BIRLESIM_MUEHNDSILIK 2023 AR

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 145 Birleşim Mühendislik Isitma Soğutma Havalandirma Sanayi Ticaret A.Ş. and its Subsidiaries (Amounts are expressed in terms of purchasing power of Turkish Lira (“TL”) as of December 31, 2023 unless otherwise stated.) Notes to the Consolidated Financial Statements For the Year Ended 31 December 2023 1. ORGANIZATION AND NATURE OF OPERATIONS Birleşim Mühendislik Isıtma Soğutma Havalandırma Sanayi ve Ticaret A.Ş. (the “Company”) was established in Istanbul in 2002. The Company’s fields of activity are to make and have the installations of all kinds of buildings related to heating, cooling, ventilation, air conditioning and air conditioning, and to provide consultancy and engineering services. The Company’s registered address: ‘’Dudullu Organize Sanayi Bölgesi 1. Cadde No: 3 Ümraniye - İstanbul. As of 31 December 2023 the average number of personnel employed during the period is 400 (31 December 2022: 466). As of 31 December 2023 and 2022, the shareholding structure of the Company is as follows: 31 December 2023 31 December 2022 Shareholders Share Rate Share Amount Share Rate Share Amount Mesut Altan 25,98% 58.196.077,6 25,98% 58.196.077,6 İdris Çakır 25,98% 58.196.077,6 25,98% 58.196.077,6 Public Shares 48,04% 107.607.844,8 48,04% 107.607.844,8 Capital * 224.000.000 224.000.000 The details of the company’s affiliated subsidiaries (collectively referred to as the “Group”) are as follows: Erde Engineering Industry and Trade Inc. It was purchased on 10 December 2013 for 10.463.383 TL (Note 2). Its main field of activity is to implement electrical installations, processes and systems and to provide consultancy and engineering services in these areas. Solar Santral Enerji was acquired on December 31, 2022 for a total of 28.667.645 TL (Note 3). Its main activities include the establishment, commissioning, leasing, and operation of electricity generation facilities in industrial establishments and buildings, following the procurement of necessary licenses from EPDK (Energy Market Regulatory Authority). The company also provides project, contracting, engineering, and consultancy services for all necessary facilities and transmission lines related to electricity generation, among other services. 2. BASIS OF PRESENTATION OF THE CONSOLİDATED FİNANCİAL STATEMENTS (a) Basic Principles of Presentation Consolidated financial statements are prepared on the historical cost basis (excluding fair data exceptions). In determining historical cost, the basis is generally based on the basis of the amounts paid for the assets. Fair value is the price that would be received to sell an asset or paid to transfer a liability (i.e., exit) in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions, regardless of whether the price is directly observable or estimated using another valuation method. price). When calculating the fair value of an asset or liability, the Group takes into account the characteristics of the relevant assets or liabilities if market participants take these characteristics into account when determining the prices of these assets or liabilities. Except for share-based payment transactions within the scope of TFRS 2, financial leasing transactions within the scope of TFRS 16 and other measurements similar to fair value calculation, calculations and/or disclosures regarding fair value in these financial statements have been determined on this basis.