BIRLESIM_MUHENDISLIK 2023 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 171 Birleşim Mühendislik Isitma Soğutma Havalandirma Sanayi Ticaret A.Ş. and its Subsidiaries (Amounts are expressed in terms of purchasing power of Turkish Lira (“TL”) as of December 31, 2023 unless otherwise stated.) Notes to the Consolidated Financial Statements For the Year Ended 31 December 2023 3. BUSINESS MERGERS Solar Santral Acquisitions The company has purchased 70% of the shares of Solar Santral for a total of 28.667.645 TL on December 31, 2022. The relevant business combination has been accounted for under TFRS 3 using the acquisition method. The details of the business combination are as follows: Solar Santral Enerji A.Ş. 31 December 2023 Identifiable Assets Acquired* 40.336.136 Short Term Foreign Resource 10.465.539 Net Assets Total 29.870.597 Earned Cash (-) 2.571.308 Non-Controlling Interests (-) 1.202.952 Amount Paid for Purchase (-) 26.096.337 Calculated Goodwill - As part of the group business combination, customer relationships have been recognized as identifiable assets for 25.860.757 TL (Note 14).