CONSOLIDATED BALANCE SHEETS AT 31 DECEMBER 2007 AND 2006 (Amounts expressed in thousands of New Turkish Lira ( YTL ) unless otherwise indicated.

Similar documents
ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş. CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS AS OF 30 SEPTEMBER 2013 AND 31 DECEMBER 2012

TOTAL CURRENT ASSETS

ZORLU ENERJİ ELEKTRİK ÜRETİM AŞ

ZORLU ENERJİ ELEKTRİK ÜRETİM AŞ

VESTEL ELEKTRONİK SANAYİ VE TİCARET AŞ

ZORLU ENERJİ ELEKTRİK ÜRETİM AŞ

Consolidated Balance Sheets As of June 30,2007,2006 and December 31,2006

VESTEL ELEKTRONİK SAN. VE TİC. A.Ş.

Consolidated Balance Sheets Mazda Motor Corporation and Consolidated Subsidiaries March 31, 2017 and 2016

ITURAN LOCATION AND CONTROL LTD. AND ITS SUBSIDIARIES. Consolidated Financial Statements as of December 31, 2015

Ray Sigorta Anonim Şirketi Balance Sheet As At 30 June 2016 (Currency: Turkish Lira (TL))

ITURAN LOCATION AND CONTROL LTD. AND ITS SUBSIDIARIES. Consolidated Financial Statements as of December 31, 2016

FINANCIAL RELEASE HOSIDEN CORPORATION FROM APRIL 1,2018 TO JUNE 30,

ITURAN LOCATION AND CONTROL LTD. AND ITS SUBSIDIARIES. Consolidated Financial Statements as of December 31, 2014

Interim consolidated statement of financial position as of 30 September 2018 (Amounts expressed in Turkish Lira ( TL ) unless otherwise indicated.

Autohellas Financial Highlights - First Quarter 2017

VESTEL BEYAZ EŞYA SANAYİ VE TİCARET AŞ

ITURAN LOCATION AND CONTROL LTD. AND ITS SUBSIDIARIES. Consolidated Financial Statements as of December 31, 2013

YAŞAR HOLDİNG A.Ş. CONSOLIDATED INTERIM FINANCIAL STATEMENTS AT 30 SEPTEMBER 2018

ITURAN LOCATION AND CONTROL LTD. Consolidated Interim Financial Statements as of June 30, 2017

VESTEL BEYAZ EŞYA SANAYİ VE TİCARET A.Ş.

Basis Earnings per Share Fully Diluted Earnings per Share

III. BANKS RECEIVABLES FROM REVERSE REPURCHASE TOTAL ASSETS

III. BANKS RECEIVABLES FROM REVERSE REPURCHASE TOTAL ASSETS

Consolidated Financial Statements and Primary Notes

ASSETS 31 December December 2014

Group Consolidated Income Statement

Consolidated Financial Results For the Year Ended March 31, 2018

AS DnB NORD Banka. Unaudited Financial Statement For the period ended 30 June 2007

CONSOLIDATED BALANCE SHEET

YAŞAR HOLDİNG A.Ş. CONSOLIDATED FINANCIAL STATEMENTS AT 3o JUNE 2011

5. Consolidated Financial Statements (1) Consolidated Balance Sheets

III. BANKS RECEIVABLES FROM REVERSE REPURCHASE TOTAL ASSETS

Consolidated Balance Sheets (Unaudited)

CONSOLIDATED BALANCE SHEET

YAŞAR HOLDİNG A.Ş. CONSOLIDATED FINANCIAL STATEMENTS AT 30 SEPTEMBER 2015

HSBC Bank Armenia cjsc

Consolidated Balance Sheet - 1/2

ITURAN LOCATION AND CONTROL LTD. Consolidated Interim Financial Statements as of March 31, 2014

ITURAN LOCATION AND CONTROL LTD. Consolidated Interim Financial Statements as of March 31, 2013


ITURAN LOCATION AND CONTROL LTD. AND ITS SUBSIDIARIES. Consolidated Financial Statements as of December 31, 2012

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

Consolidated Financial Results For the First Quarter Ended June 30, 2018

Millî Reasürans Türk Anonim Şirketi Unconsolidated Balance Sheet As At 30 September 2018 (Currency: Turkish Lira (TL))

