BIRLESIM_MUHENDISLIK 2023 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 176 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 6. CASH AND CASH EQUIVALENTS As of the 31 December 2023 and 2022, cash and cash equivalents are as follows : 31 December 2023 31 December 2022 Cash 864.936 153.357 Cash on Deposits 336.950.973 587.025.256 - TL Demand Deposits 74.529.360 5.841.211 - Currency Demand Deposits 228.223.882 194.747.779 - TL Time Deposits 14.801.843 319.653.047 - Currency Time Deposits 19.395.888 66.783.219 Total 337.815.909 587.178.613 The maturity of TL time deposits is less than 3 months and the interest rate varies between 35% (31 December 2022: 12% and 16,8%). The maturity of Euro time deposits is less than 3 months and the interest rate varies between 0,05 and 1,20 (31 December 2022: 0,20%). The maturity of USD time deposits is less than 3 months and the interest rate is 0,01% (31 December 2022: varies between 1,1%). 7. TRADE RECEIVABLES AND PAYABLES As of the 31 December 2023 and 2022, Trade Receivables are as follows : Short-term Trade Receivables 31 December 2023 31 December 2022 Trade Receivables from Related Party (Note 5) 591.892 203.295 Trade Receivables from Third Party 876.606.754 876.926.968 Notes Receivables and Postpaid Cheques 410.910.352 249.922.699 Doubtful Receivables 5.117.643 8.432.494 Provision for Doubtful Receivables (-) (5.117.643) (8.432.494) Short-term Trade Receivables 1.288.108.998 1.127.052.962 Explanations on the nature and level of risks in trade receivables are given in Note 28 b.1.  The average collection period for trade receivables is 70 days (31 December 2022: 90). The Group’s doubtful trade receivable movements are as follows: Provision for the Doubtful Receivables 1 January - 31 December 2023 1 January - 31 December 2022 Opening Balance 8.432.494 19.274.340 Canceled Provisions (Note 25) - (4.111.192) Term Expense - 810.357 Monetary Gain/Loss (3.314.851) (7.541.011) Closing Balance 5.117.643 8.432.494