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Derivative financial instruments
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Derivative financial instruments
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.