309
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.)
11. Information on shareholders’ equity
Paid-in capital
Current Period
Prior Period
Common stock
2,500,000
2,500,000
Preferred stock
-
-
Paid-in capital of the Parent Bank amounted to TL 2,500,000 is divided into groups comprised of 43.0% Group (A), 15.6 % Group (B), 16.2% Group (C)
and 25.2% Group (D).
Board of Directors’ members; one member is appointed by the Prime Minister representing The General Directorate of the Foundations (Group A), three
members are appointed representing Group (A), one member is appointed representing Group (B), and two members are appointed representing
Group (C), and one member is appointed among the nominees offered by the shareholders at the General Assembly. Preference of Group (D) is
primarily taken into account in the selection of the last mentioned member.
Paid-in capital amount, explanation as to whether the registered share capital system is applicable at the parent bank; if so the amount of
registered share capital
Capital System
Paid-in Capital
Ceiling per
Registered
Share Capital
Registered capital system
2,500,000
10,000,000
At the resolutions of Board of Directors dated 2 January 2015 and 61st Ordinary Meeting of the General Assembly dated 30 March 2015, the Parent
Bank’s ceiling per registered share capital has been increased from TL 5,000,000 to TL 10,000,000.
Information on share capital increases and their sources; other information on any increase in capital shares during the current period
There is no share capital increase in the current year and previous year.
Information on share capital increases from revaluation funds
None.
Prior period indicators of the Parent Bank’s income, profitability and liquidity; and possible effects of the predictions on equity, considering the
ambiguity of the indicators
None.
Information on the privileges given to stocks representing the capital
None.
Valuation differences of the marketable securities
Current Period
Prior Period
TL
FC
TL
FC
Associates, subsidiaries and joint ventures
39,342
-
62,289
-
Fair value differences of available-for-sale securities
(266,736)
257,405
178,440
280,801
Foreign exchange differences
-
-
-
-
Total
(227,394)
257,405
240,729
280,801
