VKF_FRAE_2017

277 VakıfBank Annual Report 2017 The accompanying explanations and notes form an integral part of these consolidated financial statements. Audited Current Period December 31, 2017 Audited Prior Period December 31, 2016 LIABILITIES AND EQUITY Notes TL FC Total TL FC Total I. DEPOSITS V-II-1 102,796,242 55,191,624 157,987,866 85,815,420 40,443,889 126,259,309 1.1 Deposits of risk group V-VII-1 2,079,489 146,601 2,226,090 1,686,765 116,088 1,802,853 1.2 Other deposits 100,716,753 55,045,023 155,761,776 84,128,655 40,327,801 124,456,456 II. DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING PURPOSE V-II-2 1,011,508 169,034 1,180,542 955,019 199,405 1,154,424 III. FUNDS BORROWED V-II-3 2,257,541 29,130,247 31,387,788 1,720,814 24,578,616 26,299,430 IV. INTERBANK MONEY MARKET 18,936,344 3,752,731 22,689,075 11,450,137 1,794,134 13,244,271 4.1 Interbank money market takings 11,662,376 1,631,693 13,294,069 2,501,180 - 2,501,180 4.2 Istanbul Stock Exchange money market takings 237,318 - 237,318 277,667 - 277,667 4.3 Obligations under repurchase agreements 7,036,650 2,121,038 9,157,688 8,671,290 1,794,134 10,465,424 V. SECURITIES ISSUED (Net) V-II-3 6,967,544 12,903,215 19,870,759 3,373,519 11,309,305 14,682,824 5.1 Bills 3,996,077 - 3,996,077 3,373,519 - 3,373,519 5.2 Asset backed securities - - - - - - 5.3 Bonds 2,971,467 12,903,215 15,874,682 - 11,309,305 11,309,305 VI. FUNDS 3,206 - 3,206 3,319 - 3,319 6.1 Funds against borrower’s note - - - - - - 6.2 Other 3,206 - 3,206 3,319 - 3,319 VII. MISCELLANEOUS PAYABLES 6,343,340 989,690 7,333,030 4,622,676 920,879 5,543,555 VIII. OTHER EXTERNAL RESOURCES PAYABLE V-II-4 947,498 3,029,795 3,977,293 747,599 2,018,132 2,765,731 IX. FACTORING PAYABLES 221 216 437 77 4 81 X. LEASE PAYABLES (Net) V-II-5 - - - - - - 10.1 Finance lease payables - - - - - - 10.2 Operational lease payables - - - - - - 10.3 Other - - - - - - 10.4 Deferred finance leasing expenses ( - ) - - - - - - XI. DERIVATIVE FINANCIAL LIABILITIES HELD FOR RISK MANAGEMENT PURPOSE V-II-6 - - - - - - 11.1 Fair value hedges - - - - - - 11.2 Cash flow hedges - - - - - - 11.3 Hedges of net investment in foreign operations - - - - - - XII. PROVISIONS V-II-7 6,084,250 42,791 6,127,041 5,562,513 43,584 5,606,097 12.1 General provisions V-II-7 1,872,826 12,667 1,885,493 2,153,773 13,670 2,167,443 12.2 Restructuring reserves - - - - - - 12.3 Reserve for employee benefits 852,775 2,763 855,538 736,608 1,791 738,399 12.4 Insurance technical provisions (Net) 2,631,507 14,011 2,645,518 2,304,345 14,000 2,318,345 12.5 Other provisions V-II-7 727,142 13,350 740,492 367,787 14,123 381,910 XIII. TAX LIABILITIES V-II-8 703,795 58,072 761,867 477,830 11,957 489,787 13.1 Current tax liabilities 686,133 670 686,803 463,916 2,847 466,763 13.2 Deferred tax liabilities V-I-15 17,662 57,402 75,064 13,914 9,110 23,024 XIV. PAYABLES FOR ASSETS HELD FOR SALE AND ASSETS RELATED TO DISCONTINUED OPERATIONS (Net) V-II-9 - - - - - - 14.1 Payables related to the assets held for sale - - - - - - 14.2 Payables related to the discontinued operations - - - - - - XV. SUBORDINATED LOANS V-II-10 528,188 5,388,949 5,917,137 - 5,014,700 5,014,700 XVI. EQUITY 22,991,149 631,816 23,622,965 19,154,003 453,469 19,607,472 16.1 Paid-in capital V-II-11 2,500,000 - 2,500,000 2,500,000 - 2,500,000 16.2 Capital reserves 1,582,247 177,252 1,759,499 1,494,226 50,440 1,544,666 16.2.1 Share premium 724,269 - 724,269 727,780 - 727,780 16.2.2 Share cancellation profits - - - - - - 16.2.3 Valuation differences of the marketable securities V-II-11 (240,378) 177,252 (63,126) (181,609) 50,440 (131,169) 16.2.4 Revaluation surplus on tangible assets 1,046,956 - 1,046,956 997,197 - 997,197 16.2.5 Revaluation surplus on intangible assets - - - - - - 16.2.6 Revaluation surplus on investment properties - - - - - - 16.2.7 Bonus shares of associates, subsidiaries and joint-ventures 3,913 - 3,913 3,683 - 3,683 16.2.8 Hedging reserves (effective portion) - - - - - - 16.2.9 Revaluation surplus on assets held for sale and assets related to the discontinued operations - - - - - - 16.2.10 Other capital reserves 47,487 - 47,487 (52,825) - (52,825) 16.3 Profit reserves 14,550,334 254,763 14,805,097 12,025,037 234,296 12,259,333 16.3.1 Legal reserves 1,700,302 9,553 1,709,855 1,428,436 8,351 1,436,787 16.3.2 Status reserves 6,337 - 6,337 6,337 - 6,337 16.3.3. Extraordinary reserves 12,432,750 5,389 12,438,139 10,151,977 4,598 10,156,575 16.3.4. Other profit reserves 410,945 239,821 650,766 438,287 221,347 659,634 16.4 Profit or loss 3,753,445 127,821 3,881,266 2,660,885 115,059 2,775,944 16.4.1 Prior years’ profit/loss (154,298) 103,132 (51,166) (107,147) 93,173 (13,974) 16.4.2 Current period’s profit/loss 3,907,743 24,689 3,932,432 2,768,032 21,886 2,789,918 16.5 Non-controlling interest 605,123 71,980 677,103 473,855 53,674 527,529 TOTAL LIABILITIES AND EQUITY 169,570,826 111,288,180 280,859,006 133,882,926 86,788,074 220,671,000 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.)