VKF_FRAE_2017

237 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.) 12. Information on tangible assets Real Estates Leased Tangible Assets Vehicles Other Tangible Assets Total Balance at the end of the prior year: Cost 921,897 111,890 27,927 1,261,847 2,323,561 Accumulated depreciation(-) 6,543 109,022 23,118 768,772 907,455 Impairment (-) 6,231 - - - 6,231 Net book value 909,123 2,868 4,809 493,075 1,409,875 Balance at the end of the current year: Net book value at the beginning of the current year 909,123 2,868 4,809 493,075 1,409,875 Additions 9,007 - 3,282 141,130 153,419 Cost of the disposals 11,008 - 8,164 8,376 27,548 Classification Among the Tangible Fixed Assets - (111,890) - 111,890 - Depreciation of the disposals 107 - 7,982 6,794 14,883 Depreciation of the current year (-) 5,558 - 1,598 127,335 134,491 Classification Among the Depreciation of the Tangible Fixed Assets - (109,022) - 109,022 - Impairment (-) - - - - - Net exchange differences from Foreign Branches - - 26 1,099 1,125 Cost at the end of the current year 919,896 - 23,071 1,507,590 2,450,557 Accumulated depreciation at the end of the year (-) 11,994 - 16,734 998,335 1,027,063 Impairment (-) (*) 6,231 - - - 6,231 Net book value at the end of the current year 901,671 - 6,337 509,255 1,417,263 13. Information on intangible assets Bank’s intangible assets consist of computer softwares and licences. The estimated useful life of intangible assets is five years. Intangible assets are amortized on a straight-line basis over the estimated useful lifes. The Bank divides the extinction share of intangible assets according to inflation adjusted values. There is not any intangible asset that is important for fullest extend of financial statements. Bank does not have any intangible asset that is collateral or acquired by government promotion and has a limitation on usage. The Bank did not declared a commitment to purchase intangible assets. 14. Information on investment properties None.