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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)
6. Provision expenses for losses on loans and other receivables
Current Year
Prior Year
Specific Provisions on Loans and Other Receivables
1,260,000
735,227
Loans and Receivables in Group III
256,705
177,105
Loans and Receivables in Group IV
963,028
535,664
Loans and Receivables in Group V
40,267
22,458
Non-performing Commissions and Other Receivables
-
-
General Provision Expenses
234,417
284,755
Provision for Possible Losses
8,871
43,006
Impairment Losses on Financial Assets
88,459
112,920
Financial Assets at Fair Value through Profit or Loss
-
-
Available-for-Sale Financial Assets
88,459
112,920
Other Impairment Losses:
53,581
64,111
Associates
-
-
Subsidiaries
-
-
Joint Ventures
-
-
Held-to-Maturity Investments
53,581
64,111
Others
(*)
211,911
164,039
Total
1,857,239
1,404,058
(*)
Other provision expenses amounting to TL 211,911 (31 December 2012: TL 164,039) is comprised of provision expenses for dividends to the personnel amounting to TL 118,800 (31 December
2012: TL 105,300), provision for non-cash loans that are not indemnified or converted into cash and provision for cheques amounting to TL 37,941 (31 December 2012: TL 52,391), free provision
expenses amounting to TL 30,750 and other provision expenses amounting to TL 24,420 (31 December 2012: TL 6,348).
7. Other operating expenses
Current Year
Prior Year
Personnel Costs
1,111,975
917,233
Reserve for Employee Termination Benefits
17,644
53,041
Deficit Provision for Pension Funds
-
-
Impairment Losses on Tangible Assets
-
-
Depreciation Expenses on Tangible Assets
102,658
104,015
Impairment Losses on Intangible Assets
-
-
Amortization Expenses on Intangible Assets
10,886
9,465
Impairment Losses on Assets to be Disposed
4,000
5,341
Depreciation Expenses on Assets to be Disposed
10,773
12,799
Impairment Losses on Assets Held for Sale
-
-
Other Operating Expenses
1,064,835
945,540
Operational lease related expenses
158,880
136,043
Repair and maintenance expenses
23,016
17,200
Advertisement expenses
88,009
68,629
Other expenses
794,930
723,668
Loss on sale of assets
1,057
389
Others
306,125
213,352
Total
2,629,953
2,261,175
(*)
Other operating expenses amounting to TL 306,125 (31 December 2012: TL 213,352) is comprised of tax, fees and funds expenses amounting
to TL 87,311 (31 December 2012: TL 75,532), “Saving Deposits Insurance Fund” expenses amounting to TL 91,780 (31 December 2012: TL 60,450),
“Competition Authority” penalty amounting to TL 61,630 and other operating expenses amounting to TL 65,404 (31 December 2012: TL 77,370).
8. Information on income/loss from discontinued and continuing operations
The Bank has no discontinued operations. Information and detailed tables on profit before tax from continuing operations are presented in disclosures
1-7 in this section.
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