VAKIFBANK
2015 ANNUAL REPORT
232
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 PROFIT DISTRIBUTION
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
Current Period
31 December 2015
Prior Period
31 December 2014
I.
DISTRIBUTION OF CURRENT YEAR PROFIT
(***)
1.1
CURRENT YEAR’S PROFIT
2,470,293
2,213,676
1.2
TAXES AND LEGAL DUTIES PAYABLE
(540,184)
(460,403)
1.2.1 Corporate tax (income tax)
V-IV-11
(404,310)
(601,519)
1.2.2 Withholding tax
-
-
1.2.3 Other taxes and duties
(**)
V-IV-11
(135,874)
141,116
A.
NET PROFIT FOR THE YEAR
1,930,109
1,753,273
1.3
DEFERED TAX INCOME TRANSFERRED TO OTHER RESERVES
V-IV-11
-
(141,116)
B.
NET PROFIT FOR THE YEAR AFTER DEFERRED TAX INCOME
1,930,109
1,612,157
1.4
ACCUMULATED LOSSES
-
-
1.5
FIRST LEGAL RESERVES
V-V-5
-
(80,607)
1.6
OTHER STATUTORY RESERVES
V-V-5
-
(80,607)
C.
NET PROFIT AVAILABLE FOR DISTRIBUTION
(*)
-
1,450,943
1.7
FIRST DIVIDEND TO SHAREHOLDERS
-
100,000
1.7.1 To owners of ordinary shares
-
100,000
1.7.2 To owners of privileged shares
-
-
1.7.3 To owners of redeemed shares
-
-
1.7.4 To profit sharing bonds
-
-
1.7.5 To holders of profit and loss sharing certificates
-
-
1.8
DIVIDENDS TO PERSONNEL
-
-
1.9
DIVIDENDS TO BOARD OF DIRECTORS
-
-
1.10 SECOND DIVIDEND TO SHAREHOLDERS
-
-
1.10.1 To owners of ordinary shares
-
-
1.10.2 To owners of privileged shares
-
-
1.10.3 To owners of redeemed shares
-
-
1.10.4 To profit sharing bonds
-
-
1.10.5 To holders of profit and loss sharing certificates
-
-
1.11 SECOND LEGAL RESERVES
-
-
1.12 STATUS RESERVES
-
-
1.13 EXTRAORDINARY RESERVES
V-V-5
-
1,114,821
1.14 OTHER RESERVES
-
-
1.15 SPECIAL FUNDS
V-V-5
-
236,122
II.
DISTRIBUTION FROM RESERVES
-
-
2.1
DISTRIBUTION OF RESERVES
-
-
2.2
SECOND LEGAL RESERVES
-
-
2.3
DIVIDENTS TO SHAREHOLDERS
-
-
2.3.1 To owners of ordinary shares
-
-
2.3.2 To owners of privileged shares
-
-
2.3.3 To owners of redeemed shares
-
-
2.3.4 To profit sharing bonds
-
-
2.3.5 To holders of profit and loss sharing certificates
-
-
2.4
DIVIDENDS TO PERSONNEL
-
-
2.5
DIVIDENDS TO BOARD OF DIRECTORS
-
-
III.
EARNINGS PER SHARE
-
-
3.1
TO OWNERS OF ORDINARY SHARES (Earning per 100 shares)
0.7720
0.7013
3.2
TO OWNERS OF ORDINARY SHARES (%)
77.20
70.13
3.3
TO OWNERS OF PRIVILEGED SHARES
-
-
3.4
TO OWNERS OF PRIVILEGED SHARES (%)
-
-
IV.
DIVIDEND PER SHARE
-
-
4.1
TO OWNERS OF ORDINARY SHARES
-
0.0400
4.2
TO OWNERS OF ORDINARY SHARES (%)
-
4.00
4.3
TO OWNERS OF PRIVILEGED SHARES
-
-
4.4
TO OWNERS OF PRIVILEGED SHARES (%)
-
-
(*)
As of report date, distributable net profit of the period is not shown as any decision regarding the 2015 profit distribution is not taken.
(**)
The amount shown in the other taxes and legal liabilities is deferred income/expense tax, and deferred tax income is not subject to profit distribution.
(***)
Profit distribution is made according to unconsolidated financial statements of the Parent Bank.
