PASHA BANK ANNUAL REPOT 2024

EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) I. EXPLANATIONS AND NOTES RELATED TO ASSETS (Continued) 13. Information on intangible assets Current Period Prior Period Net Book Value at the beginning of the Period 19,762 11,648 Additions 9,308 13,798 Disposals(-), net (419) - Depreciation (-) (7,357) (5,684) Closing Net Book Value 21,294 19,762 14. Information on investment property: The Bank completed the title deed transfer process on 18 June 2018 and classified the real estate whose usage right has been transferred to the Bank as investment property. Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at cost model in accordance with TAS 40 “Investment Property”. Current Period Prior Period Beginning balance, Net 201,660 170,217 Additions (+) 443 - Disposals (-), net - - Reversal of Provision for Impairment - - Depreciation (-) (1,352) (1,347) Transfers, net (2) 7,736 32,790 Current period end balance, Net (1) 208,487 201,660 (1) As of 31 December 2024, the fair value of the bank’s investment property is TL 1,107,145 (31 December 2023: TL 786,090). The fair value has been determined based on the arithmetic average of the values identified by independent valuation companies. (2) Transferred from owner-occupied property to investment property. 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 2024, the Bank calculated deferred tax asset amounting TL 398,884 and reflected this amount to the financial statements (31 December 2023 - TL 292,532 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. In accordance with the provisional 33 rd article of the Tax Procedure Law, the tax effects arising from the inflation adjustment of corporate tax have been included in the deferred tax calculation in the financial statements as of 31 December 2024. 228 PASHA Yatırım Bankası A.Ş. Notes to the Unconsolidated Financial Statements As of and for the Year Ended 31 December 2024 (Continued) PASHA Bank 2024 Annual Report (Convenience translation of publicly announced financial statements originally issued in Turkish) (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)