VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 459 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.) Consolidated investments in associates Title Address (City/ Country) Parent Bank’s Share – If Different, Voting Rights (%) Bank Risk Group’s Share (%) 1 Kıbrıs Vakıflar Bankası Ltd. (*) Lefkoşa/TRNC 15.00 15.00 2 Türkiye Sınai Kalkınma Bankası AŞ İstanbul/Turkey 8.38 8.38 Total Assets Equity Tangible Assets Interest Income Income on Securities Portfolio Current Year’s Profit/Loss Prior Period’s Profit/Loss Fair Value 1 1,418,466 103,988 7,616 80,886 3,522 19,074 5,231 - 2 38,269,440 4,184,076 981,231 2,347,619 764,692 670,756 611,177 2,222,532 (*) The financial statement information provided for these associates is taken from the financial statements dated September 30, 2018. In the current period, subsequent to the approval of the decision to increase the paid-in capital of Türkiye Sınai Kalkınma Bankası AŞ from TL 2,400,000 to TL 2,800,000 in the Ordinary General Meeting of the Company dated March 23, 2018. The share of the Bank amounting to TL 33,510 is presented in the movement table of investments in associates as bonus shares received. In the prior period, subsequent to the approval of the decision to increase the paid-in capital of Türkiye Sınai Kalkınma Bankası AŞ from TL 2,050,000 to TL 2,400,000 in the Ordinary General Meeting of the Company dated March 23, 2017. The share of the Bank amounting to TL 29,321 is presented in the movement table of investments in associates as bonus shares received. Movement of consolidated investments in associates Current Period - December 31, 2018 Balance at the beginning of the period 302,959 Movements during the period (106,092) Transfers - Acquisitions - Bonus shares received 33,510 Share of current year profit - Sales/liquidations - Fair value changes - Impairment losses (139,602) Balance at the end of the period 196,867 Capital commitments - Share percentage at the end of period (%) -