KAMUYU AYDINLATMA PLATFORMU ANALİZ FAKTORİNG A.Ş. Financial Institutions Financial Report 2017 2. 3 Monthly Notification General Information About Financial Statements
Independet Audit Comment Independent Audit Company Audit Type Audit Result ELİT BAĞIMSIZ DENETİM VE YEMİNLİ MALİ MÜŞAVİRLİK A.Ş. Continuous Positive Analiz Faktoring Anonim Şirketi Yönetim Kurulu'na; Giriş Analiz Faktoring Anonim Şirketi'nin ("Şirket") 30 Haziran 2017 tarihli finansal durum tablosu ile aynı tarihte sona eren ara hesap dönemine ait kâr veya zarar tablosu, diğer kapsamlı gelir tablosu, özkaynak değişim tablosu ve nakit akış tablosu ile önemli muhasebe politikalarını özetleyen dipnotlar ve diğer açıklayıcı notlardan oluşan ilişikteki finansal tabloları denetlemiş bulunuyoruz. Şirket Yönetim Kurulu'nun Sorumluluğuna İlişkin Açıklama 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 Standartlarının 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, Analiz Faktoring Anonim Şirketi'nin 30 Haziran 2017 tarihi itibarıyla finansal durumunu ve aynı tarihte sona eren ara hesap dönemine ait finansal performansını ve nakit akışlarını; BDDK tarafından muhasebe ve finansal raporlama esaslarına ilişkin olarak yayımlanan yönetmelik, tebliğ, açıklama ve genelgelere (Not 2) uygun bir biçimde yansıtmaktadır. Mevzuattan kaynaklanan Diğer Yükümlülüklere ilişkin Rapor 1) TTK'nın 402 nci maddesinin dördüncü fıkrası uyarınca; Şirket'in 1 Ocak 30 Haziran 2017 ara hesap döneminde defter tutma düzeninin, TTK ile Şirket esas sözleşmesinin finansal raporlamaya ilişkin hükümlerine uygun olmadığına dair önemli bir hususa rastlanmamıştır. 2) TTK'nın 402 nci maddesinin dördüncü fıkrası uyarınca; Yönetim Kurulu tarafımıza denetim kapsamında istenen açıklamaları yapmış ve talep edilen belgeleri vermiştir. Elit Bağımsız Denetim ve Yeminli Mali Müşavirlik A.Ş. A Member of CPA Associates International Akif Akarca, YMM Sorumlu Denetçi 25 Temmuz 2017 İstanbul, Türkiye
Statement of Financial Position (Balance Sheet) Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 30.06.2017 Previous Period 31.12.2016 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) 4 38.754 38.754 23.613 23.613 5 0 0 0 0 Financial Assets Held For Trading 0 Financial Assets Designated at Fair Value Through Profit or Loss Derivatives Classified As Financial Assets Held For Trading BANKS 6 1.163.503 1.163.503 782.200 782.200 RECEIVABLES FROM REVERSE REPOR TRANSACTIONS 7 0 0 0 AVAILABLE FOR SALE FINANCIAL ASSETS (Net) 8 0 0 0 FACTORING RECEIVABLES 9 229.204.205 229.204.205 186.764.069 186.764.069 Discounted Factoring Receivables 170.283.610 170.283.610 132.921.323 132.921.323 Domestic 179.780.651 179.780.651 141.898.951 141.898.951 Foreign 0 0 Unearned Income () 9.497.041 9.497.041 8.977.628 8.977.628 Other Factoring Receivables 58.920.595 58.920.595 53.842.746 53.842.746 Domestic 58.920.595 58.920.595 53.842.746 53.842.746 Foreign 0 FINANCIAL LOANS 10 0 0 Consumer loans 0 Credit Cards 0 Installment Commercial Loans 0 LEASING TRANSACTIONS 11 0 0 Receivables From Leasing Transactions 0 0 Finance lease receivables 0 Operating Lease Receivables 0 Unearned Income () 0 Leased Construction in Progress 0 Advances Given for Lease Transactions 0 OTHER RECEIVABLES 12 0 NONPERFORMING RECEIVABLES 13 237.605 237.605 987.883 987.883 NonPerforming Factoring Receivables 5.116.219 5.116.219 5.838.745 5.838.745 NonPerforming Financial Loans 0 0 NonPerforming Leasing Receivables 0 0 0 0
