DOCSLIB.ORG

Türkiye Iş Bankasi Anonim Şirketi and Its Subsidiaries

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Türkiye Iş Bankasi Anonim Şirketi and Its Subsidiaries TÜRKİYE İŞ BANKASI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES Condensed Consolidated Interim Financial Statements For the Six-month Period Ended 30 June 2020 With Independent Auditors’ Report on Review of Condensed Consolidated Interim Financial Information Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi 30 October 2020 This report contains 1 page of independent auditors’ report on consolidated financial statements and 72 pages of consolidated financial statements and notes to the consolidated financial statements. Türkiye İş Bankası Anonim Şirketi and Its Subsidiaries TABLE OF CONTENTS Page ------ Independent auditors’ report on review of condensed consolidated interim financial information Condensed consolidated statement of financial position 1-2 Condensed consolidated statement of income 3 Condensed consolidated statement of profit or loss and other comprehensive income 4 Condensed consolidated statement of changes in equity 5-6 Condensed consolidated statement of cash flows 7-8 Notes to the condensed consolidated interim financial statements 10-72 Güney Bağımsız Denetim ve SMMM A.Ş. Tel: +90 212 315 3000 Maslak Mah. Eski Büyükdere Cad. Fax: +90 212 230 8291 Orjin Maslak İş Merkezi No: 27 ey.com Kat: 2-3-4 Daire: 54-57-59 Ticaret Sicil No : 479920 34485 Sarıyer Mersis No: 0-4350-3032-6000017 İstanbul - Türkiye Report on the Review of Condensed Consolidated Interim Financial Statements To the Shareholders of Türkiye İş Bankası A.Ş. Introduction We have reviewed the accompanying condensed consolidated interim financial statements of Türkiye İş Bankası A.Ş. (the “Bank”) and its subsidiaries (together referred to as the “Group”) as at June 30, 2020, comprising of the condensed consolidated interim statement of financial position as at June 30, 2020 and the related condensed consolidated interim statements of income, consolidated interim statement of profit or loss and other comprehensive income, consolidated interim statement of changes in equity and consolidated interim statement of cash flows for the six-month period then ended and explanatory notes. Management is responsible for the preparation and presentation of these interim condensed consolidated financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” (IAS 34). Our responsibility is to express a conclusion on these interim condensed consolidated financial statements based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of interim financial information performed by the independent auditor of the entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing, consequently it does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Basis for Qualified Conclusion As explained in Notes 15 and 19, the accompanying interim condensed consolidated financial statements as at June 30, 2020 include a free provision for possible risks amounting to TL 1,580,000 thousands, of which TL 980,000 thousands was provided in prior years and TL 600,000 thousands provided in the current period by the Group management for the possible effects of the negative circumstances which may arise from the possible changes in the economy and market conditions which does not meet the recognition criteria of IAS 37 “Provisions, Contingent Liabilities and Contingent Assets”. Qualified Conclusion Based on our review, except for the effect of the matter referred in the “Basis for Qualified Conclusion” paragraph, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with IAS 34. Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi A member firm of Ernst & Young Global Limited Fatma Ebru Yücel, SMMM Partner 30 October 2020 Istanbul, Turkey TÜRKİYE İŞ BANKASI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated) 31 December Assets Note 30 June 2020 2019 Cash on hand 6,542,971 5,528,713 Balances with central bank 8 52,339,701 48,369,677 Loans and advances to banks 28,042,718 22,027,221 Financial assets at fair value through profit or loss 9 3,661,368 2,666,162 Derivative financial assets 23 7,576,001 5,369,818 Loans and advances to customers 10 363,889,309 318,424,746 - Measured at amortised cost 361,739,496 316,274,933 - Measured at fair value through profit or loss 2,149,813 2,149,813 Trade receivables 6,485,370 5,847,878 Insurance receivables 6,259,405 5,008,178 Inventories 4,906,719 4,315,307 Investment securities 9 115,662,157 96,625,522 - Financial assets at fair value through other comprehensive income 71,714,132 61,023,546 - Financial assets measured at amortised cost 43,948,025 35,601,976 Current tax assets 108,925 90,429 Investments in equity-accounted investees 1,112,923 981,049 Property, plant and equipment 12 23,695,622 23,172,273 Investment properties 4,293,073 4,314,742 Intangible assets and goodwill 2,329,652 1,920,650 Non-current assets held for sale 1,207,539 1,218,276 Deferred tax assets 4,204,744 3,075,980 Other assets 15,714,270 10,668,377 Total assets 648,032,467 559,624,998 The accompanying notes form an integral part of these consolidated financial statements. 