ŞEKER FAKTORİNG A.Ş.

Financial Report

Publish Date:23.12.2016 18:17:02
Disclosure Type:FR
Year:2016
Period:3
Presentation Currency 1.000 TL
Nature of Financial Statements Unconsolidated
Current Period
30.09.2016
Previous Period
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
4
3
0
3
6
0
6
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS (Net)
0
0
0
0
0
0
Financial Assets Held For Trading
0
0
0
0
0
0
Financial Assets Designated at Fair Value Through Profit or Loss
0
0
0
0
0
0
Derivatives Classified As Financial Assets Held For Trading
0
0
0
0
0
0
BANKS
4
187
0
187
372
0
372
RECEIVABLES FROM REVERSE REPOR TRANSACTIONS
0
0
0
0
0
0
AVAILABLE FOR SALE FINANCIAL ASSETS (Net)
5
361
0
361
361
0
361
FACTORING RECEIVABLES
6
237.926
0
237.926
295.031
0
295.031
Discounted Factoring Receivables
219.436
0
219.436
280.140
0
280.140
Domestic
224.429
0
224.429
290.411
0
290.411
Foreign
0
0
0
0
0
Unearned Income (-)
-4.993
0
-4.993
-10.271
0
-10.271
Other Factoring Receivables
18.490
0
18.490
14.891
0
14.891
Domestic
18.490
0
18.490
14.891
0
14.891
Foreign
0
0
0
0
0
0
FINANCIAL LOANS
0
0
0
0
0
0
Consumer loans
0
0
0
0
0
0
Credit Cards
0
0
0
0
0
0
Installment Commercial Loans
0
0
0
0
0
0
LEASING TRANSACTIONS
0
0
0
0
0
0
Receivables From Leasing Transactions
0
0
0
0
0
0
Finance lease receivables
0
0
0
0
0
0
Operating Lease Receivables
0
0
0
0
0
0
Unearned Income (-)
0
0
0
0
0
0
Leased Construction in Progress
0
0
0
0
0
0
Advances Given for Lease Transactions
0
0
0
0
0
0
OTHER RECEIVABLES
8
6.137
0
6.137
4.513
0
4.513
NON-PERFORMING RECEIVABLES
6
62.779
0
62.779
14.616
0
14.616
Non-Performing Factoring Receivables
111.926
0
111.926
54.631
0
54.631
Non-Performing Financial Loans
0
0
0
0
0
0
Non-Performing Leasing Receivables
0
0
0
0
0
0
Specific Provisions (-)
-49.147
0
-49.147
-40.015
0
-40.015
DERIVATIVE FINANCIAL ASSETS HELD FOR CASH FLOW HEDGES
0
0
0
0
0
0
Fair Value Hedges
0
0
0
0
0
0
Cash Flow Hedges
0
0
0
0
0
0
Hedge of Net Investments In A Foreign Operation
0
0
0
0
0
0
HELD TO MATURITY INVESTMENTS (Net)
0
0
0
0
0
0
INVESTMENTS IN SUBSIDIARIES (Net)
0
0
0
0
0
0
INVESTMENTS IN ASSOCIATES (Net)
0
0
0
0
0
0
JOINT VENTURES (Net)
0
0
0
0
0
0
TANGIBLE ASSETS (Net)
9
19.134
0
19.134
18.924
0
18.924
INTANGIBLE ASSETS AND GOODWILL (Net)
10
32
0
32
31
0
31
Goodwill
0
0
0
0
0
0
Other
32
0
32
31
0
31
PREPAYMENTS
11
378
0
378
257
0
257
CURRENT TAX ASSETS
20
155
0
155
0
0
0
DEFERRED TAX ASSET
12
5.963
0
5.963
3.363
0
3.363
OTHER ASSETS
13
33
30
63
11
0
11
SUBTOTAL
333.088
30
333.118
337.485
0
337.485
ASSETS CLASSIFIED AS HELD FOR SALE AND DISCONTINUED OPERATIONS (NET)
0
0
0
0
0
0
Held for Sale
0
0
0
0
0
0
Non-Current Assets From Discontinued Operations
0
0
0
0
0
0
TOTAL ASSETS
333.088
30
333.118
337.485
0
337.485
LIABILITY AND EQUITY ITEMS
DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING
0
0
0
0
0
0
LOANS RECEIVED
14
216.993
0
216.993
288.470
0
288.470
FACTORING PAYABLES
17
692
0
692
739
0
739
LEASE PAYABLES
15
0
0
0
7.260
0
7.260
Finance Lease Payables
0
0
0
8.861
0
8.861
Operating Lease Payables
0
0
0
0
0
0
Other
0
0
0
0
0
0
Deferred Finance Lease Expenses (-)
0
0
0
-1.601
0
-1.601
MARKETABLE SECURITIES (Net)
16
61.196
0
61.196
0
0
0
