VKF_FRAE_2017

377 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.) As at December 31, 2017 and December 31, 2016, items generating deferred tax assets or liabilities movement table is listed below: Current Period Previous Period As of 1 January 174,063 116,095 Deferred tax income/loss (160,372) 17,554 Deferred tax that is accounted under equity (21,448) 44,360 Other (4,711) (3,946) Deferred tax asset/(liability) (12,468) 174,063 The reconciliation of the deferred tax on the assets directly related to the equity is as follows as of December 31, 2017 and December 31, 2016: Current period Prior Period Securities available for sale (15,709) 48,081 Associates and subsidiaries 234 (1,371) Tangible assets (18) (1,911) Actuarial gains and losses (5,955) (439) Total (21,448) 44,360 16. Information on assets held for sale and assets related to the discontinued operations As at December 31, 2017, net book value of assets held for sale of the Group is amounting to TL 1,312,728 (December 31, 2016: TL 1,228,102). 17. Information on other assets As at December 31, 2017 and December 31, 2016, the details of other assets are as follows: Current Period Prior Period Receivables from insurance operations 1,352,349 928,905 Receivables from credit card payments 1,173,158 988,257 Prepaid expenses 1,097,170 522,306 Guarantees given for repurchase agreements 151 - Guarantees given for derivative financial instruments 2,749,121 1,876,321 Receivables from term sale of assets 11,116 21,746 Receivables from reinsurance companies 60,613 27,240 Deferred commission expenses 43,083 59,891 Other 2,248,364 1,158,351 Total 8,735,125 5,583,017