SÜMER FAKTORİNG A.Ş.

Financial Report

Publish Date:26.02.2019 19:24:43
Disclosure Type:FR
Year:2018
Period:4
Presentation Currency 1.000 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)
46.307
46.307
6.952
6.952
Cash and cash equivalents
6
34.261
34.261
927
927
Financial assets at fair value through profit or loss
Financial Assets at Fair Value Through Other Comprehensive Income
Financial Assets Measured at Amortised Cost
16
12.046
12.046
6.025
6.025
Derivative financial assets
Non-performing Financial Assets
Specific Provisions / Allowance for Expectected Losses(-)
LOANS (Net)
167.261
167.261
299.483
299.483
Factoring Receivables
165.550
165.550
297.206
297.206
Discounted Factoring Receivables (Net)
10
151.237
151.237
278.125
278.125
Other Factoring Receivables
10
14.313
14.313
19.081
19.081
Financial Loans
Consumer loans
Credit Cards
Installment Commercial Loans
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)
1.711
1.711
2.277
2.277
Non-Performing Factoring Receivables
14
3.906
3.906
3.401
3.401
Non-Performing Financial Loans
Non-Performing Leasing Receivables
Specific Provisions (-)
14
-2.195
-2.195
-1.124
-1.124
Allowance for Expected Credit Losses (-)
INVESTMENTS IN ASSOCIATES, SUBSIDIARIES AND JOINT VENTURES
0
0
0
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)
20
13.695
13.695
13.959
13.959
INTANGIBLE ASSETS AND GOODWILL (Net)
21
277
277
346
346
INVESTMENT PROPERTY (Net)
0
0
0
0
CURRENT TAX ASSETS
22
0
0
1
1
DEFERRED TAX ASSET
22
0
0
25
25
OTHER ASSETS
13
1.712
1.712
2.844
2.844
SUBTOTAL
229.252
0
229.252
323.610
323.610
ASSETS CLASSIFIED AS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net)
33
33
57
57
Held for Sale
23
33
33
57
57
Non-Current Assets From Discontinued Operations
TOTAL ASSETS
229.285
0
229.285
323.667
323.667
LIABILITY AND EQUITY ITEMS
LOANS RECEIVED
24
88.205
8.926
97.131
224.436
8.893
233.329
FACTORING PAYABLES
10
394
394
538
538
LEASE PAYABLES (Net)
0
0
57
57
Finance Lease Payables
12
0
0
63
63
Operating Lease Payables
Other
Deferred Finance Lease Expenses (-)
-6
-6
MARKETABLE SECURITIES (Net)
88.877
88.877
55.358
55.358
Bills
25
60.629
60.629
10.107
10.107
Asset-backed Securities
Bonds
25
28.248
28.248
45.251
45.251
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS
0
0
0
0
DERIVATIVE FINANCIAL LIABILITIES
0
0
0
0
PROVISIONS
292
292
249
249
Provision for Restructuring
Reserves For Employee Benefits
26
292
292
249
249
General Loan Loss Provisions
Other provisions
CURRENT TAX LIABILITIES
22
935
935
538
538
DEFERRED TAX LIABILITY
22
99
99
0
0
SUBORDINATED DEBT
0
0
0
0
OTHER LIABILITIES
13
1.540
1.540
1.463
1.463
SUBTOTAL
180.342
8.926
189.268
282.639
8.893
291.532
LIABILITIES RELATED TO ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net)
0
0
0
0
Held For Sale
0
0
0
0
Related to Discontinued Operations
EQUITY
40.017
40.017
32.135
32.135
Issued capital
28
25.700
25.700
25.700
25.700
Capital Reserves
Equity Share Premiums
Share Cancellation Profits
Other Capital Reserves
Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss
28
2.285
2.285
2.400
2.400
Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss
Profit Reserves
680
680
680
680
Legal Reserves
28
554
554
554
554
Statutory Reserves
Extraordinary Reserves
28
126
126
126
126
Other Profit Reserves
Profit or Loss
11.352
11.352
3.355
3.355
Prior Years' Profit or Loss
28
3.355
3.355
-2.308
-2.308
Current Period Net Profit Or Loss
7.997
7.997
5.663
5.663
Non-controlling interests
TOTAL EQUITY AND LIABILITIES
220.359
8.926
229.285
314.774
8.893
323.667
Presentation Currency 1.000 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
339
0
339
551
0
551
REVOCABLE FACTORING TRANSACTIONS
12.519
0
12.519
22.587
0
22.587
COLLATERALS RECEIVED
39
12.561.450
4.390
12.565.840
9.447.875
0
9.447.875
COLLATERALS GIVEN
39
36.129
0
36.129
33.416
0
33.416
COMMITMENTS
0
0
0
0
Irrevocable Commitments
