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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 held-to-maturity investment securities
Current Year
Previous Year
Debt Securities
5,470,531
4,332,399
Quoted at stock exchanges
5,427,692
4,278,952
Unquoted at stock exchanges
42,839
53,447
Impairment losses (-)
57,360
71,339
Total
5,413,171
4,261,060
The movement table of the held-to-maturity investments
Current Period
Prior Period
Balances at the beginning of the period
4,261,060
5,979,238
Foreign currency differences on monetary assets
54,323
(114,339)
Purchases during the period
2,530,205
210,825
Transfers to available for sale portfolio
(*)
-
(1,474,294)
Disposals through sales/redemptions
(1,507,738)
(275,294)
Impairment losses
13,979
(29,209)
Change in amortized costs of the securities
(**)
61,342
(35,867)
Balances at the end of the period
5,413,171
4,261,060
(*)
In the scope of “Regulation Regarding Measurement and Assessment of Capital Adequacy Ratios of Banks” which is effective from 1 July 2012, the credit risk weight of foreign currency
denominated debt securities has changed and therefore these securities have been reclassified according to the related standard. The Parent Bank reclassified certain investment securities that
were previously classified in held-to-maturity portfolio with total face value of USD 706,011,000 (full U.S. dollar) ve EUR 60,002,000 (full EURO) to its available-for-sale investment securities
portfolio. The securities reclassified from held-to-maturity portfolio with amortized cost of TL 1,422,452 and fair value of TL 1,733,819 in total to available-for-sale investment securities portfolio as
at the reclassification date.
(**)
Differences in the amortized costs of the marketable securities are included in this column.
Information about held-to-maturity investments
Current Year
Cost
Carrying Value
TL
FC
TL
FC
Collateralized/blocked investment securities
287,360
42,800
281,131
42,839
Investments subject to repurchase agreements
4,716,595
-
4,831,384
-
Held for structural position
-
-
-
-
Receivable from security borrowing markets
-
-
-
-
Collateral for security borrowing markets
-
-
-
-
Others
(*)
247,800
10,908
246,227
11,590
Total
5,251,755
53,708
5,358,742
54,429
Previous Year
Cost
Carrying Value
TL
FC
TL
FC
Collateralized/blocked investment securities
730,596
53,400
733,880
53,447
Investments subject to repurchase agreements
2,148,261
-
2,184,752
-
Held for structural position
-
-
-
-
Receivable from security borrowing markets
-
-
-
-
Collateral for security borrowing markets
-
-
-
-
Others
(*)
1,287,654
8,762
1,279,669
9,312
Total
4,166,511
62,162
4,198,301
62,759
(*)
The securities held as free that are not subject to collateral/blockage or other transactions are presented in the “Others” line.
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