123
PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
Notes
Audited Current Period
31 December 2015
Audited Prior Period
31 December 2014
A.
CASH FLOWS FROM BANKING OPERATIONS
1.1
Operating profit before changes in operating assets and liabilities
2,731,346
2,632,569
1.1.1 Interests received
12,803,948
10,469,845
1.1.2 Interests paid
(7,982,534)
(6,661,702)
1.1.3 Dividends received
36,072
43,703
1.1.4 Fee and commissions received
1,403,631
1,145,329
1.1.5 Other income
92,949
438,067
1.1.6 Collections from previously written-off loans and other receivables
1,010,359
705,404
1.1.7 Payments to personnel and service suppliers
(1,567,534)
(1,277,830)
1.1.8 Taxes paid
(675,074)
(540,885)
1.1.9 Other
VI-1
(2,390,471)
(1,689,362)
1.2
Changes in operating assets and liabilities
(3,130,897)
(3,362,318)
1.2.1 Net (increase) decrease in financial assets held for trading purpose
619
(619)
1.2.2 Net (increase) decrease in financial assets valued at fair value through profit or loss
-
-
1.2.3 Net (increase) decrease in due from banks and other financial institutions
(2,251,770)
(345,470)
1.2.4 Net (increase) decrease in loans
(20,095,511)
(18,811,158)
1.2.5 Net (increase) decrease in other assets
(195,002)
109,081
1.2.6 Net increase (decrease) in bank deposits
720,842
716,239
1.2.7 Net increase (decrease) in other deposits
17,370,140
9,494,361
1.2.8 Net increase (decrease) in funds borrowed
3,621,335
3,517,964
1.2.9 Net increase (decrease) in matured payables
-
-
1.2.10 Net increase (decrease) in other liabilities
VI-1
(2,301,550)
1,957,284
I.
Net cash flow from banking operations
(399,551)
(729,749)
B.
CASH FLOWS FROM INVESTING ACTIVITIES
II.
Net cash flow from investing activities
(1,544,382)
(195,210)
2.1
Cash paid for purchase of associates, subsidiaries and joint-ventures
-
(205,714)
2.2
Proceeds from disposal of associates, subsidiaries and joint-ventures
-
-
2.3
Purchases of tangible assets
(738,506)
(175,892)
2.4
Proceeds from disposal of tangible assets
582,358
312,382
2.5
Cash paid for purchase of available-for-sale financial assets
(4,213,523)
(5,677,045)
2.6
Proceeds from disposal of available-for-sale financial assets
3,355,028
6,819,996
2.7
Cash paid for purchase of held-to-maturity investments
(1,610,704)
(2,698,603)
2.8
Proceeds from disposal of held-to-maturity investments
1,129,187
1,475,540
2.9
Other
VI-1
(48,222)
(45,874)
C.
CASH FLOWS FROM FINANCING ACTIVITIES
III.
Net cash flow from financing activities
1,949,710
3,423,195
3.1
Cash obtained from funds borrowed and securities issued
9,872,371
8,649,309
3.2
Cash used for repayment of funds borrowed and securities issued
(7,822,661)
(5,126,114)
3.3
Equity instruments issued
-
-
3.4
Dividends paid
(100,000)
(100,000)
3.5
Repayments for finance leases
-
-
3.6
Other
-
-
IV.
Effect of change in foreign exchange rates on cash and cash equivalents
VI-1
12,178
6,249
V.
Net increase in cash and cash equivalents
17,955
2,504,485
VI.
Cash and cash equivalents at the beginning of the period
VI-4
8,182,469
5,677,984
VII.
Cash and cash equivalents at the end of the period
VI-4
8,200,424
8,182,469
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 CASH FLOWS
FOR THE YEAR ENDED AT 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.
