VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 393 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 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Information on currency risk Current Period – December 31, 2018 Euro US Dollar Other FC Total Assets: Cash and balances with the Central Bank of the Republic of Turkey 13,797,192 7,785,969 5,441,928 27,025,089 Banks 2,185,949 3,751,636 203,041 6,140,626 Financial assets at fair value through profit or loss - 76,799 - 76,799 Interbank money market placements - - - - Financial assets at fair value through other comprehensive income 2,044,784 1,100,243 - 3,145,027 Loans (1) (2) 41,922,498 46,731,831 101,595 88,755,924 Associates, subsidiaries and joint-ventures 3 - - 3 Financial assets measured at amortized cost 712,041 6,891,181 - 7,603,222 Derivative financial assets held for risk management purpose - - - - Tangible assets 1,746 10,130 - 11,876 Intangible assets 335 - - 335 Other assets (3) 1,791,067 6,993,830 5,726 8,790,623 Total assets 62,455,615 73,341,619 5,752,290 141,549,524 Liabilities: Bank deposits 1,144,660 3,827,756 777,891 5,750,307 Foreign currency deposits 33,533,915 31,782,524 3,089,686 68,406,125 Interbank money market takings 761,511 1,498,661 - 2,260,172 Other funding 17,251,533 25,527,170 14,573 42,793,276 Securities issued 5,953,366 8,707,542 - 14,660,908 Miscellaneous payables 1,521,238 305,761 3,823 1,830,822 Derivative financial liabilities held for risk management purpose - - - - Other liabilities (4) 633,511 10,481,079 8,528 11,123,118 Total liabilities 60,799,734 82,130,493 3,894,501 146,824,728 Net ‘on balance sheet’ position 1,655,881 (8,788,874) 1,857,789 (5,275,204) Net ‘off-balance sheet’ position (1,126,627) 10,790,769 (1,848,448) 7,815,694 Derivative assets (5) 12,125,172 36,297,298 1,775,373 50,197,843 Derivative liabilities (5) 13,251,799 25,506,529 3,623,821 42,382,149 Non-cash loans (6) 11,249,674 16,729,404 423,623 28,402,701 Prior Period - December 31, 2017 Euro US Dollar Other FC Total Total assets 37,222,119 65,202,842 6,871,680 109,296,641 Total liabilities 38,874,988 69,228,054 2,260,915 110,363,957 Net ‘on balance sheet’ position (1,652,869) (4,025,212) 4,610,765 (1,067,316) Net ‘off-balance sheet’ position 2,191,663 4,803,952 (4,607,585) 2,388,030 Derivative assets (5) 5,174,385 18,670,060 270,591 24,115,036 Derivative liabilities (5) 2,982,722 13,866,108 4,878,176 21,727,006 Non-cash loans (6) 5,616,304 12,773,108 277,946 18,667,358 (1) Foreign currency indexed loans amounting to TL 2,798,062 (December 31, 2017: TL 4,702,183) which are presented in TL column in the balance sheet are included in the table above. (2) Foreign currency indexed factoring receivables amounted to TL 64,047 (December 31, 2017: TL 259,923) presented in TL column in the accompanying consolidated balance sheet are included. (3) Prepaid expenses amounting to TL 147,130 (December 31, 2017: TL 95,376) and derivative financial assets resulting from currency exchange rate rediscounts amounting to TL 65,978 (December 31, 2017: TL 13,982) are not included. (4) Unearned revenues amounting to 276,692 TL (31 December 2017: 197,598 TL) , deferred tax liability amounting to 681 TL (31 December 2017: 60,252) currency-induced rediscounts arising from derivatives transactions amounting to 103,841 TL (31 December 2017: 34,557 TL and equities amounting to 572,000 TL (31 December: 631,816 TL) are not included. (5) Asset purchase commitments amounting to TL 795,287 (December 31, 2017: TL 232,555) and asset sales commitments amounting to TL 1,457,340 (December 31, 2017: TL 728,635) are included. (6) Non-cash loans are not taken into consideration in the currency position account.