YAŞAR HOLDİNG A.Ş. CONSOLIDATED INTERIM FINANCIAL STATEMENTS AT 30 SEPTEMBER 2016

Millî Reasürans Türk Anonim Şirketi Unconsolidated Balance Sheet As At 30 June 2018 (Currency: Turkish Lira (TL))

Consolidated Statement of Profit or Loss Year ended 31 December 2016

For the financial year ended 30 June 2017 Amounts in RM million unless otherwise stated. Note

Consolidated Balance Sheet - 1/2

Millî Reasürans Türk Anonim Şirketi Consolidated Balance Sheet As At 30 September 2017 (Currency: Turkish Lira (TL))

Consolidated Balance Sheets (Unaudited)

HSBC Bank Armenia cjsc

HSBC Bank Armenia cjsc

TOTAL ASSETS 1,672,316 1,551,904

FINANCIAL RELEASE HOSIDEN CORPORATION FROM APRIL 1,2017 TO DECEMBER 31,

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET. ASSETS I- Current Assets

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET ASSETS

ITURAN LOCATION AND CONTROL LTD. Condensed Consolidated Interim Financial Statements as of September 30, 2014

Financial Results For the Fiscal Year 2016 ending January 31, 2016

FORTE OIL PLC. Profit/Loss Before Tax 6,524,550 1,149, % 6,111, , %

GAP - Annual Financial Report 2017 Please see attached.

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET (TRY) ASSETS I- Current Assets


Summary of Consolidated Financial Results of Taiheiyo Cement Corporation for the Fiscal 2016 Ended March 31, 2016 May 12, 2016

CONSOLIDATED BALANCE SHEETS

Balance Sheets (Quarterly)

Consolidated Financial Statements and Primary Notes

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro)

ITURAN LOCATION AND CONTROL LTD. Condensed Consolidated Interim Financial Statements as of September 30, 2013

Industrial Development &Workers Bank of Egypt Separate Balance Sheet

(Value in INR) BALANCE SHEET AS AT Particulars Note March 31,2017 March 31,2016 II. ASSETS

Consolidated Balance Sheets

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

UniCredit Bank Slovakia a. s.

FUJI YAKUHIN CO., Ltd. Consolidated Financial Statements For the Year ended March 31,2017

Accounting Title 2014/3/ /12/ /3/31 Balance Sheet

ST. KITTS-NEVIS-ANGUILLA NATIONAL BANK LIMITED

ASSETS 31 March December 2015

CONSOLIDATED FINANCIAL STATEMENTS

FINANCIAL RELEASE HOSIDEN CORPORATION FROM APRIL 1,2018 TO DECEMBER 31,

DOOSAN CORPORATION AND SUBSIDARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2010 AND 2009

Yasheng Group 2010 Financial Results

CONSOLIDATED BALANCE SHEET

Consolidated Financial Results For the First Half of the Fiscal Year Ending March 31, 2018 (For the Six Months Ended September 30, 2017)

CONSOLIDATED FINANCIAL STATEMENTS These Consolidated Financial Statements were publicly released in the Japanese language on November 9, 2016.

Consolidated Financial Statements (1) Consolidated Balance Sheet (Unit: Million yen) Previous Consolidated Fiscal Year (Ended March 31, 2011)

Financial Statements for Fiscal 2003 (April 1, 2003 to March 31, 2004) Nippon Steel Chemical Co., Ltd.

CONSOLIDATED FINANCIAL STATEMENTS

Reference. PwC Holdings Ltd and Its Subsidiaries Consolidated Income Statement for the financial year ended 31 December 2003

North America. Middle East & Africa. South America. Europe. Asia Pacific. Ford Credit

Regency Alliance Insurance Plc Consolidated and Separate Financial Statements for the Year Ended December STATEMENT OF FINANCIAL POSITION

Industrial Development &Workers Bank of Egypt Separate Balance Sheet

FINANCIAL RELEASE HOSIDEN CORPORATION FROM APRIL.1,2016 TO MARCH.31,

CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH

POU CHEN CORPORATION AND SUBSIDIARIES

HSBC Bank Armenia cjsc. Financial Statements for the year ended 31 December 2005

Outline of Consolidated Financial Results of Taiheiyo Cement Corporation for the Third Quarter of Fiscal 2018 ended March 31, 2018 February 8, 2018