Bills
61.196
0
61.196
0
0
0
Asset-backed Securities
0
0
0
0
0
0
Bonds
0
0
0
0
0
0
OTHER PAYABLES
17
107
0
107
169
0
169
OTHER LIABILITIES
17
4
0
4
3
0
3
DERIVATIVE FINANCIAL LIABILITIES HELD FOR CASH FLOW HEDGES
0
0
0
0
0
0
Fair Value Hedges
0
0
0
0
0
0
Cash Flow Hedges
0
0
0
0
0
0
Hedges of Net Investments In Foreign Operation
0
0
0
0
0
0
TAXES PAYABLE
18
437
0
437
723
0
723
PROVISIONS FOR LIABILITIES AND EXPENSES
19
801
0
801
1.004
0
1.004
Provision for Restructuring
0
0
0
0
0
0
Reserves For Employee Benefits
624
0
624
463
0
463
Other provisions
177
0
177
541
0
541
DEFERRED INCOME
0
0
0
0
0
0
CURRENT TAX LIABILITIES
20
0
0
0
212
0
212
DEFERRED TAX LIABILITY
12
0
0
0
0
0
0
SUBORDINATED DEBT
0
0
0
0
0
0
SUBTOTAL
280.230
0
280.230
298.580
0
298.580
LIABILITIES RELATED TO ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net)
0
0
0
0
0
0
Held For Sale
0
0
0
0
0
0
Related to Discontinued Operations
0
0
0
0
0
0
EQUITY
52.888
0
52.888
38.905
0
38.905
Issued capital
21
50.000
0
50.000
20.000
0
20.000
Capital Reserves
0
0
0
0
0
0
Equity Share Premiums
0
0
0
0
0
0
Share Cancellation Profits
0
0
0
0
0
0
Other Capital Reserves
0
0
0
0
0
0
Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss
22
6.993
0
6.993
6.993
0
6.993
Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss
0
0
0
0
0
0
Profit Reserves
23
6.912
0
6.912
8.315
0
8.315
Legal Reserves
1.999
0
1.999
1.881
0
1.881
Statutory Reserves
0
0
0
0
0
0
Extraordinary Reserves
4.913
0
4.913
6.434
0
6.434
Other Profit Reserves
0
0
0
0
0
0
Profit or Loss
-11.017
0
-11.017
3.597
0
3.597
Prior Years' Profits or Losses
24
0
0
0
0
0
0
Current Period Net Profit Or Loss
-11.017
0
-11.017
3.597
0
3.597
Non-controlling interests
0
0
0
0
0
0
TOTAL EQUITY AND LIABILITIES
333.118
0
333.118
337.485
0
337.485
Presentation Currency 1.000 TL
Nature of Financial Statements Unconsolidated
Current Period
30.09.2016
Previous Period
31.12.2015
TL
FC
Total
TL
FC
Total
OFF-BALANCE SHEET ITEMS
OFF-BALANCE SHEET ITEMS
IRREVOCABLE FACTORING TRANSACTIONS
0
0
0
0
0
0
REVOCABLE FACTORING TRANSACTIONS
6
358.662
358.662
366.357
366.357
COLLATERALS RECEIVED
6
3.951.628
5.166
3.956.794
3.201.004
5.656
3.206.660
COLLATERALS GIVEN
25
0
0
0
10.665
0
10.665
COMMITMENTS
26
20.801
20.801
12.434
12.434
Irrevocable Commitments
20.801
20.801
12.434
12.434
Revocable Commitments
Lease Commitments
Finance Lease Commitments
Operational Lease Commitments
Other Revocable Commitments
DERIVATIVE FINANCIAL INSTRUMENTS
0
0
0
0
0
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
3.721.772
10.364
3.732.136
3.219.282
10.924
3.230.206
TOTAL OFF-BALANCE SHEET ITEMS
8.052.863
15.530
8.068.393
6.809.742
16.580
6.826.322
Presentation Currency 1.000 TL
Nature of Financial Statements Unconsolidated
Current Period
01.01.2016 - 30.09.2016
Previous Period
01.01.2015 - 30.09.2015
Current Period 3 Months
01.07.2016 - 30.09.2016
Previous Period 3 Months
01.07.2015 - 30.09.2015
Profit or loss [abstract]
OPERATING INCOME
36.303
42.178
10.010
15.354
FACTORING INCOME
28
36.303
42.178
10.010
15.354
Factoring Interest Income
31.474
35.350
8.453
12.925
Discounted
30.094
33.663
8.074
12.338
Other
1.380
1.687
379
587
Factoring Fee and Commission Income
4.829
