//
you're reading...
Politics, Congress, Investigation, Republicans, FBI, internet, health, Economy, Education, Wikipedia, local news, Press Release, Justice Department, Democrats, meta, Fraud, National News, Environment

2007 Denizbank Audit Report, the possibility Russian state-owned and sanctioned bank; Sberbank is a Partner in Donald Trump’s, Trump Towers Istanbul

Before Russia’s state bank, Sberbank purchased Denizbank; an 2007 audit shows that Denizbank had a partnership and bonus shares with Donald Trump business partner, Dogan Holding.  If that partnership and shares were never sold it would mean that the state-owned Russian bank, Sberbank is also partners with Donald Trump.  In 2010 Dogan Holding and Donald Trump created in Turkey the Trump brand and called it ‘Trump Towers Istanbul’.

Donald Trump’s Turkish business partner Dogan Holding manages and is located in Trump Towers Istanbul, while Donald Trump collects here in the U.S.

In 2012 Russia’s state owned bank, Sberbank became official owner of the private-Turkish bank, Denizbank.  As mention in the image, there are 469 Denizbank branches in Turkey but it is the Russian bank, Sberbank that is owner.

Previous Blog: Donald Trump ‘Brand’ benefits from Russia’s Sberbank Denizbank; Customers get Retirement Bonuses Points, Discounts, and Privileges for visiting Restaurants or staying in Trump Towers Istanbul

Sberbank’s sanctions came in 2014 after President Obama proposed them because of Russian President Vladimir Putin’s involvement in the violence of Ukraine.

Below I have included two translations of that 2007 Turkish audit.  I have included an enlarged translated text version of one I saved as a pdf.  Due to the small size I pasted the enlarged text version because of the extremely small text when translated and copied into a document file.

Also included is the original audit in a pdf untranslated.

Text where it mentions Dogan I have included screen shot of the untranslated version above it.

Page 1
Denizbank Anonim Şirketi

Type A IMKB National 100 Index Fund

As of December 31, 2006

Sona Eren Yil Ait Financial Tables and

Independent Audit Report

Akis Independent Audit and Freedom

Accountant Financial Consultancy

Joint Stock Company

February 16, 2007

This report has 14 pages.

Page 2
Akis Independent Audit and Free Telephone +90 (212) 3177400

Accountant Finance Consultancy Inc. Fax +90 (212) 317 7300

Yapı Kredi Plaza C Blok Kat 17 Internet http://www.kpmg.com.tr

Buyukdere Caddesi

Levent 34330 Istanbul

Denizbank Anonim Şirketi

Type A IMKB National 100 Index Fund

Sona Eren on December 31, 2006

Yile Ait

Independent Audit Report

Denizbank Anonim Şirketi, Type A ISE National 100 Index Fund (“Fund”) as of 31 December 2006

the balance sheet, income table, total fund value and fund portfolio value

the summary of significant accounting policies and the footnotes. December 31 of the Fund

The balance sheet, fund portfolio value and fund total value tables prepared as of 2005,

the independent audit of the accounts reports consisting of the income statement of the year is carried out by another independent auditing company

in which the auditing company, in its independent audit report dated February 2, 2006,

He expressed favorable opinion on the financial statements as of December 31, 2005.

Responsibility of the Founder in relation to Financial Tables

The founder is responsible for the accounting and financial reporting of the financial statements issued by the Capital Markets Board

to be prepared according to valuation regulations and to be presented in an honest manner. This responsibility,

in such a way that the financial statements do not contain errors and / or fallacies and irregularities

and to ensure that it reflects the truth in an honest way, the necessary internal control system

application and maintenance of the accounting estimates required by the circumstances,

and the selection of appropriate accounting policies.

Responsibility of the Independent Audit Institution

Our responsibility is to express an opinion on these financial statements based on our audit.

It is to inform. We have audited the accompanying unconsolidated audit standards issued by the Capital Markets Board

lt; / RTI & gt; These standards include compliance with ethical principles and independent auditing,

provide reasonable assurance that the texts reflect the truth in a correct and honest manner

to be carried out.

We audit the independent auditors for the amounts and footnotes in the financial statements

the use of independent auditing techniques. Selection of independent audit techniques,

including whether the financial statements are due to errors and / or fraud or irregularities

as well as the risk assessment of whether or not it involves material misstatement

according to our opinion. In assessing this risk, consider the fund’s internal control system

It has been taken. Our aim, however, is not to give an opinion on the effectiveness of the internal control system,

in order to design audit techniques in accordance with the circumstances, financial authorities

the relationship between the tables and the internal control system. Our independent audit, as well as funding authorities

the accounting policies adopted by the Group and the significant accounting estimates made and the financial statements

the evaluation of the appropriateness of the presentation as a whole.

