EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY - 30 SEPTEMBER 2022
(CONVENIENCE TRANSLATION OF
THE FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. AND ITS SUBSIDARIES
INDEX | PAGE |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION …………………………………… | 1-2 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS | |
AND OTHER COMPREHENSIVE INCOME…………………………………………………………………… | 3 |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY……………………………………… | 4 |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS……………………………………………… | 5 |
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS………………………………… | 6-43 |
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 30 SEPTEMBER 2022 AND 31 DECEMBER 2021
(Amounts are expressed in thousand Turkish Lira ("TL") unless otherwise stated.)
Not | |||
Reviewed | Audited | ||
30 September | 31 December | ||
Notes | 2022 | 2021 | |
ASSETS | |||
Current assets | 34,735,146 | 26,113,218 | |
Cash and cash equivalents | 4 | 3,530,822 | 3,728,285 |
Financial investments | 5 | - | 500 |
Trade receivables | 7 | 3,092,998 | 2,794,039 |
Trade receivables due from related parties | 22 | - | 15,261 |
Trade receivables due from third parties | 3,092,998 | 2,778,778 | |
Other receivables | 565,882 | 554,742 | |
Other receivables due from related parties | 22 | - | 182 |
Other receivables due from third parties | 8 | 565,882 | 554,560 |
Inventories | 9 | 26,185,876 | 17,853,446 |
Prepaid expenses | 691,749 | 977,233 | |
Prepaid expenses to third parties | 14 | 691,749 | 977,233 |
Other current assets | 13 | 667,819 | 204,973 |
Non-current assets | 4,606,262 | 4,647,234 | |
Trade receivables | 7 | 3,550,728 | 3,630,723 |
Trade receivables due from third parties | 3,550,728 | 3,630,723 | |
Other receivables | 8 | 12,034 | 11,473 |
Other receivables due from third parties | 12,034 | 11,473 | |
Financial investments | - | 842 | |
Investments accounted for using equity method | 3 | 841 | - |
Investment properties | 10 | 749,863 | 843,675 |
Right-of-use assets | 6,849 | 180 | |
Property, plant and equipment | 11 | 247,867 | 152,613 |
Intangible assets | 28,963 | 5,028 | |
Deferred tax assets | 21 | 9,117 | 2,700 |
Total assets | 39,341,408 | 30,760,452 |
The accompanying notes form an integral part of these condensed consolidated financial statements.
1
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 30 SEPTEMBER 2022 AND 31 DECEMBER 2021
(Amounts are expressed in thousand Turkish Lira ("TL") unless otherwise stated.)
Not | |||
Reviewed | Audited | ||
30 September | 31 December | ||
Notes | 2022 | 2021 | |
LIABILITIES AND EQUITY | |||
Current liabilities | 18,912,624 | 12,838,385 | |
Short-term borrowings | 6 | 990,667 | 1,580,733 |
Short-term portions of long-term borrowings | 6 | 1,322,784 | 1,179,002 |
Short-term portion of long-term borrowings from related parties | |||
Lease liabilities | 6 | 1,741 | 4,508 |
Short-term portion of long-term borrowings | |||
Bank Loans | 6 | 1,321,043 | 1,174,494 |
Trade payables | 7 | 2,300,058 | 2,006,203 |
Trade payables due to related parties | 22 | 997,947 | 503,948 |
Trade payables due to third parties | 1,302,111 | 1,502,255 | |
Other payables | 8 | 597,090 | 196,047 |
Other payables to related parties | 22 | 590 | 587 |
Other payables to third parties | 596,500 | 195,460 | |
Deferred income | 14 | 13,428,125 | 7,695,649 |
Deferred income from related parties | 22 | - | 255,424 |
Deferred income from third parties | 13,428,125 | 7,440,225 | |
Current tax liabilities | 21 | 57 | 7,492 |
Short-term provisions | 273,843 | 173,259 | |
Short-term provisions for employee benefits | 29,470 | 17,109 | |
Other short-term provisions | 12 | 244,373 | 156,150 |
Non-current liabilities | 2,976,436 | 2,175,180 | |
Long-term borrowings | 2,789,824 | 2,030,678 | |
Long-term borrowings from related parties | 14,270 | 3,358 | |
Lease liabilities | 6 | 14,270 | 3,358 |