6.828
1.557
2.429
Discounted
4.482
6.342
1.446
2.269
Other
347
486
111
160
INCOME FROM FINANCING LOANS
0
0
0
0
Interest Income From Financing Loans
0
0
0
0
Fee and Commission Income From Financing Loans
0
0
0
0
LEASE INCOME
0
0
0
0
Finance Lease Income
0
0
0
0
Operational Lease Income
0
0
0
0
Fee and Commission Income From Lease Operations
0
0
0
0
FINANCE COST (-)
29
-33.293
-26.963
-11.619
-10.887
Interest Expenses on Funds Borrowed
-26.652
-25.967
-8.148
-10.542
Interest Expenses On Factoring Payables
0
0
0
0
Financial Lease Expenses
-1.891
-884
-1.361
-287
Interest Expenses on Securities Issued
-4.038
0
-1.789
0
Other Interest Expense
0
0
0
0
Fees and Commissions Paid
-712
-112
-321
-58
GROSS PROFIT (LOSS)
3.010
15.215
-1.609
4.467
OPERATING EXPENSES (-)
30
-8.212
-8.182
-2.833
-3.098
Personnel Expenses
-6.091
-6.296
-2.063
-2.428
Provision Expense for Employment Termination Benefits
-95
-83
-31
-27
Research and development expense
0
0
0
0
General Operating Expenses
-2.026
-1.803
-739
-643
Other
0
0
0
0
GROSS OPERATING PROFIT (LOSS)
-5.202
7.033
-4.442
1.369
OTHER OPERATING INCOME
31
1.052
487
212
175
Interest Income on Banks
108
0
107
0
Interest Income on Reverse Repurchase Agreements
0
0
0
0
Interest Income on Marketable Securities Portfolio
0
160
0
78
Financial Assets Held for Trading
0
160
0
78
Financial Assets Designated At Fair Value Through Profit and Loss
0
0
0
0
Financial Assets Available for Sale
0
0
0
0
Held to Maturity Investments
0
0
0
0
Dividend Income
0
0
0
0
Gains Arising from Capital Markets Transactions
0
0
0
-6
Derivative Financial Transactions
0
0
0
0
Other
0
0
0
-6
Foreign Exchange Gains
4
0
4
0
Other
940
327
101
103
SPECIFIC PROVISION FOR DOUBTFUL RECEIVABLES (-)
32
-9.425
-1.947
-3.430
-529
OTHER OPERATING EXPENSES (-)
33
-42
-95
1
0
Impairment in Value of Securities
0
0
0
0
Impairment in Value of Financial Assets Designated at Fair Value Through Profit and Loss
0
0
0
0
Impairment in Value of Financial Assets Available For Sale
0
0
0
0
Impairment in Value of Held to Maturity Investments
0
0
0
0
Impairment in Value of Non-Current Assets
0
0
0
0
Impairment in Value of Tangible Assets
0
0
0
0
Impairment in Value of Assets Held for Sale and Assets Related to Discontinued Operations
0
0
0
0
Impairment in Value of Goodwill
0
0
0
0
Impairment in Value of Other Intangible Assets
0
0
0
0
Impairment in Value of Associates, Subsidiaries and Joint Ventures
0
0
0
0
Loss Arising from Derivative Financial Transaction
0
0
0
0
Foreign Exchange Losses
0
0
1
0
Other
-42
-95
0
0
NET OPERATING PROFIT (LOSS)
-13.617
5.478
-7.659
1.015
AMOUNT IN EXCESS RECORDED AS GAIN AFTER MERGER
0
0
0
0
NET MONETARY POSITION GAIN (LOSS)
0
0
0
0
PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX
-13.617
5.478
-7.659
1.015
TAX PROVISION FOR CONTINUING OPERATIONS (+/-)
34
2.600
-709
1.523
718
Current Tax Provision
0
-1.458
0
-322
Expense Effect of Deferred Tax
0
0
0
0
Income Effect of Deferred Tax
2.600
749
1.523
1.040
NET PERIOD PROFIT (LOSS) FROM CONTUNUING OPERATIONS
-11.017
4.769
-6.136
1.733
INCOME ON DISCONTINUED OPERATIONS
0
0
0
0
Income on Assets Held for Sale
0
0
0
0
Subsidiaries, Associates and Joint Ventures Sales Gains
0
0
0
