VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 301 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.) 13. Information related to the 20% of the sub-accounts belonging to components of other items in the statement of income exceeding 10% of the group total Banks’ other commissions income mainly consists of credit card fee and commissions, transfer commissions and intelligence commissions. Banks’ other commissions expense mainly consists of credit card fee and commissions and commissions given for foreign banks credits.  V. INFORMATION AND DISCLOSURES RELATED TO STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 1. Information on increases of revaluation of available-for-sale investments Movement tables related to revaluation differences of available-for-sale investments where valuation differences arising from the fair value measurement of fair value through other comprehensive income assets, subsidiaries and affiliates are recorded are as follows: Valuation Differences of Marketable Securities Current Period - December 31, 2018 Valuation differences at the beginning of the year (157,573) Fair value changes in the current year 49,261 Valuation differences transferred to the statement of income 21,481 Effect of deferred and corporate taxes (13,466) Valuation differences at the end of the year (100,297) Valuation Differences of Marketable Securities Prior Period - December 31, 2017 Valuation differences at the beginning of the year (215,834) Fair value changes in the current year 115,416 Valuation differences transferred to the statement of income (42,590) Effect of deferred and corporate taxes (14,565) Valuation differences at the end of the year (157,573) Valuation Difference of the Subsidiaries and Affiliates Current Period - December 31, 2018 Valuation differences at the beginning of the year 1,230,407 Fair value changes in the current year 326,372 Valuation differences transferred to the statement of income - Effect of deferred and corporate taxes (20,723) Valuation differences at the end of the year 1,536,056 Valuation Difference of the Subsidiaries and Affiliates Prior Period - December 31, 2017 Valuation differences at the beginning of the year 913,862 Fair value changes in the current year 332,479 Valuation differences transferred to the statement of income - Effect of deferred and corporate taxes (15,934) Valuation differences at the end of the year 1,230,407