VKF_FRAE_2017

255 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.) 5. Information on other operating income Current Period Prior Period Income from reversal of specific provisions for loans 936,786 665,884 Communication income 43,602 40,316 Gain on sale of assets 148,977 164,709 Rent income 1,018 923 Other income 543,146 82,199 Total 1,673,529 954,031 6. Provision expenses for losses on loans and other receivables Current Period Prior Period Specific provisions on loans and other receivables 2,194,095 1,935,699 Loans and receivables in Group III 485,250 717,481 Loans and receivables in Group IV 593,276 526,966 Loans and receivables in Group V 1,115,569 691,252 Non-performing commissions and other receivables - - General provision expenses 208 213,855 Provision for possible losses 500,000 - Impairment losses on securities: 424 4,682 Trading securities - - Investment securities available-for-sale 424 4,682 Impairment losses from associates, subsidiaries, joint ventures, and marketable securities held to maturity : 29,147 25,297 Associates - - Subsidiaries 2,525 - Joint ventures - - Investment securities held-to-maturity 26,622 25,297 Other (*) 63,659 66,981 Total 2,787,533 2,246,514 (*) Other provision expenses amounting to TL 63,659 (December 31, 2016: TL 66,981) is comprised of provision for non-cash loans that are not indemnified or converted into cash and provision for cheques amounting to TL 48,866 (December 31, 2016: TL 44,085) and provision expenses related to retail loans amounting to TL 14,793 (December 31, 2016: TL 22,896)