VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 209 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.) The classification of fair value measurements of financial assets and liabilities measured at fair value is as follows: Current Period - December 31, 2018 Level 1 Level 2 Level 3 Total Financial assets at fair value through profit/loss: 1,395 69,766 - 71,161 Debt securities - 69,766 - 69,766 Investment funds 1,395 - - 1,395 Financial assets at fair value through other comprehensive income 7,005,956 1,992,971 3,451 9,002,378 Government debt securities 7,005,956 1,927,912 - 8,933,868 Equity securities - - 3,451 3,451 Other financial assets - 65,059 - 65,059 Investments in affiliates and subsidiaries 704,609 - 2,364,849 (*) 3,069,458 Total Financial Assets 7,711,960 2,062,737 2,368,300 12,142,997 Financial liabilities at fair value through profit/loss: Derivative financial liabilities held for trading purpose - (2,549,177) - (2,549,177) Total Financial Liabilities - (2,549,177) - (2,549,177) (*) This amount consist of fair value of the affiliates and subsidiaries determined by independent valuation companies. Prior Period - December 31, 2017 Level 1 Level 2 Level 3 Total Financial assets at fair value through profit/loss: Financial assets held for trading purpose: 263 1,936,525 - 1,936,788 Debt securities - 1,936,525 - 1,936,525 Investment funds 263 - - 263 Financial assets at fair value through other comprehensive income 10,534,324 3,015,375 15 13,549,714 Government debt securities 10,534,324 2,972,020 - 13,506,344 Equity securities - 43,355 15 43,370 Investments in associates and subsidiaries 871,231 - 1,634,967 (*) 2,506,198 Total Financial Assets 11,405,818 4,951,900 1,634,982 17,992,700 Financial liabilities at fair value through profit/loss: Derivative financial liabilities held for trading purpose - (1,184,530) - (1,184,530) Total Financial Liabilities - (1,184,530) - (1,184,530) (*) This amount consist of fair value of the affiliates and subsidiaries determined by independent valuation companies