1 TÜRKİYE İŞ BANKASI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated) 31 December Liabilities and equity Note 30 June 2020 2019 Deposits 339,310,123 294,647,350 - Deposits from banks 6,167,866 5,905,168 - Deposits from customers 333,142,257 288,742,182 Obligations under repurchase agreements 16,663,868 2,863,882 Derivative financial liabilities 23 5,541,911 3,013,852 Lease payables 1,272,625 1,245,427 Funds borrowed 13 85,534,799 79,295,160 Debt securities issued 43,608,544 44,266,745 Payables to money market 743,835 166,453 Trade payables 6,084,200 6,343,693 Taxes and dues payable 914,143 819,762 Employee benefits 5,662,656 5,455,826 Corporate tax liability 2,295,602 1,043,071 Insurance contract liabilities 15,286,300 13,188,011 Provisions 15 3,090,064 1,989,940 Deferred tax liabilities 328,469 287,030 Other liabilities 19,754,375 15,394,612 Subordinated liabilities 22,670,763 15,365,226 Total liabilities 568,762,277 485,386,040 Share capital 16 6,115,938 6,115,938 Share premium 38,621 38,611 Legal reserves 16 6,107,828 5,631,247 Fair value reserves 1,247,813 486,376 Revaluation reserves 4,854,900 4,821,759 Hedging reserves 110,897 3,149 Translation reserves 3,446,313 3,302,365 Other reserves (790,416) (789,608) Retained earnings 41,573,259 39,172,563 Total equity attributable to equity holders of the Bank 62,705,153 58,782,400 Non-controlling interests 16,565,037 15,456,558 Total equity 79,270,190 74,238,958 Total liabilities and equity 648,032,467 559,624,998 Commitment and contingencies 23 183,961,874 159,867,175 The accompanying notes form an integral part of these consolidated financial statements. 2 TÜRKİYE İŞ BANKASI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF INCOME FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2020 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated) 1 January- 1 January- Note 30 June 2020 30 June 2019 Interest income on loans 16,404,049 18,117,519 Interest income on securities 5,660,390 5,396,411 Interest income on deposits at banks 251,538 302,692 Interest income on reserve deposit at central banks 10,125 280,815 Interest income on finance leases 248,615 241,273 Interest income on factoring transactions 148,564 254,587 Other interest income 86,619 325,031 Total interest income 22,809,900 24,918,328 Interest expense on deposits (4,517,014) (8,759,926) Interest expense on borrowings (1,451,111) (1,717,126) Interest expense on interbank borrowings (518,640) (1,059,696) Interest expense on debt securities issued (2,444,374) (2,560,857) Interest expense on leasing (91,869) (92,602) Other interest expense (412,469) (65,301) Total interest expense (9,435,477) (14,255,508) Net interest income 13,374,423 10,662,820 Fee and commission income 17 3,332,986 3,326,007 Fee and commission expense 17 (1,127,822) (1,140,357) Net fee and commission income 17 2,205,164 2,185,650 Securities trading income, net 497,163 162,306 Derivative trading expense, net (2,690,502) (3,945,756) Income from manufacturing operations 8,820,362 8,605,972 Income from insurance operations 4,102,677 3,165,862 Income from other operations 425,460 641,692 Cost of manufacturing operations (6,248,297) (5,809,570) Cost of insurance operations (3,183,790) (2,697,016) Cost of other operations (790,112) (739,836) Other operating income 18 610,839 815,101 Other operating expenses 19 (9,189,385) (7,272,436) Foreign exchange gains/(losses), net 1,971,390 1,449,692 Impairment losses, net (4,794,112) (3,765,875) Dividend income 22,491 18,004 Share of income from equity-accounted investees 37,453 65,345 Profit before income tax 5,171,224 3,541,955 Income tax expense (1,323,368) (292,060) Profit for the period 3,847,856 3,249,895 Profit attributable to Equity holders of the Bank 2,877,296 2,074,989 Non-controlling interest 970,560 1,174,906 Profit for the period 3,847,856 3,249,895 Basic and diluted earnings per share (Full TL) 21 0.0256 0.0184 The accompanying notes form an integral part of these consolidated financial statements.
