VAKIFBANK
2015 ANNUAL REPORT
298
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.)
Investments in consolidated subsidiaries
Title
Address
(City / Country)
Bank’s Share –
If Different
Voting Rights (%)
Bank’s Risk
Group Share (%)
1 Güneş Sigorta A.Ş.
(*)
İstanbul/Turkey
36.35
36.35
2 Vakıf Emeklilik A.Ş.
(**)
İstanbul/Turkey
53.90
75.30
3 Vakıf Faktoring A.Ş.
(*)
İstanbul/Turkey
78.39
86.99
4 Vakıf Finansal Kiralama A.Ş.
(*)
İstanbul/Turkey
58.71
64.40
5 Vakıf Yatırım Menkul Değerler A.Ş.
(*)
İstanbul/Turkey
99.00
99.44
6 Vakıfbank International AG
Vienna/Austria
90.00
90.00
7 Vakıf Portföy Yönetimi A.Ş.
(***)
İstanbul/Turkey
100.00
100.00
8 Vakıf Menkul Kıymet Yatırım Ortaklığı A.Ş.
(*)
İstanbul/Turkey
22.89
32.91
9 Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş.
(***)
İstanbul/Turkey
38.70
40.64
Total Assets
Equity
Tangible
Assets
Interest
Income
Income on
Securities Portfolio
Current Year’s
Profit / (Loss)
Prior Period’s
Profit / (Loss)
Fair Value
1
1,536,797
306,102
505,414
36,609
17,139
(162,569)
13,440
275,394
2
3,767,621
196,387
99,596
21,365
659
25,881
21,162
705,800
3
780,829
105,709
2,746
71,634
-
14,047
10,052
79,300
4
1,505,588
143,644
20,098
142,595
-
23,637
(3,863)
77,808
5
220,163
94,458
790
6,008
1,303
(5,459)
3,830
86,700
6
3,092,692
399,531
964
84,931
17,947
8,957
33,078
482,382
7
14,673
14,123
245
1,020
23
2,236
1,913
56,900
8
18,040
17,682
25
403
12,123
(281)
19
16,022
9
772,101
770,829
485,566
24,077
-
22,403
14,498
468,342
(*)
These figures are obtained from audited 31 December 2015 financial statements announced at Public Disclosure Platform.
(**)
Financial information as at 30 September 2015 has been presented for these subsidiaries.
(***)
These figures are obtained from reviewed 30 September 2015 financial statements announced at Public Disclosure Platform.
Movement table of consolidated investments in subsidiaries in consolidated financial statements
Current Period
Prior Period
Balance at the beginning of the period
1,187,597
1,163,983
Movements during the period
162,573
23,614
Transfers
-
-
Acquisitions
-
172,562
Bonus shares received
805
-
Share of current year profit
(26,186)
(32,389)
Sales and liquidations
-
-
Fair value changes
199,779
(118,756)
Impairment losses
(11,825)
2,197
Balance at the end of the period
1,350,170
1,187,597
Capital commitments
-
-
Share percentage at the end of the period (%)
-
-