Specific Provisions () 4.878.614 4.878.614 4.850.862 4.850.862 DERIVATIVE FINANCIAL ASSETS HELD FOR CASH FLOW HEDGES 14 0 0 Fair Value Hedges 0 Cash Flow Hedges 0 Hedge of Net Investments In A Foreign Operation 0 HELD TO MATURITY INVESTMENTS (Net) 15 0 INVESTMENTS IN SUBSIDIARIES (Net) 16 0 INVESTMENTS IN ASSOCIATES (Net) 17 0 JOINT VENTURES (Net) 18 0 TANGIBLE ASSETS (Net) 19 889.202 889.202 1.025.650 1.025.650 INTANGIBLE ASSETS AND GOODWILL (Net) 20 34.693 34.693 46.292 46.292 Goodwill 0 Other 34.693 34.693 46.292 46.292 PREPAYMENTS 21 3.367.721 3.367.721 2.630.977 2.630.977 CURRENT TAX ASSETS 22 359.372 359.372 1.311.588 1.311.588 DEFERRED TAX ASSET 22 1.903.522 1.903.522 1.787.827 1.787.827 OTHER ASSETS 23 1.709.375 1.709.375 1.549.552 1.549.552 SUBTOTAL 238.907.952 238.907.952 196.909.651 196.909.651 ASSETS CLASSIFIED AS HELD FOR SALE AND DISCONTINUED OPERATIONS (NET) 24 0 TOTAL ASSETS 238.907.952 238.907.952 196.909.651 196.909.651 LIABILITY AND EQUITY ITEMS DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING 25 0 0 LOANS RECEIVED 26 110.712.304 110.712.304 95.679.571 95.679.571 FACTORING PAYABLES 27 267.819 267.819 467.392 467.392 LEASE PAYABLES 28 0 0 Finance Lease Payables 0 Operating Lease Payables 0 Other 0 Deferred Finance Lease Expenses () 0 MARKETABLE SECURITIES (Net) 29 87.966.953 87.966.953 64.020.900 64.020.900 Bills 55.000.000 55.000.000 34.500.000 34.500.000 Assetbacked Securities 0 Bonds 32.966.953 32.966.953 29.520.900 29.520.900 OTHER PAYABLES 30 290.930 290.930 237.496 237.496 OTHER LIABILITIES 31 0 DERIVATIVE FINANCIAL LIABILITIES HELD FOR CASH FLOW HEDGES 32 0 0 Fair Value Hedges 0 Cash Flow Hedges 0 Hedges of Net Investments In Foreign Operation 0 TAXES PAYABLE 33 488.974 488.974 481.694 481.694 PROVISIONS FOR LIABILITIES AND EXPENSES 34 206.554 206.554 159.173 159.173 Provision for Restructuring 0 0 Reserves For Employee Benefits 206.554 206.554 159.173 159.173 Other provisions 0 0 DEFERRED INCOME 35 0 0 CURRENT TAX LIABILITIES 22 1.100.203 1.100.203 2.012.526 2.012.526 DEFERRED TAX LIABILITY 22 0 SUBORDINATED DEBT 36 0
SUBTOTAL 201.033.737 201.033.737 163.058.752 163.058.752 LIABILITIES RELATED TO ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net) 37 0 0 Held For Sale 0 Related to Discontinued Operations 0 EQUITY 38 37.874.215 37.874.215 33.850.899 33.850.899 Issued capital 22.000.000 22.000.000 22.000.000 22.000.000 Capital Reserves 0 0 0 0 Equity Share Premiums 0 0 Share Cancellation Profits 0 0 Other Capital Reserves 0 0 Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss 38.716 38.716 30.141 30.141 Profit Reserves 966.761 966.761 372.045 372.045 Legal Reserves 966.761 966.761 372.045 372.045 Statutory Reserves 0 Extraordinary Reserves 0 Other Profit Reserves 0 Profit or Loss 14.946.170 14.946.170 11.508.995 11.508.995 Prior Years' Profits or Losses 10.914.279 10.914.279 3.608.839 3.608.839 Current Period Net Profit Or Loss 4.031.891 4.031.891 7.900.156 7.900.156 TOTAL EQUITY AND LIABILITIES 238.907.952 238.907.952 196.909.651 196.909.651 0
