BIRLESIM_MUHENDISLIK 2023 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 177 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 7. TRADE RECEIVABLE AND PAYABLES (Continued) As of the 31 December 2023, provision for doubtful receivables has been reserved for the portion of trade receivables amounting to TL 5.117.643 (31 December 2022 - TL 8.432.494). The doubtful receivables provision for trade receivables has been calculated according to TFRS 9 expected credit loss model. Short-term Trade Payables 31 December 2023 31 December 2022 Notes Payables 277.780.926 605.481.571 Trade Payables from Third Party 499.846.634 339.585.551 Trade Payables from Related Payables (Note 5) 5.371.714 13.057.777 Short-term Trade Payables 782.999.274 958.124.899 Explanations on the nature and level of risks in trade payables are given in Note 28 b.2. The average payment period for trade payables is 75 days (31 December 2022: 93). 8. ASSETS AND LIABILITIES FROM CLIENT CONTRACTS As of the 31 December 2023 and 2022, Assets and Liabilities from Client Contracts are as follows : Assets from Client Contracts 31 December 2023 31 December 2022 Assets from Client Contracts 154.638.046 119.729.756 Total 154.638.046 119.729.756 As of the 31 December 2023 and 2022, Assets and Liabilities from Client Contracts are as follows : Liabilities from Client Contracts 31 December 2023 31 December 2022 Liabilities from Client Contracts 109.771.219 367.860.529 Total 109.771.219 367.860.529