0
Other Income on Discontinued Operations
0
0
0
0
EXPENSES ON DISCONTINUED OPERATIONS (-)
0
0
0
0
Expense on Assets Held for Sale
0
0
0
0
Subsidiaries, Associates and Joint Ventures Sales Losses
0
0
0
0
Other Expenses on Discontinued Operations
0
0
0
0
PROFIT (LOSS) ON DISCONTINUED OPERATIONS BEFORE TAX
0
0
0
0
TAX PROVISION FOR DISCONTINUED OPERATIONS (+/-)
0
0
0
0
Current Tax Provision
0
0
0
0
Expense Effect of Deferred Tax
0
0
0
0
Income Effect of Deferred Tax
0
0
0
0
NET PERIOD PROFIT/LOSS FROM DISCONTINUED OPERATIONS
0
0
0
0
NET PROFIT (LOSS)
-11.017
4.769
-6.136
1.733
PROFIT (LOSS), ATTRIBUTABLE TO NON-CONROLLING INTERESTS
0
0
0
0
PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT
-11.017
4.769
-6.136
1.733
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 1.000 TL
Nature of Financial Statements Unconsolidated
Current Period
01.01.2016 - 30.09.2016
Previous Period
01.01.2015 - 30.09.2015
Current Period 3 Months
01.07.2016 - 30.09.2016
Previous Period 3 Months
01.07.2015 - 30.09.2015
Statement of Other Comprehensive Income
PROFIT (LOSS)
-11.017
4.769
OTHER COMPREHENSIVE INCOME
0
0
Other Comprehensive Income that will not be Reclassified to Profit or Loss
22
0
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
Current Period Tax (Expense) Income
Deferred Tax (Expense) Income
Items That Will Be Reclassified To Profit or Loss
0
0
Exchange Differences on Translation
Income (Losses) on Remeasuring or Reclassification Adjustments on Available-for-Sale Financial Assets
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
Current Period Tax (Expense) Income
Deferred Tax (Expense) Income
Total comprehensive income
-11.017
4.769
Presentation Currency 1.000 TL
Nature of Financial Statements Unconsolidated
Current Period
01.01.2016 - 30.09.2016
Previous Period
01.01.2015 - 30.09.2015
Statement of cash flows [abstract]
CASH FLOWS FROM OPERATING ACTIVITIES
Operating Profit (Loss) Before Changes in Operating Assets and Liabilities
-6.168
9.328
Interest Received and Lease Income
25.993
36.153
Interest Paid and Lease Payments
-26.450
-24.907
Lease Expenses
-1.891
-884
Dividends received
0
0
Fees and Commissions Received
4.314
6.885
Other Gains
940
215
Collections from Previously Written Off Loans and Other Receivables
-779
258
Cash Payments to Personnel and Service Suppliers
-5.983
-5.401
Taxes Paid
-155
-1.135
Other
36
-2.157
-1.856
Changes in Operating Assets and Liabilities
-75.486
-6.210
Net (Increase) Decrease in Factoring Receivables
5.413
-98.766
Net (Increase) Decrease in Financing Loans
-6.862
-2.073
Net (Increase) Decrease in Receivables From Leasing Transactions
-47
-142
Net (Increase) Decrease in Other Assets
-8.861
-1.596
Net Increase (Decrease) in Factoring Payables
-69.788
99.227
Net Increase (Decrease) in Lease Payables
0
0
Net Increase (Decrease) in Funds Borrowed
4.659
-2.860
Net Increase (Decrease) in Matured Payables
Net Increase (Decrease) Other Liabilities
Cash flows from (used in) operating activities
-81.654
3.118
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
Cash Paid for Purchase of Subsidiaries, Associates and Joint Ventures
0
0
Cash Obtained From Sale of Subsidiaries, Associates and Joint Ventures
