BIRLESIM_MUEHNDSILIK 2023 AR

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 144 Birleşim Mühendislik Isitma Soğutma Havalandirma Sanayi Ticaret A.Ş. and its Subsidiaries The accompanying notes form an integral part of these financial statements. (Amounts are expressed in terms of purchasing power of Turkish Lira (“TL”) as of December 31, 2023 unless otherwise stated.) Notes Audited 1 January - December 31, 2023 Audited 1 January - December 31, 2022 A. Cash Flows from Operating Activities (58.971.158) 592.768.732 Profit for the Period (215.724.069) (173.429.468) Adjustments: 473.818.793 296.417.586 Depreciation Expenses and Amortization 13, 14 23.750.040 14.849.359 Provisions/Cancellation for Doubtful Trade Receivables, net 7 - (3.300.835) Project Loss Provision 15 316.984 (13.015.088) Fixed Asset Sales Profit/Loss, net 24 2.147.842 18.546.628 Severance Pay Provision 17 6.236.116 5.687.588 In return for leave 17 1.887.977 3.381.150 Provision for Lawsuit 17 - (1.685.949) Adjustments Regarding Tax (Income) Expense 26 14.183.869 43.678.996 Interest Income 24, 25 (32.746.233) (44.074.415) Interest Expense 25 8.129.324 37.146.975 Other Corrections Regarding Profit (Loss) Reconciliation 3.233.585 18.162.636 Monetary Loss Earning Effect 446.679.289 217.040.541 Operating Profit Before Change in Working Capital (188.584.565) (94.052.423) Trade Receivable (Increase)/Decrease 5, 7 (604.105.574) (577.531.313) Inventories Decrease/(Increase) 10 142.560.917 (114.618.659) Other Receivable (Increase)/Decrease 5, 9 34.491.862 (81.300.420) Prepaid Expenses Decrease/(Increase) 11 (65.493.585) (83.474.036) Other Current and Non-Current (Increase)/Decrease 18 (432.032.568) (13.056.922) Deferred Cost of Construction and Given Advances 8 (81.974.590) (47.170.153) Trade Payables (Increase)/Decrease 5, 7 201.517.539 462.148.906 Other Payables (Increase)/Decrease 5, 9 (29.778.952) 47.785.721 Payables for Employee Benefits (Increase)/Decrease 17 14.184.700 8.917.680 Deferred Income (Increase)/Decrease 11 523.958.310 952.911.945 Other Current and Non-Current Liabilities (Increase)/Decrease 18 24.552.507 11.075.395 Prepaid Taxes 26 (34.088.428) (91.196.975) Severance Pay Paid 17 (10.858.020) (4.710.555) B. Cash Flows from Investing Activities 53.211.540 (194.898.435) Purchase of Tangible and Intangible Assets 13, 14 (54.982.904) (19.597.812) Sales of Tangible and Intangible Assets 13, 14 1.615.864 (16.294.919) Purchase of Properties held for Sale 27 - (85.689.192) Sales of Properties held for Sale 27 14.571.081 30.774.780 Cash Outflows Resulting from the Business’s Purchase of Its Own Shares (49.859.529) (145.420.370) Cash Inflows from Sale of Repurchased Shares 55.232.999 220.934.193 Interest Income 24 32.321.123 40.030.089 Purchase of Financial Assets 12 54.312.906 (108.842.458) Cash Outflows from Acquisition of Subsidiaries - (110.792.746) C. Cash Flows from Financing Activities (10.813.679) (107.439.688) Loan Usage 12 53.408.721 113.075.995 Loan Paid 12 (26.290.941) (187.165.875) Cash Inflows from Other Financial Borrowings - (55.014) Interest income 24 425.110 4.044.325 Interest Paid 25 (8.129.324) (37.146.975) Change in Receivables from Related Parties 5 5.449.642 8.332.470 Dividend Payment 19 (35.676.887) (8.524.614) Net Increase (Decrease) in Foreign Cash and Cash Equivalents Before the Effect of Currency Translation Differences (16.573.297) 290.430.609 Effect of Currency Conversion Differences on Cash and Foreign Cash Equivalents (1.966.880) - Inflation Effect on Cash and Cash Equivalents (230.822.527) (190.719.941) Net Increase/(Decrease) on Cash and Cash Equivalents (249.362.704) 99.710.668 Cash and Cash Equivalents at the Beginning of the Period 6 587.178.613 487.467.945 Cash and Cash Equivalents at the End of the Period 6 337.815.909 587.178.613 Notes to the Consolidated Financial Statements For the Year Ended 31 December 2023