ORFİN FİNANSMAN A.Ş.

Financial Report

Publish Date:20.02.2019 18:13:07
Disclosure Type:FR
Year:2018
Period:4
Presentation Currency TL
Nature of Financial Statements Unconsolidated
Current Period
31.12.2018
Previous Period
31.12.2017
TC
FC
Total
TC
FC
Total
Statement of Financial Position (Balance Sheet)
ASSET ITEMS
FINANCIAL ASSETS (Net)
I-1
275.171.231
44.264.300
319.435.531
Cash and cash equivalents
275.171.231
44.264.300
319.435.531
Financial assets at fair value through profit or loss
Financial Assets at Fair Value Through Other Comprehensive Income
Financial Assets Measured at Amortised Cost
Derivative financial assets
I-2
0
0
Non-performing Financial Assets
Specific Provisions / Allowance for Expectected Losses(-)
LOANS (Net)
2.857.870.241
2.857.870.241
Factoring Receivables
Discounted Factoring Receivables (Net)
Other Factoring Receivables
Financial Loans
I-5
2.822.239.033
2.822.239.033
Consumer loans
1.146.555.968
1.146.555.968
Credit Cards
Installment Commercial Loans
1.675.683.065
1.675.683.065
Leasing Transactions
Receivables From Leasing Transactions (Net)
Finance lease receivables
Operating Lease Receivables
Unearned Income (-)
Leased Construction in Progress
Advances Given for Lease Transactions
Other Receivables From Leasing Transactions
Non Performing Receivables (Net)
I-6
35.631.208
35.631.208
Non-Performing Factoring Receivables
Non-Performing Financial Loans
54.624.180
54.624.180
Non-Performing Leasing Receivables
Specific Provisions (-)
-18.992.972
-18.992.972
Allowance for Expected Credit Losses (-)
INVESTMENTS IN ASSOCIATES, SUBSIDIARIES AND JOINT VENTURES
0
Investments in Associates (Net)
Associates Accounted for Using Equity Method
Unconsolidated Associates
Investments in Subsidiaries (Net)
Unconsolidated Financial Subsidiaries
Unconsolidated Non-Financial Subsidiaries
Jointly Controlled Partnerships (JointVentures) (Net)
Jointly Controlled Partnerships Accounted for Using Equity Method
Unconsolidated Jointly Controlled Partnerships
TANGIBLE ASSETS (Net)
I-12
3.602.548
3.602.548
INTANGIBLE ASSETS AND GOODWILL (Net)
I-13
3.557.421
3.557.421
INVESTMENT PROPERTY (Net)
0
CURRENT TAX ASSETS
0
DEFERRED TAX ASSET
I-14
19.202.682
19.202.682
OTHER ASSETS
I-16
25.293.338
25.293.338
SUBTOTAL
3.184.697.461
44.264.300
3.228.961.761
ASSETS CLASSIFIED AS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net)
0
Held for Sale
Non-Current Assets From Discontinued Operations
TOTAL ASSETS
3.184.697.461
44.264.300
3.228.961.761
LIABILITY AND EQUITY ITEMS
LOANS RECEIVED
II-2
1.877.603.655
39.397.252
1.917.000.907
FACTORING PAYABLES
0
LEASE PAYABLES (Net)
0
Finance Lease Payables
Operating Lease Payables
Other
Deferred Finance Lease Expenses (-)
MARKETABLE SECURITIES (Net)
II-4
759.327.135
759.327.135
Bills
256.105.560
256.105.560
Asset-backed Securities
Bonds
503.221.575
503.221.575
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS
0
DERIVATIVE FINANCIAL LIABILITIES
0
PROVISIONS
II-7
22.511.329
22.511.329
Provision for Restructuring
Reserves For Employee Benefits
1.087.552
1.087.552
General Loan Loss Provisions
11.907.453
11.907.453
Other provisions
9.516.324
9.516.324
CURRENT TAX LIABILITIES
I-14
5.041.299
5.041.299
DEFERRED TAX LIABILITY
II-8
0
0
SUBORDINATED DEBT
0
OTHER LIABILITIES
II-5
228.339.383
228.339.383
SUBTOTAL
2.892.822.801
39.397.252
2.932.220.053
LIABILITIES RELATED TO ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net)
II-9
0
Held For Sale
Related to Discontinued Operations
EQUITY
296.741.708
296.741.708
Issued capital
II-11
155.000.000
155.000.000
Capital Reserves
Equity Share Premiums
Share Cancellation Profits
Other Capital Reserves
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