Load more

Recommended publications
  • KOC SS RAPORU 08 Buke.Fh11
    Corporate Social Responsibility Report 2008 Contents 02 Message from the Chairman Message from the CEO of the Ko Group 04 06 Scope of the Report Values of the Ko Group 07 08 Creating Value at Ko R&D and Innovation at Ko 10 18 Social Responsibility at Ko Group Respect for Human Rights at Ko Group 32 38 Working Environment at Ko Group Environmentally-Friendly Practices of Ko Group 50 66 Ethical Values at Ko The Global Compact 69 THE KO GROUP 01 CORPORATE SOCIAL RESPONSIBILITY REPORT 2008 We, Ko Group, with all our people, aspire to ensure customer satisfaction and sound growth by providing products and services of universal quality and standards. We are committed to being a symbol of trust, continuity and esteem for our country, customers, shareholders, dealers, and suppliers. Message from the Chairman We regard corporate social responsibility as an indispensible part of our business approach, in line with the conscience transmitted to us by the late Vehbi Ko. Distinguished Shareholders, In the era of globalization, even though there are still humanity, the coming generations, and for ourselves as geographic boundaries, economic boundaries no longer well. exist. Developments in one country affect another country on the other side of the world with unprecedented speed. During this difficult crisis period that, we, the Ko Group, The latest example is the financial crisis originating in the continue to be a driving force forwards economic U.S.A. and causing turbulence in all economies around development with domestic investments, steps towards the world in a very short time. developing new sectors of production, and our globally known brands.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Premailer Middle East 2021
    Bonds, Loans Shangri-La Bosphorus, Istanbul & Sukuk Turkey 2021 Turkey’s largest capital markets event www.bondsloansturkey.com 93% 50+ 20% 250+ DIRECTOR LEVEL OR ABOVE REGIONAL & INTERNATIONAL SOVEREIGN, CORPORATE & INDUSTRY EXPERT SPEAKERS BANKS ATTENDED FI BORROWERS Bonds, Loans & Sukuk Turkey has become the meeting point of all important players in finance through the correct mix of its participants, and its reliability with continuity of successful organisations in the last consecutive years Selahattin BİLGEN, IGA Airport PLATINUM SPONSOR GOLD SPONSOR BRONZE SPONSORS WELCOME TO THE ANNUAL MEETING PLACE FOR TURKEY’S FINANCE PROFESSIONALS Bonds, Loans & Sukuk Turkey is the country’s largest capital markets event. It is the only event to combine discussions across the Bond, Loans and Sukuk markets, making it a “must attend” event for the country’s leading CEOs, CFOs and Treasurers. With over 65% of the audience representing issuers and borrowers and over 93% being director level or above, it is the place where live deals are discussed and mandates are won each year. As a speaker, I had a dynamic discussion which was a great experience. Overall, the organisation was great and attracted an invaluable list of attendees. Orhan Kaya, ICBC Turkey SAVE YOURSELF SHOWCASE YOUR INCREASE TIME AND MONEY EXPERTISE IN THE REGION AWARENESS get the attendee list 2 weeks by presenting a case study by taking an exhibition space before the event so you can to a room full of potential and demonstrating your pre-arrange meetings. clients. products and services. WIN MORE INCREASE YOUR BUSINESS BRANDS PRESENCE packages include a number through the numerous of staff passes so you can branding opportunities cover more clients.