STATEMENT OF OFFBALANCE SHEET ITEMS Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 30.06.2017 Previous Period 31.12.2016 TL FC Total TL FC Total OFFBALANCE SHEET ITEMS OFFBALANCE SHEET ITEMS IRREVOCABLE FACTORING TRANSACTIONS 770.528 770.528 628.928 628.928 REVOCABLE FACTORING TRANSACTIONS 28.094.397 28.094.397 24.201.630 24.201.630 COLLATERALS RECEIVED 39 372.918.124 372.918.124 382.824.657 382.824.657 COLLATERALS GIVEN 39 1.685.313 1.685.313 1.723.159 1.723.159 COMMITMENTS 39 0 0 0 0 Irrevocable Commitments 0 0 0 0 Revocable Commitments 0 0 0 0 Lease Commitments 0 0 0 0 Finance Lease Commitments 0 0 0 0 Operational Lease Commitments 0 0 0 0 Other Revocable Commitments 0 0 0 0 DERIVATIVE FINANCIAL INSTRUMENTS 0 0 0 0 Derivative Financial Instruments Held For Hedging 0 0 0 0 Fair Value Hedges 0 0 0 0 Cash Flow Hedges 0 0 0 0 Hedges of Net Investment in Foreign Operations 0 0 0 0 Derivative Financial Instruments Held For Trading 0 0 0 0 Forward Buy or Sell Transactions 0 0 0 0 Swap Purchases or Sales 0 0 0 0 Option Purchases or Sales 0 0 0 0 Futures Purchases or Sales 0 0 0 0 Other 0 0 0 0 ITEMS HELD IN CUSTODY 39 189.968.202 5.123.440 195.091.642 152.410.896 3.377.465 155.788.361 TOTAL OFFBALANCE SHEET ITEMS 593.436.564 5.123.440 598.560.004 561.789.270 3.377.465 565.166.735
Profit or loss [abstract] Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 01.01.2017 30.06.2017 Previous Period 01.01.2016 30.06.2016 Current Period 3 Months 01.04.2017 30.06.2017 Previous Period 3 Months 01.04.2016 30.06.2016 Profit or loss [abstract] OPERATING INCOME 40 21.797.430 22.167.663 FACTORING INCOME 21.797.430 22.167.663 Factoring Interest Income 19.909.784 20.218.313 Discounted 14.767.701 15.420.462 Other 5.142.083 4.797.851 Factoring Fee and Commission Income 1.887.646 1.949.350 Discounted 1.879.007 1.924.447 Other 8.639 24.903 INCOME FROM FINANCING LOANS 41 0 0 Interest Income From Financing Loans 0 0 Fee and Commission Income From Financing Loans 0 0 LEASE INCOME 42 0 0 Finance Lease Income 0 0 Operational Lease Income 0 0 Fee and Commission Income From Lease Operations 0 0 FINANCE COST () 43 12.543.910 11.925.551 Interest Expenses on Funds Borrowed 4.564.776 5.654.127 Interest Expenses On Factoring Payables 2.728.740 2.269.911 Financial Lease Expenses 0 0 Interest Expenses on Securities Issued 4.934.506 3.870.520 Other Interest Expense 0 0 Fees and Commissions Paid 315.888 130.993 GROSS PROFIT (LOSS) 9.253.520 10.242.112 OPERATING EXPENSES () 44 4.715.318 4.282.964 Personnel Expenses 2.501.868 2.154.727 Provision Expense for Employment Termination Benefits 36.663 24.524 Research and development expense 0 0 General Operating Expenses 1.955.896 1.948.533 Other 220.891 155.180 GROSS OPERATING PROFIT (LOSS) 4.538.202 5.959.148 OTHER OPERATING INCOME 45 899.896 606.618 Interest Income on Banks 136.578 169.416 Other 763.318 437.202 SPECIFIC PROVISION FOR DOUBTFUL RECEIVABLES () 46 272.538 325.294 OTHER OPERATING EXPENSES () 47 147.019 181.309 Other 147.019 181.309 NET OPERATING PROFIT (LOSS) 5.018.541 6.059.163 AMOUNT IN EXCESS RECORDED AS GAIN AFTER MERGER 0 0 