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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)
Vakıf Yatırım Menkul Değerler AŞ, a subsidiary of the Bank, calculates capital adequacy in accordance with “Comminique on Capital and Capital Adequacy
of Intermediary Firms” of CMB every six months. Güneş Sigorta AŞ ve Vakıf Emeklilik AŞ that operate in insurance business calculate capital adequacy
in accordance with “Comminique on Capital Adequacy Measurement and Assessment for Insurance, Reinsurance and Pension Firms” published by
Undersecretariat of Treasury every six month. According to the calculations at 31 December 2013, there is no capital requirement for the subsidiaries
mentioned.
Investments in subsidiaries
Company
Address (City / Country)
Bank’s Share –Voting
Rights, If Different (%)
Bank’s Risk
Group Share (%)
1 Güneş Sigorta AŞ
(**)
Istanbul/Turkey
36.35
36.35
2 Vakıf Emeklilik AŞ
(*)
Istanbul/Turkey
53.90
75.30
3 Vakıf Finans Factoring Hizmetleri AŞ
(*)
Istanbul/Turkey
78.39
86.97
4 Vakıf Finansal Kiralama AŞ
(**)
Istanbul/Turkey
58.71
64.40
5 Vakıf Yatırım Menkul Değerler AŞ
(*)
Istanbul/Turkey
99.00
99.44
6 Vakıfbank International AG
(*)
Wien/Austaria
90.00
90.00
7 Vakıf Portföy Yönetimi AŞ
(*)
Istanbul/Turkey
99.99
99.99
8 Vakıf B Tipi Menkul Kıymetler Yatırım Ortaklığı AŞ
(**)
Istanbul/Turkey
11.75
21.77
9 Vakıf Gayrimenkul Yatırım Ortaklığı AŞ
(**)
Istanbul/Turkey
27.63
29.47
10 Vakıf Enerji ve Madencilik AŞ
(***)
Ankara/Turkey
65.50
84.92
11 Taksim Otelcilik AŞ
(*)
Istanbul/Turkey
51.00
51.52
12 Vakıf Pazarlama Sanayi ve Ticaret AŞ
(*)
Istanbul/Turkey
69.33
74.98
13 Vakıf Gayrimenkul Değerleme AŞ
(*)
Ankara/Turkey
54.29
58.54
Total
Assets
Shareholder’s
Equity
Tangible
Assets
Interest
Income
Income on
Securities Portfolio
Current Year’s
Profit/(Loss)
Prior Years’
Profit/(Loss) Fair Value
1
1,092,911
288,510
383,818
9,579
824
(65,402)
(13,369)
288,015
2
2,240,382
156,439
61,625
22,098
162
21,424
22,216 439,809
3
221,414
90,905
2,529
13,010
-
2,406
8,445 111,245
4
1,064,197
111,245
5,914
48,217
12
3,835
4,154
62,402
5
292,979
70,763
269
10,821
215
5,567
1,956
62,131
6
2,435,035
323,371
1,809
44,667
7,207
4,784
13,866 300,641
7
9,651
9,282
172
465
10
1,433
1,538
29,006
8
13,758
13,258
50
182
(260)
(1,164)
446
12,503
9
198,186
196,312
141,747
1,144
2,091
3,277
3,688 1,215,464
10
15,690
7,329
1,066
179
-
(548)
(130)
12,500
11
243,871
240,645
112,384
5,909
1
4,836
8,439 243,431
12
45,699
36,611
11,132
305
94
1,475
6,942
41,626
13
29,079
23,127
725
1,097
48
5,790
197
33,567
(*)
Financial information as at and for the nine-month period ended 30 September 2013 has been presented for these subsidiaries.
(**)
Figures are obtained from reviewed financial statements as at and for the nine-month period ended 30 September 2013 disclosed in Public Disclosure Platform.
(***)
Financial information as at and for the six-month period ended 30 June 2013 has been presented for these subsidiaries.
Movement of investments in subsidiaries
Current Year
Prior Year
Balance at the beginning of the year
912,209
644,998
Movements during the year
453,261
267,211
Transfers
155,712
-
Acquisitions
82,227
-
Bonus shares received
60,443
7,771
Dividends from current year profit
(16,155)
(15,203)
Sales and liquidations
-
-
Fair value changes
217,617
274,643
Impairment losses
(46,583)
-
Balance at the end of year
1,365,470
912,209
Capital commitments
-
-
Share percentage at the end of the year (%)
-
-
170