VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 331 Audited Prior Period December 31, 2017 Notes TL FC Total A. OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III) 80,999,013 81,421,461 162,420,474 I. GUARANTEES AND SURETIES V-III-2-4 32,656,344 18,667,358 51,323,702 1.1 Letters of guarantee 32,035,061 8,135,927 40,170,988 1.1.1 Guarantees subject to State Tender Law 3,163,898 4,099,756 7,263,654 1.1.2 Guarantees given for foreign trade operations 1,053,872 - 1,053,872 1.1.3 Other letters of guarantee 27,817,291 4,036,171 31,853,462 1.2 Bank acceptances 44,700 1,510,854 1,555,554 1.2.1 Import letter of acceptance 671 519,399 520,070 1.2.2 Other bank acceptances 44,029 991,455 1,035,484 1.3 Letters of credit 30,161 8,963,991 8,994,152 1.3.1 Documentary letters of credit 30,161 8,963,991 8,994,152 1.3.2 Other letters of credit - - - 1.4 Guaranteed pre-financings - 3,006 3,006 1.5 Endorsements - - - 1.5.1 Endorsements to the Central Bank of the Republic of Turkey - - - 1.5.2 Other endorsements - - - 1.6 Marketable securities underwriting commitments - - - 1.7 Factoring related guarantees 225,380 7,528 232,908 1.8 Other guarantees 81,074 43,996 125,070 1.9 Other sureties 239,968 2,056 242,024 II. COMMITMENTS 31,872,658 17,873,251 49,745,909 2.1 Irrevocable commitments V-III-1 28,813,083 1,547,642 30,360,725 2.1.1 Asset purchase commitments V-III-1 793,979 961,190 1,755,169 2.1.2 Deposit purchase and sales commitments - - - 2.1.3 Share capital commitments to associates and subsidiaries - - - 2.1.4 Loan granting commitments V-III-1 11,843,577 74,556 11,918,133 2.1.5 Securities issuance brokerage commitments - - - 2.1.6 Commitments for reserve deposit requirements - - - 2.1.7 Commitments for cheque payments V-III-1 2,542,741 - 2,542,741 2.1.8 Tax and fund obligations on export commitments - - - 2.1.9 Commitments for credit card limits V-III-1 10,534,862 - 10,534,862 2.1.10 Commitments for credit card and banking operations promotions 761,674 - 761,674 2.1.11 Receivables from “short” sale commitments on securities - - - 2.1.12 Payables from “short” sale commitments on securities - - - 2.1.13 Other irrevocable commitments 2,336,250 511,896 2,848,146 2.2 Revocable commitments 3,059,575 16,325,609 19,385,184 2.2.1 Revocable loan granting commitments 3,059,575 16,325,609 19,385,184 2.2.2 Other revocable commitments - - - III. DERIVATIVE FINANCIAL INSTRUMENTS 16,470,011 44,880,852 61,350,863 3.1 Derivative financial instruments held for risk management - - - 3.1.1 Fair value hedges - - - 3.1.2 Cash flow hedges - - - 3.1.3 Net foreign investment hedges - - - 3.2 Trading derivatives 16,470,011 44,880,852 61,350,863 3.2.1 Forward foreign currency purchases/sales 1,152,837 1,617,661 2,770,498 3.2.1.1 Forward foreign currency purchases 576,772 808,889 1,385,661 3.2.2.2 Forward foreign currency sales 576,065 808,772 1,384,837 3.2.2 Currency and interest rate swaps 9,715,102 31,666,680 41,381,782 3.2.2.1 Currency swaps-purchases 3,085,946 11,883,240 14,969,186 3.2.2.2 Currency swaps-sales 4,289,156 5,162,344 9,451,500 3.2.2.3 Interest rate swaps-purchases 1,170,000 7,310,548 8,480,548 3.2.2.4 Interest rate swaps-sales 1,170,000 7,310,548 8,480,548 3.2.3 Currency, interest rate and security options 426,094 431,542 857,636 3.2.3.1 Currency call options 412,706 13,400 426,106 3.2.3.2 Currency put options 13,388 418,142 431,530 3.2.3.3 Interest rate call options - - - 3.2.3.4 Interest rate put options - - - 3.2.3.5 Security call options - - - 3.2.3.6 Security put options - - - 3.2.4 Currency futures - - - 3.2.4.1 Currency futures-purchases - - - 3.2.4.2 Currency futures-sales - - - 3.2.5 Interest rate futures - - - 3.2.5.1 Interest rate futures-purchases - - - 3.2.5.2 Interest rate futures-sales - - - 3.2.6 Other 5,175,978 11,164,969 16,340,947 B. CUSTODY AND PLEDGED ITEMS (IV+V+VI) 1,287,928,890 807,052,180 2,094,981,070 IV. ITEMS HELD IN CUSTODY 59,316,964 5,617,699 64,934,663 4.1 Customers’ securities held 923,511 - 923,511 4.2 Investment securities held in custody 43,471,833 135,880 43,607,713 4.3 Checks received for collection 10,617,821 2,607,299 13,225,120 4.4 Commercial notes received for collection 2,959,313 993,297 3,952,610 4.5 Other assets received for collection 2,152 151 2,303 4.6 Assets received through public offering - - - 4.7 Other items under custody 140,536 743,875 884,411 4.8 Custodians 1,201,798 1,137,197 2,338,995 V. PLEDGED ITEMS 315,488,892 132,707,352 448,196,244 5.1 Securities 740,033 5,090 745,123 5.2 Guarantee notes 708,473 524,748 1,233,221 5.3 Commodities 33,014,517 759,683 33,774,200 5.4 Warranties - - - 5.5 Real estates 240,571,560 108,037,406 348,608,966 5.6 Other pledged items 39,693,039 23,254,495 62,947,534 5.7 Pledged items-depository 761,270 125,930 887,200 VI. CONFIRMED BILLS OF EXCHANGE AND SURETIES 913,123,034 668,727,129 1,581,850,163 TOTAL OFF-BALANCE SHEET ITEMS (A+B) 1,368,927,903 888,473,641 2,257,401,544 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 OFF-BALANCE SHEET 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.