Revocable Commitments
Lease Commitments
Finance Lease Commitments
Operational Lease Commitments
Other Revocable Commitments
DERIVATIVE FINANCIAL INSTRUMENTS
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
39
239.020
16.930
255.950
337.453
17.837
355.290
TOTAL OFF-BALANCE SHEET ITEMS
12.849.457
21.320
12.870.777
9.841.882
17.837
9.859.719
Presentation Currency 1.000 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
84.024
55.051
FACTORING INCOME
29
84.024
55.051
Factoring Interest Income
77.204
53.176
Discounted
72.153
50.092
Other
5.051
3.084
Factoring Fee and Commission Income
6.820
1.875
Discounted
6.350
1.619
Other
470
256
INCOME FROM FINANCING LOANS
30
0
0
Interest Income From Financing Loans
0
0
Fee and Commission Income From Financing Loans
0
0
LEASE INCOME
31
0
0
Finance Lease Income
0
0
Operational Lease Income
0
0
Fee and Commission Income From Lease Operations
0
0
FINANCE COST (-)
32
-60.465
-35.438
Interest Expenses on Funds Borrowed
-39.263
-28.124
Interest Expenses On Factoring Payables
Financial Lease Expenses
-6
-27
Interest Expenses on Securities Issued
-17.550
-5.678
Other Interest Expense
-57
0
Fees and Commissions Paid
-3.589
-1.609
GROSS PROFIT (LOSS)
23.559
19.613
OPERATING EXPENSES (-)
33
-11.717
-9.465
Personnel Expenses
-6.977
-5.752
Provision Expense for Employment Termination Benefits
-170
-117
Research and development expense
0
0
General Operating Expenses
-3.559
-2.854
Other
-1.011
-742
GROSS OPERATING PROFIT (LOSS)
11.842
10.148
OTHER OPERATING INCOME
34
6.738
1.805
Interest Income on Banks
1.916
76
Interest Income on Reverse Repurchase Agreements
0
0
Interest Income on Marketable Securities Portfolio
1.588
25
Arising From Financial Assets At Fair Value Through Profit Loss
0
0
Arising From Financial Assets At Fair Value Through Other Comprehensive Income
0
0
Arising From Financial Assets Measured at Amortised Cost
1.588
25
Dividend Income
Gains Arising from Capital Markets Transactions
42
Derivative Financial Transactions' Gains
Foreign Exchange Gains
2.557
1.123
Other
677
539
PROVISIONS
35
-2.388
-1.555
Specific Provisions
-2.388
-1.555
Allowances For Expected Credit Losses
General Loan Loss Provisions
Other
OTHER OPERATING EXPENSES (-)
36
-5.637
-3.074
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
Impairment in Value of Tangible Assets
Impairment in Value of Assets Held for Sale and Assets Related to Discontinued Operations
Impairement in Value of Intangible Assets
Impairment in Value of Associates, Subsidiaries and Joint Ventures
Loss Arising from Derivative Financial Transaction
Foreign Exchange Losses
-5.591
-2.968
Other
-46
-106
NET OPERATING PROFIT (LOSS)
10.555
7.324
PROFIT ARISED FROM MERGER
0
0
SHARE OF PROFIT OR LOSS FROM INVESTMENTS ACCOUNTED FOR USING EQUITY METHOD
0
0
NET MONETARY POSITION GAIN (LOSS)
0
0
PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX
10.555
7.324
TAX PROVISION FOR CONTINUING OPERATIONS (+/-)
22.c
-2.558
-1.661
Current Tax Provision
-2.564
-1.658
Expense Effect of Deferred Tax
-3
Income Effect of Deferred Tax
6
NET PERIOD PROFIT (LOSS) FROM CONTINUING OPERATIONS
7.997
5.663
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
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
Income Effect of Deferred Tax
0
0
NET PERIOD PROFIT/LOSS FROM DISCONTINUED OPERATIONS
0
0
NET PROFIT (LOSS)
7.997
5.663
Profit (loss), attributable to [abstract]
Non-controlling Interests
0
0
Owners of Parent
7.997
5.663
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
01.01.2018 - 31.12.2018
Previous Period
01.01.2017 - 31.12.2017
Statement of profit or loss and other comprehensive income [abstract]
PROFIT (LOSS)
7.997
5.663
OTHER COMPREHENSIVE INCOME
-115
-8
Other Comprehensive Income that will not be Reclassified to Profit or Loss
28.3.a
-115
-8
Gains (Losses) on Revaluation of Property, Plant and Equipment
Gains (Losses) on Revaluation of Intangible Assets
