CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
ORIGINALLY ISSUED IN TURKISH
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AT 1 JANUARY - 31 MARCH 2024
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONTENTS | PAGES |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 1-2 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS | 3 |
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME 4 | |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 5-6 |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW | 7-8 |
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | 9-51 |
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Unaudited | Audited | ||
Current Period | Prior Period | ||
ASSETS | Notes | 31 March 2024 | 31 December 2023 |
Current assets | 64,150,878 | 66,692,127 | |
Cash and cash equivalents | 5 | 9,499,121 | 13,949,230 |
Financial investments | 6 | 27,235,693 | 25,595,724 |
Trade receivables | |||
- Due from related parties | 20 | 17,575 | 17,978 |
- Due from non-related parties | 8 | 6,836,555 | 6,208,532 |
Receivables from finance sector operations | |||
- Due from related parties | 20 | 103,946 | 41,770 |
- Due from non-related parties | 5,969,763 | 5,454,383 | |
Balances with the Central Bank of | |||
the Republic of Turkey | 124,778 | 176,894 | |
Other receivables | |||
- Due from non-related parties | 649,744 | 647,009 | |
Inventories | 9 | 9,011,379 | 9,309,296 |
Prepaid expenses | 2,508,810 | 2,480,596 | |
Derivative instruments | 299,497 | 234,851 | |
Biological assets | 49,763 | 67,822 | |
Assets related to current tax | 35,679 | 107,716 | |
Other current assets | 1,808,575 | 2,400,326 | |
Subtotal | 64,150,878 | 66,692,127 | |
Non-current assets | 40,781,803 | 40,797,690 | |
Other receivables | |||
- Due from non-related parties | 50,344 | 55,379 | |
Financial investments | 6 | 2,234,003 | 2,152,036 |
Investments accounted for | |||
by the equity method | 2,242,244 | 2,599,418 | |
Investment properties | 10 | 6,305,217 | 6,275,661 |
Property, plant and equipment | 11 | 14,363,647 | 13,487,408 |
Intangible assets | |||
- Other intangible assets | 11 | 10,742,287 | 10,832,083 |
- Goodwill | 1,427,060 | 1,427,060 | |
Rights of use assets | 1,262,176 | 1,318,969 | |
Prepaid expenses | 693,822 | 1,348,875 | |
Derivative instruments | 104,338 | 126,660 | |
Deferred tax asset | 958,739 | 1,085,827 | |
Other non-current assets | 397,926 | 88,314 | |
Total assets | 104,932,681 | 107,489,817 |
The condensed consolidated financial statements as of and for the period ended 31 March 2024 have been approved by the Board of Directors on 13 June 2024.
The accompanying notes are an integral part of these condensed consolidated financial statements.
1
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Unaudited | Audited | ||
Current Period | Prior Period | ||
LIABILITIES | Notes | 31 March 2024 | 31 December 2023 |
Short-term liabilities | 33,115,629 | 33,115,665 | |
Short-term borrowings | |||
- Short-term borrowings from non-related parties | |||
- Bank borrowings | 7 | 15,398,802 | 12,840,549 |
- Issued debt instruments | 7 | 701,839 | 3,171,880 |
Short-term portion of long- term borrowings | |||
- Short-term portion of long term borrowings from related parties | |||
- Lease borrowings | 7, 20 | 8,519 | 18,066 |
- Short-term portion of long- term borrowings from non-related parties | |||
- Bank borrowings | 7 | 1,346,601 | 1,688,667 |
- Lease borrowings | 7 | 518,775 | 340,672 |
Other financial liabilities | 640,821 | 449,314 | |
Trade payables | |||
- Due to related parties | 20 | 6,377 | 11,780 |
- Due to non-related parties | 8 | 2,661,646 | 3,346,553 |
Payables from finance sector operations | |||
