TÜRKIYE SISE VE CAM FABRIKALARI TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY - 30JUNE 2022
(ORIGINALLY ISSUED IN TURKISH)
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONTENTS
PAGE | |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 1-2 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS | 3 |
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME | 4 |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 5 |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | 6-7 |
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | 8-85 |
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 30 JUNE 2022 AND 31 DECEMBER 2021
(Amounts expressed in thousand Turkish Lira ("TRY") unless otherwise indicated)
30 June | 31 December | |||
ASSETS | Notes | 2022 | 2021 | |
Current Assets | ||||
Cash and cash equivalents | 5 | 15,481,589 | 12,810,775 | |
Financial investments | 6 | 4,832,580 | 3,265,243 | |
Trade receivables | 8,28 | 17,286,977 | 9,185,761 | |
− Due from related parties | 8,28 | 167,905 | 19,130 | |
− | Other trade receivables | 8 | 17,119,072 | 9,166,631 |
Other receivables | 494,290 | 339,499 | ||
Contract assets | 12 | 228,203 | 121,875 | |
Derivative financial assets | 9 | 1,387,664 | 427,362 | |
Inventories | 10 | 13,122,132 | 7,687,597 | |
Prepayments | 11 | 1,599,383 | 741,391 | |
Current tax assets | 26 | 101,103 | 77,416 | |
Other current assets | 1,781,300 | 1,016,457 | ||
Total current assets | 56,315,221 | 35,673,376 | ||
Non-current assets | ||||
Financial investments | 6 | 1,258,790 | 1,069,888 | |
Trade receivables | 8 | - | 26 | |
Other receivables | 98,199 | 142,903 | ||
Derivative financial assets | 9 | 1,379,936 | 647,328 | |
Investments accounted for using the equity method | 13 | 2,124,422 | 1,652,925 | |
Investment properties | 1,468,823 | 1,468,823 | ||
Property, plant, and equipment | 14 | 37,667,327 | 30,954,149 | |
Right of use assets | 15 | 735,504 | 449,823 | |
Intangible assets | 16, 17 | 18,318,526 | 14,762,668 | |
− | Goodwill | 17 | 5,065,401 | 3,994,571 |
− | Other intangible assets | 16 | 13,253,125 | 10,768,097 |
Prepayments | 11 | 1,320,283 | 674,079 | |
Deferred tax assets | 26 | 2,108,663 | 1,158,118 | |
Other non-current assets | 3,297 | 18,405 | ||
Total non-current assets | 66,483,770 | 52,999,135 | ||
TOTAL ASSETS | 122,798,991 | 88,672,511 | ||
2
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 30 JUNE 2022 AND 31 DECEMBER 2021
(Amounts expressed in thousand Turkish Lira ("TRY") unless otherwise indicated)
30 June | 31 December | |||
LIABILITIES | Notes | 2022 | 2021 | |
Current Liabilities | ||||
Short term borrowings | 7 | 10,680,452 | 3,524,752 | |
Short term portion of long-term borrowings | 7 | 7,108,677 | 6,913,434 | |
Trade payables | 8, 28 | 7,816,534 | 5,033,187 | |
− Due to related parties | 28 | 154,287 | 163,228 | |
− Due to third parties | 8 | 7,662,247 | 4,869,959 | |
Liabilities for employee benefits | 19 | 289,903 | 255,526 | |
Other payables | 9, 28 | 883,436 | 347,021 | |
− Due to related parties | 28 | 49,159 | 5,008 | |
− Due to third parties | 834,277 | 342,013 | ||
Contract liabilities | 12 | 165,804 | 110,857 | |
Derivative instruments | 9 | 239,506 | 29,473 | |
Deferred income | 11 | 1,313,515 | 405,904 | |
Current income tax liabilities | 26 | 748,275 | 868,425 | |
Short term provisions | 18, 19 | 1,120,643 | 906,826 | |
Other current liabilities | 2,264,628 | 797,447 | ||
Total current liabilities | 32,631,373 | 19,192,852 | ||
Non-current liabilities | ||||
Long term borrowings | 7 | 20,382,747 | 17,213,186 | |
Other payables | 3,928 | 3,002 | ||
Derivative instruments | 9 | 2,993 | 42,280 | |
Deferred income | 11 | 279,333 | 226,706 | |
Long term provisions | 19 | 2,805,828 | 2,000,551 | |
Deferred tax liabilities | 26 | 472,218 | 618,045 | |
Other non-current liabilities | 96,994 | 12,181 | ||
