Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi : 1. Çeyrek 2024 Finansal Tablolar

Summary woTAS 29

AEFES Consolidated (TL mn)	1Q2023	1Q2024	Change %
Volume (mhl)	27.2	27.5	0.9%
Net Sales Revenue	24,566.1	43,459.8	76.9%
Gross Profit	9,077.8	17,233.8	89.8%
EBIT (BNRI)	2,799.4	5,057.0	80.7%
EBITDA (BNRI)	4,210.5	7,141.2	69.6%
Net Income/(Loss)*	408.5	1,685.5	312.6%
Change (bps)
Gross Profit Margin	37.0%	39.7%	270
EBIT (BNRI) Margin	11.4%	11.6%	24
EBITDA (BNRI) Margin	17.1%	16.4%	-71
Net Income Margin*	1.7%	3.9%	222
Beer Group (TL mn)	1Q2023	1Q2024	Change %
Volume (mhl)	7.2	8.1	12.4%
Net Sales Revenue	9,011.0	16,427.7	82.3%
Gross Profit	3,919.2	7,344.0	87.4%
EBIT (BNRI)	461.9	807.0	74.7%
EBITDA (BNRI)	1,303.3	1,939.1	48.8%
Net Income/(Loss)*	-109.4	692.9	n.m.
Change (bps)
Gross Profit Margin	43.5%	44.7%	121
EBIT (BNRI) Margin	5.1%	4.9%	-21
EBITDA (BNRI) Margin	14.5%	11.8%	-266
Net Income Margin*	-1.2%	4.2%	543
CCI (TL mn)	1Q2023	1Q2024	Change %
Volume (mn u/c)	352.6	341.4	-3.2%
Net Sales Revenue	15,555.7	26,913.9	73.0%
Gross Profit	5,160.0	9,881.0	91.5%
EBIT	2,342.5	4,325.1	84.6%
EBITDA	2,907.2	5,231.2	79.9%
Net Income/(Loss)*	1,034.5	1,583.4	53.1%
Change (bps)
Gross Profit Margin	33.2%	36.7%	354
EBIT Margin	15.1%	16.1%	101
EBITDA Margin	18.7%	19.4%	75
Net Income Margin*	6.7%	5.9%	-77
* Net income attributable to shareholders

&1#&"Calibri"&10&K000000

Summary-wTAS 29

AEFES Consolidated (TL mn)	1Q2023	1Q2024	Change %
Volume (mhl)	27.2	27.5	0.9%
Net Sales Revenue	41,432.7	43,561.6	5.1%
Gross Profit	14,090.1	15,600.3	10.7%
EBIT (BNRI)	3,087.2	2,739.0	-11.3%
EBITDA (BNRI)	6,000.8	5,512.6	-8.1%
Net Income/(Loss)*	3,025.1	3,140.5	3.8%
FCF	-5,883.3	-8,745.7	-48.7%
Change (bps)
Gross Profit Margin	34.0%	35.8%	180
EBIT (BNRI) Margin	7.5%	6.3%	-116
EBITDA (BNRI) Margin	14.5%	12.7%	-183
Net Income Margin*	7.3%	7.2%	-9
Beer Group (TL mn)	1Q2023	1Q2024	Change %
Volume (mhl)	7.2	8.1	12.4%
Net Sales Revenue	14,983.1	16,204.2	8.1%
Gross Profit	5,967.2	6,602.0	10.6%
EBIT (BNRI)	-34.2	-308.2	n.m.
EBITDA (BNRI)	1,601.7	1,094.7	-31.7%
Net Income/(Loss)*	1,439.9	1,646.5	14.3%
FCF	-1,039.7	-4,022.2	-286.90%
Change (bps)
Gross Profit Margin	39.8%	40.7%	92
EBIT (BNRI) Margin	-0.2%	-1.9%	-167
EBITDA (BNRI) Margin	10.7%	6.8%	-393
Net Income Margin*	9.6%	10.2%	55
CCI (TL mn)	1Q2023	1Q2024	Change %
Volume (mn u/c)	352.6	341.4	-3.2%
Net Sales Revenue	26,450.4	27,229.9	2.9%
Gross Profit	8,137.0	9,049.5	11.2%
EBIT	3,154.1	3,211.7	1.8%
EBITDA	4,399.1	4,463.8	1.5%
Net Income/(Loss)*	3,180.3	2,715.9	-14.6%
FCF	-4,948.3	-4,959.2	n.m.
Change (bps)
Gross Profit Margin	30.8%	33.2%	247
EBIT Margin	11.9%	11.8%	-13
EBITDA Margin	16.6%	16.4%	-24
Net Income Margin*	12.0%	10.0%	-205
* Net income attributable to shareholders

