Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi : 4rd Quarter 2023 Release Tables

Summary woTAS 29

AEFES Consolidated (TL mn)	FY2022	FY2023	Change %
Volume (mhl)	123.5	122.9	-0.5%
Net Sales Revenue	90,482.1	147,225.7	62.7%
Gross Profit	32,969.5	58,607.6	77.8%
EBIT (BNRI)	12,956.9	23,884.8	84.3%
EBITDA (BNRI)	17,418.2	30,555.5	75.4%
Net Income/(Loss)*	3,429.1	7,779.9	126.9%
Change (bps)
Gross Profit Margin	36.4%	39.8%	337
EBIT (BNRI) Margin	14.3%	16.2%	190
EBITDA (BNRI) Margin	19.3%	20.8%	150
Net Income Margin*	3.8%	5.3%	149
Beer Group (TL mn)	FY2022	FY2023	Change %
Volume (mhl)	34.0	35.7	5.0%
Net Sales Revenue	36,953.8	55,501.2	50.2%
Gross Profit	15,587.8	26,121.0	67.6%
EBIT (BNRI)	4,966.2	7,678.6	54.6%
EBITDA (BNRI)	7,317.4	11,688.2	59.7%
Net Income/(Loss)*	1,570.8	3,698.3	135.5%
Change (bps)
Gross Profit Margin	42.2%	47.1%	488
EBIT (BNRI) Margin	13.4%	13.8%	40
EBITDA (BNRI) Margin	19.8%	21.1%	126
Net Income Margin*	4.3%	6.7%	241
CCI (TL mn)	FY2022	FY2023	Change %
Volume (mn u/c)	1,576.8	1,535.4	-2.6%
Net Sales Revenue	53,529.5	91,015.7	70.0%
Gross Profit	17,373.7	32,336.2	86.1%
EBIT	8,006.5	16,347.6	104.2%
EBITDA	10,096.9	18,939.4	87.6%
Net Income/(Loss)*	4,331.1	8,306.0	91.8%
Change (bps)
Gross Profit Margin	32.5%	35.5%	307
EBIT Margin	15.0%	18.0%	300
EBITDA Margin	18.9%	20.8%	195
Net Income Margin*	8.1%	9.1%	103
* Net income attributable to shareholders

&1#&"Calibri"&10&K000000

Summary-wTAS 29

AEFES Consolidated (TL mn)	FY2022	FY2023	Change %
Volume (mhl)	123.5	122.9	-0.5%
Net Sales Revenue	155,060.1	159,877.2	3.1%
Gross Profit	53,555.6	59,000.2	10.2%
EBIT (BNRI)	17,710.9	19,651.4	11.0%
EBITDA (BNRI)	27,020.9	28,573.1	5.7%
Net Income/(Loss)*	15,384.2	22,128.9	43.8%
FCF	3,052.3	9,262.0	203.4%
Change (bps)
Gross Profit Margin	34.5%	36.9%	236
EBIT (BNRI) Margin	11.4%	12.3%	87
EBITDA (BNRI) Margin	17.4%	17.9%	45
Net Income Margin*	9.9%	13.8%	392
Beer Group (TL mn)	FY2022	FY2023	Change %
Volume (mhl)	34.0	35.7	5.0%
Net Sales Revenue	61,872.4	58,003.5	-6.3%
Gross Profit	25,103.2	26,022.9	3.7%
EBIT (BNRI)	6,345.1	5,614.6	-11.5%
EBITDA (BNRI)	11,073.3	10,671.1	-3.6%
Net Income/(Loss)*	9,095.8	12,293.4	35.2%
FCF	2,916.2	4,984.4	70.90%
Change (bps)
Gross Profit Margin	40.6%	44.9%	429
EBIT (BNRI) Margin	10.3%	9.7%	-58
EBITDA (BNRI) Margin	17.9%	18.4%	50
Net Income Margin*	14.7%	21.2%	649
CCI (TL mn)	FY2022	FY2023	Change %
Volume (mn u/c)	1,576.8	1,535.4	-2.6%
Net Sales Revenue	93,189.6	101,042.4	8.4%
Gross Profit	28,478.6	33,039.7	16.0%
EBIT	11,473.9	14,474.9	26.2%
EBITDA	15,941.2	18,126.9	13.7%
Net Income/(Loss)*	13,876.7	20,579.8	48.3%
FCF	-483.0	3,862.7	n.m.
Change (bps)
Gross Profit Margin	30.6%	32.7%	214
EBIT Margin	12.3%	14.3%	201
EBITDA Margin	17.1%	17.9%	83
Net Income Margin*	14.9%	20.4%	548
* Net income attributable to shareholders

