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VAKIFBANK
2014 ANNUAL REPORT
Audited
Current Period
30September 2014
Audited
Prior Period
31 December 2013
LIABILITIES AND EQUITY
Notes
TL
FC
Total
TL
FC
Total
I.
DEPOSITS
V-II-1
65,703,337
26,053,631
91,756,968
59,441,198
22,091,616
81,532,814
1.1 Deposits of the risk group
V-VII-1
1,511,586
216,777
1,728,363
1,790,723
238,889
2,029,612
1.2 Other deposits
64,191,751
25,836,854
90,028,605
57,650,475
21,852,727
79,503,202
II.
DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING PURPOSE
V-II-2
54,233
196,019
250,252
111,604
89,174
200,778
III.
FUNDS BORROWED
V-II-3
887,938
14,039,110
14,927,048
122,174
11,282,638
11,404,812
IV.
INTERBANK MONEY MARKET
9,793,634
6,591,668
16,385,302
8,014,659
6,462,422
14,477,081
4.1
Interbank money market takings
200,000
-
200,000
-
-
-
4.2
Istanbul Stock Exchange money market takings
-
-
-
-
-
-
4.3
Obligations under repurchase agreements
9,593,634
6,591,668
16,185,302
8,014,659
6,462,422
14,477,081
V.
SECURITIES ISSUED (Net)
V-II-3
2,913,190
7,544,567
10,457,757
2,355,180
4,529,646
6,884,826
5.1
Bills
2,913,190
-
2,913,190
2,355,180
-
2,355,180
5.2
Asset backed securities
-
-
-
-
-
-
5.3
Bonds
-
7,544,567
7,544,567
-
4,529,646
4,529,646
VI.
FUNDS
20,089
-
20,089
23,431
-
23,431
6.1 Funds against borrower’s note
-
-
-
-
-
-
6.2 Others
20,089
-
20,089
23,431
-
23,431
VII.
MISCELLANEOUS PAYABLES
2,937,216
223,199
3,160,415
2,506,535
189,570
2,696,105
VIII.
OTHER EXTERNAL RESOURCES PAYABLE
V-II-4
517,101
938,558
1,455,659
423,146
1,030,328
1,453,474
IX.
FACTORING PAYABLES
-
-
-
-
-
-
X.
LEASE PAYABLES
V-II-5
-
-
-
-
-
-
10.1
Finance lease payables
-
-
-
-
-
-
10.2 Operational lease payables
-
-
-
-
-
-
10.3 Others
-
-
-
-
-
-
10.4
Deferred finance leasing expenses ( - )
-
-
-
-
-
-
XI.
DERIVATIVE FINANCIAL LIABILITIES HELD FOR RISK MANAGEMENT PURPOSE
V-II-6
-
-
-
-
-
-
11.1
Fair value hedges
-
-
-
-
-
-
11.2
Cash flow hedges
-
-
-
-
-
-
11.3
Hedges of net investment in foreign operations
-
-
-
-
-
-
XII.
PROVISIONS
V-II-7
2,424,177
12,962
2,437,139
1,964,510
49,774
2,014,284
12.1
General provisions
V-II-7
1,591,002
12,240
1,603,242
1,179,012
11,727
1,190,739
12.2
Restructuring reserves
-
-
-
-
-
-
12.3
Reserve for employee benefits
603,083
-
603,083
543,347
-
543,347
12.4
Insurance technical provisions (Net)
-
-
-
-
-
-
12.5
Other provisions
V-II-7
230,092
722
230,814
242,151
38,047
280,198
XIII.
TAX LIABILITIES
V-II-8
456,288
1,029
457,317
216,864
1,111
217,975
13.1 Current tax liabilities
456,288
1,029
457,317
216,864
1,111
217,975
13.2 Deferred tax liabilities
V-I-15
-
-
-
-
-
-
XIV. PAYABLES FOR ASSETS HELD FOR SALE AND ASSETS RELATED TO DISCONTINUED
OPERATIONS
V-II-9
-
-
-
-
-
-
14.1 Payables related to the assets held for sale
-
-
-
-
-
-
14.2 Payables related to the discontinued operations
-
-
-
-
-
-
XV.
SUBORDINATED LOANS
V-II-10
-
2,138,030
2,138,030
-
1,974,142
1,974,142
XVI.
EQUITY
14,396,856
374,894
14,771,750
12,412,681
203,640
12,616,321
16.1
Paid-in capital
V-II-11
2,500,000
-
2,500,000
2,500,000
-
2,500,000
16.2
Capital reserves
1,680,852
374,894
2,055,746
1,317,561
203,640
1,521,201
16.2.1 Share premium
723,918
-
723,918
723,918
-
723,918
16.2.2 Share cancellation profits
-
-
-
-
-
-
16.2.3 Valuation differences of the marketable securities
V-II-11
842,075
374,894
1,216,969
477,686
203,640
681,326
16.2.4 Revaluation surplus on tangible assets
45,637
-
45,637
44,136
-
44,136
16.2.5 Revaluation surplus on intangible assets
-
-
-
-
-
-
16.2.6 Revaluation surplus on investment properties
-
-
-
-
-
-
16.2.7 Bonus shares of associates, subsidiaries and joint-ventures
69,222
-
69,222
71,821
-
71,821
16.2.8 Hedging reserves (effective portion)
-
-
-
-
-
-
16.2.9 Revaluation surplus on assets held for sale and assets related to the
discontinued operations
-
-
-
-
-
-
16.2.10 Other capital reserves
-
-
-
-
-
-
16.3 Profit reserves
8,462,731
-
8,462,731
7,009,581
-
7,009,581
16.3.1 Legal reserves
1,012,796
-
1,012,796
854,240
-
854,240
16.3.2 Status reserves
-
-
-
-
-
-
16.3.3. Extraordinary reserves
7,214,708
-
7,214,708
5,889,226
-
5,889,226
16.3.4. Other profit reserves
235,227
-
235,227
266,115
-
266,115
16.4
Profit or loss
1,753,273
-
1,753,273
1,585,539
-
1,585,539
16.4.1 Prior years’ profit/loss
-
-
-
-
-
-
16.4.2 Current period’s profit/loss
1,753,273
-
1,753,273
1,585,539
-
1,585,539
TOTAL LIABILITIES AND EQUITY
100,104,059
58,113,667
158,217,726
87,591,982
47,904,061
135,496,043
The accompanying explanations and notes form an integral part of these financial statements.
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI
UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION)
AS OF 31 DECEMBER 2014
(Amounts expressed in thousands of Turkish Lira [“TL”] unless otherwise stated.)
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED INTERIM FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE