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FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
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TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES
CONSOLIDATED FINANCIAL REPORT AS AT AND
FOR THE YEAR ENDED 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
Movement table of consolidated investments in subsidiaries in unconsolidated financial statements
Current Period
Prior Period
Balance at the beginning of the period
1,163,983
912,209
Movements during the period
23,614
251,774
Transfers
-
-
Acquisitions
172,562
51,626
Bonus shares received
-
3,267
Share of current year profit
(32,389)
(15,272)
Sales and liquidations
-
-
Fair value changes
(118,756)
212,153
Impairment losses
2,197
-
Balance at the end of the period
1,187,597
1,163,983
Capital commitments
-
-
Share percentage at the end of the period (%)
-
-
Valuation of consolidated subsidiaries in unconsolidated financial statements
Current Period
Prior Period
Measured at cost
-
-
Measured at fair value
1,187,597
1,163,983
Equity method of accounting
-
-
Total
1,187,597
1,163,983
Sectorial distribution of consolidated investments in subsidiaries
Current Period
Prior Period
Insurance companies
402,769
341,751
Banks
321,124
270,577
Factoring companies
65,273
87,205
Leasing companies
45,149
36,636
Financing companies
-
-
Other financial subsidiaries
353,282
427,814
Total
1,187,597
1,163,983
Quoted consolidated subsidiaries
Current Period
Prior Period
Quoted at domestic stock exchanges
378,037
478,631
Quoted at international stock exchanges
-
-
Total
378,037
478,631
Consolidated subsidiaries disposed during the year
There is not any disposal in the consolidated subsidiaries in the current year.
Consolidated investments in subsidiaries acquired during the period
There is no subsidiary acquired in the current period.
In the current period, the title of Vakıf B Tipi Menkul Kıymetler Yatırım Ortaklığı has been changed to Vakıf Menkul Kıymet Yatırım Ortaklığı. The new title of the
company has been registered on 9 April 2014.