&1#&"Calibri"&10&K000000

EBITDA Reconciliation

EBITDA (TL mn)	FY2022	FY2023
Profit/loss from Operations	17,179.6	19,564.6
Depreciation and amortization	8,611.7	7,571.4
Provision for retirement pay liability	403.7	442.6
Provision for vacation pay liability	94.4	152.6
Foreign exchange gain/loss from operating activities	137.7	749.3
Rediscount interest income/expense from operating activities	0.6	7.3
Other	61.8	-1.5
EBITDA	26,489.6	28,486.4
EBITDA (BNRI*)	27,020.9	28,573.1
*Non-recurring items amounted to TL 531.3 million in FY2022 and TL 86.7 million in FY2023.

&1#&"Calibri"&10&K000000

Financial Income Expense

Financial Income / (Expense) Breakdown (TL mn)	FY2022	FY2023
Interest income	1,138.3	2,111.3
Interest expense	-5,462.6	-6,724.2
Foreign exchange gain /(loss)	1,555.1	433.0
Other financial expenses (net)	-553.1	-1,496.9
Gain/(loss) on derivative transactions	-1,603.1	483.1
Net Financial Income /(Expense)	-4,925.5	-5,193.8

&1#&"Calibri"&10&K000000

AEFES FCF

Free Cash Flow (TL mn)	FY2022	FY2023
EBITDA (BNRI)	27,020.9	28,573.1
Change in Working Capital	-6,865.0	-2,948.2
Income Taxes & Employee Benefits Paid	-4,570.0	-5,650.5
Payments of Lease Liabilities	-343.2	-487.5
CAPEX, net	-8,321.8	-10,222.5
Net Financial Income /(Expense)	-1,139.3	-3,099.8
Monetary Gain/Loss	-2,198.1	3,184.1
Non-Recurring Items	-531.3	-86.7
FCF	3,052.3	9,262.0
Other investing activities (Acquisitions, Disposals and Share Capital Increases)	-1,400.8	-675.7
FCF (after investing activities)	1,652.2	8,586.3

