209
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.)
8. Information on income/loss from discontinued and continuing operations
The Bank has no discontinued operations. Information and detailed tables on profit before tax from continuing operations are presented in disclosures
1-7 in this section.
9. Information on tax provision from discontinued and continuing operations
The Bank has no discontinued operations. Information on provision for taxes on income from continuing operations is presented in disclosure 11 in this
section.
10. Information on net profit/loss from discontinued and continuing operations
The Bank has no discontinued operations. Information on net profit/loss from continuing operations is presented in disclosures 1-13 in this section.
11. Provision for taxes on income
Current period taxation benefit or charge and deferred tax benefit or charge
In the current period, the Bank has recorded a tax charge of TL 404,310 (31 December 2014: TL 601,519) from the net taxable profit calculated in
accordance the laws and regulations in effect.
Deferred tax benefit of the Bank is detailed in the table below.
Deferred tax charge arising from temporary differences, tax losses and unused tax credits
Sources of deferred tax benefit/charge
Current Period
Prior Period
Arising from Origination / (Reversal) of Deductible Temporary Differences
(59,941)
70,051
Arising from (Origination)/ Reversal of Taxable Temporary Differences
(75,933)
71,065
Arising from Origination / (Reversal) of Tax Losses
-
-
Arising from Tax Rate Change
-
-
Total
(135,874)
141,116
12. Information on net profit and loss
Any further explanation on operating results needed for a proper understanding of the Bank’s performance
The Bank has earned TL 13,630,050 interest income, TL 8,143,569 net fees and commissions income and incurred TL 921,084 interest expenses, from
ordinary banking transactions (31 December 2014: TL 11,373,587 interest income, TL 6,722,109 interest expenses TL 709,334 net fees and commissions
income).
Any changes in estimations that might have a material effect on current and subsequent period results
None.
13. Information related to the components of other items in the statement of income exceeding 10% of the group total, or 20% of the sub-
accounts belonging to this group
Banks’ other commissions income mainly consists of credit card fee and commissions, transfer commissions and intelligence commissions.
Banks’ other commissions expense mainly consists of credit card fee and commissions and commissions given for foreign banks credits.
