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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
Quoted consolidated subsidiaries
Current Year
Previous Year
Quoted at domestic stock exchanges
478,631
336,708
Quoted at international stock exchanges
-
-
Total
478,631
336,708
Consolidated subsidiaries disposed during the year
None.
Consolidated investments in subsidiaries acquired during the period
There are not any acquired consolidated subsidiaries in the current year.
In the current period, subsequent to the approval of the decision to increase the paid-in capital of Vakıf Finansal Kiralama AŞ, a subsidiary of the Parent
Bank, from TL 60,000 to TL 65,000, by the General Assembly of the company, the share of the Bank amounting to TL 2,936 is presented as bonus shares
received in the movement table of investments in subsidiaries.
In the current period, subsequent to the approval of the decision to increase the paid-in capital of Vakıf International AG, a subsidiary of the Bank, from
EUR 45,000 (in thousands) to EUR 70,000 (in thousands), by the General Assembly of the company, the share of the Bank amounting to TL 51,626 is
presented in acquisitions and capital increases in the movement table of investments in subsidiaries.
In the current period, subsequent to approval of the decision to increase the paid-in capital of Vakıf Gayrimenkul Yatırım Ortaklığı AŞ, a subsidiary of
the Bank, from TL 105,000 to TL 106,200, by the General Assembly of the company, the share of the Bank amounting to TL 331 is presented as bonus
shares received in movement table of investments in subsidiaries.
In year 2012, subsequent to the approval of the decision to increase the paid-in capital of Vakıf Finansal Kiralama AŞ, a subsidiary of the Bank, from TL
50,000 to TL 60,000, by the General Assembly of the company, the share of the Bank amounting to TL 5,871 is presented as bonus shares received in
the movement table of investments in subsidiaries.
In year 2012, subsequent to the approval of the decision to increase the paid-in capital of Vakıf Gayrimenkul Yatırım Ortaklığı AŞ (“Vakıf GYO”), a
subsidiary of the Parent Bank, by TL 5,000 from TL 100,000 to TL 105,000, by the General Assembly of the Company, the share of the Parent Bank
amounting to TL 1,382 is presented in the movement table of investments in subsidiary as shares received.
Vakıf Gayrimenkul Yatırım Ortaklığı AŞ and Vakıf B Tipi Menkul Kıymetler Yatırım Ortaklığı AŞ that were accounted as investments in associate in 2012
have been classified as subsidiary beginning from 1 January 2013 and presented in the transfers in movement table of investments in subsidiary.
9. Investments in joint-ventures
There is not any investment in joint-ventures of the Group.
10. Information on finance lease receivables (net)
Finance lease receivables disclosed according to remaining maturities
Current Year
Previous Year
Gross
Net
Gross
Net
Less than 1 year
294,378
248,630
323,945
277,830
Between 1-4 years
645,869
567,960
410,051
359,094
Longer than 4 years
88,692
83,633
42,696
39,995
Total
1,028,939
900,223
776,692
676,919
VAKIFBANK ANNUAL REPORT 2013
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