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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)
9. Information on tax provision from discontinued and continuing operations
The Bank has no discontinued operations. Information on provision for taxes on income from continuing operations is presented in disclosure 11 in this
section.
10. Information on net profit/loss from discontinued and continuing operations
The Bank has no discontinued operations. Information on net profit/loss from continuing operations is presented in disclosures 1-13 in this section.
11. Provision for taxes on income
Current year taxation benefit or charge and deferred tax benefit or charge
In the current year, the Bank recorded current tax provision of TL 341,481 (31 December 2012: TL 449,196) from the net taxable profit calculated in
accordance the loss and regulations in effects.
Deferred tax charge arising from temporary differences, tax losses and unused tax credits
Sources of deferred tax benefit/charge
Current Year
Prior Year
Arising from Origination/(Reversal) of Deductible Temporary Differences
(37,040)
5,327
Arising from (Origination)/Reversal of Taxable Temporary Differences
(18,854)
18,588
Arising from Origination/(Reversal) of Tax Losses
-
-
Arising from Change in Tax Rate
-
-
Total
(55,894)
23,915
12. Information on net profit and loss
Any further explanation on operating results needed for a proper understanding of the Bank’s performance
The Bank has earned TL 9,220,570 interest income, TL 686,511 net fees and commissions income and incurred TL 4,430,953 interest expenses, from
ordinary banking transactions (31 December 2012: TL 8,756,502 interest income, TL 447,700 net fees and commissions income TL 4,671,908 interest
expenses).
Any changes in estimations that might have a material effect on current and subsequent year results
None.
13. Information related to the components of other items in the income statement exceeding 10% of the group total, or 20% of the sub-
accounts belonging to this group
Banks’ other commissions income mainly consists of credit card fee and commissions, transfer commissions and intelligence commissions.
Banks’ other commissions expense mainly consists of credit card fee and commissions and commissions given for foreign banks credits.
VAKIFBANK ANNUAL REPORT 2013
189