BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 191 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 20. OTHER ASSETS AND LIABILITIES (continued) As of the 31 December 2021 and 2020, Other Long-term Liabilities are as follows: Other Non-Current Assets 31 December 2021 31 December 2020 Deposits and Guarantees Given 126.979 57.743 Total 126.979 57.743 21. EQUITY RESERVES AND OTHER EQUITY ITEMS The Group’s issued capital is divided into 102.000.000 shares, each worth 1 Turkish Lira (31 December 2020: 1 TL, 11.100.000 units). As of 31 December 2021 and 2020, the shareholding structure of the Group is as follows: 31 December 2021 31 December 2020 Shareholders Group  Share Rate Share Amount Group  Share Rate Share Amount Mesut Altan B 26,96% 27.500.000 - 50,00% 5.550.000 İdris Çakır B 26,96% 27.500.000 - 50,00% 5.550.000 Mesut Altan A 3,92% 4.000.000 - - - İdris Çakır A 3,92% 4.000.000 - - - Public Shares B 38,24% 39.000.000 - - - Capital 102.000.000 11.100.000 Inflation Adjustments -- 2.971 Adjusment Capital 102.000.000 11.102.971 With the general assembly decision dated 6 June 2021, the capital shares were divided into A and B groups. With the amendments to the articles of association approved at the relevant general assembly, two of the members of the Board of Directors are elected from among Group A shares. In addition, the Articles of Association of the Company has been amended so that Group A shares can only be sold to Group A shareholders. In the current period, 68.900.000 TL of capital increase was made, of which 2.971 TL was due to inflation adjustment differences and 68.897.029 TL was from previous years profits. The Company’s shares with a nominal value of 39.000.000 TL, of which 22.000.000 TL is in the form of capital increase and 17.000.000 TL in the form of share sales of existing partners, were offered to the public on 11-12-13 August 2021 at a fixed price with the method of bookbuilding. started to be traded on the Stock Exchange on August 20, 2021. After the public offering, the capital increased to 102.000.000 TL. Premium on Shares It consists of the issuance premiums obtained from the shares with a nominal value of 39.000.000 that the Company made public on 20 August 2021. Restricted Reserves Legal reserves consist of first and second legal reserves, which are allocated according to the Turkish Commercial Code. First order legal reserves are set aside at the rate of 5% per annum of prior period commercial profits until all reserves reach 20% of the historical (not indexed for inflation) paid-in capital. Second order legal reserves are set aside at the rate of 10% per annum over all cash dividend distributions after the first order legal reserves and dividends.