VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 263 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.) Vakıf Yatırım Menkul Değerler AŞ, a subsidiary, measures the capital sufficiency status every six months as an independent audit, in line with the “Communiqué on the Principles of the Capital and Capital Adequacy of Intermediary Agencies” Serial: V, No:34 of the Capital Markets Board. In accordance with the Decree of Measurement of Capital Adequacy of Insurance, Reinsurance and Private Pension Companies published by the Treasury, Güneş Sigorta A.Ş. And Vakıf Emeklilik ve Hayat A.Ş., carrying out operations in insurance sector, measure every six months as independent audit the capital sufficiency status. As per calculations made as of 31 December 2018, the indicated subsidiaries do not need capital. Information on investments in subsidiaries Title Address (City / Country) Bank’s Share - If Different, Voting Rights (%) Bank’s Risk Group Share (%) 1 Güneş Sigorta AŞ (*) İstanbul/Turkey 48.02 48.02 2 Vakıf Emeklilik ve Hayat AŞ (*) İstanbul/Turkey 53.90 79.68 3 Vakıf Faktoring AŞ (*) İstanbul/Turkey 78.39 87.49 4 Vakıf Finansal Kiralama AŞ (*) İstanbul/Turkey 58.71 66.23 5 Vakıf Yatırım Menkul Değerler AŞ (*) İstanbul/Turkey 99.25 99.54 6 Vakıfbank International AG (*) Vienna/Austuria 90.00 90.00 7 Vakıf Menkul Kıymet Yatırım Ortaklığı AŞ (*) İstanbul/Turkey 18.47 30.12 8 Vakıf Gayrimenkul Yatırım Ortaklığı AŞ (*) İstanbul/Turkey 38.70 39.54 9 Vakıf Enerji ve Madencilik AŞ (**) Ankara/Turkey 65.50 82.60 10 Taksim Otelcilik AŞ (*) İstanbul/Turkey 51.00 51.69 11 Vakıf Pazarlama Sanayi ve Ticaret AŞ (*) İstanbul/Turkey 86.97 93.82 12 Vakıf Gayrimenkul Değerleme AŞ (*) Ankara/Turkey 94.29 96.56 Total Assets Equity Tangible Assets Interest Income Income on Securities Portfolio Current Year’s Profit/Loss Prior Period’s Profit/Loss Fair Value 1 2,231,197 701,938 703,362 94,517 - 35,734 15,030 403,615 2 8,500,254 422,619 164,016 57,238 - 116,707 73,260 1,437,910 3 2,687,090 198,104 906 331,376 - 53,058 18,023 217,106 4 3,470,005 241,424 21,348 142,662 - 36,493 22,421 247,809 5 542,084 174,104 2,949 30,779 322 29,413 14,350 264,575 6 6,562,553 1,015,543 2,652 111,895 - 40,942 16,637 448,398 7 18,305 17,236 13 541 838 (212) (171) 30,275 8 1,422,299 968,767 863,832 2,017 - 28,488 8,495 448,229 9 27,804 12,972 1,040 1,236 - 1,316 6,020 22,459 10 395,482 377,985 213,177 13,001 - 23,214 5,653 431,760 11 80,275 57,604 13,816 4,620 - 2,811 3,882 49,463 12 33,619 26,051 842 3,552 - (59) (178) 25,428 (*) The financial statement information provided for these subsidiaries is taken from the financial statements as of September 30, 2018. (**) The financial statement information provided for these subsidiaries is taken from the financial statements as of December 31, 2017.