VKF_FRAE_2017

367 VakıfBank Annual Report 2017 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 EXPLANATIONS AND NOTES RELATED TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) 6. Information on held-to-maturity investments Held-to-maturity debt securities issued by the governments Current Period Prior Period TL FC TL FC Government bonds 12,235,406 2,022,702 8,039,914 - Treasury bills - - - - Other securities issued by the governments - 2,263,925 - - Total 12,235,406 4,286,627 8,039,914 - Information on held-to-maturity investment securities Current Period Prior Period Debt Securities 16,766,071 8,187,293 Quoted at stock exchanges 16,652,591 8,046,672 Unquoted at stock exchanges 113,480 140,621 Impairment losses (-) - 6,758 Total 16,766,071 8,180,535 The movement table of the held-to-maturity investments Current Period Prior Period Balances at the beginning of the period 8,180,535 7,677,729 Foreign currency differences on monetary assets 116,077 7,371 Purchases during the period 2,423,358 1,873,688 Transfers to available for sale portfolio (**) 7,501,432 - Disposals through sales/redemptions (2,186,864) (1,673,758) Impairment losses 6,758 (537) Change in amortized costs of the securities (*) 724,775 296,042 Balances at the end of the period 16,766,071 8,180,535 (*) Changes in the amortized costs of the marketable securities also include rediscount differences in marketable securities. (**) The Parent Bank had classified TL 7,166,704 nominal value of marketable securities, which was followed under available for sale securities portfolio, to held to maturity portfolio on different dates in 2017. These marketable securities are included in the held to maturity portfolio with TL 7,501,432 book value, representing the fair value of the securities as from the dates when the classification occurred. The revaluation differences amounting to TL 63,966 as from the dates when the classification occurred are now being followed under equity, and the composed revaluation differences will be transferred to terminal accounts until the end of the maturity of the securities. Information on held-to-maturity investments Cost Carrying Value Current Period TL FC TL FC Collateralized/blocked investment securities 5,856,554 1,879,125 6,591,740 1,886,904 Investments subject to repurchase agreements 4,581,632 2,242,632 5,510,791 2,256,226 Held for structural position - - - - Receivable from security borrowing markets - - - - Collateral for security borrowing markets - - - - Other (*) 107,882 384,828 132,875 387,535 Total 10,546,068 4,506,585 12,235,406 4,530,665 (*) The securities held as free that are not subject to collateral/blockage or other transactions are presented in the “Other” line.