VKF_FRAE_2017

187 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.) V. STOCK POSITION RISKS Stock position risks arising from banking book items Information on separations of risks according to objectives including their relation with gains presented in equity and strategically reasons, accounting techniques and general information about valuation methods with the related assumptions and factors that affect the valuation and significant changes The accounting applications regarding to share investment that qualifications in associate and subsidiary of are disclosed in Section 3 Note III. If carrying value is substantially different from fair value and for publicly traded shares if market value is substantially different from fair value, the comparison with the market prices are shown in the table below: Current Period Comparison Stock Investments Carrying Value Fair Value (*) Market Value (*) Stocks quoted in exchange (*) 871,231 871,231 871,231 1.Stocks Investments Group A 871,231 871,231 871,231 2.Stock Investments Group B - - - 3.Stock Investment Group C - - - Stocks unquoted in exchange (**) 1,735,155 1,634,967 - (*) The values of stocks traded in Stock Exchange are included to both columns assuming the market value is approximate to fair value. (**) The values of stocks unquoted in exchange are determined according to valuation reports prepared by independent valuation companies. Prior Period Comparison Stock Investments Carrying Value Fair Value (*) Market Value (*) Stocks quoted in exchange (*) 652,998 652,998 652,998 1.Stocks Investments Group A 652,998 652,998 652,998 2.Stock Investments Group B - - - 3.Stock Investment Group C - - - Stocks unquoted in exchange (**) 1,471,214 1,386,964 - (*) The values of stocks traded in Stock Exchange are included to both columns assuming the market value is approximate to fair value. (**) The values of stocks unquoted in exchange are determined according to valuation reports prepared by independent valuation companies.