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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.)
Level 1: Fair value measurements using quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2: Fair value measurements using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as
prices) or indirectly (derived from prices);
Level 3: Fair value measurements using inpus for the assets or liabilitity that are not based on observable market data (unobservable inputs).
Classification requires using observable market data if possible.
The classification of fair value measurements of financial assets and liabilities measured at fair value is as follows:
31 December 2014
Level 1
Level 2
Level 3
Total
Financial assets at fair value through profit/loss:
Financial assets held for trading purpose:
619
379,576
-
380,195
Derivative financial assets held for trading purpose
619
379,576
-
380,195
Available-for-sale financial assets
14,832,268
1,491,014
-
16,323,282
Debt securities
14,832,268
1,491,014
-
16,323,282
Investments in associates and subsidiaries
631,875
-
1,053,475
(*)
1,685,350
Total Financial Assets
15,464,762
1,870,590
1,053,475
18,388,827
Financial liabilities at fair value through profit/loss:
Derivative financial liabilities held for trading purpose
-
(250,252)
-
(250,252)
Total Financial Liabilities
-
(250,252)
-
(250,252)
31 December 2013
Level 1
Level 2
Level 3
Total
Financial assets at fair value through profit/loss:
Financial assets held for trading purpose:
-
435,690
-
435,690
Derivative financial assets held for trading purpose
-
435,690
-
435,690
Available-for-sale financial assets
14,623,200
1,654,222
-
16,277,422
Debt securities
14,623,200
1,654,222
-
16,277,422
Investments in associates and subsidiaries
675,754
-
886,839
(*)
1,562,593
Total Financial Assets
15,298,954
2,089,912
886,839
18,275,705
Financial liabilities at fair value through profit/loss:
Derivative financial liabilities held for trading purpose
-
(200,778)
-
(200,778)
Total Financial Liabilities
-
(200,778)
-
(200,778)
(*)
This amount consist of fair value of the affiliates and subsidiaries determined by independent valuation companies.