KAMUYU AYDINLATMA PLATFORMU YAPI KREDİ PORTFÖY YÖNETİMİ A.Ş. Financial Report 2017 2. 3 Monthly Notification General Information About Financial Statements
Independet Audit Comment Independent Audit Company Audit Type Audit Result PwC BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş Limited Positive ARA DÖNEM FİNANSAL BİLGİLERE İLİŞKİN SINIRLI DENETİM RAPORU Yapı Kredi Portföy Yönetimi A.Ş. Yönetim Kurulu'na Giriş Yapı Kredi Portföy Yönetimi A.Ş.'nin ("Şirket") 30 Haziran 2017 tarihli ilişikteki finansal durum tablosunun ve aynı tarihte sona eren altı aylık döneme ait kar veya zarar ve diğer kapsamlı gelir tablosunun, özkaynak değişim tablosunun ve nakit akış tablosu ile önemli muhasebe politikalarının özetinin ve diğer açıklayıcı dipnotlarının sınırlı denetimini yürütmüş bulunuyoruz. Şirket yönetimi, söz konusu ara dönem finansal bilgilerin Türkiye Muhasebe Standardı 34, "Ara Dönem Finansal Raporlama"ya ("TMS 34") uygun olarak hazırlanmasından ve gerçeğe uygun bir biçimde sunumundan sorumludur. Sorumluluğumuz, yaptığımız sınırlı denetime dayanarak söz konusu ara dönem finansal bilgilere ilişkin bir sonuç bildirmektir. Sınırlı Denetimin Kapsamı Yaptığımız sınırlı denetim, Sınırlı Bağımsız Denetim Standardı 2410, "Ara Dönem Finansal Bilgilerin, İşletmenin Yıllık Finansal Tablolarının Bağımsız Denetimini Yürüten Denetçi Tarafından Sınırlı Bağımsız Denetimi"ne uygun olarak yürütülmüştür. Ara dönem finansal bilgilere ilişkin sınırlı denetim, başta finans ve muhasebe konularından sorumlu kişiler olmak üzere ilgili kişilerin sorgulanması ve analitik prosedürler ile diğer sınırlı denetim prosedürlerinin uygulanmasından oluşur. Ara dönem finansal bilgilerin sınırlı denetiminin kapsamı; Bağımsız Denetim Standartlarına uygun olarak yapılan ve amacı finansal tablolar hakkında bir görüş bildirmek olan bağımsız denetimin kapsamına kıyasla önemli ölçüde dardır. Sonuç olarak ara dönem finansal bilgilerin sınırlı denetimi, denetim şirketinin, bir bağımsız denetimde belirlenebilecek tüm önemli hususlara vakıf olabileceğine ilişkin bir güvence sağlamamaktadır. Bu sebeple, bir bağımsız denetim görüşü bildirmemekteyiz. Sonuç Sınırlı denetimimize göre, ilişikteki ara dönem finansal bilgilerin, Yapı Kredi Portföy Yönetimi A.Ş. 'nin 30 Haziran 2017 tarihi itibarıyla finansal durumunun ve aynı tarihte sona eren altı aylık döneme ilişkin finansal performansının ve nakit akışlarının TMS 34'e uygun olarak, doğru ve gerçeğe uygun bir görünümünü sağlamadığı kanaatine varmamıza sebep olacak herhangi bir husus dikkatimizi çekmemiştir. Diğer Husus Yapı Kredi Portföy Yönetimi A.Ş.'nin 31 Aralık 2016 tarihinde sona eren yıla ait finansal tablolarının denetimi ve 30 Haziran 2016 tarihinde sona eren altı aylık ara hesap dönemine ait finansal bilgilerinin sınırlı denetimi başka bir bağımsız denetim firması tarafından yapılmış; söz konusu bağımsız denetim firması tarafından hazırlanan 26 Ocak 2017 tarihli bağımsız denetim raporunda olumlu görüş verilmiş ve 22 Temmuz 2016 tarihli sınırlı denetim raporunda ise TMS 34'e uygun hazırlanmadığı konusunda herhangi bir hususa rastlanmadığı ifade edilmiştir. PwC Bağımsız Denetim ve
Serbest Muhasebeci Mali Müşavirlik A.Ş. Didem Demer Kaya, SMMM Sorumlu Denetçi İstanbul, 26 Temmuz 2017
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 Statement of Financial Position (Balance Sheet) Assets [abstract] CURRENT ASSETS Cash and cash equivalents 6 41.109.332 51.601.795 Trade Receivables 7 7.688.257 11.102.981 Trade Receivables Due From Related Parties 19 6.336.439 11.085.928 Trade Receivables Due From Unrelated Parties 1.351.818 17.053 Prepayments 12 445.626 264.070 Prepayments to Related Parties 19 153.777 91.932 Prepayments to Unrelated Parties 291.849 172.138 SUBTOTAL 49.243.215 62.968.846 Total current assets 49.243.215 62.968.846 NONCURRENT ASSETS Property, plant and equipment 8 531.032 619.153 Fixtures and fittings 8 471.556 534.706 Leasehold Improvements 8 59.476 84.447 Intangible assets and goodwill 9 428.933 531.195 Computer