VAKIFBANK
2015 ANNUAL REPORT
320
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. Information on income/loss from discontinued and continuing operations
Information and detailed tables on profit before tax from continuing operations are presented in disclosures 1-7 in this section. The Group has no
discontinued operations.
9. Information on tax provision from discontinued and continuing operations
Information on provision for taxes on income from continuing operations is presented in disclosure 11 in this section. The Group has no discontinued
operations.
10. Information on net profit/loss from discontinued and continuing operations
Information on net profit/loss from continuing operations is presented in disclosures 1-13 in this section. The Group has no discontinued operations.
11. Provision for taxes on income
Current year taxation benefit or charge and deferred tax benefit or charge
In the current year, the Group recorded a tax provision of TL 417,396 (31 December 2014: TL 612,250) from the operating profit in accordance with the
Corporate Tax Law and other laws and regulations.
Deferred tax charge arising from temporary differences, tax losses and unused tax credits
Sources of deferred tax benefit/charge
Current Period
Prior Period
Arising from Origination/ (Reversal) of Deductible Temporary Differences
(33,782)
63,170
Arising from (Origination)/ Reversal of Taxable Temporary Differences
(75,933)
71,065
Arising from Origination)/ (Reversal) of Tax Losses
-
-
Arising from Tax Rate Change
-
-
Total
(109,715)
134,235
