BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 144 Birleşim Mühendislik Isıtma Soğutma Havalandırma Sanayi Ticaret A.Ş. and Its Subsidiary The accompanying notes, form an integral part of the financial statements. (All amounts expressed in Turkish Lira (“TL”)) Notes Audited Current Period 1 January- 31 December 2021 Audited Prior Period 1 January- 31 December 2020 A. Cash Flows from Operating Activities (50.209.906) (27.191.765) Profit for the Period 55.822.325 76.653.476 Adjustments: Depreciation and Amortization Expenses 13, 14, 15 5.295.224 8.311.877 Doubtful Debt Provision/Canselled, net 6 587.207 (149.812) Appreciation of Financial Assets 43.230 - Provision for Project Loss 17 6.484.479 2.249.654 (Gain)/Loss on Sale of Assets, net (5.204.996) 333.708 Retirement Pay Provision 19 2.066.189 1.354.846 Vacation Provision 19 306.905 288.348 Lawsuit Provision 17 776.309 851.358 Subsidiary Sales Profit - (3.960.677) Interest Income (14.627.089) (7.034.076) Interest Expense 7 19.945.223 9.401.060 Profit for the Change in Capitalization 71.495.006 88.299.762 Trade Receivable (Increase)/Decrease 4, 6 (165.191.474) (45.542.779) Inventories Decrease/(Increase) 9 (41.635.922) 11.789.928 Other Receivable (Increase)/Decrease 4, 8 495.137 (10.767.282) Prepaid Expenses Decrease/(Increase) 10 (21.744.298) (924.983) Other Current and Non-Current (Increase)/Decrease 20 (50.738.580) 19.289.051 Deferred Cost of Construction and Given Adavances 7 (8.957.684) (8.418.569) Trade Payables (Increase)/Decrease 4, 6 160.602.986 871.418 Other Payables (Increase)/Decrease 4, 8 (30.703.088) 28.953.928 Payables for Employee Benefits (Increase)/Decrease 19 3.403.028 (12.745.602) Derferred Income (Increase)/Decrease 10 52.872.181 (89.786.294) Other Current an Non-Current Liabilities (Increase)/Decrease 20 6.660.874 (758.014) Prepaid Taxes 28 (25.098.383) (6.821.446) Prepaid Retirement Pay (1.669.689) (630.883) B. Cash Flows from Investing Activities 32.254.242 7.920.351 Purchase of Tangible and Intangible Assets 13, 14, 15 (10.360.879) (5.004.598) Sales of Tangible and Intangible Assets 13, 14, 15 8.135.918 88.349 Purchase of Properties held for Sale (1.012.414) (5.117.626) Sales of Properties held for Sale 30.942.242 - Sales Subsidiaries - 16.900.000 Interest Income 6.434.244 1.054.226 Purchase of Financial Assets (1.884.869) - C. Cash Flows from Financing Activities 148.988.683 (43.293.840) Loan Usage 12 178.032.584 165.643.728 Loan Paid (214.806.374) (130.938.314) Payment of Leasing 11 (2.351.667) (3.385.746) Interest Income from Shareholders 8.192.845 5.979.850 Interest Paid 27 (19.945.223) (9.401.060) Capital Increase 190.368.202 - Change in Related Party Payables 39.577.726 (71.192.298) Treasury Shares (30.079.410) - Net Increase/(Decrease) on Cash and Cash Equivalents 131.033.019 (62.565.254) Cash and Cash Equivalents at the Beginning of the Period 5 49.062.023 111.627.277 Cash and Cash Equivalents at the End of the Period 5 180.095.042 49.062.023 Consolidated Statement of Cash Flows For the Year Ended 31 December 2021