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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 subsidiaries
Current Period
Prior Period
Balance at the beginning of the period
1,365,470
912,209
Movements during the period
66,043
453,261
Transfers
-
155,712
Acquisitions and capital increases
205,713
82,227
Bonus shares received
-
60,443
Dividends from current year profit
(34,017)
(16,155)
Sales and liquidations
-
-
Fair value changes
(107,850)
217,617
Impairment losses
2,197
(46,583)
Balance at the end of the period
1,431,513
1,365,470
Capital commitments
-
-
Share percentage at the end of the period (%)
-
-
Methods to measure investments in subsidiaries
Current Period
Prior Period
Measured at cost
-
-
Measured at fair value
1,431,513
1,365,470
Equity method of accounting
-
-
Total
1,431,513
1,365,470
Sectoral distribution of investments in financial subsidiaries
Current Period
Prior Period
Insurance companies
402,768
341,750
Banks
321,124
270,577
Factoring companies
65,273
87,205
Leasing companies
45,149
36,636
Finance companies
-
-
Other financial subsidiaries
353,283
427,815
Total
1,187,597
1,163,983
Quoted subsidiaries
Current Period
Prior Period
Quoted at domestic stock exchanges
378,037
478,632
Quoted at international stock exchanges
-
-
Total
378,037
478,632
Investments in subsidiaries disposed during the period
There is no disposal in subsidiaries in the current period.