VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 339 Notes Audited Prior Period December 31, 2017 A. CASH FLOWS FROM BANKING OPERATIONS 1.1 Operating profit before changes in operating assets and liabilities 6,846,022 1.1.1 Interests received 20,390,595 1.1.2 Interests paid (12,569,147) 1.1.3 Dividends received 17,865 1.1.4 Fee and commissions received 1,896,758 1.1.5 Other income 1,503,221 1.1.6 Collections from previously written-off loans and other receivables 1,378,167 1.1.7 Payments to personnel and service suppliers (2,239,442) 1.1.8 Taxes paid (813,686) 1.1.9 Other V-VI-1 (2,718,309) 1.2 Changes in operating assets and liabilities (502,403) 1.2.1 Net (increase) decrease in financial assets held for trading purpose 52,705 1.2.2 Net (increase) decrease in financial assets valued at fair value through profit or loss - 1.2.3 Net (increase) decrease in due from banks and other financial institutions (4,638,887) 1.2.4 Net (increase) decrease in loans (39,057,735) 1.2.5 Net (increase) decrease in other assets (3,821,724) 1.2.6 Net increase (decrease) in bank deposits 4,631,612 1.2.7 Net increase (decrease) in other deposits 26,388,303 1.2.8 Net increase (decrease) in funds borrowed 4,868,590 1.2.9 Net increase (decrease) in matured payables - 1.2.10 Net increase (decrease) in other liabilities V-VI-1 11,074,733 I. Net cash flow from banking operations 6,343,619 B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net cash flow from investing activities (2,727,581) 2.1 Cash paid for purchase of associates, subsidiaries and joint-ventures - 2.2 Proceeds from disposal of associates, subsidiaries and joint-ventures V-VI-3 232 2.3 Cash paid for purchase of tangible assets (171,566) 2.4 Proceeds from disposal of tangible assets 574,326 2.5 Cash paid for purchase of available-for-sale financial assets (7,485,592) 2.6 Proceeds from disposal of available-for-sale financial assets 4,650,615 2.7 Cash paid for purchase of held-to-maturity investments (2,423,358) 2.8 Proceeds from disposal of held-to-maturity investments 2,186,864 2.9 Other V-VI-1 (59,102) C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net cash flow from financing activities 5,862,857 3.1 Cash obtained from funds borrowed and securities issued 16,823,204 3.2 Cash used for repayment of funds borrowed and securities issued (10,831,784) 3.3 Equity instruments issued - 3.4 Dividends paid (128,563) 3.5 Repayments for finance leases - 3.6 Other - IV. Effect of change in foreign exchange rates on cash and cash equivalents V-VI-1 (137,492) V. Net (decrease) / increase in cash and cash equivalents 9,341,403 VI. Cash and cash equivalents at the beginning of the period V-VI-4 12,421,404 VII. Cash and cash equivalents at the end of the period V-VI-4 21,762,807 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, 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.