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VAKIFBANK
2014 ANNUAL REPORT
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.)
Exposure to currency risk
10 percent depreciation of the TL against the following currencies as at and for the year ended 31 December 2014 and 2013 would have effect on equity and
profit or loss (without tax effects) by the amounts shown below.
This analysis assumes that all other variables, in particular interest rates, remain constant.
31 December 2014
31 December 2013
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
(43,934)
(43,934)
2,146
2,146
EUR
11,227
11,227
(14,941)
(14,941)
Other currencies
(571)
(571)
(986)
(986)
Total, net
(33,278)
(33,278)
(13,781)
(13,781)
(*)
Equity effect also includes profit or loss effect of 10% devaluation of TL against related currencies.
10 percent appreciation of the TL against the following currencies as at and for the year ended 31 December 2014 and 2013 would have effect on equity and
profit or loss (without tax effects) by the amounts shown below.
31 December 2014
31 December 2013
Profit or loss
Equity
(*)
Profit or loss
Equity
(*)
US Dollar
45,429
45,429
(510)
(510)
Euro
(11,227)
(11,227)
14,941
14,941
Other currencies
797
797
1,489
1,489
Total, net
34,999
34,999
15,920
15,920
(*)
Equity effect also includes profit or loss effect of 10% revaluation of TL against related currencies.