OYAK Çimento Fabrikalari : Çimento Fabrikaları A.Ş. - Financial Statements 31.03.2023

(CONVENIENCE TRANSLATION OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF 31 MARCH 2023

INDEX	PAGE
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION	1-3
CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME	4-5
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY	6
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS	7-8
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS	9-41

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

Condensed Consolidated Statement of Financial Position as of 31 March 2023

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

		Not reviewed	Audited
		Current Period	Prior Period
		31 March	31 December
	Notes	2023	2022
ASSETS
Current Assets		7.717.830.455	6.635.133.060
Cash and Cash Equivalents	3	2.595.514.415	1.770.851.233
Financial Investments	9	214.456.956	266.296.534
Trade Receivables	4-5	2.609.301.665	2.607.420.673
Trade Receivables from Related Parties	4	270.534.953	252.061.558
Trade Receivables from Third Parties		2.338.766.712	2.355.359.115
Other Receivables		13.288.774	20.818.601
Other Receivables from Related Parties	4	4.578.871	4.435.523
Other Receivables from Third Parties		8.709.903	16.383.078
Inventories	6	2.108.418.037	1.774.218.377
Prepaid Expenses	7	170.534.632	188.147.816
Other Current Assets		5.051.630	6.115.480
Assets Held for Sale		1.264.346	1.264.346
Non-current Assets		4.931.139.835	4.722.755.026
Other Receivables		3.386.103	3.689.125
Other Receivables from Third Parties		3.386.103	3.689.125
Investment Properties		17.412.645	17.412.645
Right-of-use Assets		60.127.092	53.039.409
Property, Plant and Equipment	8	2.524.169.085	2.488.219.540
Intangible assets		73.413.160	73.694.192
Goodwill		7.062.941	7.062.941
Other Intangible Assets	8	66.350.219	66.631.251
Prepaid Expenses	7	62.638.393	52.205.702
Deferred Tax Assets	14	2.188.114.440	2.032.563.304
Other Non-current Assets		1.878.917	1.931.109
TOTAL ASSETS		12.648.970.290	11.357.888.086

1

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

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

Condensed Consolidated Statement of Financial Position as of 31 March 2023

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

		Not reviewed	Audited
		Current Period	Prior Period
		31 March	31 December
	Notes	2023	2022
LIABILITIES AND EQUITY
Current Liabilities		3.835.043.279	3.502.983.384
Short-term Borrowings	12	1.061.696.544	878.140.914
Short-term Portion of Long-term Borrowings	12	19.541.227	17.210.688
Trade Payables	4-5	1.867.572.443	1.911.170.034
Trade Payables to Related Parties	4	405.345.988	405.603.677
Trade Payables to Third Parties		1.462.226.455	1.505.566.357
Payables Related to Employee Benefits		169.382.198	43.948.248
Other Payables		114.236.245	86.740.172
Other Payables to Related Parties	4	4.759.201	4.461.254
Other Payables to Third Parties		109.477.044	82.278.918
Deferred Income	7	126.246.434	113.321.863
Current Tax Liabilities	14	301.699.181	250.108.759
Short-term Provisions		174.049.968	201.906.838
Short-term Provisions for Employee Benefits		30.997.545	106.857.614
Other Short-term Provisions	10	143.052.423	95.049.224
Other Short-term Liabilities		619.039	435.868
Non-current Liabilities		432.559.219	490.689.594
Long-term Borrowings	12	46.092.713	41.113.604
Deferred Income	7	671.685	1.343.369
Long-term Provisions		385.794.821	448.232.621
Long-term Provisions for Employee Benefits		357.894.012	420.331.812
Other Long-term Provisions	10	27.900.809	27.900.809
TOTAL LIABILITIES		4.267.602.498	3.993.672.978

2

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

OYAK ÇİMENTO FABRİKALARI ANONİM ŞİRKETİ AND ITS SUBSIDIARIES

Condensed Consolidated Statement of Financial Position as of 31 March 2023

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

		Not reviewed	Audited
		Current Period	Prior Period
		31 March	31 December
	Notes	2023	2022
EQUITY		8.381.367.792	7.364.215.108
Equity Attributable to Parent		8.381.367.792	7.364.215.108
Paid-in Capital	13	1.159.793.441	1.159.793.441
Capital Adjustment Differences	13	134.868.176	134.868.176
Repurchased Shares (-)		(6.935.220)	(6.935.220)
Share Premiums (Discounts)		234.322	234.322
Other Accumulated Comprehensive Income
(Expenses) That Will Not Be Reclassified To		(155.943.894)	(155.943.894)
Profit or Loss
- Gains (Losses) on Remeasurement of Defined
Benefit Plans		(155.943.894)	(155.943.894)
Other Accumulated Comprehensive Income
(Expenses) That Will Be Reclassified To
Profit or Loss		1.679.046	1.586.071
- Foreign Currency Translation Differences		1.679.046	1.586.071
Restricted Reserves Appropriated from Profit	13	405.954.871	405.954.871
The Effect of Mergers Involving Undertaking or
Enterprises Subject to Common Control		(203.986.378)	(203.986.378)
Retained earnings		6.028.643.719	1.528.636.796
Net Profit for the Period		1.017.059.709	4.500.006.923
TOTAL LIABILITIES AND EQUITY		12.648.970.290	11.357.888.086

3

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