Basic HTML Version
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)
Level 1: Fair value measurements using quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2: Fair value measurements using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (as prices) or indirectly (derived from prices);
Level 3: Fair value measurements using inpus for the assets or liabilitity that are not based on observable market data (unobservable inputs).
Classification requires using observable market data if possible.
The classification of fair value measurements of financial assets and liabilities measured at fair value is as follows:
31 December 2013
Level 1
Level 2
Level 3
Total
Financial assets at fair value through profit/loss:
Financial assets held for trading purpose:
-
435,690
-
435,690
Derivative financial assets held for trading purpose
-
435,690
-
435,690
Available-for-sale financial assets
14,623,200
1,654,222
-
16,277,422
Debt securities
14,623,200
1,654,222
-
16,277,422
Investments in associates and subsidiaries
675,754
-
886,839
(*)
1,562,593
Total Financial Assets
15,298,954
2,089,912
886,839
18,275,705
Financial liabilities at fair value through profit/loss:
Derivative financial liabilities held for trading purpose
-
(200,778)
-
(200,778)
Total Financial Liabilities
-
(200,778)
-
(200,778)
31 December 2012
Level 1
Level 2
Level 3
Total
Financial assets at fair value through profit/loss:
Financial assets held for trading purpose:
-
86,186
-
86,186
Derivative financial assets held for trading purpose
-
86,186
-
86,186
Available-for-sale financial assets
14,116,670
103
-
14,116,773
Debt securities
14,116,670
103
-
14,116,773
Investments in associates and subsidiaries
548,148
-
731,211
(*)
1,279,359
Total Financial Assets
14,664,818
86,289
731,211
15,482,318
Financial liabilities at fair value through profit/loss:
Derivative financial liabilities held for trading purpose
-
(199,692)
-
(199,692)
Total Financial Liabilities
-
(199,692)
-
(199,692)
(*)
This amount consist of fair value of the affiliates and subsidiaries determined by independent valuation companies.
VAKIFBANK ANNUAL REPORT 2013
153