VAKIFBANK
2015 ANNUAL REPORT
198
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 taxes payable
Current Year
Prior Year
Corporate taxes payable
231,868
248,173
Taxation on securities
151,721
123,184
Capital gains tax on property
2,451
2,146
Taxes on foreign exchange transactions
-
-
Banking and Insurance Transaction Tax (BITT)
76,418
58,972
Value added tax payable
3,754
3,139
Other
22,168
19,879
Total
488,380
455,493
Information on premiums payable
Current Year
Prior Year
Social security premiums- employee share
-
-
Social security premiums- employer share
-
-
Bank pension fund premium- employee share
-
-
Bank pension fund premium- employer share
-
-
Pension fund membership fees and provisions- employee share
-
-
Pension fund membership fees and provisions- employer share
-
-
Unemployment insurance- employee share
685
608
Unemployment insurance- employer share
1,370
1,216
Other
-
-
Total
2,055
1,824
Information on deferred tax liabilities
Information on deferred tax liabilities is presented in disclosure 13 of information and disclosures related to assets.
9. Information on payables for assets held for resale and tangible assets related to discounted activities
None.
10. Information on subordinated loans
The Bank has issued bond having the secondary subordinated loan quality to be sold to non-resident natural and legal persons. The bond has been
issued at the nominal value of US Dollar 500 million with the maturity of 10 years and 6.0% coupon rate. In addition to the bond issued on 1 November
2012, on 3 December 2012 the Bank has realized second trance at nominal value of US Dollar 400 million, has the same due date and maturity of 10
years and 5.5% coupon rate.
The Bank has issued secondary subordinated loan (Tier II bond) as at January 2015 which contains Basel-III criteria. In this context, the bond has been
issued at the nominal value of US Dollar 500 million with the maturity date of 3 February 2025 and early call option date of 3 February 2020. The bond
has fixed interest, 10 years and one day maturity, two times interest payment in a year with coupon rate of 6.875% and issue yield of 6.95%.
Stated bonds’ total balance sheet value is TL 4,169,474 as of 31 Decemben 2015 (31 December 2014: TL 2,138,030).
