VKF_FRAE_2017

393 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.) 5. Other operating income Current Period Prior Period Income from reversal of the specific provisions for loans from prior periods 937,669 668,315 Earned insurance premiums (net of reinsurance share) 1,207,630 892,467 Communication income 43,602 40,316 Gain on sale of assets 149,607 165,307 Income from private pension business 102,575 78,307 Rent income 770 987 Other income 643,392 158,637 Total 3,085,245 2,004,336 6. Provision expenses for losses on loans and other receivables Current Period Prior Period Specific provisions on loans and other receivables 2,214,490 1,963,013 Loans and receivables in Group III 495,617 743,731 Loans and receivables in Group IV 595,073 526,966 Loans and receivables in Group V 1,123,800 692,316 Non-performing commissions and other receivables - - General provision expenses 208 213,855 Provision for possible losses 500,000 - Impairment losses on securities 550 4,688 Trading securities 126 6 Investment securities available-for-sale 424 4,682 Impairment losses from associates, subsidiaries, joint ventures and marketable securities held to maturity 29,147 25,297 Associates - - Subsidiaries 2,525 - Joint ventures - - Investment securities held-to-maturity 26,622 25,297 Other (*) 98,163 126,756 Total 2,842,558 2,333,609 (*) Other provision expenses amounting to TL 98,163 is comprised of provision for non-cash loans that are not indemnified or converted into cash and provision for cheques amounting to TL 48,866, other provision expenses related to loans amounting to TL 14,793 and other provision expenses amounting to TL 34,504. (Other provision expenses amounting to TL 126,756 is comprised of provision for non-cash loans that are not indemnified or converted into cash and provision for cheques amounting to TL 44,085, other provision expenses related to loans amounting to TL 22,896 and other provision expenses amounting to TL 59,775, as of December 31, 2016.)