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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 Cash Flows
For the Year Ended 31 December 2013
(Currency: Thousands of TurkIsh LIra (“TL”))
Notes
Audited
Current Year
31 December 2013
Audited
Prior Year
31 December 2012
A.
CASH FLOWS FROM BANKING OPERATIONS
1.1 Operating profit before changes in operating assets and liabilities
2,519,169
3,122,905
1.1.1 Interests received
8,177,914
8,762,501
1.1.2 Interests paid
(4,264,755)
(4,664,904)
1.1.3 Dividends received
29,737
22,793
1.1.4 Fee and commissions received
1,005,406
709,741
1.1.5 Other income
164,946
156,143
1.1.6 Collections from previously written-off loans and other receivables
V-I-5
546,553
426,555
1.1.7 Payments to personnel and service suppliers
(2,566,277)
(2,168,815)
1.1.8 Taxes paid
(363,768)
(358,258)
1.1.9 Others
V-VI-1
(210,587)
237,149
1.2 Changes in operating assets and liabilities
(2,991,443)
(7,809,875)
1.2.1 Net (increase) decrease in financial assets held for trading purpose
2,377
-
1.2.2 Net (increase) decrease in financial assets valued at fair value through profit or loss
-
-
1.2.3 Net (increase) decrease in due from banks and other financial institutions
(6,639,045)
(4,759,563)
1.2.4 Net (increase) decrease in loans
(19,867,391)
(11,848,243)
1.2.5 Net (increase) decrease in other assets
(959,553)
(68,859)
1.2.6 Net increase (decrease) in bank deposits
4,104
686,707
1.2.7 Net increase (decrease) in other deposits
14,194,666
5,652,617
1.2.8 Net increase (decrease) in funds borrowed
3,384,029
(768,102)
1.2.9 Net increase (decrease) in matured payables
-
-
1.2.10 Net increase (decrease) in other liabilities
V-VI-1
6,889,370
3,295,568
I.
Net cash flow from banking operations
(472,274)
(4,686,970)
B.
CASH FLOWS FROM INVESTING ACTIVITIES
II.
Net cash flow from investing activities
(3,149,350)
1,255,059
2.1 Cash paid for purchase of associates, subsidiaries and joint-ventures
V-VI-2
(90,972)
(1,211)
2.2 Proceeds from disposal of associates, subsidiaries and joint-ventures
-
-
2.3 Purchases of tangible assets
(176,278)
(89,365)
2.4 Proceeds from disposal of tangible assets
257,519
171,788
2.5 Cash paid for purchase of available-for-sale financial assets
(5,224,880)
(1,202,309)
2.6 Proceeds from disposal of available-for-sale financial assets
3,145,750
2,340,733
2.7 Cash paid for purchase of held-to-maturity investments
(2,530,205)
(210,825)
2.8 Proceeds from disposal of held-to-maturity investments
V-I-6
1,507,738
275,294
2.9 Others
V-VI-1
(38,022)
(29,046)
C.
CASH FLOWS FROM FINANCING ACTIVITIES
III.
Net cash flow from financing activities
4,307,941
3,499,543
3.1 Cash obtained from funds borrowed and securities issued
8,726,401
6,157,509
3.2 Cash used for repayment of funds borrowed and securities issued
(4,318,460)
(2,620,966)
3.3 Equity instruments issued
-
-
3.4 Dividends paid
V-V-5
(100,000)
(37,000)
3.5 Repayments for finance leases
-
-
3.6 Others
-
-
IV.
Effect of change in foreign exchange rates on cash and cash equivalents
V-VI-1
(8,205)
(1,666)
V.
Net increase in cash and cash equivalents
678,112
65,966
VI.
Cash and cash equivalents at the beginning of the year
V-VI-4
4,999,872
4,933,906
VII.
Cash and cash equivalents at the end of the year
V-VI-4
5,677,984
4,999,872
The accompanying notes are an integral part of these unconsolidated financial statements.
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