187
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.)
8. Investments in subsidiaries
Information on financial subsidiaries
Vakıfbank
International
AG
Vakıf Finansal
Kiralama AŞ
Vakıf Yatırım
Menkul
Değerler AŞ
Vakıf
Factoring AŞ
Güneş
Sigorta AŞ
Vakıf
Emeklilik AŞ
Vakıf Portföy
Yönetimi AŞ
Vakıf
Gayrimenkul
Yat. Ort. AŞ
Vakıf
Menkul Kıymet
Yat. Ort. AŞ
Paid in Capital
114,483
65,000
35,000
22,400
150,000
26,500
3,000
205,400
20,000
Share Premium
-
-
-
-
-
-
-
246,731
-
Other Capital Reserves
-
252
(25)
28,948
(2,094)
7,578
48
22,004
94
Securities Value Increase Fund
16,812
2,821
48,986
283
230,306
412
-
-
-
Tangible Assets’ Value Increase From
Revaluation
-
15,127
-
-
104,292
50,005
-
-
-
Associates And Subsidiaries Bonus Shares
-
-
-
-
59
191
-
-
-
Legal Reserves
8,824
3,910
5,644
5,128
17,179
18,385
920
4,709
395
Extraordinary Reserves
-
32,963
7,368
34,944
19,247
38,943
7,919
73,477
-
Other Profit Reserves
196,153
-
2,308
-
-
-
-
-
-
Profit/Loss
104,186
15,457
(5,712)
10,115
(138,591)
87,534
2,236
22,170
(3,017)
Prior Period’s Profit/Loss
102,600
-
872
-
(144,975)
54,925
-
-
(2,490)
Current Period’s’ Profit/Loss
1,586
15,457
(6,584)
10,115
6,384
32,609
2,236
22,170
(527)
Minority Rights
-
100
-
-
-
-
-
-
-
Total Core Capital
440,458
135,630
93,569
101,818
380,398
229,548
14,123
574,491
17,472
SUPPLEMENTARY CAPITAL
-
-
-
-
-
-
-
-
-
CAPITAL
440,458
135,630
93,569
101,818
380,398
229,548
14,123
574,491
17,472
NET AVAILABLE EQUITY
440,458
135,630
93,569
101,818
380,398
229,548
14,123
574,491
17,472
(*)
Reviewed BRSA financial statements as of 30 September 2015 are considered.
Vakıf Yatırım Menkul Değerler AŞ, a subsidiary of the Bank, calculates capital adequacy in accordance with Serial:V, No: 34 numbered “Communiqué on Capital and Capital Adequacy of
Intermediary Firms” of CMB every six month. Güneş Sigorta AŞ ve Vakıf Emeklilik AŞ that operate in insurance business calculate capital adequacy in accordance with “Communiqué on Capital
Adequacy Measurement and Assessment for Insurance, Reinsurance and Pension Firms” published by Republic of Turkey Undersecretariat of Treasury every six month. According to the
calculations at 31 December 2015, there is no capital requirement for the subsidiaries mentioned.
