TSPB ANNUAL REPORT 2017

Current Period Prior Period Audited Audited December, 31 2017 December, 31 2016 Assets Current assets: Cash and cash equivalents 2,577,041 1,572,823 Securities 1,577,863 1,277,524 Receivables from operations 676,052 526,003 Prepaid expenses 188,158 531,956 Other current assets 2,247 12,904 Total current assets 5,021,361 3,921,210 Non - current assets: Financial investments 10,242,042 8,282,042 Property and equipment 3,647,005 3,581,680 Intangible assets 682,390 263,302 Accumulated depreciation and amortization (3,996,341) (3,828,215) Other non - current assets 3,155 3,155 Total non - current assets 10,578,251 8,301,964 Total assets 15,599,612 12,223,174 Liabilities and equity Current liabilities: Short - term financial lease liabilities 139,409 - Trade payables 73,126 31,911 Other payables 28,144 20,401 Advances received 31,440 25,466 Taxes and other obligations 342,436 192,674 Deferred income and expense accruals 581,632 480,308 Liabilities for employees 599,139 598,020 Total current liabilities 1,795,326 1,348,780 Non - current liabilities: Long - term financial lease liabilities 185,879 - Reserve for employee termination benefits 1,148,887 942,464 Total non - current liabilities 1,334,766 942,464 Total liabilities 3,130,092 2,291,244 Equity: Funds 10,247,042 8,287,042 Statutory reserve 1,644,888 1,032,035 Income surplus 577,590 612,853 Total equity 12,469,520 9,931,930 Total liabilities and equity 15,599,612 12,223,174 Financial Statements (Currency – Turkish Lira (TL)) (Convenience translation of a report and consolidated financial statements originally issued in Turkish) 54 TCMA 2017 Annual Report