VAKIFBANK
2015 ANNUAL REPORT
192
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.)
15. Information on deferred tax assets
As at 31 December 2015 and 31 December 2014, items generating deferred tax assets or liabilities are listed below:
Current period
Prior Period
Deferred tax assets:
232,350
227,132
Provision for employee termination benefits and unused vacations
87,096
81,013
Other provisions
45,287
28,083
Valuation differences of associates and subsidiaries
23,456
23,456
Valuation differences of financial assets and liabilities
67,439
82,413
BRSA - Tax Code depreciation differences
7,252
10,131
Other
1,820
2,036
Deferred tax liabilities:
(216,929)
(154,695)
Valuation differences of financial assets and liabilities
(127,392)
(114,636)
Valuation differences of associates and subsidiaries
(60,671)
(40,059)
Valuation differences of properties
(28,866)
-
Deferred tax assets, net
15,421
72,437
16. Information on assets held for sale and assets related to the discontinued operations
As at 31 December 2015 assets held for sale and assets related to the discontinued operations amount to TL 994,964 (31 December 2014: TL 745,883).
17. Information on other assets
As at 31 December 2015 and 31 December 2014 other assets are as follows:
Current period
Prior Period
Receivables from credit card payments
923,489
772,007
Prepaid expenses
578,292
617,476
Guarantees given for repurchase agreements
143,978
193,605
Guarantees given for derivative financial instruments
501,035
351,579
Receivables from term sale of assets
44,567
68,664
Other
479,469
212,142
Total
2,670,830
2,215,473
