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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.)
9. Investments in joint-ventures
None.
10. Information on finance lease receivables (net)
None.
11. Information on hedging purpose derivatives
Positive differences on derivative financial instruments held for risk management purposes
None.
12. Information on tangible assets
Real Estates
Leased Tangible
Assets
Vehicles
Other Tangible
Assets
Total
Balance at the end of the prior year:
Cost
594,804
137,115
47,761
763,587
1,543,267
Accumulated depreciation(-)
241,134
126,114
35,152
482,076
884,476
Impairment (-)
-
-
-
-
-
Net book value
353,670
11,001
12,609
281,511
658,791
Balance at the end of the current year:
Net book value at the beginning ofü
the current year
353,670
11,001
12,609
281,511
658,791
Additions
18,601
-
2,069
155,222
175,892
Cost of the disposals
12,387
2,662
7,161
17,779
39,989
Depreciation of the disposals
5,384
2,641
6,598
11,587
26,210
Depreciation of the current year (-)
18,173
2,951
5,722
85,058
111,904
Impairment (-)
-
-
-
-
-
Cost at the end of the current year
601,018
134,453
42,669
901,030
1,679,170
Accumulated depreciation at the end
of the year (-)
253,923
126,424
34,276
555,547
970,170
Impairment (-)
(*)
-
-
-
-
-
Net book value at the end of the
current year
347,095
8,029
8,393
345,483
709,000
13. Information on intangible assets
Bank’s intangible assets consist of computer softwares. The estimated useful life of intangible assets is five years. Intangible assets are amortized on a straight-
line basis over the estimated useful lifes. The Bank divides the extinction share of intangible assets according to inflation adjusted values.
In the current year an intangible asset that presents severity for the financial statements does not exist. The Bank does not have intangible assets, which are
obtained by government incentives, recorded at fair value, have utulisation restrictions or have been pledged.
The Bank did not declared a commitment to purchase intangible assets.
14. Information on investment property
None.