Gains (Losses) on Remeasurements of Defined Benefit Plans
15
-10
Other Components of Other Comprehensive Income That Will Not Be Reclassified to Profit Or Loss
0
0
Taxes Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss
-130
2
Other Comprehensive Income That Will Be Reclassified to Profit or Loss
0
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)
7.882
5.655
Presentation Currency 1.000 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
8.459
6.249
Interest Received and Lease Income
29
80.707
54.567
Interest Paid and Lease Payments
32
-56.869
-33.802
Lease Expenses
32
-6
-27
Dividends received
Fees and Commissions Received
29
6.820
584
Other Gains
32
-355
95
Collections from Previously Written Off Loans and Other Receivables
6
164
Cash Payments to Personnel and Service Suppliers
33
-11.717
-9.466
Taxes Paid
22
-1.526
-1.451
Other
35,36
-8.601
-4.415
Changes in Operating Assets and Liabilities
133.793
-119.272
Net (Increase) Decrease in Factoring Receivables
10
132.222
-117.760
Net (Increase) Decrease in Financing Loans
Net (Increase) Decrease in Receivables From Leasing Transactions
Net (Increase) Decrease in Other Assets
13,22
1.157
-1.608
Net Increase (Decrease) in Factoring Payables
10
-144
-67
Net Increase (Decrease) in Lease Payables
Net Increase (Decrease) in Funds Borrowed
Net Increase (Decrease) in Matured Payables
22
397
210
Net Increase (Decrease) Other Liabilities
13,26,22
161
-47
Cash flows from (used in) operating activities
142.252
-113.023
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
20,21
-243
-665
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
23
-5.997
-6.025
Cash Obtained from Sale of Financial Assets At Amortised Cost
Other
Net cash flows from (used in) investing activities
-6.240
-6.690
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Cash Obtained from Loans and Securities Issued
24
33.519
117.961
Cash Outflow Arised From Loans and Securities Issued
24
-136.197
0
Equity Instruments Issued
Dividends paid
Payments of finance lease liabilities
Other
Net cash flows from (used in) financing activities
-102.678
117.961
Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents
0
0
Net Increase (decrease) in cash and cash equivalents
33.334
-1.752
Cash and Cash Equivalents at Beginning of the Period
6
927
2.679
Cash and Cash Equivalents at End of the Period
6
34.261
927
Presentation Currency 1.000 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
Prior Years' Profits or Losses
Net Profit Or Loss
Non-controlling interests [member]
Equity [member]
Accumulated Gains or Losses on Remeasurements of Defined Benefit Plans
Previous Period
01.01.2017 - 31.12.2017
Statement of changes in equity [abstract]
CHANGES IN EQUITY ITEMS
Equity at beginning of period
28
25.700
2.408
291
-5.073
5.554
28.880
Increase or Decrease Required by TAS 8
Effect Of Corrections
Effect Of Changes In Accounting Policy
Adjusted Beginning Balance
25.700
2.408
291
-5.073
5.554
28.880
Total Comprehensive Income (Loss)
-8
-8
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
5.663
5.663
Profit Distributions
389
2.765
-5.554
-2.400
Dividends Paid
-2.400
-2.400
Transfers To Reserves
389
5.165
-5.554
Other
Equity at end of period
25.700
-8
2.408
680
-2.308
5.663
32.135
Current Period
01.01.2018 - 31.12.2018
Statement of changes in equity [abstract]
CHANGES IN EQUITY ITEMS
Equity at beginning of period
28
25.700
-8
2.408
680
-2.308
5.663
32.135
Increase or Decrease Required by TAS 8
Effect Of Corrections
Effect Of Changes In Accounting Policy
Adjusted Beginning Balance
25.700
-8
2.408
680
-2.308
5.663
32.135
Total Comprehensive Income (Loss)
12
-127
-115
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
7.997
7.997
Profit Distributions
5.663
-5.663
Dividends Paid
Transfers To Reserves
5.663
-5.663
Other
Equity at end of period
25.700
4
2.281
680
3.355
7.997
40.017