PASHA_BANK ANNUAL REPORT 2021

211 Annual Report 2021 PASHA Bank (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) PASHA Yatırım Bank A.Ş. Notes to Unconsolidated Financial Statements At 31 December 2021 EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) 15. Information on deferred tax asset The Bank calculates deferred tax asset or liability on the differences between the applied accounting policies and valuation bases and tax legislation that comes from timing differences and reflects the amount on the financial statements. As of 31 December 2021, the Bank calculated deferred tax asset amounting TL 13,020 and reflected this amount to the financial statements (31 December 2020 - TL 13,746 deferred tax asset). In the situation that the difference between the book value and value subject to tax of the assets that are subject to deferred tax is related to equity accounts, deferred tax asset or liability is netted with the relevant accounts in this group. Current Period Prior Period Temporary Differences of Deferred Tax Base Deferred Tax Amount Temporary Differences of Deferred Tax Base Deferred Tax Amount Provision for employee benefits 1,349 270 808 162 Expected credit losses 57,564 11,513 33,986 6,797 Other provisions 3,149 781 4,461 980 Tangible and intangible assets 19,829 3,966 26,403 5,281 Derivatives 114 23 1,430 286 Other 7,098 1,420 2,547 509 Deferred Tax Asset 89,103 17,973 69,635 14,015 Derivatives (13,604) (2,721) (493) (99) Other (11,161) (2,232) (852) (170) Deferred Tax Liability (24,765) (4,953) (1,345) (269) Deferred Tax Asset/(Liability), net 64,338 13,020 68,290 13,746 16. Information on assets held for resale and discontinued operations None (31 December 2020 - None). 17. Information on other assets As of 31 December 2021, other assets amount to TL 22,533 (31 December 2020- TL 20,639) and do not exceed 10% of total balance sheet except off balance sheet commitments.