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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.)
Information on taxes payable
Current Year
Prior Year
Corporate taxes payable
248,173
59,926
Taxation on securities
123,184
89,264
Capital gains tax on property
2,146
1,891
Taxes on foreign exchange transactions
-
-
Banking and Insurance Transaction Tax (BITT)
58,972
44,809
Value added tax payable
3,139
2,198
Others
19,879
18,151
Total
455,493
216,239
Information on premiums payable
Current Year
Prior Year
Social security premiums- employee share
-
-
Social security premiums- employer share
-
-
Bank pension fund premium- employee share
-
-
Bank pension fund premium- employer share
-
-
Pension fund membership fees and provisions- employee share
-
-
Pension fund membership fees and provisions- employer share
-
-
Unemployment insurance- employee share
608
579
Unemployment insurance- employer share
1,216
1,157
Other
-
-
Total
1,824
1,736
Information on deferred tax liabilities
Information on deferred tax liabilities is presented in disclosure 15 of information and disclosures related to assets.
9. Information on payables for assets held for resale and tangible assets related to discounted activities
None.
10. Information on subordinated loans
The Bank has issued bond having the secondary subordinated loan quality to be sold non-resident natural and legal persons. The bond has been issued at the
nominal value of USD 500 million and in addition to the issuance of this bond, on 3 December 2012 the Bank has realized second trance at nominal value of
USD 400 million, has the maturity of 10 years and 6.0% coupon rate, USD 900 million nominal value in total.
The Bank has obtained written permission of the BRSA for accounting these bonds as secondary subordinated debt and accordingly considering in the
calculation of supplementary capital in compliance with the “Regulation on Capitals of the Banks” published on 1 November 2006 dated and 26333 numbered
Official Gazette.
11. Information on equity
Paid-in capital
Current Period
Prior Period
Common Stock
2,500,000
2,500,000
Preferred Stock
-
-
Paid-in capital of the Bank amounted to TL 2,500,000 is divided into groups comprised of 43.0% Group (A), 15.6% Group (B), 16.2% Group (C) and 25.2%
Group (D).