KAMUYU AYDINLATMA PLATFORMU ÇAĞDAŞ FAKTORİNG A.Ş. Financial Institutions Financial Report 2016-4. 3 Monthly Notification General Information About Financial Statements
Independet Audit Comment Independent Audit Company Audit Type Audit Result DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. Continuous Positive BAĞIMSIZ DENETÇİ RAPORU Çağdaş Faktoring A.Ş. Yönetim Kurulu'na Finansal Tablolara İlişkin Rapor Çağdaş Faktoring A.Ş.'nin ("Şirket") 31 Aralık 2016 tarihli finansal durum tablosu ile aynı tarihte sona eren hesap dönemine ait; kar veya zarar tablosu, kar veya zarar ve diğer kapsamlı gelir tablosu, özkaynaklar değişim tablosu, nakit akış tablosu ile önemli muhasebe politikalarını özetleyen dipnotlar ve diğer açıklayıcı notlardan oluşan ilişikteki finansal tablolarını denetlemiş bulunuyoruz. Yönetimin Finansal Tablolara İlişkin Sorumluluğu Şirket yönetimi; finansal tabloların 24 Aralık 2013 tarih ve 28861 sayılı Resmi Gazete'de yayımlanan Finansal Kiralama, Faktoring ve Finansman Şirketlerince Uygulanacak Tekdüzen Hesap Planı ve İzahnamesi Hakkında Tebliğ ile Finansal Kiralama, Faktoring ve Finansman Şirketlerinin Muhasebe Uygulamaları ile Finansal Tabloları Hakkında Yönetmelik, tebliğ ve genelgeleri ile Bankacılık Düzenleme ve Denetleme Kurumu ("BDDK") tarafından yapılan açıklamaları ve bunlar ile düzenlenmeyen konularda Türkiye Muhasebe Standartları hükümlerini içeren; "BDDK Muhasebe ve Finansal Raporlama Mevzuatı"na uygun olarak hazırlanmasından, gerçeğe uygun bir biçimde sunumundan ve hata veya hile kaynaklı önemli yanlışlık içermeyen finansal tabloların hazırlanmasını sağlamak için gerekli gördüğü iç kontrolden sorumludur. Bağımsız Denetçinin Sorumluluğu Sorumluluğumuz, yaptığımız bağımsız denetime dayanarak bu finansal tablolar hakkında görüş vermektir. Yaptığımız bağımsız denetim, Kamu Gözetimi Muhasebe ve Denetim Standartları Kurumu ("KGK") tarafından yayımlanan Türkiye Denetim Standartları'nın bir parçası olan Bağımsız Denetim Standartları'na uygun olarak yürütülmüştür. Bu standartlar, etik hükümlere uygunluk sağlanmasını ve bağımsız denetimin, finansal tabloların önemli yanlışlık içerip içermediğine dair makul güvence elde etmek üzere planlanarak yürütülmesini gerektirmektedir. Bağımsız denetim, finansal tablolardaki tutar ve açıklamalar hakkında denetim kanıtı elde etmek amacıyla denetim prosedürlerinin uygulanmasını içerir. Bu prosedürlerin seçimi, finansal tablolardaki hata veya hile kaynaklı "önemli yanlışlık" risklerinin değerlendirilmesi de dâhil, bağımsız denetçinin mesleki muhakemesine dayanır. Bağımsız denetçi, risk değerlendirmelerini yaparken, şartlara uygun denetim prosedürlerini tasarlamak amacıyla işletmenin finansal tablolarının hazırlanması ve gerçeğe uygun sunumuyla ilgili iç kontrolü değerlendirir, ancak bu değerlendirme, işletmenin iç kontrolünün etkinliğine ilişkin bir görüş verme amacı taşımaz. Bağımsız denetim, bir bütün olarak finansal tabloların sunumunun değerlendirilmesinin yanı sıra, işletme yönetimi tarafından kullanılan muhasebe politikalarının uygunluğunun ve yapılan muhasebe tahminlerinin makul olup olmadığının değerlendirilmesini de içerir. Bağımsız denetim sırasında elde ettiğimiz bağımsız denetim kanıtlarının, görüşümüzün oluşturulması için yeterli ve uygun bir dayanak oluşturduğuna inanıyoruz. Görüş Görüşümüze göre, finansal tablolar, Çağdaş Faktoring A.Ş.'nin 31 Aralık 2016 tarihi itibarıyla finansal durumunu ve aynı tarihte sona eren hesap dönemine ait finansal performansını ve nakit akışlarını BDDK Muhasebe ve Finansal Raporlama Mevzuatı'na uygun olarak tüm önemli yönleriyle gerçeğe uygun bir biçimde sunmaktadır.
