BIRLESIM_MUHENDISLIK 2023 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 196 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 (Continued) b.3) Market risk (Continued) b.3.1) Foreign Currency Risk Management The Group is exposed to exchange rate risk arising from currency changes due to the conversion of foreign currency denominated debts or creditors into TL. The said exchange rate risk is followed by analyzing the foreign exchange position. Assets and liabilities denominated in foreign currency, together with their purchase and sale commitments, expose the Group to currency risk. The distribution of the Group’s monetary and non-monetary assets in foreign currency and monetary and non-monetary liabilities as of the balance sheet date is as follows: 31 December 2023 31 December 2022 Equivalent To TL USD Equivalent To TL Euro Equivalent To TL GBP Equivalent To TL Macedonian Dinar Equivalent To TL Equivalent To TL USD Equivalent To TL Euro Equivalent To TL GBP Equivalent To TL 1. Trade Receivables 173.321.676 5.750.120 167.571.555 - - 562.498.616 161.695.941 179.681.964 - 2a. Monetary Financial Assets 247.772.250 41.482.815 204.846.003 39.314 1.404.118 392.610.408 112.004.330 126.245.565 23.614 2b. Non-Monetary Financial Assets 587.061.280 457.744.509 95.469.247 - 33.847.525 66.765.697 14.830.227 25.689.578 - 4. CURRENT ASSETS 1.008.155.206 504.977.444 467.886.806 39.314 35.251.642 1.021.874.721 288.530.498 331.617.107 23.614 9. TOTAL ASSETS 1.008.155.206 504.977.444 467.886.806 39.314 35.251.642 1.021.874.721 288.530.498 331.617.107 23.614 10. Trade Payables (244.286.077) (119.994.643) (58.935.881) - (65.355.553) (125.176.936) (46.228.653) (29.740.672) - 11. Financial Liabilities (33.436.152) (41) - - (33.436.111) (60) (37) - - 12a. Monetary Liabilities - - - - - (146.174) - (88.712) - 12b. Non-Monetary Liabilities (455.369.153) (322.428.145) (95.711.814) - (37.229.194) - - - - 13. SHORT-TERM LIABILITIES (733.091.383) (442.422.829) (154.647.695) - (136.020.859) (125.323.170) (46.228.690) (29.829.384) - 18. TOTAL LIABILITIES (733.091.383) (442.422.829) (154.647.695) - (136.020.859) (125.323.170) (46.228.690) (29.829.384) - 20. Net Foreign Currency Asset Liability Position (9-18) 275.063.824 62.554.615 313.239.111 39.314 (100.769.216) 896.551.551 242.301.808 301.787.723 23.614