BIRLESIM_2021_ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2021 ANNUAL REPORT 205 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 (continued) Sensitivity to currency risk The table below shows the Group’s effect on net profit/loss and equity for the period, assuming 10% appreciation and depreciation of TL against foreign currencies and all other variables being constant. The Group uses 10% when reporting to senior management and evaluating possible change for management’s currency risk analysis. As of 31 December 2021 and 2020, the Group’s currency risk sensitivity tables are as follows; 31 December 2021 Profit/Loss Appreciation of foreign currency Depreciation of foreign currency 1. USD net asset/(liability) 11.381.663 (11.381.663) 2. EURO net asset/(liability) (5.534.811) 5.534.811 Total 5.846.852 (5.846.852) 31 December 2020 Profit/Loss Appreciation of foreign currency Appreciation of foreign currency 1. USD net asset/(liability) 6.934.380 (6.934.380) 2. EURO net asset/(liability) 213.960 (213.960) Total 7.148.340 (7.148.340) b.3.2) Interest Rate Risk Management The sensitivity analysis has been determined based on the interest rate risks to which the loan is exposed at the reporting date. In the analysis of floating rate liabilities, the assumption that the balance at the end of the year exists throughout the year is used. Group management expects a 150 basis point fluctuation in interest rates. The sensitivity of the Group to the interest rate has increased in the current period. The main reason for this is; the increase in floating rate debt instruments and the decrease in swap contracts with fixed interest rate. Interest Position Table Financial and Operiational Liabilities 31 December 2021 31 December 2020 Fixed Rate Financial and Operational Payables 69.309.915 109.079.853