Independent audit evidence we have obtained during the independent audit

we believe that it is a sufficient and appropriate basis.

Akis, Independent Auditing and Serbest.Muhasebeci Mali Müşavirlik AS,

a Turkish corporation and a member firm of the KPMG network of independent

member firms affiliated with KPMG International, a Swiss Cooperative,

Page 3
Opinion

According to the interview, the evaluation of the fund portfolio, calculation of total value of funds and unit share value

the regulations of the Capital Markets Board on mutual funds and the internal rules of the Fund

conformity with the provisions of the accompanying financial statements present fairly, in all material respects, the financial position of the Group as of 31 December 2006

and the financial performance of the year ending on the same date are determined by the Capital Markets Board

in a fair and honest manner within the framework of accounting and appraisal regulations on mutual funds

It reflects.

Istanbul, Akis Independent Audit and Freedom

February 16, 2007 Accountant Accounting Consultancy Inc.

Althuser

Murat Alsan

Responsible Partner, Chief Auditor

Page 4
That

Contents

Independent Audit Report

Detailed Balance Sheet

Detailed Income Table

Fund Portfolio Table

Fund Total Value Table

Sona Eren on December 31, 2006

Footnotes to Financial Statements

Page 5
I – ASSETS

A – Ready Values

1- Chassis

2- Banks

3- Other Liquid Assets

B – Securities

| – Stocks

2- Private Sector Debt Securities

3- Public Bonds, Bills and Bills

4- Other Securities

C- Receivables

D- Other Assets

II – DEBTS

A – Debts

1- Advantages of the Founder

2- Bank Loans

3- Other Liabilities

NET ASSETS TOTAL

III – FON TOTAL VALUE

A – Participation Documents

B – Participation Documents Net Increase / (Decrease)

C – Fund (Revenue Expense Fark

| – Current Year Fund Income. Expense Farkı

2- Past Years Fund Income. Expense Farkı

FON TOTAL VALUE

Denizbank Anonim Şirketi

Type A ISE National 100 Index Fund

As of December 31, 2006

Detailed Balance Sheet

(Currency-New Turkish Lira)

December 31, 2006

5,369,728

5,343, 122

5,160,709

182.413

(6.356)

(6.356)

5,363,372

5,363,372

3,349,051

(321.757)

2,336,078

341.913

1994, 165

5,363,372

Previous period

December 31, 2005

3,533,217

3,493, 132

38.031

(13.061)

(13.061)

(13.061)

3520, IS6

3,520, 156

627 577

898.414

1994, 165

592, 190

140 1975

3,520, 156

FLOW

INDEPENDENT AUDIT V8

SERBES ACCOUNTABILITY

MALI CONSULTANCY INC.

Page 6
Denizbank Anonim Şirketi

Type A ISE National 100 Index Fund

Sona Eren on December 31, 2006

Yile Ait Detailed Income Table

(Currency-New Turkish Lira)

Current Period | Previous period

| January-December 31, 2006 January 1-December 31, 2005

I – FUND INCOME 1942,356 1,154,963

A – Interest and Profit Shares Received from the Portfolio of Securities 171456

1- Private Sector Securities Interest and Profit Shares

Equity Shares | 63,257 | 30,437

Horçlarıncı Sellerleri Interests –

2- Interest and Profit Shares of Public Sector Securities 8,199

3- Other Securities Interest and Profit Shares –

B – Securities Sale Profits 151, 175

1- Sales Profits of Private Sector Securities

Share Seyretleri Sale Carkýrý 151.175

Sales Profits of Borrowers’ Assets –

2- Sales Profits of Public Sector Securities –

3- Sales of Other Securities –

C – Realized Value Increases 1,619,553 903,576

D – Other Income 172 26,946

II – FON EXPENDITURES (1,600,443)

A – Loss on Sale of Marketable Securities (79, 140) (68,053)

1- Sales Losses on Private Sector Securities

Shareholders’ Sales Losses (79, 140) (68,053)

Selling Losses on Debtors’

2- Sales Losses on Public Sector Securities (0)

3- Losses on Sale of Other Securities –

B – Impairment of Assets (1,128,840)

C – Interest Expenses –

| – Bank Advance Interests –

2- Bank Loan Interest Rates –

D – Other Expenses (392,463) (264,787)

1- Issuance Permit Fees –

2-announcement Expenses (1.111) (669)

3- Insurance Fees – –

4- Brokerage Commission Expenses (15,982) (37,697)

5-Notary Fees and Charges (352) (373)

6- Fund Management Fees (180,277) (106,814)

7- Audit Fees (9,963) (7,747)