- Due to non-related parties | 1,149,175 | 891,813 | |
Payables related to | |||
employee benefits | 471,261 | 629,176 | |
Deferred income (Except obligations arising from customer contracts) | |||
- Deferred income from related parties | 157,804 | 100,228 | |
- Deferred income from non-related parties | |||
(Except obligations arising from customer contracts) | 635,180 | 657,471 | |
Derivative instruments | 63,141 | 60,993 | |
Other payables | |||
- Due to related parties | 551 | - | |
- Due to non-related parties | 452,007 | 711,644 | |
Current income tax liability | 339,644 | 121,964 | |
Short-term provisions | |||
- Short-term provisions for employment benefits | 302,642 | 305,373 | |
- Other short-term provisions | 12 | 8,058,213 | 7,708,720 |
Other short term liabilities | 202,581 | 60,802 | |
Subtotal | 33,115,629 | 33,115,665 | |
Long-term liabilities | 9,892,308 | 10,747,887 | |
Long-term borrowings | |||
- Long-term borrowings from related parties | |||
- Lease borrowings | 7, 20 | 2,703 | 3,909 |
- Long -term borrowings from non-related parties | |||
- Bank borrowings | 7 | 4,851,333 | 5,453,389 |
- Lease borrowings | 7 | 298,976 | 517,458 |
- Trade payables from non-related parties | 6,036 | - | |
Other payables | |||
- Due to non-related parties | 13,818 | 27,331 | |
Deferred income (Except obligations arising from customer contracts) | |||
- Deferred income from non-related parties | |||
(Except obligations arising from customer contracts) | 1,739 | 113,885 | |
Obligations arising from customer contracts | 6,058 | - | |
Long-term provisions | |||
- Long-term provisions for employment benefits | 543,110 | 591,878 | |
Derivative Instruments | - | 3,491 | |
Deferred tax liability | 4,168,535 | 4,036,546 | |
EQUITY | 61,924,744 | 63,626,265 | |
Equity attributable to equity holders of the parent company | 54,181,876 | 55,721,645 | |
Share capital | 14 | 2,616,996 | 2,616,996 |
Adjustments to share capital | 14 | 38,192,944 | 38,192,944 |
Repurchased shares (-) | 14 | (413,137) | (260,997) |
Share premiums (discounts) | 1,626,327 | 1,626,327 | |
Other comprehensive income (losses) that | |||
will not be reclassified in profit or loss | |||
- Gain (loss) on revaluation of tangible assets | 39,889 | - | |
- Actuarial gains (losses) on | |||
defined benefit plans | (134,673) | (146,288) | |
Shares not classified as profit or loss | |||
from other comprehensive income of investments accounted for by equity method | (10,527) | (11,975) | |
Other comprehensive income (losses) that | |||
will be reclassified in profit or loss | |||
- Change in currency translation reserves | 13,172,958 | 15,383,368 | |
- Gain (loss) on revaluation and reclassification | |||
of financial assets held for sale | (386,776) | (206,326) | |
Restricted reserves | 13,969,101 | 10,661,265 | |
Retained earnings or accumulated losses | (15,441,505) | (12,474,941) | |
Net profit or loss for the period | 950,279 | 341,272 | |
Non-controlling interests | 7,742,868 | 7,904,620 | |
Total liabilities | 104,932,681 | 107,489,817 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
2
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE PERIODS 1 JANUARY - 31 MARCH 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Unaudited | Unaudited | ||
Current Period | Prior Period | ||
1 January - | 1 January - | ||
Notes | 31 March 2024 | 31 March 2023 | |
Profit or Loss | |||
Revenue | 14,299,226 | 8,828,982 | |
Revenue From Finance Sector Operations | 3,331,414 | 3,200,745 | |
Total Revenue | 17,630,640 | 12,029,727 | |
Cost of Sales (-) | (12,527,853) | (7,924,973) | |
Cost of Finance Sector Operations (-) | (2,571,137) | (2,733,398) | |
Total Cost of Sales | (15,098,990) | (10,658,371) | |
