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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
3. Dividend Income
Current Period
Prior Period
Trading financial assets
19
-
Financial assets at fair value through profit or loss
-
5
Available-for-sale financial assets
2,247
144
Others
9,963
16,280
Total
12,229
16,429
4. Trading income/losses
Current Period
Prior Period
Income
6,426,056
5,813,655
Income from capital market transactions
2,430,715
198,383
Income from derivative financial instruments
1,408,759
979,332
Foreign exchange gains
2,586,582
4,635,940
Losses
(6,177,261)
(5,556,387)
Losses from capital market transactions
(2,254,642)
(8,076)
Losses from derivative financial instruments
(1,447,948)
(913,428)
Foreign exchange losses
(2,474,671)
(4,634,883)
Trading income/losses, net
248,795
257,268
Net loss arising from changes in foreign exchange rate that relate to the Group’s derivative financial instruments based on foreign exchange rate is TL 8,179 as
at and for the year ended 31 December 2014 (31 December 2013: net gain of TL 29,600).
5. Other operating income
Current Period
Prior Period
Income from reversal of the impairment losses
707,442
457,762
Earned insurance premiums (net of reinsurance share)
663,935
649,142
Communication income
85,302
85,215
Gain on sale of assets
385,471
53,924
Income from private pension business
48,626
38,266
Rent income
529
2,050
Other income
228,486
178,903
Total
2,119,791
1,465,262