VESTEL BEYAZ EŞYA SANAYİ VE TİCARET ANONİM ŞİRKETİ
CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD 1 JANUARY - 30 JUNE 2021 (TOGETHER WITH INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT)
(ORIGINALLY ISSUED IN TURKISH)
VESTEL BEYAZ EŞYA SANAYİ VE TİCARET ANONİM ŞİRKETİ
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
FOR THE INTERIM PERIOD 1 JANUARY - 30 JUNE 2021
CONTENTS | PAGE | |
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)............... | 1-5 | |
CONDENSED INTERIM STATEMENTS OF PROFIT OR LOSS AND OTHER | ||
COMPREHENSIVE INCOME ................................................................................................................................... | 6-7 | |
CONDENSED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY ................. | 8 | |
CONDENSED INTERIM STATEMENTS OF CASH FLOWS ........................................................................ | 9-11 | |
NOTES TO THE CONDENSED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD 1 JANUARY | ||
- 30 JUNE 2021 | ||
NOTE 1 | COMPANY'S ORGANISATION AND NATURE OF OPERATIONS ........................................................... | 12 |
NOTE 2 | BASIS OF PRESENTATION OF FINANCIAL STATEMENTS....................................................................... | 12-30 |
NOTE 3 | SEGMENT REPORTING ........................................................................................................................................................ | 30-31 |
NOTE 4 | CASH AND CASH EQUIVALENTS.................................................................................................................................. | 31 |
NOTE 5 | FINANCIAL LIABILITIES...................................................................................................................................................... | 32-34 |
NOTE 6 | RELATED PARTY DISCLOSURES.................................................................................................................................. | 34-36 |
NOTE 7 | TRADE RECEIVABLES AND PAYABLES .................................................................................................................. | 37 |
NOTE 8 | OTHER RECEIVABLES........................................................................................................................................................... | 38 |
NOTE 9 | INVENTORIES.............................................................................................................................................................................. | 38-39 |
NOTE 10 | PREPAID EXPENSES............................................................................................................................................................... | 39 |
NOTE 11 | PROPERTY, PLANT AND EQUIPMENT .................................................................................................................... | 40-42 |
NOTE 12 | RIGHT OF USE ASSETS.......................................................................................................................................................... | 43 |
NOTE 13 | INTANGIBLE ASSETS............................................................................................................................................................. | 44-45 |
NOTE 14 | PROVISIONS, CONTINGENT ASSETS AND LIABILITIES............................................................................. | 45-47 |
NOTE 15 | COMMITMENTS......................................................................................................................................................................... | 47 |
NOTE 16 | EMPLOYEE BENEFITS .......................................................................................................................................................... | 48-49 |
NOTE 17 | OTHER ASSETS AND LIABILITIES............................................................................................................................... | 49 |
NOTE 18 | CAPITAL, RESERVES AND OTHER EQUITY ITEMS........................................................................................ | 50-52 |
NOTE 19 | REVENUE......................................................................................................................................................................................... | 53 |
NOTE 20 | EXPENSES BY NATURE........................................................................................................................................................ | 53 |
NOTE 21 | GENERAL ADMINISTRATIVE EXPENSES, MARKETING EXPENSES, RESEARCH | |
AND DEVELOPMENT EXPENSES ................................................................................................................................. | 54 | |
NOTE 22 | OTHER INCOME AND EXPENSE FROM OPERATING ACTIVITIES..................................................... | 55 |
NOTE 23 | FINANCE INCOME AND FINANCE EXPENSE ...................................................................................................... | 55-56 |
NOTE 24 | TAXES ON INCOME (INCLUDING DEFERRED TAX ASSETS AND LIABILITIES) ..................... | 56-59 |
NOTE 25 | EARNINGS PER SHARE......................................................................................................................................................... | 59 |
NOTE 26 | DERIVATIVE INSTRUMENTS .......................................................................................................................................... | 60 |
NOTE 27 | FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT............................................... | 60-64 |
NOTE 28 | SUBSEQUENT EVENTS......................................................................................................................................................... | 64 |
1
VESTEL BEYAZ EŞYA SANAYİ VE TİCARET ANONİM ŞİRKETİ
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS OF 30 JUNE 2021 AND 31 DECEMBER 2020
(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise indicated.)
Reviewed | Audited | ||||
Notes | 30 June 2021 | 31 December 2020 | |||
ASSETS | |||||
CURRENT ASSETS | |||||
Cash and Cash Equivalents | 4 | 39.354 | 216.011 | ||
Trade Receivables | 4.239.301 | 3.285.995 | |||
Trade Receivables Due From Related Parties | 6, 7 | 4.212.640 | 3.280.987 | ||
Trade Receivables Due From Third Parties | 7 | 26.661 | 5.008 | ||
Other Receivables | 1.792.010 | 1.086.150 | |||
Other Receivables Due From Related Parties | 6 | 1.452.229 | 855.935 | ||
Other Receivables Due From Third Parties | 8 | 339.781 | 230.215 | ||
Derivative Financial Instruments | 38.313 | 18.830 | |||
Derivative Financial Instruments Held for Trading | 26 | 7.824 | 18.543 | ||
Derivative Financial Instruments Held for Hedging | 26 | 30.489 | 287 | ||
Inventories | 9 | 1.990.210 | 952.552 | ||
Prepayments | 111.016 | 53.422 | |||
Prepayments to Third Parties | 10 | 111.016 | 53.422 | ||
Other Current Assets | 9.511 | 3.812 | |||
Other Current Assets Due From Third Parties | 17 | 9.511 | 3.812 | ||
TOTAL CURRENT ASSETS | 8.219.715 | 5.616.772 |
The accompanying notes are an integral part of these condensed interim financial statements.
