VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 505 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.) V. INFORMATION AND DISCLOSURES RELATED TO STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 1. Information on increases that occur after revaluation of available-for-sale investments Movement tables related to revaluation differences of available-for-sale investments where valuation differences arising from the fair value measurement of available-for-sale assets, subsidiaries and affiliates are recorded are as follows: Valuation Differences of Marketable Securities Current Period - December 31, 2018 Valuation differences at the beginning of the year (124,835) Fair value changes in the current year (8,909) Valuation differences transferred to the statement of income 24,663 Effect of deferred and corporate taxes (8,688) Valuation differences at the end of the year (117,769) Valuation Differences of Marketable Securities Prior Period - December 31, 2017 Valuation differences at the beginning of the year (195,457) Fair value changes in the current year 120,429 Valuation differences transferred to the statement of income (34,098) Effect of deferred and corporate taxes (15,709) Valuation differences at the end of the year (124,835) Valuation Difference of the Subsidiaries and Affiliates Current Period - December 31, 2018 Valuation differences at the beginning of the year 61,709 Fair value changes in the current year 375,830 Valuation differences transferred to the statement of income - Effect of deferred and corporate taxes (21,686) Valuation differences at the end of the year 415,853 Valuation Difference of the Subsidiaries and Affiliates Prior Period - December 31, 2017 Valuation differences at the beginning of the year 64,288 Fair value changes in the current year (2,813) Valuation differences transferred to the statement of income - Effect of deferred and corporate taxes 234 Valuation differences at the end of the year 61,709