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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.)
Movement table of investments in subsidiaries
Current Period
Prior Period
Balance at the beginning of the period
1,431,513
1,365,470
Movements during the period
172,806
66,043
Transfers
-
-
Acquisitions and capital increases
-
205,713
Bonus shares received
4,605
-
Dividends from current year profit
(26,186)
(34,017)
Sales and liquidations
-
-
Fair value changes
163,959
(107,850)
Impairment losses
30,428
2,197
Balance at the end of the period
1,604,319
1,431,513
Capital commitments
-
-
Share percentage at the end of the period (%)
-
-
Methods to measure investments in subsidiaries
Current Period
Prior Period
Measured at cost
-
-
Measured at fair value
1,604,319
1,431,513
Equity method of accounting
-
-
Total
1,604,319
1,431,513
Sectoral distribution of investments in financial subsidiaries
Current Period
Prior Period
Insurance companies
480,532
402,768
Banks
434,144
321,124
Factoring companies
62,163
65,273
Leasing companies
45,681
45,149
Finance companies
-
-
Other financial subsidiaries
327,650
353,283
Total
1,350,170
1,187,597
Quoted subsidiaries
Current Period
Prior Period
Quoted at domestic stock exchanges
330,703
378,037
Quoted at international stock exchanges
-
-
Total
330,703
378,037
Investments in subsidiaries disposed during the period
There is no disposal in subsidiaries in the current period.