2
VESTEL BEYAZ EŞYA SANAYİ VE TİCARET ANONİM ŞİRKETİ
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS OF 30 JUNE 2021 AND 31 DECEMBER 2020
(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise indicated.)
Reviewed | Audited | ||||
Notes | 30 June 2021 | 31 December 2020 | |||
NON-CURRENT ASSETS | |||||
Other Receivables | 11.519 | 4.500 | |||
Other Recevables Due From Third Parties | 8 | 11.519 | 4.500 | ||
Property, Plant and Equipment | 2.283.735 | 2.190.304 | |||
Lands | 11 | 503.898 | 503.898 | ||
Land Improvements | 11 | 49.040 | 49.957 | ||
Buildings | 11 | 638.603 | 643.223 | ||
Machinery and Equipment | 11 | 972.301 | 919.610 | ||
Vehicles | 11 | 302 | 366 | ||
Furnitures and Fixtures | 11 | 41.718 | 36.413 | ||
Leasehold Improvements | 11 | 4.693 | 4.688 | ||
Construction in Progress | 11 | 73.180 | 32.149 | ||
12 | 148.285 | 148.920 | |||
Right of Use Assets | |||||
Intangible Assets | 236.156 | 216.439 | |||
Other Rights | 13 | 170 | 180 | ||
Capitalized Development Costs | 13 | 218.173 | 202.424 | ||
Other Intangible Assets | 13 | 17.813 | 13.835 | ||
Prepayments | 102.522 | 53.056 | |||
Prepayments to Third Parties | 10 | 102.522 | 53.056 | ||
TOTAL NON-CURRENT ASSETS | 2.782.217 | 2.613.219 | |||
TOTAL ASSETS | 11.001.932 | 8.229.991 | |||
The accompanying notes are an integral part of these condensed interim financial statements.
3
VESTEL BEYAZ EŞYA SANAYİ VE TİCARET ANONİM ŞİRKETİ
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS OF 30 JUNE 2021 AND 31 DECEMBER 2020
(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise indicated.)
Reviewed | Audited | ||||
Notes | 30 June 2021 | 31 December 2020 | |||
LIABILITIES | |||||
CURRENT LIABILITIES | |||||
Short-term Borrowings | 745.928 | 998.969 | |||
Short-term Borrowings from Related Parties | 2.258 | 16.181 | |||
5,6 | 2.258 | 16.181 | |||
Lease Liabilities | |||||
Short-term Borrowings From Third Parties | 743.670 | 982.788 | |||
Bank Loans | 5 | 709.455 | 960.540 | ||
Lease Liabilities | 5 | 30.792 | 22.248 | ||
Issued debt instruments | 5 | 3.423 | - | ||
Short-term Portion of Long-term Borrowings | 93.529 | 234.294 | |||
Short-term Portion of Long-term Borrowings from Third | |||||
Parties | 93.529 | 234.294 | |||
Bank Loans | 5 | 93.529 | 234.294 | ||
Trade Payables | 4.423.151 | 2.874.941 | |||
Trade Payables to Related Parties | 6 | 254.523 | 188.142 | ||
Trade Payables to Third Parties | 7 | 4.168.628 | 2.686.799 | ||
Employee Benefit Obligations | 16 | 75.832 | 54.166 | ||
Other Payables | 1.118.981 | 206.285 | |||
Other Payables to Related Parties | 6 | 1.118.981 | 206.285 | ||
Derivative Financial Instruments | 30.441 | 48.839 | |||
Derivative Financial Instruments Held for Trading | 26 | 28.938 | 11.743 | ||
Derivative Financial Instruments Held for Hedging | 26 | 1.503 | 37.096 | ||
Current Tax Liabilities | 24 | 2.637 | 2.432 | ||
Current Provisions | 10.320 | 9.674 | |||
Other Current Provisions | 14 | 10.320 | 9.674 | ||
Other Current Liabilities | 51.752 | 29.075 | |||
Other Current Liabilities to Third Parties | 17 | 51.752 | 29.075 | ||
TOTAL CURRENT LIABILITIES | 6.552.571 | 4.458.675 | |||
The accompanying notes are an integral part of these condensed interim financial statements.
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Vestel Beyaz Esya Sanayi ve Ticaret AS published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:54:54 UTC.