BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 203 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 30. NATURE AND LEVEL OF RISKS ARISING FROM FINANCIAL INSTRUMENTS (continued) b) Financial Risk Factors (continued) b.2) Liquidity Risk The Group manages its liquidity risk by regularly monitoring the estimated and actual cash flows, taking into account short, medium and long-term funding and liquidity requirements. The Group manages the risk by keeping sufficient cash by regularly monitoring projected and actual cash inflows/outflows, assets and liabilities, and by making use of bank loans. The table below shows the maturity distribution of the Group’s non-derivative financial liabilities. The following tables have been prepared without discounting the Group’s liabilities and based on the earliest due dates. Interests to be paid on these liabilities are included in the table below. 31 December 2021 Book Value Total contractual or expected cash outflow (=I+II+III+IV) Less than 3 Months (I) Between 3-12 Months (II) Between 1-5 Years (III) Over 5 Years (IV) Trade Payables 300.406.992 300.406.992 156.231.791 144.175.201 - - Other Payables 30.453 30.453 30.453 - - - Financial Payables 69.288.230 70.360.640 60.741.101 8.682.410 937.129 - Lease Liabilities 21.685 21.685 21.685 - - - Total Liabilities 369.747.360 370.819.770 217.025.030 152.857.611 937.129 - 31 December 2020 Trade Payables 139.804.006 139.804.006 66.480.573 73.323.433 - - Other Payables 30.733.541 30.733.541 30.733.541 - - - Financial Payables 106.062.020 106.534.035 56.343.889 49.986.526 203.620 - Lease Liabilities 3.017.833 3.707.024 897.037 1.653.667 504.576 651.744 Total Liabilities 279.617.400 280.778.606 154.455.040 124.963.626 708.196 651.744 b.3) Market risk The Group’s operations are primarily exposed to financial risk related to changes in foreign exchange rates and interest rates, as detailed below. There has been no change in the market risk that the Group is exposed to in the current year, or in the management and measurement methods of the risks it is exposed to, compared to the previous year.