EMLAK KONUT GAYRIMENKUL YATIRIM ORTAKLIGI EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
CONDENSED STANDALONE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY - 31 MARCH 2023
(CONVENIENCE TRANSLATION OF THE REPORT AND THE FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
INDEX | |
STANDALONE STATEMENT OF FINANCIAL POSITION ……………………………………………… | |
STANDALONE STATEMENT OF PROFIT OR LOSS | |
AND OTHER COMPREHENSIVE INCOME……………………………………………………………… | |
STANDALONE STATEMENT OF CHANGES IN EQUITY……………………………………………… | |
STANDALONE STATEMENT OF CASH FLOWS………………………………………………………… | |
NOTES TO THE STANDALONE FINANCIAL STATEMENTS………………………………………… | |
NOTE 1 | ORGANIZATION AND OPERATION OF THE COMPANY……………………………………………… |
NOTE 2 | BASIS OF PRESENTATION OF THE STANDALONE FINANCIAL STATEMENTS…………………… |
NOTE 3 | ACCOUNTING POLICIES… |
NOTE 4 | CASH AND CASH EQUIVALENTS………………………………………………………………………… |
NOTE 5 | FINANCIAL INVESTMENTS……………………………………………………………………………… |
NOTE 6 | FINANCIAL LIABILITIES…………………………………………………………………………………… |
NOTE 7 | TRADE RECEIVABLES AND PAYABLES ………………………………………………………………… |
NOTE 8 | OTHER RECEIVABLES AND PAYABLES………………………………………………………………… |
NOTE 9 | INVENTORIES……………………………………………………………………………………………… |
NOTE 10 | INVESTMENT PROPERTIES ……………………………………………………………………………… |
NOTE 11 | PROPERTY, PLANT AND EQUIPMENT…………………………………………………………………… |
NOTE 12 | PROVISIONS, CONTINGENT ASSETS AND LIABILITIES……………………………………………… |
NOTE 13 | OTHER ASSETS……………………………………………………………………………………………… |
NOTE 14 | DEFERRED INCOME AND PREPAID EXPENSES………………………………………………………… |
NOTE 15 | SHAREHOLDERS' EQUITY………………………………………………………………………………… |
NOTE 16 | REVENUE AND COST OF SALES………………………………………………………………………… |
NOTE 17 | GENERAL ADMINISTRATIVE EXPENSES, MARKETING EXPENSES………………………………… |
NOTE 18 | OTHER INCOME / EXPENSES FROM OPERATING ACTIVITIES ……………………………………… |
NOTE 19 | FINANCIAL INCOME / EXPENSES………………………………………………………………………… |
NOTE 20 | RELATED PARTY DISCLOSURES………………………………………………………………………… |
NOTE 21 | COMMITMENTS…………………………………………………………………………………………… |
NOTE 22 | EVENTS AFTER THE REPORTING PERIOD……………………………………………………………… |
ADDITIONAL NOTE CONTROL OF COMPLIANCE WITH THE PORTFOLIO LIMITATIONS………………………………… |
PAGE 1-2
3 4 5
6-34
6 7-88-9 10 11 12 13 14 15-1819-20 20 21-23 24 24 25 26 27 28 28 29-31 31 32 33-34
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
CONDENSED STANDALONE STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2023
(Amounts are expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)
Unaudited | Audited | ||
31 March | 31 December | ||
Notes | 2023 | 2022 | |
ASSETS | |||
Current assets | 46,073,470 | 41,553,748 | |
Cash and cash equivalents | 4 | 8,546,776 | 6,006,675 |
Trade receivables | 7 | 3,161,254 | 3,130,618 |
Trade receivables due from related parties | 20 | 47 | - |
Trade receivables due from third parties | 3,161,207 | 3,130,618 | |
Other receivables | 8 | 891,125 | 567,790 |
Other receivables due from third parties | 891,125 | 567,790 | |
Inventories | 9 | 30,362,548 | 28,686,220 |
Prepaid expenses | 1,918,537 | 2,338,899 | |
Prepaid expenses to related parties | 20 | 684,499 | 1,433,207 |
Prepaid expenses to third parties | 14 | 1,234,038 | 905,692 |
Other current assets | 13 | 1,193,230 | 823,546 |
Non-current assets | 4,963,700 | 5,204,151 | |
Trade receivables | 7 | 3,686,771 | 3,669,554 |
Trade receivables due from third parties | 3,686,771 | 3,669,554 | |
Other receivables | 8 | 1,014 | 1,014 |
Financial investments | 5 | 648,637 | 648,037 |
Investments in subsidiaries, joint operations and associates | 648,637 | 648,037 | |
Investment properties | 10 | 545,157 | 813,086 |
Property, plant and equipment | 11 | 78,369 | 68,194 |
Intangible assets | 3,752 | 4,266 | |
Total assets | 51,037,170 | 46,757,899 |
The accompanying notes form an integral part of these condensed standalone financial statements.
