VKF_FRAE_2017

183 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 EXPLANATIONS AND NOTES RELATED TO THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Information on currency risk Current Period Euro US Dollar Other FC Total Assets: Cash and balances with the Central Bank of Republic of Turkey 3,779,428 14,497,302 6,346,773 24,623,503 Banks 1,273,439 9,858,720 447,117 11,579,276 Financial assets at fair value through profit or loss (1) - 120,612 - 120,612 Interbank money market placements - - - - Available-for-sale financial assets 310,561 827,117 - 1,137,678 Loans and receivables (2) 25,182,315 32,205,844 74,494 57,462,653 Associates, subsidiaries and joint-ventures 362,248 - - 362,248 Held-to-maturity investments 570,123 3,960,542 - 4,530,665 Derivative financial assets held for risk management purpose - - - - Tangible assets - 7,619 - 7,619 Intangible assets - - - - Other assets (3) 1,011,192 2,519,359 265 3,530,816 Total assets 32,489,306 63,997,115 6,868,649 103,355,070 Liabilities: Bank deposits 368,654 7,583,592 313,320 8,265,566 Foreign currency deposits 16,679,420 24,922,159 1,877,353 43,478,932 Interbank money market takings - 3,571,811 - 3,571,811 Other funding 11,449,619 16,189,470 - 27,639,089 Securities issued 4,681,410 8,360,569 - 13,041,979 Miscellaneous payables 714,678 25,393 58,034 798,105 Derivative financial liabilities held for risk - - - - Other liabilities (1) (4) 213,032 8,123,311 11,782 8,348,125 Total liabilities 34,106,813 68,776,305 2,260,489 105,143,607 Net ‘on balance sheet’ position (1,617,507) (4,779,190) 4,608,160 (1,788,537) Net ‘off-balance sheet’ position 1,768,133 5,432,457 (4,605,831) 2,594,759 Derivative assets (6) 4,654,449 18,670,060 270,591 23,595,100 Derivative liabilities (6) 2,886,316 13,237,603 4,876,422 21,000,341 Non-cash loans (5) 5,608,465 12,773,104 276,093 18,657,662 Prior Period Euro US Dollar Other FC Total Total assets 26,354,962 52,932,124 4,719,504 84,006,590 Total liabilities 26,674,021 54,128,445 1,436,505 82,238,971 Net ‘on balance sheet’ position (319,059) (1,196,321) 3,282,999 1,767,619 Net ‘off-balance sheet’ position 343,259 3,068,001 (3,282,690) 128,570 Derivative assets (6) 3,404,136 21,698,055 290,944 25,393,135 Derivative liabilities (6) 3,060,877 18,630,054 3,573,634 25,264,565 Non-cash loans (5) 4,075,023 9,339,767 290,178 13,704,968 (1). Derivative financial assets amounting to TL 13,988 (December 31, 2016: TL 20,534) and liabilities amounting to TL 34,450 (December 31, 2016: TL 33,606) resulting from changes in foreign exchange rates are not included. (2). Foreign currency indexed loans amounting to TL 4,702,183 (December 31, 2016: TL 4,493,820) which are presented in TL column in the balance sheet are included in the table above. (3). Prepaid expenses amounting to TL 91,557 (December 31, 2016: TL 76,295) is not included. (4). Unearned revenues amounting to TL 189,318 (December 31, 2016: TL 158,497), deferred tax liabilities amounting to TL 47,679 (December 31, 2016: None) and equities amounting to TL 195,883 (December 31, 2016: TL 202,857) are not included. (5). Non-cash loans are not taken into consideration in the calculation of the net ‘off-balance sheet’ position. (6). Asset purchase commitments amounting to TL 232,555 (December 31, 2016: TL 918,356) and asset sales commitments amounting to TL 728,635 (December 31, 2016: TL 583,699) are included.