VAKIFBANK
2015 ANNUAL REPORT
296
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.)
8. Investments in subsidiaries
Information on significant subsidiaries
Vakıfbank
International AG
Vakıf Finansal
Kiralama A.Ş.
Vakıf Yatırım
Menkul
Değerler A.Ş.
Vakıf
Faktoring A.Ş.
Güneş
Sigorta A.Ş.
Vakıf
Emeklilik A.Ş.
Vakıf Portföy
Yönetimi A.Ş.
Vakıf
Gayrimenkul
Yat. Ort. A.Ş.
Vakıf Menkul
Kıymet
Yat. Ort. A.Ş.
Paid in Capital
114,483
65,000
35,000
22,400
150,000
26,500
3,000
205,400
20,000
Share Premium
-
-
-
-
-
-
-
246,731
-
Adjustment to paid-in capital
-
239
(260)
28,907
(1,493)
7,021
47
21,992
59
Valuation changes in marketable
securities
18,725
2,680
48,986
283
232,709
340
-
-
-
Profit on sale of associates,
subsidiaries and buildings
-
15,105
-
-
133,413
50,005
-
-
-
Bonus shares from investment and
associates, subsidiaries and joint
ventures (business partners)
-
-
-
-
59
191
-
-
-
Legal Reserves
8,824
3,910
5,644
5,128
17,179
18,385
920
4,709
395
Extraordinary Reserves
-
32,963
7,368
34,943
19,247
38,943
7,919
73,477
-
Other Profit Reserves
170,248
-
2,308
-
-
-
-
-
-
Profit/Loss
107,257
23,634
(4,587)
14,049
(324,291)
113,391
3,301
33,805
(2,771)
Prior Period’s Profit/Loss
102,600
-
872
-
(144,975)
54,925
-
-
(2,490)
Current Period’s Profit/Loss
4,657
23,634
(5,459)
14,049
(179,316)
58,466
3,301
33,805
(281)
Minority Rights
-
111
-
-
-
-
-
-
-
Total Core Capital
419,537
143,642
94,459
105,710
226,823
254,776
15,187
586,114
17,683
SUPPLEMENTARY CAPITAL
-
-
-
-
-
-
-
-
-
CAPITAL
419,537
143,642
94,459
105,710
226,823
254,776
15,187
586,114
17,683
NET AVAILABLE EQUITY
419,537
143,642
94,459
105,710
226,823
254,776
15,187
586,114
17,683
(*)
Audited BRSA financial statements as of 31 December 2015 are considered.
Vakıf Yatırım Menkul Değerler A.Ş., which is one of the consolidated subsidiaries of the Parent Bank, calculates capital adequacy in accordance with “Communiqué on Capital and Capital
Adequacy of Intermediary Firms” of Capital Markets Board as six months periods. Güneş Sigorta A.Ş. and Vakıf Emeklilik A.Ş., which are the consolidated subsidiaries of the Parent Bank
operating in insurance sector, calculate capital adequacy in accordance with “Communiqué on Capital Adequacy Measurement and Assessment for Insurance, Reinsurance and Pension Firms”
published by Undersecretariat of Treasury as six months periods. According to the calculations at 31 December 2015, there is no capital requirement for the subsidiaries mentioned.
