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Convenience Translation of the Consolidated Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I
Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
and Its Financial Subsidiaries Consolidated Statement of
Profit Distribution For the Year Ended 31 December 2013
(Currency: Thousands of Turkish Lira (“TL”))
Notes
Current Year
31 December 2013
Previous Year
31 December 2012
I.
DISTRIBUTION OF CURRENT YEAR PROFIT
(**)
1.1 CURRENT YEAR’S PROFIT
1,982,914
1,885,361
1.2 TAXES AND LEGAL DUTIES PAYABLE
(397,375)
(425,281)
1.2.1 Corporate tax (income tax)
V-IV-11
(341,481)
(449,196)
1.2.2 Withholding tax
-
-
1.2.3 Other taxes and duties
V-IV-11
(55,894)
23,915
A.
NET PROFIT FOR THE YEAR
1,585,539
1,460,080
1.3 DEFERRED TAX INCOME TRANSFERRED TO OTHER RESERVES
V-IV-11
-
(23,914)
B.
NET PROFIT FOR THE YEAR AFTER DEFERRED TAX INCOME
1,585,539
1,436,166
1.4 ACCUMULATED LOSSES
-
-
1.5 FIRST LEGAL RESERVES
V-V-5
-
(71,808)
1.6 OTHER STATUTORY RESERVES
V-V-5
-
(71,808)
C.
NET PROFIT AVAILABLE FOR DISTRIBUTION
(*)
-
1,292,550
1.7 FIRST DIVIDEND TO SHAREHOLDERS
-
100,000
1.7.1 To owners of ordinary shares
-
100,000
1.7.2 To owners of privileged shares
-
-
1.7.3 To owners of redeemed shares
-
-
1.7.4 To profit sharing bonds
-
-
1.7.5 To holders of profit and loss sharing certificates
-
-
1.8 DIVIDENDS TO PERSONNEL
-
-
1.9 DIVIDENDS TO BOARD OF DIRECTORS
-
-
1.10 SECOND DIVIDEND TO SHAREHOLDERS
-
-
1.10.1 To owners of ordinary shares
-
-
1.10.2 To owners of privileged shares
-
-
1.10.3 To owners of redeemed shares
-
-
1.10.4 To profit sharing bonds
-
-
1.10.5 To holders of profit and loss sharing certificates
-
-
1.11 SECOND LEGAL RESERVES
-
-
1.12 STATUS RESERVES
-
-
1.13 EXTRAORDINARY RESERVES
V-V-5
-
1,189,475
1.14 OTHER RESERVES
-
-
1.15 SPECIAL FUNDS
V-V-5
-
3,075
II.
DISTRIBUTION FROM RESERVES
2.1 DISTRIBUTION OF RESERVES
-
-
2.2 SECOND LEGAL RESERVES
-
-
2.3 DIVIDENTS TO SHAREHOLDERS
-
-
2.3.1 To owners of ordinary shares
-
-
2.3.2 To owners of privileged shares
-
-
2.3.3 To owners of redeemed shares
-
-
2.3.4 To profit sharing bonds
-
-
2.3.5 To holders of profit and loss sharing certificates
-
-
2.4 DIVIDENDS TO PERSONNEL
-
-
2.5 DIVIDENDS TO BOARD OF DIRECTORS
-
-
III.
EARNINGS PER SHARE
3.1 TO OWNERS OF ORDINARY SHARES (Earning per 100 shares)
0.6342
0.5840
3.2 TO OWNERS OF ORDINARY SHARES ( % )
63.42
58.40
3.3 TO OWNERS OF PRIVILEGED SHARES
-
-
3.4 TO OWNERS OF PRIVILEGED SHARES ( % )
-
-
IV.
DIVIDEND PER SHARE
4.1 TO OWNERS OF ORDINARY SHARES
-
0.04
4.2 TO OWNERS OF ORDINARY SHARES ( % )
-
4.00
4.3 TO OWNERS OF PRIVILEGED SHARES
-
-
4.4 TO OWNERS OF PRIVILEGED SHARES ( % )
-
-
(*)
As at report date, no resolution has been decided regarding about 2013 profit distribution. Accordingly, net profit available for distribution has not been presented.
(**)
Profit distribution table has been presented according to unconsolidated financial statements of the Parent Bank.
The accompanying notes are an integral part of these consolidated financial statements.
VAKIFBANK ANNUAL REPORT 2013
213