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FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
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CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE
The accompanying notes are an integral part of these consolidated financial statements.
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION)
AS AT 31 DECEMBER 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
SECTION TWO
CONSOLIDATED FINANCIAL STATEMENTS
Audited Current Period
31 December 2014
Audited Prior Period
31 December 2013
ASSETS
Notes
TL
FC
Total
TL
FC
Total
I.
CASH AND BALANCES WITH THE CENTRAL BANK
V-I-1
4,126,368
17,764,713
21,891,081
1,802,876
17,172,306
18,975,182
II.
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Net)
V-I-2
404,672
45,569
450,241
557,634
97,985
655,619
2.1
Financial assets held for trading purpose
404,672
45,569
450,241
557,634
97,985
655,619
2.1.1
Debt securities issued by the governments
106
8,468
8,574
113,279
15,740
129,019
2.1.2
Equity securities
1,565
-
1,565
3,023
-
3,023
2.1.3
Derivative financial assets held for trading purpose
V-I-2
342,475
37,101
379,576
356,150
82,245
438,395
2.1.4 Other securities
60,526
-
60,526
85,182
-
85,182
2.2
Financial assets designated at fair value through profit or loss
-
-
-
-
-
-
2.2.1 Debt securities issued by the governments
-
-
-
-
-
-
2.2.2 Equity securities
-
-
-
-
-
-
2.2.3 Other securities
-
-
-
-
-
-
2.2.4 Loans
-
-
-
-
-
-
III.
BANKS
V-I-3
784,978
2,783,530
3,568,508
379,923
2,778,428
3,158,351
IV.
RECEIVABLES FROM INTERBANK MONEY MARKETS
9,504
-
9,504
5,095
-
5,095
4.1
Interbank money market placements
-
-
-
-
-
-
4.2
Istanbul Stock Exchange money market placements
3,645
-
3,645
4,095
-
4,095
4.3
Receivables from reverse repurchase agreements
5,859
-
5,859
1,000
-
1,000
V.
AVAILABLE-FOR-SALE FINANCIAL ASSETS (Net)
V-I-4
12,631,871
4,239,244
16,871,115
12,556,285
4,101,124
16,657,409
5.1
Equity securities
15
-
15
15
13,360
13,375
5.2
Debt securities issued by the governments
12,629,806
4,085,677
16,715,483
12,551,950
3,914,264
16,466,214
5.3
Other securities
2,050
153,567
155,617
4,320
173,500
177,820
VI.
LOANS AND RECEIVABLES
V-I-5
76,724,198
29,631,473
106,355,671
65,199,842
23,473,216
88,673,058
6.1
Performing loans and receivables
76,408,786
29,626,228
106,035,014
64,833,644
23,470,402
88,304,046
6.1.1 Loans provided to the same risk group
V-VII-1
6,132
123
6,255
10,828
15,287
26,115
6.1.2 Debt securities issued by the governments
-
-
-
-
-
-
6.1.3 Others
76,402,654
29,626,105
106,028,759
64,822,816
23,455,115
88,277,931
6.2
Loans under follow-up
4,153,756
28,209
4,181,965
3,713,718
22,747
3,736,465
6.3
Specific provisions (-)
3,838,344
22,964
3,861,308
3,347,520
19,933
3,367,453
VII.
FACTORING RECEIVABLES
498,067
12,314
510,381
125,616
6,826
132,442
VIII.
HELD-TO-MATURITY INVESTMENTS (Net)
V-I-6
6,761,749
92,844
6,854,593
5,358,742
54,429
5,413,171
8.1
Debt securities issued by the governments
6,761,749
-
6,761,749
5,358,742
11,590
5,370,332
8.2
Other securities
-
92,844
92,844
-
42,839
42,839
IX.
INVESTMENTS IN ASSOCIATES (Net)
V-I-7
264,184
3
264,187
224,199
3
224,202
9.1
Associates, consolidated per equity method
214,929
-
214,929
179,121
-
179,121
9.2
Unconsolidated associates
49,255
3
49,258
45,078
3
45,081
9.2.1 Financial associates
36,915
-
36,915
32,745
-
32,745
9.2.2 Non-Financial associates
12,340
3
12,343
12,333
3
12,336
X.
INVESTMENTS IN SUBSIDIARIES (Net)
V-I-8
258,927
-
258,927
213,899
-
213,899
10.1
Unconsolidated financial subsidiaries
-
-
-
-
-
-
10.2
Unconsolidated non-financial subsidiaries
258,927
-
258,927
213,899
-
213,899
XI.
INVESTMENTS IN JOINT-VENTURES (Net)
V-I-9
-
-
-
-
-
-
11.1 Joint-ventures, consolidated per equity method
-
-
-
-
-
-
11.2 Unconsolidated joint-ventures
-
-
-
-
-
-
11.2.1 Financial joint-ventures
-
-
-
-
-
-
11.2.2 Non-financial joint-ventures
-
-
-
-
-
-
XII.
LEASE RECEIVABLES
V-I-10
246,618
843,369
1,089,987
135,691
764,532
900,223
12.1
Finance lease receivables
311,605
962,197
1,273,802
172,335
856,604
1,028,939
12.2 Operational lease receivables
-
-
-
-
-
-
12.3 Others
-
-
-
-
-
-
12.4
Unearned income (-)
64,987
118,828
183,815
36,644
92,072
128,716
XIII.
DERIVATIVE FINANCIAL ASSETS HELD FOR RISK MANAGEMENT PURPOSE
V-I-11
-
-
-
-
-
-
13.1
Fair value hedges
-
-
-
-
-
-
13.2
Cash flow hedges
-
-
-
-
-
-
13.3
Hedges of net investment in foreign operations
-
-
-
-
-
-
XIV.
TANGIBLE ASSETS (Net)
V-I-12
782,871
2,002
784,873
876,246
3,727
879,973
XV.
INTANGIBLE ASSETS (Net)
V-I-13
162,074
161
162,235
127,873
196
128,069
15.1
Goodwill
-
-
-
-
-
-
15.2
Other intangibles
162,074
161
162,235
127,873
196
128,069
XVI.
INVESTMENT PROPERTIES (Net)
V-I-14
192,000
-
192,000
20,829
-
20,829
XVII.
TAX ASSETS
175,352
6,938
182,290
158,970
5,557
164,527
17.1 Current tax assets
2,393
6,938
9,331
2,384
4,507
6,891
17.2 Deferred tax assets
V-I-15
172,959
-
172,959
156,586
1,050
157,636
XVIII.
ASSETS HELD FOR SALE AND ASSETS RELATED TO THE
DISCONTINUED OPERATIONS (Net)
V-I-16
747,482
-
747,482
566,913
-
566,913
18.1 Assets held for sale
747,482
-
747,482
566,913
-
566,913
18.2 Assets related to the discontinued operations
-
-
-
-
-
-
XIX.
OTHER ASSETS
V-I-17
2,523,844
834,543
3,358,387
2,060,437
958,183
3,018,620
TOTAL ASSETS
107,294,759
56,256,703
163,551,462
90,371,070
49,416,512
139,787,582