Aksa Enerji Üretim : 30.06.2022 CMB Report

AKSA ENERJİ ÜRETİM A.Ş.

AND ITS SUBSIDIARIES

Interim Condensed Consolidated Financial Statements

for the Six Months Period Ended

30 June 2022

INDEX		PAGE
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ......................................	1-3
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS.................................................	4
INTERIM CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME..............	5
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ........................................	6
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS........................................................	7
NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS..................................	8-53
NOTE 1	ORGANIZATION AND OPERATIONS OF THE GROUP	8-11
NOTE 2	BASIS OF PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS	12-21
NOTE 3	OPERATING SEGMENTS	22-23
NOTE 4	RELATED PARTY DISCLOSURE	23-26
NOTE 5	FINANCIAL INVESTMENTS	27
NOTE 6	TRADE RECEIVABLES AND PAYABLES	27-28
NOTE 7	BORROWINGS	28-30
NOTE 8	PROPERTY, PLANT AND EQUIOMENT	30-33
NOTE 9	RIGHT OF USE ASSETS	33-34
NOTE 10	COMMITMENTS	34-35
NOTE 11	SHARE CAPITAL, RESERVES AND OTHER EQUITY ITEMS	36-38
NOTE 12	REVENUE	39
NOTE 13	FINANCIAL INCOME	39
NOTE 14	FINANCIAL EXPENSES	40
NOTE 15	TAXATION	40-42
NOTE 16	EARNINGS PER SHARE	42
NOTE 17	FINANCIAL INSTRUMENTS	43-44
NOTE 18	NATURE AND LEVEL OF RISKS ARISING FROM FINANCIAL INSTRUMENTS	45-51
NOTE 19	FINANCIAL INSTRUMENTS (FAIR VALUE DISCLOSURES AND EXPLANATION ON
	HEDGE ACCOUNTING)	51-52
NOTE 20	NOTES ON THE STATEMENT OF CASH FLOWS	52-53
NOTE 21	EVENTS AFTER THE REPORTING PERIOD	53

AKSA ENERJİ ÜRETİM A.Ş. AND ITS SUBSIDIARIES

Reviewed Condensed Consolidated Statement of Financial Position As At 30 June 2022

(Amounts expressed in Turkish Liras ("TL"), unless otherwise stated.)

ASSETS	Note
Current assets
Cash and cash equivalents
Financial investments	5
Trade receivables
- Trade receivables from related parties	4
- Trade receivables from third parties	6
Other receivables
- Other receivables from related parties	4
- Other receivables from third parties
Derivative financial instruments
Inventories
Prepaid expenses
Current tax assets
Other current assets
Total current assets
Non-current assets
Financial investments	5
Other receivables
- Other receivables from third parties
Property, plant and equipment	8
Right-of-use assets	9
Intangible assets
- Other intangible assets
Prepaid expenses
Deferred tax asset	15

Total non-current assets

TOTAL ASSETS

Reviewed/	Audited/
Current period	Prior period
30 June 2022	31 December 2021
236,370,445	524,701,915
563,350,010	592,983,082
7,820,588,848	5,327,703,619
1,983,308,476	766,149,151
5,837,280,372	4,561,554,468
104,513,579	100,822,731
47,618,465	58,618,465
56,895,114	42,204,266
1,735,185	3,859,495
302,842,831	225,353,094
171,349,549	145,128,853
734,519	990,817
188,982,430	207,556,364
9,390,467,396	7,129,099,970
412,408	412,408
124,742,497	12,137,069
124,742,497	12,137,069
16,041,787,117	13,037,533,258
92,650,223	64,593,990
267,651,661	222,087,752
267,651,661	222,087,752
187,847,644	153,147,175
36,715,297	30,526,428
16,751,806,847	13,520,438,080
26,142,274,243	20,649,538,050

The accompanying notes form an integral part of these condensed consolidated financial statements.

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AKSA ENERJİ ÜRETİM A.Ş. AND ITS SUBSIDIARIES

Reviewed Condensed Consolidated Statement of Financial Position As At 30 June 2022

(Amounts expressed in Turkish Liras ("TL"), unless otherwise stated.)

LIABILITIES	Note
Current liabilities
Short-term borrowings	7
Current portion of long-term borrowings	7
Short-term finance lease liabilities	7

• Finance lease liabilities from related parties
• Finance lease liabilities from third parties Short-term portion of long-term finance lease

liabilities	7
Trade payables
- Trade payables to related parties	4
- Trade payables to third parties	6
Payables related to employee benefits
Other payables

• Other payables to third parties Derivative instruments Current tax liability Short-term provisions
• Short-termprovisions for employee benefits
• Other short-term provisions

Other current liabilities

Total current liabilities
Non-current liabilities
Long-term borrowings	7
Long-term finance lease liabilities	7
Other payables
- Other payables to third parties
Long-term provisions
- Long-term provisions for employee benefits
Deferred tax liabilities	15
Total non-current liabilities

TOTAL LIABILITIES

Reviewed/	Audited/
Current period	Prior period
30 June 2022	31 December 2021
2,848,562,630	1,923,308,435
1,176,481,815	1,225,736,522
10,524,164	7,580,536
3,113,213	117,597
7,410,951	7,462,939
4,593,522
	2,797,965
2,255,669,103	2,019,865,531
223,242,898	89,599,642
2,032,426,205	1,930,265,889
29,987,421	18,189,037
415,221,152	351,950,634
415,221,152	351,950,634
16,630,195	83,074,399
450,667,430	626,692,702
70,095,521	11,369,329
3,946,745	2,401,040
66,148,776	8,968,289
451,780	1,305,233
7,278,884,733	6,271,870,323
3,041,669,785	2,435,863,452
89,463,971	67,437,608
654,783,779	417,527,881
654,783,779	417,527,881
15,060,132	9,588,781
15,060,132	9,588,781
773,946,459	863,041,791
4,574,924,126	3,793,459,513
11,853,808,859	10,065,329,836

The accompanying notes form an integral part of these condensed consolidated financial statements.

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AKSA ENERJİ ÜRETİM A.Ş. AND ITS SUBSIDIARIES

Reviewed Condensed Consolidated Statement of Financial Position As At 30 June 2022

(Amounts expressed in Turkish Liras ("TL"), unless otherwise stated.)

				Reviewed/	Audited/
				Current period	Prior period
EQUITY	Note	30 June 2022	31 December 2021
Equity attributable to holders' of the
company
Paid-in capital	11			1,226,338,236	1,226,338,236
Share premiums	11			10,726,734	10,726,734
Accumulated other comprehensive income not
to be reclassified in profit or loss				3,621,196,181	3,740,067,960
- Increase on revaluation of property, plant and
equipment				3,621,192,570	3,740,064,349
- Gain on remeasurements of defined benefit
plans				3,611	3,611
Accumulated other comprehensive income that
will be reclassified in profit or loss				2,863,031,540	1,979,389,432
- Foreign currency translation differences				3,547,494,567	2,514,679,438
-Gain / (loss) of hedging reserve				(684,463,027)	(535,290,006)
Restricted reserves appropriated from profit	11			151,366,568	82,931,556
Prior years' profit	11			2,662,800,837	932,614,285
Net profit for the period				2,458,473,658	1,679,749,785
Total equity attributable to
equity holders of the Company				12,993,933,754	9,651,817,988
Non-controlling interests	11			1,294,531,630	932,390,226
Total equity				14,288,465,384	10,584,208,214
TOTAL LIABILITIES AND EQUITY
			26,142,274,243	20,649,538,050

The accompanying notes form an integral part of these condensed consolidated financial statements.

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