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) 13. Information on intangible assets 31 December 2020 31 December 2019 Net Book Value at the beginning of the Period 6,077 1,274 Additions 2,660 5,707 Disposals (-), net - - Depreciation (-) (1,888) (904) Closing Net Book Value 6,849 6,077 14. Information on investment property: The Bank has purchased a real estate classified as investment property as of balance sheet date with the deed transfer process has completed as öof 18 June 2018. Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at fair value in accordance with TAS 40 “Investment Property”. 31 December 2020 31 December 2019 Beginning balance, Net 145,599 218,333 Additions (+) - 580 Disposals (-), net - - Impairment (-) - - Depreciation (-) (737) (1,124) Transfers (1) - (72,190) Transfer of the cost to buildings and land - (86,479) Transfer of the accumulated depreciation to buildings - 136 Transfer of the impairment to buildings and land - 14,153 Current period end balance, Net (2) 144,862 145,599 (1) As of 31 December 2019, the Bank reclassified net TL 72,190 to its own used buildings and land from investment properties. (2) As of December 2020, the fair value of investment property is TL 153 million. Annual Report 2020 PASHA Bank Year-End Financial Report 203