Emlak Konut Gayrimenkul Yatirim Ortakligi : CONDENSED STANDALONE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY – 30 SEPTEMBER 2022

EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

CONDENSED STANDALONE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY - 30 SEPTEMBER 2022

(CONVENIENCE TRANSLATION OF THE REPORT FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

INDEX	PAGE
CONDENSED STANDALONE STATEMENT OF FINANCIAL POSITION ……………………………………	1-2
CONDENSED STANDALONE STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME……………………………………………………………………	3
CONDENSED STANDALONE STATEMENT OF CHANGES IN EQUITY………………………………………	4
CONDENSED STANDALONE STATEMENT OF CASH FLOWS…………………………………………………	5
NOTES TO THE CONDENSED STANDALONE FINANCIAL STATEMENTS…………………………………	6-38

EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

CONDENSED STANDALONE STATEMENT OF FINANCIAL POSITION AS OF 30 SEPTEMBER 2022 AND 31 DECEMBER 2021

(Amounts are expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

		Not
		Reviewed	Audited
		30 September	31 December
	Notes	2022	2021
ASSETS
Current assets		34,187,093	25,584,608
Cash and cash equivalents	4	3,407,568	3,634,384
Financial investments	5	-	500
Trade receivables	7	2,956,446	2,677,904
Trade receivables due from related parties	21	-	14,971
Trade receivables due from third parties		2,956,446	2,662,933
Other receivables	8	555,755	551,668
Other receivables due from third parties		555,755	551,668
Inventories	9	25,945,561	17,561,543
Prepaid expenses		681,974	958,716
Prepaid expenses to third parties	14	681,974	958,716
Other current assets	13	639,789	199,893
Non-current assets		5,003,601	5,044,510
Trade receivables	7	3,466,203	3,583,734
Trade receivables due from third parties		3,466,203	3,583,734
Other receivables	8	1,014	1,014
Financial investments	5	648,037	498,037
Investments in subsidiaries, joint operations and associates		648,037	498,037
Investment properties	10	814,592	880,496
Property, plant and equipment	11	68,893	78,274
Intangible assets		4,862	2,955
Total assets		39,190,694	30,629,118

The accompanying notes form an integral part of these condensed standalone financial statements.

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EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

CONDENSED STANDALONE STATEMENT OF FINANCIAL POSITION AS OF 30 SEPTEMBER 2022 AND 31 DECEMBER 2021

(Amounts are expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

		Not
		Reviewed	Audited
		30 September	31 December
	Notes	2022	2021
LIABILITIES AND EQUITY
Current liabilities		18,674,346	12,730,683
Short-term borrowings	6	804,367	1,535,733
Short-term portions of long-term borrowings	6	1,321,043	1,174,494
Trade payables	7	2,261,177	1,975,725
Trade payables due to related parties	21	997,947	503,948
Trade payables due to third parties		1,263,230	1,471,777
Other payables	8	572,735	180,690
Other payables to third parties		572,735	180,690
Deferred income	14	13,446,548	7,695,649
Deferred income from related parties	21	-	255,424
Deferred income from third parties		13,446,548	7,440,225
Short-term provisions		268,476	168,392
Short-term provisions for employee benefits		26,348	14,487
Other short-term provisions	12	242,128	153,905
Non-current liabilities		2,926,641	2,021,196
Long-term borrowings	6	2,775,554	1,907,320
Trade payables	7	-	2,099
Trade payables to third parties		-	2,099
Other payables	8	116,847	88,760
Other payables to third parties		116,847	88,760
Deferred income	14	4,738	4,738
Deferred income from third parties		4,738	4,738
Long-term provisions		29,502	18,279
Long-term provisions for employee benefits		29,502	18,279
Shareholders' equity		17,589,707	15,877,239
Paid-in capital	15	3,800,000	3,800,000
Treasury shares (-)		(296,231)	(296,231)
Share premium (discounts)		2,366,895	2,366,895
Other comprehensive income (expense) not to be
reclassified to profit or loss		(42)	(42)
Gain (loss) on revaluation and remeasurement		(42)	(42)
Restricted reserves appropriated from profit		885,383	794,629
Retained earnings		8,745,237	7,777,801
Net profit for the period		2,088,465	1,434,187
Total liabilities and equity		39,190,694	30,629,118

The accompanying notes form an integral part of these condensed standalone financial statements.

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EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

CONDENSED STANDALONE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE MONTHS INTERIM PERIOD ENDED 30 SEPTEMBER 2022 AND 2021

(Amounts are expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

		Not	Not	Not	Not
		Reviewed	Reviewed	Reviewed	Reviewed
		1 January-	1 July-	1 January-	1 July-
	Notes	30 September 2022	30 September 2022	30 September 2021	30 September 2021
Profit or loss
Revenue	16	5,391,880	869,072	4,742,530	1,918,942
Cost of sales (-)	16	(2,385,052)	(253,464)	(3,209,254)	(1,303,800)
Gross profit		3,006,828	615,608	1,533,276	615,142
General administrative expenses (-)	17	(510,593)	(202,883)	(284,317)	(79,154)
Marketing expenses (-)	17	(81,521)	(25,198)	(46,385)	(15,140)
Other income from operating activities	18	704,536	369,668	491,132	155,980
Other expenses from operating activities (-)	18	(758,344)	(1,182)	(283,301)	(183,286)
Operating profit		2,360,906	756,013	1,410,405	493,542
Income from investing activities	19	8,567	-	2,624	-
Operating profit before financial		2,369,473	756,013	1,413,029	493,542
income / (expense)
Financial income	20	365,095	145,573	98,627	29,904
Financial expenses (-)	20	(646,103)	(262,330)	(394,627)	(166,640)
Profit for the period		2,088,465	639,256	1,117,029	356,806
Other comprehensive income		-	-	-	-
Items that will be reclassified to profit or loss
Actuarial gains/losses related to		-	-	-	-
employee benefit liabilities
Total comprehensive income		2,088,465	639,256	1,117,029	356,806
Earnings per share (in full TL)		0.0057	0.0017	0.0031	0.0010

The accompanying notes form an integral part of these condensed standalone financial statements.

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