VKF_FRAE_2018_uyg11

138 Part III: Financial Highlights and Assessment of Risk Management Notes Audited Current Period January 1, 2018- December 31, 2018 I. INTEREST INCOME V-IV-1 33,953,817 1.1 Interest on loans V-IV-1 27,331,620 1.2 Interest received from reserve deposits 389,604 1.3 Interest received from banks V-IV-1 177,189 1.4 Interest received from money market transactions 18,657 1.5 Interest received from marketable securities portfolio V-IV-1 6,032,692 1.5.1 Financial assets at fair value through profit or loss - 1.5.2 Financial assets at fair value through other comprehensive income 1,008,530 1.5.3 Financial assets measured at amortised cost 5,024,162 1.6 Finance lease income - 1.7 Other interest income 4,055 II. INTEREST EXPENSES V-IV-2 23,113,130 2.1 Interest on deposits V-IV-2 15,662,291 2.2 Interest on funds borrowed V-IV-2 1,218,563 2.3 Interest on money market transactions 3,525,739 2.4 Interest on securities issued V-IV-2 2,003,259 2.5 Other interest expenses 703,278 III. NET INTEREST INCOME/EXPENSE (I - II) 10,840,687 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 2,293,210 4.1 Fees and commissions received 3,262,601 4.1.1 Non-cash loans 481,635 4.1.2 Other 2,780,966 4.2 Fees and commissions paid 969,391 4.2.1 Non-cash loans 415 4.2.2 Other 968,976 V. PERSONNEL EXPENSES (-) 2,191,782 VI. DIVIDEND INCOME V-IV-3 129,624 VII. TRADING PROFIT/LOSS (Net) V-IV-4 643,635 7.1 Profit/losses from capital market transactions V-IV-4 155,578 7.2 Profit/losses from derivative financial transactions V-IV-4 262,077 7.3 Foreign exchange profit/losses V-IV-4 225,980 VIII. OTHER OPERATING INCOME V-IV-5 2,003,613 IX. GROSS PROFIT FROM OPERATING ACTIVITIES (III+IV+V+VI+VII+VIII) 13,718,987 X. ALLOWANCES FOR EXPECTED CREDIT LOSSES (-) V-IV-6 4,883,505 XI. OTHER OPERATING EXPENSES (-) V-IV-7 3,681,555 XII. NET OPERATING PROFIT/LOSS (IX-X-XI) 5,153,927 XIII. SURPLUS WRITTEN AS GAIN AFTER MERGER - XIV. PROFIT/LOSS FROM EQUITY METHOD APPLIED SUBSIDIARIES - XV. NET MONETORY POSITION GAIN/LOSS - XVI. PROFIT/LOSS BEFORE TAXES FROM CONTINUING OPERATIONS (XII+...+XV) V-IV-8 5,153,927 XVII. PROVISION FOR TAXES ON INCOME FROM CONTINUING OPERATIONS (±) V-IV-11 (999,605) 17.1 Current tax provision V-IV-11 (745,141) 17.2 Expense effect of deferred tax (+) V-IV-11 (1,425,344) 17.3 Income effect of deferred tax (-) V-IV-11 1,170,880 XIII. NET PROFIT/LOSS FROM CONTINUING OPERATIONS (XVI±XVII) V-IV-12 4,154,322 XIX. INCOME FROM DISCONTINUED OPERATIONS - 19.1 Income from assets held for sale - 19.2 Profit from sale of associates, subsidiaries and joint ventures - 19.3 Other income from discontinued operations - XX. EXPENSES FROM DISCONTINUED OPERATIONS (-) - 20.1 Expenses on assets held for sale - 20.2 Losses from sale of associates, subsidiaries and joint ventures - 20.3 Other expenses from discontinued operations - XXI. PROFIT/LOSS BEFORE TAXES FROM DISCONTINUED OPERATIONS (±) (XIX-XX) - XXII. TAX PROVISION FOR DISCONTINUED OPERATIONS (±) - 22.1 Current tax provision - 22.2 Expense effect of deferred tax (+) - 22.3 Income effect of deferred tax (-) - XXIII. NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XXI±XXII) - XXIV. NET PROFIT/LOSSES (XVIII+XXIII) V-IV-12 4,154,322 Profit/Loss per 100 shares (full TL) 1.6617 Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS AS AT DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)