Sale of Tangible Fixed Asset | 17/11/2011

17.11.2011

About the Use of Profit Gained from Real Property Sale.

Type of the Tangible Fixed Asset that is Sold : Real Property
Address and Surface Area of the Tangible Fixed Asset that is Sold : The Real Property at the City of Hatay, County of İskenderun, Village of Düğünyurdu, parcel numbered 2402.
Date of the Resolution of the Board of Directors on the Sale : 28.09.2011
Total Sale Value : 5.252.000 TL
Ratio of the Sale Value to the Company’s Paid-in Capital (%) : 0.66
Ratio of the Sale Value to the Total Assets in the Company’s Most Recently Publicly Disclosed Financial Statement (%) : 0.06
Ratio of the Sale Value to the Net Value of the Tangible Fixed Assets in the Company’s Most Recently Publicly Disclosed Financial Statement (%) : 57.54
Conditions of the Sale : Cash
Sale Transactions are Concluded / will be Concluded at : 31.10.2011
Purpose, and Effect on the Company Activities, of the Sale : This is a transaction for the sale of the real property which is being tracked in the ‘Assets to be Disposed’ and has no effect on the activities.
Amount of the Profit / Loss gained from the Sale of Tangible Fixed Asset : 4.451.609,87 TL (Profit)
How to make use of the Sale Profit, if any? : The Real Property Sale Profit gained in accordance with the provisions of Tax Procedures Code is 4.451.609,87T.L. and our Bank’s Board of Directors has resolved that 75% of such amount that is equivalent to 3.338.707,40 T.L. shall be hold under a special account in liabilities within the frame of the Corporate Tax Code, Article 5(1)e, to be used for capital increase in case of any necessity.
Date of the Resolution of the Board of the Directors on the how to make use of the Sale Profit : 16.11.2011
Counter Party : Yusuf Dönmez-Özcan Aslan
Quality of the Relationship with the Counter Party : No Relationship
Method for Assessment of the Value of the Tangible Fixed Asset : Assessment Report
Whether an Assessment Report is issued, or not : It is issued
If not, what is the reason of it? : -
If an Assessment Report is issued, then Amount found at the conclusion of the Report : 3.400.000 TL
If the sale transaction could not / will not be concluded in accordance with the Results of Assessment Report, then the reason of it : -

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