VKF_FRAE_2018_uyg11

326 Part III: Financial Highlights and Assessment of Risk Management SECTION TWO CONSOLIDATED FINANCIAL STATEMENTS Audited Current Period December 31, 2018 ASSETS Notes TL FC Total I. FINANCIAL ASSETS (Net) 50,284,464 44,372,534 94,656,998 1.1 Cash and cash equivalents V-I-1 6,036,689 33,165,715 39,202,404 1.1.1 Cash and balances at Central Bank V-I-1 5,466,368 27,025,089 32,491,457 1.1.2 Banks V-I-3 563,482 6,140,626 6,704,108 1.1.3 Receivables from Money Markets 6,839 - 6,839 1.2 Financial assets at fair value through profit or loss 147,706 76,799 224,505 1.2.1 Public debt securities 3,131 7,033 10,164 1.2.2 Equity instruments 2,914 69,766 72,680 1.2.3 Other financial assets 141,661 - 141,661 1.3 Financial assets at fair value through other comprehensive income V-I-4 7,727,407 3,145,027 10,872,434 1.3.1 Public debt securities 7,662,348 2,161,026 9,823,374 1.3.2 Equity instruments - 3,451 3,451 1.3.3 Other financial assets 65,059 980,550 1,045,609 1.4 Financial assets measured at amortised cost V-I-6 32,377,288 7,603,222 39,980,510 1.4.1 Public debt securities 32,326,808 7,413,026 39,739,834 1.4.2 Other financial assets 50,480 190,196 240,676 1.5 Derivative financial assets V-I-2 4,031,081 382,302 4,413,383 1.5.1 Derivative financial assets at fair value through profit or loss V-I-2 4,031,081 382,302 4,413,383 1.5.2 Derivative financial assets at fair value through other comprehensive income - - - 1.6 Non-performing financial assets - - - 1.6 Allowance for expected credit losses (-) V-I-18 35,707 531 36,238 II. LOANS (Net) V-I-5 142,756,386 85,893,815 228,650,201 2.1 Loans 139,797,214 83,536,354 223,333,568 2.1.1 Loans measured at amortised cost 139,797,214 83,536,354 223,333,568 2.1.2 Loans at fair value through profit or loss - - - 2.1.3 Loans at fair value through other comprehensive income - - - 2.2 Receivables from leasing transactions V-I-10 528,938 2,252,664 2,781,602 2.2.1 Finance lease receivables 692,191 2,512,093 3,204,284 2.2.2 Operational lease receivables - - - 2.2.3 Unearned income ( - ) 163,253 259,429 422,682 2.3 Factoring receivables 2,537,604 97,705 2,635,309 2.3.1 Factoring receivables measured at amortised cost 2,537,604 97,705 2,635,309 2.3.2 Factoring receivables at fair value through profit or loss - - - 2.3.3 Factoring receivables at fair value through other comprehensive income - - - 2.4 Non-performing loans 10,968,253 161,055 11,129,308 2.5 Allowance for expected credit losses (-) 11,075,623 153,963 11,229,586 2.5.1 12-Month expected credit losses (Stage 1) 1,606,631 29,611 1,636,242 2.5.2 Significant increase in credit risk (Stage 2) 1,325,552 1,028 1,326,580 2.5.3 Credit-Impaired (Stage 3) 8,143,440 123,324 8,266,764 III. NON-CURRENTS ASSETS OR DISPOSAL GROUPS “HELD FOR SALE” AND “FROM DISCONTINUED OPERATIONS (Net) V-I-16 1,568,113 - 1,568,113 3.1 Held for sale 1,568,113 - 1,568,113 3.2 Held from discontinued operations - - - IV. INVESTMENTS IN ASSOCIATES, SUBSIDIARIES AND JOINT VENTURES 1,125,286 3 1,125,289 4.1 Investments in associates (Net) V-I-7 805,406 3 805,409 4.1.1 Associates accounted by using equity method 363,641 - 363,641 4.1.2 Non-consolidated associates 441,765 3 441,768 4.2 Investments in subsidiaries (Net) V-I-8 319,880 - 319,880 4.2.1 Non-consolidated financial subsidiaries - - - 4.2.2 Non-consolidated non-financial subsidiaries 319,880 - 319,880 4.3 Jointly Controlled Partnerships (Joint Ventures) (Net) V-I-9 - - - 4.3.1 Jointly controlled partnerships accounted by using equity method - - - 4.3.2 Non-consolidated jointly controlled partnerships - - - V. TANGIBLE ASSETS (Net) V-I-12 2,832,630 11,876 2,844,506 VI. INTANGIBLE ASSETS AND GOODWILL (Net) V-I-13 286,176 335 286,511 6.1 Goodwill 14,631 - 14,631 6.2 Other 271,545 335 271,880 VII. INVESTMENT PROPERTIES (Net) V-I-14 607,400 - 607,400 VIII. CURRENT TAX ASSETS V-I-15 2 - 2 IX. DEFERRED TAX ASSETS V-I-15 188,968 - 188,968 X. OTHER ASSETS V-I-17 6,088,512 8,621,960 14,710,472 TOTAL ASSETS 205,737,937 138,900,523 344,638,460 Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these consolidated financial statements. CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS AT DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)