Attachment to the current report no. 15/2017 dated 23 August 2017 Adjusted financial data of the Company

Transcription:

CONSOLIDATED BALANCE SHEETS AT 31 DECEMBER 2007 AND 2006 ASSETS Current assets 218.750.700 190.394.011 Cash and cash equivalents 4 328.956 399.043 Marketable securities (net) 5 - - Trade receivables (net) 7 5.554.923 16.906.869 Lease receivables (net) 8 - - Due from related parties (net) 9 65.696.514 82.074.360 Other receivables (net) 10 110.128 6.175 Biological assets (net) 11 21.559.327 - Inventories (net) 12 111.058.438 85.981.804 Assets available for sales 35 1.149.010 - Receivables from construction contracts work in progress (net) 13 - - Deferred tax assets 14 - - Other current assets 15 13.293.404 5.025.760 Non-current assets 178.527.568 140.764.806 Trade receivables (net) 7 - - Lease receivables (net) 8 - - Due from related parties (net) 9 - - Other receivables (net) 10 74.455 83.223 Financial assets (net) 16 11.556.191 13.224.898 Goodwill/negative goodwill (net) 17 - - Investment properties (net) 18 - - Property, plant and equipment (net) 19 131.811.660 89.299.861 Intangible assets (net) 20 843.844 1.149.189 Deferred tax assets 14 34.189.957 37.007.635 Other non-current assets 15 51.461 - Total assets 397.278.268 331.158.817 The consolidated financial statements prepared as at and for the year ended 31 December 2007 were approved for issue by the Board of Directors on 12 March 2008 and signed on its behalf by Güçlü Toker, Board of Directors Member and Tamer Soyupak, Assistant General Manager - Chief Finanical Officer. 1

CONSOLIDATED BALANCE SHEETS AT 31 DECEMBER 2007 AND 2006 LIABILITIES Current Liabilities 149.135.410 190.550.860 Short-term financial liabilities (net) 6 77.820.480 145.770.937 Current maturities of long-term financial liabilities (net) 6 12.841.145 - Leasing payables (net) 8 143.868 - Other financial liabilities (net) 10 - - Trade payables (net) 7 41.181.408 31.237.858 Due to related parties (net) 9 11.132.502 9.005.104 Advances received 21 - - Construction contracts acquisition value (net) 13 - - Provisions 23 502.999 859.421 Deferred tax liabilities 14 - - Other liabilities (net) 10 5.513.008 3.677.540 Non-Current Liabilities 99.576.797 68.091.992 Long-term financial liabilities (net) 6 82.536.695 56.224.000 Leasing payables (net) 8 104.200 - Other financial liabilities (net) 10 - - Trade payables (net) 7 - - Due to related parties (net) 9 - - Advances received 21 - - Provisions 23 7.394.443 6.329.918 Deferred tax liabilities 14 - - Other liabilities (net) 10 9.541.459 5.538.074 Minority Interest 24 6.676.766 - Shareholders Equity 141.889.295 72.515.965 Share capital 25 136.000.000 86.041.814 Treasury shares 25 - - Capital reserves 26 85.407.577 76.275.693 Share premium 9.131.884 - Share cancellation gains - - Revaluation fund - - Financial assets fair value reserve (864.586) (864.586) Inflation adjustment to shareholders equity 77.140.279 77.140.279 Profit Reserves 27 (685.270) 60.404 Legal reserves - - Statutory reserves - - Extraordinary reserves (745.674) - Special reserves 60.404 60.404 Investment and property sales income to be added to the capital - - Translation reserve - - Current Year Profit/(Loss) 11.028.934 (19.497.144) Retained Losses 28 (89.861.946) (70.364.802) Total Shareholders Equity and Liabilities 397.278.268 331.158.817 2

CONSOLIDATED INCOME STATEMENTS AT 31 DECEMBER 2007 AND 2006 Operating Revenue Sales (net) 36 546.836.505 448.398.975 Cost of sales (449.782.899) (377.477.278) Service income (net) 36 - - Other operating income (net) 36 - - Gross Operating Profit 97.053.606 70.921.697 Operating expenses 37 (65.824.638) (53.482.450) Net Operating Profit 31.228.968 17.439.247 Other income and profits 38 8.983.050 1.829.009 Other expenses and losses 38 (5.730.604) (9.460.693) Financial expenses 39 (17.452.487) (26.941.445) Income/(Loss) before monetary loss and minority interests 17.028.927 (17.133.882) Monetary gain/(loss) 40 - - Minority interest 24 (960.732) - Income/(Loss) Before Taxes 16.068.195 (17.133.882) Taxes on income 41 (5.039.261) (2.363.262) Net Income/(Loss) 11.028.934 (19.497.144) Earnings/(loss) per share with a nominal value of Ykr 1) 42 1,02 (2,25) 3

