VKF_FRAE_2017

259 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.) VI. INFORMATION AND DISCLOSURES ON STATEMENT OF CASH FLOWS 1. Disclosures for “other” items in statement of cash flows and effect of change in foreign currency rates cash and cash equivalents “Other” item under the “operating profit before changes in operating assets and liabilities” amounting to TL (2,056,237) (December 31, 2016: TL (2,267,986)) is comprised cash amount of other operating expenses, fee and commisions paid and trading income/ losses. “Net increase/decrease in other liabilities” amounting to TL 10,851,526 (December 31, 2016: TL 355,962) under “Net increase (decrease) in other liabilities ” is mainly comprised of cash inflows from funds provided by interbank Money markets. “Other” item under “net cash flow from investing activities” amounting to TL (43,729) (December 31, 2016: TL (44,762) ) is comprised of purchases of intangible assets. When calculating exchange rate effect on cash and cash equivalents, related assests’ high turnover rate are taken into consideration. Each exchange rate’s arithmetic average of the last five days before the report date and provision of average TL that is calculated from the difference from current period’s exchange rate are reflected as an effect of exchange rate change on the cash flow statement. Except for the above-mentioned, banks that have less than three months to maturity are accepted as cash equivalents and average TL provision is calculated by difference between related operation’s per term exchange rate and current period’s exchange rate. As of December 31, 2017 impact of the exchange rate change on cash and cash equivalents is TL (91,144) (December 31, 2016: TL 94,345). 2. Cash outflows from acquisition of associates, subsidiaries and joint-ventures There is not any cash flow that is related with Bank’s subsidiaries in the current and previous periods. 3. Cash flows from the disposal of associates, subsidiaries and joint-ventures The bank had realised the sale of its shares in Güneş Sigorta A.Ş, which amounts to TL 232, corresponding to its 500,000 number of shares in the current period. 4. Information on cash and cash equivalents Information on cash and cash equivalents at the beginning of the year Prior Period December 31, 2016 Prior Period December 31, 2015 Cash on hand 1,785,996 1,434,849 Cash in TL 1,281,047 1,157,743 Cash in foreign currency 504,949 277,106 Cash equivalents 9,322,773 6,765,575 CBRT 22,325,509 19,834,346 Banks 3,890,322 5,234,266 Receivables from money markets - - Other 253,792 215,594 Loans and advances to banks having maturity of more than 3 months (22,000) - Restricted cash and cash equivalents (17,124,471) (18,518,412) Unrealized foreign exchange rate differences on cash equivalents (379) (219) Total 11,108,769 8,200,424