VKF_FRAE_2018_uyg11

296 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.) 5. Information on other operating income Current Period - December 31, 2018 Income from reversal of the specific provisions for loans from prior periods 933,910 Income from reversal of loans from prior periods 758,836 Communication income 36,269 Gain on sale of assets 191,650 Rent income 1,671 Other income 81,277 Total 2,003,613 Prior Period - December 31, 2017 Income from reversal of the specific provisions for loans from prior periods 936,786 Communication income 43,602 Gain on sale of assets 148,977 Rent income 1,018 Other income 543,146 Total 1,673,529 6. Expected Credit Loss Current Period - December 31, 2018 Expected Credit Loss 4,350,468 12 month expected credit loss (stage 1) 368,768 Significant increase in credit risk (stage 2) 995,287 Non-performing loans (stage 3) 2,986,413 Marketable Securities Impairment Expense 3,037 Financial Assets at Fair Value through Profit or Loss - Financial Assets at Fair Value Through Other Comprehensive Income 3,037 Investments in Associates, Subsidiaries and Held-to-maturity Securities Value Decrease - Investments in Associates - Subsidiaries - Joint Ventures - Other 530,000 Total 4,883,505 (*) As of December 31, 2018, the Bank has provided a free provision amounting to TL 530,000 in 2018, in addition to TL 500,000 free provision, which was allocated in 2018 within the framework of the precautionary principle.