BIRLESIM_MUHENDISLIK 2023 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 193 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 28. NATURE AND LEVEL OF RISKS ARISING FROM FINANCIAL INSTRUMENTS (Continued) b) Financial Risk Factors The Group’s finance department; Responsible for identifying, measuring and proactively managing the financial risk that the Group is exposed to. For this purpose, it is responsible for ensuring regular access to domestic and foreign financial markets and monitoring and managing the financial risks faced by companies related to their activities through risk reports that show the analysis according to the level and size. These risks are; market risk (including currency risk, interest rate risk and price risk) includes credit risk, liquidity risk and cash flow interest rate risk. The Group does not trade financial instruments including derivative financial instruments for speculative reasons. b.1) Credit Risk Management The risk of financial loss to the Group due to the failure of one of the parties to the financial instrument to fulfill its contractual obligations is defined as credit risk. The credit risk details of the Group are as follows. Receivable Trade Receivable Other Receivables 31 December 2023 Related Party Third Party Related Party Third Party Deposits in Banks Other Credit risk exposure as of reporting date * 591.892 1.287.517.106 4.946.612 25.299.421 336.950.973 864.936 - Maximum risk secured by guarantees - - - - - - A. Net book value of financial assets that are not overdue or impaired 591.892 1.287.517.106 4.946.612 25.299.421 336.950.973 864.936 B. Net book value of assets that are past due but not impaired - - - - - - C. Net book values ​of impaired assets - - - - - - - Net value secured by guarantees - - - - - - D. Net book values ​of impaired assets - - - - - - - Overdue (gross book value) - 5.117.643 - - - - - Impairments (-) - (5.117.643) - - - - - Net value secured by guarantees - - - - - - - Not overdue (gross book value) - - - - - - - Impairments (-) - - - - - - - Net value secured by guarantees - - - - - - E. Elements involving off-balance sheet credit risk - - - - - - * In determining the amounts, factors that increase credit reliability, such as the guarantees received, were not taken into account.