Gross Profit (Loss) (Non-Finance) | 1,771,373 | 904,009 | |
Gross Profit (Loss) (Finance) | 760,277 | 467,347 | |
Gross Profit (Loss) | 2,531,650 | 1,371,356 | |
Research and Development Expenses (-) | (68,520) | (57,900) | |
General Administrative Expenses (-) | (700,666) | (539,923) | |
Marketing Expenses (-) | (1,020,473) | (564,242) | |
Other Income From Operating Activities | 15 | 1,664,673 | 647,533 |
Other Expenses From Operating Activities (-) | 15 | (459,205) | (496,959) |
Share of Gain (Loss) on Investments | |||
Accounted for by the Equity Method | 4 | (357,174) | (25,662) |
Operating Profit/(Loss) | 1,590,285 | 334,203 | |
Income from Investment Activities | 16 | 1,897,499 | 655,358 |
Operating Profit (Loss) Before Finance (Expense)/Income | 3,487,784 | 989,561 | |
Finance Expenses (-) | 17 | (2,054,406) | (779,616) |
Monetary Gain (Loss) | 118,459 | (444,938) | |
Profit (Loss) Before Taxation | |||
From Continued Operations | 1,551,837 | (234,993) | |
Tax Expense From Continued Operations | (604,025) | (879,550) | |
Tax Income/(Expense) for the Period | (319,051) | (213,746) | |
Deferred Tax Income/(Expense) | (284,974) | (665,804) | |
Profit/(Loss) For The Period From Continued Operations | 947,812 | (1,114,543) | |
Profit/(Loss) For The Period From Discontinued Operations | - | (283,305) | |
Profit/(Loss) For The Period From | 947,812 | (1,397,848) | |
Allocation of Profit/(Loss) For The Period | |||
Attributable to Non-Controlling Interests | (2,467) | (249,385) | |
Attributable to Equity Holders of the Parent Company | 950,279 | (1,148,463) | |
Gain/(Loss) Per Share Attributable to | |||
Equity Holders of the Parent Company | 19 | 0.3669 | (0.4434) |
The accompanying notes are an integral part of these condensed consolidated financial statements.
3
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE PERIODS 1 JANUARY - 31 MARCH 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Unaudited | Unaudited | |||
Current | Prior | |||
Period | Period | |||
1 January - | 1 January - | |||
Notes | 31 March | 31 March | ||
2024 | 2023 | |||
Profit For The Period | ||||
OTHER COMPREHENSIVE INCOME | 947,812 | (1,397,848) | ||
That will not be reclassified as profit or loss | ||||
Defined benefit plans re-measurement gains / (losses) | 38,719 | (114,177) | ||
Defined benefit plans re-measurement gains / (losses) | ||||
for investments valued with equity method | ||||
- Gain (loss) on revaluation of tangible assets | 77,936 | - | ||
Taxes on other comprehensive income that will | ||||
not be reclassified in profit or loss | ||||
- Tax effect of Gain (loss) on | ||||
revaluation of tangible assets | (19,484) | - | ||
- | Tax effect of actuarial gains (losses) | |||
on defined benefit plans | (9,680) | 28,544 | ||
That will be reclassified as profit or loss | ||||
Currency translation differences | (2,405,682) | (477,379) | ||
Gain/(loss) on revaluation and/or reclassification of financial assets available for | 7 | |||
sale | (238,669) | (304,144) | ||
Other comprehensive income (loss) related with cash flow edges | ||||
Taxes related to other comprehensive income | ||||
that will be reclassified as profit or loss | ||||
- Tax effect on revaluation and/or reclassification of financial assets available | ||||
for sale | 59,667 | 76,036 | ||
OTHER COMPREHENSIVE INCOME /(LOSS) | (2,497,193) | (791,120) | ||
TOTAL COMPREHENSIVE INCOME /(LOSS) | (1,549,381) | (2,188,966) | ||
Allocation of Total Comprehensive Income/(Loss) | ||||
Attributable to Non-Controlling Interests | (161,752) | (586,552) | ||
Attributable to Equity Holders of the Parent Company | (1,387,629) | (1,602,414) |
The accompanying notes are an integral part of these condensed consolidated financial statements.
