SELÇUK ECZA DEPOSU TICARET VE SANAYI SELÇUK ECZA DEPOSU TİCARET VE SANAYİ A.Ş.
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 01.01.-30.06.2023 TOGETHER WITH NOTES
(Translated into English from the report originally issued in Turkish)
SELÇUK ECZA DEPOSU TİCARET VE SANAYİ A.Ş.
TABLE OF CONTENTS | Page |
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 1-2 |
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS | 3 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | 4 |
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY | 5 |
CONSOLIDATED STATEMENTS OF CASH FLOWS | 6 |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 7-66 |
(CONVENIENCE TRANSLATION OF INDEPENDENT AUDITOR'S REPORT
ORIGINALLY ISSUED IN TURKISH)
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors
Selçuk Ecza Deposu Ticaret ve Sanayi A.Ş.
A. Audit of the Consolidated Financial Statements
Introduction
We have reviewed the accompanying consolidated statement of financial position of Selçuk Ecza Deposu Ticaret ve Sanayi A.Ş. (the "Company") and its subsidiary (altogether referred as the "Group") as of 30 June 2023 and the related consolidated statements of profit or loss, consolidated other comprehensive income, consolidated changes in equity, and consolidated cash flows for the six-month period then ended. The Group Management is responsible for the preparation and fair presentation of the interim consolidated financial information in accordance with the Turkish Accounting Standards 34 Interim Financial Reporting ("TAS 34"). Our responsibility is to express a conclusion on these interim consolidated financial information based on our review.
Scope of Review
We conducted our review in accordance with the International Standard on Review Engagements (ISRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an independent audit conducted in accordance with International Standards on Auditing and the objective of which is to express an opinion on the financial statements. Consequently, a review on the interim financial information does not provide assurance that the audit firm will be aware of all significant matters which would have been identified in an audit. Accordingly, we do not express an opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to conclude that the accompanying interim consolidated financial information has not been prepared, in all material respects, in accordance with the TAS 34.
Yeditepe Bağımsız Denetim ve Yeminli Mali Müşavirlik A.Ş. (Associate Member of Praxity AISBL)
Yılmaz Güney
Partner
İstanbul, 15 August 2023
- 1 -
SELÇUK ECZA DEPOSU TİCARET VE SANAYİ A.Ş.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF 30.06.2023
(Amounts expressed in Turkish Lira ("TL") unless otherwise stated.)
Notes | Reviewed | Audited | |
ASSETS | 30.06.2023 | 31.12.2022 | |
Current Assets | |||
Cash And Cash Equivalents | 4 | 2.922.055.443 | 908.141.997 |
Financial Investments | 5 | 335.908.428 | -- |
Trade Receivables | 17.531.725.295 | 13.985.649.117 | |
- Due From Related Parties | 7-29 | 4.362.806 | 2.950.181 |
- Due From Third Parties | 7 | 17.527.362.489 | 13.982.698.936 |
Other Receivables | 485.254.735 | 293.986.476 | |
- Due From Related Parties | 8-29 | -- | -- |
- Due From Third Parties | 8 | 485.254.735 | 293.986.476 |
Inventories | 9 | 4.770.863.585 | 4.987.363.671 |
Prepaid Expenses | 10 | 86.741.696 | 40.303.359 |
Other Current Assets | 19 | 133.673.638 | 133.469.552 |
TOTAL CURRENT ASSETS | 26.266.222.820 | 20.348.914.172 | |
Non - Current assets | |||
Other Receivables | 8 | 2.109.782 | 2.377.517 |
Investment Properties | 11 | 35.975.365 | 36.281.954 |
Tangible Assets | 12 | 1.007.244.434 | 948.267.331 |
Right Of Use Assets | 13 | 23.582.256 | 33.538.912 |
Intangible Assets | 32.676.317 | 32.473.748 | |
- Goodwill | 15 | 31.194.401 | 31.194.401 |
- Other Intangible Assets | 14 | 1.481.916 | 1.279.347 |
Deferred Tax Assets | 27 | 257.321.323 | 193.207.806 |
TOTAL NON - CURRENT ASSETS | 1.358.909.477 | 1.246.147.268 | |
TOTAL ASSETS | 27.625.132.297 | 21.595.061.440 |
The accompanying accounting policies and notes form an integral part of these consolidated financial statements.
