119
PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
Notes
Audited Current Period
1 January 2015-31 December 2015
Audited Prior Period
1 January 2014-31 December 2014
I.
INTEREST INCOME
13,630,050
11,373,587
1.1
Interest income from loans
V-IV-1
11,529,678
9,326,415
1.2
Interest income from reserve deposits
38,684
2,015
1.3
Interest income from banks
V-IV-1
10,622
7,006
1.4
Interest income from money market transactions
-
380
1.5
Interest income from securities portfolio
V-IV-1
2,049,544
2,035,273
1.5.1 Trading financial assets
-
-
1.5.2 Financial assets designated at fair value through profit or loss
-
-
1.5.3 Available-for-sale financial assets
1,393,700
1,475,012
1.5.4 Held-to-maturity investments
655,844
560,261
1.6
Finance lease income
-
-
1.7
Other interest income
1,522
2,498
II.
INTEREST EXPENSE
8,143,569
6,722,109
2.1
Interest expense on deposits
V-IV-2
6,131,010
5,044,633
2.2
Interest expense on funds borrowed
V-IV-2
260,836
167,476
2.3
Interest expense on money market transactions
881,816
912,931
2.4
Interest expense on securities issued
V-IV-2
596,952
450,732
2.5
Other interest expenses
272,955
146,337
III.
NET INTEREST INCOME (I – II)
5,486,481
4,651,478
IV.
NET FEES AND COMMISSIONS INCOME
921,084
709,334
4.1
Fees and commissions received
1,403,631
1,145,329
4.1.1 Non-cash loans
186,862
162,814
4.1.2 Others
1,216,769
982,515
4.2
Fees and commissions paid
482,547
435,995
4.2.1 Non-cash loans
166
206
4.2.2 Others
482,381
435,789
V.
DIVIDEND INCOME
V-IV-3
62,219
66,288
VI.
TRADING INCOME/LOSSES (Net)
V-IV-4
99,474
223,119
6.1
Trading account income/losses
V-IV-4
46,127
174,760
6.2
Income/losses from derivative financial instruments
V-IV-4
(13,176)
(51,247)
6.3
Foreign exchange gains/losses
V-IV-4
66,523
99,606
VII.
OTHER OPERATING INCOME
V-IV-5
1,048,278
1,345,534
VIII.
TOTAL OPERATING PROFIT (III+IV+V+VI+VII)
7,617,536
6,995,753
IX.
PROVISION FOR LOSSES ON LOANS AND OTHER RECEIVABLES (-)
V-IV-6
1,537,060
1,671,867
X.
OTHER OPERATING EXPENSES (-)
V-IV-7
3,610,183
3,110,210
XI.
NET OPERATING PROFIT/LOSS (VIII-IX-X)
2,470,293
2,213,676
XII.
INCOME RESULTED FROM MERGERS
-
-
XIII.
INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING
-
-
XIV.
GAIN/LOSS ON NET MONETARY POSITION
-
-
XV.
INCOME/LOSS FROM CONTINUING OPERATIONS BEFORE TAXES
(XI+XII+XIII+XIV)
2,470,293
2,213,676
XVI.
CONTINUING OPERATIONS PROVISION FOR TAXES
V-IV-11
(540,184)
(460,403)
16.1 Current tax charges
(404,310)
(601,519)
16.2 Deferred tax credits
(135,874)
141,116
XVII.
NET INCOME/LOSS AFTER TAXES FROM CONTINUING OPERATIONS (XV-XVI)
V-IV-12
1,930,109
1,753,273
XVIII.
INCOME FROM DISCONTINUED OPERATIONS
-
-
18.1 Income from investment properties
-
-
18.2 Income from sales of subsidiaries, affiliates and joint-ventures
-
-
18.3 Other income from discontinued activities
-
-
XIX.
EXPENSES FROM DISCONTINUED OPERATIONS
-
-
19.1 Investment property expenses
-
-
19.2 Losses from sales of subsidiaries, affiliates and joint ventures
-
-
19.3 Other expenses from discontinued activities
-
-
XX.
INCOME/LOSS FROM DISCONTINUED OPERATIONS BEFORE TAXES
-
-
XXI.
DISCONTINUED OPERATIONS PROVISION FOR TAXES
-
-
21.1 Current tax charge
-
-
21.2 Deferred tax charge
-
-
XXII.
NET INCOME/LOSS AFRET TAXES FROM DISCONTINUED OPERATIONS
-
-
XXIII.
NET PROFIT/LOSS (XVII+XXII)
V-IV-12
1,930,109
1,753,273
Profit/Loss per 100 shares (full TL)
III-XXIVI
0.7720
0.7013
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI
UNCONSOLIDATED STATEMENT OF INCOME
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
The accompanying explanations and notes form an integral part of these financial statements.