&1#&"Calibri"&10&K000000

EBITDA Reconciliation

EBITDA (TL mn)	1Q2023	1Q2024
Profit/loss from Operations	3,087.2	2,714.2
Depreciation and amortization	2,434.1	2,415.5
Provision for retirement pay liability	65.3	81.5
Provision for vacation pay liability	106.3	177.8
Foreign exchange gain/loss from operating activities	273.6	34.5
Rediscount interest income/expense from operating activities	0.0	11.0
Other	34.3	53.3
EBITDA	6,000.8	5,487.7
EBITDA (BNRI*)	6,000.8	5,512.6
*Non-recurring items amounted to TL 24.9 million in 1Q2024

&1#&"Calibri"&10&K000000

Financial Income Expense

Financial Income / (Expense) Breakdown (TL mn)	1Q2023	1Q2024
Interest income	471.7	615.5
Interest expense	-1,615.1	-2,564.8
Foreign exchange gain /(loss)	184.9	1,746.3
Other financial expenses (net)	-168.1	-509.4
Gain/(loss) on derivative transactions	201.2	59.1
Net Financial Income /(Expense)	-925.4	-653.3

&1#&"Calibri"&10&K000000

AEFES FCF

Free Cash Flow (TL mn)	1Q2023	1Q2024
EBITDA (BNRI)	6,000.8	5,512.6
Change in Working Capital	-4,903.3	-6,931.7
Income Taxes & Employee Benefits Paid	-1,567.5	-1,625.4
Payments of Lease Liabilities	-158.8	-261.7
CAPEX, net	-3,205.7	-2,452.1
Net Financial Income /(Expense)	-892.3	-2,376.3
Monetary Gain/Loss	-1,156.7	-586.2
Non-Recurring Items	0.0	-24.9
FCF	-5,883.3	-8,745.7
Other investing activities (Acquisitions, Disposals and Share Capital Increases)	-867.4	-831.0
FCF (after investing activities)	-6,750.7	-9,576.8

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Debt Table

&1#&"Calibri"&10&K000000

AEFES PL-wTAS29

ANADOLU EFES
Consolidated Income Statements for the Three-Months Period Ended 31.03.2023 and 31.03.2024
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2023/03	2024/03
SALES VOLUME (mhl)	27.2	27.5
SALES REVENUE	41,432.7	43,561.6
Cost of Sales (-)	-27,342.6	-27,961.3
GROSS PROFIT FROM OPERATIONS	14,090.1	15,600.3
Selling, Distribution and Marketing Expenses (-)	-7,711.3	-8,952.9
General and Administrative Expenses (-)	-3,126.1	-3,721.6
Other Operating Income /Expense (net)	-165.5	-211.6
EBIT (BNRI)	3,087.2	2,739.0
Income /Expense from Investing Activities (net)	32.2	21.8
Income / (Loss) from Associates	-95.6	-11.1
OPERATING PROFIT BEFORE FINANCE INCOME/(EXPENSE)	3,023.8	2,724.9
Financial Income / Expense (net)	-925.4	-653.3
Monetary Gain / Loss	4,866.3	4,059.9
PROFIT BEFORE TAX FROM CONTINUING OPERATIONS	6,964.8	6,131.5
Continuing Operations Tax Income/(Expense)
- Current Period Tax Expense (-) / Income	-1,823.7	-1,947.9
- Deferred Tax Expense (-) / Income	45.6	961.2
Income/(loss) after tax for the year from disc. operations	0.0	0.0
INCOME/(LOSS) FOR THE PERIOD	5,186.6	5,144.8
Attributable to:
Non-Controlling Interest	2,161.6	2,004.2
EQUITY HOLDERS OF THE PARENT	3,025.1	3,140.5
EBITDA (BNRI)*	6,000.8	5,512.6
*Non-recurring items amounted to TL 24.9 million in 1Q2024
Note: EBITDA comprises of Profit from Operations, depreciation and other relevant non-cash items up to Profit from Operations