&1#&"Calibri"&10&K000000

Debt Table

&1#&"Calibri"&10&K000000

AEFES PL-wTAS29

ANADOLU EFES
Consolidated Income Statements for the Twelve-Months Period Ended 31.12.2022 and 31.12.2023
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2022/12	2023/12
SALES VOLUME (mhl)	123.5	122.9
SALES REVENUE	155,060.1	159,877.2
Cost of Sales (-)	-101,504.4	-100,877.0
GROSS PROFIT FROM OPERATIONS	53,555.6	59,000.2
Selling, Distribution and Marketing Expenses (-)	-28,166.4	-28,145.7
General and Administrative Expenses (-)	-12,643.4	-11,380.4
Other Operating Income /Expense (net)	463.4	90.5
EBIT (BNRI)	17,710.9	19,651.4
Income /Expense from Investing Activities (net)	-454.9	470.8
Income / (Loss) from Associates	445.5	-143.8
OPERATING PROFIT BEFORE FINANCE INCOME/(EXPENSE)	17,170.2	19,891.6
Financial Income / Expense (net)	-4,925.5	-5,193.8
Monetary Gain / Loss	17,577.3	26,754.9
PROFIT BEFORE TAX FROM CONTINUING OPERATIONS	29,822.0	41,452.8
Continuing Operations Tax Income/(Expense)
- Current Period Tax Expense (-) / Income	-4,277.2	-4,981.5
- Deferred Tax Expense (-) / Income	-2,541.2	-2,929.5
Income/(loss) after tax for the year from disc. operations	0.0	0.0
INCOME/(LOSS) FOR THE PERIOD	23,003.6	33,541.8
Attributable to:
Non-Controlling Interest	7,619.4	11,412.9
EQUITY HOLDERS OF THE PARENT	15,384.2	22,128.9
EBITDA (BNRI)*	27,020.9	28,573.1
*Non-recurring items amounted to TL 531.3 million in 2022 and TL 86.7 million in 2023
Note: EBITDA comprises of Profit from Operations, depreciation and other relevant non-cash items up to Profit from Operations.

&1#&"Calibri"&10&K000000

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 31.12.2022 and 31.12.2023
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2022/12	2023/12
Cash & Cash Equivalents	39,326.8	41,271.9
Financial Investments	1,252.8	375.8
Derivative Instruments	36.5	165.7
Trade Receivables from Third Parties	11,627.5	13,851.4
from Related Parties	1,362.1	1,529.4
Other Receivables	1,278.7	460.4
Inventories	23,545.9	24,877.9
Other Current Assets	7,395.9	7,595.7
TOTAL CURRENT ASSETS	85,826.2	90,128.1
Trade Receivables	3.2	1.3
Financial Investments	11.0	10.9
Investments in Associates	441.8	0.5
Property, Plant and Equipment (incl. inv properties)	56,948.2	57,615.1
Right of Use Assets	1,426.7	2,041.9
Other Intangible Assets	101,263.5	93,454.8
Goodwill	16,435.4	12,580.2
Deferred Tax Assets	4,029.6	6,075.0
Derivative Instruments	25.1	33.4
Other Non-Current Assets	1,834.0	3,284.4
TOTAL NON-CURRENT ASSETS	182,418.3	175,097.6
TOTAL ASSETS	268,244.6	265,225.7
2022/12	2023/12
Short-term Borrowings	12,333.0	12,162.9
Current portion of long term borrowings	6,886.8	11,065.3
Current portion of term lease obligations (IFRS 16)	454.0	640.2
Derivative Instruments	502.7	279.5
Current Trade Payables to Third Parties	30,984.4	31,820.1
to Related Parties	2,024.4	1,239.3
Other Current Payables	11,748.0	17,054.2
Provision for Corporate Tax	451.5	591.3
Provisions	2,155.8	1,787.6
Other Liabilities	1,718.2	1,857.1
TOTAL CURRENT LIABILITIES	69,259.0	78,497.4
Long-term Borrowings	41,313.8	35,213.2
Long term lease obligations (IFRS 16)	1,036.2	1,066.6
Non Current Trade Payables	0.2	2.1
Deferred Tax Liability	19,464.7	19,346.5
Derivative Instruments	898.5	3.0
Other Non Current Liabilities	1,546.9	1,219.0
TOTAL NON-CURRENT LIABILITIES	64,260.4	56,850.4
TOTAL EQUITY	134,725.2	129,877.9
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	268,244.6	265,225.7
Note 1: "Financial Investments" in Current Assets includes the time deposits with a original maturity more than three months.