    [Show full text]
  • Anadolu Hayat Emeklilik A.Ş
    ANADOLU HAYAT EMEKLİLİK A.Ş. INDEPENDENT AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2004 Translated into English from the Original Turkish Report To the Board of Directors of Anadolu Hayat Emeklilik A.Ş. İstanbul ANADOLU HAYAT EMEKLİLİK A.Ş. INDEPENDENT AUDITORS' REPORT FOR THE PERIOD 1 JANUARY 2004 - 31 DECEMBER 2004 1. We have audited the accompanying balance sheet of Anadolu Hayat Emeklilik A.Ş. (the “Company”) as of 31 December 2004 and the related statement of income for the year then ended. These financial statements are the responsibility of the Company’s management. As an independent auditor, our responsibility is to express an opinion on these financial statements based on our audits. 2. According to article 50(a) of the Capital Market Law (VII.), insurance companies have to comply with their own specific laws and regulations in matters of establishment, auditing, supervision, accounting and financial reporting. Therefore, the attached financial statements have been prepared according to the prevailing the Turkish Insurance Auditing Law No. 7397 applicable to Insurance and Reinsurance companies and Individual Retirement, Saving and Investment System Law No. 4632. 3. We conducted our audit in accordance with the Law No. 7397 of the Turkish Insurance Auditing, the Law No. 4632 of Individual Retirement, Saving and Investment System and International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
    [Show full text]
  • Members of the Board of Auditors
    2011 Annual Report 2 3 2011 Annual Report 4 THINK BIG, GET BIGGER. The biggest feature of leaders is thinking big. They work to get bigger everyday with realistic targets combining the visions and dreams. At the base of our numerous success in our pass for 49 years, from the beginning there is strong passion of getting bigger. We think big and get bigger for two years in a row with our qualified human source, right investments, and realistic targets. 5 2011 Annual Report 6 CONTENTS Chairman’s Statement ............................................................ 10 Members of The Board of Directors .................................12 Members of The Board of Auditors ................................. 13 Passenger Transportation ................................................... 14 Cargo Transportation ............................................................ 16 Defence Industry ......................................................................17 Investments and Improvements ...................................... 20 Human Resources ................................................................... 20 Social Responsibilty Works ...................................................21 Expectations from 2012 ..........................................................21 Agenda ...................................................................................... 23 Board of Directors Report ...................................................25 Auditor’s Report ..................................................................... 33 Independent
    [Show full text]
  • Turkey's Largest Capital Markets Event
    Book your place before 5th September to SAVE £200 enter code DM1 at www.BondsLoansTurkey.com Turkey’s largest capital markets event Platinum Sponsors Gold Sponsors Lunch Sponsor Silver Sponsor Bronze Sponsors WELCOME TO Bonds, Loans & Sukuk Turkey 2018 REASONS TO ATTEND 1 Hear global investors’ analysis of the opportunities in the market from: BlueBay, Barings, Manulife 2 Gain an economist’s assessment of Turkey’s macroeconomic fundamentals: Find out which external factors are likely to impact Turkey over the next 2 years 520+ 3 Discover how issuers are hedging against FX volatility, attendees and what companies are doing with existing hard 95% currency debt Director level 4 Uncover which markets offer borrowers and issuers or above the best options, hear from: Medical Park, Vakıf Emeklilik, Bank ABC, HSBC and Emirates NBD 5 Network with 520+ senior stakeholders from the Turkish Capital Markets: 95% are Director level or above 63% Corporate & Bonds, Loans & Sukuk Turkey is a fantastic event where I can see many financial institutions and colleagues from all over the world. It also FI Issuers and provides a useful market update, covering the latest developments in the Borrowers, Turkish Capital Markets. 