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Sheet1

2017/4Q	2018/4Q
SALES VOLUME (mhl)	20.8	21.2
SALES REVENUE	3,313.0	4,325.6
Cost of Sales (-)	-1,990.3	-2,786.2
GROSS PROFIT FROM OPERATIONS	1,322.6	1,539.4
Selling, Distribution and Marketing Expenses (-)
General and Administrative Expenses (-)
Other Operating Income /Expense (net)
PROFIT FROM OPERATIONS (BNRI)*	336.8	175.0
Income /Expense From Investing Activities (net)	-61.2	66.5
Income / (Loss) from Associates	-13.4	-10.5
OPERATING PROFIT BEFORE FINANCE INCOME/(EXPENSE)	253.4	223.7
Financial Income / Expense (net)	-388.7	70.4
Finance Income
Finance Expense (-)
PROFIT BEFORE TAX FROM CONTINUING OPERATIONS	-135.3	294.2
Continuing Operations Tax Income/(Expense)
- Current Period Tax Expense (-) / Income	4.5	15.5
- Deferred Tax Expense (-) / Income	-9.3	-87.4
INCOME/(LOSS) FOR THE PERIOD	-140.1	222.2
Attributable to:
Non-Controlling Interest	-20.9	74.3
EQUITY HOLDERS OF THE PARENT	-119.2	147.9
EBITDA (BNRI)*	582.2	569.0

&1#&"Calibri"&10&K000000

AEFES BS-wTAS29

ANADOLU EFES
Consolidated Balance Sheets as of 31.12.2023 and 31.03.2024
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2023/12	2024/03
Cash & Cash Equivalents	47,489.1	38,739.9
Financial Investments	432.4	652.6
Derivative Instruments	190.7	197.7
Trade Receivables from Third Parties	15,938.0	24,216.2
from Related Parties	1,759.8	1,851.9
Other Receivables	529.7	748.6
Inventories	28,625.5	25,758.2
Other Current Assets	8,739.9	12,161.2
TOTAL CURRENT ASSETS	103,705.0	104,326.3
Trade Receivables	1.5	1.3
Financial Investments	12.5	12.5
Investments in Associates	0.6	15.9
Property, Plant and Equipment (incl. inv properties)	66,294.2	67,675.9
Right of Use Assets	2,349.5	2,569.1
Other Intangible Assets	107,532.8	104,583.2
Goodwill	14,475.3	13,852.5
Deferred Tax Assets	6,990.1	8,203.3
Derivative Instruments	38.5	44.4
Other Non-Current Assets	3,779.2	2,991.0
TOTAL NON-CURRENT ASSETS	201,474.2	199,949.1
TOTAL ASSETS	305,179.3	304,275.4
2023/12	2024/03
Short-term Borrowings	13,995.2	17,165.6
Current portion of long term borrowings	12,732.2	11,263.4
Current portion of term lease obligations (IFRS 16)	736.6	648.5
Derivative Instruments	321.6	281.9
Current Trade Payables to Third Parties	36,613.5	35,884.7
to Related Parties	1,425.9	1,718.1
Other Current Payables	19,647.2	23,264.5
Provision for Corporate Tax	680.3	1,381.2
Provisions	2,056.8	2,065.6
Other Liabilities	2,112.9	1,794.1
TOTAL CURRENT LIABILITIES	90,322.2	95,467.7
Long-term Borrowings	40,616.0	38,055.3
Long term lease obligations (IFRS 16)	1,227.3	1,336.3
Non Current Trade Payables	2.5	2.1
Deferred Tax Liability	22,260.9	21,597.4
Derivative Instruments	3.4	5.9
Other Non Current Liabilities	1,304.4	1,200.1
TOTAL NON-CURRENT LIABILITIES	65,414.3	62,197.2
TOTAL EQUITY	149,442.7	146,610.5
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	305,179.3	304,275.4
Note 1: "Financial Investments" in Current Assets includes the time deposits with a original maturity more than three months

