HACI ÖMER SABANCI HOLDİNG A.Ş.

CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD 1 JANUARY - 30 JUNE 2022 TOGETHER WITH AUDITOR'S REVIEW REPORT

(ORIGINALLY ISSUED IN TURKISH)

CONTENTS

PAGE

CONDENSED CONSOLIDATED BALANCE SHEETS .......................................................

1-2

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS .......................

3

CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE

INCOME

....................................................................................................................................

4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY...............

5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW ................................

6

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS..........

7-83

NOTE 1

ORGANISATION AND OPERATIONS OF THE GROUP ...............................................................

7-8

NOTE 2

BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS .......................

9-14

NOTE 3

BUSINESS COMBINATIONS ...........................................................................................................

15-16

NOTE 4

SEGMENT REPORTING....................................................................................................................

16-36

NOTE 5

FINANCIAL ASSETS.........................................................................................................................

37-39

NOTE 6

FINANCIAL LIABILITIES.................................................................................................................

40-41

NOTE 7

LEASE LIABILITIES..........................................................................................................................

41-42

NOTE 8

OTHER RECEIVABLES AND PAYABLES......................................................................................

43

NOTE 9

INVESTMENTS ACCOUNTED THROUGH EQUITY METHOD...................................................

43-45

NOTE 10

PROPERTY, PLANT AND EQUIPMENT .........................................................................................

46-47

NOTE 11

INTANGIBLE ASSETS ..................................................................................................................... .

48-49

NOTE 12

RIGHT OF USE ASSETS................................................................................................................... .

50-51

NOTE 13

GOODWILL ........................................................................................................................................

52

NOTE 14

PROVISIONS, CONTINGENT ASSETS AND LIABILITIES ..........................................................

52-55

NOTE 15

COMMITMENTS................................................................................................................................

56-59

NOTE 16

OTHER ASSETS AND LIABILITIES................................................................................................

60

NOTE 17

EQUITY...............................................................................................................................................

60-62

NOTE 18

ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS...............................................

62-63

NOTE 19

OTHER INCOME AND EXPENSES FROM OPERATING ACTIVITIES .......................................

64

NOTE 20

INCOME AND EXPENSES FROM INVESTING ACTIVITIES.......................................................

64-65

NOTE 21

FINANCIAL INCOME / EXPENSES.................................................................................................

65

NOTE 22

TAX ASSETS AND LIABILITIES.....................................................................................................

66-69

NOTE 23

DERIVATIVES ...................................................................................................................................

70

NOTE 24

RECEIVABLES FROM FINANCE SECTOR OPERATIONS...........................................................

71-72

NOTE 25

PAYABLES FROM FINANCE SECTOR OPERATIONS .................................................................

73

NOTE 26

RELATED PARTY DISCLOSURES..................................................................................................

74

NOTE 27

NATURE AND LEVEL OF RISKS DERIVED FROM FINANCIAL INSTRUMENTS...................

75-78

NOTE 28

FINANCIAL INSTRUMENTS ...........................................................................................................

79-82

NOTE 29

EVENTS AFTER THE REPORTING PERIOD..................................................................................

83

HACI ÖMER SABANCI HOLDİNG A.Ş.

CONDENSED CONSOLIDATED BALANCE SHEET AT 30 JUNE 2022 AND 31 DECEMBER 2021 (Amounts expressed in thousands of Turkish Lira ("TRY") unless otherwise indicated. Currencies other than TRY are expressed in thousands unless otherwise indicated.)

Reviewed

Audited

Note

30 June

31 December

ASSETS

References

2022

2021

Current Assets

617.875.266

465.289.463

Cash and Cash Equivalents

63.164.647

69.417.883

Reserve Deposits with the Central Bank

123.889.940

81.792.492

of the Republic of Turkey

Financial Investments

41.843.346

40.134.206

- Fair Value Through Profit or Loss

5.a

7.934.458

11.288.001

- Fair Value Through Other Comprehensive Income

5.b

14.954.227

15.853.577

- At Amortized Cost

5.c

18.694.045

12.629.008

- Time Deposit

5.d

260.616

363.620

Trade Receivables

6.287.466

4.254.881

- Trade receivables from related parties

215.372

203.792

- Trade receivables from non-related parties

6.072.094

4.051.089

Receivables from Finance Sector Operations

24

324.366.439

225.676.033

Other Receivables

8

6.498.496

3.753.288

Derivative Financial Instruments

23

19.496.333

23.646.983

Inventories

11.139.222

7.520.997

Prepaid Expenses

4.585.771

2.353.369

Deferred Insurance Expenses

754.853

474.946

Assets Related to Current Tax

22

5.859.705

136.708

Other Current Assets

16

9.481.277

5.433.104

617.367.495

464.594.890

Non-current Assets Held for Sale

18

507.771

694.573

Non-current Assets

439.659.576

354.474.326

Financial Assets

179.763.155

131.979.497

- Fair Value Through Other Comprehensive Income

5.b

124.465.087

87.077.994

- At Amortized Cost

5.c

55.298.068

44.901.503

Trade Receivables

1.266

6.086

- Trade receivables from non-related parties

1.266

6.086

Receivables From Finance Sector Operations

24

181.644.815

160.936.678

Other Receivables

8

1.155.710

503.230

Derivative Financial Instruments

23

36.434.717

27.349.132

Investments Accounted Through Equity Method

9

9.926.838

8.763.569

Investment Property

463.082

383.871

Property, Plant and Equipment

10

12.443.711

10.569.872

Right Of Use Assets

12

2.537.887

1.980.324

Intangible Assets

12.821.692

10.480.408

- Goodwill

13

3.659.057

2.522.764

- Other Intangible Asset

11

9.162.635

7.957.644

Prepaid Expenses

382.085

46.052

Deferred Insurance Expenses

717.320

642.071

Deferred Tax Assets

22

1.170.014

660.696

Other Non-current Assets

16

197.284

172.840

Total Assets

1.057.534.842

819.763.789

These consolidated financial statements have been approved for issue by the Board of Directors on 11 August 2022. General Assembly has the right to change these consolidated financial statements.

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

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Haci Ömer Sabanci Holding AS published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2022 08:35:03 UTC.