321
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.)
12. Net profit and loss
Any further explanation on operating results needed for a proper understanding of the Bank’s performance
Group has earned TL 13,973,432 interest income and TL 8,238,164 interest expense, also incurred TL 870,329 amount of net fee and commission
income from its ordinary banking operations (31 December 2014: TL 11,664,524 interest income, TL 6,809,744 interest expense, TL 674,456 net fee
and commission income).
Any changes in estimations, that might have a material effect on current and subsequent year, is indicated
None.
13. Income/loss related to non-controlling interest
Current Period
Prior Period
Income/(losses) related to non-controlling interest
(74,675)
8,166
14. Information related to the sub-accounts which constitute at least 20% of other items, in case of the components of other items in the income
statement exceeding 10% of the group total
Other fees and commission income of the Group mainly consist of credit card fees and commissions, money transfer commissions, research fees.
Other fees and commission expenses of the Group mainly consist of credit card fees and commissions, commission paid for funds borrowed from
foreign banks.
V. INFORMATION AND DISCLOSURES RELATED TO STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
1. Information on increases that occur after revaluation of available-for-sale investments
Movement tables related to revaluation differences of available-for-sale investments where valuation differences arising from the fair value
measurement of available-for-sale assets, subsidiaries and affiliates are recorded are as follows:
Valuation Differences of Marketable Securities
Current Period
Prior Period
Valuation differences at the beginning of the year
459,241
(202,685)
Fair value changes in the current year
(630,217)
613,607
Effect of deferred and corporate taxes
125,540
(119,805)
Valuation differences transferred to the statement of income
45,131
210,155
Effect of deferred and corporate taxes
(9,026)
(42,031)
Valuation differences at the end of the year
(9,331)
459,241
Valuation Difference of the Subsidiaries and Affiliates
Current Period
Prior Period
Valuation differences at the beginning of the year
62,289
52,966
Fair value changes in the current year
(24,585)
10,203
Effect of deferred and corporate taxes
1,638
(880)
Valuation differences transferred to the statement of income
-
-
Effect of deferred and corporate taxes
-
-
Valuation differences at the end of the year
39,342
62,289
