VKF_FRAE_2018_uyg11

332 Part III: Financial Highlights and Assessment of Risk Management Notes Audited Current Period January 1, 2018- December 31, 2018 I. INTEREST INCOME V-IV-1 34,957,243 1.1 Interest on loans V-IV-1 27,902,523 1.2 Interest received from reserve deposits 389,604 1.3 Interest received from banks V-IV-1 329,852 1.4 Interest received from money market transactions 20,725 1.5 Interest received from marketable securities portfolio V-IV-1 6,090,312 1.5.1 Financial assets at fair value through profit or loss 15,143 1.5.2 Financial assets at fair value through other comprehensive income 1,051,007 1.5.3 Financial assets measured at amortised cost 5,024,162 1.6 Finance lease income 200,059 1.7 Other interest income 24,168 II. INTEREST EXPENSES 23,529,737 2.1 Interest on deposits V-IV-2 15,537,418 2.2 Interest on funds borrowed V-IV-2 1,599,774 2.3 Interest on money market transactions 3,557,193 2.4 Interest on securities issued V-IV-2 2,094,967 2.5 Other interest expenses 740,385 III. NET INTEREST INCOME/EXPENSE (I - II) 11,427,506 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 2,151,048 4.1 Fees and commissions received 3,114,751 4.1.1 Non-cash loans 479,388 4.1.2 Other 2,635,363 4.2 Fees and commissions paid 963,703 4.2.1 Non-cash loans 5,854 4.2.2 Other 957,849 V. PERSONNEL EXPENSES (-) 2,452,360 VI. DIVIDEND INCOME V-IV-3 50,011 VII. TRADING PROFIT/LOSS (Net) V-IV-4 822,830 7.1 Profit/losses from capital market transactions V-IV-4 158,123 7.2 Profit/losses from derivative financial transactions V-IV-4 271,057 7.3 Foreign exchange profit/losses V-IV-4 393,650 VIII. OTHER OPERATING INCOME V-IV-5 3,945,443 IX. GROSS PROFIT FROM OPERATING ACTIVITIES (III+IV+V+VI+VII+VIII) 15,944,478 X. ALLOWANCES FOR EXPECTED CREDIT LOSSES (-) V-IV-6 5,043,269 XI. OTHER OPERATING EXPENSES (-) V-IV-7 5,268,012 XII. NET OPERATING PROFIT/LOSS (IX-X-XI) 5,633,197 XIII. SURPLUS WRITTEN AS GAIN AFTER MERGER - XIV. PROFIT/LOSS FROM EQUITY METHOD APPLIED SUBSIDIARIES 56,576 XV. NET MONETORY POSITION GAIN/LOSS - XVI. PROFIT/LOSS BEFORE TAXES FROM CONTINUING OPERATIONS (XII+...+XV) V-IV-8 5,689,773 XVII. PROVISION FOR TAXES ON INCOME FROM CONTINUING OPERATIONS (±) V-IV-11 (1,085,295) 17.1 Current tax provision V-IV-11 (840,854) 17.2 Expense effect of deferred tax (+) V-IV-11 (1,436,804) 17.3 Income effect of deferred tax (-) V-IV-11 1,192,363 XIII. NET PROFIT/LOSS FROM CONTINUING OPERATIONS (XVI±XVII) V-IV-12 4,604,478 XIX. INCOME FROM DISCONTINUED OPERATIONS - 19.1 Income from assets held for sale - 19.2 Profit from sale of associates, subsidiaries and joint ventures - 19.3 Other income from discontinued operations - XX. EXPENSES FROM DISCONTINUED OPERATIONS (-) - 20.1 Expenses on assets held for sale - 20.2 Losses from sale of associates, subsidiaries and joint ventures - 20.3 Other expenses from discontinued operations - XXI. PROFIT/LOSS BEFORE TAXES FROM DISCONTINUED OPERATIONS (±) (XIX-XX) - XXII. TAX PROVISION FOR DISCONTINUED OPERATIONS (±) - 22.1 Current tax provision - 22.2 Expense effect of deferred tax (+) - 22.3 Income effect of deferred tax (-) - XXIII. NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XXI±XXII) - XXIV. NET PROFIT/LOSSES (XVIII+XXIII) V-IV-12 4,604,478 24.1. Profit/Loss per share 4,544,278 24.2. Non-controlling interest(-) 60,200 Earnings per 100 Share (full TL) III-XXIV 1.8177 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 STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED DECEMBER 31, 2018 (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.