Profit Reserves
79.439.402
79.439.402
Legal Reserves
3.971.970
3.971.970
Statutory Reserves
Extraordinary Reserves
75.467.432
75.467.432
Other Profit Reserves
Profit or Loss
62.302.306
62.302.306
Prior Years' Profit or Loss
Current Period Net Profit Or Loss
62.302.306
62.302.306
Non-controlling interests
TOTAL EQUITY AND LIABILITIES
3.189.564.509
39.397.252
3.228.961.761
Presentation Currency TL
Nature of Financial Statements Unconsolidated
Current Period
31.12.2018
Previous Period
31.12.2017
TC
FC
Total
TC
FC
Total
OFF-BALANCE SHEET ITEMS
OFF-BALANCE SHEET ITEMS
IRREVOCABLE FACTORING TRANSACTIONS
0
REVOCABLE FACTORING TRANSACTIONS
0
COLLATERALS RECEIVED
III.1
7.838.795.819
7.838.795.819
COLLATERALS GIVEN
III.2
189.000.000
189.000.000
COMMITMENTS
III.3
848.169.936
848.169.936
Irrevocable Commitments
1.087.701
1.087.701
Revocable Commitments
847.082.235
847.082.235
Lease Commitments
Finance Lease Commitments
Operational Lease Commitments
Other Revocable Commitments
847.082.235
847.082.235
DERIVATIVE FINANCIAL INSTRUMENTS
III.4
0
Derivative Financial Instruments Held For Hedging
Fair Value Hedges
Cash Flow Hedges
Hedges of Net Investment in Foreign Operations
Derivative Financial Instruments Held For Trading
Forward Buy or Sell Transactions
Swap Purchases or Sales
Option Purchases or Sales
Futures Purchases or Sales
Other
ITEMS HELD IN CUSTODY
III.5
0
TOTAL OFF-BALANCE SHEET ITEMS
8.875.965.755
8.875.965.755
Presentation Currency TL
Nature of Financial Statements Unconsolidated
Current Period
01.01.2018 - 31.12.2018
Previous Period
01.01.2017 - 31.12.2017
Profit or loss [abstract]
INCOME AND EXPENSE ITEMS
OPERATING INCOME
IV-1
504.838.133
FACTORING INCOME
0
Factoring Interest Income
Discounted
Other
Factoring Fee and Commission Income
Discounted
Other
INCOME FROM FINANCING LOANS
504.838.133
Interest Income From Financing Loans
IV-1
486.078.848
Fee and Commission Income From Financing Loans
IV-1
18.759.285
LEASE INCOME
0
Finance Lease Income
Operational Lease Income
Fee and Commission Income From Lease Operations
FINANCE COST (-)
-437.362.657
Interest Expenses on Funds Borrowed
-322.748.768
Interest Expenses On Factoring Payables
Financial Lease Expenses
Interest Expenses on Securities Issued
-110.336.695
Other Interest Expense
Fees and Commissions Paid
-4.277.194
GROSS PROFIT (LOSS)
67.475.476
OPERATING EXPENSES (-)
-74.122.027
Personnel Expenses
IV-2
-21.177.848
Provision Expense for Employment Termination Benefits
IV-2
0
Research and development expense
General Operating Expenses
IV-2
-18.093.578
Other
IV-2
-34.850.601
GROSS OPERATING PROFIT (LOSS)
-6.646.551
OTHER OPERATING INCOME
IV-3
172.592.889
Interest Income on Banks
IV-3
30.478.056
Interest Income on Reverse Repurchase Agreements
Interest Income on Marketable Securities Portfolio
Arising From Financial Assets At Fair Value Through Profit Loss
Arising From Financial Assets At Fair Value Through Other Comprehensive Income
Arising From Financial Assets Measured at Amortised Cost
Dividend Income
Gains Arising from Capital Markets Transactions
Derivative Financial Transactions' Gains
IV-3
32.259.663
Foreign Exchange Gains
IV-3
84.365.095
Other
IV-3
25.490.075
PROVISIONS
-3.753.625
Specific Provisions
IV-4
-3.704.001
Allowances For Expected Credit Losses
General Loan Loss Provisions
IV-5
0
Other
-49.624
OTHER OPERATING EXPENSES (-)
-84.439.425
Impairment in Value of Securities
Impairment in Value of Financial Assets Designated at Fair Value Through Profit and Loss
Impairment in Value of Financial Assets Designated at Fair Value Through Other Comprehensive Income
Impairment in Value of Non-Current Assets
-703.927
Impairment in Value of Tangible Assets