8- Taxes, Pictures, Mortar and Similar Expenses (49) –

9- Interbank Money Market Commission – –

10 Portfolio Management Fees (180,277) (106,814)

|| Storage Expenses (1,263) (1,908) |

12. Bond Registration Share Expenses (1,028) (693)

13. Other Expenses (2.161) (2,072)

III – FUND INCOME / EXPENSE DIFFERENCE 341,913 600,160

IV – TAX PROVISION – (7,970)

V – FUND INCOME / EXPENSE DIFFERENCE 341,913 592,190

FLOW

FREE FNET *


Page 7
Denizbank Anonim Şirketi

Type A ISE National 100 Index Fund

As of December 31, 2006

Fund Portfolio Table

(Unit – New Turkish Lira)

Nominal Ray

Value

Nominal Accuracy

Variable%

| – SHARE CERTIFICATES 865,432 5,160,709 481,218 3,493, 133

A – Company Participations and Shareholders – – 3,950 34,563

1- Denizbank AŞ 3.950 34.563

B – Other Partnerships 865,432 5,160,709 477,268 3,458,570

1- Akbank TAŞ 54,664 470, 107 30,573 336,303

2- Akçamsa Cement Industry and Trade Inc. 10,396 88,360 7,358 60,335

3- Aksigorta AŞ 15.715 84.075 5.800 59.740

4- Anadolu Anonim Türk Sigorta Şirketi 22,827 53,871 12,186 44,113

5- Anadolu Efes Brewery and Malt Sanayii AŞ 4.974 217,613 2,851 107,625

6- Arçelik AS | 1312 94,455 6,500 61,100

7- Aygaz AŞ 16,572 66,287 9,917 59,998

8- CarrefourSa AŞA Group – 7 – –

9- Carrefour SA AŞ B Group | | () –

10- Çimsa Cement Industry and Trade Inc. 4,401 40,049 5,891 56,259

11- Doğan Şirketler Grubu Holding AŞ 56.877 126.837 17.935 78914

12- Doğan Yayın Holding AŞ 21.529 107.215 12,881 68,914

13- Doğuş Otomotiv Servis ve Ticaret AŞ 3,746 21,352 – –

14- Enka İnşaat ve Sanayi AŞ 9,661 145,881 2,508 42, 126

15- Ereğli Iron and Steel Plants TAS 24,253 218,277 | 4,506 | 29,829

16- Finansbank AŞ 48,689 287,266 24,787 148,721

17- Ford Otomotiv Sanayi AŞ 8,743 99675 4,350 5 1,335

18- Fortisbank AŞ (Turkish Foreign Trade Bank Inc.) 18.234 97.370 1 1.001 77.546

19- Hacı Ömer Sabancı Holding AŞ 37.259 206,787 18.205 139.268

20- Hürriyet Gazetecilik ve Matbaacılık AŞ 19.280 72.107 13.410 71.073

21- İş Gayrimenkul Yabrım Ortaklığı AŞ 15.596 45.228 12.759 37.767

22- Koç Holding AŞ 24,058 132,321 18,089 | 14,865

23- Migros Türk TAŞ 9.056 165,724 4,655 60,981

24- Petkim Petrokimya Holding AŞ 12.888 65,729 6,000 47,100

25- Petrol Ofisi AŞ – – 9.000 56.250

26- Tansas Perakende Mağazacılık Ticaret AS – 14,700 33,663

27- Tofaş Türk Otomobil Fabrikası AŞ 17,063 83,608 22,288 63,297

28- Trakya Cam Sanayi AŞ 23,064 89,949 8,643 45,376

29- TEB, 6.200 108,500 –

30- Turkish Airlines A0 4.869 29,701 5,149 43,509

31 – Turkcell İletişim Hizmetleri AŞ 32.802 234.538 | 8,009 147.671

32- Turkey Garanti Bankası A.Ş 86,949 406,921 63,695 312,106

33- Türkiye İş Bankası AŞ (Group C) 75,332 489,660 39,415 461,153

34- Turkish Petroleum Refineries Inc. | 0,156 245,775 7,449 184,735

35- Turkey Bottle and Glass Factory AŞ | 9,492 97,460 | 3,600 63,920

36- Türkiye Vakıflar Bankası TAO 26,510 | 76,292 – –

37- Ülker Gıda Sanayi ve Ticaret AŞ 5,717 21.6 || 4,815 23,498

38- Vestel Electronics Industry and Trade Inc. 6.547 24.089 7,100 35.642

39- Yapı ve Kredi Bankası AŞ 100,000 246,002 21.243 | 33,838

| – STATE GOVERNMENT AND TREASURY BONDS 186,245 182,413 38,920 38,030

A – New Turkish Lira Government Bonds and Bills 186,245 1824,13 38,920 38,030)

