Financial Statements 30.09.2021

(CONVENIENCE TRANSLATION OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF 30 SEPTEMBER 2021

INDEX	PAGE
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION ............	1-3
CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME ................................................................................................................	4-5
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY .............	6
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS.............................	7-8
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS ......	9-41

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

Condensed Consolidated Statement of Financial Position as of 30 September 2021

(Amounts are expressed in Turkish Lira (TL) unless otherwise stated.)

		Not reviewed	Audited
		Current Period	Prior Period
		30 September	31 December
	Notes	2021	2020
ASSETS
Current Assets		2.344.328.534	1.909.488.901
Cash and Cash Equivalents	3	518.889.205	448.831.807
Financial Investments	9	95.634.022	85.754.711
Trade Receivables	4-5	1.032.370.276	926.136.800
Trade Receivables from Related Parties	4	89.358.667	18.472.262
Trade Receivables from Third Parties		943.011.609	907.664.538
Other Receivables		7.924.042	12.242.448
Other Receivables from Related Parties	4	1.861.667	-
Other Receivables from Third Parties		6.062.375	12.242.448
Inventories	6	656.979.852	352.430.450
Prepaid Expenses	7	24.236.222	75.737.614
Current Tax Assets		-	134.884
Other Current Assets		8.294.915	8.220.187
Non-current Assets		2.140.805.804	2.063.237.639
Other Receivables		3.462.551	2.988.820
Other Receivables from Third Parties		3.462.551	2.988.820
Investment Properties		30.498.038	29.954.268
Right-of-use Assets		17.384.393	16.791.857
Property, Plant and Equipment	8	1.892.246.931	1.835.124.391
Intangible assets		77.211.474	83.063.745
Goodwill		7.062.941	7.062.941
Other Intangible Assets	8	70.148.533	76.000.804
Prepaid Expenses	7	36.625.339	6.851.266
Deferred Tax Assets	14	79.969.446	87.956.953
Other Non-current Assets		3.407.632	506.339
TOTAL ASSETS		4.485.134.338	3.972.726.540

1

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

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

Condensed Consolidated Statement of Financial Position as of 30 September 2021

(Amounts are expressed in Turkish Lira (TL) unless otherwise stated.)

		Not reviewed	Audited
		Current Period	Prior Period
		30 September	31 December
	Notes	2021	2020
LIABILITIES AND EQUITY
Current Liabilities		1.608.677.220	1.554.271.751
Short-term Borrowings	12	668.002.178	707.265.009
Short-term Portion of Long-term Borrowings	12	51.894.712	103.009.662
Trade Payables	4-5	696.110.109	606.589.044
Trade Payables to Related Parties	4	104.762.366	135.632.596
Trade Payables to Third Parties		591.347.743	470.956.448
Payables Related to Employee Benefits		17.427.542	9.335.715
Other Payables		13.360.612	19.972.102
Other Payables to Related Parties	4	3.565.345	3.342.306
Other Payables to Third Parties		9.795.267	16.629.796
Deferred Income	7	60.786.950	22.883.869
Derivative Instruments		-	4.650.543
Current Tax Liabilities	14	51.720.756	31.200.804
Short-term Provisions		49.130.903	49.358.806
Short-term Provisions for Employee Benefits		13.295.999	15.300.000
Other Short-term Provisions	10	35.834.904	34.058.806
Other Short-term Liabilities		243.458	6.197
Non-current Liabilities		162.159.472	136.303.584
Long-term Borrowings	12	16.055.881	19.055.021
Deferred Income	7	-	239.771
Long-term Provisions		146.103.591	117.008.792
Long-term Provisions for Employee Benefits		139.225.968	106.291.720
Other Long-term Provisions	10	6.877.623	10.717.072
TOTAL LIABILITIES		1.770.836.692	1.690.575.335

2

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

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

Condensed Consolidated Statement of Financial Position as of 30 September 2021

(Amounts are expressed in Turkish Lira (TL) unless otherwise stated.)

		Not reviewed	Audited
		Current Period	Prior Period
		30 September	31 December
	Notes	2021	2020
EQUITY		2.714.297.646	2.282.151.205
Equity Attributable to Parent		2.714.297.646	2.282.151.205
Paid-in Capital	13	1.159.793.441	1.159.793.441
Capital Adjustment Differences	13	134.868.176	134.868.176
Repurchased Shares (-)		(6.935.220)	(6.935.220)
Share Premiums (Discounts)		234.322	234.322
Other Accumulated Comprehensive Income
(Expenses) That Will Not Be Reclassified To
Profit or Loss		(24.757.845)	(14.620.649)
- Gains (Losses) on Remeasurement of Defined
Benefit Plans		(24.757.845)	(14.620.649)
Other Accumulated Comprehensive Income
(Expenses) That Will Be Reclassified To		2.672.144
Profit or Loss			3.371.128
- Foreign Currency Translation Differences		2.672.144	3.371.128
Restricted Reserves Appropriated from Profit	13	405.954.871	405.954.871
The Effect of Mergers Involving Undertaking or
Enterprises Subject to Common Control		(305.979.569)	(407.972.757)
Retained earnings		905.464.705	649.004.587
Net Profit for the Period		442.982.621	358.453.306
TOTAL LIABILITIES AND EQUITY		4.485.134.338	3.972.726.540

3

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