VKF_FRAE_2017

143 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 STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) The accompanying explanations and notes form an integral part of these financial statements. Notes Audited Current Period January 1, 2017- December 31, 2017 Audited Current Period January 1, 2016- December 31, 2016 I. INTEREST INCOME 21,444,094 16,557,626 1.1 Interest income from loans V-IV-1 18,262,838 14,211,917 1.2 Interest income from reserve deposits 221,541 111,798 1.3 Interest income from banks V-IV-1 52,638 25,032 1.4 Interest income from money market transactions 35,186 - 1.5 Interest income from securities portfolio V-IV-1 2,868,891 2,204,418 1.5.1 Trading financial assets - - 1.5.2 Financial assets designated at fair value through profit or loss - - 1.5.3 Available-for-sale financial assets 1,708,617 1,496,674 1.5.4 Held-to-maturity investments 1,160,274 707,744 1.6 Finance lease income - - 1.7 Other interest income 3,000 4,461 II. INTEREST EXPENSE 12,822,668 9,590,985 2.1 Interest expense on deposits V-IV-2 9,205,081 7,213,909 2.2 Interest expense on funds borrowed V-IV-2 671,892 385,750 2.3 Interest expense on money market transactions 1,523,311 992,840 2.4 Interest expense on securities issued V-IV-2 1,020,139 680,296 2.5 Other interest expenses 402,245 318,190 III. NET INTEREST INCOME (I – II) 8,621,426 6,966,641 IV. NET FEES AND COMMISSIONS INCOME 1,330,665 980,883 4.1 Fees and commissions received 1,999,713 1,530,415 4.1.1 Non-cash loans 302,057 230,650 4.1.2 Others 1,697,656 1,299,765 4.2 Fees and commissions paid 669,048 549,532 4.2.1 Non-cash loans 130 67 4.2.2 Others 668,918 549,465 V. DIVIDEND INCOME V-IV-3 93,561 91,753 VI. TRADING INCOME/LOSSES (Net) V-IV-4 164,212 483,813 6.1 Trading account income/losses V-IV-4 45,149 21,836 6.2 Income/losses from derivative financial instruments V-IV-4 (26,021) 357,841 6.3 Foreign exchange gains/losses V-IV-4 145,084 104,136 VII. OTHER OPERATING INCOME V-IV-5 1,673,529 954,031 VIII. TOTAL OPERATING PROFIT (III+IV+V+VI+VII) 11,883,393 9,477,121 IX. PROVISION FOR LOSSES ON LOANS AND OTHER RECEIVABLES (-) V-IV-6 2,787,533 2,246,514 X. OTHER OPERATING EXPENSES (-) V-IV-7 4,420,728 3,835,083 XI. NET OPERATING PROFIT/LOSS (VIII-IX-X) 4,675,132 3,395,524 XII. INCOME RESULTED FROM MERGERS - - XIII. INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING - - XIV. GAIN/LOSS ON NET MONETARY POSITION - - XV. INCOME/LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (XI+XII+XIII+XIV) 4,675,132 3,395,524 XVI. CONTINUING OPERATIONS PROVISION FOR TAXES V-IV-11 (951,749) (692,482) 16.1 Current tax charges (792,677) (712,424) 16.2 Deferred tax credits (159,072) 19,942 XVII. NET INCOME/LOSS AFTER TAXES FROM CONTINUING OPERATIONS (XV-XVI) V-IV-12 3,723,383 2,703,042 XVIII. INCOME FROM DISCONTINUED OPERATIONS - - 18.1 Income from investment properties - - 18.2 Income from sales of subsidiaries, affiliates and joint-ventures - - 18.3 Other income from discontinued activities - - XIX. EXPENSES FROM DISCONTINUED OPERATIONS - - 19.1 Investment property expenses - - 19.2 Losses from sales of subsidiaries, affiliates and joint ventures - - 19.3 Other expenses from discontinued activities - - XX. INCOME/LOSS FROM DISCONTINUED OPERATIONS BEFORE TAXES - - XXI. DISCONTINUED OPERATIONS PROVISION FOR TAXES - - 21.1 Current tax charge - - 21.2 Deferred tax charge - - XXII. NET INCOME/LOSS AFTER TAXES FROM DISCONTINUED OPERATIONS - - XXIII. NET PROFIT/LOSS (XVII+XXII) V-IV-12 3,723,383 2,703,042 Profit/Loss per 100 shares (full TL) III-XXIV 1.4894 1.0812