XML 60 R45.htm IDEA: XBRL DOCUMENT
v3.19.1

Subsidiaries | 12 Months Ended
--- | ---
Dec. 31, 2018
Investments accounted for using equity method [abstract] |
Subsidiaries |
39. | Subsidiaries
The Group’s ultimate parent company is Turkcell Holding, Subsidiaries, associates and a joint venture of the Company as at 31 December 2018 and 31 December 2017 are as follows:
|  |  |  |  |  | Effective Ownership Interest
Subsidiaries Name |  | Country of Incorporation |  | Business |  | 31 December 2018 (%) |  | 31 December 2017 (%)
Kibris Telekom |  | Turkish Republic of Northern Cyprus |  | Telecommunications |  | 100 |  | 100
Turkcell Global Bilgi |  | Turkey |  | Customer relations and human resources 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, delivery and digital sales services |  | 100 |  | 100
Eastasia |  | Netherlands |  | Telecommunications investments |  | 100 |  | 100
Turkcell Teknoloji |  | Turkey |  | Research and development |  | 100 |  | 100
Global Tower |  | Turkey |  | Telecommunications infrastructure business |  | 100 |  | 100
Rehberlik |  | Turkey |  | Directory Assistance |  | 100 |  | 100
Financell(5) |  | Netherlands |  | Financing business |  | — |  | 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 |  | Turkey |  | Payment services and e-money license |  | 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 |  | Turkey |  | Electricity energy trade and wholesale and retail electricity sales |  | 100 |  | 100
Paycell |  | Ukraine |  | Consumer financing services |  | 100 |  | 100
Lifecell Digital |  | Turkish Republic of Northern Cyprus |  | Telecommunications |  | 100 |  | 100
TÖFAŞ (1) |  | Turkey |  | Interest free consumer financing services |  | 100 |  | —
Turkcell Sigorta(3) |  | Turkey |  | Insurance agency activities |  | 100 |  | —
Belarusian Telecom |  | Republic of Belarus |  | Telecommunications |  | 80 |  | 80
Lifetech |  | Republic of Belarus |  | Information technology, programming and technical support |  | 80 |  | 80
Inteltek |  | Turkey |  | Information and Entertainment Services |  | 55 |  | 55
Azerinteltek (6) |  | Azerbaijan |  | Information and Entertainment Services |  | — |  | 28
|  |  |  |  |  | Effective Ownership Interest
Associates Name |  | Country of Incorporation |  | Business |  | 31 December 2018 (%) |  | 31 December 2017 (%)
Fintur |  | Netherlands |  | Telecommunications investments |  | 41 |  | 41
Türkiye’nin Otomobili (2) |  | Turkey |  | Electric passenger car development, production and trading activities |  | 19 |  | —
|  |  |  |  |  | Effective Ownership Interest
Joint Venture Name |  | Country of Incorporation |  | Business |  | 31 December 2018 (%) |  | 31 December 2017 (%)
Sofra (4) |  | Turkey |  | Meal coupons and cards |  | 33 |  | —
(1) | On 16 February 2018, Turkcell Ozel Finansman A,S, which will grant loans within the framework of Islamic financing principles for purchases of goods and services, was incorporated under the laws of Republic of Turkey.
(2) | On 28 June 2018, Türkiye’nin Otomobili, which will develop and produce mainly electric passenger car and to carry out trading activities, was incorporated and accounted under investments in equity accounted investees in the consolidated financial statements as at 31 December 2018.
(3) | On 25 June 2018, Turkcell Sigorta Aracılık Hizmetleri A,S,, which will engage in insurance agency activities, was incorporated.
(4) | On 30 July 2018, Sofra, which will provide services via various means such as service coupons, meal coupons, meal card, electronic coupon and/or smart card, in vehicle payment, smart key, was incorporated and accounted under investments in equity accounted investees in the consolidated financial statements as at 31 December 2018, Turkcell Ödeme ve Elektronik Para Hizmetleri A,Ş, BELBİM Elektronik Para ve Ödeme Hizmetleri A,Ş, and Posta ve Telgraf Teşkilatı A,Ş, (“PTT”) holds equal shareholding ratios of Sofra.
(5) | The liquidation process of Financell B.V., which is a wholly owned subsidiary of the Company incorporated in the Netherlands and which is non-operational since December 2015, has been completed as of 14 August 2018.
(6) | The Group has transferred its total shareholding in Azerinteltek controlled by Inteltek to one of other shareholder of Azerinteltek, Baltech Investment LLC (“Baltech”), for a total consideration of EUR 19,530. The share purchase agreement was signed on 15 November 2018 and the transfer of proceeds to Inteltek was completed on 27 December 2018. Group have lost the control over the subsidiary unconditionally on 27 December 2018 with transfer of money. The transfer of shares to Baltech was completed subsequently on 11 January 2019. The Due to the divestment of holding in Azerinteltek, the Group has recognized gain on sale of subsidiary amounting to TL 110,308 for the year ended 31 December 2018.
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 2018 |  |  | 31 December 2017 |  |  | 31 December 2018 |  |  | 31 December 2017 |  |  | 31 December 2018 |  |  | 31 December 2017 |
Inteltek |  |  | Turkey |  |  |  | 45,00 | % |  |  | 45,00 | % |  |  | 105,112 |  |  |  | 35,924 |  |  |  | 131,506 |  |  |  | 46,072 |
Individually immaterial subsidiaries with non –controlling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 51,158 |  |  |  | 22,706 |  |  |  | 304 |  |  |  | 9,855 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 156,270 |  |  |  | 58,630 |  |  |  | 131,810 |  |  |  | 55,927 |
Summarized financial information in respect of Inteltek is set out below. The summarized financial information below represents amounts before intragroup eliminations. Inteltek
|  | 31 December 2018 |  |  | 31 December 2017 |
Current assets |  |  | 403,427 |  |  |  | 223,119 |
Non-current assets |  |  | 9,043 |  |  |  | 9,290 |
Current liabilities |  |  | 115,080 |  |  |  | 125,286 |
Non-current liabilities |  |  | 5,154 |  |  |  | 4,742 |
Equity attributable to owners |  |  | 292,236 |  |  |  | 102,381 |
|  |  | 2018 |  |  |  | 2017 |
Revenue |  |  | 208,239 |  |  |  | 184,025 |
(Expenses) / Income (net) |  |  | (93,133 | ) |  |  | (104,194 | )
Gain on Sale of Investments |  |  | 118,476 |  |  |  | — |
Profit for the year |  |  | 233,582 |  |  |  | 79,831 |
Other comprehensive income/(loss) for the year |  |  | 179 |  |  |  | 172 |
Dividend paid to non-controlling interests |  |  | 31,283 |  |  |  | (46,582 | )
Net cash inflow from operating activities |  |  | 31,380 |  |  |  | 73,575 |
Net cash inflow from investing activities |  |  | 158,946 |  |  |  | 19,930 |
Net cash outflow from financing activities |  |  | (69,518 | ) |  |  | (75,113 | )
Effects of foreign exchange rate fluctuations on cash and cash equivalents |  |  | 56,949 |  |  |  | 8,574 |
Net cash inflow |  |  | 177,757 |  |  |  | 26,966 |

X
- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2018-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2018-03-01&anchor=para_17_b&doctype=Standard -URIDate 2018-03-16 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2018-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2018-03-01&anchor=para_16_b&doctype=Standard -URIDate 2018-03-16 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2018-01-01 -Paragraph B4 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_B4_a&doctype=Appendix&seq=2 -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration