VakıfBank Anual Report 2014

219

CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE

VAKIFBANK

2014 ANNUAL REPORT

CHANGES IN EQUITY

Notes

Paid-in

Capital

Reserves

from

Inflation

Adj.s to Paid

in Capital

Premium

Cancellation

Profits

Legal

Reserves

Status

Reserves

Extraordinary

Reserves

Other Profit

Reserves

Current

Year’s Net

Profit/

(Loss)

Years’ Net

Profit/

(Loss)

Valuation

Differences

of the

Marketable

Securities

Revaluation

Surplus on

Tangible,

Intangible

Assets and

Investment

Property

Bonus Shares

of Associates,

Subsidiaries

and Joint

Ventures

Hedging

Reserves

Revaluation

Surp. On

Assets Held

for Sale and

Assets of

Discount.

Op.s

Shareholders’

Equity before

Minority

Non-

controlling

Interest

Total

Equity

Prior period – 31 December 2013

Balances at the beginning of the period

2,500,000

726,720

753,941

5,050 4,802,343

352,193 1,423,451

94,638

720,811

50,452

1,779

- 11,431,378

397,619 11,828,997

Changes during the period

II.

Mergers

III.

Valuation differences of the marketable securities

(859,663)

IV.

Hedging reserves

4.1 Cash flow hedges

4.2 Net investment hedges

Revaluation surplus on tangible assets

VI.

Revaluation surplus on intangible assets

VII.

Bonus shares of associates, subsidiaries and joint-

ventures

4,503

VIII.

Translation differences

66,111

7,051

73,162

IX.

Changes resulted from disposal of the assets

Changes resulted from reclassifications of the assets

XI.

Effect of change in equities of associates on the

Group’s equity

(10,867)

(603)

(11,470)

XII.

Capital increase

5,736

12.1 Cash

5,736

12.2 Internal sources

XIII.

Share issuance

XIV.

Share cancellation profits

XV.

Capital reserves from inflation adjustments to

paid-in capital

XVI.

Others

(22,079)

(76,115)

(98,194)

XVII. Current period’s profit/loss

1,652,474

1,652,474 (24,295)

1,628,179

XVIII Profit distribution

(34)

150,225

1,287 1,204,848

24,527 (1,423,451)

(58,279)

877

(100,000)

(292)

(100,292)

18.1 Dividends

(100,000)

(292)

(100,292)

18.2 Transferred to reserves

(34)

150,225

1,287

1,204,848

24,527 (1,323,451)

(58,279)

877

18.3 Others

Balances at the end of the period

2,500,000

726,686

904,166

6,337 6,007,191

420,752 1,652,474

36,359 (149,719)

51,329

6,282

- 12,161,857

309,101 12,470,958

Current period – 31 December 2014

Balances at the beginning of the period

2,500,000

726,686

904,166

6,337 6,007,191

420,752 1,652,474

36,359 (149,719)

51,329

6,282

- 12,161,857

309,101 12,470,958

Changes during the period

II.

Mergers

III.

Valuation differences of marketable securities

671,249

3,006

674,255

IV.

Hedging Reserves

4.1 Cash flow hedges

4.2 Net investment hedges

Revaluation surplus on tangible assets

VI.

Revaluation surplus on intangible assets

VII.

Bonus shares of associates, subsidiaries and joint-

ventures

(2,599)

VIII.

Translation differences

(14,098)

(1,566)

(15,664)

IX.

Changes resulted from disposal of assets

Changes resulted from reclassifications of assets

XI.

Effect of change in equities of associates on the

Group’s equity

(777)

XII.

Capital increase

12.1 Cash

12.2 Internal sources

XIII.

Share issuance

XIV.

Share cancellation profits

XV.

Capital reserves from inflation adjustments to

paid-in capital

XVI.

Others

1,094

860

5,824 (33,886)

(20,762)

(46,870)

169,748

122,878

XVII. Current period’s profit/loss

1,805,677

8,166 1,813,843

XVIII Profit distribution

164,219

1,333,112

113 (1,652,474)

53,495

1,535

(100,000)

(2,371)

(102,371)

18.1 Dividends

V-V-5

(100,000)

(2,371)

(102,371)

18.2 Transferred to reserves

V-V-5

164,219

1,333,112

113 (1,552,474)

53,495

1,535

18.3 Others

Balances at the end of the period

2,500,000

727,780

1,069,245

6,337 7,346,127

372,881 1,805,677

68,315

521,530

52,864

3,683

- 14,474,439

486,084 14,960,523

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES 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.