70+ Muzaffer Aksoy, Bank ABC Investors and speakers 2 Government Senior Level Speakers include Semih Ergür, Naz Masraff, Timothy Ash, Murat Ucer, Chief Executive Officer, Director of Europe, Senior EM Sovereign Strategist, Economist, IC Holding Eurasia Group BlueBay Asset Management GlobalSource Partners Burcu Ozturk, Burcu Geris Richard
    [Show full text]
  • Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP
    Global Equity Fund June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA MICROSOFT CORP 2.5289% 2.5289% APPLE INC 2.4756% 2.4756% AMAZON COM INC 1.9411% 1.9411% FACEBOOK CLASS A INC 0.9048% 0.9048% ALPHABET INC CLASS A 0.7033% 0.7033% ALPHABET INC CLASS C 0.6978% 0.6978% ALIBABA GROUP HOLDING ADR REPRESEN 0.6724% 0.6724% JOHNSON & JOHNSON 0.6151% 0.6151% TENCENT HOLDINGS LTD 0.6124% 0.6124% BERKSHIRE HATHAWAY INC CLASS B 0.5765% 0.5765% NESTLE SA 0.5428% 0.5428% VISA INC CLASS A 0.5408% 0.5408% PROCTER & GAMBLE 0.4838% 0.4838% JPMORGAN CHASE & CO 0.4730% 0.4730% UNITEDHEALTH GROUP INC 0.4619% 0.4619% ISHARES RUSSELL 3000 ETF 0.4525% 0.4525% HOME DEPOT INC 0.4463% 0.4463% TAIWAN SEMICONDUCTOR MANUFACTURING 0.4337% 0.4337% MASTERCARD INC CLASS A 0.4325% 0.4325% INTEL CORPORATION CORP 0.4207% 0.4207% SHORT-TERM INVESTMENT FUND 0.4158% 0.4158% ROCHE HOLDING PAR AG 0.4017% 0.4017% VERIZON COMMUNICATIONS INC 0.3792% 0.3792% NVIDIA CORP 0.3721% 0.3721% AT&T INC 0.3583% 0.3583% SAMSUNG ELECTRONICS LTD 0.3483% 0.3483% ADOBE INC 0.3473% 0.3473% PAYPAL HOLDINGS INC 0.3395% 0.3395% WALT DISNEY 0.3342% 0.3342% CISCO SYSTEMS INC 0.3283% 0.3283% MERCK & CO INC 0.3242% 0.3242% NETFLIX INC 0.3213% 0.3213% EXXON MOBIL CORP 0.3138% 0.3138% NOVARTIS AG 0.3084% 0.3084% BANK OF AMERICA CORP 0.3046% 0.3046% PEPSICO INC 0.3036% 0.3036% PFIZER INC 0.3020% 0.3020% COMCAST CORP CLASS A 0.2929% 0.2929% COCA-COLA 0.2872% 0.2872% ABBVIE INC 0.2870% 0.2870% CHEVRON CORP 0.2767% 0.2767% WALMART INC 0.2767%
    [Show full text]
  • Reaching out to the Future
    Reaching out to the future ANNUAL REPORT 2015 2 1 INTRODUCTION 4 Report of the Board of Directors and Message from the Chairman 6 Message from the General Manager 8 Aygaz in Figures 10 Financial and Operational Outlook 12 Subsidiaries & Affiliates 14 Vision, Mission and Strategy 16 2015: The Year of High Performance 18 Corporate History OPERATIONS IN 2015 22 2015: At a Glance 36 Subsidiaries 38 Affiliates 40 Human Resources SUSTAINABLE GROWTH 44 Quality, Environment Work Health and Safety 45 Research and Development SOCIAL RESPONSIBILITY 46 Social Responsibility Projects CORPORATE GOVERNANCE 50 Risk Management and Internal Control 52 Investor Relations 55 Corporate Governance Principles Compliance Report 62 Legal Disclosures 64 Board of Directors 66 Executive Management 68 Agenda of the Annual General Assembly Meeting 69 Proposal of the Board of Directors for Profit Distribution 70 Statements of Independence of the Independent Board Members 71 Profit Distribution Policy 71 Remuneration Policy for the Board of Directors and Senior Management 72 Independent Auditors’ Report on Annual Report CONSOLIDATED FINANCIAL STATEMENTS 75 Independent Auditors’ Report 76 Consolidated Financial Tables 81 Notes to the Audited Consolidated Financial Statements Reaching out to the future The story of Aygaz is your story. It is the story of new lives, establishing themselves with great expectations in the young Republic’s developing cities… Fifty-five years ago we entered into your homes with only a spark to accompany those expectations and we quickly became an important part of your days and nights. Soon after, we became food, light, and heat for millions of homes. Then, we established a huge presence, all originating from that single spark.