-360.886
Impairment in Value of Assets Held for Sale and Assets Related to Discontinued Operations
Impairement in Value of Intangible Assets
-343.041
Impairment in Value of Associates, Subsidiaries and Joint Ventures
Loss Arising from Derivative Financial Transaction
IV-6
-2.574.312
Foreign Exchange Losses
IV-6
-81.161.186
Other
NET OPERATING PROFIT (LOSS)
77.753.288
PROFIT ARISED FROM MERGER
0
SHARE OF PROFIT OR LOSS FROM INVESTMENTS ACCOUNTED FOR USING EQUITY METHOD
0
NET MONETARY POSITION GAIN (LOSS)
0
PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX
77.753.288
TAX PROVISION FOR CONTINUING OPERATIONS (+/-)
I-14
-15.450.982
Current Tax Provision
-20.666.557
Expense Effect of Deferred Tax
-7.507.320
Income Effect of Deferred Tax
12.722.895
NET PERIOD PROFIT (LOSS) FROM CONTINUING OPERATIONS
62.302.306
INCOME ON DISCONTINUED OPERATIONS
0
Income on Assets Held for Sale
Subsidiaries, Associates and Joint Ventures Sales Gains
Other Income on Discontinued Operations
EXPENSES ON DISCONTINUED OPERATIONS (-)
0
Expense on Assets Held for Sale
Subsidiaries, Associates and Joint Ventures Sales Losses
Other Expenses on Discontinued Operations
PROFIT (LOSS) ON DISCONTINUED OPERATIONS BEFORE TAX
0
TAX PROVISION FOR DISCONTINUED OPERATIONS (+/-)
0
Current Tax Provision
Expense Effect of Deferred Tax
Income Effect of Deferred Tax
NET PERIOD PROFIT/LOSS FROM DISCONTINUED OPERATIONS
0
NET PROFIT (LOSS)
62.302.306
Profit (loss), attributable to [abstract]
Non-controlling Interests
0
Owners of Parent
62.302.306
Profit (loss) per share
Profit (Loss) per Share
EARNINGS (LOSS) PER SHARE
Basic Earnings (Loss) Per Share from Continuing Operations
Basic Earnings (Loss) Per Share from Discontinued Operations
DILUTED EARNINGS (LOSS) PER SHARE
Diluted earnings (loss) per share from continuing operations
Diluted earnings (loss) per share from discontinued operations
Presentation Currency TL
Nature of Financial Statements Unconsolidated
Current Period
01.01.2018 - 31.12.2018
Previous Period
01.01.2017 - 31.12.2017
Statement of profit or loss and other comprehensive income [abstract]
PROFIT (LOSS)
62.302.306
OTHER COMPREHENSIVE INCOME
0
Other Comprehensive Income that will not be Reclassified to Profit or Loss
0
Gains (Losses) on Revaluation of Property, Plant and Equipment
Gains (Losses) on Revaluation of Intangible Assets
Gains (Losses) on Remeasurements of Defined Benefit Plans
Other Components of Other Comprehensive Income That Will Not Be Reclassified to Profit Or Loss
Taxes Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss
Other Comprehensive Income That Will Be Reclassified to Profit or Loss
0
Exchange Differences on Translation
Valuation and/or Reclassification Profit or Loss from financial assets at fair value through other comprehensive income
Income (Losses) from Cash Flow Hedges
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
Taxes Relating to Components of Other Comprehensive Income that will be Reclassified to Profit or Loss
TOTAL COMPREHENSIVE INCOME (LOSS)
62.302.306
Presentation Currency TL
Nature of Financial Statements Unconsolidated
Current Period
01.01.2018 - 31.12.2018
Previous Period
01.01.2017 - 31.12.2017
Statement of cash flows [abstract]
CASH FLOWS FROM OPERATING ACTIVITIES
Operating Profit/Loss Before Changes in Operating Assets and Liabilities
212.262.440
Interest Received and Lease Income
500.923.027
Interest Paid and Lease Payments
-286.431.821
Lease Expenses
-1.781.343
Dividends received
Fees and Commissions Received
14.482.091
Other Gains
54.585.344
Collections from Previously Written Off Loans and Other Receivables
2.136.038
Cash Payments to Personnel and Service Suppliers