B – Foreign Currency State Tally and Bon

| || – FOREIGN BONDS AND BONDS

FUND PORTFOLIO VALUE 1,051,677 5,343, 122 100,00 520, 138 3,531, 163 100,00

Page 8
Denizbank Anonim Şirketi

Type A ISE National 100 Index Fund

As of December 31, 2006

Fund Total Value Table

(Currency – New Turkish Lira)

Fund Portfolio Value

Cash equivalents

Safe

Banks

– Other Liquid Assets

assets

– Other Assets

Debts

Bank credits

Other Liabilities

FON TOTAL VALUE

Total Number of Shares

Number of shares in roaming

Number of Sellable Shares

Participation Certificate Unit Share Value (Full New Turkish Lira)

December 31, 2006

Group || Total

The amount of % %

December 31, 2005

Group || Total

The amount of % %

5,343,122 100 | 99,62 3,531,163

1.201 100 0.02

1.201 100 0.02

25,405 100 (0.47

(6,356) 100 | (0.11) (13,061)

-O 0 = –

(6,356) 100 | (0.11) (13,061)

5,363,372 100,00 3,520, 156

300,000,000) 300,000,000)

200, 633, 500 | 23.619.500)

99.366.500 176,380,500

0.026732 0.028476

WITHOUT AUDIT AND

SERBESK HASEBE:

MALI CONSULTANCY INC.

Page 9
1.1

1.2

1.3

1.4

Denizbank Anonim Şirketi

Type A ISE National 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency – New Turkish Lira unless stated otherwise)

Fund Bilancosu Footnotes

Participation certificate, unit share value, fund total value and share in circulation as of 31 December 2006

number:

Fund total value: 5,363,372 YTL

Number of shares issued: 300,000,000 shares

Number of participation certificates in roaming: 200.633.500 Share

Unit share value: $ 0.026732

Number of issued participation certificates and number of participation certificates returned and received during the period:

Number of participation certificates at the beginning of the period: 123.619.500 Share

During the period;

Number of shares sold: 709,604,000 Share

Returning share number: (632.590.000) Share

Number of shares in circulation at the end of the period: 200.633.500 Share

The duration of the fund is the year of the anniversary:

Founding date July 4, 2001 / public offering date October 15, 2001 The fund is indefinite.

Management of the fund portfolio:

The Fund is entitled to the rights of the owners of the certificate of dissemination and of the certificate of participation according to the principles of faithful property

management, representation and preservation of assets in accordance with the Capital Markets Law

Denizbank A.Ş. (The “founder”). Fund portfolio Deniz Portföy Yönetimi A.Ş. by,

A portfolio management in accordance with the Capital Markets Board (“CMB”) regulations

in accordance with the provisions of the Bylaws of the Fund and the provisions of the Communiqué.

FLOW

* WITHOUT AGE AND

6 ŞERBEŞ (ACCOUNTANT

FINANCIAL CONSULTANCY)

Page 10
Denizbank Anonim Şirketi

Type A ISE 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

1.5

1.6

I. 7

I. 8

1.9

1.9.1

The insurance amount of the securities:

Securities of the Fund, Istanbul Stock Exchange (“ISE”) Settlement and Custody Incorporation

(“Settlement and Custody Bank”).

The “umbrella insurance” application, which covers Takasbank and the members of the Exchange, has been finalized; this |

the application is insured by the ISE and Takasbank,

an insurance system has been introduced in which all the securities kept in its possession are covered by insurance.

There is no separate insurance policy issued in the name of the Fund. |

Information related to matters that arise after the balance sheet date and that are required to be disclosed:

None.

Exchange rates applied in the valuation:

None.

Revenue share prices that are essential for appraisal:

None.

Other matters deemed necessary:

The major accounting policies implemented

General:

The Fund has issued its financial statements in accordance with the CMB’s Communiqué XI / 6

, dated June 19, 1996 and amending this Communiqué

Securities Mutual Funds published in the newspaper, communiqué numbered VII / 10

in accordance with the principles and rules governing the preparation and presentation of financial statements and reports to be issued by

It has prepared.

Realized value increases and decreases:

Fund securities are assessed according to the rules of fund regulation every day

valuation differences arising as a result of the participation,

documents are recorded in the value increase / decrease account. Therefore, valuation differences are only relevant

the security is taken out of hand and, if realized, transferred to income or expense accounts

It is moved.

Participation documents:

In the purchase and sale of participation shares, for each share, the total value of the fund is calculated as the number of shares in circulation

is based on the value obtained by dividing. Sold purchase documents with sales amounts and back

the participation documents received are monitored in the account of the participation documents with the purchase amounts.