    [Show full text]
  • Koç Group Sustainability Report 2019 Contents
    Koç Group Sustainability Report 2019 Contents 3 About the Report 4 Ömer M. Koç / Chairperson’s Letter 35 Act for the planet. Together 5 Levent Çakıroğlu / CEO’s Letter 38 Climate Change 6 Koç Group At a Glance 39 Improving our Energy Efficiency 7 Our Manifesto 40 Managing Water Risks 9 Pathway to Lead. Together 41 In Practice: Addressing Climate Change Impacts 11 Delivering the UN Sustainable Development Goals 42 Waste Management 43 In Practice: Business Plastics Initiative 12 Grow the business. Together 44 In Practice: Circular Economy and Tackling Plastic Wastes 14 Digital Transformation 45 Biodiversity 16 In Practice: KoçDigital & KoçDigital Academy 17 In Practice: BotGen & Yapı Kredi Bank Whatsapp Service 46 Strengthen communities. Together 18 Privacy and Cybersecurity 47 Strengthen Communities. Together 19 Innovation 48 In Practice: For My Country: I Design the Future 20 Koç Innovation Program 49 In Practice: Investing in 21st Century Skills in Vocational Training 21 In Practice: Office-Free Renting 50 Gender Equality 22 Suppliers and Distributors 51 In Practice: Partnering with HeForShe Impact 10x10x10 Initiative 23 Empower people. Together 52 Corporate Governance and Risk Management 25 Koç Group Employees in 2019 54 Sustainability Governance across Koç Group 26 Future Talent 57 Making It Happen with Stakeholders 27 Talent Management 61 Materiality Analysis 29 In Practice: Personal Development Program 63 Performance Indicators 30 In Practice: Agile Transformation 63 Social Performance Indicators 31 Diversity and Inclusion 64 Environmental Performance Indicators 32 In Practice: AI Female Talent 65 GRI Content Index 33 Performance Management 34 Health and Safety Koç Group Sustainability Report 2019 2 About the Report Our 2019 Sustainability Report is prepared to share our indicators.
