OYAK Çimento Fabrikalari : Çimento Fabrikaları A.Ş. - Financial Statements 30.09.2022

(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 2022

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 2022

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

		Not reviewed	Audited
		Current Period	Prior Period
		30 September	31 December
	Notes	2022	2021
ASSETS
Current Assets		5.219.544.110	2.600.687.269
Cash and Cash Equivalents	3	1.211.011.986	314.816.289
Financial Investments	9	166.340.027	161.744.987
Trade Receivables	4-5	2.169.255.190	1.245.626.388
Trade Receivables from Related Parties	4	237.560.777	129.697.429
Trade Receivables from Third Parties		1.931.694.413	1.115.928.959
Other Receivables		31.500.951	19.066.575
Other Receivables from Related Parties	4	4.291.001	14.594.486
Other Receivables from Third Parties		27.209.950	4.472.089
Inventories	6	1.490.278.305	769.392.993
Prepaid Expenses	7	148.232.269	67.064.289
Other Current Assets		1.661.036	21.711.402
Assets Held for Sale		1.264.346	1.264.346
Non-current Assets		2.623.471.201	2.274.946.920
Other Receivables		4.284.357	4.980.297
Other Receivables from Third Parties		4.284.357	4.980.297
Investment Properties		17.694.832	17.694.832
Right-of-use Assets		16.746.083	24.688.677
Property, Plant and Equipment	8	2.288.402.239	2.000.700.068
Intangible assets		61.292.293	75.530.078
Goodwill		7.062.941	7.062.941
Other Intangible Assets	8	54.229.352	68.467.137
Prepaid Expenses	7	51.571.307	37.873.147
Deferred Tax Assets	14	181.495.638	111.336.537
Other Non-current Assets		1.984.452	2.143.284
TOTAL ASSETS		7.843.015.311	4.875.634.189

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 2022

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

		Not reviewed	Audited
		Current Period	Prior Period
		30 September	31 December
	Notes	2022	2021
LIABILITIES AND EQUITY
Current Liabilities		2.740.468.965	1.386.278.336
Short-term Borrowings	12	759.212.310	132.944.958
Short-term Portion of Long-term Borrowings	12	4.121.973	12.888.532
Trade Payables	4-5	1.504.340.495	1.014.177.159
Trade Payables to Related Parties	4	269.909.490	174.973.672
Trade Payables to Third Parties		1.234.431.005	839.203.487
Payables Related to Employee Benefits		37.554.228	16.333.514
Other Payables		90.079.339	21.894.351
Other Payables to Related Parties	4	4.198.316	3.685.898
Other Payables to Third Parties		85.881.023	18.208.453
Deferred Income	7	91.369.782	57.144.473
Current Tax Liabilities	14	167.931.646	69.731.912
Short-term Provisions		85.430.453	61.076.491
Short-term Provisions for Employee Benefits		38.686.802	27.450.000
Other Short-term Provisions	10	46.743.651	33.626.491
Other Short-term Liabilities		428.739	86.946
Non-current Liabilities		591.648.245	511.434.660
Long-term Borrowings	12	318.267.442	321.197.169
Deferred Income	7	2.015.053	4.030.108
Long-term Provisions		271.365.750	186.207.383
Long-term Provisions for Employee Benefits		265.090.563	179.948.672
Other Long-term Provisions	10	6.275.187	6.258.711
TOTAL LIABILITIES		3.332.117.210	1.897.712.996

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 2022

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

		Not reviewed	Audited
		Current Period	Prior Period
		30 September	31 December
	Notes	2022	2021
EQUITY		4.510.898.101	2.977.921.193
Equity Attributable to Parent		4.510.898.101	2.977.921.193
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		(80.661.389)	(44.705.178)
- Gains (Losses) on Remeasurement of Defined
Benefit Plans		(80.661.389)	(44.705.178)
Other Accumulated Comprehensive Income
(Expenses) That Will Be Reclassified To
Profit or Loss		1.413.745	4.060.363
- Foreign Currency Translation Differences		1.413.745	4.060.363
Restricted Reserves Appropriated from Profit	13	405.954.871	405.954.871
The Effect of Mergers Involving Undertaking or
Enterprises Subject to Common Control		(203.986.381)	(305.979.569)
Retained earnings		1.528.636.799	905.464.705
Net Profit for the Period		1.571.579.737	725.165.282
TOTAL LIABILITIES AND EQUITY		7.843.015.311	4.875.634.189

3

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