VakıfBank Anual Report 2014

148

FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT

CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI

UNCONSOLIDATED FINANCIAL REPORT FOR THE

YEAR ENDED AT 31 DECEMBER 2014

(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)

Information on currency risk

Current Period

Euro

US Dollar

Other FCs

Total

Assets:

Cash and balances with the Central Bank of Turkey

1,950,899

11,525,455

4,282,297

17,758,651

Banks

92,726

2,392,720

70,441

2,555,887

Financial assets at fair value through profit or loss

(1)

30,633

Interbank money market placements

Available-for-sale financial assets

819,967

2,873,509

3,693,476

Loans and receivables

(2)

8,602,119

22,034,004

28,331

30,664,454

Associates, subsidiaries and joint-ventures

321,124

Held-to-maturity investments

92,844

Derivative financial assets held for risk management purpose

Tangible assets

1,372

Intangible assets

111

Other assets

(3)

8,022

532,607

62,163

602,792

Total assests

11,794,857

39,483,255

4,443,232

55,721,344

Liabilities:

Bank deposits

640,393

2,770,161

16,518

3,427,072

Foreign currency deposits

9,231,732

12,446,226

948,601

22,626,559

Interbank money market takings

6,591,668

Other funding

5,311,583

8,724,893

2,634

14,039,110

Securities issued

1,459,110

6,085,457

7,544,567

Miscellaneous payables

164,619

22,719

35,861

223,199

Derivative financial liabilities held for risk

Other liabilities

(1) (3) (4)

38,011

3,087,450

1,561

3,127,022

Total liabilities

16,845,448

39,728,574

1,005,175

57,579,197

Net ‘on balance sheet’ position

(5,050,591)

(245,319)

3,438,057

(1,857,853)

Net ‘off-balance sheet’ position

5,259,448

701,095

(3,430,091)

2,530,452

Derivative assets

(6)

7,286,590

8,766,209

1,377,221

17,430,020

Derivative liabilities

(6)

2,027,142

8,065,114

4,807,312

14,899,568

Non-cash loans

(5)

2,206,271

9,304,139

260,328

11,770,738

Prior Period

Euro

US Dollar

Other FCs

Total

Total assets

14,677,498

30,249,768

3,880,770

48,808,036

Total liabilities

15,140,121

31,301,957

1,189,554

47,631,632

Net ‘on balance sheet’ position

(462,623)

(1,052,189)

2,691,216

1,176,404

Net ‘off-balance sheet’ position

570,050

1,099,915

(2,701,033)

(1,031,068)

Derivative assets

(6)

1,787,998

8,258,319

1,437,036

11,483,353

Derivative liabilities

(6)

1,217,948

7,158,404

4,138,069

12,514,421

Non-cash loans

(5)

1,526,332

7,179,775

347,230

9,053,337

(1)

Derivative financial assets amounting to TL 6,468 (31 December 2013: TL 56,541) and liabilities amounting to TL 113,526 (31 December 2013: TL 38,006) resulting from changes in foreign

exchange rates are not included.

(2)

Foreign currency indexed loans amounting to TL 2,763,606 (31 December 2013: TL 2,548,480) which are presented in TL column in the balance sheet are included in the table above.

(3)

Prepaid expenses amounting to TL 56,439 (31 December 2013: TL 33,487) and equities amounting to TL 374,894

(31 December 2013: TL 203,640) are not included.

(4)

Unearned revenues amounting to TL 46,050 (31 December 2013: TL 30,782) are not included.

(5)

Non-cash loans are not taken into consideration in the calculation of the net ‘off-balance sheet’ position.

(6)

Asset purchase commitments amounting to TL 1,327,706 (31 December 2013: TL 1,716,686) and asset sales commitments amounting to TL 1,312,928 (31 December 2013: TL 1,919,728)

are included.