TMS 40 Yatırım Amaçlı Gayrimenkullerin BİST 100 ve BİST 30 Endeksindeki Firmalarda 2007-2016 Yılları Arasında Kullanımlarının İncelenmesi

Abstract

Generating cash flows independently from other assets of the company is the most important distinctive feature of investment property. For example, a building which is used for administrative purposes do not generate cash flow directly while another building which is leased provides direct cash flows to the company. After the first recognition of investment property at cost value according to TAS 40, it is revaluated by using “cost method” or “fair value method” in the further periods. If the company revaluates its investment property by cost method, the valuation principles of TAS 16 shall be applied that depreciation and provision will be determined for this real estate. If the company revaluates its investment property by fair value method, the valuation principles of TAS 40 shall be applied and the appreciation or impairment loss that is occurred after the revaluation will be recognized as a profit or loss in the comprehensive income statement. For the 10 years period between 2007 and 2016, minimum IP utilization rate in the companies listed in BIST 100 index, is realized in 2007 as 34% while the maximum utilization rate is seen in 2014 as 54%. For the 10 years period between 2007 and 2016, minimum IP utilization rate in the companies listed in BIST 30 index, is realized in 2011 as 50% while the maximum utilization rate is seen in 2016 as 68%. If the companies which present their financial statements in line with TAS principles determine the proper account and method during the recognition of their real estate, the reporting of the operations will be accurate.