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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
GAINS AND LOSSES RECOGNIZED IN EQUITY
Notes
Audited Current Period
1 January 2014-
31 December 2014
Audited Prior Period
1 January 2013-
31 December 2013
I.
VALUATION DIFFERENCES OF AVAILABLE FOR SALE FINANCIAL ASSETS RECOGNIZED
IN VALUATION DIFFERENCES OF MARKETABLE SECURITIES
V-V-6
826,465
(1,045,551)
II.
REVALUATION SURPLUS ON TANGIBLE ASSETS
-
-
III.
REVALUATION SURPLUS ON INTANGIBLE ASSETS
-
-
IV.
CURRENCY TRANSLATION DIFFERENCES
(15,664)
73,162
V.
GAINS/(LOSSES) FROM CASH FLOW HEDGES (Effective Portion of Fair Value
Changes)
VI.
GAINS/(LOSSES) FROM NET FOREIGN INVESTMENT HEDGES (Effective portion)
VII. EFFECTS OF CHANGES IN ACCOUNTING POLICIES AND ERRORS
-
-
VIII. OTHER GAINS AND LOSSES RECOGNIZED IN EQUITY IN ACCORDANCE WITH TAS
(36,780)
(9,198)
IX.
DEFERRED TAXES DUE TO VALUATION DIFFERENCES
V-V-6
(153,802)
90,441
X.
NET GAINS/LOSSES RECOGNIZED DIRECTLY IN EQUITY (I+II+…+IX)
620,219
(891,146)
XI.
CURRENT PERIOD’S PROFIT/(LOSS)
1,813,843
1,628,179
11.1 Change in fair value of securities (transfers to the statement of income)
V-V-6
168,124
253,151
11.2
Gains/Losses recognized in the statement of income due to reclassification of cash
flow hedges
-
-
11.3
Gains/Losses recognized in the statement of income due to reclassification of net
foreign investment hedges
-
-
11.4 Others
1,645,719
1,375,028
XII. TOTAL GAINS AND LOSSES RECOGNIZED DURING THE PERIOD (X+XI)
2,434,062
737,033
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED STATEMENT OF GAINS AND LOSSES RECOGNIZED IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
The accompanying notes are an integral part of these consolidated financial statements.