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Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
Unconsolidated Financial Report as at and
For the Year Ended 31 December 2013
(Currency: Thousands of Turkısh Lıra (“TL”))
(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I)
Prior Year
Euro
US Dollar
Other FCs
Total
Total Assets
10,904,753
21,370,070
2,565,336
34,840,159
Total Liabilities
10,395,200
23,495,386
895,276
34,785,862
Net ‘On Balance Sheet’ Position
509,553
(2,125,316)
1,670,060
54,297
Net ‘Off-Balance Sheet’ Position
(420,937)
2,444,890
(1,676,440)
347,513
Derivative Financial Assets
(6)
641,648
5,427,272
161,987
6,230,907
Derivative Financial Liabilities
(6)
1,062,585
2,982,382
1,838,427
5,883,394
Non-Cash Loans
(5)
1,338,987
5,040,329
296,729
6,676,045
(1)
Derivative accruals stemming from foreign exchange rates presented under trading purpose derivative financial assets and liabilities are not included.
(2)
Foreign currency indexed loans amounting to TL 2,548,480 (31 December 2012: TL 1,736,458) which are presented as TL in the financial statements have been included.
(3)
Prepaid expenses amounting to TL 33,487 (31 December 2012: TL 24,885) have not been included.
(4)
Unearned revenues amounting to TL 30,782 (31 December 2012: TL 14,924) have not been included.
(5)
Non-cash loans have not been taken into consideration in the calculation of net ‘off-balance sheet’ position.
(6)
Asset purchase commitments amounting to TL 1,716,686 (31 December 2012: TL 287,531) and asset sales commitments amounting to TL 1,919,728 (31 December 2012: TL 592,925) are
included.
Exposure to currency risk
10 percent devaluation of TL against the following currencies as at 31 December 2013 and 2012 would have effect on equity and profit or loss (without
tax effects) by the amounts shown below.
This analysis has been prepared with the assumption that all other variables, in particular interest rates, remain constant.
31 December 2013
31 December 2012
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
2,146
2,146
(15,951)
30,655
Euro
(14,941)
(14,941)
(19,325)
(11,676)
Other currencies
(986)
(986)
(638)
(638)
Total, net
(13,781)
(13,781)
(35,914)
18,341
(*)
Equity effect also includes profit or loss effect of 10% depreciation of TL against related currencies.
10 percent revaluation of TL against the following currencies as at 31 December 2013 and 2012 would have effect on equity and profit or loss (without
tax effects) by the amounts shown below.
31 December 2013
31 December 2012
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
(510)
(510)
17,587
(29,019)
Euro
14,941
14,941
19,325
11,676
Other currencies
1,489
1,489
1,392
1,392
Total, net
15,920
15,920
38,304
(15,951)
(*)
Equity effect also includes profit or loss effect of 10% appreciation of TL against related currencies.
VAKIFBANK ANNUAL REPORT 2013
143