VKF_FRAE_2017

276 VakıfBank Annual Report 2017 PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT SECTION TWO CONSOLIDATED FINANCIAL STATEMENTS Audited Current Period December 31, 2017 Audited Prior Period December 31, 2016 ASSETS Notes TL FC Total TL FC Total I. CASH AND BALANCES WITH THE CENTRAL BANK V-I-1 4,021,442 24,634,804 28,656,246 4,409,164 19,960,151 24,369,315 II. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Net) V-I-2 1,926,000 150,223 2,076,223 1,644,899 144,334 1,789,233 2.1 Financial assets held for trading purpose 1,926,000 150,223 2,076,223 1,644,899 144,334 1,789,233 2.1.1 Debt securities issued by the governments 203 5,855 6,058 206 10,647 10,853 2.1.2 Equity securities 939 - 939 2,095 - 2,095 2.1.3 Derivative financial assets held for trading purpose V-I-2 1,801,883 144,368 1,946,251 1,473,865 133,687 1,607,552 2.1.4 Other securities 122,975 - 122,975 168,733 - 168,733 2.2 Financial assets designated at fair value through profit or loss - - - - - - 2.2.1 Debt securities issued by the governments - - - - - - 2.2.2 Equity securities - - - - - - 2.2.3 Other securities - - - - - - 2.2.4 Loans - - - - - - III. BANKS V-I-3 1,176,896 12,146,903 13,323,799 1,195,786 4,079,703 5,275,489 IV. RECEIVABLES FROM INTERBANK MONEY MARKETS 1,659,062 - 1,659,062 5,232 - 5,232 4.1 Interbank money market placements 1,652,102 - 1,652,102 - - - 4.2 Istanbul Stock Exchange money market placements 3,474 - 3,474 3,428 - 3,428 4.3 Receivables from reverse repurchase agreements 3,486 - 3,486 1,804 - 1,804 V. AVAILABLE-FOR-SALE FINANCIAL ASSETS (Net) V-I-4 12,412,036 2,158,348 14,570,384 12,588,929 6,030,151 18,619,080 5.1 Equity securities 15 43,355 43,370 15 27,595 27,610 5.2 Debt securities issued by the governments 12,412,021 1,709,676 14,121,697 12,588,914 5,719,498 18,308,412 5.3 Other securities - 405,317 405,317 - 283,058 283,058 VI. LOANS AND RECEIVABLES V-I-5 131,255,058 55,293,726 186,548,784 100,166,610 49,408,659 149,575,269 6.1 Performing loans and receivables 130,177,791 55,264,739 185,442,530 99,001,801 49,402,693 148,404,494 6.1.1 Loans provided to risk group V-VII-1 17,077 1,051 18,128 581 36,936 37,517 6.1.2 Debt securities issued by the governments - - - - - - 6.1.3 Other 130,160,714 55,263,688 185,424,402 99,001,220 49,365,757 148,366,977 6.2 Loans under follow-up 7,819,393 123,793 7,943,186 6,626,073 77,310 6,703,383 6.3 Specific provisions (-) 6,742,126 94,806 6,836,932 5,461,264 71,344 5,532,608 VII. FACTORING RECEIVABLES 1,922,548 269,754 2,192,302 1,171,659 219,055 1,390,714 VIII. HELD-TO-MATURITY INVESTMENT SECURITIES (Net) V-I-6 12,235,406 4,530,665 16,766,071 8,039,914 140,621 8,180,535 8.1 Debt securities issued by the governments 12,235,406 4,286,627 16,522,033 8,039,914 - 8,039,914 8.2 Other securities - 244,038 244,038 - 140,621 140,621 IX. INVESTMENTS IN ASSOCIATES (Net) V-I-7 384,451 3 384,454 336,229 3 336,232 9.1 Associates, consolidated per equity method 323,654 - 323,654 275,765 - 275,765 9.2 Unconsolidated associates 60,797 3 60,800 60,464 3 60,467 9.2.1 Financial associates 48,444 - 48,444 48,111 - 48,111 9.2.2 Non-Financial associates 12,353 3 12,356 12,353 3 12,356 X. INVESTMENTS IN SUBSIDIARIES (Net) V-I-8 279,647 - 279,647 286,698 - 286,698 10.1 Unconsolidated financial subsidiaries - - - - - - 10.2 Unconsolidated non-financial subsidiaries 279,647 - 279,647 286,698 - 286,698 XI. INVESTMENTS IN JOINT-VENTURES (Net) V-I-9 - - - - - - 11.1 Joint-ventures, consolidated per equity method - - - - - - 11.2 Unconsolidated joint-ventures - - - - - - 11.2.1 Financial joint-ventures - - - - - - 11.2.2 Non-financial joint-ventures - - - - - - XII. LEASE RECEIVABLES V-I-10 474,045 1,406,155 1,880,200 364,209 1,182,200 1,546,409 12.1 Finance lease receivables 611,982 1,565,781 2,177,763 465,056 1,323,625 1,788,681 12.2 Operational lease receivables - - - - - - 12.3 Other - - - - - - 12.4 Unearned income (-) 137,937 159,626 297,563 100,847 141,425 242,272 XIII. DERIVATIVE FINANCIAL ASSETS HELD FOR RISK MANAGEMENT PURPOSE V-I-11 - - - - - - 13.1 Fair value hedges - - - - - - 13.2 Cash flow hedges - - - - - - 13.3 Hedges of net investment in foreign operations - - - - - - XIV. TANGIBLE ASSETS (Net) V-I-12 1,722,037 9,372 1,731,409 1,693,745 9,358 1,703,103 XV. INTANGIBLE ASSETS (Net) V-I-13 255,160 302 255,462 230,242 23 230,265 15.1 Goodwill - - - - - - 15.2 Other intangibles 255,160 302 255,462 230,242 23 230,265 XVI. INVESTMENT PROPERTIES (Net) V-I-14 423,498 - 423,498 354,385 - 354,385 XVII. TAX ASSETS 63,612 - 63,612 197,922 - 197,922 17.1 Current tax assets 1,016 - 1,016 835 - 835 17.2 Deferred tax assets V-I-15 62,596 - 62,596 197,087 - 197,087 XVIII. ASSETS HELD FOR SALE AND ASSETS RELATED TO THE DISCONTINUED OPERATIONS (Net) V-I-16 1,312,728 - 1,312,728 1,228,102 - 1,228,102 18.1 Assets held for sale 1,312,728 - 1,312,728 1,228,102 - 1,228,102 18.2 Assets related to the discontinued operations - - - - - - XIX. OTHER ASSETS V-I-17 4,891,487 3,843,638 8,735,125 3,110,515 2,472,502 5,583,017 TOTAL ASSETS 176,415,113 104,443,893 280,859,006 137,024,240 83,646,760 220,671,000 The accompanying explanations and notes form an integral part of these consolidated financial statements. CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS AT DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)