AKSA ENERJİ ÜRETİM A.Ş.
AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS FOR THE THREE-MONTH PERIOD
ENDED 31 MARCH 2023
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 | 8-51 | |
NOTE 1 | ORGANIZATION AND OPERATIONS OF THE GROUP | 8-11 |
NOTE 2 | BASIS OF PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS | 12-19 |
NOTE 3 | OPERATING SEGMENTS | 20 |
NOTE 4 | RELATED PARTY DISCLOSURE | 21-24 |
NOTE 5 | FINANCIAL INVESTMENTS | 25 |
NOTE 6 | TRADE RECEIVABLES AND PAYABLES | 25-26 |
NOTE 7 | BORROWINGS | 26-28 |
NOTE 8 | PROPERTY, PLANT AND EQUIOMENT | 28-31 |
NOTE 9 | RIGHT OF USE ASSETS | 31-32 |
NOTE 10 | COMMITMENTS | 32-33 |
NOTE 11 | SHARE CAPITAL, RESERVES AND OTHER EQUITY ITEMS | 34-36 |
NOTE 12 | REVENUE | 37 |
NOTE 13 | FINANCIAL INCOME | 37 |
NOTE 14 | FINANCIAL EXPENSES | 38 |
NOTE 15 | TAXATION | 38-40 |
NOTE 16 | EARNINGS PER SHARE | 40 |
NOTE 17 | FINANCIAL INSTRUMENTS | 41-42 |
NOTE 18 | NATURE AND LEVEL OF RISKS ARISING FROM FINANCIAL INSTRUMENTS | 43-49 |
NOTE 19 | FINANCIAL INSTRUMENTS (FAIR VALUE DISCLOSURES AND EXPLANATION ON | |
HEDGE ACCOUNTING) | 49-50 | |
NOTE 20 | NOTES ON THE STATEMENT OF CASH FLOWS | 50-51 |
NOTE 21 | EVENTS AFTER THE REPORTING PERIOD | 51 |
AKSA ENERJİ ÜRETİM A.Ş. AND ITS SUBSIDIARIES
Unaudited Condensed Consolidated Statement of Financial Position
As At 31 March 2023
(Amounts expressed in Turkish Liras ("TL"), unless otherwise stated)
Not reviewed/ | Audited/ | |||
Currenct period | Prior period | |||
ASSETS | Note | 31 March 2023 | 31 December 2022 | |
Current assets | ||||
Cash and cash equivalents | 1,476,892,632 | 937,345,047 | ||
Financial investments | 5 | 9,601,470 | 306,413,932 | |
Trade receivables | 8,769,868,494 | 9,217,429,677 | ||
- Trade receivables from related parties | 4 | 1,736,420,487 | 2,434,575,270 | |
- Trade receivables from third parties | 6 | 7,033,448,007 | 6,782,854,407 | |
Other receivables | 59,576,417 | 58,309,339 | ||
- Other receivables from third parties | 59,576,417 | 58,309,339 | ||
Derivative instruments | 19,368,750 | 22,578,966 | ||
Inventories | 427,479,727 | 244,345,731 | ||
Prepaid expenses | 346,844,484 | 282,516,925 | ||
Current tax assets | 69,901,600 | 148,313,121 | ||
Other current assets | 367,632,530 | 198,850,061 | ||
Total current assets | 11,547,166,104 | 11,416,102,799 | ||
Non-current assets | ||||
Financial investments | 5 | 412,408 | 412,408 | |
Other receivables | 13,428,190 | 13,421,090 | ||
- Other receivables from third parties | 13,428,190 | 13,421,090 | ||
Property, plant and equipment | 8 | 21,629,033,007 | 21,295,294,157 | |
Right-of-use assets | 9 | 123,847,613 | 98,236,844 | |
Intangible assets | 370,897,707 | 345,839,331 | ||
- Other intangible assets | 370,897,707 | 345,839,331 | ||
Prepaid expenses | 10,169,451 | 21,061,830 | ||
Deferred tax asset | 15 | 47,539,077 | 42,138,947 | |
Total non-current assets | 22,195,327,453 | 21,816,404,607 | ||
TOTAL ASSETS | 33,742,493,557 | 33,232,507,406 |
1
AKSA ENERJİ ÜRETİM A.Ş. AND ITS SUBSIDIARIES
Unaudited Condensed Consolidated Statement of Financial Position
As At 31 March 2023
(Amounts expressed in Turkish Liras ("TL"), unless otherwise stated)
Not reviewed/ | Audited/ | |||
Current period | Prior period | |||
LIABILITIES | Note | 31 March 2023 | 31 December 2022 | |
Current liabilities | ||||
Short-term borrowings | 7 | 2,130,595,222 | 2,393,385,155 | |
