VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 329 Audited Prior Period December 31, 2017 LIABILITIES AND EQUITY Notes TL FC Total I. DEPOSITS V-II-1 102,796,242 55,191,624 157,987,866 1.1 Deposits of risk group 2,079,489 146,601 2,226,090 1.2 Other deposits 100,716,753 55,045,023 155,761,776 II. DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING PURPOSE V-II-2 1,011,508 169,034 1,180,542 III. FUNDS BORROWED V-II-3 2,257,541 29,130,247 31,387,788 IV. INTERBANK MONEY MARKET 18,936,344 3,752,731 22,689,075 4.1 Interbank money market takings 11,662,376 1,631,693 13,294,069 4.2 Istanbul Stock Exchange money market takings 237,318 - 237,318 4.3 Obligations under repurchase agreements 7,036,650 2,121,038 9,157,688 V. SECURITIES ISSUED (Net) V-II-3 6,967,544 12,903,215 19,870,759 5.1 Bills 3,996,077 - 3,996,077 5.2 Asset backed securities - - - 5.3 Bonds 2,971,467 12,903,215 15,874,682 VI. FUNDS 3,206 - 3,206 6.1 Funds against borrower’s note - - - 6.2 Other 3,206 - 3,206 VII. MISCELLANEOUS PAYABLES 6,343,340 989,690 7,333,030 VIII. OTHER EXTERNAL RESOURCES PAYABLE V-II-4 947,498 3,029,795 3,977,293 IX. FACTORING PAYABLES 221 216 437 X. LEASE PAYABLES (Net) V-II-5 - - - 10.1 Finance lease payables - - - 10.2 Operational lease payables - - - 10.3 Other - - - 10.4 Deferred finance leasing expenses ( - ) - - - XI. DERIVATIVE FINANCIAL LIABILITIES HELD FOR RISK MANAGEMENT PURPOSE - - - 11.1 Fair value hedges - - - 11.2 Cash flow hedges - - - 11.3 Hedges of net investment in foreign operations - - - XII. PROVISIONS V-II-7 6,084,250 42,791 6,127,041 12.1 General provisions 1,872,826 12,667 1,885,493 12.2 Restructuring reserves - - - 12.3 Reserve for employee benefits 852,775 2,763 855,538 12.4 Insurance technical provisions (Net) 2,631,507 14,011 2,645,518 12.5 Other provisions 727,142 13,350 740,492 XIII. TAX LIABILITIES 703,795 58,072 761,867 13.1 Current tax liabilities V-II-8 686,133 670 686,803 13.2 Deferred tax liabilities 17,662 57,402 75,064 XIV. PAYABLES FOR ASSETS HELD FOR SALE AND ASSETS RELATED TO DISCONTINUED OPERATIONS (Net) V-II-9 - - - 14.1 Payables related to the assets held for sale - - - 14.2 Payables related to the discontinued operations - - - XV. SUBORDINATED LOANS V-II-10 528,188 5,388,949 5,917,137 XVI. EQUITY V-II-11 22,991,149 631,816 23,622,965 16.1 Paid-in capital V-II-11 2,500,000 - 2,500,000 16.2 Capital reserves 1,582,247 177,252 1,759,499 16.2.1 Share premium 724,269 - 724,269 16.2.2 Share cancellation profits - - - 16.2.3 Valuation differences of the marketable securities V-II-11 (240,378) 177,252 (63,126) 16.2.4 Revaluation surplus on tangible assets 1,046,956 - 1,046,956 16.2.5 Revaluation surplus on intangible assets - - - 16.2.6 Revaluation surplus on investment properties - - - 16.2.7 Bonus shares of associates, subsidiaries and joint-ventures 3,913 - 3,913 16.2.8 Hedging reserves (effective portion) - - - 16.2.9 Revaluation surplus on assets held for sale and assets related to the discontinued operations - - - 16.2.10 Other capital reserves 47,487 - 47,487 16.3 Profit reserves 14,550,334 254,763 14,805,097 16.3.1 Legal reserves 1,700,302 9,553 1,709,855 16.3.2 Status reserves 6,337 - 6,337 16.3.3 Extraordinary reserves 12,432,750 5,389 12,438,139 16.3.4 Other profit reserves 410,945 239,821 650,766 16.4 Profit or loss 3,753,445 127,821 3,881,266 16.4.1 Prior years’ profit/loss (154,298) 103,132 (51,166) 16.4.2 Current period’s profit/loss 3,907,743 24,689 3,932,432 16.5 Non-controlling interest 605,123 71,980 677,103 TOTAL LIABILITIES AND EQUITY 169,570,826 111,288,180 280,859,006 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. 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, 2017 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) The accompanying explanations and notes form an integral part of these consolidated financial statements.