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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)
6. Information on held-to-maturity investments
Public sector debt securities classified as held-to-maturity investments
Current Year
Prior Year
TL
FC
TL
FC
Government Bonds
5,358,742
-
4,198,301
-
Treasury Bills
-
-
-
-
Other Government Securities
-
2,234
-
1,858
Total
5,358,742
2,234
4,198,301
1,858
Information on held-to-maturity investments
Current Year
Prior Year
Debt Securities
5,461,175
4,324,945
Quoted at Stock Exchange
5,418,336
4,271,498
Unquoted at Stock Exchange
42,839
53,447
Impairment Losses (-)
57,360
71,339
Total
5,403,815
4,253,606
The movement of held-to-maturity investments
Current Year
Prior Year
Balances at the Beginning of the Year
4,253,606
5,971,527
Foreign Currency Differences On Monetary Assets
52,537
(114,082)
Purchases During the Year
2,530,205
210,825
Transfers to available for sale portfolio
(*)
-
(1,474,294)
Disposals Through Sales/Redemptions
(1,507,738)
(275,294)
Impairment Losses
13,979
(29,209)
Change in Amortized Costs
(**)
61,226
(35,867)
Balances at the End of the Year
5,403,815
4,253,606
(*)
In the scope of “Regulation Regarding Measurement and Assessment of Capital Adequacy Ratios of Banks” which is effective from 1 July 2012, the credit risk weight of foreign currency
denominated debt securities has changed and therefore these securities have been reclassified according to the related standard. The Bank reclassified certain investment securities that were
previously classified in held-to-maturity portfolio with total face value of USD 706,011,000 (full U.S.dollar) ve Euro 60,002,000 (full Euro) to its available-for-sale investment securities portfolio.
The securities reclassified from held-to-maturity portfolio with amortized cost of TL 1,422,452 and fair value of TL 1,733,819 in total to available-for-sale investment securities portfolio as at the
reclassification date.
(**)
Differences in the amortized costs of the marketable securities are included in this column.
Information about held-to-maturity investments
Current Year
Cost
Carrying Value
TL
FC
TL
FC
Collateralized/Blocked Investments
287,360
42,800
281,131
42,839
Investments subject to Repurchase Agreements
4,716,595
-
4,831,384
-
Held for structural position
-
-
-
-
Receivable from Security Borrowing Market
-
-
-
-
Collateral For Security Borrowing Market
-
-
-
-
Others
(*)
247,800
2,140
246,227
2,234
Total
5,251,755
44,940
5,358,742
45,073
(*)
The securities held as free that are not subject to collateral/blockage or other transactions are presented in the “Others” line.
VAKIFBANK ANNUAL REPORT 2013
165