4
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIODS 1 JANUARY - 31 MARCH 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Balance at 1 January 2024
Transfers
Transactions with non-controlling shareholders
Total comprehensive income/(loss)
Profit/(loss) for the period
Other comprehensive income/(loss)
- Currency translation differences
- Defined benefit plans re-measurement gains((losses)
- Revaluation increase fund of property, plant and equipment
- Change in financial asset revaluation fund
Balance at 31 March 2024
Accumulated other | |||||||||||||||
comprehensive income or loss | Accumulated other comprehensive | ||||||||||||||
that will not be reclassified to | income or loss that will be reclassified | ||||||||||||||
profit or loss | to profit or loss | Retained earnings | |||||||||||||
Shares not | |||||||||||||||
classified as | Gain/(loss) on | ||||||||||||||
Tangible | profit or loss | revaluation | Equity | ||||||||||||
Actuarial | from other | and/or | Retained | Net | attributable | ||||||||||
Adjustments | Assets | Currency | Non- | ||||||||||||
Share | Repurchased | gains/(losses) | comprehensive | Share | reclassification | Restricted | earnings/ | profit/(loss) | to equity | ||||||
Notes | to share | Valuation | translation | controlling | Equity | ||||||||||
Capital | shares | on defined | income of | premiums/discounts | of financial | reserves | accumulated | for the | holders of | ||||||
capital | Surplus | differences | interest | ||||||||||||
benefit plans | investments | assets | (losses) | period | the parent | ||||||||||
Fund | |||||||||||||||
accounted for | available for | company | |||||||||||||
by equity | sale | ||||||||||||||
method | |||||||||||||||
14 | 2,616,996 | 38,192,944 | (260,997) | - | (146,288) | (11,975) | 1,626,327 | (206,326) | 15,383,368 | 10,661,265 | (12,474,941) | 341,272 | 55,721,645 | 7,904,620 | 63,626,265 |
- | - | - | - | - | - | - | - | - | 3,155,696 | (2,814,424) | (341,272) | - | - | - | |
- | - | (152,140) | - | - | - | - | - | - | 152,140 | (152,140) | - | (152,140) | - | (152,140) | |
- | - | - | 39,889 | 11,615 | 1,448 | - | (180,450) | (2,210,410) | - | - | 950,279 | (1,387,629) | (161,752) | (1,549,381) | |
- | - | - | - | - | - | - | - | - | - | - | 950,279 | 950,279 | (2,467) | 947,812 | |
- | - | - | 39,889 | 11,615 | 1,448 | - | (180,450) | (2,210,410) | - | - | - | (2,337,908) | (159,285) | (2,497,193) | |
- | - | - | - | - | - | - | - | (2,210,410) | - | - | - | (2,210,410) | (195,272) | (2,405,682) | |
- | - | - | - | 11,615 | - | - | - | - | - | - | - | 11,615 | 17,424 | 29,039 | |
- | - | 39,889 | - | - | - | - | - | - | - | - | 39,889 | 18,563 | 58,452 | ||
- | - | - | - | - | 1,448 | - | (180,450) | - | - | - | - | (179,002) | - | (179,002) | |
14 | 2,616,996 | 38,192,944 | (413,137) | 39,889 | (134,673) | (10,527) | 1,626,327 | (386,776) | 13,172,958 | 13,969,101 | (15,441,505) | 950,279 | 54,181,876 | 7,742,868 | 61,924,744 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
5
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIODS 1 JANUARY - 31 MARCH 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Accumulated other comprehensive income or | Accumulated other comprehensive income or | ||||||||||||||
loss that will not be reclassified to profit or loss | loss that will be reclassified to profit or loss | Retained earnings | |||||||||||||
Equity | |||||||||||||||
Gain/(loss) on | attributable | ||||||||||||||
Actuarial | Shares not classified as profit or | revaluation and/or | Retained | Net | to equity | ||||||||||
Adjustments | gains/(losses) | loss from other comprehensive | reclassification of | Currency | earnings/ | profit/(loss) | holders of | Non- | |||||||
Share | to share | Repurchased | on defined | income of investments accounted | Share | financial assets | translation | Restricted | accumulated | for the | the parent | controlling | |||
Notes | Capital | capital | shares | benefit plans | for by equity method | premiums/discounts | available for sale | differences | reserves | (losses) | period | company | interest | Equity | |
