PASHA BANK ENG 20

PASHA Yatırım Bankası A.Ş. Notes to Unconsolidated Financial Statements at 31 December 2020 (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) 7. Information related to other operating expenses: 31 December 2020 31 December 2019 Reserve for employee termination benefits (1) 257 53 Bank social aid fund deficit provision - - Fixed assets impairment expense - - Depreciation expenses of fixed assets 3,371 2,832 Intangible assets impairment expense - - Goodwill impairment expense - - Amortization expenses of intangible assets 2,066 904 Shares (capital method applied) impairment expense - - Impairment expense for investment securities that will be disposed - - Amortization expenses of investment securities that will be disposed - - Impairment expenses for property and equipment held for sale purpose and terminated operations - - Other operating expenses 8,550 6,949 Leasing expenses related to TFRS 16 exemptions 55 514 Maintenance expenses 1,130 670 Advertisement expenses 590 249 Other expenses 6,775 5,516 Loss on sales of assets - - Other 9,731 4,843 Total 23,975 15,581 (1) Provision expenses for unused vacation provision and employee termination benefits are presented in personnel expenses at profit and loss statement. Annual Report 2020 PASHA Bank Year-End Financial Report 215