VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 499 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. Information on trading income/losses Current Period - December 31, 2018 Income 31,381,691 Income from capital market operations 5,110,076 Income from derivative financial instruments 11,208,820 Foreign exchange gains 15,062,795 Losses (30,558,861) Loss from capital market operations (4,951,953) Loss from derivative financial instruments (10,937,763) Foreign exchange loss (14,669,145) Net trading profit/loss 822,830 Prior Period - December 31, 2017 Income 14,405,506 Income from capital market operations 5,126,139 Income from derivative financial instruments 3,763,265 Foreign exchange gains 5,516,102 Losses (14,211,059) Loss from capital market operations (5,077,693) Loss from derivative financial instruments (3,778,946) Foreign exchange loss (5,354,420) Net trading profit/loss 194,447 Net loss arising from changes in foreign exchange rate that relate to the Group’s derivative financial instruments based on foreign exchange rate is TL 94,499 as at and for the year ended December 31, 2018 (December 31, 2017: net loss of TL 110,499).