VKF_FRAE_2018_uyg11

270 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.) The deferred tax asset / liability movement table as of December 31, 2018 and December 31, 2017 is as follows: Current Period - December 31, 2018 As of 1 January (113,735) Adjustment according to TAS as of January, 1 (40,408) Deferred tax income/(loss) (254,464) Deferred tax that is accounted under Equity (40,644) Deferred tax that is accounted under general provision 479,084 Other (57) Deferred tax asset/(Liability) 29,776 Prior Period - December 31, 2017 As of 1 January 83,109 Deferred tax income/(loss) (159,072) Deferred tax that is accounted under Equity (36,316) Other (1,456) Deferred tax asset/(Liability) (113,735) The reconciliation of the deferred tax on the assets directly related to the equity as of December 31, 2018 and December 31, 2017 is as follows: Current Period - December 31, 2018 Financial assets at fair value through other comprehensive income (13,466) Associates and subsidiaries (20,723) Tangible assets (44,432) Assets held for sale (5,078) Actuarial gains and losses 2,647 The effect of changes in accounting policies 40,408 Total (40,644) Prior Period - December 31, 2017 Securities available for sale (14,566) Associates and subsidiaries (15,934) Tangible assets 328 Actuarial gains and losses (6,144) Total (36,316)