VKF_FRAE_2018_uyg11

300 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 table of the tax provision reconciliation for the years December 31, 2018 and December 31, 2017 is as below. Current Period - December 31, 2018 Profit before tax 5,153,927 Additions 3,875,092 Reductions 4,028,642 Other 999,605 Basis 4,000,772 Corporate tax rate 22% Tax calculated 880,170 Other corrections 119,435 Tax expense 999,605 Prior Period - December 31, 2017 Profit before tax 4,675,132 Additions 1,578,221 Reductions (1,479,835) Other (951,750) Basis 3,821,768 Corporate tax rate 20% Tax calculated 764,354 Other corrections 187,395 Tax expense 951,749 12. Information on net profit and loss The nature and amount of certain income and expense items from ordinary operations is disclosed if the disclosure for nature, amount and repetition rate of such items is required for the complete understanding of the Bank’s performance for the period The Bank has earned TL 33,953,817 interest income, TL 2,293,210 net fees and commissions income and incurred TL 23,113,130 interest expenses, from ordinary banking transactions (December 31, 2017: TL 21,444,094 interest income, TL 12,822,668 interest expenses, TL 1,330,665 net fees and commissions income). Any changes in estimations that might have a material effect on current and subsequent period results None.