CONSOLIDATED CASH FLOWS AT 31 DECEMBER 2007 AND 2006 Income/(Loss) before minority interest and taxation 17.028.927 (17.133.882) Adjustments to reconcile net income/(loss) to net cash provided by operating activities: Interest expense 28.507.808 26.610.269 Depreciation and amortization 19, 20 8.399.547 6.832.916 Losses from joint ventures 38 3.966.235 7.802.850 Increase in employment termination benefits 23 2.523.466 3.088.524 Provision for doubtful receivables, net 7 494.783 (267.599) Income on negative goodwill 38 (4.604.460) - Gain on sale of property, plant and equipment, net 38 (2.128.545) (51.363) Income/(Loss) on affiliates 38 (485.745) (461.767) Interest income 39 (130.661) (10.682) Other 47.772 - Operating profit/(loss) before changes in operating assets and liabilities 53.619.127 26.409.266 Increase/(decrease) in trade receivables 11.101.158 (11.311.502) Increase/(decrease) in due from related parties 22.703.430 (14.450.795) Increase in inventories (21.432.111) (1.858.052) Increase in biological assets (1.546.758) - Increase is available for sale assets (85.646) - Increase/(decrease) in other current assets (7.144.663) 5.543.322 Increase in trade payables 7.569.641 5.821.668 Decrease in due to related parties (725.312) (6.624.644) Increase/(decrease) in advances received and provisions (356.422) 373.188 Increase/(decrease) in other liabilities 1.299.895 (318.971) Employment termination benefits paid 23 (1.691.620) (2.645.496) Interest paid (28.922.923) (25.072.653) Net cash provided/(used in) by operating activities 34.387.796 (24.134.669) Investing activities: Acquisition of subsidiary 32 (5.500.000) - Purchase of property, plant and equipment and intangible assets 19, 20 (22.601.585) (5.760.458) Proceeds from the sale of property, plant and equipment 6.665.009 882.155 Purchase of financial assets - (1.657.000) Interest received 130.661 10.682 Net cash used in provided by financing activities (21.305.915) (6.524.621) Financing activities: Increase in capital and share premiums 25 58.344.396 - (Decrease)/Increase in financial liabilities (71.467.244) 30.877.950 Decrease in finance lease payables (29.120) (33.753) Net cash (used in)/ provided by financing activities (13.151.968) 30.844.197 Net increase/(decrease) in cash and cash equivalents (70.087) 184.907 Cash and cash equivalents at the beginning of the year 4 399.043 214.136 Cash and cash equivalents at the end of the year 4 328.956 399.043 The accompanying notes form an integral part of these financial statements. 4

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY AT 31 DECEMBER 2007 AND 2006 Financial Inflation Retained losses assets adjustment to and net income Total Share Share fair value shareholders Extraordinary Legal and /(loss) for the shareholders capital premium reserve Equity reserves special reserves period Equity Balances at 1 January 2006 86.041.814-952.913 196.550.824-60.404 (189.775.347) 93.830.608 Retained losses offset - - - (119.410.545) - - 119.410.545 - Financial assets fair value decrease - - (1.817.499) - - - - (1.817.499) Net loss for the period - - - - - (19.497.144) (19.497.144) Balances at 31 December 2006 86.041.814 - (864.586) 77.140.279-60.404 (89.861.946) 72.515.965 Balances at 1 January 2007 86.041.814 - (864.586) 77.140.279-60.404 (89.861.946) 72.515.965 Capital increase 49.958.186 9.131.884 - - (745.674) - - 58.344.396 Net income for the period - - - - - - 11.028.934 11.028.934 Balances at 31 December 2007 136.000.000 9.131.884 (864.586) 77.140.279 (745.674) 60.404 (78.833.012) 141.889.295 The accompanying notes form an integral part of these financial statements. 5