FLOW

INDEPENDENT AUDIT AND

7 *:

FINANCIAL CONSULTANCY.

Page 11
Denizbank Anonim Şirketi

Type A ISE 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

Valuation of securities:

As regards the assessment of the fund’s domestic securities, the following provisions

comprising:

O Appraisal is done every business day.

That Fund Portfolio Value is the sum of the values ​​of the assets in the portfolio.

O Portfolios are recorded at purchase prices with purchase prices. Foreign capital market

the purchase price of the instruments, the value of the foreign currency at the date of purchase,

(“CBRT”) by the foreign exchange selling rate.

Assets traded on the stock exchange are valued at the weighted average price and rates

Valued. The valuation price on stock exchanges that are applied to two sessions is the second session weighted average price or

rate is. However, in the scope of the index based on the assets in the fund portfolio

the assets are assessed on the basis of the basis used in the calculation of the index.

ISE small transactions market prices are not considered in the evaluation.

Stock exchange on the day of valuation, with trading on the Bourse |

the stock prices at the last trading day; debt securities, reverse repo and repolar financing

(the discount rate that equals the daily cash inflows to the cash outflows) and the internal rate of return

Evaluated.

Debt securities and repovers whose values ​​can not be determined in the above way are the

portfolio value, the internal rate of return of the capital market vehicle on a daily compound interest basis

is assessed by adding the calculated interest to the principal amount.

Securities issued on foreign currency denominated in foreign currency are sold on the exchange

the foreign exchange selling rate of the foreign currency in which the prices of valuation day are related

.

Revenue partnership bonds and bequest-indexed income partnership bonds and bequest-indexed treasuries

is carried out within the framework of Article 45 of the Notification.

“Fund Total Value” means the value of the fund portfolio if other assets are added and the liabilities

with the exception of the advance given for establishment operations by the Company).

The change in the scope of the underlying index is based on the assumption that dividends

payment of interest, interest-bearing share issuance, increase in amount, cash inflows

growth, return of participation certificates and other reasons

and other issues affecting the monitoring of the index.

such changes shall be made within 30 days to the fund portfolio

Projected. Bonus shares, dividends, interest and dividends received during the period of the Fund.

the days they are taken are included in the total value of the Fund.

“A value of share” means the value of the total value of the fund as the number of shares not covered by the instrument of participation in circulation

. All of the participation certificates issued will be sold until the value of each share,

It is found by dividing the total value of the fund by the total number of shares. Repurchase within this period

number of participants still present in the fund *

INDEPENDENT, AUDIT AND

8 SERBES * ASEBECİ

MALI MUŞAVİRLİK A.Ş

Page 12
Denizbank Anonim Şirketi

Type A IMKB 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

. The purchase and repurchase price of the participation certificates, the share with the number of shares in the document

The value is determined by multiplying the value.

1. | () Conservation of securities:

Assets in the fund portfolio are included in a structured contract within the ISE Settlement and Custody Bank

Inc. It is stored in its place.

2 Fund Income Statement Footnotes

2. I Acquisition dividend:

The dividend income collected during the period is as follows:

Tüpraş-Turkey Petroleum Refineries Inc. 28,667

Akbank TAŞ 19.008

Ford Otomotiv Sanayii AŞ 13,575

Türkiye İş Bankası AŞ 12,734

Türkiye Vakıflar Bankası TAO 12,048

Turkcell Communication Services Inc. 10,432

Akçansa Cement Industry and Trade Inc. 8,701

Doğan Holding AŞ 6,582

Ereğli Iron and Steel Works Inc. 6,007

Türkiye Garanti Bankası AŞ 5,986

Arçelik AŞ 5.831

Anadolu Efes Brewery and Malt Sanayii AŞ 5,422

Trakya Cam Sanayii AŞ 5.103

Çimsa Cement Industry and Commerce Inc. 5,088

Aksigorta AŞ 3,485

Petrol Ofisi AŞ 3.018

HO Sabancı Holding AŞ 2,916

Hürriyet Gazetecilik ve Matbaacilik AŞ 2,552

Tofaş Türk Otomobil Fabrikası AŞ 2,456

Other 3,646

163.257

2.2 Uncollectible principal, interest and dividend amounts:

None.

2.3 Advance and loan interest rates from manager bank:

None.

FLOW

: EN FTİF v.

9 * ASt.8: ”

ALI “SAVIR)

Page 13
Denizbank Anonim Şirketi

Type A ISE 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

2.4 The increase and decrease in income and expense accounts over 25% over the previous year

reasons:

The market is going to be tax cut by the government, the signals that the FED’s interest increases are coming to,

especially in 2006, due to intensive purchases of Turkish securities.