Softwares 9 428.933 531.195 Deferred Tax Asset 18 364.946 205.902 Total noncurrent assets 1.324.911 1.356.250 Total assets 50.568.126 64.325.096 LIABILITIES AND EQUITY CURRENT LIABILITIES Trade Payables 7 2.741.370 1.855.763 Trade Payables to Related Parties 7,19 1.156.753 601.574 Trade Payables to Unrelated Parties 1.584.617 1.254.189 Current tax liabilities, current 18 1.828.062 2.503.661 Current provisions 2.689.544 4.677.960 Current provisions for employee benefits 10 2.569.544 4.557.960 current provisions 11 120.000 120.000 Current Liabilities 12 461.897 463.772 Current Liabilities to Unrelated Parties 12 461.897 463.772 SUBTOTAL 7.720.873 9.501.156 Total current liabilities 7.720.873 9.501.156 NONCURRENT LIABILITIES Noncurrent provisions 10 826.312 837.482 Noncurrent provisions for employee benefits 10 826.312 837.482 Total noncurrent liabilities 826.312 837.482 Total liabilities 8.547.185 10.338.638 EQUITY Equity attributable to owners of parent 42.020.941 53.986.458 Issued capital 13 2.349.443 2.349.443 Inflation Adjustments on 13 2.208.186 2.208.186 Accumulated Comprehensive Income (Loss) that will not be Reclassified in Profit or Loss 13 19.781 28.432 Gains (Losses) on Revaluation and Remeasurement 19.781 28.432 Gains (Losses) on Remeasurements of Defined Benefit Plans 13 19.781 28.432 Restricted Reserves Appropriated From Profits 13 21.965.516 19.308.993 Legal Reserves 13 21.965.516 19.308.993 Prior Years' Profits or Losses 13 491.745 Current Period Net Profit Or Loss 15.025.832 30.148.268 Total equity 42.020.941 53.986.458 Total Liabilities and Equity 50.568.126 64.325.096
Statement of Profit or Loss and 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 Profit or Loss and Comprehensive Income PROFIT (LOSS) Revenue 14 33.225.989 28.289.779 18.035.330 14.642.028 Cost of sales 14 3.723.603 3.250.402 1.947.240 1.732.959 GROSS PROFIT (LOSS) FROM COMMERCIAL OPERATIONS 29.502.386 25.039.377 16.088.090 12.909.069 GROSS PROFIT (LOSS) 29.502.386 25.039.377 16.088.090 12.909.069 General Administrative Expenses 15 13.601.135 12.335.100 6.795.835 5.867.191 Marketing Expenses 15 269.299 258.866 127.907 124.826 PROFIT (LOSS) FROM OPERATING ACTIVITIES 15.631.952 12.445.411 9.164.348 6.917.052 PROFIT (LOSS) BEFORE FINANCING INCOME (EXPENSE) 15.631.952 12.445.411 9.164.348 6.917.052 Finance income 16 3.077.146 2.880.919 1.356.494 1.061.662 Finance costs 17 325 488 324 194 PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX 18.708.773 15.325.842 10.520.518 7.978.520 Tax (Expense) Income, Continuing Operations 3.682.941 3.117.421 1.983.780 1.613.028 Current Period Tax (Expense) Income 18 3.844.148 3.300.559 2.007.135 1.657.561 Deferred Tax (Expense) Income 18 161.207 183.138 23.355 44.533 PROFIT (LOSS) FROM CONTINUING OPERATIONS 15.025.832 12.208.421 8.536.738 6.365.492 PROFIT (LOSS) 15.025.832 12.208.421 8.536.738 6.365.492 Profit (loss), attributable to [abstract] Noncontrolling Interests 0 0 0 0 Owners of Parent 15.025.832 12.208.421 8.536.738 6.365.492 Earnings per share [abstract] Earnings per share [line items] Basic earnings per share Diluted Earnings Per Share OTHER COMPREHENSIVE INCOME Comprehensive Income that will not be Reclassified to Profit or Loss Components of Comprehensive Income That Will Not Be Reclassified to Profit Or Loss Taxes Relating To Components Of Comprehensive Income That Will Not Be Reclassified To Profit Or Loss 8.651 18.849 8.651 18.849 10.814 23.561 10.814 23.561 2.163 4.712 2.163 4.712 Deferred Tax (Expense) Income 2.163 4.712 2.163 4.712 Comprehensive Income That Will Be Reclassified to Profit or Loss 0 0 0 0 OTHER COMPREHENSIVE INCOME (LOSS) 8.651 18.849 8.651 18.849 TOTAL COMPREHENSIVE INCOME (LOSS) 15.034.483 12.189.572 8.545.389 6.346.643 Total Comprehensive Income Attributable to Noncontrolling Interests 0 0 0 0 Owners of Parent 15.034.483 12.189.572 8.545.389 6.346.643