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BEER GROUP-wTAS29

BEER GROUP
Consolidated Income Statements for the Three-Months Period Ended 31.03.2023 and 31.03.2024
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2023/03	2024/03
Sales Volume (mhl)	7.2	8.1
Sales Revenue	14,983.1	16,204.2
Cost of Sales (-)	-9,015.9	-9,602.2
Gross Profit from Operations	5,967.2	6,602.0
EBIT (BNRI)	-34.2	-308.2
Operating Profit Before Finance Income/(Expense)	-107.1	-332.6
Profit Before Tax from Continuing Operations	2,319.2	1,549.3
Income/(Loss) for the Period	1,965.9	2,272.4
Equity Holders of the Parent	1,439.9	1,646.5
EBITDA (BNRI)*	1,601.7	1,094.7
*Non-recurring items amounted to TL 24.9 million in 1Q2024
Note: EBITDA comprises of Profit from Operations, depreciation and other relevant non-cash items up to Profit from Operations
BEER GROUP
Consolidated Balance Sheets as of 31.12.2023 and 31.03.2024
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2023/12	2024/03
Cash & Cash Equivalents	22,397.8	19,935.9
Financial Investments	0.0	138.4
Derivative Instruments	27.9	3.6
Trade Receivables	7,348.5	8,639.3
Other Receivables	344.8	371.1
Inventories	13,606.2	11,364.6
Other Current Assets	4,031.8	5,320.2
TOTAL CURRENT ASSETS	47,757.1	45,773.0
Trade Receivables	1.5	1.3
Financial Investments	12.5	12.5
Investments in Associates	11,279.0	11,294.3
Property, Plant and Equipment (incl. inv properties)	21,435.6	20,128.7
Right of Use Assets	786.8	710.9
Other Intangible Assets	24,392.8	22,601.4
Goodwill	8,946.0	8,250.5
Deferred Tax Assets	5,372.3	6,036.1
Other Non-Current Assets	1,959.4	1,677.6
TOTAL NON-CURRENT ASSETS	74,185.9	70,713.2
TOTAL ASSETS	121,943.0	116,486.2
Current portion of long term borrowings	1,940.4	348.0
Short-term Borrowings	4,137.3	7,406.7
Current portion of term lease obligations (IFRS 16)	428.0	377.6
Derivative Instruments	0.0	56.2
Current Trade Payables	23,275.3	20,787.1
Other Current Payables	9,906.9	9,540.4
Provision for Corporate Tax	216.8	83.0
Provisions	936.8	668.5
Other Liabilities	1,128.4	797.2
TOTAL CURRENT LIABILITIES	41,969.9	40,064.8
Long-term Borrowings	19,157.1	18,089.1
Long term lease obligations (IFRS 16)	356.8	296.3
Deferred Tax Liability	5,540.7	5,032.0
Other Non Current Liabilities	383.4	351.3
TOTAL NON-CURRENT LIABILITIES	25,437.9	23,768.8
TOTAL EQUITY	54,535.2	52,652.6
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	121,943.0	116,486.2
* As per Turkish Accounting Standards 8, our Company has made changes regarding the "Other Payables" account which is related to deposit liability of the returnable bottles and applied this change retrospectively in order to present its financial status and performance in the financial statements in a more appropriate way. The impact of the aforementioned change in Deferred Tax impact is TL 3.6 million, Previous Years' Profits and Losses" is TL 194.2 million, "Other Payables" is TL 265.2 million, "Deferred Tax Assets" is TL 58.3 million. Additionally, the deposit liabilities have been reclassifed from "Other Non Current Payables" account to "Other Current Payables" account.