However, since March, domestic concerns about current account deficit have been

, problems with the appointment of the President of the Central Bank and the 2007 general elections

and presidential elections brought uncertainties ahead of sales. Later in Europe,

Declining liquidity in the world as the US and Japan Central Banks enter the interest rate hike process

has led to harsh sales in global markets. Turkey’s high current account deficit and rising

inflation was the market most affected by this sales. This fluctuation until the end of the year

trying to reduce the effects on the market. Positive weather on overseas markets occasionally

Although it affected our markets, the ISE Index completed the year with a low loss.

Investors who entered the flare during the ascension movement in the first months of the year,

They have been on the road for a long time with the fall. The number of shares in roaming with the previous year

the fund price decreased by 6% while it increased by 62%. Depending on these changes and

compared to the last year of the fund income-expenditure awareness due to the negative effect of fluctuation

There was a decrease of 42%.

2.5 Other matters required to be disclosed:

Tax:

Pursuant to Article 2 of the Law on Corporate Income Tax Law No. 5520,

mutual funds institutions taxpayers are established. However, the Act on Corporate Income Tax

(4) of the 8th article and the securities investment funds (foreign exchange mutual funds

) are exempt from corporate taxation.

With the provisional article 67 added to the Income Tax Law by Law No. 5281,

a new taxation system for gains and revenues from securities since

257 Serial Nolu Income Tax General Communiqué dated December 30, 2005

It has been published in the Official Gazette No. 260356.

Securities mutual funds disclosed their portfolio of securities as of December 31, 2005,

then they will track what they buy and sell separately from the securities. Prior to January 1, 2006

the shares acquired and the government bonds and treasury bills issued prior to that date

a portfolio that is created in the process of being removed or held in the process of being held and held and held exempt from corporate tax

If at least 25% of this portion of the portfolio consists of stocks for this part of the earnings

according to Article 94 of the Income Tax Law, as it has been continuing for a long time, 0% (Zero)

and in case of the case, 10% withholding will be applied. The mentioned securities mutual funds, 1

Until July 23, 2006 from January 2006, the issuance / acquisition of securities

portfolio which is obtained by deducting or retaining and which is exempt from corporation tax

shall be subject to withholding at a rate of 15% within the scope of the Temporary 67 nci article.

Dated July 22, 2006 and published in the Official Gazette dated July 23, 2006 and numbered 26237

With the decision of the Council of Ministers numbered 2006/10731 and provisional article 67 of the Income Tax Law No. 193.

Some of the profits included in the article and the withholding rates to be made from revenues.

Securities mutual funds established according to the Law (stock exchange mutual funds, housing finance

funds and asset financing funds) on July 23, 2006

AKBS

INDEPENDENT CONSULTATION) and

| () FREE / ASK

FINANCIAL CONSULTANCY,

Page 14
Denizbank Anonim Şirketi

Type A ISE 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

3. I

3.3

3.4

Tax (continued)

from 10% until 1 October 2006 and 0% from 1 October 2006

.

There is no tax charge.

Fund and portfolio management fees:

The Founding Bank and the management, the management and representation of the Fund and the equipment and personnel allocated to the Fund

and 0,15% of the total value of the fund for each day as a provision of accounting services

(fifteen to fifteen billion) shall be accrued and within one week following the end of each month

50% of this fee is paid to the founding bank and the remaining 50% is paid to the manager.

Footnotes of Fund Portfolio Table

Privileged Shares:

None.

3.2 Bonus Shares Obtained:

The number of bonus shares received during the period is as follows:

Yapı ve Kredi Bankasi AŞ 90,549

Doğan Holding AŞ 28,997

Türkiye İş Bankası AŞ (Group C) 21.524

Hacı Ömer Sabancı Holding AŞ 16,553

Finansbank AŞ 15.093

Akbank TAŞ 12,980

Aksigorta AŞ 10.890

Anadolu Anonim Türk Sigorta Şirketi 7.507

Turkcell İletişim Hizmetleri AŞ 6.793

Trakya Cam Sanayi AŞ 5,162

Enka Construction and Industry Inc. 5, 106

Koç Holding AŞ 3, 132

Akçansa Cement Industry and Trade Inc. 2.421

Aygaz AŞ 1934

Migros Türk TAŞ 1.553

10% of the Total Amount of the Issued Securities:

None.

