VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 195 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.) Information on currency risk Current Period - December 31, 2018 Euro US Dollar Other FC Total Assets: Cash and balances with the Central Bank of Republic of Turkey 13,791,035 7,785,969 5,441,928 27,018,932 Banks 1,092,297 3,719,166 202,586 5,014,049 Financial assets at fair value through profit or loss - 69,766 - 69,766 Interbank money market placements - - - - Financial assets at fair value through other comprehensive income 536,578 738,393 - 1,274,971 Loans (1) 38,003,848 46,137,615 101,342 84,242,805 Associates, subsidiaries and joint-ventures 403,558 - - 403,558 Financial assets measured at amortized cost 712,041 6,891,181 - 7,603,222 Derivative financial assets held for risk management purpose - - - - Tangible assets - 10,130 - 10,130 Intangible assets - - - - Other assets (2) 1,739,209 6,746,778 4,103 8,490,090 Total assets 56,278,566 72,098,998 5,749,959 134,127,523 Liabilities: Bank deposits 1,144,576 3,827,812 777,891 5,750,279 Foreign currency deposits 29,146,095 31,829,812 3,089,695 64,065,602 Interbank money market takings 610,543 1,498,661 - 2,109,204 Other funding 15,440,294 25,147,362 14,573 40,602,229 Securities issued 6,158,675 8,813,318 - 14,971,993 Miscellaneous payables 1,480,557 110,842 189 1,591,588 Derivative financial liabilities held for risk - - - - Other liabilities (3) 543,524 10,443,861 8,342 10,995,727 Total liabilities 54,524,264 81,671,668 3,890,690 140,086,622 Net ‘on balance sheet’ position 1,754,302 (9,572,670) 1,859,269 (5,959,099) Net ‘off-balance sheet’ position (1,775,864) 11,426,323 (1,848,448) 7,802,011 Derivative assets (5) 11,475,935 36,297,298 1,775,373 49,548,606 Derivative liabilities (5) 13,251,799 24,870,975 3,623,821 41,746,595 Non-cash loans (4) 11,157,110 16,614,455 421,791 28,193,356 Prior Period - December 31, 2017 Euro US Dollar Other FC Total Total assets 32,489,306 63,997,115 6,868,649 103,355,070 Total liabilities 34,106,813 68,776,305 2,260,489 105,143,607 Net ‘on balance sheet’ position (1,617,507) (4,779,190) 4,608,160 (1,788,537) Net ‘off-balance sheet’ position 1,768,133 5,432,457 (4,605,831) 2,594,759 Derivative assets (5) 4,654,449 18,670,060 270,591 23,595,100 Derivative liabilities (5) 2,886,316 13,237,603 4,876,422 21,000,341 Non-cash loans (4) 5,608,465 12,773,104 276,093 18,657,662 (1) .Foreign currency indexed loans amounting to TL 2,798,062 (December 31, 2017: TL 4,702,183) which are presented in TL column in the balance sheet are included in the table above. (2) .Prepaid expenses amounting to TL 142,476 (December 31, 2017: TL 91,557) and derivative financial assets amounting to TL 63,304 (December 31, 2017: TL 13,988) are not included. (3) .Unearned revenues amounting to TL 273,713 (December 31, 2017: TL 189,318), derivative financial liabilities amounting to TL 99,068 (December 31, 2017: TL 34,450) and equities amounting to TL 16,641 (December 31, 2017: TL 195,883) are not included. (4) .Non-cash loans are not taken into consideration in the calculation of the net ‘off-balance sheet’ position. (5) .Asset purchase commitments amounting to TL 795,287 (December 31, 2017: TL 232,555) and asset sales commitments amounting to TL 1,457,340 (December 31, 2017: TL 728,635) are included.