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Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
and Its Financial Subsidiaries Consolidated Financial Report as at and
For the Year Ended 31 December 2013
(Currency: Thousands of Turkish Lira (“TL”))
Convenience Translation of the Consolidated Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I
Consolidated
Current Period
Prior Period
CORE CAPITAL
Paid-in Capital
2,500,000
2,500,000
Nominal Capital
2,500,000
2,500,000
Capital Commitments (-)
-
-
Capital Reserves from Inflation Adjustments to Paid-in Capital
-
-
Share Premium
726,686
726,720
Share Cancellation Profits
-
-
Reserves
7,338,446
5,913,527
Reserves from Inflation Adjustments to Reserves
-
-
Profit
1,688,833
1,518,089
Current Period’s Profit
1,652,474
1,423,451
Prior Years’ Profit
36,359
94,638
Provision for Possible Losses up to 25% of Core Capital
70,915
92,887
Income on Sale of Equity Shares and Real Estates
51,329
50,452
Primary Subordinated Debt up to 15% of Core Capital
-
-
Minority shares
307,448
320,280
Loss excess of Reserves (-)
-
-
Current Year’s Loss
-
-
Prior Years’ Loss
-
-
Leasehold Improvements (-)
84,982
68,567
Intangible Assets (-)
128,069
100,036
Deferred Tax Asset excess of 10% of Core Capital (-)
-
-
Limit excesses as per the 3rd Paragraph of the Article 56 of the Banking Law (-)
-
-
Goodwill (Net)
-
-
Total Core Capital
12,470,606
10,953,352
SUPPLEMENTARY CAPITAL
-
-
General Provisions
-
45% of Revaluation Surplus on movables
1,190,739
956,059
45% of Revaluation Surplus on Immovables
-
-
Bonus shares of Associates, Subsidiaries and Joint-Ventures
-
-
Primary Subordinated Debt excluding the Portion included in Core Capital
6,282
1,779
Secondary Subordinated Debt
-
-
45% of value increase fund of financial assets available for sale and associates and subsidiaries
1,945,816
1,619,541
Adjustment to paid-in capital, profit reserves and previous years losses
(except adjustment to legal reserves)
(149,719)
324,365
Minority share
-
-
Total Supplementary Capital
1,653
34,849
CAPITAL
2,994,771
2,936,593
DEDUCTIONS FROM CAPITAL
265,583
294,438
Unconsolidated investments in Entities (domestic/foreign) operating in Banking and
Financial Sectors exceeding 10% of ownership
-
-
Investments in Entities (domestic/foreign) operating in Banking and Financial Sectors
at less than 10% exceeding 10% or more of the Total Core and Supplementary Capitals
-
-
Loans to Banks, Financial Institutions (domestic/foreign) or Qualified Shareholders
in the form of Secondary Subordinated Debts and Debt Instruments purchased from
Such Parties qualified as Primary or Secondary Subordinated Debts
179,121
170,692
Loan granted to Customer against the Articles 50 and 51 of the Banking Law
-
-
Net Book Values of Immovables exceeding 50% of the Capital and of Assets Acquired
against Overdue Receivables and Held for Sale as per the Article 57 Of the Banking Law
but Retained more than Five Years
85,083
123,528
Securitisation positions that is deducted -preferably- from the shareholders’ equity
-
-
Others
1,379
218
TOTAL EQUITY
15,199,794
13,595,507
VAKIFBANK ANNUAL REPORT 2013
231