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PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
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 FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Information on currency risk
Current Period
Euro
US Dollar
Other FC
Total
Assets:
Cash and balances with the Central Bank of Republic of Turkey
2,811,021
12,164,956
4,374,832
19,350,809
Banks
391,462
4,424,493
48,110
4,864,065
Financial assets at fair value through profit or loss
(1)
94,722
102,681
-
197,403
Interbank money market placements
-
-
-
-
Available-for-sale financial assets
977,075
3,696,548
-
4,673,623
Loans and receivables
(2)
11,945,755
26,902,000
32,311
38,880,066
Associates, subsidiaries and joint-ventures
434,144
-
-
434,144
Held-to-maturity investments
-
130,981
-
130,981
Derivative financial assets held for risk management purpose
-
-
-
-
Tangible assets
-
4,292
-
4,292
Intangible assets
-
-
-
-
Other assets
(3)
75,385
894,745
26
970,156
Total assets
16,729,564
48,320,696
4,455,279
69,505,539
Liabilities:
Bank deposits
169,879
3,360,351
44,199
3,574,429
Foreign currency deposits
10,670,962
18,442,961
763,664
29,877,587
Interbank money market takings
-
3,403,437
-
3,403,437
Other funding
7,886,670
10,335,468
1,076
18,223,214
Securities issued
2,206,648
5,200,957
12,110
7,419,715
Miscellaneous payables
515,476
61,928
43,448
620,852
Derivative financial liabilities held for risk
-
-
-
-
Other liabilities
(1) (4)
65,528
5,948,400
992
6,014,920
Total liabilities
21,515,163
46,753,502
865,489
69,134,154
Net ‘on balance sheet’ position
(4,785,599)
1,567,194
3,589,790
371,385
Net ‘off-balance sheet’ position
5,449,875
(441,420)
(3,577,895)
1,430,560
Derivative assets
(6)
7,542,857
12,701,193
2,036,853
22,280,903
Derivative liabilities
(6)
2,092,982
13,142,613
5,614,748
20,850,343
Non-cash loans
(5)
3,006,375
7,731,618
246,531
10,984,524
Prior Period
Total assets
11,794,857
39,485,470
4,443,232
55,723,559
Total liabilities
16,989,485
39,793,552
1,005,175
57,788,212
Net ‘on balance sheet’ position
(5,194,628)
(308,082)
3,438,057
(2,064,653)
Net ‘off-balance sheet’ position
5,259,448
701,095 (3,430,091)
2,530,452
Derivative assets
(6)
7,286,590
8,766,209
1,377,221
17,430,020
Derivative liabilities
(6)
2,027,142
8,065,114
4,807,312
14,899,568
Non-cash loans
(5)
2,206,271
9,304,139
260,328
11,770,738
(1)
Derivative financial assets amounting to TL 51,275 (31 December 2014: TL 4.896) and liabilities amounting to TL (12,881) (31 December 2014: TL (95,489)) resulting from changes in foreign exchange rates are not included.
(2)
Foreign currency indexed loans amounting to TL 3,530,360 (31 December 2014: TL 2,764,249) which are presented in TL column in the balance sheet are included in the table above.
(3)
Prepaid expenses amounting to TL 61,724 (31 December 2014: TL 56,439) is not included.
(4)
Unearned revenues amounting to TL 106,455 (31 December 2014: TL 46,050) and equities amounting to TL 431,137 (31 December 2014: TL 374,894) are not included.
(5)
Non-cash loans are not taken into consideration in the calculation of the net ‘off-balance sheet’ position.
(6)
Asset purchase commitments amounting to TL 1,835,888 (31 December 2014: TL 1,327,706) and asset sales commitments amounting to TL 1,895,065 (31 December 2014: TL 1,312,928) are included.