&1#&"Calibri"&10&K000000

BEER GROUP-wTAS29

BEER GROUP
Consolidated Income Statements for the Twelve-Months Period Ended 31.12.2022 and 31.12.2023
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2022/12	2023/12
Sales Volume (mhl)	34.0	35.7
Sales Revenue	61,872.4	58,003.5
Cost of Sales (-)	-36,769.2	-31,980.5
Gross Profit from Operations	25,103.2	26,022.9
EBIT (BNRI)	6,345.1	5,614.6
Operating Profit Before Finance Income/(Expense)	6,023.7	5,928.7
Profit Before Tax from Continuing Operations	11,598.8	15,469.4
Income/(Loss) for the Period	9,365.0	13,995.3
Equity Holders of the Parent	9,095.8	12,293.4
EBITDA (BNRI)*	11,073.3	10,671.1
*Non-recurring items amounted to TL 531.3 million in 2022 and TL 86.7 million in 2023
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 31.12.2022 and 31.12.2023
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2022/12	2023/12
Cash & Cash Equivalents	16,243.7	19,465.6
Financial Investments	0.0	0.0
Derivative Instruments	17.7	24.3
Trade Receivables	6,830.2	6,386.5
Other Receivables	1,210.8	299.7
Inventories	12,353.1	11,824.9
Other Current Assets	2,675.5	3,504.0
TOTAL CURRENT ASSETS	39,331.1	41,505.0
Trade Receivables	3.2	1.3
Financial Investments	11.0	10.9
Investments in Associates	9,929.9	9,802.4
Property, Plant and Equipment (incl. inv properties)	21,276.8	18,629.3
Right of Use Assets	772.8	683.8
Other Intangible Assets	27,987.3	21,199.4
Goodwill	10,986.7	7,774.8
Deferred Tax Assets	3,611.6	4,669.0
Other Non-Current Assets	1,135.1	1,702.5
TOTAL NON-CURRENT ASSETS	75,714.3	64,473.4
TOTAL ASSETS	115,045.3	105,978.4
Current portion of long term borrowings	1,544.4	1,686.4
Short-term Borrowings	8,212.2	3,097.9
Current portion of term lease obligations (IFRS 16)	282.0	371.9
Derivative Instruments	344.8	0.0
Current Trade Payables	19,435.8	20,228.2
Other Current Payables	8,861.2	8,609.9
Provision for Corporate Tax	178.9	188.4
Provisions	870.5	814.1
Other Liabilities	1,200.9	1,478.5
TOTAL CURRENT LIABILITIES	40,930.7	36,475.4
Long-term Borrowings	17,115.5	16,649.1
Long term lease obligations (IFRS 16)	457.7	310.1
Deferred Tax Liability	5,674.3	4,815.3
Other Non Current Liabilities	551.7	333.2
TOTAL NON-CURRENT LIABILITIES	23,799.3	22,107.7
TOTAL EQUITY	50,315.3	47,395.3
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	115,045.3	105,978.4
* 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	5.6
Sales Revenue	6,970.9	12,490.2
Gross Profit From Operations	3,505.8	5,216.9
EBIT (BNRI)*	352.0	-1,462.0
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	5.6
Satış Gelirleri	6,970.9	12,490.2
Ticari Faaliyetlerden Brüt Kar	3,505.8	5,216.9
Faaliyet Karı (BMKÖ)*	352.0	-1,462.0
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)	28.3	29.5
Sales Revenue	49,153.2	41,906.0
Gross Profit From Operations	19,750.6	18,392.2
EBIT (BNRI)*	7,802.2	6,493.8
EBITDA (BNRI)*	10,490.9	9,198.1
*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)	28.3	29.5
Satış Gelirleri	49,153.2	41,906.0
Ticari Faaliyetlerden Brüt Kar	19,750.6	18,392.2
Faaliyet Karı (BMKÖ)*	7,802.2	6,493.8
FAVÖK (BMKÖ)*	10,490.9	9,198.1
* 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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(milyon ABD Doları)
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&1#&"Calibri"&10&K000000

