VKF_FRAE_2017

235 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.) Movement table of investments in subsidiaries Current Period Prior Period Balance at the beginning of the period 1,797,124 1,604,319 Movements during the period 416,734 192,805 Transfers - - Acquisitions and capital increases - 76,155 Bonus shares received 51,974 24,858 Dividends from current year profit (17,527) (1,694) Sales and liquidations (232) - Fair value changes 371,260 87,159 Impairment losses 11,259 6,327 Balance at the end of the period 2,213,858 1,797,124 Capital commitments - - Share percentage at the end of the period (%) - - Methods to measure investments in subsidiaries Current Period Prior Period Measured at cost - - Measured at fair value 2,213,858 1,797,124 Equity method of accounting - - Total 2,213,858 1,797,124 Sectoral distribution of investments in financial subsidiaries Current Period Prior Period Insurance companies 362,247 434,112 Banks 835,401 568,089 Factoring companies 123,551 74,498 Leasing companies 136,632 79,019 Finance companies - - Other financial subsidiaries 492,307 372,510 Total 1,950,138 1,528,228 Quoted subsidiaries Current Period Prior Period Quoted at domestic stock exchanges 578,891 410,160 Quoted at international stock exchanges - - Total 578,891 410,160 Investments in subsidiaries disposed during the period There is no disposal in subsidiaries in the current period. Investments in subsidiaries acquired during the period In the current period, denomination of Vakıf Emeklilik AŞ has changed to “Vakıf Emeklilik ve Hayat AŞ” on July, 26 2017, respective alteration is registered officially in trade registry.