VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 341 Notes Audited Prior Period December 31, 2017 I. DISTRIBUTION OF CURRENT YEAR PROFIT (**) 1.1 CURRENT YEAR’S PROFIT 4,675,132 1.2 TAXES AND LEGAL DUTIES PAYABLE (951,749) 1.2.1 Corporate tax (income tax) V-IV-11 (792,677) 1.2.2 Withholding tax - 1.2.3 Other taxes and duties (*) V-IV-11 (159,072) A. NET PROFIT FOR THE YEAR 3,723,383 1.3 DEFERED TAX INCOME TRANSFERRED TO OTHER RESERVES V-IV-11 - B. NET PROFIT FOR THE YEAR AFTER DEFERRED TAX INCOME 3,723,383 1.4 ACCUMULATED LOSSES - 1.5 FIRST LEGAL RESERVES V-V-5 186,169 1.6 OTHER STATUTORY RESERVES V-V-5 186,169 C. NET PROFIT AVAILABLE FOR DISTRIBUTION 3,351,045 1.7 FIRST DIVIDEND TO SHAREHOLDERS 125,000 1.7.1 To owners of ordinary shares 125,000 1.7.2 To owners of privileged shares - 1.7.3 To owners of redeemed shares - 1.7.4 To profit sharing bonds - 1.7.5 To holders of profit and loss sharing certificates - 1.8 DIVIDENDS TO PERSONNEL - 1.9 DIVIDENDS TO BOARD OF DIRECTORS - 1.10 SECOND DIVIDEND TO SHAREHOLDERS - 1.10.1 To owners of ordinary shares - 1.10.2 To owners of privileged shares - 1.10.3 To owners of redeemed shares - 1.10.4 To profit sharing bonds - 1.10.5 To holders of profit and loss sharing certificates - 1.11 SECOND LEGAL RESERVES - 1.12 STATUS RESERVES - 1.13 EXTRAORDINARY RESERVES V-V-5 3,196,380 1.14 OTHER RESERVES - 1.15 SPECIAL FUNDS V-V-5 29,665 II. DISTRIBUTION FROM RESERVES - 2.1 DISTRIBUTION OF RESERVES - 2.2 SECOND LEGAL RESERVES - 2.3 DIVIDENTS TO SHAREHOLDERS - 2.3.1 To owners of ordinary shares - 2.3.2 To owners of privileged shares - 2.3.3 To owners of redeemed shares - 2.3.4 To profit sharing bonds - 2.3.5 To holders of profit and loss sharing certificates - 2.4 DIVIDENDS TO PERSONNEL - 2.5 DIVIDENDS TO BOARD OF DIRECTORS - III. EARNINGS PER SHARE - 3.1 TO OWNERS OF ORDINARY SHARES (Earning per 100 shares) 1.4894 3.2 TO OWNERS OF ORDINARY SHARES ( % ) 148.94 3.3 TO OWNERS OF PRIVILEGED SHARES - 3.4 TO OWNERS OF PRIVILEGED SHARES ( % ) - IV. DIVIDEND PER SHARE - 4.1 TO OWNERS OF ORDINARY SHARES - 4.2 TO OWNERS OF ORDINARY SHARES ( % ) - 4.3 TO OWNERS OF PRIVILEGED SHARES - 4.4 TO OWNERS OF PRIVILEGED SHARES ( % ) - (*) The amount shown in other taxes and legal liabilities is deferred income/expense tax, and deferred tax income is not subject to profit distribution. (**) The profit distribution is based on the non-consolidated financial statements of the Parent Bank. 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 repared 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 DISTRIBUTION 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.