VKF_FRAE_2017

281 VakıfBank Annual Report 2017 Audited Notes Paid-in Capital Capital Reserves from Inflation Adjustments to Paid-in Capital Share Premium Share Cancellation Profits Legal Reserves Status Reserves Extraordinary Reserves Other Reserves Current Period Net Profit/ (Loss) Prior Period Net Profit/ (Loss) Valuation Differences of the Marketable Securities Revaluation Surplus on Tangible, Intangible Assets and Investment Property Bonus Shares of Associates, Subsidiaries and Joint Ventures Hedging Reserves Revaluation Surp. On Assets Held for Sale and Assets of Discount. Op.s Shareholders’ Equity before Minority Interest Minority Interest Total Shareholders’ Equity PRIOR PERIOD – December 31, 2016 I. Balances at the beginning of the period 2,500,000 - 727,780 - 1,236,166 6,337 8,480,048 556,741 - 2,015,941 30,011 940,657 3,683 - - 16,497,364 505,391 17,002,755 II. Corrections made according to TAS 8 - - - - - - - - - - - - - - - - - - 2.1. The effect of corrections of error - - - - - - - - - - - - - - - - - - 2.2. The effect of changes in accounting policies - - - - - - - - - - - - - - - - - - III. Adjusted beginning balance (I+II) 2,500,000 - 727,780 - 1,236,166 6,337 8,480,048 556,741 - 2,015,941 30,011 940,657 3,683 - - 16,497,364 505,391 17,002,755 Changes during the period IV. Mergers - - - - - - - - - - - - - - - - - - V. Associates, Subsidiaries and “Available-for-sale” securities - - - - - - - - - - (157,650) - - - - (157,650) 933 (156,717) VI. Hedges for risk management - - - - - - - - - - - - - - - - - - 6.1 Net cash flow hedges - - - - - - - - - - - - - - - - - - 6.2 Net foreign investment hedges - - - - - - - - - - - - - - - - - - VII. Revaluation surplus on tangible assets - - - - - - - - - - - 7,643 - - - 7,643 7,154 14,797 VIII. Revaluation surplus on intangible assets - - - - - - - - - - - - - - - - - - IX. Bonus shares of associates, subsidiaries and joint-ventures - - - - - - - - - - - - - - - - - - X. Translation differences - - - - - - - 52,130 - - - - - - - 52,130 7,087 59,217 XI. Changes resulted from disposal of assets - - - - - - - - - - - - - - - - - - XII. Changes resulted from reclassifications of the assets - - - - - - - - - - - - - - - - - - XIII. Effect of change in equities of associates on the Bank’s equity - - - - - - - - - (25,031) (3,530) - - - - (28,561) - (28,561) XIV. Capital increase - - - - - - - - - - - - - - - - - - 14.1 Cash - - - - - - - - - - - - - - - - - - 14.2 Internal sources - - - - - - - - - - - - - - - - - - XV. Share issuance - - - - - - - - - - - - - - - - - - XVI. Share cancellation profits - - - - - - - - - - - - - - - - - - XVII. Capital reserves from inflation adjustments to paid-in capital - - - - - - - - - - - - - - - - - - XVIII. Other - - - - 3,070 - 1,606 2,177 - (8,295) - 25,454 - - - 24,012 4,763 28,775 XIX. Current period’s net profit/loss - - - - - - - - 2,789,918 - - - - - - 2,789,918 2,528 2,792,446 XX. Profit distribution - - - - 197,551 - 1,674,921 (4,239) - (1,996,589) - 23,443 - - - (104,913) (327) (105,240) 20.1 Dividends V-V-5 - - - - - - - - - (104,913) - - - - - (104,913) (327) (105,240) 20.2 Transferred to reserves V-V-5 - - - - 197,551 - 1,674,921 (4,239) - (1,891,676) - 23,443 - - - - - - 20.3 Other - - - - - - - - - - - - - - - - - - Balances at the end of the period 2,500,000 - 727,780 - 1,436,787 6,337 10,156,575 606,809 2,789,918 (13,974) (131,169) 997,197 3,683 - - 19,079,943 527,529 19,607,472 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 STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)