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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.)
Movement table of investments in associates
Current Period
Prior Period
Balance at the beginning of the period
245,523
398,063
Movements during the period
59,946
(152,540)
Transfers
-
(155,712)
Acquisitions and capital increases
-
8,745
Bonus shares received
19,985
25,500
Income/loss from investments under equity accounting
-
-
Sales and liquidations
-
-
Fair value changes
39,961
(31,073)
Impairment losses
-
-
Balance at the end of the period
305,469
245,523
Capital commitments
-
-
Share percentage at the end of the period (%)
-
-
In the current period, subsequent to the approval of the decision of the capital of İstanbul Takas ve Saklama Bankası in the Ordinary Meeting of General
Assembly of the Company dated 28 March 2014, an associate of the Bank, has been increased from TL 420,000 to TL 600,000, TL 120,000 is paid from bonus
shares and TL 60,000 is paid in cash amounting to TL 180,000 in total. The share of the Bank amounting to TL 3,230 is presented as bonus shares received in
the movement table of investments in associates. The stock right in cash capital commitment has been removed related to the capital increase, Banks’ share
has been decreased from 4.86% to %4.37.
In the current period, subsequent to the approval of the decision to increase the paid-in capital of Türkiye Sınai Kalkınma Bankası AŞ from TL 1,300,000 to TL
1,500,000 in the Ordinary Meeting of General Assembly of the Company dated 27 March 2014, the share of the Bank amounting to TL 16,755 is presented in
the movement table of investments in associates as bonus shares received.
In the prior period, the capital of İstanbul Takas ve Saklama Bankası, an associate of the Bank, has been increased from TL 60,000 to TL 420,000, TL 180,000
is paid from its own resources and TL 180,000 is paid in cash amounting to TL 360,000 in total. The share of the Bank amounting to TL 8,745 is presented as
bonus shares received and TL 8,745 is presented as acquisitions and capital increases in the movement table of investments in associates.
In the prior period, subsequent to the approval of the decision to increase the paid-in capital of Türkiye Sınai Kalkınma Bankası AŞ, an associate of the Bank,
from TL 1,100,000 to TL 1,300,000, by the General Assembly of the Company, the share of the Bank amounting to TL 16,755 is presented in the movement
table of investments in associates as bonus shares received.
Vakıf Gayrimenkul Yatırım Ortaklığı AŞ and Vakıf Menkul Kıymet Yatırım Ortaklığı AŞ that were accounted as investments in associates in 2012 have been
classified as subsidiary beginning from 1 January 2013 and presented in the transfers in movement table of investments in associates.