VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 269 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.) 14. Information on investment properties None. 15. Information on deferred tax assets As at December 31, 2018 and December 31, 2017, items generating deferred tax assets or liabilities are listed below: Current Period - December 31, 2018 Deferred tax assets 799,687 Provision for employee termination benefits and unused vacations 114,570 Other provisions 16,834 Valuation differences of associates and subsidiaries 23,456 Provision (General Provision) 600,696 Valuation differences of financial assets and liabilities 42,008 Other differences 2,123 Deferred tax liabilities 769,911 Valuation differences of financial assets and liabilities 601,576 Valuation difference for associates and subsidiaries 79,982 Valuation differences of properties 72,866 BRSA - Tax Code depreciation differences 15,487 Deferred tax assets, (net) 29,776 Prior Period - December 31, 2017 Deferred tax assets 218,616 Provision for employee termination benefits and unused vacations 98,052 Other provisions 14,994 Valuation differences of associates and subsidiaries 23,456 Provision (General Provision) 80,160 Valuation differences of financial assets and liabilities - Other differences 1,954 Deferred tax liabilities (332,351) Valuation differences of financial assets and liabilities (240,275) Valuation difference for associates and subsidiaries (56,408) Valuation differences of properties (28,433) BRSA - Tax Code depreciation differences (7,235) Deferred tax assets, (net) (113,735)