Basic HTML Version
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
VI. Information and disclosures on consolidated statement of cash flows
1. Disclosures for “other” items in the consolidated statement of cash flows and effect of change in foreign currency rates cash and cash
equivalents
“Other” balance under the “Operating profit before changes in operating assets and liabilities” amounting to TL (221,790) (31 December 2012: TL
283,714) is comprised of income from capital market transactions and derivative financial instruments and foreign exchange gains for the year ended.
“Net increase/decrease in other liabilities” amounting to TL 6,972,033 (31 December 2012: TL 3,795,910) under “Changes in operating assets and
liabilities” is mainly comprised of cash inflows from repurchase agreements.
“Other” balance under the “Net cash flow from investing activities” amounting to TL (38,870) (31 December 2012: TL (31,952)) is compromised of
intangibles asset purchases.
Since unrealized gains and losses arising from foreign exchange rate changes are not regarded as cash flows, the effect of changes in foreign exchange
rate on cash and cash equivalents in foreign currency has been calculated as TL (9,013) (31 December 2012: TL (1,666)) and presented in the statement
of cash flows in order to reconcile cash and cash equivalents banlances at the beginning and end of the year.
2. Cash outflows from acquisition of associates, subsidiaries and joint-ventures
In the current period, the capital of İstanbul Takas ve Saklama Bankası, an associate of the Bank, has been increased from TL 60,000 to TL 420,000, TL
180,000 is paid from its own resources and TL 180,000 is paid in cash amounting to TL 360,000 in total. The share of the Bank amounting to TL 8,745 is
presented as bonus shares received and TL 8,745 is presented as acquisitions and capital increases in the movement table of investments in associates.
In the current period, subsequent to the approval of the decision to increase the paid capital of Taksim Otelcilik AŞ, a subsidiary of the Bank, from TL
97,150 to TL 269,257, by the Extraordinary General Assembly of the company on 27 August 2013, the share of the Bank is increased from TL 49,547 to
TL 137,324 (TL 57,176 from retained earnings and TL 30,601 from cash, in total TL 87,777) and the share portion of the Bank is remained the same. TL
7,650 is paid on 13 September 2013 and TL 22,950 is paid on 2 December 2013 from TL 30,601 which is Bank’s share of cash capital commitment. The
share of the Bank amounting to TL 57,176 is presented in the bonus shares received and TL 30,601 is presented in the acquisitions and capital increases
in the movement table of investments in subsidiaries.
3. Cash flows from the disposal of associates, subsidiaries and joint-ventures
There is not any associate, subsidiary or joint-venture disposed in the current and prior year.
4. Information on cash and cash equivalents
Information on cash and cash equivalents at the beginning of the year
Current Year
31 December 2012
Previous Year
31 December 2011
Cash on hand
983,020
716,004
Cash in TL
793,004
604,234
Cash in Foreign Currency
190,016
111,770
Cash equivalents
4,392,777
4,290,104
CBT
11,323,157
6,424,827
Banks
2,656,490
2,541,335
Recievables from money markets
6,645
190,467
Others
25,317
1,031
Loans and advances to banks having maturity of more than 3 months
(191,913)
(303,391)
Restricted cash and cash equivalents
(9,423,459)
(4,560,702)
Income accruals on cash equivalents
(3,460)
(3,463)
Total
5,375,797
5,006,108
296