PASHA BANK ENG 20

PASHA Yatırım Bankası A.Ş. Notes to Unconsolidated Financial Statements at 31 December 2020 (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) 11. Information on hedging derivative financial assets None (31 December 2019 - None). 12. Information on property and equipment Immovable /Land Vehicles Right of use assets Other Tangible Fixed Assets Total Prior Period Cost 97,768 1,628 238 7,623 107,257 Accumulated Depreciation (-) (14,921) (213) (97) (1,788) (17,019) Net Book Value 31 December 2019 82,847 1,415 141 5,835 90,238 Current Period Net Book Value: 31 December 2019 82,847 1,415 141 5,835 90,238 Additions - - 107 753 860 Transfers - - - - - Disposals (-), cost - - - (16) (16) Disposals (+), accumulated depreciation - - - 1 1 Depreciation (-) (575) (310) (87) (1,233) (2,205) Impairment - - - - - Net Book Value: 31 December 2020 82,272 1,105 161 5,340 88,878 Cost at Period End 97,768 1,628 345 8,360 108,101 Accumulated Depreciation at Period End (-) (15,496) (523) (184) (3,020) (19,223) Net Book Value: 31 December 2020 82,272 1,105 161 5,340 88,878 Immovable /Land Vehicles Other Tangible Fixed Assets Total Prior Period Cost - 625 2,772 3,397 Accumulated Depreciation (-) - (21) (1,001) (1,022) Net Book Value 31 December 2018 - 604 1,771 2,375 Current Period Net Book Value: 31 December 2018 - 604 1,771 2,375 Additions 11,289 1,003 5,089 17,381 Transfers (1) 72,190 - - 72,190 Disposals (-), cost - - - - Disposals (+), accumulated depreciation - - - - Depreciation (-) (632) (192) (884) (1,708) Impairment - - - - Net Book Value: 31 December 2019 82,847 1,415 5,976 90,238 Cost at Period End 97,768 1,628 7,861 107,257 Accumulated Depreciation at Period End (-) (14,921) (213) (1,885) (17,019) Net Book Value: 31 December 2019 82,847 1,415 5,976 90,238 (1) As of 31 December 2019, the Bank reclassified net TL 72,190 to its own used buildings and land from investment properties. 202 Annual Report 2020 PASHA Bank Year-End Financial Report