VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 481 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.) 4.Components of “other external resources payable” in the consolidated financials that comprise at least 20% of the account, if the account exceeds 10% of total liabilities and equity excluding off-balance sheet commitments. Other external resources payable in the consolidated financials do not exceed 10% of total liabilities and equity. 5. Criteria used in the determination of lease instalments in the finance lease contracts, renewal and purchase options, restrictions, and significant burdens imposed on the bank on such contracts Obligations under finance leases None. 6. Information on derivative financial liabilities held for risk management purpose Negative differences related to the derivative financial liabilities held for risk management purpose None. 7. Information on provisions Information on general provisions Prior Period - December 31, 2017 Provisions for loans and receivables in Group I 1,527,551 -Additional provision for loans with extended payment plans 67,249 Provisions for loans and receivables in Group II 181,119 -Additional provision for loans with extended payment plans 32,611 Provisions for non-cash loans 137,421 Other 39,402 Total 1,885,493 Information on employee rights According to the TAS-19- Judgments of benefits that are provided to employees, bank accounts and calculate provision to obligations of severance pay and allowance rights. As of December 31, 2018, TL 458,222 (December 31, 2017: TL 413,371) provision for severance pay and TL 151,143 (December 31, 2017: TL 107,986) provision for unused vacation are stated in financial statements under employee rights provision.