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(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I)
Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
Unconsolidated Statement of Income
As at 31 December 2013
(Currency: Thousands of TurkIsh LIra (“TL”))
Notes
Audited
Current Year
31 December 2013
Audited
Prior Year
31 December 2012
I.
INTEREST INCOME
9,220,570
8,756,502
1.1 Interest income from loans
V-IV-1
7,563,941
6,966,135
1.2 Interest income from reserve deposits
-
-
1.3 Interest income from banks
V-IV-1
7,004
4,462
1.4 Interest income from money market transactions
625
2,928
1.5 Interest income from securities portfolio
V-IV-1
1,590,648
1,765,558
1.5.1 Trading financial assets
-
-
1.5.2 Financial assets at fair value through profit or loss
-
-
1.5.3 Available-for-sale financial assets
1,187,769
1,105,834
1.5.4 Held-to-maturity investments
402,879
659,724
1.6 Finance lease income
-
-
1.7 Other interest income
58,352
17,419
II.
INTEREST EXPENSE
4,430,953
4,671,908
2.1 Interest expense on deposits
V-IV-2
3,522,651
3,924,493
2.2 Interest expense on funds borrowed
V-IV-2
134,533
136,402
2.3 Interest expense on money market transactions
375,321
346,524
2.4 Interest expense on securities issued
V-IV-2
260,003
177,879
2.5 Other interest expenses
138,445
86,610
III.
NET INTEREST INCOME (I -II)
4,789,617
4,084,594
IV.
NET FEES AND COMMISSIONS INCOME
686,511
447,700
4.1 Fees and commissions received
1,005,406
709,741
4.1.1 Non-cash loans
134,964
104,763
4.1.2 Others
870,442
604,978
4.2 Fees and commissions paid
318,895
262,041
4.2.1 Non-cash loans
143
187
4.2.2 Others
318,752
261,854
V.
DIVIDEND INCOME
V-IV-3
54,001
57,078
VI.
TRADING INCOME/LOSSES (Net)
V-IV-4
231,657
336,542
6.1 Trading account income/losses
V-IV-4
172,623
249,189
6.2 Income/losses from derivative financial instruments
V-IV-4
86,442
(24,121)
6.3 Foreign exchange gains/losses
V-IV-4
(27,408)
111,474
VII.
OTHER OPERATING INCOME
V-IV-5
708,320
624,680
VIII. TOTAL OPERATING PROFIT (III+IV+V+VI+VII)
6,470,106
5,550,594
IX.
PROVISION FOR LOSSES ON LOANS AND OTHER RECEIVABLES (-)
V-IV-6
1,857,239
1,404,058
X.
OTHER OPERATING EXPENSES (-)
V-IV-7
2,629,953
2,261,175
XI.
NET OPERATING PROFIT/LOSS (VIII-IX-X)
1,982,914
1,885,361
XII.
INCOME RESULTED FROM MERGERS
-
-
XIII. INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING
-
-
XIV. GAIN/LOSS ON NET MONETARY POSITION
-
-
XV.
INCOME/LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (XI+XII+XIII+XIV)
1,982,914
1,885,361
XVI. CONTINUING OPERATIONS PROVISION FOR TAXES
V-IV-11
(397,375)
(425,281)
16.1 Current tax charges
(341,481)
(449,196)
16.2 Deferred tax credits
(55,894)
23,915
XVII. NET INCOME/LOSS AFTER TAXES FROM CONTINUING OPERATIONS (XV±XVI)
V-IV-12
1,585,539
1,460,080
XVIII. INCOME FROM DISCONTINUED OPERATIONS
-
-
18.1 Income from investment properties
-
-
18.2 Income from sales of subsidiaries, affiliates and joint-ventures
-
-
18.3 Other income from discontinued activities
-
-
XIX. EXPENSES FROM DISCONTINUED OPERATIONS (-)
-
-
19.1 Investment property expenses
-
-
19.2 Losses from sales of subsidiaries, affiliates and joint ventures
-
-
19.3 Other expenses from discontinued activities
-
-
XX.
INCOME/LOSS FROM DISCONTINUED OPERATIONS BEFORE TAXES (XVIII-XIX)
-
-
XXI. DISCONTINUED OPERATIONS PROVISION FOR TAXES (±)
-
-
21.1 Current tax charge
-
-
21.2 Deferred tax charge
-
-
XXII. NET INCOME/LOSS AFRET TAXES FROM DISCONTINUED OPERATIONS (XX±XXI)
-
-
XXIII. NET PROFIT/LOSS (XVII+XXII)
V-IV-12
1,585,539
1,460,080
Earnings per 100 shares (full TL)
III-XXII
0.6342
0.5840
The accompanying notes are an integral part of these unconsolidated financial statements.
VAKIFBANK ANNUAL REPORT 2013
113