VKF_FRAE_2018_uyg11

298 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.) 7. Information on other operating expenses Current Period - December 31, 2018 Personnel Costs 2,191,782 Reserve for Employee Termination Benefits 26,628 Deficit Provision for Pension Funds - Impairment Losses on Tangible Assets 13,006 Depreciation Expenses on Tangible Assets 155,283 Impairment Losses on Intangible Assets - Impairment Losses on Goodwill - Amortization Expenses on Intangible Assets 29,377 Impairment Expenses of Equity Participations for which Equity Method is Applied - Impairment Losses on Assets to be Disposed - Depreciation Expenses on Assets to be Disposed - Impairment Losses on Assets Held for Sale 10,657 Other Operating Expenses 2,208,487 Operational lease expenses 294,801 Repair and maintenance expenses 56,013 Advertisement expenses 163,194 Other expenses 1,694,479 Loss on sale of assets 4,543 Other (*) 1,233,574 Total 5,873,337 (*) Other operating expenses amounting to TL 1,233,574; Dividends payable to personnel amounting to TL 276,496 taxes, duties, charges and funds amounting to TL 194,440, TMSF expenses amounting to TL 197,864 and other expenses amounting to TL 564,774. Prior Period - December 31, 2017 Personnel Costs 1,768,758 Reserve for Employee Termination Benefits 44,031 Deficit Provision for Pension Funds - Impairment Losses on Tangible Assets - Amortization Expenses on Tangible Assets 134,491 Impairment Losses on Intangible Assets - Amortization Expenses on Intangible Assets 26,780 Impairment Losses on Assets to be Disposed - Depreciation Expenses on Assets to be Disposed - Impairment Losses on Assets Held for Sale - Other Operating Expenses 1,844,656 Operational lease expenses 247,667 Repair and maintenance expenses 62,247 Advertisement expenses 108,801 Other expenses 1,425,941 Loss on sale of assets 1,834 Other (*) 600,178 Total 4,420,728 (*) Other operating expenses amounting to TL 600,178; Dividends payable to personnel amounting to TL 168,500 taxes, duties, fees and funds amounting to TL 148,817, TMSF expenses of TL 168,783 and other expenses amounting to TL 114,078.