VAKIFBANK
2015 ANNUAL REPORT
208
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.)
6. Provision expenses for losses on loans and other receivables
Current Period
Prior Period
Specific provisions on loans and other receivables
1,030,298
1,145,465
Loans and receivables in Group III
335,522
135,732
Loans and receivables in Group IV
448,415
774,152
Loans and receivables in Group V
246,361
235,581
Non-performing commissions and other receivables
-
-
General provision expenses
354,951
413,501
Provision for possible losses
-
-
Impairment losses on securities:
3,443
10,402
Trading securities
-
-
Investment securities available-for-sale
3,443
10,402
Impairment losses from associates, subsidiaries, joint ventures, and marketable securities held to maturity
24,337
25,278
Associates
-
-
Subsidiaries
-
-
Joint ventures
-
-
Investment securities held-to-maturity
24,337
25,278
Other
(*)
124,031
77,221
Total
1,537,060
1,671,867
(*)
Other provision expenses amounting to TL 124,031 (31 December 2014: TL 77,221) is comprised of provision for non-cash loans that are not indemnified or converted into cash and provision for cheques amounting to TL 41,616 (31
December 2014: TL 38,176) and free provision expenses related to loans and receivables amounting to TL 82,415 (31 December 2014: TL 39,045)
7. Information on other operating expenses
Current Period
Prior Period
Personnel Costs
1,380,439
1,232,995
Reserve for Employee Termination Benefits
26,800
13,266
Deficit Provision for Pension Funds
-
-
Impairment Losses on Tangible Assets
6,475
-
Depreciation Expenses on Tangible Assets
124,911
111,904
Impairment Losses on Intangible Assets
-
-
Amortization Expenses on Intangible Assets
17,536
13,096
Impairment Losses on Assets to be Disposed
4,998
2,115
Depreciation Expenses on Assets to be Disposed
15,291
12,743
Impairment Losses on Assets Held for Sale
-
-
Other Operating Expenses
1,363,500
1,201,522
Operational lease expenses
206,955
184,266
Repair and maintenance expenses
37,476
29,989
Advertisement expenses
74,575
70,079
Other expenses
1,044,494
917,188
Loss on sale of assets
1,153
4,947
Other
(*)
669,080
517,622
Total
3,610,183
3,110,210
(*)
Other operating expenses amounting to TL 669,080 (31 December 2014: TL 517,622) is comprised of provision expenses for dividends to the personnel amounting to TL 144,017 (31 December 2014: TL 129,797), tax, fees and funds
expenses amounting to TL 114,138 (31 December 2014: TL 105,366), “Saving Deposits Insurance Fund” expenses amounting to TL 115,916 (31 December 2014: TL 93,190) and other operating expenses amounting to TL 295,009 (31
December 2014: TL 189,269).
