TSPB ANNUAL REPORT 2019

62 TCMA 2019 ANNUAL REPORT (CURRENCY – TURKISH LIRA (TL)) (CONVENIENCE TRANSLATION OF A REPORT AND CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH) Current Period Prior Period Audited Audited Assets 31 December 2019 31 December 2019 Current assets: Cash and cash equivalents 6,143,334 6,792,809 Securities 7,769,188 1,731,472 Receivables from operations 846,583 781,932 Prepaid expenses 288,079 319,618 Other current assets 11,136 5,141 Total current assets 15,058,320 9,630,972 Non-current assets: Financial investments 10,242,042 10,242,042 Property and equipment 4,670,758 4,657,003 Intangible assets 321,603 321,603 Accumulated depreciation and amortization (4,992,361) (4,977,069) Other non-current assets 7,822 7,822 Total non-current assets 10,249,864 10,251,401 Total assets 25,308,184 19,882,373 Liabilities and equity Current liabilities: Trade payables 45,462 45,983 Other payables 33,042 26,759 Advances received 34,146 45,626 Taxes and other obligations 342,634 219,882 Deferred income and expense accruals 786,733 764,472 Liabilities for employees 922,526 708,197 Expense accruals for acquisition of subsidiaries and investments 6,288,186 Total current liabilities 8,452,729 1,810,919 Non-current liabilities: Reserve for employee termination benefits 1,856,834 1,457,446 Total non-current liabilities 1,856,834 1,457,446 Total liabilities 10,309,563 3,268,365 Equity: Funds 10,247,042 10,247,042 Statutory reserve 3,513,750 2,222,477 İncome surplus 1,237,829 4,144,488 Total equity 14,998,621 16,614,008 Total liabilities and equity 25,308,184 19,882,373 TURKISH CAPITAL MARKETS ASSOCIATION AND ITS OPERATING ENTITY CONSOLIDATED BALANCE SHEET AS OF 31 DECEMBER 2019