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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.)
3. Cash flows from the disposal of associates, subsidiaries and joint-ventures
There is no disposal in associates, subsidiaries and joint-ventures in the current year.
4. Information on cash and cash equivalents
Information on cash and cash equivalents at the beginning of the year
Current Period
31 December 2013
Prior Period
31 December 2012
Cash on hand
1,149,351
979,167
Cash in TL
860,452
792,976
Cash in foreign currency
288,899
186,191
Cash equivalents
4,528,633
4,020,705
CBT
17,793,235
11,323,157
Banks
2,639,137
1,954,906
Receivables from money markets
-
-
Other
25,495
25,301
Loans and advances to banks having maturity of more than 3 months
(8,000)
-
Restricted cash and cash equivalents
(15,921,172)
(9,282,127)
Unrealised foreign exchange rate differences on cash equivalents
(62)
(532)
Total
5,677,984
4,999,872
Information on cash and cash equivalents at the end of the year
Current Period
31 December 2014
Prior Period
31 December 2013
Cash on hand
1,370,759
1,149,351
Cash in TL
1,008,203
860,452
Cash in foreign currency
362,556
288,899
Cash equivalents
6,811,710
4,528,633
CBT - Unrestricted demand deposit
20,440,692
17,793,235
Banks
2,570,620
2,639,137
Receivables from money markets
-
-
Other
73,528
25,495
Loans and advances to banks having maturity of more than 3 months
(6,000)
(8,000)
Restricted cash and cash equivalents
(16,266,642)
(15,921,172)
Unrealized foreign exchange rate differences on cash equivalents
(488)
(62)
Total
8,182,469
5,677,984
5. Management comment on restricted cash and cash equivalents due to legal requirements or other reasons taking materiality principle into
account
Reserve requirements at CBT amounting to TL 16,156,474 as at 31 December 2014 (31 December 2013: TL 15,826,492) has not been included in cash and cash
equivalents.
Foreign currency bank deposits amounting to TL 110,168 (31 December 2013: TL 94,680) is blocked due to securitization loans and other ordinary banking
operations of the Bank.