VKF_FRAE_2018_uyg11

268 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.) 12. Information on tangible assets Real Estates Leased Tangible Assets Vehicles Other Tangible Assets Total Balance at the end of the prior year: Cost 919,896 - 23,071 1,507,590 2,450,557 Accumulated depreciation(-) 11,994 - 16,734 998,335 1,027,063 Impairment(-) 6,231 - - - 6,231 Net book value 901,671 - 6,337 509,255 1,417,263 Balance at the end of the current year: Net book value at the beginning of the current year 901,671 - 6,337 509,255 1,417,263 Additions 475,618 - 39,248 301,789 816,655 Transfered cost 624,419 - - - 624,419 Transfered amortisation 27,892 - - - 27,892 Cost of the disposals 2,918 - 2,511 99,312 104,741 Classification Among the Tangible Fixed Assets - - - - - Depreciation of the disposals (-) 53 - 2,332 14,189 16,574 Depreciation of the current year 5,952 - 6,340 142,991 155,283 Classification Among the Depreciation of the Tangible Fixed Assets - - - - - Impairment (-) 12,579 - - 13,100 25,679 Exchange differences related to foreign associates - - 149 6,160 6,309 Cost at the end of the current year 2,017,015 - 59,957 1,716,227 3,793,199 Accumulated depreciation at the end of the year (-) 45,785 - 20,742 1,127,137 1,193,664 Impairment (-) 18,810 - - 13,100 31,910 Net book value at the end of the current year 1,952,420 - 39,215 575,990 2,567,625 13. Information on intangible assets Bank’s intangible assets consist of computer softwares and licences. The estimated useful life of intangible assets is five years. Intangible assets are amortized on a straight-line basis over the estimated useful lifes. The Bank divides the extinction share of intangible assets according to inflation adjusted values. There is not any intangible asset that is important for fullest extend of financial statements. Bank does not have any intangible asset that is collateral or acquired by government promotion and has a limitation on usage. The Bank did not declared a commitment to purchase intangible assets.