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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
Notes
Audited Current Period
31 December 2014
Audited Prior Period
31 December 2013
A.
CASH FLOWS FROM BANKING OPERATIONS
1.1 Operating profit before changes in operating assets and liabilities
3,209,873
2,772,614
1.1.1 Interests received
10,753,156
8,407,894
1.1.2 Interests paid
(6,710,476)
(4,377,459)
1.1.3 Dividends received
5,869
15,500
1.1.4 Fee and commissions received
1,109,503
948,375
1.1.5 Other income
1,231,954
788,314
1.1.6 Collections from previously written-off loans and other receivables
V-I-5
707,442
555,877
1.1.7 Payments to personnel and service suppliers
(1,415,182)
(2,974,541)
1.1.8 Taxes paid
(556,581)
(369,556)
1.1.9 Others
V-VI-1
(1,915,812)
(221,790)
1.2 Changes in operating assets and liabilities
(2,887,087)
(3,099,826)
1.2.1 Net (increase) decrease in financial assets held for trading purpose
141,710
(14,697)
1.2.2 Net (increase) decrease in financial assets valued at fair value through profit or loss
-
-
1.2.3 Net (increase) decrease in due from banks and other financial institutions
(2,045)
(6,439,722)
1.2.4 Net (increase) decrease in loans
(19,225,256)
(20,734,486)
1.2.5 Net (increase) decrease in other assets
(31,827)
(1,091,406)
1.2.6 Net increase (decrease) in bank deposits
721,273
50,580
1.2.7 Net increase (decrease) in other deposits
9,627,944
14,525,085
1.2.8 Net increase (decrease) in funds borrowed
3,932,304
3,632,787
1.2.9 Net increase (decrease) in matured payables
-
-
1.2.10 Net increase (decrease) in other liabilities
V-VI-1
1,948,810
6,972,033
I.
Net cash flow from banking operations
322,786
(327,212)
B.
CASH FLOWS FROM INVESTING ACTIVITIES
II.
Net cash flow from investing activities
(634,008)
(3,254,820)
2.1 Cash paid for purchase of associates, subsidiaries and joint-ventures
V-VI-2
(205,714)
(39,346)
2.2 Proceeds from disposal of associates, subsidiaries and joint-ventures
-
-
2.3 Cash paid for purchase of tangible assets
(175,892)
(190,309)
2.4 Proceeds from disposal of tangible assets
230,805
258,122
2.5 Cash paid for purchase of available-for-sale financial assets
(5,907,461)
(5,407,527)
2.6 Proceeds from disposal of available-for-sale financial assets
6,871,852
3,185,577
2.7 Cash paid for purchase of held-to-maturity investments
(2,869,774)
(2,530,205)
2.8 Proceeds from disposal of held-to-maturity investments
1,466,184
1,507,738
2.9 Others
V-VI-1
(44,008)
(38,870)
C.
CASH FLOWS FROM FINANCING ACTIVITIES
III.
Net cash flow from financing activities
3,409,685
4,303,151
3.1 Cash obtained from funds borrowed and securities issued
8,540,424
8,721,903
3.2 Cash used for repayment of funds borrowed and securities issued
(5,028,368)
(4,318,460)
3.3 Equity instruments issued
-
-
3.4 Dividends paid
(102,371)
(100,292)
3.5 Re-payments for finance leases
-
-
3.6 Others
-
-
IV.
Effect of change in foreign exchange rates on cash and cash equivalents
V-VI-1
4,539
(9,013)
V.
Net decrease in cash and cash equivalents
3,103,002
712,106
VI.
Cash and cash equivalents at the beginning of the year
V-VI-4
6,087,903
5,375,797
VII.
Cash and cash equivalents at the end of the period
V-VI-4
9,190,905
6,087,903
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
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.