191
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.)
11. Information on hedging purpose derivatives
Positive differences on derivative financial instruments held for risk management purposes
None.
12. Information on tangible assets
Real Estates
Leased Tangible
Assets
Vehicles
Other Tangible
Assets
Total
Balance at the end of the prior year:
Cost
601,018
134,453
42,942
900,757
1,679,170
Accumulated depreciation(-)
253,923
126,424
34,646
555,177
970,170
Impairment (-)
-
-
-
-
-
Net book value
347,095
8,029
8,296
345,580
709,000
Balance at the end of the current year:
Net book value at the beginning of the current year
347,095
8,029
8,296
345,580
709,000
Additions
874,314
-
1,356
213,591
1,089,261
Cost of the disposals
539,068
9,743
9,060
17,646
575,517
Depreciation of the disposals
266,324
9,695
8,117
7,656
291,792
Depreciation of the current year (-)
13,986
2,388
4,369
104,168
124,911
Impairment (-)
6,475
-
-
-
6,475
Cost at the end of the current year
936,264
124,710
35,238
1,096,702
2,192,914
Accumulated depreciation at the end of the year (-)
1,585
119,117
30,898
651,689
803,289
Impairment (-)
(*)
6,475
-
-
-
6,475
Net book value at the end of the current year
928,204
5,593
4,340
445,013
1,383,150
13. Information on intangible assets
Bank’s intangible assets consist of computer softwares and licences. The estimated useful life of intangible assets is five years. Intangible assets are
amortized on a straight-line basis over the estimated useful lifes. The Bank divides the extinction share of intangible assets according to inflation
adjusted values.
There is not any intangible asset that is important for fullest extend of financial statements.
Bank does not have any intangible asset that is collateral or acquired by government promotion and has a limitation on usage.
The Bank did not declared a commitment to purchase intangible assets.
14. Information on investment properties
None.