Statement of cash flows (Indirect Method) 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 (Indirect Method) CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES 13.489.349 9.697.866 Profit (Loss) 15.025.832 12.208.421 Profit (Loss) from Continuing Operations 15.025.832 12.208.421 Adjustments to Reconcile Profit (Loss) 3.620.984 2.969.613 Adjustments for depreciation and amortisation expense 8,9 231.985 254.796 Adjustments for provisions 2.762.589 2.446.278 Adjustments for (Reversal of) Provisions Related with Employee Benefits 2.762.589 2.446.278 Adjustments for Interest (Income) Expenses 3.056.531 2.848.882 Adjustments for Interest Income 3.056.531 2.848.882 Adjustments for Tax (Income) Expenses 3.682.941 3.117.421 Changes in Working 4.116.900 1.542.057 Adjustments for decrease (increase) in trade accounts receivable Decrease (Increase) in Trade Accounts Receivables from Related Parties Decrease (Increase) in Trade Accounts Receivables from Unrelated Parties 3.414.724 1.707.968 4.749.489 1.334.765 1.707.968 Decrease (Increase) in Prepaid Expenses 181.556 82.941 Adjustments for increase (decrease) in trade accounts payable 885.607 965.955 Increase (Decrease) in Trade Accounts Payables to Related Parties Increase (Decrease) in Trade Accounts Payables to Unrelated Parties Adjustments for Increase (Decrease) in Working 555.179 330.428 965.955 1.875 4.298.921 Increase (Decrease) in Payables Related with Operations 1.875 4.298.921 Cash Flows from (used in) Operations 22.763.716 13.635.977 Payments Related with Provisions for Employee Benefits 4.751.361 0 Income taxes refund (paid) 4.523.006 3.938.111 CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES 3.129.858 2.795.984 Purchase of Property, Plant, Equipment and Intangible Assets 8,9 41.602 52.898 Purchase of property, plant and equipment 41.602 52.898 Interest received 3.171.460 2.848.882 CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 27.000.000 26.000.000 Dividends Paid 13 27.000.000 26.000.000 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES 10.380.793 13.506.150 Net increase (decrease) in cash and cash equivalents 10.380.793 13.506.150 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 6 51.286.181 48.704.026 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 6 40.905.388 35.197.876
Statement of changes in equity [abstract] Presentation Currency Nature of Financial Statements TL Equity Equity attributable to owners of parent [member] Footnote Reference Issued Inflation Adjustments on Balancing Account for Merger Additional Contribution Advance of Shareholders Treasury Shares Adjustments due to CrossOwnership Share premiums or discounts Effects of Combinations of Entities or Businesses Under Common Control Put Option Revaluation Fund Related with Noncontrolling Interests Share Based Payments Accumulated Gains (Losses) from Investments in Equity Instruments Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss Gains/Losses on Revaluation and Remeasurement [member] Increases ( Decreases) on Revaluation of Property, Plant and Equipment Increases ( Decreases) on Revaluation of Intangible Assets Gains (Losses) on Remeasurements of Defined Benefit Plans Revaluation Increases ( Decreases) Gains (Losses) Due to Change in Fair Value of Financial Liability Attributable to Change in Credit Risk of Liability Gains (Losses) on Hedging Instruments that Hedge Investments in Equity Instruments Share Of Comprehensive İncome Of Associates And Joint Ventures Accounted for Using Equity Method that will not be Reclassified to Profit or Loss Exchange Differences on Translation Reserves Of Gains ( Losses) Exchange Differences on Translation Reserve Of Gains or Losses on Hedge Cash Flow Hedges Gains or Losses on Hedges of Net Investment in Foreign Operations Gains or Losses on Hedge Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss Gains (Losses) on Revaluation and Reclassification Gains (Losses) on Remeasuring and/or Reclassification of Availableforsale Financial Assets Gains (Losses) from Financial Assets Measured at Fair Value through Comprehensive Income Reserve of Remeasuring or Reclassification