VKF_FRAE_2017

PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT 140 VakıfBank Annual Report 2017 CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUEDIN TURKISH, SEE NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS AT DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) SECTION TWO UNCONSOLIDATED FINANCIAL STATEMENTS Audited Current Period December 31, 2017 Audited Prior Period December 31, 2016 ASSETS Notes TL FC Total TL FC Total I. CASH AND BALANCES WITH THE CENTRAL BANK V-I-1 4,021,321 24,623,503 28,644,824 4,409,130 19,956,167 24,365,297 II. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Net) V-I-2 1,802,188 134,600 1,936,788 1,478,068 133,112 1,611,180 2.1 Financial assets held for trading purpose 1,802,188 134,600 1,936,788 1,478,068 133,112 1,611,180 2.1.1 Debt securities issued by the governments - - - - - - 2.1.2 Equity securities - - - - - - 2.1.3 Derivative financial assets held for trading purpose V-I-2 1,801,925 134,600 1,936,525 1,477,867 133,112 1,610,979 2.1.4 Other securities 263 - 263 201 - 201 2.2 Financial assets designated at fair value through profit or loss - - - - - - 2.2.1 Debt securities issued by the governments - - - - - - 2.2.2 Equity securities - - - - - - 2.2.3 Loans - - - - - - 2.2.4 Other securities - - - - - - III. BANKS V-I-3 308,552 11,579,276 11,887,828 37,570 3,852,752 3,890,322 IV. RECEIVABLES FROM INTERBANK MONEY MARKETS 1,652,102 - 1,652,102 - - - 4.1 Interbank money market placements 1,652,102 - 1,652,102 - - - 4.2 Istanbul Stock Exchange money market placements - - - - - - 4.3 Receivables from reverse repurchase agreements - - - - - - V. AVAILABLE-FOR-SALE FINANCIAL ASSETS (Net) V-I-4 12,412,036 1,137,678 13,549,714 12,588,929 5,230,128 17,819,057 5.1 Equity securities 15 43,355 43,370 15 27,595 27,610 5.2 Debt securities issued by the governments 12,412,021 1,094,323 13,506,344 12,588,914 5,202,533 17,791,447 5.3 Other securities - - - - - - VI. LOANS AND RECEIVABLES V-I-5 131,211,145 52,760,470 183,971,615 100,121,757 47,590,618 147,712,375 6.1 Performing loans and receivables 130,197,248 52,734,980 182,932,228 99,028,374 47,590,618 146,618,992 6.1.1 Loans provided to risk group V-VII-1 63,865 98,796 162,661 36,595 295,669 332,264 6.1.2 Debt securities issued by the governments - - - - - - 6.1.3 Other 130,133,383 52,636,184 182,769,567 98,991,779 47,294,949 146,286,728 6.2 Loans under follow-up 7,605,376 32,830 7,638,206 6,413,503 - 6,413,503 6.3 Specific provisions (-) 6,591,479 7,340 6,598,819 5,320,120 - 5,320,120 VII. FACTORING RECEIVABLES - - - - - - VIII. HELD-TO-MATURITY INVESTMENT SECURITIES (Net) V-I-6 12,235,406 4,530,665 16,766,071 8,039,914 140,621 8,180,535 8.1 Debt securities issued by the governments 12,235,406 4,286,627 16,522,033 8,039,914 - 8,039,914 8.2 Other securities - 244,038 244,038 - 140,621 140,621 IX. INVESTMENTS IN ASSOCIATES (Net) V-I-7 349,158 - 349,158 299,478 - 299,478 9.1 Associates, consolidated per equity method - - - - - - 9.2 Unconsolidated associates 349,158 - 349,158 299,478 - 299,478 9.2.1 Financial associates 337,758 - 337,758 288,078 - 288,078 9.2.2 Non-Financial associates 11,400 - 11,400 11,400 - 11,400 X. INVESTMENTS IN SUBSIDIARIES (Net) V-I-8 1,851,610 362,248 2,213,858 1,363,012 434,112 1,797,124 10.1 Unconsolidated financial subsidiaries 1,587,890 362,248 1,950,138 1,094,116 434,112 1,528,228 10.2 Unconsolidated non-financial subsidiaries 263,720 - 263,720 268,896 - 268,896 XI. INVESTMENTS IN JOINT-VENTURES (Net) V-I-9 - - - - - - 11.1 Joint-ventures, consolidated per equity method - - - - - - 11.2 Unconsolidated joint-ventures - - - - - - 11.2.1 Financial joint-ventures - - - - - - 11.2.2 Non-Financial joint-ventures - - - - - - XII. LEASE RECEIVABLES V-I-10 - - - - - - 12.1 Finance lease receivables - - - - - - 12.2 Operational lease receivables - - - - - - 12.3 Other - - - - - - 12.4 Unearned income (-) - - - - - - XIII. DERIVATIVE FINANCIAL ASSETS HELD FOR RISK MANAGEMENT PURPOSE V-I-11 - - - - - - 13.1 Fair value hedges - - - - - - 13.2 Cash flow hedges - - - - - - 13.3 Hedges of net investment in foreign operations - - - - - - XIV. TANGIBLE ASSETS (Net) V-I-12 1,409,644 7,619 1,417,263 1,401,949 7,926 1,409,875 XV. INTANGIBLE ASSETS (Net) V-I-13 210,970 - 210,970 193,866 - 193,866 15.1 Goodwill - - - - - - 15.2 Other intangibles 210,970 - 210,970 193,866 - 193,866 XVI. INVESTMENT PROPERTIES (Net) V-I-14 - - - - - - XVII. TAX ASSETS - - - 83,109 - 83,109 17.1 Current tax assets - - - - - - 17.2 Deferred tax assets V-I-15 - - - 83,109 - 83,109 XVIII. ASSETS HELD FOR SALE AND ASSETS RELATED TO THE DISCONTINUED OPERATIONS (Net) V-I-16 1,312,493 - 1,312,493 1,227,867 - 1,227,867 18.1 Assets held for sale 1,312,493 - 1,312,493 1,227,867 - 1,227,867 18.2 Assets related to the discontinued operations - - - - - - XIX. OTHER ASSETS V-I-17 3,036,653 3,622,373 6,659,026 1,685,657 2,264,163 3,949,820 TOTAL ASSETS 171,813,278 98,758,432 270,571,710 132,930,306 79,609,599 212,539,905 The accompanying explanations and notes form an integral part of these financial statements.