Securities not quoted on stock exchange exchanges:

None.

to

* GMSİZPNET and

| | SER) is ŞEKEÇ

Page 15
Denizbank Anonim Şirketi

Type A ISE 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

3.5 Other matters required to be disclosed:

3.5.1 Investment Policy:

In the Fund’s Rules of Procedure, the Fund may choose to dispose of capital market instruments

are as follows:

The capital market instruments to be invested in the fund management are the ones

the value of the index based on the calculation framework made in accordance with the formula and the unit share of the fund

The coefficient of correlation between the index and the index is at least 90%

are selected by sampling from the securities. The base index takes into account the dividend in the calculation period

is the ISE National 100 price index. At least 80% of the fund portfolio is based on a continuous basis

it is invested in securities within the scope of ISE National 100 index which is the index. correlation

the coefficient is calculated in the last 3 months in terms of AYs and in the liquidation of the Fund,

the correlation coefficient calculated in the framework of the regulations is taken as basis.

It can not be invested in securities of more than 10% of the portfolio value of the Fund. Investment

the fund alone has more than 9% of the capital or all voting rights in any partnership

no. However, index funds based on the securities in the portfolios of the funds

in the case of such securities, the maximum value that such securities may have in the index

these restrictions do not apply provided that the weight is not exceeded. Fund acquisitions

to participate in the management of any kind of partnership

can not.

O It is the intention to acquire the assets quoted on the stock market in the fund portfolio. Provided that it is quoted on the stock exchange

Securities may also be purchased from public offerings other than the stock exchange. But the builder and the manager

provided that the securities intermediated for public offering other than the stock exchange are listed on the stock exchange

up to 10% of the fund’s portfolio and up to 5% of the fund’s portfolio.

o the tenders issued by the Central Bank of the Republic of Turkey and the Republic of Turkey Prime Ministry Undersecretariat of Treasury

to the fund portfolio with the tender or export prices,

receivable. These securities are not subject to the 10% limit on the first day of this item.

O Purchase shares, bonds and other debt securities of the builder and the manager in the fund portfolio

It can not be retrieved. However, the inclusion of indices based on the securities in the Fund portfolio

, the highest weight that the securities in question can have in the index

this restriction does not apply provided that it does not pass.

o Outside the public institutions with more than 10% of the capital of the builder and the manager

the remaining shareholders, the chairman and members of the board of directors, general manager and general manager

that they have more than 20% of the capital separately or together

the sum of the securities of the partnerships can not exceed 20% of the fund’s portfolio. However,

in the case of the inclusion of the indemnity based on the securities in the portfolio

provided that the maximum weight that the securities may have in the index does not exceed

no restrictions apply.

O Builders’ and directors’ direct and indirect subsidiaries’ securities

can not exceed 20% of the fund’s portfolio. The base of the securities in the fund portfolio

in the case of inclusion of the received indemnity, the said securities may be included in the index

AK68

12 BAGIMSIZAYNF TiM v.

FREE // k} {AŞ:

FINANCIAL CONSULTANCY. .

Page 16
Denizbank Anonim Şirketi

Type A ISE 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

this limitation does not apply provided that the maximum weight is not exceeded.

o Documentation of participation of funds of the builder, the manager and their direct and indirect affiliates

other than the shares of the investment partners they are partners with

10% of the equity fund portfolio of mutual funds

can be taken up to the portfolio.

O A value corresponding to 5% of the fund portfolio value to ensure liquidity of the fund

. Within the stated limits, the Fund is also listed in the Stock Exchange Money Market

Evaluate them. Funds can not hold time deposits in banks, foreigners with deposit certificates

can not acquire the participation certificates of investment trusts’ stocks and mutual funds.

O The investment fund can not conduct open sales and creditable securities transactions. Securities in the fund portfolio

(j) of Article 42 of the Notification of Assets.

• Capital market instruments of the Turkish State, special provincial administrations, public partnership administration and municipalities

and the total value of the capital market instruments of other institutions that the state has bailed

constitute at least 0% and at most 20% of the portfolio value.

O The reversal which can be made based on the capital market instruments permitted under the legislation

The value of the repo is at least 0% to 20% of the fund portfolio value. Real estate

certificates can be up to 10% of the total value fund portfolio.

O Total value of the treasury from the Turkish private sector capital market instruments taken into the fund portfolio,

at least 0% and at most 20% of the fund portfolio value, total value fund portfolio of financing funds

at least 0% and at most 20% of the value of the stocks, at least the total value of the fund portfolio value

80% can be up to 100%.

O At least 80% of the fund portfolio value is on a monthly weighted average basis

partnerships established in Turkey, including state economic enterprises under the scope of privatization

invested in stocks.

• Portfolios are quoted on the stock exchange and are traded for at least 5 days in the last 90 days.

This condition is not required for partnerships under customization.

