2016
December 31,
2015
December 31,
2016
December 31,
2015
Depreciation correction of tangible and
intangible assets
(4.306)
(1.184)
(861)
(237)
Provisions for severance pay
18.736
7.967
3.747
1.594
Provisions for accumulated leave
25.608
2.122
5.122
424
Doubtful receivables
-
18.605
-
3.721
Deferred tax asset/(liability)
40.038
27.510
8.008
5.502
95
The Association of Financial Institutions
Annual Report 2016