283
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
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Prior Period
Retail Banking Corporate Banking Investment Banking
Other
Total Operations
OPERATING INCOME/ EXPENSES
Interest Income
3,574,199
5,481,296
2,595,043
13,986
11,664,524
Interest income from loans
3,574,199
5,355,492
463,549
-
9,393,240
Interest income from reserve deposits
-
-
2,015
-
2,015
Interest income from securities portfolio
-
-
2,061,241
-
2,061,241
Interest income from banks
-
-
67,307
-
67,307
Interest income from money market transactions
-
-
931
-
931
Finance lease income
-
80,667
-
-
80,667
Other interest income
-
45,137
-
13,986
59,123
Interest Expense
2,090,574
2,836,377
1,850,867
31,926
6,809,744
Interest expense on deposits
2,090,574
2,791,066
162,296
-
5,043,936
Interest expense on funds borrowed
-
45,311
197,698
-
243,009
Interest expense on money market transactions
-
-
925,913
-
925,913
Interest expense on securities issued
-
-
445,715
-
445,715
Other interest expenses
-
-
119,245
31,926
151,171
Net Interest Income
1,483,625
2,644,919
744,176
(17,940)
4,854,780
Net Fees and Commissions Income
489,121
185,335
-
-
674,456
Trading Income/ Losses (Net)
-
-
248,795
-
248,795
Dividend Income
-
-
12,229
-
12,229
Other Income
(*)
-
-
-
2,119,791
2,119,791
Provision For Losses on Loans and Other Receivables
541,092
749,779
41,499
415,295
1,747,665
Other Expenses
(**)
-
-
-
3,903,605
3,903,605
Income/Loss From Investments Under Equity Accounting
-
-
33,077
-
33,077
Profit Before Taxes
1,431,654
2,080,475
996,778 (2,217,049)
2,291,858
Provision for taxes
-
-
-
(478,015)
(478,015)
Net Profit/ Loss
1,431,654
2,080,475
996,778 (2,695,064)
1,813,843
SEGMENT ASSETS
Securities Portfolio
-
-
23,796,373
-
23,796,373
Derivative Financial Assets Held for Trading Purpose
-
-
379,576
-
379,576
Banks and Receivables From Money Markets
-
-
3,578,012
-
3,578,012
Investments in Associates and Subsidiaries
-
-
523,114
-
523,114
Loans and Receivables
32,966,134
62,243,979
11,145,558
-
106,355,671
Other Assets
-
1,600,368
20,860,935
6,457,413
28,918,716
TOTAL ASSETS
32,966,134
63,844,347
60,283,568 6,457,413
163,551,462
SEGMENT LIABILITIES
Deposits
38,649,556
50,002,641
4,750,416
-
93,402,613
Derivative Financial Liabilities Held for Trading Purpose
-
-
270,627
-
270,627
Interbank Money Market Takings
-
-
16,655,241
-
16,655,241
Funds Borrowed
-
222,248
16,038,407
-
16,260,655
Securities Issued
-
-
10,384,708
-
10,384,708
Other Liabilities
-
-
2,330,138
4,681,025
7,011,163
Provisions and Tax Liabilities
-
-
-
4,605,932
4,605,932
Equity
-
-
-
14,960,523
14,960,523
TOTAL LIABILITIES AND EQUITY
38,649,556
50,224,889
50,429,537 24,247,480
163,551,462
(*)
TL 707,442 amount of TL 2,119,791 shown in other incomes consists of rejecting reserves from previous periods, TL 663,935 of acquired insurance premiums, TL 385,471 of income from the sale of Group’s assets, TL 85,302 of
communications income, TL 48,626 of income from private pension activities, TL 529 of leasing income and the remaining TL 228,486 of other operating income.
(**)
TL 1,386,610 amount of TL 3,903,605 shown in other expenses line consists of personnel expenses, TL 1,567,282 of other operating expenses, TL 143,705 of depreciation expenses, TL 129,797 of dividend reserves expenses to be
given to personnel, TL 93,190 of Savings Deposit Insurance Fund (SDIF) expenses, TL113,797 of taxes and funds expenses, and the remaining TL 469,224 of other expenses.
