VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 403 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.) With the “Liquidity Coverage Rate” which is prepared under the framework of “Regulations Regarding Banks’ Calculations of Liquidity Coverage Rate” published by BRSA, the balance between banks’ net cash outflows and high quality liquid asset stock. The Group’s high quality liquid asset stock consists of cash and debt instruments issued by CBRT and Republic of Turkey Ministry of Treasury and Finance. Whereas the Group’s important fund sources are deposits, funds obtained from other financial institutions, marketable securities issued and funds obtained from repo transactions. Derivatives transactions with 30 or less days to maturity are included into liquidity coverage calculation with cash outflows created by the transactions as of the calculated liquidity coverage rate. In case of a liability resulting from derivatives transactions and security fulfillment liablity resulting from other liabilities, actions are taken accordingly to the related regulation. Maturity analysis of assets and liabilities according to remaining maturities: Current Period – December 31, 2018 Demand Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and over Undistributed (*) Total Assets: Cash and balance with CBRT 29,925,009 2,566,448 - - - - - 32,491,457 Banks 1,964,818 2,974,512 1,164,508 307,355 292,915 - - 6,704,108 Financial assets at fair value through profit/loss 34,101 26,370 33,450 17,862 29,464 12,097 71,161 224,505 Interbank money market placements - 6,839 - - - - - 6,839 Financial assets at fair value through other comprehensive - 131,504 615,583 1,836,535 5,044,188 3,241,173 3,451 10,872,434 Loans - 21,932,592 7,133,228 41,970,263 94,205,987 60,277,657 3,130,474 228,650,201 Financial assets measured at amortized cost - 84,591 1,574,115 1,991,249 19,685,216 16,645,339 - 39,980,510 Other assets 15,779 1,719,959 196,431 752,816 3,725,971 496,085 18,801,365 25,708,406 Total assets 31,939,707 29,442,815 10,717,315 46,876,080 122,983,741 80,672,351 22,006,451 344,638,460 Liabilities: Bank deposits 397,156 5,059,670 1,394,780 212,887 - - - 7,064,493 Other deposits 36,315,589 95,054,703 29,655,304 12,437,963 1,919,636 28,021 - 175,411,216 Funds borrowed - 2,481,148 3,917,309 17,846,735 14,838,188 6,349,477 - 45,432,857 Interbank money market takings - 26,500,499 674,788 - 1,656,338 292,247 - 29,123,872 Securities issued - 2,036,781 1,627,258 3,617,961 15,490,491 - - 22,772,491 Miscellaneous payables 3,577 26,676 155,255 90,160 2,235 - 7,750,259 8,028,162 Other liabilities 97,624 1,931,122 1,399,641 1,591,017 5,728,534 4,768,038 41,289,393 56,805,369 Total liabilities 36,813,946 133,090,599 38,824,335 35,796,723 39,635,422 11,437,783 49,039,652 344,638,460 Liquidity gap (4,874,239) (103,647,784) (28,107,020) 11,079,357 83,348,319 69,234,568 (27,033,201) - Net Off Balance Sheet Position - (18,521) 106,118 396,112 2,851,166 407,765 - 3,742,640 Receivables from Derivative Financial Instruments - 10,693,888 1,692,537 4,265,904 24,324,945 16,398,541 - 57,375,815 Payables from Derivative Financial Instruments - 10,712,409 1,586,419 3,869,792 21,473,779 15,990,776 - 53,633,175 Non-cash Loans 6,553,025 1,702,845 37,419,988 11,713,980 7,067,292 1,137,888 433,979 66,028,997 Prior Period – December 31, 2017 Demand Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and over Undistributed (*) Total Total assets 29,970,756 30,113,078 7,703,109 36,938,146 106,325,658 57,729,995 12,078,264 280,859,006 Total liabilities 30,123,512 120,627,784 30,938,749 31,902,986 23,974,261 11,467,155 31,824,559 280,859,006 Liquidity gap (152,756) (90,514,706) (23,235,640) 5,035,160 82,351,397 46,262,840 (19,746,295) - Net Off Balance Sheet Position - 94,163 5,183 113,226 1,271,821 974,446 - 2,458,839 Receivables from Derivative Financial Instruments - 4,193,884 3,236,673 2,895,897 13,990,524 7,587,873 - 31,904,851 Payables from Derivative Financial Instruments - 4,099,721 3,231,490 2,782,671 12,718,703 6,613,427 - 29,446,012 Non-cash Loans 5,213,196 1,431,728 29,600,053 7,378,630 6,202,111 1,255,848 242,136 51,323,702 (*) Assets that are necessary for banking activities and that cannot be liquidated in the short-term, such as fixed assets, associates and subsidiaries, stationery, pre-paid expenses and non-performing loans and non-performing loans net-off related provision for expected loss of stage 3 are shown in this column.