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Subsidiaries (Tables)
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Schedule of Subsidiaries

Subsidiaries

Name

  

Country of
Incorporation

  

Business

   31 December
2017 (%)		     31 December
2016 (%)		  

Kibris Telekom

   Turkish Republic of Northern Cyprus   Telecommunications     100       100  

Turkcell Global Bilgi

   Turkey   Customer relations management     100       100  

Turktell

   Turkey  

Information technology, value

added GSM services and entertainment investments

     100       100  

Turkcell Superonline

   Turkey   Telecommunications, television services and content services     100       100  

Turkcell Satis

   Turkey   Sales and delivery     100       100  

Eastasia

   Netherlands   Telecommunications investments     100       100  

Turkcell Teknoloji

   Turkey   Research and development     100       100  

Global Tower

   Turkey  

Telecommunications infrastructure

business

     100       100  

Financell

   Netherlands   Financing business     100       100  

Rehberlik

   Turkey   Directory Assistance     100       100  

Lifecell Ventures

   Netherlands   Telecommunications investments     100       100  

Beltel

   Turkey   Telecommunications investments     100       100  

Turkcell Gayrimenkul

   Turkey   Property investments     100       100  

Global LLC

   Ukraine   Customer relations management     100       100  

UkrTower

   Ukraine  

Telecommunications infrastructure

business

     100       100  

Turkcell Europe

   Germany   Telecommunications     100       100  

Turkcell Odeme (1)

   Turkey   Payment services and e-money licence     100       100  

Lifecell

   Ukraine   Telecommunications     100       100  

Turkcell Finansman

   Turkey   Consumer financing services     100       100  

Beltower

   Republic of Belarus   Telecommunications Infrastructure business     100       100  

Turkcell Enerji (2)

   Turkey   Electricity energy trade and wholesale and retail electricity sales     100       —    

Paycell (3)

   Ukraine  

Payment services and e-money licence

     100       —    

Lifecell Digital (4)

   Turkish Republic of Northern Cyprus   Telecommunications     100       —    

Belarusian Telecom

   Republic of Belarus   Telecommunications     80       80  

Lifetech

   Republic of Belarus   Research and development     80       80  

Inteltek

   Turkey   Information and Entertainment Services     55       55  

Azerinteltek

   Azerbaijan   Information and Entertainment Services     28       28  

 

  (1) Turkcell Odeme operating under “Paycell” brand has been authorized by the Banking Regulation and Supervision Agency (“BRSA”) to operate as an “electronic money institution” and to provide intermediation service for invoice payments. The decision was published in the Official Gazette on 22 July 2017.
  (2) Turkcell Enerji that will be engaged in electricity energy trade, wholesale sales and retail sales was incorporated on 20 February 2017. The Company is a wholly owned subsidiary of Turktell and has obtained its electricity supply license upon approval from Energy Market Regulatory Authority (“EMRA”) as at 11 May 2017.
  (3) The company “Paycell LLC” which is established in Ukraine by lifecell and wholly owned by the company granted the “financial company” status on September 21, 2017. Paycell LLC will apply for financial services and local money transfer licenses to provide digital payment services to customers via credit device sales and e-money.
  (4) The transactions in relation to the incorporation of Lifecell Digital Limited in the Turkish Republic of Northern Cyprus (“TRNC”), which will offer services as an internet service provider, by our wholly-owned subsidiary Kıbrıs Mobile Telekomünikasyon Limited based in TRNC is completed as at 14 December 2017.
Schedule of Non-Wholly Owned Subsidiaries That Have Material Non-Controlling Interests

Details of non-wholly owned subsidiaries that have material non-controlling interests to the Company are disclosed below:

 


Name of subsidiary   Place of
incorporation
and principal
place of
business		     Proportion of ownership
interests and voting rights
held by non-controlling
interest		     Profit/(loss) allocated to
non-controlling interests		     Accumulated non-
controlling interests		  
          31 December
2017		     31 December
2016		     31 December
2017		     31 December
2016		     31 December
2017		     31 December
2016		  
             

Inteltek

     Turkey       45.00 %      45.00 %      35,924       39,346       46,072       50,863  

Individually immaterial subsidiaries with non – controlling interest

           22,706       12,369       9,855       5,769  
       

 

 

    

 

 

    

 

 

    

 

 

  
          58,630       51,715       55,927       56,632  
       

 

 

    

 

 

    

 

 

    

 

 
Schedule of Financial Information of Subsidiaries

Summarized financial information in respect of Inteltek is set out below. The summarized financial information below represents amounts before intragroup eliminations.

Inteltek

 

     31 December
2017		     31 December
2016		  

Current assets

      223,119       191,199  

Non-current assets

      9,290       17,367  

Current liabilities

      125,286       30,516  

Non-current liabilities

      4,742       65,020  

Equity attributable to owners

      102,381       113,030  
     2017       2016  
  

 

 

    

 

 

  

Revenue

      184,025       178,408  

Expenses

      (104,194 )      (90,973 ) 
  

 

 

    

 

 

  

Profit for the year

      79,831       87,435  
  

 

 

    

 

 

  

Other comprehensive income/(loss) for the year

      172       (618 ) 

Dividend paid to non-controlling interests

      (46,582 )      (44,888 ) 

Net cash inflow from operating activities

      73,575       69,497  

Net cash inflow from investing activities

      19,930       17,470  

Net cash outflow from financing activities

      (75,113 )      (119,751 ) 

Effects of foreign exchange rate fluctuations on cash and cash equivalents

      8,574       18,213  
  

 

 

    

 

 

  

Net cash outflow/(inflow)

      26,966       (14,571 )