ENKA İNŞAAT VE SANAYİ
ANONİM ŞİRKETİ
AND ITS SUBSIDIARIES
Condensed Consolidated Interim Financial Statements as at and for the Six-Months Period Ended with Independent Auditor's Review Report
30 June 2022
TABLE OF CONTENTS | PAGE |
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION............................................ | 1-2 | |
CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS..................................................... | 3 | |
CONDENSED CONSOLIDATED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME.................... | 4 | |
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY............................................... | 5 | |
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS............................................................ | 6 | |
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS....................................... | 7-28 | |
NOTE 1 | ORGANIZATIONS AND OPERATIONS OF THE GROUP............................................................................. | 7 |
NOTE 2 | BASIS OF PRESENTATION OF CONDENSED CONSOLIDATED | |
FINANCIAL STATEMENTS ............................................................................................................................... | 8-14 | |
NOTE 3 | CHANGES IN OPERATIONAL SEASON........................................................................................................... | 14 |
NOTE 4 | SEGMENTAL INFORMATION .......................................................................................................................... | 15-19 |
NOTE 5 | CONSTRUCTION CONTRACTS......................................................................................................................... | 20 |
NOTE 6 | INVESTMENT PROPERTY................................................................................................................................... | 20 |
NOTE 7 | PROPERTY, PLANT AND EQUIPMENT........................................................................................................... | 20 |
NOTE 8 | COMMITMENTS................................................................................................................................................... | 21 |
NOTE 9 | RELATED PARTY BALANCES AND TRANSACTIONS............................................................................... | 22 |
NOTE 10 | SHARE CAPITAL AND RESERVES................................................................................................................... | 22 |
NOTE 11 | INVESTMENT INCOME / EXPENSES................................................................................................................ | 23 |
NOTE 12 | FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES............................................................. | 23-26 |
NOTE 13 | FINANCIAL INSTRUMENTS - FAIR VALUE EXPLANATIONS AND | |
ACCOUNTING POLICY FOR HEDGING FINANCIAL RISK.......................................................................... | 27-28 | |
NOTE 14 | SUBSEQUENT EVENTS ....................................................................................................................................... | 28 |
NOTE 15 | OTHER MATTERS THAT NEED TO BE DISCLOSED FOR THE FINANCIAL | |
STATEMENTS TO BE CLEAR AND UNDERSTOOD……………………………………………………… | 28 |
ENKA İNŞAAT VE SANAYİ A.Ş. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2022
(Amounts are expressed in thousands of U.S. Dollars ("USD") unless otherwise stated.)
Reviewed | Audited | ||||
30 June | 31 December | ||||
ASSETS | Note | 2022 | 2021 | ||
Current Assets | 3,775,566 | 5,106,690 | |||
Cash and cash equivalents | 1,293,084 | 2,061,707 | |||
Financial investments | 1,502,546 | 2,207,993 | |||
Trade receivables | 322,786 | 275,795 | |||
Other receivables | |||||
Other receivables from related parties | 2 | 2 | |||
Other receivables from third parties | 13,706 | 13,512 | |||
Inventories | 321,593 | 255,739 | |||
Prepaid expenses | 231,189 | 185,854 | |||
Costs and estimated earnings in excess of billings | |||||
on uncompleted contracts | 5 | 18,243 | 22,371 | ||
Other current assets | 52,835 | 63,417 | |||
3,755,984 | 5,086,390 | ||||
Assets held for sale | 19,582 | 20,300 | |||
Non-Current Assets | 4,871,968 | 3,995,644 | |||
Financial investments | 1,588,616 | 995,731 | |||
Trade receivables | - | 8,759 | |||
Investment properties | 6 | 2,424,671 | 2,030,204 | ||
Property, plant and equipment | 786,258 | 887,418 | |||
Intangible assets | |||||
Other intangible assets | 56,371 | 58,682 | |||
Deferred tax assets | 14,745 | 13,239 | |||
Prepaid expenses | 1,199 | 1,533 | |||
Other non-current assets | 108 | 78 | |||
TOTAL ASSETS | 8,647,534 | 9,102,334 | |||
The accompanying notes form an integral part of these condensed consolidated interim financial statements.
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Enka Insaat ve Sanayi AS published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 05:33:07 UTC.