    [Show full text]
  • İşyeri Numarası İşyeri Adı Adres Açıklama İlçe Adı İl Adı 2837003 TAŞPINAR PETROL SAN.TİC.A.Ş. E-5 KARAYOLU
    İşyeri Numarası İşyeri Adı Adres Açıklama İlçe Adı İl Adı 2837003 TAŞPINAR PETROL SAN.TİC.A.Ş. E-5 KARAYOLU ÜZERİ TAŞPINAR PE TROL POZANTI ADANA 4940003 KILINÇ PETROL TİC.SAN.LTD/POAŞ İNÖNÜ BULVARI SANAYİ SİTESİ GİRİŞİ CEYHAN ADANA 9410002 DOĞU KARDEŞLER PETROL/POAŞ FATİH SULTAN MEHMET BULV. NO:244 İMAMOĞLU ADANA 9421009 BAHADIRLAR SAN.TİC.LTD.ŞTİ. İNCEDERE MEVKİİ ALADAĞ YOL KAV ŞAĞI İMAMOĞLU ADANA 9427006 YÜKSEL PETROL FATİH SULTAN MEHMET BULVARI NO:296 İMAMOĞLU ADANA 13481007 KAYMAZOĞLU PETROL ÜRÜNLERİ ŞEVKİYE MAH. REMZİ OĞUZ ARIK BUL. NO:24 KOZAN ADANA 31939002 BOZÇALAR PETROL ÜRÜN.A.Ş. YUMURTALIK YOLU ÜZERİ CEYHAN CEYHAN ADANA 41275009 KARACA AKARYAKIT OTOM.GIDA SOFULU BELDESİ KOZAN YOLU ÜZERİ NO:294 YÜREĞİR ADANA 41275017 KARACA AKARYAKIT LTD.ŞTİ. ADANA KOZAN YOLU ÇIKIŞI YÜREĞİR ADANA 46476016 MERCİMEKLER PETROL ÜRÜNLERİ MUSTAFA KEMAL PAŞA BULVARI SERİNEVLER PTT KAVŞAĞI NO:333 YÜREĞİR ADANA 46476024 MERCİMEKLER PETROL LTD ŞTİ M.KEMAL PAŞA BULV. NO.333 YÜREĞİR ADANA 47034004 ÖZEZEN PETROL ÜRÜNLERİ AKKAPI MH. ŞEYH CEMİL CD. NO:90 SEYHAN ADANA 47567003 YUSUF BAYSAL OTOMOTİV SANAYİ ADANA CAD. NO:541 KOZAN ADANA 47567011 YUSUF BAYSAL OTOM.SANAYİ TUFANPAŞA MAH. ZÜBEYDE HANIM CAD. NO: 128 KOZAN ADANA 47686001 DOPTAŞ DOĞAN OTOMOTİV A.Ş. FEVZİPAŞA MAH. TURHAN CEMAK BERİKER BUL. NO: 642 SEYHAN ADANA 47766001 ÇAĞLAR İNŞ.YAPI MLZ.SAN.TİC.LT TURGUT ÖZAL BULV. RUH SAĞLIĞI KARŞISI YÜREĞİR ADANA 47766027 ÇAĞLAR İNŞ YAPI MALZ LTD ŞTİ TURGUT ÖZAL BULV. NO.249/A SEYHAN ADANA 47873005 GÜNTEK PETROL ÜRÜN.LTD.ŞTİ. NAMIKKEMAL MAH. MÜCAHİTLER BLV.NO:118 SEYHAN ADANA 47873013 GÜNTEK PET ÜR LTD ŞTİ MÜCAHİTLER BULV.