0
0
Tangible And Intangible Asset Purchases
9
-385
-75
Sale of Tangible Intangible Assets
0
0
Purchase of Financial Assets Available for Sale
0
0
Sale of Financial Assets Available for Sale
0
0
Purchase of Investment Securities Held to Maturity
0
0
Sale of Investment Securities Held to Maturity
0
0
Other
10
-17
-25
Net Cash Flows from (used in) Investing Activities
-402
-100
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Cash Obtained from Loans and Securities Issued
60.213
0
Cash Outflow Arised From Loans and Securities Issued
-3.055
0
Equity Instruments Issued
25.000
0
Dividends paid
0
-2.600
Payments of finance lease liabilities
-290
-287
Other
0
0
Net cash flows from (used in) financing activities
81.868
-2.887
Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents
0
0
Net Increase (Decrease) in Cash and Cash Equivalents
-188
131
Cash and Cash Equivalents at Beginning of the Period
4
378
201
Cash and Cash Equivalents at End of the Period
190
332
Presentation Currency 1.000 TL
Nature of Financial Statements Unconsolidated
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
Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss
Profit Reserves
Legal Reserves
Statutory Reserves
Extraordinary 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]
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 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)
Previous Period
01.01.2015 - 30.09.2015
Statement of Changes in Equity
Statement of Changes in Equity
Equity at beginning of period
21
16.000
3.398
-23
7.310
1.333
5.977
7.605
7.605
34.290
Increase or Decrease Required by TAS 8
Effect Of Corrections
Effect Of Changes In Accounting Policy
Adjusted Beginning Balance
21
16.000
3.398
-23
7.310
1.333
5.977
7.605
7.605
34.290
Total Comprehensive Income (Loss)
22
0
Cash Capital Increase
Capital Increase Through Internal Reserves
4.000
-4.000
-4.000
Inflation Adjustments to Paid-in Capital
Convertible Bonds
Subordinated Debt
Increase (decrease) through other changes, equity
Profit (loss) for the Period
4.769
4.769
4.769
Profit Distributions
24
5.005
548
4.457
-7.605
-7.605
-2.600
Dividends Paid
-2.600
-2.600
-2.600
Transfers To Reserves
5.005
548
4.457
-5.005
-5.005
Other
Equity at end of period
20.000
3.398
-23
8.315
1.881
6.434
4.769
4.769
36.459
Current Period
01.01.2016 - 30.09.2016
Statement of Changes in Equity
Statement of Changes in Equity
Equity at beginning of period
21
20.000
6.971
22
8.315
1.881
6.434
3.597
3.597
38.905
Increase or Decrease Required by TAS 8
Effect Of Corrections
Effect Of Changes In Accounting Policy
8.315
1.881
6.434
3.597
3.597
38.905
Adjusted Beginning Balance
21
20.000
6.971
22
Total Comprehensive Income (Loss)
22
0
Cash Capital Increase
25.000
25.000
Capital Increase Through Internal Reserves
5.000
-5.000
-5.000
Inflation Adjustments to Paid-in Capital
Convertible Bonds
Subordinated Debt
Increase (decrease) through other changes, equity
Profit (loss) for the Period
-11.017
-11.017
-11.017
Profit Distributions
24
3.597
118
3.479
-3.597
-3.597
Dividends Paid
Transfers To Reserves
3.597
118
3.479
-3.597
-3.597
Other
Equity at end of period
50.000
6.971
22
6.912
1.999
4.913
-11.017
-11.017
52.888