Balance at 1 January 2023 | 14 | 2,616,938 | 38,192,928 | (249,496) | (104,540) | (5,367) | 1,626,327 | (586,136) | 6,985,635 | 9,344,673 | (10,614,976) | 267,092 | 47,473,078 | 10,875,537 | 58,348,615 |
Transfers | - | - | - | - | - | - | - | - | 1,316,592 | (1,049,500) | (267,092) | - | - | - | |
Dividends | - | - | - | - | - | - | - | - | - | (320,142) | - | (320,142) | - | (320,142) | |
Dividend advances paid during the | |||||||||||||||
period | - | - | - | - | - | - | - | - | - | - | - | - | 195,073 | 195,073 | |
Transactions with non-controlling | |||||||||||||||
shareholders | - | - | - | - | - | - | - | - | - | - | - | - | 102,401 | 102,401 | |
Total comprehensive income/(loss) | - | - | - | (64,264) | - | - | (228,108) | (161,581) | - | - | (1,148,463) | (1,602,416) | (586,552) | (2,188,968) | |
Profit/(loss) for the period | - | - | - | - | - | - | - | - | - | - | (1,148,463) | (1,148,463) | (249,385) | (1,397,848) | |
Other comprehensive income/(loss) | - | - | - | (64,264) | - | - | (228,108) | (161,581) | - | - | - | (453,953) | (337,167) | (791,120) | |
- Currency translation differences | - | - | - | - | - | - | - | (161,581) | - | - | - | (161,581) | (315,798) | (477,379) | |
- Defined benefit plans re-measurement | |||||||||||||||
gains(losses) | - | - | - | (64,264) | - | - | - | - | - | - | - | (64,264) | 21,369 | (85,633) | |
- Change in financial asset revaluation | |||||||||||||||
fund | - | - | - | - | - | - | (228,108) | - | - | - | - | (228,108) | - | (228,108) | |
Balance at 31 March 2023 | 14 | 2,616,938 | 38,192,928 | (249,496) | (168,804) | (5,367) | 1,626,327 | (814,244) | 6,824,054 | 10,661,265 | (11,984,618) | (1,148,463) | 45,550,520 | 10,586,459 | 56,136,979 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
6
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE PERIODS 1 JANUARY - 31 MARCH 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Unaudited | Unaudited | |||
Current Period | Prior Period | |||
1 January - | 1 January - | |||
Notes | 31 March 2024 | 31 March 2023 | ||
A. Net Cash From Operating Activities | 6,496,418 | 5,684,992 | ||
Profit/(loss) for the period | 1,099,952 | (1,397,847) | ||
Profit/(Loss) for the period from continued operations | 1,099,952 | (1,114,542) | ||
Profit/(Loss) for the period from discontinued operations | - | (283,305) | ||
Adjustments regarding reconciliation of net profit (loss) for the period | 5,338,679 | 5,619,138 | ||
Adjustments related to depreciation and amortization | 865,154 | 690,172 | ||
Adjustments related to Provisions | ||||
- Adjustments related to provisions for employee benefits | 20 | (61,179) | (12,385) | |
- Adjustments related to provisions (reversal) for lawsuits and/or penalty | 5,091 | (12,464) | ||
- Insurance technical provisions | 308,863 | 1,363,423 | ||
- Adjustments related to other provisions (reversals) | 35,539 | 18,250 | ||
Adjustments related to interest (income) and expenses | ||||
- Adjustments related to interest income | 17 | (689,405) | (866,705) | |
- Adjustments related to interest expenses | 17 | 1,403,917 | 651,602 | |
- Deferred financial expense due to purchases with maturity | 15 | 6,455 | 3,921 | |
- Unearned financial income due from sales with maturity | 15 | (54) | (10,258) | |
Adjustments related to changes in unrealised foreign exchange differences | 352,309 | (722,097) | ||
Adjustments related to fair value (gains) losses | (642,555) | 23,713 | ||
Adjustments related to losses (gains) on disposal of non-current assets | 16 | - | (4,147) | |
Adjustments related to retained earnings of investments accounted with the equity method | 357,174 | 25,662 | ||
Adjustments related to tax income (expense) | 604,025 | 867,351 | ||
Monetary Gain/Loss | 2,793,345 | 3,603,100 | ||
Changes in working capital | (524,566) | 1,428,850 | ||
Decrease (increase) in the balances with the Central Bank ,of the Republic of Turkey | 52,116 | (53,936) | ||
