VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 333 Notes Audited Prior Period January 1, 2017- December 31, 2017 I. INTEREST INCOME V-IV-1 22,045,179 1.1 Interest income from loans V-IV-1 18,315,576 1.2 Interest income from reserve deposits 221,541 1.3 Interest income from banks V-IV-1 210,696 1.4 Interest income from money market transactions 35,753 1.5 Interest income from securities portfolio V-IV-1 2,914,538 1.5.1 Trading financial assets 19,051 1.5.2 Financial assets designated at fair value through profit or loss - 1.5.3 Available-for-sale financial assets 1,735,213 1.5.4 Held-to-maturity investments 1,160,274 1.6 Finance lease income 138,960 1.7 Other interest income 208,115 II. INTEREST EXPENSE V-IV-2 13,073,305 2.1 Interest expense on deposits V-IV-2 9,200,620 2.2 Interest expense on funds borrowed V-IV-2 841,072 2.3 Interest expense on money market transactions 1,553,389 2.4 Interest expense on securities issued V-IV-2 1,059,739 2.5 Other interest expenses 418,485 III. NET INTEREST INCOME (I – II) 8,971,874 IV. NET FEES AND COMMISSIONS INCOME 1,235,550 4.1 Fees and commissions received 1,896,758 4.1.1 Non-cash loans 300,942 4.1.2 Others 1,595,816 4.2 Fees and commissions paid 661,208 4.2.1 Non-cash loans 4,190 4.2.2 Others 657,018 V. DIVIDEND INCOME V-IV-3 47,481 VI. TRADING INCOME/LOSSES (Net) V-IV-4 194,447 6.1 Trading account income/losses V-IV-4 48,446 6.2 Income/losses from derivative financial instruments V-IV-4 (15,681) 6.3 Foreign exchange gains/losses V-IV-4 161,682 VII. OTHER OPERATING INCOME V-IV-5 3,085,245 VIII. TOTAL OPERATING PROFIT (III+IV+V+VI+VII) 13,534,597 IX. PROVISION FOR LOSSES ON LOANS AND OTHER RECEIVABLES (-) V-IV-6 2,842,558 X. OTHER OPERATING EXPENSES (-) V-IV-7 5,734,147 XI. NET OPERATING PROFIT/LOSS (VIII-IX-X) 4,957,892 XII. INCOME RESULTED FROM MERGERS - XIII. INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING 51,481 XIV. GAIN/LOSS ON NET MONETARY POSITION - XV. INCOME/LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (XI+…+XIV) V-IV-8 5,009,373 XVI. CONTINUING OPERATIONS PROVISION FOR TAXES V-IV-11 (992,027) 16.1 Current tax charges V-IV-11 (831,655) 16.2 Deferred tax credits V-IV-11 (160,372) XVII. NET INCOME/LOSS AFTER TAXES FROM CONTINUING OPERATIONS (XV±XVI) V-IV-12 4,017,346 XVIII. INCOME FROM DISCONTINUED OPERATIONS - 18.1 Income from investment properties - 18.2 Income from sales of subsidiaries, affiliates and joint-ventures - 18.3 Other income from discontinued activities - XIX. EXPENSES FROM DISCONTINUED OPERATIONS(-) - 19.1 Investment property expenses - 19.2 Losses from sales of subsidiaries, affiliates and joint ventures - 19.3 Other expenses from discontinued activities - XX. INCOME/LOSS FROM DISCONTINUED OPERATIONS BEFORE TAXES(XVIII-XIX) - XXI. DISCONTINUED OPERATIONS PROVISION FOR TAXES(±) - 21.1 Current tax charge - 21.2 Deferred tax charge - XXII. NET INCOME/LOSS AFTER TAXES FROM DISCONTINUED OPERATIONS(XX±XXI) - XXIII. NET PROFIT/LOSS (XVI+XXII) V-IV-12 4,017,346 23.1. Equity holders of the Bank 3,932,432 23.2. Non-controlling interest(-) 84,914 Earnings per 100 Share (full TL) III-XXIV 1.5730 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 INCOME FOR THE YEAR ENDED 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.