&1#&"Calibri"&10&K000000

IR TBG ENG

TURKEY BEER OPERATIONS
Consolidated Income Statements For the Nine-Months Period Ended 30.09.2019 and 30.09.2020
Prepared in accordance with IFRS as per CMB Regulations
(TL mn)
2019/09	2020/09
Sales Volume (mhl)	5.6	0.9
Sales Revenue	6,970.9	2,636.4
Gross Profit From Operations	3,505.8	597.7
EBIT (BNRI)*	352.0	-1,513.1
EBITDA (BNRI)*	0.0	0.0
Note : EBITDA comprises of Profit from Operations (excluding other operating income/expense arising from Anadolu Efes' holding nature), depreciation and other relevant non-cash items up to Profit From Operations.

&1#&"Calibri"&10&K000000

IR TBG TR

TÜRKİYE BİRA OPERASYONLARI
30.09.2019 ve 30.09.2020 Tarihlerinde Sona Eren Dokuz Aylık Döneme Ait
SPK Mevzuatı Çerçevesinde UFRS'ye Göre Hazırlanmış Konsolide Gelir Tablosu
(milyon TL)
2019/09	2020/09
Satış Hacmi (Milyon hektolitre)	5.6	0.9
Satış Gelirleri	6,970.9	2,636.4
Ticari Faaliyetlerden Brüt Kar	3,505.8	597.7
Faaliyet Karı (BMKÖ)*	352.0	-1,513.1
FAVÖK (BMKÖ)*	0.0	0.0
Not : FAVÖK; Faaliyet Karı (holding faaliyetlerinden doğan gelir/giderler hariç) ve bu tanım içerisindeki amortisman ve diğer nakit çıkışı gerektirmeyen gelir/giderlerin çıkarılması/eklenmesi sonucu oluşmaktadır.

&1#&"Calibri"&10&K000000

IR INT BEER ENG

INTERNATIONAL BEER OPERATIONS (EBI)
Consolidated Income Statements For the Nine-Months Period Ended 30.09.2019 and 30.09.2020
Prepared in accordance with IFRS as per CMB Regulations
(TL mn)
2019/09	2020/09
Sales Volume (mhl)	6.3	7.1
Sales Revenue	12,284.7	13,038.3
Gross Profit From Operations	5,321.5	5,571.4
EBIT (BNRI)*	1,462.3	1,328.7
EBITDA (BNRI)*	2,576.4	2,075.4
*Non-recurring items amounted to TL 4.6 million in 1H2019 and TL 0.1 million in 1H2020.
Note 1: EBITDA comprises of Profit from Operations, depreciation and other relevant non-cash items up to Profit From Operations.
Note 2: Figures for EBI are obtained from consolidated financial statements prepared in accordance with IFRS after CMB reclasses.

&1#&"Calibri"&10&K000000

IR INT BEER TR

YURTDIŞI BİRA OPERASYONLARI (EBI)
30.09.2019 ve 30.09.2020 Tarihlerinde Sona Eren Dokuz Aylık Döneme Ait
SPK Mevzuatı Çerçevesinde UFRS'ye Göre Hazırlanmış Konsolide Gelir Tablosu
(milyon TL)
2019/09	2020/09
Satış Hacmi (Milyon hektolitre)	6.3	7.1
Satış Gelirleri	12,284.7	13,038.3
Ticari Faaliyetlerden Brüt Kar	5,321.5	5,571.4
Faaliyet Karı (BMKÖ)*	1,462.3	1,328.7
FAVÖK (BMKÖ)*	2,576.4	2,075.4
* Tek seferlik giderlerin toplamı 1Y2019'da 4,6 milyon TL, 1Y2020'de ise 0,1 milyon TL'dir.
Not 1: FAVÖK; Faaliyet Karı (holding faaliyetlerinden doğan gelir/giderler hariç) ve bu tanım içerisindeki amortisman ve diğer nakit çıkışı gerektirmeyen gelir/giderlerin çıkarılması/eklenmesi sonucu oluşmaktadır.
Not 2: EBI'nın finansal sonuçları UFRS'ye göre hazırlanmış ve SPK'ya göre yeniden sınıflandırılmış konsolide mali tablolarından temin edilmiştir.
YURTDIŞI BİRA OPERASYONLARI (EBI)
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&1#&"Calibri"&10&K000000

