BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 184 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 13. TANGIBLE ASSETS As of 31 December 2021 and 2020, Tangible Assets are as follows: Cost Value Opening 1 January 2021 Addition Disposal Transfers Closing 31 December 2021 Land - 38.272.500 - - 38.272.500 Building - 17.230.065 7.927.435 * 25.157.500 Property, Plant and Equipment 2.363.035 1.025.606 (925.641) - 2.463.000 Vehicles 5.276.207 8.982.740 (4.693.464) - 9.565.483 Furniture and fittings 4.080.826 982.803 (16.835) - 5.046.794 Other Fixed Assets 262.193 434.655 (67.120) - 629.728 Leasehold Improvements 13.642.566 - (371.710) (13.270.856) * - Total 25.624.827 66.928.369 (6.074.769) (5.343.421) 81.135.005 Accumulated Depreciation (-) Building - 372.702 - - 372.702 Property, Plant and Equipment 1.273.717 347.074 (437.391) - 1.183.400 Vehicles 2.411.112 1.755.130 (2.185.915) - 1.980.327 Furniture and fittings 2.476.162 554.464 (1.247) - 3.029.379 Other Fixed Assets 73.514 46.971 (16.150) - 104.335 Leasehold Improvements 5.616.896 55.269 (232.655) (5.343.421) * 96.089 Total 11.851.401 3.131.610 (2.873.358) (5.343.421) 6.766.232 Fixed Assets, net 13.773.426 74.368.773 * The Group reclassified the building costs, which are included in the lease contract and leasehold improvements, on the land on which the headquarters building of the related parties is located, to the buildings account as of 31 March 2021. The cost of land and buildings purchased from related parties on March 31, 2021 has been determined as TL 63.430.000 in the real estate valuation reports provided. Building costs classified over the net book value are deducted from the relevant valuation amount and the remaining TL 55.502.565 is classified according to the distinction in the valuation report.