99 / 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
15. General administrative expenses
January 1, 2016 –
December 31, 2016
January 1, 2015 –
December 31, 2015
Personnel expenses
(4.144.500)
(3.720.066)
Rent expenses
(1.217.573)
(1.114.073)
Promotion and advertising expenses
(808.218)
(357.957)
Consultancy and audit expenses
(650.644)
(471.213)
Conference and organization expenses
(646.284)
(420.260)
General office expenses
(417.732)
(380.597)
Depreciation and amortization charges
(405.878)
(395.118)
Outsourced benefits and services
(246.319)
(222.876)
Travel expenses
(177.813)
(141.945)
Withholding tax expense
(127.320)
(112.387)
Representation and hospitality expenses
(121.020)
(152.169)
Membership fee
(85.336)
(19.433)
Other expenses
(67.381)
(47.295)
Accounting costs
(30.300)
(27.690)
Cargo and transportation expenses
(10.141)
(8.302)
Stamp tax
(6.491)
(9.580)
Non-deductible expenses
(687)
-
Taxes and fund expenses
(20)
(3.400)
Benefaction expenses
-
(250.000)
Total
(9.163.657)
(7.854.361)
16. Other operational expenses
January 1–
December 31, 2016
January 1–
December 31, 2015
Benefaction expenses
(138.750)
-
Advertisement design expense
(81.184)
-
Organization expense
(80.058)
-
Perception survey expense
(61.360)
-
Travel expenses
(55.717)
-
Withholding tax
(52.159)
-
Provision expense
(48.196)
(4.362)
Uludağ summit participation
(17.250)
-
Rounding difference
(76)
(46)
Total
(534.750)
(4.408)
97
The Association of Financial Institutions
Annual Report 2016