-49.396.669
Taxes Paid
-14.873.399
Other
-7.380.828
Changes in Operating Assets and Liabilities
-206.668.552
Net (Increase) Decrease in Factoring Receivables
Net (Increase) Decrease in Financing Loans
-31.748.149
Net (Increase) Decrease in Receivables From Leasing Transactions
Net (Increase) Decrease in Other Assets
18.021.114
Net Increase (Decrease) in Factoring Payables
Net Increase (Decrease) in Lease Payables
Net Increase (Decrease) in Funds Borrowed
-174.012.600
Net Increase (Decrease) in Matured Payables
Net Increase (Decrease) Other Liabilities
-18.928.917
Cash flows from (used in) operating activities
5.593.888
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
Cash Paid for Purchase of Subsidiaries, Associates and Joint Ventures
Cash Obtained From Sale of Subsidiaries, Associates and Joint Ventures
Cash Paid For Tangible And Intangible Asset Purchases
I-12 / I-13
-3.113.227
Sale of Tangible Intangible Assets
Cash Paid for Purchase of Financial Assets At Fair Value Through Other Comprehensive Income
Cash Obtained from Sale of Financial Assets At Fair Value Through Other Comprehensive Income
Cash Paid for Purchase of Financial Assets At Amortised Cost
Cash Obtained from Sale of Financial Assets At Amortised Cost
Other
I-13
-630.468
Net cash flows from (used in) investing activities
-3.743.695
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Cash Obtained from Loans and Securities Issued
154.500.000
Cash Outflow Arised From Loans and Securities Issued
-114.760.145
Equity Instruments Issued
II-11
0
Dividends paid
Payments of finance lease liabilities
Other
Net cash flows from (used in) financing activities
39.739.855
Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents
3.203.910
Net Increase (decrease) in cash and cash equivalents
44.793.958
Cash and Cash Equivalents at Beginning of the Period
244.092.786
Cash and Cash Equivalents at End of the Period
I-1
288.886.744
Presentation Currency TL
Nature of Financial Statements Unconsolidated
Issued capital [member]
Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit and Loss
Other Accumulated Comprehensive Income That Will Be Reclassified In Profit and Loss
Profit Reserves
Net Profit Or Loss
Non-controlling interests [member]
Equity [member]
Previous Period
01.01.2017 - 31.12.2017
Statement of changes in equity [abstract]
CHANGES IN EQUITY ITEMS
Equity at beginning of period
Increase or Decrease Required by TAS 8
Effect Of Corrections
Effect Of Changes In Accounting Policy
Adjusted Beginning Balance
Total Comprehensive Income (Loss)
Cash Capital Increase
Capital Increase Through Internal Reserves
Inflation Adjustments to Paid-in Capital
Convertible Bonds
Subordinated Debt
Increase (decrease) through other changes, equity
Profit (loss) for the Period
Profit Distributions
Dividends Paid
Transfers To Reserves
Other
Equity at end of period
Current Period
01.01.2018 - 31.12.2018
Statement of changes in equity [abstract]
CHANGES IN EQUITY ITEMS
Equity at beginning of period
II-11
155.000.000
36.835.137
42.604.265
234.439.402
Increase or Decrease Required by TAS 8
Effect Of Corrections
Effect Of Changes In Accounting Policy
Adjusted Beginning Balance
155.000.000
36.835.137
42.604.265
234.439.402
Total Comprehensive Income (Loss)
Cash Capital Increase
Capital Increase Through Internal Reserves
Inflation Adjustments to Paid-in Capital
Convertible Bonds
Subordinated Debt
Increase (decrease) through other changes, equity
Profit (loss) for the Period
62.302.306
62.302.306
Profit Distributions
42.604.265
-42.604.265
Dividends Paid
Transfers To Reserves
42.604.265
-42.604.265
Other
Equity at end of period
155.000.000
79.439.402
62.302.306
296.741.708