BIRLESIM_2022 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2022 FAALİYET RAPORU 157 Birleşim Mühendislik Isıtma Soğutma Havalandırma Sanayi Ticaret Anonim Şirketi and Its Subsidiaries (Currency in Turkish Lira (“TL”) unless otherwise stated). Notes to the Consolidated Financial Statements for the Year Ended 31 December 2022 6. CASH AND CASH EQUIVALENTS As of the 31 December 2022 and 2021, cash and cash equivalents are as follows : 31 December 2022 31 December 2021 Cash 93.071 49.925 Cash on Deposits 356.263.014 180.045.117 - TL Demand Deposits 3.545.005 13.084.822 - Currency Demand Deposits 118.191.560 80.964.141 - TL Time Deposits 193.996.011 39.405.431 - Currency Time Deposits 40.530.438 46.590.723 356.356.085 180.095.042 The maturity of TL time deposits is less than 3 months and the interest rate varies between 13% and 20% (31 December 2021: 12% and 16,8%). The maturity of Euro time deposits is less than 3 months and the interest rate varies between 0,05 and 1,20 (31 December 2021: 0,20%). The maturity of USD time deposits is less than 3 months and the interest rate is 13,5% (31 December 2021: varies between 1,1%). 7. TRADE RECEIVABLES AND PAYABLES As of the 31 December 2022 and 2021, Trade Receivables are as follows : Short-term Trade Receivables 31 December 2022 31 December 2021 Trade Receivables from Related Party (Note 5) 123.379 6.251.197 Trade Receivables from Third Party 532.203.072 272.939.955 Notes Receivables and Postpaid Cheques 151.676.973 52.307.828 Doubtful Receivables 5.117.643 7.120.905 Provision for Doubtful Receivables (-) (5.117.643) (7.120.905) 684.003.424 331.498.980 Explanations on the nature and level of risks in trade receivables are given in Note 30 b.1.  The average collection period for trade receivables is 90 days (31 December 2021: 90). The Group’s doubtful trade receivable movements are as follows: 1 January - 1 January - Provision for the Doubtful Receivables 31 December 2022 31 December 2021 Opening Balance 7.120.905 6.533.698 Canceled Provisions (Note 25) (2.495.064) - Term Expense 491.802 587.207 Closing Balance 5.117.643 7.120.905 As of the 31 December 2022, provision for doubtful receivables has been reserved for the portion of trade receivables amounting to TL 5.117.643 (31 December 2021 – TL 7.120.905). The doubtful receivables provision for trade receivables has been calculated according to TFRS 9 expected credit loss model. Short-term Trade Payables 31 December 2022 31 December 2021 Notes Payables 367.464.069 183.981.073 Trade Payables from Third Party 206.092.959 100.057.644 Trade Payables from Related Payables (Note 5) 7.924.707 16.368.275 581.481.735 300.406.992 Explanations on the nature and level of risks in trade payables are given in Note 30 b.2. The average payment period for trade payables is 90 days (31 December 2021: 93).