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) 15. Information on 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 2020, the Bank calculated deferred tax asset amounting TL 13,476 and reflected this amount to the financial statements (31 December 2019 - 15,628 TL 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. 31 December 2020 31 December 2019 Temporary Differences of Deferred Tax Base Deferred Tax Amount Temporary Differences of Deferred Tax Base Deferred Tax Amount Provision for employee benefits 808 162 551 121 Expected credit losses 33,986 6,797 33,927 7,464 Other provisions 4,461 980 2,637 580 Tangible and intangible assets 26,403 5,281 31,321 6,891 Derivatives 1,430 286 - - Other 2,547 509 2,804 617 Deferred Tax Asset 69,635 14,015 71,240 15,673 Derivatives (493) (99) (132) (29) Other (852) (170) (73) (16) Deferred Tax Liability (1,345) (269) (205) (45) Deferred Tax Asset/ (Liability), net 68,290 13,746 71,035 15,628 16. Information on assets held for resale and discontinued operations None (31 December 2019 - None). 17. Information on other assets As of 31 December 2020, other assets amount to TL 20,639 (31 December 2019- TL 12,121) and do not exceed 10% of total balance sheet except off balance sheet commitments. 204 Annual Report 2020 PASHA Bank Year-End Financial Report