Total non-current liabilities | 24,044,041 | 20,115,951 | ||
Total liabilities | 56,675,414 | 39,308,803 | ||
EQUITY | ||||
Equity holders of the parent | 20 | 53,586,337 | 39,431,881 | |
Paid capital | 3,063,214 | 3,063,214 | ||
Adjustment to share capital differences | 320,075 | 320,075 | ||
Treasury shares | (85,451) | (39,213) | ||
Share premiums (discount) | 167,048 | 167,048 | ||
Accumulated other comprehensive income/expense | ||||
not to be reclassified to profit or loss | 7,052,834 | 6,139,201 | ||
− | Gains/(losses) on revaluation and remeasurement | 7,052,834 | 6,139,201 | |
− Revaluation gain/(loss) on tangible assets | 7,122,501 | 6,240,309 | ||
− Gain/(loss) arising from defined benefit plans | (69,667) | (101,108) | ||
Accumulated other comprehensive income/expense | ||||
to be reclassified to profit or loss | 15,518,817 | 8,874,058 | ||
− | Currency translation differences | 15,564,298 | 9,062,730 | |
− | Hedge reserves | (45,481) | (188,672) | |
Restricted reserves | 1,517,852 | 1,517,852 | ||
Retained earnings | 17,076,760 | 10,256,361 | ||
Net profit or loss for the period | 8,955,188 | 9,133,285 | ||
Non-controlling interests | 20 | 12,537,240 | 9,931,827 | |
Total equity | 66,123,577 | 49,363,708 | ||
TOTAL LIABILITIES AND EQUITY | 122,798,991 | 88,672,511 | ||
2
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS FOR THE PERIODS 1 JANUARY - 30 JUNE 2022 AND 2021
(Amounts expressed in thousand Turkish Lira ("TRY") unless otherwise indicated.)
1 January- | 1 January- | 1 April- | 1 April- | ||
30 June | 30 June | 30 June | 30 June | ||
Notes | 2022 | 2021 | 2022 | 2021 | |
Revenues | 21 | 40,232,477 | 12,777,400 | 23,258,088 | 7,091,100 |
Cost of Sales | 21 | (24,590,871) | (8,224,720) | (14,469,326) | (4,474,096) |
Gross profit/ (loss) from trading activity | 15,641,606 | 4,552,680 | 8,788,762 | 2,617,004 | |
General administrative expenses | 22 | (1,883,070) | (630,796) | (1,021,604) | (314,527) |
Marketing expenses | 22 | (5,492,685) | (1,632,618) | (3,140,108) | (916,553) |
Research and development expenses | 22 | (71,678) | (52,038) | (22,186) | (27,386) |
Other operating income | 23 | 3,338,916 | 1,119,990 | 1,934,888 | 507,984 |
Other operating expenses | 23 | (2,636,573) | (805,265) | (1,537,718) | (361,809) |
Share of profit (loss) from investments | |||||
accounted for using equity method | 13 | 392,258 | 108,996 | 301,366 | 65,966 |
Operating profit/ (loss) | 9,288,774 | 2,660,949 | 5,303,400 | 1,570,679 | |
Income from investing activities | 24 | 1,205,539 | 949,203 | 655,203 | 394,043 |
Expense from investing activities | 24 | (489,816) | (181,749) | (294,938) | (167,339) |
Impairment gain and reversal of impairment | |||||
loss determined in accordance with IFRS 9 | 24 | (16,649) | 62,517 | 3,761 | 9,172 |
Profit (Loss) before financing income (expense) | 9,987,848 | 3,490,920 | 5,667,426 | 1,806,555 | |
Financial income | 25 | 6,100,362 | 2,521,536 | 3,394,435 | 790,095 |
Financial expenses | 25 | (6,393,263) | (2,656,259) | (3,169,594) | (775,647) |
Profit (Loss) from continuing operations, before tax | 9,694,947 | 3,356,197 | 5,892,267 | 1,821,003 | |
Tax (expense) income, continuing operations | (141,215) | (591,575) | (203,388) | (408,553) | |
− Current period tax (expense) / income | 26 | (1,196,569) | (517,370) | (633,323) | (323,118) |
− Deferred tax (expense) income | 26 | 1,055,354 | (74,205) | 429,935 | (85,435) |
Profit (Loss) | 9,553,732 | 2,764,622 | 5,688,879 | 1,412,450 | |
Attributable to: | |||||
− Non-controlling interest | 598,544 | 21,491 | 309,659 | 17,541 | |
− Equity holders of the parent | 8,955,188 | 2,743,131 | 5,379,220 | 1,394,909 | |
Earnings per share | 27 | 3.0015 | 0.8965 | 1.8518 | 0.6200 |
3
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Türkiye Sise ve Cam Fabrikalari AS published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 11:48:03 UTC.