INDEPENDENT ETHICS and

the serbestayyfhasebec

13 FINANCE CONSULTING INC.

|

FLOW

Page 17
Denizbank Anonim Şirketi

Type A ISE 100 Index Fund

Sona Eren on December 31, 2006

Footnotes to Financial Statements

(Currency: New Turkish Lira unless stated otherwise)

4. I

4.2

4.3

Footnotes of Fund Total Value Table

Amount of Doubtful Claims:

None.

Details of Other Assets More Than 5% of Total Fund Value:

None.

Other information required to be disclosed:

None

 

 

Advertisements

About FREDERICA CADE

Most of the information you will see comes from some Federal/state Government documents or Federal/State Governm Agency. -----------------------------------------------The fellow that can only see a week ahead is always the popular fellow, for he is looking with the crowd. But the one that can see years ahead, he has a telescope but he can't make anybody believe that he has it. ~~~~Will Rogers __The woman who follows the crowd will usually go no further than the crowd. The woman who walks alone is likely to find herself in places no one has ever been before.~ Albert Einstein ~"I never work better than when I am inspired by anger; for when I am angry, I can write, pray, and preach well, for then my whole temperament is quickened, my understandingsharpen​ed, and all mundane vexations and temptations depart.” ~Dr. Martin Luther King Jr. _________________________________________________________________________________________ ~"The bosom of America is open to receive not only the Opulent and respectable Stranger, but the oppressed and persecuted of all Nations and Religions; whom we shall welcome to a participation of all our rights and privileges, if by decency and propriety of conduct they appear to merit the enjoyment".~___________________________________ George Washington, Address to the Members of the Volunteer Association of Ireland, December 2, 1783 Fredericacade@gmail.com

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Frederica Cade’s Blog (Politics, News, Analysis, Investigation, Press Releases, Education, Economics, Internet, News Releases, Featured stories, Fraud, and History, U.S. Laws, Posted stories, Index of reports, meta,Home page)

Blog Stats #

  • 923,978 hits

Frederica Cade’s Archives

Recent Post

August 2017
M T W T F S S
« Jul   Sep »
 123456
78910111213
14151617181920
21222324252627
28293031  

Frederica Cade’s Blog (Politics, News, Analysis, Investigation, Press Releases, Education, Economics, Internet, News Releases, Featured stories, Fraud, and History, U.S. Laws, Posted stories, Index of reports, meta,Home page)

Politics, local News, National News, Foreign news, Congress, President, Government, Economics, Analysis, Art, Health,Investigation, FBI, Justice Department, Fraud, Press Releases, Health Care, News Releases, Law, and History Tags

2012 Elections Affordable Care Act Alabama Albuquerque ALEC Alexandria American Legislative Exchange Council AMERICAN LEGISLATIVE EXCHANGE COUNCIL (ALEC) Analysis Arizona Atlanta Attorney General Eric Holder California charter schools Chicago Congress Connecticut Democrats Deputy Attorney General James M. Cole Donald Trump Economics Economy Education Environ Environme Environmen Environment EPA FBI Federal Election Commission (FEC) Florida fraud FreedomWorks General Georgia Governor Nikki Haley Grover Norquist Hammond Health Health Care Heritage Foundation HHS Secretary Kathleen Sebelius Hillary Clinton History https://fredericacade.wordpress.com https://fredericacade.wordpress.com/wp-admin/edit.php?category_name=politics-congress-investigation-republicans-fbi-internet-health-economy-education-wikipedia-local-news-press-release-justice-departm Idaho Illinois Inc. Indiana Internet Investigation Iowa IRS jobs Jr. Justice Department Kansas Kara Pally Keystone XL Knoxville Koch Koch Brothers Koch Industries Laws local news Louisiana Maryland Massachusetts Matte Kibbe Memphis meta Miami Michigan Minnesota Mississippi Missouri Mitt Romney Montana Nashville National News Nebraska New Jersey New Mexico News New York Nikki Haley North Carolina Ohio Oklahoma Oregon outsourcing Paul Ryan Pennsylvania Philadelphia Politics President President Obama Press Release Public Schools Puerto Rico record Republicans Rhode Island South Carolina South Dakota Sr. Tennessee Texas Top Story TransCanada Vincent Sheheen Virginia Voting Rights Act Voting Rights Act of 1965 WASHINGTON Washington D.C. West Virginia Wikipedia Wisconsin

Frederica Cade’s Blog (Politics, News, Analysis, Investigation, Press Releases, Education, Economics, Internet, News Releases, Featured stories, Fraud, and History, U.S. Laws, Posted stories, Index of reports, meta,Home page)

Follow me on Twitter

Frederica Cade’s Blog (Politics, News, Analysis, Investigation, Press Releases, Education, Economics, Internet, News Releases, Featured stories, Fraud, and History, U.S. Laws, Posted stories, Index of reports, meta,Home page)

Advertisements