Dogan Sirketler Grubu : 01 April – 30 June (1st Quarter)

CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH

DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD ENDED 1 JANUARY - 30 JUNE 2023

DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.
CONTENTS	PAGES
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION	1-2
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS	3
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME	4
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	5-6
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW	7-8
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	9-69

DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023

(Amounts expressed in thousands of Turkish Lira ("TRY") unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)

		Reviewed	Audited
		Current Period	Prior Period
ASSETS	Notes	30 June 2023	31 December 2022
Current assets		41,410,085	30,042,260
Cash and cash equivalents	6	8,697,183	7,049,564
Financial investments	7	16,318,992	10,044,176
Trade receivables
- Due from related parties	28	8,600	13,329
- Due from non-related parties	9	4,251,018	5,234,417
Receivables from finance sector operations
- Due from related parties	28	65,664	817
- Due from non-related parties		2,488,700	1,839,487
Balances with the Central Bank of the Republic of Turkey		107,676	38,265
Other receivables
- Due from related parties	28	1,228	-
- Due from non-related parties	10	137,143	64,067
Inventories	11	3,225,438	4,301,636
Prepaid expenses		3,414,911	1,005,998
Derivative instruments		739,752	117,676
Assets arising from customer contracts		-	8,286
Biological assets		37,606	25,049
Assets related to current tax	26	-	7,116
Other current assets	19	234,320	292,377
Subtotal		39,728,231	30,042,260
Non-current assets classified as held for sale	25	1,681,854	-
Non-current assets		12,730,837	12,189,313
Trade receivables
- Due from non-related parties		176	12,825
Financial investments	7	1,173,520	918,457
Investments accounted for by the equity method	4	728,606	562,039
Investment properties	12	2,753,709	2,640,995
Property, plant and equipment	13	3,312,561	3,250,421
Intangible assets
- Other intangible assets	14	2,529,477	2,437,882
- Goodwill	14	433,719	437,023
Rights of use assets	15	494,672	708,963
Prepaid expenses		368,966	176,122
Derivative instruments		97,438	70,820
Deferred tax asset	26	769,073	889,666
Other non-current assets	19	68,920	84,100
Total assets		54,140,922	42,231,573

The condensed consolidated financial statements as of and for the period ended 30 June 2023 have been approved by the Board of Directors on 17 August 2023.

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

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DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş.

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023

(Amounts expressed in thousands of Turkish Lira ("TRY") unless otherwise indicated. Currencies other than TRY, expressed in thousands unless otherwise indicated.)

		Reviewed	Audited
LIABILITIES	Notes	Current Period	Prior Period
30 June 2023	31 December 2022
Short-term liabilities		17,993,878	14,850,734
Short-term borrowings
- Short-term borrowings from non-related parties	8	6,186,764	6,812,109
- Bank borrowings
- Issued debt instruments	8	1,389,284	1,210,891
Short-term portion of long- term borrowings
- Short-term portion of long term borrowings from related parties	8, 28	1,138	17,543
- Lease borrowings
- Short-term portion of long- term borrowings from non-related parties	8	1,716,886	1,126,195
- Bank borrowings
- Lease borrowings	8	165,275	134,970
Trade payables		10,058	5,479
- Due to related parties	9
- Due to non-related parties	3,063,842	2,978,637
Payables from finance sector operations		10	59
- Due to related parties
- Due to non-related parties	20	567,881	215,200
Payables related to employee benefits	249,002	234,605
Deferred income (Except obligations arising from customer contracts)
- Deferred income from non-related parties		532,552	469,551
(Except obligations arising from customer contracts)
Derivative instruments		5,287	9,988
Other payables	10	386,724	163,766
- Due to non-related parties
Current income tax liability	26	524,624	220,230
Short-term provisions	20	127,430	95,456
- Short-term provisions for employment benefits
- Other short-term provisions	17	2,899,680	1,152,221
Other short term liabilities		59,882	3,834
Subtotal		17,877,319	14,850,734
Liabilities related to asset groups classified as held for sale	25	116,559	-
Long-term liabilities		3,783,749	3,876,571
Long-term borrowings
- Long-term borrowings from related parties
- Lease borrowings	8	32	12,303
- Long -term borrowings from non-related parties	8	2,019,597	2,071,244
- Bank borrowings
- Lease borrowings	8	408,576	515,386
Investments accounted for by the equity method	4	190,100	177,280
Other payables	10	10,297	95,710
- Due to non-related parties
Deferred income (Except obligations arising from customer contracts)
- Deferred income from non-related parties		12,237	22,882
(Except obligations arising from customer contracts)
Long-term provisions	20	350,078	323,510
- Long-term provisions for employment benefits
- Other long term provisions		6,036	7,970
Derivative instruments	26	-	6,090
Deferred tax liability	786,796	644,196
EQUITY		32,363,295	23,504,268
Equity attributable to equity holders of the parent company		29,591,294	20,217,048
Share capital	21	2,616,938	2,616,938
Adjustments to share capital	21	143,526	143,526
Repurchased shares (-)	21	(59,533)	(59,533)
Share premiums (discounts)		35,159	35,159
Other comprehensive income (losses) that will not be reclassified in profit or loss
- Actuarial gains (losses) on defined benefit plans		(207,874)	(139,410)
Shares not classified as profit or loss from other comprehensive income of		(17,312)	(4,041)
investments accounted for by equity method
Other comprehensive income (losses) that will be reclassified in profit or loss		7,848,936	4,040,005
- Change in currency translation reserves
- Gain (loss) on revaluation and reclassification of financial assets held for sale		(206,749)	(308,824)
Restricted reserves		2,633,316	1,867,062
Dividend advances paid (net) (-)		-	(291,000)
Retained earnings or accumulated losses		10,294,815	6,302,756
Net profit or loss for the period		6,510,072	6,014,410
Non-controlling interests		2,772,001	3,287,220
Total liabilities		54,140,922	42,231,573

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

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