BIRLESIM_2022 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2022 FAALİYET RAPORU 134 Birleşim Mühendislik Isıtma Soğutma Havalandırma Sanayi Ticaret Anonim Şirketi and Its Subsidiaries The accompanying notes form an integral part of these financial statements. (Currency in Turkish Lira (“TL”) unless otherwise stated) Audited Audited Notes 31 December 2022 31 December 2021 A. Cash Flows from Operating Activities 320.701.121 (50.209.906) Profit for the Period 175.448.125 55.822.325 Adjustments: Depreciation and Amortization Expenses 13, 14, 15 4.424.295 5.295.224 Doubtful Debt Provision/Cancelled, net 7 (2.003.262) 587.207 Appreciation of Financial Assets - 43.230 Provision for Project Loss 17 (7.898.799) 6.484.479 (Gain)/Loss on Sale of Assets, net 26 (12.952.844) (5.204.996) Retirement Pay Provision 19 3.451.772 2.066.189 Vacation Provision 19 2.052.005 306.905 Lawsuit Provision 17 1.437.912 776.309 Adjustments Regarding Tax (Income) Expense 28 17.763.336 - Interest Income 26, 27 (22.750.975) (14.627.089) Interest Expense 27 19.208.006 19.945.223 Other Adjustments Related to Profit (Loss) Reconciliation 11.022.824 - Profit for the Change in Capitalization 189.202.395 71.495.006 Trade Receivable (Increase)/Decrease 5, 7 (350.501.182) (165.191.474) Inventories Decrease/(Increase) 10 (151.339.213) (41.635.922) Other Receivable (Increase)/Decrease 5, 9 (49.340.863) 495.137 Prepaid Expenses Decrease/(Increase) 11 (53.754.164) (21.744.298) Other Current and Non-Current (Increase)/Decrease 20 (69.605.462) (50.738.580) Deferred Cost of Construction and Given Advances 8 (45.856.309) (8.957.684) Trade Payables (Increase)/Decrease 5, 7 280.476.113 160.602.986 Other Payables (Increase)/Decrease 5, 9 29.000.941 (30.703.088) Payables for Employee Benefits (Increase)/Decrease 19 5.412.100 3.403.028 Deferred Income (Increase)/Decrease 11 588.491.010 52.872.181 Other Current and Non-Current Liabilities (Increase)/Decrease 20 6.721.608 6.660.874 Prepaid Taxes 28 (55.347.038) (25.098.383) Prepaid Retirement Pay 17 (2.858.815) (1.669.689) B. Cash Flows from Investing Activities (82.873.576) 2.174.832 Purchase of Tangible and Intangible Assets 14, 15, 16 (10.487.376) (10.360.879) Sales of Tangible and Intangible Assets 14, 15, 16 1.921.009 8.135.918 Purchase of Properties held for Sale 29 (48.245.714) (1.012.414) Sales of Properties held for Sale 29 18.677.077 30.942.242 Cash Outflows from Acquisition of Subsidiaries 3 (26.096.337) - Treasury Shares 21 (88.254.975) (30.079.410) Cash Inflows from Sale of Repurchased Shares 21 116.153.554 - Interest Income 26 20.698.810 6.434.244 Purchase of Financial Assets 13 (67.239.624) (1.884.869) C. Cash Flows from Financing Activities (61.566.502) 179.068.093 Loan Usage 13 68.625.318 178.032.584 Loan Paid 13 (113.590.136) (214.806.374) Payment of Leasing 12 (19.451) (2.351.667) Interest Income from Shareholders 27 2.052.165 8.192.845 Interest Paid 27 (19.208.006) (19.945.223) Capital Increase - 190.368.202 Change in Related Party Payables 5 5.056.939 39.577.726 Treasury Shares 21 (4.483.331) - Net Increase/(Decrease) on Cash and Cash Equivalents 176.261.043 131.033.019 Cash and Cash Equivalents at the Beginning of the Period 6 180.095.042 49.062.023 Cash and Cash Equivalents at the End of the Period 6 356.356.085 Notes to the Consolidated Financial Statements for the Year Ended 31 December 2022