Enka Insaat ve Sanayi : Financial Report June 30, 2022

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 2022

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.......................................	7-28
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.............................................................	23-26
NOTE 13	FINANCIAL INSTRUMENTS - FAIR VALUE EXPLANATIONS AND
	ACCOUNTING POLICY FOR HEDGING FINANCIAL RISK..........................................................................	27-28
NOTE 14	SUBSEQUENT EVENTS .......................................................................................................................................	28
NOTE 15	OTHER MATTERS THAT NEED TO BE DISCLOSED FOR THE FINANCIAL
	STATEMENTS TO BE CLEAR AND UNDERSTOOD………………………………………………………	28

ENKA İNŞAAT VE SANAYİ A.Ş. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2022

(Amounts are expressed in thousands of U.S. Dollars ("USD") unless otherwise stated.)

			Reviewed		Audited
			30 June		31 December
ASSETS	Note		2022		2021
Current Assets		3,775,566	5,106,690
Cash and cash equivalents		1,293,084	2,061,707
Financial investments		1,502,546	2,207,993
Trade receivables		322,786	275,795
Other receivables
Other receivables from related parties		2	2
Other receivables from third parties		13,706	13,512
Inventories		321,593	255,739
Prepaid expenses		231,189	185,854
Costs and estimated earnings in excess of billings
on uncompleted contracts	5	18,243	22,371
Other current assets			52,835		63,417
		3,755,984	5,086,390
Assets held for sale		19,582	20,300
Non-Current Assets		4,871,968	3,995,644
Financial investments		1,588,616	995,731
Trade receivables		-	8,759
Investment properties	6	2,424,671	2,030,204
Property, plant and equipment		786,258	887,418
Intangible assets
Other intangible assets		56,371	58,682
Deferred tax assets		14,745	13,239
Prepaid expenses		1,199	1,533
Other non-current assets		108	78
TOTAL ASSETS		8,647,534	9,102,334

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

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