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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
Information on currency risk
Current Year
Euro
US Dollar
Other FCs
Total
Assets:
Cash and balances with the CBT
5,792,195
7,616,111
3,764,000
17,172,306
Banks
286,441
2,434,270
57,717
2,778,428
Financial assets at fair value through profit or loss
(1)
6,266
31,441
-
37,707
Interbank money market placements
-
-
-
-
Available-for-sale financial assets
1,305,686
2,795,438
-
4,101,124
Loans and receivables
(2)
9,056,295
16,907,255
58,146
26,021,696
Associates, subsidiaries and joint-ventures (business
combinations)
3
-
-
3
Held-to-maturity investments
9,356
45,073
-
54,429
Derivative financial assets held for risk management purpose
-
-
-
-
Tangible assets
1,925
1,802
-
3,727
Intangible assets
68
128
-
196
Other assets
(3)(4)
561,769
1,142,863
4,724
1,709,356
Total assets
17,020,004
30,974,381
3,884,587
51,878,972
Liabilities:
Bank deposits
541,821
2,168,866
2,370
2,713,057
Foreign currency deposits
10,812,446
9,438,650
1,128,265
21,379,361
Interbank money market takings
683,303
5,882,383
-
6,565,686
Funds borrowed
5,280,133
6,581,078
14,142
11,875,353
Securities issued
29,720
4,461,152
28,065
4,518,937
Miscellaneous payables
196,425
99,130
16,305
311,860
Derivative financial liabilities held for riskmanagement purpose
-
-
-
-
Other liabilities
(1)(5)
81,720
2,993,666
4,285
3,079,671
Total liabilities
17,625,568
31,624,925
1,193,432
50,443,925
Net ‘on balance sheet’ position
(605,564)
(650,544)
2,691,155
1,435,047
Net ‘off-balance sheet’ position
749,672
778,864
(2,701,033)
(1,172,497)
Derivative assets
(6)
2,031,264
8,258,319
1,437,036
11,726,619
Derivative liabilities
(6)
1,281,592
7,479,455
4,138,069
12,899,116
Non-cash loans
(7)
1,539,590
7,179,775
347,230
9,066,595
Previous Year
Euro
US Dollar
Other FCs
Total
Total assets
12,393,687
21,833,713
2,572,431
36,799,831
Total liabilities
11,958,995
23,794,086
898,483
36,651,564
Net ‘on balance sheet’ position
434,692
(1,960,373)
1,673,948
148,267
Net ‘off-balance sheet’ position
(333,160)
2,344,524
(1,676,440)
334,924
Derivative assets
(6)
744,260
5,427,272
161,987
6,333,519
Derivative liabilities
(6)
1,077,420
3,082,748
1,838,427
5,998,595
Non-cash loans
(7)
1,357,615
5,040,781
298,095
6,696,491
(1)
Foreign exchange rates based accruals of derivative financial assets and liabilities which respectively are not included.
(2)
Foreign currency indexed loans amounting to TL 2,548,480 (31 December 2012: TL 1,736,458) presented in TL in the financial statements are included in the above table.
(3)
Foreign currency indexed factoring receivables amounted to TL 9,074 (31 December 2012: TL 21,726) presented in TL column in the accompanying consolidated balance sheet are included.
(4)
Prepaid expenses amounting to TL 33,376 (31 December 2012: TL 25,151) are not included.
(5)
Unearned income amounting to TL 37,464 (31 December 2012: TL 22,900) and deferred tax asset amounting toTL 1,050 are not included.
(6)
Asset purchase commitments amounting to TL 1,716,683 (31 December 2012: TL 287,531) and asset sales commitments amounting to TL 5,881,305 (31 December 2012: TL 592,925) are
included.
(7)
Non-cash loans are not taken into consideration in the calculation of the net ‘off-balance sheet’ position.
VAKIFBANK ANNUAL REPORT 2013
245