Current portion of long-term borrowings | 7 | 2,429,374,351 | 2,340,517,715 | |
Short-term lease liabilities | 7 | 11,332,285 | 2,735,575 | |
- Lease liabilities from related parties | 8,042,212 | 617,345 | ||
- Lease liabilities from third parties | 3,290,073 | 2,118,230 | ||
Short-term portion of long-term lease liabilities | 7 | 18,623,802 | 6,478,325 | |
Trade payables | 2,148,028,632 | 2,126,648,274 | ||
- Trade payables to related parties | 4 | 95,084,694 | 152,735,060 | |
- Trade payables to third parties | 6 | 2,052,943,938 | 1,973,913,214 | |
Payables related to employee benefits | 50,921,361 | 23,516,545 | ||
Other payables | 594,441,767 | 473,035,344 | ||
- Other payables to third parties | 4 | 22,000 | 22,000 | |
Derivative instruments | 594,419,767 | 473,013,344 | ||
Current tax liabilities | 299,649,945 | 572,709,698 | ||
Short-term provisions | 27,056,055 | 23,912,401 | ||
- Short-term provisions for employee benefits | 9,042,380 | 5,914,440 | ||
- Other short-term provisions | 18,013,675 | 17,997,961 | ||
Other current liabilities | 22,010,382 | 17,052,526 |
Total current liabilities | 7,732,033,802 | 7,979,991,558 | |
Non-current liabilities | |||
Long-term borrowings | 7 | 3,302,478,738 | 3,785,386,886 |
Long-term lease liabilities | 7 | 85,280,490 | 79,967,136 |
Other payables | 745,251,851 | 585,719,977 | |
- Other payables to third parties | 745,251,851 | 585,719,977 | |
Long-term provisions | 94,109,043 | 87,334,512 | |
- Long-term provisions for employee benefits | 27,642,263 | 23,317,250 | |
- Other long-term provisions | 66,466,780 | 64,017,262 | |
Deferred tax liabilities | 15 | 1,661,536,146 | 1,755,543,866 |
Total non-current liabilities | 5,888,656,268 | 6,293,952,377 | |
TOTAL LIABILITIES | 13,620,690,070 | 14,273,943,935 |
2
AKSA ENERJİ ÜRETİM A.Ş. AND ITS SUBSIDIARIES
Unaudited Condensed Consolidated Statement of Financial Position
As At 31 March 2023
(Amounts expressed in Turkish Liras ("TL"), unless otherwise stated)
Not reviewed/ | Audited/ | ||||
Current period | Prior period | ||||
EQUITY | Note | 31 March 2023 | 31 December 2022 | ||
Equity attributable to owners 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 | 6,089,195,798 | 6,142,637,485 | |||
- Gains on revaluation of property, plant and | |||||
equipment | 6,088,982,132 | 6,142,423,819 | |||
- Gains on remeasurements of the defined benefit | |||||
plans | 213,666 | 213,666 | |||
Accumulated other comprehensive income that will | |||||
be reclassified in profit or loss | 3,133,418,413 | 3,048,495,229 | |||
- Foreign currency translation differences | 3,911,460,883 | 3,960,108,475 | |||
-Gain / (loss) of hedging reserve | (778,042,470) | (911,613,246) | |||
Restricted reserves appropriated from profit | 11 | 477,549,777 | 332,248,395 | ||
Prior years' profit | 11 | 6,350,666,260 | 1,886,122,885 | ||
Net profit for the period | 1,054,324,199 | 4,561,511,070 | |||
Total equity attributable to | |||||
equity holders of the Company | 18,342,219,417 | 17,208,080,034 | |||
Non-controlling interests | 11 | 1,779,584,070 | 1,750,483,437 | ||
Total equity | 20,121,803,487 | 18,958,563,471 | |||
TOTAL LIABILITIES AND EQUITY | 33,742,493,557 | 33,232,507,406 |
3
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Aksa Enerji Uretim AS published this content on 22 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2023 14:16:09 UTC.