NET MONETARY POSITION GAIN (LOSS) 0 0 PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX 5.018.541 6.059.163 TAX PROVISION FOR CONTINUING OPERATIONS (+/) 986.650 1.213.837 Current Tax Provision 22 1.100.202 1.240.956 Expense Effect of Deferred Tax 22 0 0 Income Effect of Deferred Tax 22 113.552 27.119 NET PERIOD PROFIT (LOSS) FROM CONTUNUING OPERATIONS 4.031.891 4.845.326 INCOME ON DISCONTINUED OPERATIONS 0 0 Income on Assets Held for Sale 0 0 Subsidiaries, Associates and Joint Ventures Sales Gains 0 0 Other Income on Discontinued Operations 0 0 EXPENSES ON DISCONTINUED OPERATIONS () 0 0 Expense on Assets Held for Sale 0 0 Subsidiaries, Associates and Joint Ventures Sales Losses 0 0 Other Expenses on Discontinued Operations 0 0 PROFIT (LOSS) ON DISCONTINUED OPERATIONS BEFORE TAX 0 0 TAX PROVISION FOR DISCONTINUED OPERATIONS (+/) 0 0 Current Tax Provision 0 0 Expense Effect of Deferred Tax 0 0 NET PERIOD PROFIT/LOSS FROM DISCONTINUED OPERATIONS 0 0 NET PROFIT (LOSS) 4.031.891 4.845.326 PROFIT (LOSS), ATTRIBUTABLE TO NONCONROLLING INTERESTS 0 0
PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT 4.031.891 4.845.326 Profit (loss) per share Profit (Loss) per Share EARNINGS (LOSS) PER SHARE DILUTED EARNINGS (LOSS) PER SHARE
Statement of Other Comprehensive Income Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 01.01.2017 30.06.2017 Previous Period 01.01.2016 30.06.2016 Current Period 3 Months 01.04.2017 30.06.2017 Previous Period 3 Months 01.04.2016 30.06.2016 Statement of Other Comprehensive Income PROFIT (LOSS) 4.031.891 4.845.326 OTHER COMPREHENSIVE INCOME 8.575 7.222 Other Comprehensive Income that will not be Reclassified to Profit or Loss 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 8.575 7.222 34 10.718 9.028 2.143 1.806 Current Period Tax (Expense) Income 22 2.143 1.806 Items That Will Be Reclassified To Profit or Loss 0 0 Exchange Differences on Translation 0 0 Income (Losses) on Remeasuring or Reclassification Adjustments on AvailableforSale Financial Assets 0 0 Income (Losses) from Cash Flow Hedges 0 0 Income (Losses) on Hedges of Net Investments in Foreign Operations Other Components of Other Comprehensive Income that will be Reclassified to Other Profit or Loss 0 0 0 0 Total comprehensive income 4.023.316 4.838.104
Statement of cash flows [abstract] Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 01.01.2017 30.06.2017 Previous Period 01.01.2016 30.06.2016 Statement of cash flows [abstract] CASH FLOWS FROM OPERATING ACTIVITIES Operating Profit (Loss) Before Changes in Operating Assets and Liabilities 4.184.089 5.301.924 Interest Received and Lease Income 40 19.909.784 20.218.313 Fees and Commissions Received 1.887.646 1.949.350 Cash Payments to Personnel and Service Suppliers 44 2.501.868 2.154.726 Taxes Paid 1.060.310 1.159.437 Other 14.051.163 13.551.576 Changes in Operating Assets and Liabilities 42.753.037 44.964.996 Net (Increase) Decrease in Factoring Receivables 41.717.611 43.330.175 Net (Increase) Decrease in Other Assets 896.567 1.782.396 Net Increase (Decrease) in Factoring Payables 199.573 231.757 Net Increase (Decrease) Other Liabilities 60.714 84.182 Cash flows from (used in) operating activities 