Long-term borrowings from third parties | 2,775,554 | 2,027,320 | |
Bank Loans | 6 | 2,775,554 | 2,027,320 |
Trade payables | 7 | - | 2,099 |
Trade payables due to third parties | - | 2,099 | |
Other payables | 8 | 117,109 | 89,537 |
Other payables to third parties | 117,109 | 89,537 | |
Deferred income | 14 | 9,745 | 4,738 |
Deferred income from third parties | 9,745 | 4,738 | |
Long-term provisions | 39,804 | 25,268 | |
Long-term provisions for employee benefits | 39,804 | 25,268 | |
Deferred tax liability | 21 | 19,954 | 22,860 |
Shareholders' equity | 17,452,348 | 15,746,887 | |
Total equity attributable to equity holders of the Company | 17,452,348 | 15,746,887 | |
Paid-in capital | 15 | 3,800,000 | 3,800,000 |
Treasury shares (-) | (296,231) | (296,231) | |
Share premium (discounts) | 2,366,895 | 2,366,895 | |
Other comprehensive income (expense) not to be | |||
reclassified to profit or loss | (42) | (42) | |
Gain (loss) on revaluation and | |||
remeasurement | (42) | (42) | |
Restricted reserves appropriated from profit | 882,670 | 789,174 | |
Retained earnings | 8,617,598 | 7,754,768 | |
Net profit for the year | 2,081,458 | 1,332,323 | |
Total liabilities and equity | 39,341,408 | 30,760,452 |
The accompanying notes form an integral part of these condensed consolidated financial statements.
2
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH INTERIM PERIOD ENDED 30 SEPTEMBER 2022 AND 2021
(Amounts are expressed in thousand Turkish Lira ("TL") unless otherwise stated.)
Not | Not | Not | Not | ||
Reviewed | Reviewed | Reviewed | Reviewed | ||
1 January- | 1 July- | 1 January- | 1 July- | ||
Notes | 30 September 2022 | 30 September 2022 | 30 September 2021 | 30 September 2021 | |
Revenue | 16 | 5,677,656 | 950,996 | 5,568,662 | 2,061,406 |
Cost of sales (-) | 16 | (2,588,697) | (312,575) | (4,070,152) | (1,449,471) |
Gross profit | 3,088,959 | 638,421 | 1,498,510 | 611,935 | |
General administrative expenses (-) | 17 | (589,951) | (215,018) | (327,768) | (97,184) |
Marketing expenses (-) | 17 | (97,710) | (33,877) | (53,797) | (19,316) |
Other income from operating activities | 18 | 720,682 | 377,079 | 499,360 | 159,764 |
Other expenses from operating activities (-) | 18 | (774,896) | (10,438) | (299,217) | (186,397) |
Share of losses from investments accounted for using equity method | - | - | - | - | |
Operating profit | 2,347,084 | 756,167 | 1,317,088 | 468,802 | |
Income from investing activities | 19 | 27,493 | 1,291 | 3,979 | - |
Operating profit before financial income / (expense) | 2,374,577 | 757,458 | 1,321,067 | 468,802 | |
Financial income | 20 | 388,264 | 163,531 | 104,260 | 30,691 |
Financial expenses (-) | 20 | (680,486) | (275,321) | (425,671) | (177,621) |
Profit from continuing operations, before tax | 2,082,355 | 645,668 | 999,656 | 321,872 | |
Tax (expense)/income from continuing operations | (897) | (1,328) | 16,687 | 8,740 | |
Current period tax expense | 21 | (10,220) | (80) | (4,662) | 4,431 |
Deferred tax income | 21 | 9,323 | (1,248) | 21,349 | 4,309 |
Net profit for the period | 2,081,458 | 644,340 | 1,016,343 | 330,612 | |
Profit for the period is attributable to: | |||||
Non-controlling interests | - | - | - | 6 | |
Owners of the Company | 2,081,458 | 644,340 | 1,016,343 | 330,606 | |
Total comprehensive income for the period | 2,081,458 | 644,340 | 1,016,343 | 330,612 | |
Total comprehensive income is attributable to: | |||||
Non-controlling interests | - | - | - | 6 | |
Owners of the Company | 2,081,458 | 644,340 | 1,016,343 | 330,606 | |
Earnings per share (in full TL) | 0.0057 | 0.0018 | 0.0028 | 0.0009 |
The accompanying notes form an integral part of these condensed consolidated financial statements.
3
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Emlak Konut Gayrimenkul Yatirim Ortakligi AS published this content on 07 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2022 16:53:05 UTC.