VKF_FRAE_2018_uyg11

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.) 468 Part III: Financial Highlights and Assessment of Risk Management In the current period, at the Ordinary General Assembly Meeting held on May 15, 2018, Vakıf Finansal Kiralama AŞ, an affiliate of The Parent Bank, has resolved to increase its capital from TL 109,000 by a bonus increase of TL 31,000 to TL 140,000. TL 18,201 corresponding to The Parent Bank’s shareholding are presented in the Bonus Shares in the movement table for the affiliates. In the current period, at the Ordinary General Assembly Meeting held on May 14, 2018, Vakıf Gayrimenkul Yatırım Ortaklığı AŞ, an affiliate of The Parent Bank, has resolved to increase its capital from TL 217,500 by a bonus increase of TL 7,500 to TL 225,000. TL 2,903 corresponding to The Parent Bank’s shareholding are presented in the Bonus Shares in the movement table for the affiliates. In the prior period, denomination of Vakıf Emeklilik AŞ has changed to “Vakıf Emeklilik ve Hayat AŞ” on July 26, 2017, respective alteration is registered officially in trade registry. In the prior period, at the Ordinary General Assembly Meeting held on July 13, 2017, Vakıf Faktoring AŞ, an affiliate of The Parent Bank, has resolved to increase its capital from TL 22,400 by a bonus increase of TL 47,600 to TL 70,000. TL 37,315 corresponding to The Parent Bank’s shareholding are presented in the Bonus Shares in the movement table for the affiliates. In the prior period, it is decided to sell Güneş Sigorta AŞ’s 500,000 shares, that are traded in the stock market. After the selling, The Parent Bank’s share had decreased to TL 129,643 from TL 130,143. The sold shares, amounting TL 232, are presented in the Sales, in the movement table for the affiliates. After the selling, The Parent Bank’s share in Güneş Sigorta AŞ had decreased to 48.02% from 48.20%. In the prior period, subsequent to the approval of the decision to increase the paid-in capital of Vakıf Gayimenkul Yatırım Ortaklığı AŞ from TL 213,000 to TL 217,500 by a bonus increase of TL 4,500 in the Ordinary General Meeting of the Company dated June 16, 2017. The share of The Parent Bank amounting to TL 1,742 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 Vakıf Finansal Kiralama AŞ from TL 87,000 to TL 109,000 by a bonus increase of TL 22,000 in the Ordinary General Meeting of the Company dated June 14, 2017. The share of The Parent Bank amounting to TL 12,917 is presented in the movement table of investments in associates as bonus shares received. 9. Investments in joint-ventures There is not any investment in joint-ventures of the Group within current and prior period. 10. Information on finance lease receivables (net) Finance lease receivables disclosed according to remaining maturities Current Period - December 31, 2018 Gross Net Less than 1 year 565,650 535,088 Between 1-4 years 1,883,455 1,644,025 Longer than 4 years 755,179 602,489 Total 3,204,284 2,781,602 Prior Period - December 31, 2017 Gross Net Less than 1 year 329,412 315,471 Between 1-4 years 1,268,523 1,092,496 Longer than 4 years 579,828 472,233 Total 2,177,763 1,880,200