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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”))
Deferred tax liability
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
(86.807)
(71.235)
(17.361)
(14.247)
Provisions for severance pay
16.745
10.336
3.348
2.067
Unused vocation liability
1.965
-
393
Deferred tax liability
(68.097)
(60.899)
(13.620)
(12.180)
Deferred tax assets / liabilities, 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
(91.114)
(72.419)
(18.223)
(14.484)
Provisions for severance pay
35.481
18.303
7.096
3.661
Provisions for accumulated leave
(27.573)
2.122
5.515
424
Doubtful receivables
-
18.605
-
3.721
Deferred tax assets / liabilities, net
(28.060)
(33.389)
(5.612)
(6.678)
13. Other current liabilities
Other current liabilities consists of taxes and funds payable TL 73.280, reverse charge value added tax TL 186, other liabilities TL 6.984.
(December 31, 2015: Other current liabilities consists of taxes and funds payable TL 124.597, reverse charge value added tax TL 169,
expense accruals TL 12.835, other liabilities TL 2.660.)
14. Sales and cost of sales
January 1, 2016 –
December 31, 2016
January 1, 2015 –
December 31, 2015
Domestic registration fee income
3.748.950
5.393.000
Association participation share costs
4.125.342
4.313.018
“MFKS” income
(*)
3.000.300
2.940.395
Education expenses
539.580
490.590
Factoring sector participation share cost
775.069
1.031.472
Financial leasing participations share cost
453.667
501.667
Financing company participations share costs
485.334
329.333
Foreign registration fee income
39.000
45.500
Financing company entrance fees
80.000
40.000
Other revenue
-
6.068
Total
13.247.242
15.091.043
Sales returns (-)
-
-
Net Sales
13.247.242
15.091.043
Cost of sales (-)
(3.529.505)
(3.154.583)
Gross profit
9.717.737
11.936.460
(*)
“MFKS” revenues, as stated in Article 43 as Central Invoice Recording, of the Financial Leasing, Factoring and Finance Companies Law no 6361; Factoring companies and banks, invoice
information consists of including information regarding the claims they are taken over, to be obtained for the system to consolidation centralized invoice record infrastructure cost of
participation and centralized invoice record system service fee.
96
Annual Report 2016
The Association of Financial Institutions