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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
8. Investments in subsidiaries
Information on significant subsidiaries
Vakıfbank
International
AG
Vakıf
Finansal
Kiralama AŞ
Vakıf Yatırım
Menkul
Değerler AŞ
Vakıf Finans
Factoring
Hizm. AŞ
Güneş
Sigorta AŞ
Vakıf
Emeklilik AŞ
Vakıf Portföy
Yönetimi AŞ
Vakıf
Gayrimenkul
Yat. Ort. AŞ
Vakıf B Tipi
Menkul
Kıyetler Yat.
Ort. AŞ
Paid in Capital
114,483
65,000
35,000
22,400
150,000
26,500
3,000
106,200
15,000
Share Premium
-
-
-
-
-
-
-
9,759
-
Adjustment to paid-in capital
-
353
-
28,831
17,794
42,932
16
21,599
93
Valuation changes in marketable
securities
(3,051)
2,931
27,707
-
34,245
443
-
-
8
Profit on sale of associates,
subsidiaries and buildings
-
-
-
-
-
-
-
-
-
Free shares from investment and
associates, subsidiaries and joint
ventures (business partners)
-
-
-
-
-
-
-
-
-
Legal Reserves
5,958
3,814
4,814
4,987
9,764
13,013
770
3,440
-
Extraordinary Reserves
-
35,609
3,788
32,280
12,146
32,827
4,064
52,037
-
Other Profit Reserves
143,150
-
2,345
52
97,838
417
14
(3)
395
Profit/Loss
97,495
1,313
12,910
(7,247)
(81,792)
50,256
2,044
4,359
(2,509)
Prior Years’ Profit/Loss
83,548
-
835
-
(30,467)
18,859
-
-
(1,064)
Current Years’ Profit/Loss
13,947
1,313
5,979
(7,247)
(51,325)
31,397
2,044
4,359
(1,445)
Minority Rights
-
94
-
-
-
-
-
-
-
Total Core Capital
358,035
109,114
80,468
81,303
239,995
166,388
9,908
197,391
12,987
SUPPLEMENTARY CAPITAL
-
-
-
-
-
-
-
-
-
CAPITAL
358,035
109,114
80,468
81,303
239,995
166,388
9,908
197,391
12,987
NET AVAILABLE EQUITY
358,035
109,114
80,468
81,303
239,995
166,388
9,908
197,391
12,987
Vakıf Yatırım Menkul Değerler AŞ, a subsidiary of the Bank, calculates capital adequacy in accordance with “Comminique on Capital and Capital Adequacy of Intermediary Firms”
of CMB every six months. Güneş Sigorta AŞ ve Vakıf Emeklilik AŞ that operate in insurance business calculate capital adequacy in accordance with “Comminique on Capital
Adequacy Measurement and Assessment for Insurance, Reinsurance and Pension Firms” published by Undersecretariat of Treasury every six month. According to the calculations
at 31 December 2013, there is no capital requirement for the subsidiaries mentioned.
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