BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 204 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.3) Market risk (continued) b.3.1) Foreign Currency Risk Management The Group is exposed to exchange rate risk arising from currency changes due to the conversion of foreign currency denominated debts or creditors into TL. The said exchange rate risk is followed by analyzing the foreign exchange position. Assets and liabilities denominated in foreign currency, together with their purchase and sale commitments, expose the Group to currency risk. The distribution of the Group’s monetary and non-monetary assets in foreign currency and monetary and non-monetary liabilities as of the balance sheet date is as follows: 31 December 2021 31 December 2020 TRY Equivalent USD EURO GBP TRY Equivalent USD EURO 1. Trade Receivables 46.635.637 2.104.027 1.232.281 - 19.535.827 1.961.109 570.644 2a. Monetary Financial Assets 148.118.628 10.693.339 370.274 50 99.472.814 13.247.529 247.486 2b. Non-Monetary Financial Assets 3.741.508 129.450 133.632 - 7.552.875 819.272 170.851 4. CURRENT ASSETS 198.495.773 12.926.816 1.736.188 50 126.561.516 16.027.910 988.981 9. TOTAL ASSETS 198.495.773 12.926.816 1.736.188 50 126.561.516 16.027.910 988.981 10. Trade Payables (139.347.028) (4.387.793) (5.343.215) - (6.184.237) (624.544) (177.596) 11. Financial Liabilities - - - - (1.065.931) - (118.333) 12a. Monetary Liabilities (931.640) - (61.641) - (102.767) (14.000) - 12b. Non-Monetary Liabilities - - - - (47.725.185) (5.942.626) (455.527) 13. SHORT-TERM LIABILITIES (140.278.668) (4.387.793) (5.404.857) - (55.078.120) (6.581.170) (751.456) 18. TOTAL LIABILITIES (140.278.668) (4.387.793) (5.404.857) - (55.078.120) (6.581.170) (751.456) 20. Net Foreign Currency (Liability)/Asset Position (9-18) 58.217.105 8.539.023 (3.668.669) 50 71.483.396 9.446.740 237.524