GOZDE GIRISIM SERMAYESI YATIRIM ORTAKLIGI GÖZDE GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş.
01.01.2023 - 30.06.2023 Interim Report
CONVENIENCE TRANSLATION INTO ENGLISH OF
INDEPENDENT AUDITOR'S REVIEW REPORT ON SEMI-ANNUAL REPORT
ORIGINALLY ISSUED IN TURKISH
To the General Assembly Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş.
We have been assigned to the review whether the financial information in the review report of Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. (the "Company") prepared as at 30 June 2023 is consistent with the reviewed interim condensed financial information. Management is responsible for the preparation of the semi-annual report. Our responsibility is to express a conclusion on whether the financial information provided in the semi-annual report is consistent with the reviewed interim condensed financial information on which we have expressed our conclusion dated 4 August 2023.
We conducted our review in accordance with the Standard on Review Engagements ("SRE") 2410 "Review on Interim Financial Information Performed by the Independent Auditor of the Entity". Our review includes the assessment as to whether the financial information included in the semi-annual report is consistent with the reviewed interim condensed financial statements and other explanatory notes.
A review is substantially less in scope than an audit conducted in accordance with Independent Auditing Standards, the objective of which is to express an opinion on the financial statements. Consequently, a review on the semi-annual financial information does not provide assurance that the audit firm will be aware of all significant matters which would have been identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review, nothing has come to our attention that causes us to conclude that the accompanying financial information included in the review report is not consistent, in all material respects, with the interim financial information and the information presented in the explanatory notes to interim condensed financial statements.
PwC Bağımsız Denetim ve
Serbest Muhasebeci Mali Müşavirlik A.Ş.
Mert Tüten, SMMM
Partner
Istanbul, 4 August 2023
PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.
BJK Plaza, Süleyman Seba Caddesi No:48 B Blok Kat:9 Akaretler Beşiktaş 34357 İstanbul-Turkey
T: +90 212 326 6060, F: +90 212 326 6050, www.pwc.com.tr | Mersis Numaramız: 0-1460-0224-0500015 |
TABLE OF CONTENTS
- GENERAL INFORMATION
- INFORMATION ON THE COMPANY PORTFOLIO
- SUMMARIZED FINANCIAL INDICATORS
IV. SIGNIFICANT DEVELOPMENTS WITHIN THE PERIOD
- SIGNIFICANT DEVELOPMENTS IN THE AFTERMATH OF THE PERIOD VI. ADMINISTRATIVE ACTIVITIES
VII. OTHER REMARKS
- GENERAL INFORMATION
Report Period | 01.01.2023 - 30.06.2023 | ||
Trade Name | Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. | ||
Foundation Headquarters / | Istanbul / 22.01.2010 | ||
Foundation Date | |||
Paid-in Capital | TRY 385,000,000 | ||
Authorized Capital Ceiling | TRY 2,000,000,000 | ||
Trade Registry Center / Registry No | Istanbul / 722576 | ||
BIST Trading Code | GOZDE | ||
Web Address | www.gozdegirisim.com.tr | ||
Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. (Gözde Girişim Sermayesi/Company/Partnership) is a public joint stock company established to operate a portfolio consisting of venture capital investments, capital market instruments and other assets and rights to be determined by the Board within the procedures and principles set out in the Capital Markets Board's (CMB/Board) Communiqué on Venture Capital Investment Trusts (VCIT) (Communiqué III - 48.3).
Gözde Girişim Sermayesi has been founded by the shareholders of the FFK Fon Finansal Kiralama A.Ş. (FFK) on 22 January 2010 under the trade name Gözde Finansal Hizmetler A.Ş (Gözde Finansal) through the partial spin-off of Türkiye Finans Katılım Bankası A.Ş (TFKB) shares that are presented as assets held for sale in the financial statements of FFK Fon Finansal Kiralama A.Ş. and Kaynak Finansal Kiralama A.Ş. (Kaynak Finansal) shares that are among the subsidiaries of FFK and as capital in kind. With the aforementioned partial spin-off, the Company became publicly traded and disclosed its financial statements to the CMB and Istanbul Stock Exchange (BIST) for the first time on 31 March 2010.
With the resolution of the Board of Directors dated 13.12.2010, Gözde Finansal applied to the CMB for transformation into Venture Capital Investment Trust (VCIT), transition to the registered capital system, capital increase, and obtaining a portfolio management license. In the CMB's weekly bulletin dated 25.03.2011 and numbered 2011/12, Gözde Finansal's application for transformation into a VCIT with the title 'Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş.' and issuance of a portfolio management activity authorization certificate were announced to the public. On 28 July 2011, following the capital increase realized between 11-25 July 2011, the transformation of Gözde Finansal into a VCIT was completed with the registration of the amendment to the articles of association with the Trade Registry.
