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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 CASH FLOWS
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
A.
CASH FLOWS FROM BANKING OPERATIONS
1.1 Operating profit before changes in operating assets and liabilities
3,238,846
3,209,873
1.1.1 Interests received
13,135,951
10,753,156
1.1.2 Interests paid
(8,073,427)
(6,710,476)
1.1.3 Dividends received
5,483
5,869
1.1.4 Fee and commissions received
1,351,513
1,109,503
1.1.5 Other income
1,106,645
1,231,954
1.1.6 Collections from previously written-off loans and other receivables
V-I-5
1,018,600
707,442
1.1.7 Payments to personnel and service suppliers
(1,715,096)
(1,415,182)
1.1.8 Taxes paid
(691,055)
(556,581)
1.1.9 Other
V-VI-1
(2,899,768)
(1,915,812)
1.2 Changes in operating assets and liabilities
(3,851,919)
(3,116,050)
1.2.1 Net (increase) decrease in financial assets held for trading purpose
(42,630)
141,710
1.2.2 Net (increase) decrease in financial assets valued at fair value through profit or loss
-
-
1.2.3 Net (increase) decrease in due from banks and other financial institutions
(2,341,828)
(345,515)
1.2.4 Net (increase) decrease in loans
(20,944,190)
(19,225,256)
1.2.5 Net (increase) decrease in other assets
(433,611)
(31,827)
1.2.6 Net increase (decrease) in bank deposits
722,756
721,273
1.2.7 Net increase (decrease) in other deposits
17,810,595
9,627,944
1.2.8 Net increase (decrease) in funds borrowed
3,813,977
3,932,304
1.2.9 Net increase (decrease) in matured payables
-
-
1.2.10 Net increase (decrease) in other liabilities
V-VI-1
(2,436,988)
2,063,317
I.
Net cash flow from banking operations
(613,073)
93,823
B.
CASH FLOWS FROM INVESTING ACTIVITIES
II.
Net cash flow from investing activities
(1,615,919)
(405,045)
2.1
Cash paid for purchase of associates, subsidiaries and joint-ventures
-
(205,714)
2.2
Proceeds from disposal of associates, subsidiaries and joint-ventures
-
-
2.3
Cash paid for purchase of tangible assets
(858,423)
(175,892)
2.4
Proceeds from disposal of tangible assets
580,786
459,768
2.5
Cash paid for purchase of available-for-sale financial assets
(4,215,603)
(5,907,461)
2.6
Proceeds from disposal of available-for-sale financial assets
3,410,191
6,871,852
2.7
Cash paid for purchase of held-to-maturity investments
(1,610,704)
(2,869,774)
2.8
Proceeds from disposal of held-to-maturity investments
1,129,187
1,466,184
2.9
Other
V-VI-1
(51,353)
(44,008)
C.
CASH FLOWS FROM FINANCING ACTIVITIES
III.
Net cash flow from financing activities
2,125,686
3,409,685
3.1
Cash obtained from funds borrowed and securities issued
9,840,198
8,540,424
3.2
Cash used for repayment of funds borrowed and securities issued
(7,612,999)
(5,028,368)
3.3
Equity instruments issued
-
-
3.4
Dividends paid
(101,513)
(102,371)
3.5
Repayments for finance leases
-
-
3.6
Other
-
-
IV.
Effect of change in foreign exchange rates on cash and cash equivalents
V-VI-1
(30,472)
4,539
V.
Net (decrease) / increase in cash and cash equivalents
(133,778)
3,103,002
VI.
Cash and cash equivalents at the beginning of the period
V-VI-4
9,190,905
6,087,903
VII.
Cash and cash equivalents at the end of the period
V-VI-4
9,057,127
9,190,905