Mevzuattan Kaynaklanan Diğer Yükümlülüklere İlişkin Rapor 6102 sayılı Türk Ticaret Kanunu'nun ("TTK") 402'nci maddesinin dördüncü fıkrası uyarınca; Şirket'in 1 Ocak 31 Aralık 2016 hesap döneminde defter tutma düzeninin, TTK ile Şirket esas sözleşmesinin finansal raporlamaya ilişkin hükümlerine uygun olmadığına dair önemli bir hususa rastlanmamıştır. TTK'nın 402'nci maddesinin dördüncü fıkrası uyarınca; Yönetim Kurulu tarafımıza denetim kapsamında istenen açıklamaları yapmış ve talep edilen belgeleri vermiştir. DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. Member of DELOITTE TOUCHE TOHMATSU LIMITED Yaman Polat, SMMM Sorumlu Denetçi İstanbul, 1 Mart 2017
Statement of Financial Position (Balance Sheet) 31.12.2016 31.12.2015 TL FC Total TL FC Total Statement of Financial Position (Balance Sheet) ASSET ITEMS CASH, CASH EQUIVALENTS AND BALANCES AT CENTRAL BANK FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS (Net) 3 2 2 0 0 Financial Assets Held For Trading 0 0 Financial Assets Designated at Fair Value Through Profit or Loss Derivatives Classified As Financial Assets Held For Trading 0 0 0 0 BANKS 4 2.218 11 2.229 4.051 4.051 RECEIVABLES FROM REVERSE REPOR TRANSACTIONS 0 0 AVAILABLE FOR SALE FINANCIAL ASSETS (Net) 0 0 FACTORING RECEIVABLES 5 616.782 616.782 525.695 525.695 Discounted Factoring Receivables 615.425 615.425 519.665 519.665 Domestic 644.785 644.785 547.267 547.267 Unearned Income (-) -29.360-29.360-27.602-27.602 Other Factoring Receivables 1.357 1.357 6.030 6.030 Domestic 1.357 1.357 6.030 6.030 FINANCIAL LOANS 0 LEASING TRANSACTIONS 0 OTHER RECEIVABLES 0 NON-PERFORMING RECEIVABLES 6 14.719 14.719 14.983 14.983 Non-Performing Factoring Receivables 31.883 31.883 29.622 29.622 Specific Provisions (-) -17.164-17.164-14.639-14.639 DERIVATIVE FINANCIAL ASSETS HELD FOR CASH FLOW HEDGES HELD TO MATURITY INVESTMENTS (Net) 0 INVESTMENTS IN SUBSIDIARIES (Net) 0 INVESTMENTS IN ASSOCIATES (Net) 0 JOINT VENTURES (Net) 0 TANGIBLE ASSETS (Net) 7 41.957 41.957 32.073 32.073 INTANGIBLE ASSETS AND GOODWILL (Net) 8 318 318 136 136 Other 318 318 136 136 PREPAYMENTS 10 14.611 14.611 5.090 5.090 CURRENT TAX ASSETS 0 DEFERRED TAX ASSET 9 363 363 273 273 0
OTHER ASSETS 10 6.211 6.211 706 706 SUBTOTAL 697.181 11 697.192 583.007 583.007 ASSETS CLASSIFIED AS HELD FOR SALE AND DISCONTINUED OPERATIONS (NET) 11 14.662 14.662 1.103 1.103 Held for Sale 14.662 14.662 1.103 1.103 TOTAL ASSETS 711.843 11 711.854 584.110 584.110 LIABILITY AND EQUITY ITEMS DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING 0 0 0 0 LOANS RECEIVED 12 164.126 164.126 205.236 205.236 FACTORING PAYABLES 5 400.554 400.554 271.155 271.155 LEASE PAYABLES 0 MARKETABLE SECURITIES (Net) 13 64.110 64.110 50.621 50.621 Bonds 64.110 64.110 50.621 50.621 OTHER PAYABLES 14 12.479 12.479 647 647 OTHER LIABILITIES 0 DERIVATIVE FINANCIAL LIABILITIES HELD FOR CASH FLOW HEDGES TAXES PAYABLE 15 1.626 1.626 1.364 1.364 PROVISIONS FOR LIABILITIES AND EXPENSES 16 1.092 1.092 851 851 Reserves For Employee Benefits 1.092 1.092 851 851 DEFERRED INCOME 0 CURRENT TAX LIABILITIES 9 44 44 5 5 DEFERRED TAX LIABILITY 0 SUBORDINATED DEBT 0 SUBTOTAL 644.031 644.031 529.879 529.879 LIABILITIES RELATED TO ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net) EQUITY 17 67.823 67.823 54.231 54.231 Issued capital 40.000 40.000 30.000 30.000 Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss 0 0 7.107 7.107-250 -250 Profit Reserves 7.254 7.254 6.086 6.086 Legal Reserves 7.254 7.254 6.086 6.086 Profit or Loss 13.462 13.462 18.395 18.395 Prior Years' Profits or Losses 756 756 4.969 4.969 Net Profit Or Loss 12.706 12.706 13.426 13.426 TOTAL EQUITY AND LIABILITIES 711.854 711.854 584.110 584.110