As of 30.06.2023, Gözde Girişim Sermayesi's free-floating share ratio as per the principles followed by Merkezi Kayıt Kuruluşu A.Ş. (Central Securities Depository) is 30.40%. The Company's shares have been traded on the BIST since 25 January 2010. The stock exchange trading code of the Company's shares is GOZDE. The shareholding structure of the Company as of 30.06.2023 is presented below. There are no privileged shares.
Share | Share | |||
capital (%) | 30 June 2023 | capital (%) | 31 December 2022 | |
Kökler Yatırım Holding A.Ş. | 29,73 | 114.466.300 | 29,73 | 114.466.300 |
Yıldız Holding A.Ş. | 22,78 | 87.719.769 | 22,78 | 87.719.769 |
Üs Holding A.Ş.(*) | - | - | 15,43 | 59.409.903 |
Şükran Danışmanlık ve Yönetim A.Ş. | 5,14 | 19.803.301 | - | - |
İhsaniye Danışmanlık ve Yönetim A.Ş. | 5,14 | 19.803.301 | - | - |
Clarastra Danışmanlık ve Yönetim A.Ş. | 5,14 | 19.803.301 | - | - |
Franklin Templeton Luxembourg SA | 5,00 | 19.250.000 | 5,00 | 19.250.000 |
Other | 27,07 | 104.154.028 | 27,07 | 104.154.028 |
Nominal Capital | 100 | 385.000.000 | 100 | 385.000.000 |
- Through the full division of Üs Holding A.Ş., 3 new companies, İhsaniye Danışmanlık ve Yönetim A.Ş. , Clarastra Danışmanlık ve Yönetim A.Ş. and Şükran Danışmanlık ve Yönetim A.Ş. have been established.
The registered office of the Company is located at Kısıklı Mahallesi Çeşme Çıkmazı Sokak Yıldız Holding Apt. No:6/1 Üsküdar Istanbul. The Company does not have any branch offices. As of 30.06.2023, the total number of personnel of the Company is 4.
II. INFORMATION ON THE COMPANY PORTFOLIO
Gözde Girişim Sermayesi is a publicly traded company established to invest in venture companies and projects with development potential and in need of resources and structuring.
Gözde Girişim Sermayesi aims to invest in non-food companies in need of financial and operational restructuring, promising relatively quick returns and high financial returns. The Company has adopted the principle of making efficient use of the strategic advantages, know-how and specialized resources
that Yıldız Holding has developed over many years. The current investment portfolio reflects this strategy. The financial assets included in the investment portfolio of Gözde Girişim Sermayesi as of
30.06.2023 and their share ratios are as follows;
Place of | Share | ||||||
Establishment and | Field of Activity | ||||||
Ratio (%) | |||||||
Operation | |||||||
Finance | |||||||
Türkiye Finans Katılım Bankası A.Ş. | Turkey | 10.57 | Participation Banking | ||||
Kuveyt Türk Katılım Bankası A.Ş. | Turkey | <1 | Participation Banking | ||||
Retail | |||||||
Şok Marketler Ticaret A.Ş. | Turkey | 23.66 | Discount Markets | ||||
Flo Mağazacılık ve Pazarlama A.Ş. | Turkey | 11.5 | Footwear Retail | ||||
Manufacturing Industry | |||||||
Makina Takım Endüstrisi A.Ş. | Turkey | 14.6 | Industry Products | ||||
FMCG | |||||||
Azmüsebat Çelik Sanayi ve Ticaret A.Ş. | Turkey | 97.61 | Fast Moving Consumer Goods | ||||
Wholesale Trade | |||||||
Penta Teknoloji Ürünleri Dağıtım Ticaret A.Ş. | Turkey | 32.21 | Distribution of Technological | ||||
Products | |||||||
Packaging | |||||||
Polinas Plastik Sanayii ve Ticareti A.Ş. | Turkey | 99.00 | Packaging | ||||
Technology Investments | |||||||
Gözde Tech Ventures Teknoloji Yatırımları A.Ş. | Turkey | 100 | Technology Investments | ||||
Fund Participation Shares | |||||||
İstanbul Portföy Yıldız Serbest Özel Fon | Turkey | Free Umbrella Fund |
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Disclaimer
Gozde Girisim Sermayesi Yatirim Ortakligi AS published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 09:20:09 UTC.
