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VAKIFBANK
2014 ANNUAL REPORT
265
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED FINANCIAL REPORT AS AT AND
FOR THE YEAR 31 DECEMBER 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE
Prior Period
Comparison
Stock Investments
Carrying Value
Fair Value
Market Value
Stocks quoted in exchange
(*)
169,019
169,019
169,019
1.Stocks Investments Group A
169,019
169,019
169,019
2.Stock Investments Group B
-
-
-
3.Stock Investment Group C
-
-
-
Stocks unquoted in exchange
(**)
282,457
282,457
-
(*)
The values of stocks traded in Stock Exchange are included to both columns assuming the market value is approximate to fair value.
(**)
The values of stocks unquoted in exchange are determined according to valuation reports prepared by independent valuation companies.
Total unrealized gain or loss, total revaluation surplus and values included to principal and supplementary capital
Total unrealized gain or loss, total appraisal surplus and values included to principal and supplementary capital are given in the below table:
Revaluation Surplus
Unrealized Gain and Loss
Portfolio-Current Period
Realized Gain/Loss
in Current Period
Total
(*)
Included in Core
Capital
Total
(*)
Included in
Core Capital
Included in
Supplementary Capital
1. Private Capital Investments
-
-
-
-
-
-
2. Publicly Traded Stocks
-
-
-
-
-
-
3. Other Stocks
-
62,289
62,289
-
-
-
4. Total
-
62,289
62,289
-
-
-
(*)
Amounts are presented including the effect of deferred tax.
Revaluation Surplus
Unrealized Gain and Loss
Portfolio-Prior Period
Realized Gain/Loss
in Current Period
Total
(*)
Included in
Supplementary
Capital
Total
(*)
Included in
Core Capital
Included in
Supplementary Capital
1. Private Capital Investments
-
-
-
-
-
-
2. Publicly Traded Stocks
-
-
-
-
-
-
3. Other Stocks
-
52,966
23,835
-
-
-
4. Total
-
52,966
23,835
-
-
-
(*)
Amounts are presented including the effect of deferred tax.
VII. CONSOLIDATED LIQUIDITY RISK
In order to avoid the liquidity risk, the Parent Bank diverts funding resources as customer deposits and foreign borrowings, considers the maturity mismatch
between assets and liabilities and maintains liquid assets to guarantee sufficient liquidity during market fluctuations.
While the Parent Bank’s short term liquidity need is met mainly with deposits, its long term liquidity is provided through foreign funding sources such as
syndication and securitization transactions, and transactions and international bond issues. There are no significant idle liquidity resources.