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) The movement of employee termination benefits is shown below 31 December 2020 31 December 2019 Balance at the Beginning of the Period 152 219 Provisions Recognised During the Period 74 (67) Balance at the end of the period 226 152 In addition, as of 31 December 2020, the Bank have unused vacation provision of TL 582 (31 December 2019 - TL 399). 10. Information on taxes payable: a. Information on current year tax liability i. Information on tax provision The Bank recognized TL 2,377 as current tax liability as of 31 December 2020 (31 December 2019 - TL 798). ii. Information on taxes payable 31 December 2020 31 December 2019 Corporate Tax Payable 2,377 798 Taxation on Marketable Securities 10 14 Property Tax - - Banking Insurance Transaction Tax 682 484 Foreign Exchange Transaction Tax - - Value Added Tax Payable 78 72 Other 388 349 Total 3,535 1,717 iii. Information on premium payables 31 December 2020 31 December 2019 Social Security Premiums - Employee 122 104 Social Security Premiums - Employer 136 117 Bank Social Aid Pension Fund Premium- Employee - - Bank Social Aid Pension Fund Premium - Employer - - Pension Fund Membership Fees and Provisions - Employee - - Pension Fund Membership Fees and Provisions - Employer - - Unemployment Insurance - Employee 9 7 Unemployment Insurance - Employer 17 15 Other - - Total 284 243 11. Information on deferred tax liability Explanations on the taxation of the Bank are presented in Section Five in related explanations and notes. 12. Information on liabilities for assets held for sale and assets of discontinued operations None (31 December 2019 - None). Annual Report 2020 PASHA Bank Year-End Financial Report 207