CCI-wTAS29

SOFT DRINK OPERATIONS (CCI)
Consolidated Income Statements For the Three-Months Period Ended 31.03.2023 and 31.03.2024
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2023/03	2024/03
SALES VOLUME (UC millions)	352.6	341.4
SALES REVENUE	26,450.4	27,229.9
Cost of Sales (-)	-18,313.5	-18,180.4
GROSS PROFIT FROM OPERATIONS	8,137.0	9,049.5
Selling, Distribution and Marketing Expenses (-)	-3,924.1	-4,389.1
General and Administrative Expenses (-)	-1,095.0	-1,499.3
Other Operating Income /Expense (net)	36.2	50.6
EBIT	3,154.1	3,211.7
Income / Expense From Investing Activities (net)	25.4	-16.4
Income / (Loss) from Associates	-15.9	-2.2
OPERATING PROFIT BEFORE FINANCE INCOME/(EXPENSE)	3,163.5	3,193.1
Financial Income / Expenses (net)	-767.9	-1,145.0
Monetary Gain / Loss	2,282.6	2,536.9
PROFIT BEFORE TAX FROM CONTINUING OPERATIONS	4,678.2	4,585.0
-Deferred Tax Income/(Expense)	17.7	-146.1
-Current Period Tax Expense	-1,449.1	-1,729.2
INCOME/(LOSS) FOR THE PERIOD	3,246.8	2,709.8
Profit/(Loss) Attributable to:
Non-Controlling Interest	-66.5	6.1
Equity Holders of the Parent	3,180.3	2,715.9
EBITDA	4,399.1	4,463.8
SOFT DRINK OPERATIONS (CCI)
Consolidated Balance Sheets as of 31.12.2023 and 31.03.2024
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2023/12	2024/03
Cash and Cash Equivalents	25,031.8	18,781.4
Investments in Securities	432.4	484.1
Derivative Financial Instruments	162.7	194.2
Trade Receivables	10,142.3	17,382.9
Other Receivables	138.7	160.2
Inventories	14,938.2	14,270.6
Prepaid Expenses	2,147.7	2,815.5
Tax Related Current Assets	730.5	703.7
Other Current Assets	1,799.2	3,041.3
TOTAL CURRENT ASSETS	55,523.5	57,833.8
Derivative Financial Instruments	38.5	44.4
Other Receivables	155.2	155.5
Right of Use Asset	623.8	555.1
Property, Plant and Equipment	40,542.3	43,890.8
Intangible Assets	22,207.6	21,507.5
Goodwill	5,344.7	5,417.4
Prepaid Expenses	1,400.6	1,145.9
Deferred Tax Asset	668.2	1,070.8
Other Non Current Asset	247.8	15.4
TOTAL NON-CURRENT ASSETS	71,228.7	73,802.8
TOTAL ASSETS	126,752.2	131,636.6
2023/12	2024/03
Short-term Borrowings	9,818.6	9,569.2
Current Portion of Long-term Borrowings	10,740.3	10,878.3
Financial lease payables	225.5	220.4
Trade Payables	21,397.6	24,016.5
Payables Related to Employee Benefits	415.7	641.0
Other Payables	2,869.4	6,289.5
Derivative Financial Instruments	320.3	222.8
Provision for Corporate Tax	470.6	1,298.2
Current Provisions	1,112.0	1,387.2
Other Current Liabilities	390.7	385.4	394.00 [$€-1]
TOTAL CURRENT LIABILITIES	47,760.7	54,908.5
Long-term Borrowings	21,300.5	19,926.4
Financial lease payables	534.3	471.8
Trade and Other Payables	5.7	3.5
Provision for Employee Benefits	842.0	786.7
Deferred Tax Liability	4,527.8	4,409.3
Derivative Financial Instruments	3.4	5.9
Other Non-Current Liabilities	51.0	37.1
TOTAL NON-CURRENT LIABILITIES	27,264.8	25,640.8
TOTAL EQUITY	51,726.8	51,087.3
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	126,752.2	131,636.6
Totals may not foot due to rounding differences

