Enka Insaat ve Sanayi : Financial Report June 30, 2023
August 16, 2023 at 01:22 pm EDT
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ENKA İNŞAAT VE SANAYİ
ANONİM ŞİRKETİ
AND ITS SUBSIDIARIES
Condensed Consolidated Interim Financial
Statements as at and for the Six-Months Period Ended with Independent Auditor's Review
Report
30 June 2023
TABLE OF CONTENTS
PAGE
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION
1-2
CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS
3
CONDENSED CONSOLIDATED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME
4
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY
5
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS
6
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
7-29
NOTE 1
ORGANIZATIONS AND OPERATIONS OF THE GROUP
7
NOTE 2
BASIS OF PRESENTATION OF CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
8-14
NOTE 3
CHANGES IN OPERATIONAL SEASON
14
NOTE 4
SEGMENTAL INFORMATION
15-19
NOTE 5
CONSTRUCTION CONTRACTS
20
NOTE 6
INVESTMENT PROPERTY
20
NOTE 7
PROPERTY, PLANT AND EQUIPMENT
20
NOTE 8
COMMITMENTS
21
NOTE 9
RELATED PARTY BALANCES AND TRANSACTIONS
22
NOTE 10
SHARE CAPITAL AND RESERVES
22
NOTE 11
INVESTMENT INCOME / EXPENSES
23
NOTE 12
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
24-27
NOTE 13
FINANCIAL INSTRUMENTS - FAIR VALUE EXPLANATIONS AND
ACCOUNTING POLICY FOR HEDGING FINANCIAL RISK
28-29
NOTE 14
SUBSEQUENT EVENTS
29
ENKA İNŞAAT VE SANAYİ A.Ş. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023
(Amounts are expressed in thousands of U.S. Dollars ("USD") unless otherwise stated.)
Reviewed
Audited
30 June
31 December
ASSETS
Note
2023
2022
Current Assets
3,544,302
3,536,158
Cash and cash equivalents
1,091,291
1,026,291
Financial investments
13
1,525,044
1,478,120
Trade receivables
311,254
312,974
Other receivables
Other receivables from related parties
5
-
Other receivables from third parties
7,589
7,146
Inventories
288,252
372,327
Prepaid expenses
242,399
232,137
Costs and estimated earnings in excess of billings
on uncompleted contracts
5
23,904
28,255
Other current assets
39,999
62,375
3,529,737
3,519,625
Assets held for sale
14,565
16,533
Non-Current Assets
4,778,928
5,044,379
Financial investments
13
2,116,028
2,092,693
Investment properties
6
1,830,025
2,028,224
Property, plant and equipment
731,395
819,799
Right of use assets
58,372
59,524
Intangible assets
Other intangible assets
15,365
16,487
Deferred tax assets
23,355
21,563
Prepaid expenses
4,323
6,021
Other non-current assets
65
68
TOTAL ASSETS
8,323,230
8,580,537
The accompanying notes form an integral part of these condensed consolidated interim financial statements.
1
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Enka Insaat ve Sanayi AS published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 17:21:01 UTC.
ENKA Insaat ve Sanayi AS is a Turkey-based company, which is mainly engaged in the construction sector. The Company operates under the following business segments: Construction, Rental, Energy and Trading and Manufacturing. ENKA Insaat ve Sanayi AS operates in: Turkey, engaged in diverse types of construction activities including construction of industrial and social buildings, motorways and construction and operation of natural gas fired electrical energy generation facilities; Russian Federation, Georgia, Turkmenistan and Kazakhstan, engaged in construction activities and also in investment and development of real estate properties and shopping malls in Moscow, Russia; engaged in construction activities in Gabon, Djibouti, Mauritania and Equatorial Guinea in Africa, Saudi Arabia, Oman, Iraq and Afghanistan in Asia and also in Dominican Republic, as well as in Europe, engaged in construction and trading activities in Romania, the Netherlands, Switzerland, Germany and Kosovo.
ENKA INSAAT VE SANAYI 
