|Aks Televizyon Reklamcilik ve Filmcilik
Sanayi ve Ticaret AS
|T Medya Yatirim Sanayi ve Ticaret AS
On 2 February 2010, SDIF notified that lien was laid on "priority right to purchase back" regarding the shares of Aks TV of which 6.24% were held by Turktell Bilişim Hizmetleri AS . In case that, those shares are sold to third parties other than Cukurova Group, SDIF has the right to exercise its priority right to purchase back and the purchase price will be determined within the context of the past agreements signed between previous owners and Cukurova Group.
On 19 July 2010, at T-Medya's General Assembly Meeting, it has been decided to increase the share capital of T-Medya. However, the Group did not participate in the capital contribution, accordingly the ownership of the Group in T-Medya decreased to 4.52%.
There is no active market available for investments Aks TV and T Medya. The Company measured these investments at cost. Based on the impairment analysis performed by considering the lower end limits of fair value calculations performed by an independent valuation firm, no impairment has been identified.
|Available-for-sale financial assets|
|Government bonds, treasury bills||-||62,398|
|Deposits maturing after 3 months or more||8,201||-|
There are no government bonds as at 31 December 2010 (31 December 2009: $62,398).
As at 31 December 2010, BYR denominated time deposits maturing after 3 months or more amounting to $201 have stated interest rate of 10.5% and US D denominated time deposits maturing after 3 months or more amounting to $8,000 have stated interest rate of 7.0%
The Group's exposure to credit, currency and interest rate risks related to other investments is disclosed in Note 29.