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eski

SOFT DRINK OPERATIONS (CCI)
Highlighted Income Statement Items For the Six-Month Period Ended 30.06.2012 and 30.06.2013
Prepared In Accordance with IFRS as per CMB Regulations
(million TRL)
Restated	Restated
2012/12	2012/12	2013/12	2013/12
restated	FA Sales Gain / Loss	FX gain/loss from others	Rediscount income/ expense	reported	FA Sales Gain / Loss	FX gain/loss from others	Rediscount income/ expense
Sales Volume(million Unit Case)	0.0	0.0	1,057.7
Sales (net)	0.0	0.0	5,186.4
Cost of Sales	0.0	0.0	-3,228.1
GROSS PROFIT	0.0	0.0	1,958.3
Operating Expenses	0.0	0.0	-1,363.1
Other Operating Income / (Expense) (net)	0.0	-0.6	-0.7	-1.3	240.7	0.280
EBIT	215.9	-1.3	295.0
Gain / (Loss) from Associates	0.0	0.0	-2.7
Income / Expense from Investing Activities	0.6	0.6	-0.280
Financial Income / (Expense) (net)	0.0	0.7	0.7	-259.3
INCOME BEFORE MINORITY INTEREST & TAX	0.0	0.0	574.0
Income Taxes	0.0	0.0	-71.8
0.0
INCOME BEFORE MINORITY INTEREST	0.0	0.0	502.2
Attributable to,	0.0
Minority Interest	0.0	0.0	13.4
Net Income attributable to Shareholders	0.0	0.0	488.8
0.0
EBITDA	0.0	0.0	892.1
Note 1: EBITDA comprises of profit from operations (excluding other operating income/expense), depreciation and other relevant non-cash items up to EBIT.
Note 2: Figures for CCI are obtained from consolidated financial results prepared in accordance with IFRS as per CMB regulations.
SOFT DRINK OPERATIONS (CCI)
Highlighted Balance Sheet Items as of 30.06.2013 and 31.12.2012
Prepared In Accordance with IFRS as per CMB Regulations
(million TRL)
2012/12	2013/12
restated	FA Sales Gain / Loss	FX gain/loss from others	Rediscount income/ expense	reported
Cash and Cash Equivalents	489.9	916.8
Investments in Securities	117.7	563.0
Derivative Financial Instruments	0.3	0 -
Trade Receivables and Due from Related Parties (net)	307.1
Inventory (net)	319.0	461.5
Other Receivables	13.4	21.5
Other Current Assets	311.3	456.2
Total Current Assets	1,558.8	2,802.4
Investment in Associate	0 -	0.0
Property, Plant and Equipment	1,927.5	2,783.9
Intangible Assets (including goodwill)	721.3	1,301.5
Deffered Tax Assets	0.6	-0.0
Other Non- Current Assets	55.9	113.7
Total Non-current Assets	2,707.7	4,203.4
Total Assets	4,266.4	7,005.8
Short-term Borrowings	229.3	1,168.7
Trade Payables and Due to Related Parties	287.4	381.6
Other Payables	130.8	168.2
Provision for Corporate Tax	2.4	4.5
Provisions for Employee Benefits	21.9	37.4
Other Current Liabilities	20.7	54.8
Total Current Liabilities	692.6	1,815.2
Long-term Borrowings	1,447.6	1,917.6
Provisions for Employee Benefits	32.8	44.6
Deffered Tax Liabilities	58.5	185.6
Other Non- Current Assets	120.8	0.0	0.0	0.0	0.0	171.4
Total Non-Current Liabilities	1,659.7	2,319.2
Total Equity	1,914.1	2,871.3
Total Liabilities and Shareholders' Equity	4,266.4	7,005.8
Note 1: Figures for CCI are obtained from consolidated financial results prepared in accordance with IFRS as per CMB regulations.
Restatement Explanation: Restated financials were adjusted according to new «IFRS 10 Consolidated Financial Statements» and «IFRS 11 Joint Arrangements» standards, in which 1H12 Pakistan and Syria operations were consolidated with equity pick-up versus Pakistan was full consolidated and Syria was consolidated with equity pick-up in 1H13.
B/S check	-0.0	-0.0

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