VKF_FRAE_2018_uyg11

264 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.) Movement table of investments in subsidiaries Current Period - December 31, 2018 Balance at the beginning of the period 2,213,858 Movements during the period 217,777 Transfers (*) (52,500) Acquisitions 19,693 Bonus shares received 33,104 Share of current year profit (49,610) Sales and liquidations (885) Fair value changes 282,211 Impairment losses (14,236) Balance at the end of the period 2,431,635 Capital commitments - Share percentage at the end of the period (%) - (*) Vakıf Portföy Yönetimi AŞ, started to be monitored in the account Assets Held for Sale and Assets Related to the Discontinued Operations and the balance is shown in Transfers. Prior Period - December 31, 2017 Balance at the beginning of the period 1,797,124 Movements during the period 416,734 Transfers - Acquisitions - Bonus shares received 51,974 Share of current year profit (17,527) Sales and liquidations (232) Fair value changes 371,260 Impairment losses 11,259 Balance at the end of the period 2,213,858 Capital commitments - Share percentage at the end of the period (%) - Methods to measure investments in subsidiaries Current Period - December 31, 2018 Measured at cost - Measured at fair value 2,431,635 Equity method of accounting - Total 2,431,635