1
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
CONDENSED STANDALONE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME AS OF 31 MARCH 2023
(Amounts are expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)
Unaudited | Audited | ||
31 March | 31 December | ||
Notes | 2023 | 2022 | |
LIABILITIES AND EQUITY | |||
Current liabilities | 29,629,448 | 24,978,679 | |
Short-term borrowings | 6 | 2,342,046 | 1,190,213 |
Short-term portions of long-term borrowings | 6 | 2,065,607 | 1,734,722 |
Trade payables | 7 | 1,924,720 | 2,894,484 |
Trade payables due to related parties | 20 | 976,954 | 1,774,954 |
Trade payables due to third parties | 947,766 | 1,119,530 | |
Other payables | 8 | 1,278,846 | 489,131 |
Other payables to third parties | 409,289 | 489,131 | |
Deferred income | 14 | 21,737,660 | 18,398,307 |
Deferred income from related parties | 20 | 2,009,307 | 1,004,342 |
Deferred income from third parties | 19,728,353 | 17,393,965 | |
Short-term provisions | 280,569 | 271,822 | |
Short-term provisions for employee benefits | 34,098 | 29,077 | |
Other short-term provisions | 12 | 246,471 | 242,745 |
Non-current liabilities | 2,977,922 | 3,236,585 | |
Long-term borrowings | 6 | 2,753,335 | 3,076,021 |
Trade payables | 7 | - | 20 |
Trade payables to third parties | - | 20 | |
Other payables | 8 | 180,046 | 117,382 |
Other payables to third parties | 180,046 | 117,382 | |
Deferred income | 14 | 4,738 | 4,738 |
Deferred income from third parties | 4,738 | 4,738 | |
Long-term provisions | 39,803 | 38,424 | |
Long-term provisions for employee benefits | 39,803 | 38,424 | |
Shareholders' equity | 18,429,800 | 18,542,635 | |
Paid-in capital | 15 | 3,800,000 | 3,800,000 |
Treasury shares (-) | (535,604) | (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 | 986,494 | 885,383 | |
Retained earnings | 10,815,962 | 8,745,237 | |
Net profit for the period | 925,367 | 3,041,393 | |
Total liabilities and equity | 51,037,170 | 46,757,899 |
The accompanying notes form an integral part of these condensed standalone financial statements.
2
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
CONDENSED STANDALONE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME AS OF 31 MARCH 2023
(Amounts are expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)
Unaudited | Unaudited | ||
1 January- | 1 January- | ||
Notes | 31 March 2023 | 31 March 2022 | |
Profit or loss | |||
Revenue | 16 | 3,986,916 | 2,172,232 |
Cost of sales (-) | 16 | (1,914,150) | (1,174,945) |
Gross profit | 2,072,766 | 997,287 | |
General administrative expenses (-) | 17 | (1,013,640) | (110,114) |
Marketing expenses (-) | 17 | (47,324) | (26,293) |
Other income from operating activities | 18 | 161,967 | 96,803 |
Other expenses from operating activities (-) | 18 | (255,101) | (181,961) |
Operating profit | 918,668 | 775,722 | |
Income from investing activities | - | - | |
Operating profit before financial | |||
income / (expense) | 918,668 | 775,722 | |
Financial income | 19 | 255,235 | 129,750 |
Financial expenses (-) | 19 | (248,536) | (134,319) |
Profit for the period | 925,367 | 771,153 | |
Other comprehensive income | - | - | |
Items that will be reclassified to profit or loss | |||
Actuarial gains/losses related to | - | - | |
employee benefit liabilities | |||
Total comprehensive income | 925,367 | 771,153 | |
Earnings per share (in full TL) | 0.0023 | 0.0021 |
The accompanying notes form an integral part of these condensed standalone financial statements.
3
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Emlak Konut Gayrimenkul Yatirim Ortakligi AS published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2023 17:07:02 UTC.
