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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.)
15. Information on deferred tax assets
As at 31 December 2014 and 31 December 2013, items generating deferred tax assets or liabilities are listed below:
Current period
Prior Period
Deferred tax assets:
227,132
161,089
Provision for employee termination benefits and unused vacations
81,013
69,685
Other provisions
28,083
42,708
Valuation differences of associates and subsidiaries
23,456
23,456
Valuation differences of financial assets and liabilities
82,413
14,557
BRSA - Tax Code depreciation differences
10,131
8,789
Others
2,036
1,894
Deferred tax liabilities:
(154,695)
(109,483)
Valuation differences of financial assets and liabilities
(114,636)
(63,656)
Valuation differences of associates and subsidiaries
(40,059)
(45,827)
Deferred tax assets, net
72,437
51,606
16. Information on assets held for sale and assets related to the discontinued operations
As at 31 December 2014 assets held for sale and assets related to the discontinued operations amount to TL 745,883 (31 December 2013: TL 564,744)
17. Information on other assets
As at 31 December 2014 and 31 December 2013 other assets are as follows:
Current period
Prior Period
Receivables from credit card payments
772,007
596,284
Prepaid expenses
617,476
516,014
Guarantees given for derivative financial instruments
351,579
61,219
Guarantees given for repurchase agreements
193,605
392,641
Receivables from term sale of assets
68,664
96,948
Others
212,142
351,068
Total
2,215,473
2,014,174