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FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI
UNCONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR
ENDED AT 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
The accompanying explanations and notes form an integral part of these financial statements.
Notes
Audited Current Period
31 December 2014
Audited Prior Period
31 December 2013
A.
CASH FLOWS FROM BANKING OPERATIONS
1.1 Operating profit before changes in operating assets and liabilities
2,632,569
2,519,169
1.1.1 Interests received
10,469,845
8,177,914
1.1.2 Interests paid
(6,661,702)
(4,264,755)
1.1.3 Dividends received
43,703
29,737
1.1.4 Fee and commissions received
1,145,329
1,005,406
1.1.5 Other income
438,067
164,946
1.1.6 Collections from previously written-off loans and other receivables
V-I-5
705,404
546,553
1.1.7 Payments to personnel and service suppliers
(1,277,830)
(2,566,277)
1.1.8 Taxes paid
(540,885)
(363,768)
1.1.9 Others
V-VI-1
(1,689,362)
(210,587)
1.2 Changes in operating assets and liabilities
(3,133,355)
(2,991,443)
1.2.1 Net (increase) decrease in financial assets held for trading purpose
(619)
2,377
1.2.2 Net (increase) decrease in financial assets valued at fair value through profit or loss
-
-
1.2.3 Net (increase) decrease in due from banks and other financial institutions
(2,000)
(6,639,045)
1.2.4 Net (increase) decrease in loans
(18,811,158)
(19,867,391)
1.2.5 Net (increase) decrease in other assets
109,081
(959,553)
1.2.6 Net increase (decrease) in bank deposits
716,239
4,104
1.2.7 Net increase (decrease) in other deposits
9,494,361
14,194,666
1.2.8 Net increase (decrease) in funds borrowed
3,517,964
3,384,029
1.2.9 Net increase (decrease) in matured payables
-
-
1.2.10 Net increase (decrease) in other liabilities
V-VI-1
1,842,777
6,889,370
I.
Net cash flow from banking operations
(500,786)
(472,274)
B.
CASH FLOWS FROM INVESTING ACTIVITIES
II.
Net cash flow from investing activities
(424,173)
(3,149,350)
2.1 Cash paid for purchase of associates, subsidiaries and joint-ventures
V-VI-2
(205,714)
(90,972)
2.2 Proceeds from disposal of associates, subsidiaries and joint-ventures
-
-
2.3 Purchases of tangible assets
(175,892)
(176,278)
2.4 Proceeds from disposal of tangible assets
83,419
257,519
2.5 Cash paid for purchase of available-for-sale financial assets
(5,677,045)
(5,224,880)
2.6 Proceeds from disposal of available-for-sale financial assets
6,819,996
3,145,750
2.7 Cash paid for purchase of held-to-maturity investments
(2,698,603)
(2,530,205)
2.8 Proceeds from disposal of held-to-maturity investments
V-I-6
1,475,540
1,507,738
2.9 Others
V-VI-1
(45,874)
(38,022)
C.
CASH FLOWS FROM FINANCING ACTIVITIES
III.
Net cash flow from financing activities
3,423,195
4,307,941
3.1 Cash obtained from funds borrowed and securities issued
8,649,309
8,726,401
3.2 Cash used for repayment of funds borrowed and securities issued
(5,126,114)
(4,318,460)
3.3 Equity instruments issued
-
-
3.4 Dividends paid
V-V-5
(100,000)
(100,000)
3.5 Repayments for finance leases
-
-
3.6 Others
-
-
IV.
Effect of change in foreign exchange rates on cash and cash equivalents
V-VI-1
6,249
(8,205)
V.
Net increase in cash and cash equivalents
2,504,485
678,112
VI.
Cash and cash equivalents at the beginning of the period
V-VI-4
5,677,984
4,999,872
VII.
Cash and cash equivalents at the end of the period
V-VI-4
8,182,469
5,677,984