VAKIFBANK
2015 ANNUAL REPORT
210
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.)
V. INFORMATION AND DISCLOSURES RELATED TO STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
1. Information on increases of revaluation of available-for-sale investments
Movement tables related to revaluation differences of available-for-sale investments where valuation differences arising from the fair value
measurement of available-for-sale assets, subsidiaries and affiliates are recorded are as follows:
Valuation Differences of Marketable Securities
Current Period
Prior Period
Valuation differences at the beginning of the year
428,920
(200,664)
Fair value changes in the current year
(611,594)
576,843
Effect of deferred and corporate taxes
122,319
(115,369)
Valuation differences transferred to the statement of income
44,339
210,138
Effect of deferred and corporate taxes
(8,868)
(42,028)
Valuation differences at the end of the year
(24,884)
428,920
Valuation Difference of the Subsidiaries and Affiliates
Current Period
Prior Period
Valuation differences at the beginning of the year
788,049
881,990
Fair value changes in the current year
72,012
(99,710)
Effect of deferred and corporate taxes
(4,764)
5,769
Valuation differences transferred to the statement of income
-
-
Effect of deferred and corporate taxes
-
-
Valuation differences at the end of the year
855,297
788,049
2. Information on increases in cash flow hedges
None.
3. Reconciliation of the beginning and end of the year balances of foreign exchange differences
None.
4. Information on differences in shareholders’ equity accounts due to inflation accounting
In compliance with BRSA’s Circular on 28 April 2005 on ceasing the inflation accounting application, the balances resulted from the inflation accounting
application as at 31 December 2004 and booked according to the Uniform Chart of Accounts and the related Articles, are transferred to the main
accounts that were subject to the inflation accounting adjustments except for “capital reserves from inflation adjustments”. The balance of “capital
reserves from inflation adjustments” account is transferred to “other capital reserves” account. In 2006, the Bank has increased its paid in capital
through “other capital reserves” by TL 605,763.