38.568.948 39.663.072 CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES Tangible And Intangible Asset Purchases 13.394 393.253 Net Cash Flows from (used in) Investing Activities 13.394 393.253 CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES Cash Obtained from Loans and Securities Issued 29 23.946.053 4.078.631 Cash Outflow Arised From Loans and Securities Issued 15.032.733 34.074.475 Net cash flows from (used in) financing activities 38.978.786 38.153.106 Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents 0 0 Net Increase (Decrease) in Cash and Cash Equivalents 396.444 1.903.219 Cash and Cash Equivalents at Beginning of the Period 805.813 4.657.880 Cash and Cash Equivalents at End of the Period 1.202.257 2.754.661
Statement of Changes in Equity Presentation Currency Nature of Financial Statements TL Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss Footnote Reference Issued capital [ member] Capital Reserves Share premium [ member ] Share Cancellation Profit Other Capital Reserves 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) Reserve of Exchange Differences on Translation Accumulated Gains and Losses on Remeasuring and/ or Reclassification Adjustments on AvailableforSale 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 Noncontrolling interests [ member] Equity [ member] Statement of Changes in Equity Statement of Changes in Equity Previous Period 01.01.2016 30.06.2016 Equity at beginning of period 22.000.000 Increase or Decrease Required by TAS 8 Effect Of Corrections Effect Of Changes In Accounting Policy Adjusted Beginning Balance 38 22.000.000 21.541 21.541 372.045 372.045 3.608.838 499.431 4.108.269 25.959.342 372.045 372.045 3.608.838 499.431 4.108.269 25.959.342 Total Comprehensive Income (Loss) 7.222 7.222 Cash Capital Increase Capital Increase Through Internal Reserves Inflation Adjustments to Paidin Capital Convertible Bonds Subordinated Debt Increase (decrease) through other changes, equity Profit (loss) for the Period 4.845.326 4.845.326 4.845.326 Profit Distributions 4.108.269 4.108.269 Dividends Paid Transfers To Reserves 4.108.269 4.108.269 Other Equity at end of period 38 22.000.000 28.763 372.045 372.045 8.454.164 3.609.839 4.845.326 30.797.446 Statement of Changes in Equity Statement of Changes in Equity Current Period 01.01.2017 30.06.2017 Equity at beginning of period 22.000.000 Increase or Decrease Required by TAS 8 Effect Of Corrections Effect Of Changes In Accounting Policy Adjusted Beginning Balance 38 22.000.000 30.141 30.141 372.045 372.045 11.508.995 3.608.839 7.900.156 33.850.899 372.045 372.045 11.508.995 3.608.839 7.900.156 33.850.899 Total Comprehensive Income (Loss) 8.575 8.575 Cash Capital Increase Capital Increase Through Internal Reserves Inflation Adjustments to Paidin Capital Convertible Bonds Subordinated Debt Increase (decrease) through other changes, equity Profit (loss) for the Period 4.031.891 4.031.891 4.031.891 Profit Distributions 594.716 594.716 594.716 7.305.440 7.900.156 Dividends Paid Transfers To Reserves 594.716 594.716 594.716 7.305.440 7.900.156 Other Equity at end of period 38 22.000.000 38.716 966.761 966.761 14.946.170 10.914.279 4.031.891 37.874.215