STATEMENT OF OFF-BALANCE SHEET ITEMS 31.12.2016 31.12.2015 TL FC Total TL FC Total OFF-BALANCE SHEET ITEMS OFF-BALANCE SHEET ITEMS IRREVOCABLE FACTORING TRANSACTIONS 0 REVOCABLE FACTORING TRANSACTIONS 172.523 172.523 109.814 109.814 COLLATERALS RECEIVED 25.1 5.396.643 5.396.643 2.739.898 2.739.898 COLLATERALS GIVEN 25.2 590.092 590.092 283.828 283.828 COMMITMENTS 0 DERIVATIVE FINANCIAL INSTRUMENTS 0 ITEMS HELD IN CUSTODY 675.751 6.446 682.197 577.316 6.328 583.644 TOTAL OFF-BALANCE SHEET ITEMS 6.835.009 6.446 6.841.455 3.710.856 6.328 3.717.184
Profit or loss [abstract] 01.01.2016-31.12.2016 01.01.2015-31.12.2015 Profit or loss [abstract] OPERATING INCOME 144.889 124.133 FACTORING INCOME 18 144.889 124.133 Factoring Interest Income 138.075 116.969 Discounted 136.029 115.678 Other 2.046 1.291 Factoring Fee and Commission Income 6.814 7.164 Discounted 6.814 7.164 INCOME FROM FINANCING LOANS 0 LEASE INCOME 0 FINANCE COST (-) 21-88.874-70.979 Interest Expenses on Funds Borrowed -25.916-23.358 Interest Expenses On Factoring Payables -56.318-37.789 Interest Expenses on Securities Issued -6.517-9.444 Fees and Commissions Paid -123-388 GROSS PROFIT (LOSS) 56.015 53.154 OPERATING EXPENSES (-) 19-26.777-26.207 Personnel Expenses -17.860-15.594 Provision Expense for Employment Termination Benefits -241-295 General Operating Expenses -8.676-10.318 GROSS OPERATING PROFIT (LOSS) 29.238 26.947 OTHER OPERATING INCOME 20 5.972 7.168 Interest Income on Banks 167 150 Foreign Exchange Gains 3.423 5.201 Other 2.382 1.817 SPECIFIC PROVISION FOR DOUBTFUL RECEIVABLES (-) 6.22-19.393-12.947 OTHER OPERATING EXPENSES (-) 23-3.486-3.831 Foreign Exchange Losses -2.879-3.752 Other -607-79 NET OPERATING PROFIT (LOSS) 12.331 17.337 AMOUNT IN EXCESS RECORDED AS GAIN AFTER MERGER 0 NET MONETARY POSITION GAIN (LOSS) 0 PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX 12.331 17.337 TAX PROVISION FOR CONTINUING OPERATIONS (+/-) 9 375-3.911 Current Tax Provision -102-3.007 Expense Effect of Deferred Tax 477-904 NET PERIOD PROFIT (LOSS) FROM CONTUNUING OPERATIONS 12.706 13.426 INCOME ON DISCONTINUED OPERATIONS 0 EXPENSES ON DISCONTINUED OPERATIONS (-) 0 PROFIT (LOSS) ON DISCONTINUED OPERATIONS BEFORE TAX 0 TAX PROVISION FOR DISCONTINUED OPERATIONS (+/-) 0 NET PERIOD PROFIT/LOSS FROM DISCONTINUED OPERATIONS 0 NET PROFIT (LOSS) 12.706 13.426 PROFIT (LOSS), ATTRIBUTABLE TO NON-CONROLLING INTERESTS PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT 12.706 13.426 Profit (loss) per share Profit (Loss) per Share EARNINGS (LOSS) PER SHARE DILUTED EARNINGS (LOSS) PER SHARE 0
Statement of Other Comprehensive Income 01.01.2016-31.12.2016 01.01.2015-31.12.2015 Statement of Other Comprehensive Income PROFIT (LOSS) 12.706 13.426 OTHER COMPREHENSIVE INCOME 7.357-255 Other Comprehensive Income that will not be Reclassified to Profit or Loss Gains (Losses) on Revaluation of Property, Plant and Equipment Gains (Losses) on Remeasurements of Defined Benefit Plans Taxes Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss 7.357-255 7.744-319 -387 64 Deferred Tax (Expense) Income 64 Items That Will Be Reclassified To Profit or Loss 0 Total comprehensive income 20.063 13.171
Statement of cash flows [abstract] 01.01.2016-31.12.2016 01.01.2015-31.12.2015 Statement of cash flows [abstract] CASH FLOWS FROM OPERATING ACTIVITIES Operating Profit (Loss) Before Changes in Operating Assets and Liabilities 16.119 21.136 Interest Received and Lease Income 136.317 110.131 Fees and Commissions Received 6.814 7.164 Other Gains 5.972 7.034 Collections from Previously Written Off Loans and Other Receivables 1.038 894 Cash Payments to Personnel and Service Suppliers -17.860-15.594 Taxes Paid -1.188-5.127 Other -114.974-83.366 Changes in Operating Assets and Liabilities -16.395 17.924 Net (Increase) Decrease in Factoring Receivables -109.496-103.593 Net (Increase) Decrease in Other Assets -14.639 943 Net Increase (Decrease) in Factoring Payables 129.399 36.330 Net Increase (Decrease) in Funds Borrowed -41.110 83.702 Net Increase (Decrease) Other Liabilities 19.451 542 Cash flows from (used in) operating activities -276 39.060 CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES Tangible And Intangible Asset Purchases -8.453-31.610 Sale of Tangible Intangible Assets 166 Other -275-33 Net Cash Flows from (used in) Investing Activities -8.562-31.643 CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES Cash Obtained from Loans and Securities Issued 13.489-1.680 Dividends paid -6.471-6.471 Net cash flows from (used in) financing activities 7.018-8.151 Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents Net Increase (Decrease) in Cash and Cash Equivalents -1.820-734 Cash and Cash Equivalents at Beginning of the Period 3 4.051 4.785 Cash and Cash Equivalents at End of the Period 3 2.231 4.051 0
Statement of Changes in Equity Issued capital [ member ] Capital Reserves Share premium [ member ] Share Cancellation Profit Other Capital Reserves Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss Tangible and Intangible Assets Accumulated Revaluation Increases / Decreases Accumulated Gains or Losses on Remeasurements of Defined Benefit Plans Other (Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will not be Reclassified to Profit or Loss and OtherAccumulated Amounts of Other Comprehensive Income that will not be Reclassified to Profit or Loss ) Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss Reserve of Exchange Differences on Translation Accumulated Gains and Losses on Remeasuring and/or Reclassification Adjustments on Available-for-Sale Financial Assets Other (Accumulated Gains or Losses on Cash Flow Hedges, Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will be Reclassified to Profit or Loss and Other Accumulated Amounts of Other Comprehensive Income that will be Reclassified to Profit or Loss) Profit Legal Reserves Reserves Statutory Extraordinary Reserves Reserves Other Profit Reserves Current Period Net Profit Or Loss Prior Years' Profits or Losses Net Profit Or Loss Non-controlling interests [ member] Equity [ member ] Statement of Changes in Equity Statement of Changes in Equity 01.01.2015-31.12.2015 Equity at beginning of period 28.000 5 4.719 4.719 14.807 400 14.407 47.531 Increase or Decrease Required by TAS 8 Effect Of Corrections Effect Of Changes In Accounting Policy Adjusted Beginning Balance 17 28.000 5 4.719 4.719 14.807 400 14.407 47.531 Total Comprehensive Income (Loss) -255-255 Cash Capital Increase Capital Increase Through Internal Reserves 2.000-2.000-2.000 Inflation Adjustments to Paid-in Capital Convertible Bonds Subordinated Debt Increase (decrease) through other changes, equity Profit (loss) for the Period 13.426 13.426 13.426 Profit Distributions 1.367 1.367-7.838-6.569 14.407-6.471 Dividends Paid 17-6.471-6.471-6.471 Transfers To Reserves 1.367 1.367-1.367-1.367 Other - 14.407 14.407 Equity at end of period 17 30.000-250 6.086 6.086 18.395 4.969 13.426 54.231 Statement of Changes in Equity Statement of Changes in Equity 01.01.2016-31.12.2016 Equity at beginning of period 30.000-250 6.086 6.086 18.395 4.969 13.426 54.231 Increase or Decrease Required by TAS 8 Effect Of Corrections Effect Of Changes In Accounting Policy Adjusted Beginning Balance 30.000-250 6.086 6.086 18.395 4.969 13.426 54.231 Total Comprehensive Income (Loss) 7.357 7.357 Cash Capital Increase Capital Increase Through Internal Reserves 10.000-10.000 Inflation Adjustments to Paid-in Capital Convertible Bonds Subordinated Debt Increase (decrease) through other changes, equity 7.357 Profit (loss) for the Period 12.706 12.706 12.706 - Profit Distributions 1.168 1.168-7.639 5.787 13.426 Dividends Paid 17-6.471-6.471-6.471 Transfers To Reserves 1.168 1.168-1.168-1.168 - Other 13.426 13.426 Equity at end of period 17 40.000 7.107 7.254 7.254 13.462 756 12.706 67.823-10.000-6.471