VKF_FRAE_2017

284 VakıfBank Annual Report 2017 PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT Notes Current Period December 31, 2017 Prior Period December 31, 2016 I. DISTRIBUTION OF CURRENT YEAR PROFIT (***) 1.1 CURRENT YEAR’S PROFIT 4,675,132 3,395,524 1.2 TAXES AND LEGAL DUTIES PAYABLE (951,749) (692,482) 1.2.1 Corporate tax (income tax) V-IV-11 (792,677) (712,424) 1.2.2 Withholding tax - - 1.2.3 Other taxes and duties (**) V-IV-11 (159,072) 19,942 A. NET PROFIT FOR THE YEAR 3,723,383 2,703,042 1.3 DEFERED TAX INCOME TRANSFERRED TO OTHER RESERVES V-IV-11 - 19,941 B. NET PROFIT FOR THE YEAR AFTER DEFERRED TAX INCOME 3,723,383 2,683,101 1.4 ACCUMULATED LOSSES - - 1.5 FIRST LEGAL RESERVES V-V-5 - 134,155 1.6 OTHER STATUTORY RESERVES V-V-5 - 134,155 C. NET PROFIT AVAILABLE FOR DISTRIBUTION(*) - 2,414,791 1.7 FIRST DIVIDEND TO SHAREHOLDERS - 120,000 1.7.1 To owners of ordinary shares - 120,000 1.7.2 To owners of privileged shares - - 1.7.3 To owners of redeemed shares - - 1.7.4 To profit sharing bonds - - 1.7.5 To holders of profit and loss sharing certificates - - 1.8 DIVIDENDS TO PERSONNEL - - 1.9 DIVIDENDS TO BOARD OF DIRECTORS - - 1.10 SECOND DIVIDEND TO SHAREHOLDERS - - 1.10.1 To owners of ordinary shares - - 1.10.2 To owners of privileged shares - - 1.10.3 To owners of redeemed shares - - 1.10.4 To profit sharing bonds - - 1.10.5 To holders of profit and loss sharing certificates - - 1.11 SECOND LEGAL RESERVES - - 1.12 STATUS RESERVES - - 1.13 EXTRAORDINARY RESERVES V-V-5 - 2,245,347 1.14 OTHER RESERVES - - 1.15 SPECIAL FUNDS V-V-5 - 49,444 - - II. DISTRIBUTION FROM RESERVES - - - - 2.1 DISTRIBUTION OF RESERVES - - 2.2 SECOND LEGAL RESERVES - - 2.3 DIVIDENTS TO SHAREHOLDERS - - 2.3.1 To owners of ordinary shares - - 2.3.2 To owners of privileged shares - - 2.3.3 To owners of redeemed shares - - 2.3.4 To profit sharing bonds - - 2.3.5 To holders of profit and loss sharing certificates - - 2.4 DIVIDENDS TO PERSONNEL - - 2.5 DIVIDENDS TO BOARD OF DIRECTORS - - III. EARNINGS PER SHARE - - 3.1 TO OWNERS OF ORDINARY SHARES (Earning per 100 shares) 1.4894 1.0812 3.2 TO OWNERS OF ORDINARY SHARES ( % ) 148.94 108.12 3.3 TO OWNERS OF PRIVILEGED SHARES - - 3.4 TO OWNERS OF PRIVILEGED SHARES ( % ) - - IV. DIVIDEND PER SHARE - - 4.1 TO OWNERS OF ORDINARY SHARES - - 4.2 TO OWNERS OF ORDINARY SHARES ( % ) - - 4.3 TO OWNERS OF PRIVILEGED SHARES - - 4.4 TO OWNERS OF PRIVILEGED SHARES ( % ) - - (*) As of the report date, distributable net profit of the period is not shown as any decision regarding the 2017 profit distribution is not taken. (**) The amount shown in other taxes and legal liabilities is deferred income/expense tax, and deferred tax income is not subject to profit distribution. (***) The profit distribution is based on the non-consolidated financial statements of the Parent Bank. 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 PROFIT DISTRIBUTION FOR THE YEAR ENDED DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) The accompanying explanations and notes form an integral part of these consolidated financial statements.