Bizim Toptan Satis Magazalari : 2022 3Q Financial Statements and Footnotes

(CONVENIENCE TRANSLATION OF FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

BİZİM TOPTAN SATIŞ MAĞAZALARI A.Ş. AND ITS SUBSIDIARIES

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY - 30 SEPTEMBER 2022

BİZİM TOPTAN SATIŞ MAĞAZALARI A.Ş. AND ITS SUBSIDIARIES

INDEX	............................................................................................................................................PAGE
CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION	1-2
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME....................................................................................	3
CONDENSED INTERIMCONSOLIDATED STATEMENT OF CHANGES IN EQUITY .	4
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS ...............	5
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL
STATEMENTS ..........................................................................................................................	6-49
NOTE 1	ORGANIZATION AND OPERATIONS OF THE GROUP ........................................................................	6
NOTE 2	BASES OF PRESENTATION OF CONDENSED INTERIM CONSOLIDATED FINANCIAL
	STATEMENTS.............................................................................................................................................	7-10
NOTE 3	CASH AND CASH EQUIVALENTS...........................................................................................................	11
NOTE 4	FINANCIAL LIABILITIES..........................................................................................................................	11-12
NOTE 5	TRADE RECEIVABLES AND PAYABLES...............................................................................................	13
NOTE 6	OTHER RECEIVABLES AND PAYABLES...............................................................................................	14
NOTE 7	INVENTORIES....................................................... ......................................................................................	14
NOTE 8	PREPAID EXPENSES AND DEFERRED INCOMES.................................................................................	14-15
NOTE 9	TANGIBLE ASSETS AND RIGHT OF USE ASSETS ...............................................................................	16-19
NOTE 10	INTANGIBLE ASSETS ...............................................................................................................................	20-21
NOTE 11	PROVISIONS, CONTINGENT ASSETS AND LIABILITIES AND COMMITMENTS ...........................	22-23
NOTE 12	SHORT AND LONG-TERM EMPLOYEE BENEFITS ..............................................................................	24-25
NOTE 13	OTHER ASSETS AND LIABILITIES .........................................................................................................	25
NOTE 14	SHAREHOLDERS' EQUITY ......................................................................................................................	26
NOTE 15	REVENUE AND COST OF SALES ............................................................................................................	27
NOTE 16	GENERAL ADMINISTRATIVE EXPENSES
	MARKETING. SALES AND DISTRIBUTION EXPENSES ......................................................................	27
NOTE 17	EXPENSES BY NATURE............................................................................................................................	27-28
NOTE 18	OTHER OPERATING INCOME/EXPENSES .............................................................................................	28
NOTE 19	INCOME/EXPENSE RELATED TO INVESTING ACTIVITIES...............................................................	29
NOTE 20	FINANCE EXPENSES .................................................................................................................................	29
NOTE 21	INCOME TAXES (DEFERRED TAX ASSETS AND LIABILITIES) ........................................................	30-32
NOTE 22	EARNINGS PER SHARE ............................................................................................................................	33
NOTE 23	BALANCES AND TRANSACTIONS WITH RELATED PARTIES ..........................................................	33-41
NOTE 24	NATURE AND LEVEL OF RISKS DERIVED FROM FINANCIAL INSTRUMENTS ............................	41-46
NOTE 25	EVENTS AFTER REPORTING DATE .......................................................................................................	46
OTHER INFORMATIONS
APPENDIX-1 SUPPLEMENTARY OTHER
INFORMATIONS..............................................................................................................................................................	47-49

BİZİM TOPTAN SATIŞ MAĞAZALARI A.Ş. AND ITS SUBSIDIARIES

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2022

(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated)

		Current
		Period		Prior Period
		30 September		31 December
ASSETS	Notes	2022	2021
Current Assets		2,688,938,043	1,540,869,062
Cash and Cash Equivalents	3	512,848,473	585,389,621
Trade Receivables		337,912,429	173,585,414
Due from Related Parties	5,23	9,802,833	6,872,024
Due from Third Parties	5	328,109,596	166,713,390
Other Receivables		7,261,903	1,505,217
Other Receivables from-Related Parties	6,23	4,373,445	1,426,957
Other Receivables from Third Parties	6	2,888,458	78,260
Inventories	7	1,724,806,356	733,557,865
Prepaid Expenses	8	66,961,274	42,870,580
Other Current Assets		39,147,608	3,960,365
Non-Current Assets		764,858,700	597,627,987
Other Receivables		12,548,968	4,487,429
Other Receivables from Third Parties	6	12,548,968	4,487,429
Tangible Assets	9	397,790,195	299,449,463
Right of Use Assets	9	252,562,786	197,184,132
Intangible Assets	10	50,340,431	58,900,435
Prepaid Expenses	8	-	165,219
Deferred Tax Assets	21	51,616,320	37,441,309
TOTAL ASSETS		3,453,796,743	2,138,497,049

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

1

BİZİM TOPTAN SATIŞ MAĞAZALARI A.Ş. AND ITS SUBSIDIARIES

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2022

(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated)

		Current Period		Prior Period
LIABILITIES	Notes	30 September 2022	31 December 2021
Current Liabilities		2,881,629,206
	1,730,315,335
Short-term Borrowings		101,466,679	77,947,066
- Financial Lease Obligations	4	1,032,720	904,083
- Lease Liabilities due to Related Parties	4	300,599		251,248
- Lease Liabilities due to Third Parties	4	100,133,560	76,791,735
Trade Payables		2,551,023,497
	1,540,384,205
- Due to Related Parties	5,23	457,014,169	244,734,390
- Due to Third Parties	5	2,094,009,328
	1,295,649,815
Liabilities for Employee Benefits	12	52,970,366	19,589,604
Deferred Income	8	41,929,606	10,182,487
Current Income Tax Liabilities	21	5,102,573	21,505,163
Short-term Provisions		122,013,609	54,698,101
- Provision for Employee Benefits	12	56,769,655	27,703,064
- Other Short-term Provisions	11	65,243,954	26,995,037
Other Current Liabilities		7,122,876	6,008,709
- Other Current Liabilities to Related Parties	13	-		22,365
- Other Current Liabilities to Third Parties	13	7,122,876	5,986,344
Non-Current Liabilities		260,690,058	192,086,824
Long-term Borrowings		183,529,963	143,913,801
- Financial Lease Obligations	4	287,884		1,133,526
- Lease Liabilities due to Related Parties		773,034		686,906
- Lease Liabilities due to Third Parties	4	182,469,045	142,093,369
Long-term Provisions		71,227,892	42,240,820
- Provision for Employee Benefits	12	71,227,892	42,240,820
Deferred Income	8	5,932,203	5,932,203
EQUITY		311,477,479	216,094,890
Shareholders' Equity		311,506,545	216,118,005
Share Capital	14	60,000,000	60,000,000
Treasury shares		(13,533,492)	(13,533,492)
Other Comprehensive Expense not to be
Reclassified to Profit or Loss		(18,275,734)	(21,566,572)
- Defined benefit plans remeasurement losses	14	(18,275,734)	(21,566,572)
Restricted Reserves Appropriated from Profits	14	14,330,810	14,330,810
Retained Earnings	14	176,887,259	94,619,369
Net Profit		92,097,702	82,267,890
Non-Controlling Interests		(29,006)	(23,115)
TOTAL LIABILITIES		3,453,796,743
	2,138,497,049

2

BİZİM TOPTAN SATIŞ MAĞAZALARI A.Ş. AND ITS SUBSIDIARIES

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2022

(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated)

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

3