TURKCELL ILETISIM HIZMETLERI A S | CIK:0001071321 |

Filed: 3/22/2018

Entity registrant name: TURKCELL ILETISIM HIZMETLERI A S (CIK: 0001071321)

Generator: Donnelley Financial Solutions

SEC filing page: http://www.sec.gov/Archives/edgar/data/1071321/000119312518092288/0001193125-18-092288-index.htm

XBRL Instance: http://www.sec.gov/Archives/edgar/data/1071321/000119312518092288/tkc-20171231.xml

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32.	Derivative financial instruments

The Group has the following derivative financial assets and liabilities:

Derivative financial assets:

 

Participating cross currency swap and FX swap contracts at 31 December 2017
Buy						Sell
Currency		Notional amount				Currency				Notional amount				Fair value (TL)				Maturity
USD			47,304				EUR				39,835				1,005			02 January 2018
TL			69,680				USD				20,000				6,554			27 August 2018
TL			81,480				EUR				20,000				9,965			14 December 2018
TL			95,550				USD				25,000				72			24 January 2019
TL			67,410				USD				18,000				1,498			28 January 2019
TL			98,625				EUR				25,000				17,354			13 June 2019
TL			52,164				USD				14,620				4,465			16 July 2019
TL			69,744				USD				19,780				6,996			22 July 2019
TL			203,600				EUR				50,000				27,198			23 July 2019
TL			435,000				USD				150,000				142,085			16 September 2020
TL			386,500				USD				100,000				(4,645	)		16 September 2020
TL			293,500				USD				100,000				90,071			16 September 2020
TL			242,873				USD				70,500				33,535			16 September 2020
TL			194,000				USD				50,000				(2,951	)		16 September 2020
TL			1,650,000				EUR				500,000				627,385			25 October 2025
TL			275,850				EUR				60,000				1,078			22 April 2026
Total															961,665

At 31 December 2017, total derivative financial assets of TL 981,396 also include accrued interest income of TL 19,731.

 

Participating cross currency swap and FX swap contracts at 31 December 2016
Buy						Sell
Currency		Notional amount				Currency				Notional amount				Fair value (TL)				Maturity
TL			18,455				EUR				5,000				86			3 January 2017
TL			73,400				EUR				20,000				598			24 Mar 2017
TL			824,750				EUR				250,000				116,674			12 April 2021
TL			328,600				EUR				100,000				47,949			12 April 2021
TL			495,000				EUR				150,000				81,534			12 April 2021
TL			435,000				USD				150,000				84,416			16 September 2020
TL			293,500				USD				100,000				51,481			16 September 2020
Total															382,738

At 31 December 2016, total derivative financial assets of TL 390,958 also include accrued interest income of TL 8,220.

 

Derivative financial liabilities:

 

Participating cross currency swap and FX swap contracts at 31 December 2017
Buy						Sell
Currency		Notional amount				Currency				Notional amount				Fair value (TL)				Maturity
TL			470,232				USD				122,680				(2,465	)		2 January 2018
TL			180,023				USD				47,250				(545	)		2 January 2018
TL			141,001				USD				36,786				(726	)		3 January 2018
TL			219,162				USD				57,245				(1,043	)		4 January 2018
TL			115,022				USD				30,150				(435	)		5 January 2018
TL			17,204				USD				4,500				(284	)		10 January 2018
TL			15,916				EUR				3,500				(157	)		10 January 2018
TL			91,556				EUR				20,140				(620	)		22 January 2018
TL			137,834				EUR				30,400				(601	)		05 February 2018
TL			82,013				EUR				17,860				(1,413	)		19 February 2018
TL			1,143				EUR				250				(25	)		5 Mart 2018
TL			97,997				EUR				21,500				(2,154	)		19 December 2019
TL			269,451				USD				70,500				(5,010	)		22 December 2020
Total															(15,478	)
Currency forward contracts at 31 December 2017
Buy
Currency						Notional amount								Fair value (TL)				Maturity
USD							50,000								(2,246	)		30 January 2018
Total															(2,246	)

At 31 December 2017, total derivative financial liabilities of TL 110,108 also include accrued interest expense of TL 92,384.

Derivative financial liabilities:

 

Participating cross currency swap and FX swap contracts at 31 December 2016

Buy

Sell

Currency

Notional amount

Currency

Notional amount

Fair value (TL)

Maturity

TL

21,009

USD

5,960

(55

)

3 January 2017

TL

7,050

USD

2,000

(18

)

3 January 2017

Total

(73)

 

Currency forward contracts at 31 December 2016

Buy

Currency

Notional amount

Fair value (TL)

Maturity

USD

30,071

(1,286

)

28 February 2017

Total

(1,286

)

At 31 December 2016, total derivative financial liabilities of TL 41,726 also include accrued interest expense of TL 40,367.

For information about the methods and assumptions used in determining the fair value of derivatives please refer to Note 2i.