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
3. Dividend income
Current Year
Previous Year
Trading financial assets
-
62
Financial assets at fair value through profit or loss
5
-
Available-for-sale financial assets
144
322
Others
16,280
6,532
Total
16,429
6,916
4. Trading income/losses
Current Year
Previous Year
Income
5,813,655
1,948,308
Income from capital market transactions
198,383
256,145
Income from derivative financial instruments
979,332
370,543
Foreign exchange gains
4,635,940
1,321,620
Losses
(5,556,387)
(1,608,917)
Losses from capital market transactions
(8,076)
(5,222)
Losses from derivative financial instruments
(913,428)
(394,203)
Foreign exchange losses
(4,634,883)
(1,209,492)
Trading income/losses, net
257,268
339,391
Net gain arising from changes in foreign exchange rate that relate to the Group’s derivative financial instruments based on foreign exchange rate is TL
29,600 as at and for the year ended 31 December 2013 (31 December 2012 net gain of TL 13,330).
5. Other operating income
Current Year
Previous Year
Earned insurance premiums (net of reinsurance share)
649,142
583,351
Income from reversal of the impairment losses
457,762
426,842
Communication income
85,215
81,146
Gain on sale of assets
53,924
28,023
Income from private pension business
38,266
34,068
Rent income
2,050
8,358
Other income
178,903
136,873
Total
1,465,262
1,298,661
292