VKF_FRAE_2018_uyg11

338 Part III: Financial Highlights and Assessment of Risk Management Notes Audited Current Period December 31, 2018 A. A. CASH FLOWS FROM BANKING OPERATIONS 1.1 1.1.Operating profit before changes in operating assets and liabilities (+) 6,659,487 1.1.1 1.1.1.Interest received (+) 29,483,430 1.1.2 1.1.2.Interest paid (-) (22,509,234) 1.1.3 1.1.3.Dividends received (+) 13,223 1.1.4 1.1.4.Fees and commissions received (+) 3,172,283 1.1.5 1.1.5.Other income (+) 1,398,330 1.1.6 1.1.6.Collections from previously written off loans and other receivables (+) 3,407,258 1.1.7 1.1.7.Cash payments to personnel and service suppliers (-) (2,781,487) 1.1.8 1.1.8.Taxes paid (-) (1,352,171) 1.1.9 1.1.9.Other (+/-) V-VI-1 (4,172,145) 1.2 1.2.Changes in operating assets and liabilities subject to banking operations 161,052 1.2.1 1.2.1.Net (Increase) Decrease in Financial Assets at Fair Value through Profit or Loss (+/-) (83,876) 1.2.2 1.2.2.Net increase (decrease) in due from banks (+/-) (3,598,120) 1.2.3 1.2.3.Net increase (decrease) in loans (39,226,440) 1.2.4 1.2.4.Net increase (decrease) in other assets (+/-) (1,678,850) 1.2.5 1.2.5.Net increase (decrease) in bank deposits (+/-) (2,728,596) 1.2.6 1.2.6.Net increase (decrease) in other deposits (+/-) 25,977,717 1.2.7 1.2.7.Net increase (decrease) in financial liabilities at fair value through profit or loss (+/-) - 1.2.8 1.2.8.Net increase (decrease) in funds borrowed (+/-) 13,762,167 1.2.9 1.2.9.Net increase (decrease) in matured payables (+/-) - 1.2.10 1.2.10.Net increase (decrease) in other liabilities (+/-) V-VI-1 7,737,050 I. I. Net cash provided from banking operations(+/-) 6,820,539 B. B. CASH FLOWS FROM INVESTING ACTIVITIES II. II. Net cash provided from investing activities(+/-) (16,429,345) 2.1 2.1.Cash paid for the purchase of associates, subsidiaries and joint ventures (20,876) 2.2 2.2.Cash obtained from the sale of associates, subsidiaries and joint ventures V-VI-3 886 2.3 2.3.Cash paid for the purchase of tangible and intangible asset (-) (3,051,062) 2.4 2.4.Cash obtained from the sale of tangible and intangible asset (+) 1,847,176 2.5 2.5.Cash paid for the purchase of financial assets at fair value through other comprehensive income (-) (9,386,200) 2.6 2.6.Cash obtained from the sale of financial assets at fair value through other comprehensive income (+) 4,509,924 2.7 2.7.Cash paid for the purchase of financial assets at amortised cost (-) (11,162,210) 2.8 2.8.Cash obtained from sale of financial assets at amortised cost (+) 841,350 2.9 2.9.Other (+/-) V-VI-1 (8,333) C. C. CASH FLOWS FROM FINANCING ACTIVITIES III. III. Net cash flows from financing activities (+/-) 9,803,419 3.1 3.1.Cash obtained from funds borrowed and securities issued (+) 20,123,866 3.2 3.2.Cash outflow from funds borrowed and securities issued (-) (10,195,447) 3.3 3.3.Equity instruments issued (+) - 3.4 3.4.Dividends paid (-) (125,000) 3.5 3.5.Payments for finance lease liabilities (-) - 3.6 3.6.Other (+/-) - IV. IV. Effect of change in foreign exchange rate on cash and cash equivalents V-VI-1 256,824 V. V. Net increase/decrease in cash and cash equivalents (I+II+III+IV) 451,437 VI. VI. Cash and cash equivalents at beginning of the period (+) V-VI-4 20,110,705 VII. VII. Cash and cash equivalents at end of the period (V+VI) V-VI-4 20,562,142 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 CASH FLOW 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.