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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 TurkIsh Lıra (“TL”))
(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I)
Quoted associates
Current Year
Prior Year
Quoted to domestic stock exchanges
197,122
367,151
Quoted to international stock exchanges
-
-
Total
197,122
367,151
Investments in associates sold during the current year
There is no disposal in associates during the current year.
Investments in associates acquired during the current year
There is not any associate acquired in the current period.
In the current period, the capital of İstanbul Takas ve Saklama Bankası, an associate of the Bank, has been increased from TL 60,000 to TL 420,000, TL
180,000 is paid from its own resources and TL 180,000 is paid in cash amounting to TL 360,000 in total. The share of the Bank amounting to TL 8,745 is
presented as bonus shares received and TL 8,745 is presented as acquisitions and capital increases in the movement table of investments in associates.
In the current period, subsequent to the approval of the decision to increase the paid-in capital of Türkiye Sınai Kalkınma Bankası AŞ, an associate of the
Bank, from TL 1,100,000 to TL 1,300,000, by the General Assembly of the Company, the share of the Bank amounting to TL 16,755 is presented in the
movement table of investments in associates as bonus shares received.
Per General Assembly of the Kredi Garanti Fonu an associate of the Bank held on 30 May 2012, the decision for merger of Türk Ekonomi Bankası AŞ
and Fortisbank AŞ has taken. Due to this merger, the shares of the Fortisbank have been transferred to Türk Ekonomi Bankası AŞ hence the principle of
equality in partnership between banks has been invalidated. In result, the shares are decided to be distributed equally between banks. The TL 211 which
is the amount corresponding to Bank share has been paid in the current year and presented in “purchases during the period” line in the movement
table of associates. Accordingly with the addition of TL 211 the share of the Bank has increased to TL 4,211 and shareholder ratio increased to 1.75%.
In year 2012, the Bank has paid its capital commitment amounting to TL 1,000 to Kredi Garanti Fonu AŞ, related to funding requirement of the associate.
The paid amount is presented as acquisitions in movement table of investments in associates.
In year 2012, subsequent to the approval of the decision to increase the paid-in capital of Türkiye Sınai Kalkınma Bankası AŞ, an associate of the
Bank, from TL 800,000 to TL 1,100,000, by the General Assembly of the Company, the share of the Bank amounting to TL 25,132 is presented in the
movement table of investments in associates as bonus shares received.
The capital of Vakıf Gayrimenkul Yatırım Ortaklığı AŞ, considered as an associate of the Bank in year 2012, has been increased by TL 5,000 from TL
100,000 to TL 105,000. The share of the Bank amounting to TL 1,382 is presented in the movement table of investments in associates as bonus shares
received.
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