VKF_FRAE_2017

147 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 CASH FLOW 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 December 31, 2017 Audited Prior Period December 31, 2016 A. CASH FLOWS FROM BANKING OPERATIONS 1.1 Operating profit before changes in operating assets and liabilities 6,084,021 3,714,415 1.1.1 Interests received 19,820,982 15,258,012 1.1.2 Interests paid (12,333,577) (9,442,454) 1.1.3 Dividends received 34,690 14,819 1.1.4 Fee and commissions received 1,999,713 1,530,415 1.1.5 Other income 66,699 114,334 1.1.6 Collections from previously written-off loans and other receivables 1,353,005 1,156,863 1.1.7 Payments to personnel and service suppliers (2,025,203) (1,723,337) 1.1.8 Taxes paid (776,051) (926,251) 1.1.9 Other V-VI-1 (2,056,237) (2,267,986) 1.2 Changes in operating assets and liabilities 1,010,197 (4,599,505) 1.2.1 Net (increase) decrease in financial assets held for trading purpose (62) (201) 1.2.2 Net (increase) decrease in financial assets valued at fair value through profit or loss - - 1.2.3 Net (increase) decrease in due from banks and other financial institutions (4,082,794) 1,371,941 1.2.4 Net (increase) decrease in loans (37,194,911) (25,683,142) 1.2.5 Net (increase) decrease in other assets (3,379,376) (102,153) 1.2.6 Net increase (decrease) in bank deposits 4,637,814 (469,244) 1.2.7 Net increase (decrease) in other deposits 26,101,910 14,322,656 1.2.8 Net increase (decrease) in funds borrowed 4,076,090 5,604,676 1.2.9 Net increase (decrease) in matured payables - - 1.2.10 Net increase (decrease) in other liabilities V-VI-1 10,851,526 355,962 I. Net cash flow from banking operations 7,094,218 (885,090) B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net cash flow from investing activities (2,629,403) (1,137,408) 2.1 Cash paid for purchase of associates, subsidiaries and joint-ventures - (76,155) 2.2 Proceeds from disposal of associates, subsidiaries and joint-ventures V-VI-3 232 - 2.3 Purchases of tangible assets (153,273) (232,811) 2.4 Proceeds from disposal of tangible assets 560,233 458,440 2.5 Cash paid for purchase of available-for-sale financial assets (7,355,604) (6,473,075) 2.6 Proceeds from disposal of available-for-sale financial assets 4,599,232 5,430,885 2.7 Cash paid for purchase of held-to-maturity investments (2,423,358) (1,873,688) 2.8 Proceeds from disposal of held-to-maturity investments 2,186,864 1,673,758 2.9 Other V-VI-1 (43,729) (44,762) C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net cash flow from financing activities 5,464,623 4,836,498 3.1 Cash obtained from funds borrowed and securities issued 17,617,496 14,111,686 3.2 Cash used for repayment of funds borrowed and securities issued (12,032,873) (9,175,188) 3.3 Equity instruments issued - - 3.4 Dividends paid (120,000) (100,000) 3.5 Repayments for finance leases - - 3.6 Other - - IV. Effect of change in foreign exchange rates on cash and cash equivalents V-VI-1 (91,144) 94,345 V. Net increase in cash and cash equivalents 9,838,294 2,908,345 VI. Cash and cash equivalents at the beginning of the period V-VI-4 11,108,769 8,200,424 VII. Cash and cash equivalents at the end of the period V-VI-4 20,947,063 11,108,769