    [Show full text]
  • WOOD's Winter in Prague
    emerging europe conference WOOD’s Winter in Prague Tuesday 5 December to Friday 8 December 2017 Please join us for our flagship event - now in its6th year - spanning 4 jam-packed days. We expect to host over 160 companies representing more than 15 countries. Click here ! For more information please contact Registration closes your WOOD sales representative: Tuesday: Energy, Industrials and Materials Warsaw +48 222 22 1530 Wednesday: TMT and Utilities on 10 November! Prague +420 222 096 453 Thursday: Consumer, Healthcare and Real Estate London +44 20 3530 7685 Friday: Diversified and Financials [email protected] Invited Companies by country Bolded confirmed Austria Iraq PGE PIK Lokman Hekim AT & S DNO PGNiG Polymetal International Migros Ticaret Atrium Genel Energy PKN Orlen Polyus Otokar BUWOG Kazakhstan PKO BP Raven Russia Pegasus Airlines DO&CO KMG EP PKP Cargo Rosneft Petkim Erste Group Bank Nostrum Oil & Gas Prime Car Management Rostelecom Reysas REIT Immofinanz Steppe Cement PZU Rusal Sabanci Holding OMV Lithuania Synthos Severstal Sisecam PORR Siauliu Bankas Tauron Sistema Tat Gida Raiffeisen International Poland Warsaw Stock Exchange Surgutneftegas TAV Strabag Agora Wirtualna Polska Tatneft Tekfen Holding Telekom Austria Alior Bank Work Service Tinkoff Bank Teknosa Uniqa Insurance Group Amica Romania TMK Torunlar REIC Vienna Insurance AmRest Banca Transilvania TransContainer Tofas Warimpex Asseco Poland Bucharest Stock Exchange VTB TSKB Croatia Bank Millennium Conpet X5 Tumosan Podravka Bank Pekao DIGI Yandex Turcas Petrol Czech
    [Show full text]
  • 2020 Yıllık Faaliyet Raporu
    AYGAZ 2020 FAALİYET RAPORU SUNUŞ 4 Olağan Genel Kurul Toplantısı’nın Gündemi 5 Yönetim Kurulu’nun Yıllık Faaliyet Raporu’na İlişkin Bağımsız Denetçi Raporu 6 Yönetim Kurulu Raporu ve Başkan’ın Mesajı 8 Genel Müdür’ün Mesajı 10 Rakamlarla Aygaz 12 Finansal ve Operasyonel Görünüm 14 Bağlı Ortaklıklar ve İştirakler 16 Vizyon, Misyon ve Stratejik Öncelikler 18 2020’de Neler Oldu? 20 Kurumsal Tarihçe 2020 YILI FAALİYETLERİ 24 2020 Yılına Bakış 44 Bağlı Ortaklıklar 48 İştirakler SÜRDÜRÜLEBİLİR BÜYÜME 52 Sürdürülebilirlik İlkelerine Uyum ve Beyanı 54 Sürdürülebilirlik İlkelerine Uyum Çerçevesi 56 Sürdürülebilir Büyüme 57 Sürdürülebilirlik Raporlaması 58 Sürdürülebilirlik Yönetimi 58 Paydaşlarla İletişim 60 İnsan Kaynakları 68 Kalite, Çevre, İş Sağlığı ve Güvenliği 76 İnovasyon ve Fikri Haklar 77 Araştırma-Geliştirme 78 Toplumsal Sorumluluk KURUMSAL YÖNETİM 82 Risk Yönetimi ve İç Denetim 84 Yatırımcı İlişkileri 86 Kurumsal Yönetim İlkelerine Uyum Beyanı, Raporları ve Bilgi Formu 106 Hukuki Açıklamalar 110 Yönetim Kurulu 112 Yönetim 114 Yönetim Kurulu Kâr Dağıtım Teklifi 115 Bağımsız Yönetim Kurulu Üyelerinin Bağımsızlık Beyanları 116 Kâr Dağıtım Politikası 116 Yönetim Kurulu Üyeleri ve Üst Düzey Yöneticiler için Ücret Politikası 117 Sorumluluk Beyanı KONSOLİDE FİNANSAL TABLOLAR 120 Bağımsız Denetçi Raporu 124 Konsolide Finansal Tablolar 130 Konsolide Finansal Tablolara İlişkin Dipnotlar “Her işin başında sağlığın geldiğini hiçbir zaman aklınızdan çıkarmayın. Sağlık varsa her şey olabilir, yoksa hiçbir şey olamaz.” Vehbi Koç Kurucu İlk günden bu yANA YENİLİKÇİ VE CESUR. DAHA İYİ BİR GELECEK İÇİN DİNAMİK VE ÇEVİK. HER ANDA VE HER DURUMDA GÜÇLÜ VE DAYanıklı. Önce yeniliğe, değişime atılan adımın kıvılcımı olduk. Sıcacık bir ışık olarak yenilik getirdik evlere. Her koşulda öncü olmak için çalıştık.
    [Show full text]