110 / 147
115
6. CASH AND CASH EQUIVALENTS
Effective interest rate of time deposits as of 31 December 2014 is between 3% - 13% (2013: 2% - 10%) per annum for TL deposits and between 1% - 3% (2013: 1% - 4%) per annum for the currencies
other than TL deposits.
As of 31 December 2014, there is no repurchase agreement (2013: effective interest rate of repurchase agreement is 6.50% per annum for TL agreements and 2.90% for USD agreements).
Maturities of these time deposits range from 1 day to 35 days (2013: 1 day to 31 days).
As of 31 December 2014, current value of total assets provided under custodian accounts for the management of portfolio management companies amounts to USD 9,605,717 (2013: USD 3,428,624).
Currency breakdown of cash and cash equivalents is as follows:
31 December 2014
31 December 2013
Banks
-time deposits
364,367,322
282,629,287
-demand deposits
70,589,690
57,447,983
-repurchase agreements with banks
-
315,091
Cash on hand
152,713
169,004
Mutual funds
9,605,717
3,428,624
Other cash and cash equivalents
722,448
34,886
445,437,890
344,024,875
31 December 2014
31 December 2013
Currency
Currency Amount
USD Equivalent
Currency Amount
USD Equivalent
USD
303,031,725
303,031,725
234,842,570
234,842,570
EUR
65,415,624
79,571,284
55,901,989
76,913,363
GBP
374,133
581,222
246,446
406,141
SFR
500
504
499
560
TENGE
318,648,565
1,743,631
157,771,133
1,022,496
TL
140,094,145
60,414,052
60,389,632
28,294,819
DZD
8,375,090
95,472
198,625,112
2,544,926
445,437,890
344,024,875
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)