BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 178 Birleşim Mühendislik Isıtma Soğutma Havalandırma Sanayi Ticaret A.Ş. and Its Subsidiary (All amounts expressed in Turkish Lira (“TL”)) Notes to the Consolidated Financial Statements For the Year Ended 31 December 2021 5. CASH AND CASH EQUIVALENTS As of 31 December 2021 ve 2020, cash and cash equivalents are as follows: 31 December 2021 31 December 2020 Cash 49.925 56.047 Cash on Deposits 180.045.117 49.005.976 - TL Demand Deposits 13.084.822 1.205.801 - Currency Demand Deposits 80.964.141 9.417.557 - TL Time Deposits 39.405.431 899.668 - Currency Time Deposits 46.590.723 37.482.950 Total 180.095.042 49.062.023 The maturity of TL time deposits is less than 3 months and the interest rate varies between 12% and 16,8% (31 December 2020: 12% and 17,5%). The maturity of Euro time deposits is less than 3 months and the interest rate varies between 0,15 and 0,20 (31 December 2020: 1%). The maturity of USD time deposits is less than 3 months and the interest rate is 1,1% (31 December 2020: varies between 1.6% and 3.5%). 6. TRADE RECEIVABLES AND PAYABLES As of 31 December 2021 ve 2020, Trade Receivables are as follows: Short-term Trade Recaivables 31 December 2021 31 December 2020 Trade Receivables from Related Party (Note 4) 6.251.197 16.180.501 Trade Receivables from Third Party 272.939.955 114.004.539 Notes Recaivables and Postpaid Cheques 52.307.828 36.709.673 Doubtful Receivables 7.120.905 6.533.698 Provision for Doubtful Receivables (-) (7.120.905) (6.533.698) Total 331.498.980 166.894.713 Explanations on the nature and level of risks in trade receivables are given in Note 30 b.1.  The average collection period for trade receivables is 90 days (31 December 2020: 92). The Group’s doubtful trade receivable movements are as follows: Provision for the Dobtful Receivables 1 January - 31 December 2021 1 January - 31 December 2020 Opening Balance 6.533.698 7.121.171 Canceled Provisions (Note 25) - (241.536) Effects of Sales Subsidiaries - (437.661) Term Expense 587.207 91.724 Closing Balance 7.120.905 6.533.698