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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
6. Provision expenses for losses on loans and other receivables
Current Year
Previous Year
Specific provisions on loans and other receivables
1,306,590
749,678
Loans and receivables in Group III
281,208
181,193
Loans and receivables in Group IV
969,808
535,664
Loans and receivables in Group V
55,574
32,821
Non-performing commissions and other receivables
-
-
General provision expenses
234,417
284,755
Provision for possible losses
8,871
43,006
Impairment losses on securities
88,630
128,226
Trading securities
-
14,827
Investment securities available-for-sale
88,630
113,399
Other impairment losses
53,581
64,111
Associates
-
-
Subsidiaries
-
-
Joint ventures
-
-
Investment securities held-to-maturity
53,581
64,111
Others
(*)
248,488
181,792
Total
1,940,577
1,451,568
(*)
Other provision expenses amounting to TL 248,488 (31 December 2012: TL 181,792) is comprised of provision expenses for dividends to the personnel amounting to TL 118,800 (31 December
2012: TL 105,300), provision for non-cash loans that are not indemnified or converted into cash and provision for cheques amounting to TL 37,941 (31 December 2012: TL 52,391), free provision
expenses amounting to TL 30,750, insurance recievables provisions amounting to TL 33,605 (31 December 2012: TL 17,753) and other provision expenses amounting to TL 27,392 (31 December
2012: TL 6,348).
7. Other operating expenses
Current Year
Previous Year
Personnel costs
1,236,020
1,030,983
Reserve for employee termination benefits
19,045
58,502
Provision for deficit in pension funds
-
-
Impairment losses on tangible assets
-
-
Depreciation expenses on tangible assets
109,670
110,852
Impairment losses on intangible assets
-
Amortisation expenses on intangible assets
13,820
11,915
Impairment losses on assets to be disposed
4,000
5,341
Depreciation expenses on assets to be disposed
10,773
12,799
Impairment losses on assets held for sale
484
-
Other operating expenses
1,275,794
978,952
Operational lease related expenses
163,719
137,506
Repair and maintenance expenses
26,286
20,249
Advertisement expenses
98,096
77,923
Other expenses
987,693
743,274
Loss on sale of assets
1,106
664
Others
659,253
822,347
Total
3,329,965
3,032,355
(*)
Other operating expenses amounting to TL 659,253 (31 December 2012: TL 822,347) is comprised of insurance loss paid amounting to TL 351,155 (31 December 2012: TL 316,653), tax, fees
and funds expenses amounting to TL 87,311 (31 December 2012: TL 75,532), “Saving Deposits Insurance Fund” expenses amounting to TL 91,780 (31 December 2012: TL 60,450), insurance
outstanding loss expense amounting to TL 112,070 (31 December 2012: TL 40,573) and other operating expenses amounting to TL 16,937 (31 December 2012: TL 329,139).
VAKIFBANK ANNUAL REPORT 2013
293