Decrease (increase) in receivables from finance sector operations | (577,556) | - | ||
Adjustments for decrease/(increase) in inventories | 297,917 | 2,071,621 | ||
Adjustments for decrease/(increase) in trade receivables | ||||
- | (Increase)/decrease in trade receivables from related parties | 403 | (11,810) | |
- | (Increase)/decrease in trade receivables from non-related parties | (627,969) | 1,010,092 | |
Increase (decrease) in payables due to employee benefits | (157,915) | (65,804) | ||
Adjustments regarding decrease/(increase) in other receivables on operations | ||||
- (Increase)/decrease in Other receivables regarding operations with related parties | 5,035 | - | ||
- (Increase)/decrease in Other receivables regarding operations with non-related parties | (2,735) | 296,611 | ||
Adjustments regarding increase/(decrease) in trade payables | ||||
- Increase/(decrease) in trade payables to related parties | (5,403) | 2,559,798 | ||
- Increase/(decrease) in trade payables to non-related parties | (685,326) | (1,889,336) | ||
Receivables from finance sector operations | - | (310,206) | ||
Decrease (increase) in receivables from finance sector operations | 257,362 | (168,494) | ||
Adjustments regarding increase/(decrease) in other payables on operations | ||||
- Increase/(decrease) in other payables to related parties | 551 | 9,651 | ||
- Increase/(decrease) in other payables to non-related parties | (273,150) | 624,966 | ||
Adjustments for other increase/(decrease) in working capital | ||||
- (Increase)/decrease in other assets regarding operations | 927,037 | (2,591,731) | ||
- Increase/(decrease) in other liabilities regarding operations | 262,533 | (52,572) | ||
Net Cash From Operating Activities | 5,911,531 | 5,650,141 | ||
Income tax refunds (payments) | (5,369) | (418,233) | ||
Interest received | 590,256 | 453,014 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
7
DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE PERIODS 1 JANUARY - 31 MARCH 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") with the purchase power of 31 March 2024, unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)
Notes
B. Net Cash From Investing Activities
Cash inflow due to sale of property, plant, equipment and intangible assets
Cash outflows from purchase of property, plant, equipment and intangible assets
Cash inflows from sales of other parties or funds
Cash outflows for the purchase of other parties or funds
Cash inflows from sales that do not result in loss of control of subsidiaries Dividend payments of subsidiaries outside the group
Other cash inflows/(outflows)
C. Net Cash from Financing Activities
Proceeds from borrowings, net
-
Cash inflows from borrowings Interest paid
Cash outflows from discontinued operations
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE THE EFFECT OF CURRENCY TRANSLATION RESERVES (A+B+C)
D. THE EFFECT OF CURRENCY TRANSLATION RESERVES ON CASH AND CASH EQUIVALENTS
MONETARY GAIN/(LOSS) OVER CASH AND CASH EQUIVALENTS | |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | |
(A+B+C+D) | |
E. CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE | |
PERIOD | 5 |
F. CASH AND CASH EQUIVALENTS AT THE END OF THE | |
PERIOD (A+B+C+D+E) | 5 |
Unaudited | Unaudited |
Current Period | Prior Period |
1 January - | 1 January - |
31 March 2024 | 31 March 2023 |
(6,780,431) | (3,436,907) |
500,924 | 245,702 |
(2,362,542) | (1,155,991) |
1,999,166 | 2,103,384 |
(4,613,401) | (4,927,476) |
(152,140) | 102,401 |
- 195,073
(2,152,438)-
(129,515) (4,645,693)
1,121,559 (1,745,342)
(1,251,073) (492,655)
- (2,407,696)
(413,527) (2,406,678)
(2,210,410) (161,581)
(1,826,172) (3,246,477)
(4,450,109) (5,814,736)
13,949,230 13,365,529
9,499,121 7,550,793
The accompanying notes are an integral part of these condensed consolidated financial statements.
8
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Dogan Sirketler Grubu Holding AS published this content on 14 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2024 22:53:07 UTC.