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)
Valuation methods of investments in subsidiaries
Current Year
Prior Year
Valued at Cost
-
-
Valued at Fair Value
1,365,470
912,209
Valued by Equity Method of Accounting
-
-
Total
1,365,470
912,209
Sectoral distribution of financial investments in subsidiaries
Current Year
Prior Year
Banks
270,577
205,380
Insurance Companies
341,750
311,390
Factoring Companies
87,205
76,750
Leasing Companies
36,636
57,773
Finance Companies
-
-
Other Financial Subsidiaries
427,815
105,219
Total
1,163,983
756,512
Quoted subsidiaries
Current Year
Prior Year
Quoted at Domestic Stock Exchanges
478,632
180,998
Quoted at International Stock Exchanges
-
-
Total
478,632
180,998
Investments in subsidiaries disposed during the current year
There is no disposal in subsidiaries in the current period.
Investments in subsidiaries purchased during the current year
There is no subsidiary acquired in the current period.
In the current period, subsequent to the approval of the decision to increase the paid capital of Taksim Otelcilik AŞ, a subsidiary of the Bank, from TL
97,150 to TL 269,257, by the Extraordinary General Assembly of the company on 27 August 2013, the share of the Bank is increased from TL 49,547 to
TL 137,324 (TL 57,176 from retained earnings and TL 30,601 from cash, in total TL 87,777) and the share portion of the Bank is remained the same. TL
7,650 is paid on 13 September 2013 and TL 22,950 is paid on 2 December 2013 from TL 30,601 which is Bank’s share of cash capital commitment. The
share of the Bank amounting to TL 57,176 is presented in the bonus shares received and TL 30,601 is presented in the acquisitions and capital increases
in the movement table of investments in subsidiaries.
In the current period, subsequent to the approval of the decision to increase the paid-in capital of Vakıf Finansal Kiralama AŞ, a subsidiary of the Bank,
from TL 60,000 to TL 65,000, by the General Assembly of the company, the share of the Bank amounting to TL 2,936 is presented as bonus shares
received in the movement table of investments in subsidiaries.
In the current period, subsequent to the approval of the decision to increase the paid-in capital of Vakıf International AG, a subsidiary of the Bank, from
EUR 45,000 (in thousands) to EUR 70,000 (in thousands), by the General Assembly of the company, the share of the Bank amounting to TL 51,626 is
presented in acquisitions and capital increases in the movement table of investments in subsidiaries.
In the current period, subsequent to approval of the decision to increase the paid-in capital of Vakıf Gayrimenkul Yatırım Ortaklığı AŞ, a subsidiary of
the Bank, from TL 105,000 to TL 106,200, by the General Assembly of the company, the share of the Bank amounting to TL 331 is presented as bonus
shares received in movement table of investments in subsidiaries.
In year 2012, subsequent to the approval of the decision to increase the paid-in capital of Vakıf Finansal Kiralama AŞ, a subsidiary of the Bank, from TL
50,000 to TL 60,000, by the General Assembly of the company, the share of the Bank amounting to TL 5,871 is presented as bonus shares received in
the movement table of investments in subsidiaries.
VAKIFBANK ANNUAL REPORT 2013
171