BIRLESIM_MUHENDISLIK 2023 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2023 ANNUAL REPORT 197 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 (Continued) Sensitivity to currency risk The table below shows the Group’s effect on net profit/loss and equity for the period, assuming 10% appreciation and depreciation of TL against foreign currencies and all other variables being constant. The Group uses 10% when reporting to senior management and evaluating possible change for management’s currency risk analysis. As of 31 December 2023 and 2022, the Group’s currency risk sensitivity tables are as follows; 31 December 2023 Profit/Loss Appreciation of foreign currency Depreciation of foreign currency 1. USD net asset/(liability) 6.335.125 (6.335.125) 2. EURO net asset/(liability) 31.351.729 (31.351.729) 3. Macedonian Dinar net asset/(liability) (10.076.922) 10.076.922 Total 27.609.932 (27.609.932) 31 December 2022 Profit/Loss Appreciation of foreign currency Depreciation of foreign currency 1. USD net asset/(liability) 24.238.498 (24.238.498) 2. EURO net asset/(liability) 30.184.134 (30.184.134) Total 54.422.632 (54.422.632) b.3.2) Interest Rate Risk Management The sensitivity analysis has been determined based on the interest rate risks to which the loan is exposed at the reporting date. In the analysis of floating rate liabilities, the assumption that the balance at the end of the year exists throughout the year is used. Group management expects a 150 basis point fluctuation in interest rates. The sensitivity of the Group to the interest rate has increased in the current period. The main reason for this is; the increase in floating rate debt instruments and the decrease in swap contracts with fixed interest rate. Interest Position Table Financial and Operational Liabilities 31 December 2023 31 December 2022 Fixed Rate Financial and Operational Payables 51.441.193 40.078.417