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PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND
ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
The accompanying explanations and notes form an integral part of these consolidated financial statements.
Notes
Audited Current Period
31 December 2015
Audited Prior Period
31 December 2014
I.
INTEREST INCOME
13,973,432
11,664,524
1.1
Interest income from loans
V-IV-1
11,598,337
9,393,240
1.2
Interest income from reserve deposits
38,684
2,015
1.3
Interest income from banks
V-IV-1
78,724
67,307
1.4
Interest income from money market transactions
1,633
931
1.5
Interest income from securities portfolio
V-IV-1
2,072,208
2,061,241
1.5.1 Trading financial assets
V-IV-1
6,775
11,253
1.5.2 Financial assets designated at fair value through profit or loss
-
-
1.5.3 Available-for-sale financial assets
V-IV-1
1,409,589
1,489,664
1.5.4 Held-to-maturity investments
V-IV-1
655,844
560,324
1.6
Finance lease income
102,526
80,667
1.7
Other interest income
81,320
59,123
II.
INTEREST EXPENSE
8,238,164
6,809,744
2.1
Interest expense on deposits
V-IV-2
6,115,699
5,043,936
2.2
Interest expense on funds borrowed
V-IV-2
362,500
243,009
2.3
Interest expense on money market transactions
886,728
925,913
2.4
Interest expense on securities issued
V-IV-2
595,176
445,715
2.5
Other interest expenses
278,061
151,171
III.
NET INTEREST INCOME (I – II)
5,735,268
4,854,780
IV.
NET FEES AND COMMISSIONS INCOME
870,329
674,456
4.1
Fees and commissions received
1,351,513
1,109,503
4.1.1 Non-cash loans
186,784
162,970
4.1.2 Others
1,164,729
946,533
4.2
Fees and commissions paid
481,184
435,047
4.2.1 Non-cash loans
1,148
918
4.2.2 Others
480,036
434,129
V.
DIVIDEND INCOME
V-IV-3
37,169
12,229
VI.
TRADING INCOME/LOSSES (Net)
V-IV-4
139,931
248,795
6.1
Trading account income/losses
V-IV-4
46,761
176,073
6.2
Income/losses from derivative financial instruments
V-IV-4
(29,129)
(39,189)
6.3
Foreign exchange gains/losses
V-IV-4
122,299
111,911
VII.
OTHER OPERATING INCOME
V-IV-5
2,036,648
2,119,791
VIII.
TOTAL OPERATING PROFIT (III+IV+V+VI+VII)
8,819,345
7,910,051
IX.
PROVISION FOR LOSSES ON LOANS AND OTHER RECEIVABLES (-)
V-IV-6
1,635,860
1,747,665
X.
OTHER OPERATING EXPENSES (-)
V-IV-7
4,817,078
3,903,605
XI.
NET OPERATING PROFIT/LOSS (VIII-IX-X)
2,366,407
2,258,781
XII.
INCOME RESULTED FROM MERGERS
-
-
XIII.
INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING
34,617
33,077
XIV.
GAIN/LOSS ON NET MONETARY POSITION
-
-
XV.
INCOME/LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (XI+XII+XIII+XIV)
V-IV-8
2,401,024
2,291,858
XVI.
CONTINUING OPERATIONS PROVISION FOR TAXES
V-IV-9
(527,111)
(478,015)
16.1 Current tax charges
V-IV-11
(417,396)
(612,250)
16.2 Deferred tax credits
V-IV-11
(109,715)
134,235
XVII.
NET INCOME/LOSS AFTER TAXES FROM CONTINUING OPERATIONS (XV±XVI)
V-IV-12
1,873,913
1,813,843
XVIII.
INCOME FROM DISCONTINUED OPERATIONS
-
-
18.1 Income from investment properties
-
-
18.2 Income from sales of subsidiaries, affiliates and joint-ventures
-
-
18.3 Other income from discontinued activities
-
-
XIX.
EXPENSES FROM DISCONTINUED OPERATIONS(-)
-
-
19.1 Investment property expenses
-
-
19.2 Losses from sales of subsidiaries, affiliates and joint ventures
-
-
19.3 Other expenses from discontinued activities
-
-
XX.
INCOME/LOSS FROM DISCONTINUED OPERATIONS BEFORE TAXES(XVIII-XIX)
-
-
XXI.
DISCONTINUED OPERATIONS PROVISION FOR TAXES(±)
-
-
21.1 Current tax charge
-
-
21.2 Deferred tax charge
-
-
XXII.
NET INCOME/LOSS AFTER TAXES FROM DISCONTINUED OPERATIONS(XX±XXI)
-
-
XXIII.
NET PROFIT/LOSS (XVI+XXII)
V-IV-12
1,873,913
1,813,843
23.1.
Equity holders of the Bank
1,948,588
1,805,677
23.2.
Non-controlling interest(-)
V-IV-13
(74,675)
8,166
Earnings per 100 Share (full TL)
III-XXIV
0.7496
0.7255
