VAKIFBANK
2015 ANNUAL REPORT
306
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
TL
FC
Short Term Medium-Long Term
Short Term Medium-Long Term
Nominal
2,930,927
-
2,306,544
5,166,048
Cost
2,813,866
-
2,306,501
5,130,431
Net Book Value
2,866,343
-
2,315,445
5,202,920
4. Components of “other external resources payable” in the consolidated financials that comprise at least 20% of the account, if the account
exceeds 10% of total liabilities and equity excluding off-balance sheet commitments.
Other external resources payable in the consolidated financials do not exceed 10% of total liabilities and equity.
5. Criteria used in the determination of lease instalments in the finance lease contracts, renewal and purchase options, restrictions, and
significant burdens imposed on the bank on such contracts
Obligations under finance leases
None.
6. Information on derivative financial liabilities held for risk management purpose
Negative differences related to the derivative financial liabilities held for risk management purpose
None.
7. Information on provisions
Information on general provisions
Current Period
Prior period
Provisions for loans and receivables in Group I
1,606,200
1,326,468
- Additional provision for loans with extended payment plans
26,422
26,989
Provisions for loans and receivables in Group II
231,853
175,204
- Additional provision for loans with extended payment plans
21,057
14,696
Provisions for non-cash loans
106,422
93,418
Other
13,128
8,152
Total
1,957,603
1,603,242
Information on employee rights
According to the TAS-19- Judgments of benefits that are provided to employees, bank accounts and calculate provision to obligations of severance pay
and allowance rights.
As of 31 December 2015, TL 369,078 (31 December 2014: TL 344,858) provision for severance pay and TL 90,553 (31 December 2014: TL 81,733)
provision for unused vacation are stated in financial statements under employee rights provision.