Adjustments Change in Value of Time Value of Options Change in Value of Forward Elements of Forward Contracts Change in Value of Foreign Currency Basis Spreads Share of Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will be Reclassified to Profit or Loss Gains ( Losses ) Restricted Reserves Appropriated From Profits [member] equity interest [ member ] reserves [ member ] Advance Dividend Payments (Net) Retained Earnings Prior Years' Profits or Losses Net Profit or Loss Noncontrolling interests [ member] Statement of changes in equity [abstract] Statement of changes in equity [line items] Equity at beginning of period 2.349.443 2.208.186 0 17.462.705 27.846.288 49.866.622 49.866.622 Adjustments Related to Accounting Policy Changes Adjustments Related to Required Changes in Accounting Policies Adjustments Related to Voluntary Changes in Accounting Policies Adjustments Related to Errors Restatements Restated Balances Transfers 13 2.939.462 24.906.826 27.846.288 Total Comprehensive Income (Loss) 18.849 12.208.421 12.189.572 12.189.572 Profit (loss) 12.208.421 12.208.421 12.208.421 Comprehensive Income (Loss) 18.849 18.849 18.849 Issue of equity Decrease Advance Effect of Merger or Liquidation or Division Effects of Business Combinations Under Common Control Advance Dividend Payments Previous Period 01.01.2016 30.06.2016 Dividends Paid 13 1.093.174 Decrease through Distributions to Owners 24.906.826 26.000.000 26.000.000 Increase (Decrease) through Treasury Share Transactions Increase (Decrease) through ShareBased Payment Transactions Acquisition or Disposal of a Subsidiary Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity Transactions with noncontrolling shareholders Increase through Contributions by Owners Amount Removed from Reserve of Cash Flow Hedges and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Time Value of Options and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Forward Elements of Forward Contracts and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Foreign Currency Basis Spreads and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which fair Value Hedge Increase (decrease) through other changes, equity Equity at end of period 18.849 19.308.993 0 12.208.421 36.056.194 36.056.194 Statement of changes in equity [abstract] Statement of changes in equity [line items] Equity at beginning of period 2.349.443 2.208.186 28.432 19.308.993 30.148.268 53.986.458 53.986.458 Adjustments Related to Accounting Policy Changes Adjustments Related to Required Changes in Accounting Policies Adjustments Related to Voluntary Changes in Accounting Policies Adjustments Related to Errors Restatements Restated Balances Transfers 13 2.656.523 27.491.745 30.148.268 Total Comprehensive Income (Loss) 8.651 15.025.832 15.034.483 15.034.483 Profit (loss) 15.025.832 15.025.832 15.025.832 Comprehensive Income (Loss) 8.651 8.651 8.651 Issue of equity Decrease Advance Effect of Merger or Liquidation or Division Effects of Business Combinations Under Common Control Advance Dividend Payments
Current Period 01.01.2017 30.06.2017 Dividends Paid 13 Decrease through Distributions to Owners 27.000.000 27.000.000 27.000.000 Increase (Decrease) through Treasury Share Transactions Increase (Decrease) through ShareBased Payment Transactions Acquisition or Disposal of a Subsidiary Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity Transactions with noncontrolling shareholders Increase through Contributions by Owners Amount Removed from Reserve of Cash Flow Hedges and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Time Value of Options and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Forward Elements of Forward Contracts and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Foreign Currency Basis Spreads and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which fair Value Hedge Increase (decrease) through other changes, equity Equity at end of period 2.349.443 2.208.186 19.781 21.965.516 491.745 15.025.832 42.020.941 42.020.941