VKF_FRAE_2018_uyg11

190 Part III: Financial Highlights and Assessment of Risk Management 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 NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Loans Prior Period - December 31, 2017 Impaired Past Due Value Adjustments Provisions Agricultural 49,564 73,741 1,420 40,488 Farming and raising livestock 45,271 72,536 1,395 36,982 Forestry 2,207 923 20 2,042 Fishing 2,086 282 5 1,464 Manufacturing 1,418,585 662,702 18,754 1,152,837 Mining 113,934 71,292 1,641 110,219 Production 1,298,469 502,312 13,001 1,036,732 Electric, Gas, Water 6,182 89,098 4,112 5,886 Construction 791,869 580,653 12,394 702,786 Services 2,913,617 2,982,220 68,074 2,525,464 Wholesale and retail trade 2,049,107 1,114,163 25,183 1,804,680 Hotel, Food and Beverage Services 103,954 187,259 3,844 90,251 Transportation and telecommunication 391,091 759,229 13,311 332,833 Financial Institutions 15,550 15,741 203 14,680 Real estate and renting services 61,752 835,721 16,650 53,351 Self-employment services 183,449 6,922 7,555 150,312 Education services 18,070 40,977 938 17,454 Health and social services 90,644 22,208 390 61,903 Other 2,464,571 4,232,963 213,400 2,177,244 Total 7,638,206 8,532,279 314,042 6,598,819 Information on Changes in Value Adjustments and Credit Provisions Current Period - December 31, 2018 Opening Balance (before TFRS 9) 31 December 2017 Remeasurments Opening Balance (after TFRS 9) 1 January 2018 Provisions reserved during the period Cancelations Other Adjustments (*) Closing Balance Specific provisions (stage 3) 6,598,819 (636,295) 5,962,524 2,986,413 (933,910) 4,922 8,019,949 General provisions (stage 1-2) 1,885,493 509,926 2,395,419 1,364,055 (758,836) 1,782 3,002,420 (*) Includes effect of currency translations differences and other provisions’ classifications. Prior Period - December 31, 2017 The opening Balance Provisions reserved during the period Cancelations Other Adjustments (*) Closing Balance Specific provisions 5,320,120 2,194,095 (936,786) 21,390 6,598,819 General provisions (**) 2,167,443 208 (280,949) (1,209) 1,885,493 (*) Includes effect of currency translations differences and other provisions’ classifications (**) The TL 500,000 which occurs under the General Provisions on the current period, has been cancelled as of December 31, 2017, and free provision was made in the same amount.