- 2 -
SELÇUK ECZA DEPOSU TİCARET VE SANAYİ A.Ş.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF 30.06.2023
(Amounts expressed in Turkish Lira ("TL") unless otherwise stated.)
Notes | Reviewed | Audited | |
LIABILITIES | 30.06.2023 | 31.12.2022 | |
Short-Term Liabilities | |||
Short Term Payables | 6 | 1.250.163.385 | 273.011.867 |
Short Term Payables From Related Parties | 6.251.312 | 9.248.334 | |
-Lease Payables | 6 | 6.251.312 | 9.248.334 |
Short Term Payables From Third Parties | 1.243.912.073 | 263.763.533 | |
-Bank Credits | 6 | 677.198.728 | 246.778.926 |
-Leasing Payables | 6 | 12.667.982 | 16.984.607 |
-Issued Debt Instruments | 6 | 554.045.363 | -- |
Current Portion of Non-Current Borrowings | 654.168.497 | -- | |
Current Portion of Non-Current Borrowings from Third Parties | |||
Issued Debt Instruments | 6 | 654.168.497 | -- |
Trade Payables | 16.673.202.446 | 13.922.225.055 | |
- Trade Payables From Related Parties | 7-29 | 455.599.970 | 365.981.868 |
- Trade Payables From Third Parties | 7 | 16.217.602.476 | 13.556.243.187 |
Employee Benefits Obligations | 18 | 127.101.788 | 122.126.523 |
Other Payables | 75.680.005 | 76.606.081 | |
- Due To Related Parties | 8-29 | 311.807 | 248.414 |
- Due To Third Parties | 8 | 75.368.198 | 76.357.667 |
Deferred Incomes | 10 | 19.214.404 | 15.216.545 |
Current Income Tax Liabilities | 27 | 68.272.370 | 166.617.784 |
Short-Term Provisions | 5.096.921 | 5.096.921 | |
- Other Short-Term Provision | 17 | 5.096.921 | 5.096.921 |
Other Current Liabilities | 19 | 380.289.939 | 270.330.032 |
TOTAL CURRENT LIABILITIES | 19.253.189.755 | 14.851.230.808 | |
Non-Current Liabilities | |||
Long-Term Payables | 6 | 408.987.653 | 17.649.345 |
Long-Term Payables From Related Parties | -- | 1.520.559 | |
-Lease Payables | 6 | -- | 1.520.559 |
Long-Term Payables From Third Parties | 408.987.653 | 16.128.786 | |
-Leasing Payables | 6 | 12.360.847 | 16.128.786 |
-Issued Debt Instruments | 6 | 396.626.806 | -- |
Long-Term Provisions | 117.306.941 | 171.225.300 | |
- Provision For Long-Term Employee Benefits | 18 | 117.306.941 | 171.225.300 |
Deferred Tax Liabilities | 27 | 264.367.825 | 179.406.314 |
TOTAL LONG-TERM LIABILITIES | 790.662.419 | 368.280.959 | |
TOTAL LIABILITIES | 20.043.852.174 | 15.219.511.767 | |
EQUITY | |||
Equity Attributable to Equity Holders of the Parents Company | 7.581.250.376 | 6.375.526.444 | |
Paid-In Capital | 20 | 621.000.000 | 621.000.000 |
Other Comprehensive Income/ Expense Not To Be Classified To | (239.946.711) | (144.209.063) | |
Profit Or Loss | |||
- Actuarial Gain/Loss Arising From Defined Benefit Plans | 20 | (239.946.711) | (144.209.063) |
Restricted Reserves | 20 | 251.023.000 | 237.948.288 |
Previous Years' Profits/Losses | 20 | 5.492.462.507 | 3.279.417.698 |
Profit /Loss For The Period, Net | 20 | 1.456.711.580 | 2.381.369.521 |
Non-Controlling Interest | 29.747 | 23.229 | |
TOTAL EQUITY | 7.581.280.123 | 6.375.549.673 | |
TOTAL LIABILITIES AND EQUITY | 27.625.132.297 | 21.595.061.440 |
The accompanying accounting policies and notes form an integral part of these consolidated financial statements.
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Selcuk Ecza Deposu Ticaret ve Sanayi AS published this content on 22 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2023 20:40:16 UTC.