CCI-wTAS29

SOFT DRINK OPERATIONS (CCI)
Consolidated Income Statements For theTwelve-Months Period Ended 31.12.2022 and 31.12.2023
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2022/12	2023/12
SALES VOLUME (UC millions)	1,576.8	1,535.4
SALES REVENUE	93,189.6	101,042.4
Cost of Sales (-)	-64,711.0	-68,002.6
GROSS PROFIT FROM OPERATIONS	28,478.6	33,039.7
Selling, Distribution and Marketing Expenses (-)	-12,892.1	-14,535.2
General and Administrative Expenses (-)	-3,546.4	-4,274.3
Other Operating Income /Expense (net)	-566.1	244.7
EBIT	11,473.9	14,475.0
Income / Expense From Investing Activities (net)	457.6	-26.4
Income / (Loss) from Associates	-5.2	-16.8
OPERATING PROFIT BEFORE FINANCE INCOME/(EXPENSE)	11,926.3	14,431.7
Financial Income / Expenses (net)	-2,472.2	-4,198.1
Monetary Gain / Loss	9,548.9	15,722.6
PROFIT BEFORE TAX FROM CONTINUING OPERATIONS	19,003.0	25,956.2
-Deferred Tax Income/(Expense)	-1,670.6	-1,329.7
-Current Period Tax Expense	-2,945.2	-3,466.0
INCOME/(LOSS) FOR THE PERIOD	14,387.2	21,160.5
Profit/(Loss) Attributable to:
Non-Controlling Interest	-510.5	-580.7
Equity Holders of the Parent	13,876.7	20,579.8
EBITDA	15,941.2	18,126.9
SOFT DRINK OPERATIONS (CCI)
Consolidated Balance Sheets as of 31.12.2022 and 31.12.2023
Prepared in accordance with TAS/TFRS as per CMB Regulations
TAS 29 (Financial Reporting in Hyperinflationary Economies) implemented
(TL mn)
2022/12	2023/12
Cash and Cash Equivalents	23,083.0	21,754.7
Investments in Securities	1,252.8	375.8
Derivative Financial Instruments	18.7	141.4
Trade Receivables	6,122.7	8,814.5
Other Receivables	133.8	120.5
Inventories	11,192.9	12,982.5
Prepaid Expenses	2,134.3	1,866.5
Tax Related Current Assets	767.4	634.9
Other Current Assets	1,818.8	1,563.7
TOTAL CURRENT ASSETS	46,524.4	48,254.4
Derivative Financial Instruments	25.1	33.4
Other Receivables	174.8	134.9
Right of Use Asset	653.9	542.2
Property, Plant and Equipment	33,678.1	35,234.5
Intangible Assets	20,005.6	19,300.2
Goodwill	5,288.3	4,645.0
Prepaid Expenses	524.1	1,217.2
Deferred Tax Asset	385.0	580.7
Other Non Current Asset	0.0	215.4
TOTAL NON-CURRENT ASSETS	60,734.8	61,903.6
TOTAL ASSETS	107,259.2	110,158.0
2022/12	2023/6
Short-term Borrowings	4,005.2	8,533.2
Current Portion of Long-term Borrowings	5,342.4	9,334.2
Financial lease payables	190.0	195.9
Trade Payables	13,650.2	18,596.2
Payables Related to Employee Benefits	280.4	361.3
Other Payables	2,821.9	2,493.7
Derivative Financial Instruments	157.8	278.4
Provision for Corporate Tax	272.7	409.0
Current Provisions	1,285.3	966.4
Other Current Liabilities	378.5	339.6	394.00 [$€-1]
TOTAL CURRENT LIABILITIES	28,384.5	41,507.9
Long-term Borrowings	24,198.3	18,511.9
Financial lease payables	609.6	464.4
Trade and Other Payables	2.7	5.0
Provision for Employee Benefits	896.6	731.8
Deferred Tax Liability	5,032.8	3,935.0
Derivative Financial Instruments	894.1	3.0
Other Non-Current Liabilities	90.3	44.3
TOTAL NON-CURRENT LIABILITIES	31,724.4	23,695.3
TOTAL EQUITY	47,150.3	44,954.8
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	107,259.2	110,158.0
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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