114 / 147
119
9. OTHER RECEIVABLES AND ASSETS
31 December 2014
31 December 2013
Current asset
Prepaid taxes, funds and receivables
10,378,743
7,909,400
Value added tax (VAT) receivable
56,487,526
40,264,831
Other receivables from non-consolidated related companies (Note 34)
30,076,307
13,460,000
Prepaid expenses
10,380,845
9,509,261
Income accruals
9,276,263
14,895,892
Due from personnel (Note 34)
1,627,807
972,818
Advances given
16,465,518
12,135,102
Other
19,453,327
14,573,127
154,146,336
113,720,431
31 December 2014
31 December 2013
Non-current assets
Other receivables from non consolidated related parties (Note 34)
49,968,663
54,952,064
Deposits and advances given
7,844,410
8,872,785
Prepaid expenses
2,002,676
4,417,349
Other
6,238,142
5,901,946
66,053,891
74,144,144
10. GOODWILL
The Group assesses goodwill for impairment annually. Recoverable amount is determined by calculating the value in use. Principal estimates such as discount rate, growth rate, sale
prices and direct costs are taken into account in assessing the value in use. As of 31 December 2014, the Group assessed the recoverable amount of goodwill and determined that
goodwill associated with the Group’s operations was not impaired.
31 December
31 December
Cost
2014
2013
Goodwill
47,519,907
47,519,907
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)