BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 187 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 15. INTANGIBLE ASSETS (continued) The useful life periods of intangible fixed assets are as follows: Useful Lifes Rights 2 - 15 years Other 3 - 5 years 16.EFFECTS OF BUSINESS COMBINATIONS UNDER COMMON CONTROL Erde Mühendislik San. ve Tic. A.Ş. 31 December 2013 Current Assets 69.694.667 Non-Current Assets 2.940.743 Liabilities 66.766.814 Total Assets, Net 5.868.596 Amount Paid for Purchase 10.463.383 Carrying Value of Net Assets Acquired 5.868.596 Effects of Business Combinitians Under Common 4.594.787 Erde Müendislik San. ve Tic. A.Ş. The Shareholders transferred 100% of their shares to the Parent Company for 10.463.383 TL in accordance with the Board of Directors decision taken on 10 December 2013. The transfer transaction has been made on the basis of the financial statements dated 31 December 2013. Erde Mühendislik San. ve Tic. A.Ş. the real person shareholders and Company real person shareholders are the same, the acquisition is reported within the scope of business combination under common control. 17. SHORT-TERM PROVISIONS As of 31 December 2021 and 2020, Short-term Provisions are as follows: Short-term Provisions 31 December 2021 31 December 2020 Short-term Provisions for Employment Benefits 1.894.032 1.587.127 Adjusment Related to Contract Liabilities from Ongoing Construction and Contracting Projects 8.734.133 2.249.654 Lawsuit Provision 4.481.961 3.705.652 Total 15.110.126 7.542.433 As of 31 December 2021 and 2020, Lawsuit Provisions movements are as follows: 1 January - 1 January - Lawsuit Provisions 31 December 2021 31 December 2020 Openning Balance 3.705.652 2.854.294 Current Expense (Note 25) 913.622 1.090.159 Provision Released (137.313) (238.801) Closing Balance 4.481.961 3.705.652