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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
Unconsolidated associates, reasons for not consolidating such investments and accounting treatments applied for such investments:
İstanbul Takas ve Saklama Bankası AŞ and Kredi Garanti Fonu AŞ have not been consolidated since their total assets and net operating profit/(loss)
individually or as a whole, do not comprise a material portion within the consolidated totals. Since Bankalararası Kart Merkezi AŞ, Kredi Kayıt Bürosu
AŞ, Roketsan Roket Sanayi ve Ticaret AŞ, Güçbirliği Holding AŞ and İzmir Enternasyonel AŞ are not financial associates; these associates have not been
consolidated. These associates have been accounted for as per TAS-39 in the consolidated financial statements.
Consolidated investments in associates
Company
Address
(City/ Country)
Bank’s Share – If Different,
Voting Rights (%)
Bank Risk Group’s
Share (%)
1 Kıbrıs Vakıflar Bankası Ltd.
(*)
Lefkosa/NCTR
15.00
15.00
2 Türkiye Sınai Kalkınma Bankası AŞ
(**)
İstanbul/Turkey
8.38
8.38
Total Assets
Equity
Tangible Assets
Interest
Income
Income on
Securities Portfolio
Current Year’s
Profit/Loss
Prior Years’
Profit/Loss
Fair Value
1
799,141
66,183
10,051
46,345
3,615
2,263
3,587
-
2
13,439,216
2,017,534
264,137
428,339
233,542
295,154
325,151
1,990,998
(*)
Financial information as at and for the nine-month period ended 30 September 2013 has been presented for these associates.
(**)
Figures are obtained from audited financial statements as at and for the year ended 31 December 2013 disclosed in Public Disclosure Platform.
Movement of consolidated investments in associates
Current Year
Previous Year
Balance at the beginning of the year
217,563
128,267
Movements during the year
(14,322)
89,296
Transfers
-
-
Acquisitions
-
-
Bonus shares received
16,755
25,132
Share of current year profit
-
-
Sales/liquidations
-
-
Fair value changes
(31,077)
64,164
Impairment losses
-
-
Balance at the end of the year
203,241
217,563
Capital commitments
-
-
Share percentage at the end of year (%)
-
-
270