BIRLESIM_2022 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2022 FAALİYET RAPORU 178 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 30. 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 2022 31 December 2021 TRY Equivalent USD EURO GBP TRY Equivalent USD EURO GBP 1. Trade Receivables 341.377.905 8.647.628 9.013.437 - 46.635.637 2.104.027 1.232.281 - 2a. Monetary Financial Assets 238.249.895 5.990.081 6.332.892 - 148.118.628 10.693.339 370.274 50 2b. Non-Monetary Financial Assets 40.519.804 793.132 1.288.674 - 3.741.508 129.450 133.632 - 4. CURRENT ASSETS 620.147.604 15.430.841 16.635.002 - 198.495.773 12.926.816 1.736.188 50 9. TOTAL ASSETS 620.147.604 15.430.841 16.635.002 - 198.495.773 12.926.816 1.736.188 50 10. Trade Payables (75.969.325) (2.467.897) (1.489.208) - (139.347.028) (4.387.793) (5.343.215) - 11. Financial Liabilities (37) (2) - - - - - - 12a. Monetary Liabilities (88.712) - (4.442) - (931.640) - (61.641) - 12b. Non-Monetary Liabilities (76.058.074) (2.467.899) (1.493.650) - (140.278.668) (4.387.793) (5.404.857) - 13. SHORT-TERM LIABILITIES (76.058.074) (2.467.899) (1.493.650) - (140.278.668) (4.387.793) (5.404.857) - 18. TOTAL LIABILITIES 544.089.530 12.962.942 15.141.352 - 58.217.105 8.539.023 (3.668.669) 50 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 2022 and 2021, the Group’s currency risk sensitivity tables are as follows; 31 December 2022 Profit/Loss Appreciation of foreign currency Depreciation of foreign currency 1. USD net asset/(liability) 15.918.608 (15.918.608) 2. EURO net asset/(liability) 8.417.959 (8.417.959) 24.336.567 (24.336.567) 31 December 2021 Profit/Loss Appreciation of foreign currency Appreciation of foreign currency 1. USD net asset/(liability) 11.381.663 (11.381.663) 2. EURO net asset/(liability) (5.534.811) 5.534.811 5.846.852 (5.846.852)