Financial Statements for the period ended 31.03.2007 (IFRS) and notes
|
Prepared in Accordance
with International Financial Reporting Standards (IFRS)
|
| |
| CONSOLIDATED
BALANCE SHEET (YTL) |
|
Independent
Audit |
| Not Audited |
Audited |
| ASSETS |
Footnote
References |
31.03.2007 |
31.12.2006 |
Current Assets
|
|
227.019.627 |
211.589.324 |
Cash and Cash Equivalents
|
4 |
57.711.100 |
48.391.208 |
Marketable Securities (net)
|
5 |
0 |
464.389 |
Trade Receivables (net)
|
7 |
46.836.329 |
52.188.333 |
Financial Leasing Receivables
(net)
|
8 |
0 |
0 |
Due From Related Parties
(net)
|
9 |
6.693.786 |
2.605.433 |
| Other Receivables (net) |
10 |
3.674.965 |
3.674.647 |
| Alive Assets (net) |
11 |
0 |
0 |
| Inventories (net) |
12 |
100.192.765 |
94.460.239 |
Receivables From Consruction
Contracts In- Progress (net)
|
13 |
0 |
0 |
| Deferred Tax Assets |
14 |
0 |
0 |
| Other Current Assets |
15 |
11.910.682 |
9.805.075 |
| |
| Non-Current Assets |
|
75.189.887 |
78.658.724 |
| Trade Receivables (net) |
7 |
90.987 |
595.951 |
| Financial Lease Receivables
(net) |
8 |
0 |
0 |
Receivables from Related Parties
(net) |
9 |
0 |
0 |
| Other Receivables (net) |
10 |
0 |
0 |
| Financial Assets (net) |
16 |
3.898 |
3.898 |
| Positive/Negative Goodwill
(net) |
17 |
2.340.995 |
2.340.995 |
Real Estate Properties with
Investment Purposes (net) |
18 |
0 |
0 |
| Tangible Fixed Assets (net) |
19 |
72.097.736 |
75.040.622 |
| Intangible Fixed Assets
(net) |
20 |
640.926 |
671.729 |
| Deferred Tax Assets |
14 |
0 |
0 |
| Other Non-Current Assets |
15 |
15.345 |
5.529 |
| TOTAL ASSETS |
|
302.209.514 |
290.248.048 |
| |
|
Independent
Audit |
| Not Audited |
Audited |
| LIABILITIES (YTL) |
Footnote
References |
31.03.2007 |
31.12.2006 |
| I. Short Term Liabilities |
|
115.745.995 |
89.879.201 |
Financial Liabilities (net)
|
6 |
18.861.106 |
18.867.889 |
Principal and Interest Payments
of Long-Term Financial Liabilities (net)
|
6 |
0 |
0 |
Financial Lease Payables (net)
|
8 |
0 |
0 |
Other Financial Liabilities (net)
|
10 |
0 |
0 |
Trade Payables (net)
|
7 |
19.789.921 |
26.678.730 |
Due to Related Parties (net)
|
9 |
44.633.675 |
28.507.716 |
| Advances Taken |
21 |
715.499 |
53.513 |
Advances Received For
Construction Contracts In-Progress (net) |
13 |
0 |
0 |
| Provision For Expenses and Liabilities |
23 |
11.265.587 |
9.949.968 |
| Deferred Tax Liabilities |
14 |
0 |
0 |
| Other Liabilities (net) |
15 |
20.480.207 |
5.821.385 |
Long Term Liabilities
|
|
10.811.798 |
11.008.030 |
Finance Liabilities (net)
|
6 |
0 |
0 |
Financial Lease Payables (net)
|
8 |
0 |
0 |
Other Financial Liabilities (net)
|
10 |
0 |
0 |
| Trade Payables (net) |
7 |
0 |
0 |
| Due to Related Parties (net) |
9 |
0 |
0 |
| Advances Taken |
21 |
0 |
0 |
| Provision For Expenses and Liabilities |
23 |
6.118.657 |
5.754.956 |
| Deferred Tax Liability |
14 |
3.601.917 |
4.161.850 |
Other Liabilities (net)
|
15 |
1.091.224 |
1.091.224 |
| MINORITY INTEREST |
24 |
7.085 |
9.112 |
SHAREHOLDERS' EQUITY
|
|
175.644.636 |
189.351.705 |
| Share capital |
25 |
16.946.471 |
16.946.471 |
| Elimination Adjustments |
25 |
0 |
0 |
| Capital Reserves |
26 |
123.611.347 |
123.611.347 |
| Share Premiums |
|
0 |
0 |
| Profit From Invalidation of Shares |
|
1 |
1 |
| Fixed Assets Revaluation Fund |
|
0 |
0 |
| Financial Assets Revaluation Fund |
|
0 |
0 |
Inflation Adjustment Differences
of Shareholders’ Equity |
|
123.611.346 |
123.611.346 |
| Retained Earnings |
26-27 |
33.870.220 |
25.262.158 |
| Legal Reserves |
|
11.235.250 |
8.479.030 |
| Statutory Reserves |
|
0 |
0 |
| Extraordinary Reserves |
|
21.039.727 |
15.187.885 |
| Special Reserves |
|
1.449.390 |
1.449.390 |
Income From Sales of Subsidiary Shares
and Fixed Assets Held for Addition
to Share capital |
|
145.853 |
145.853 |
| Foreign Currency Translation Differences |
|
0 |
0 |
| Net Profit/(Loss) For The Period |
26-28 |
1.216.598 |
23.531.729 |
| Previous Years’ Profit/Loss |
|
0 |
0 |
| TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES |
|
302.209.514 |
290.248.048 |
| CONSOLIDATED CASH FLOW STATEMENT |
31.03.2007 |
31.03.2006 |
| Cash flows from operating activities |
|
|
| Net Profit / (Net Loss) |
1.216.598 |
4.378.975 |
| Adjustments to Reconcile Net Earnings To Cash Flows |
|
|
| Depreciation |
3.033.242 |
3.132.149 |
| Amortization |
54.786 |
55.604 |
| Provision For Termination Indemnitiy |
363.701 |
334.341 |
| Taxes |
360.241 |
2.434.950 |
| Provision for Doubtful Receivables |
83 |
4.377 |
| Provision For Diminutionin Value Of Subsidiaries |
0 |
0 |
| Provision For Interest Income |
(93.977) |
(116.337) |
| Provision for Interest Expenses |
389.106 |
0 |
| Income/Expense not Causing Fund Inflow |
1.394.006 |
842.194 |
| Profit / Net from sales of Fixed Assets |
332.343 |
13.112 |
| Net Operating Profit Before Increase/(Decrease) in Assets
and Liabilities: |
7.050.129 |
11.079.365 |
| Increase/(Decrease) in Assets and Liabilities: |
|
|
| Net (Increase)/Decrease in Trade Receivables |
5.918.933 |
19.120.793 |
| Net (Increase)/Decrease in Receivables From Related Parties |
(4.088.353) |
(496.377) |
| Net (Increase)/Decrease in Inventories |
(5.732.526) |
(21.836.820) |
| Net (Increase)/Decrease in Other Current Assets |
(2.011.948) |
(3.102.823) |
| Net (Increase)/Decrease in Other Non-Current Assets |
(9.816) |
(3.965) |
| Net Increase/(Decrease) in Trade Payables |
(6.888.809) |
506.154 |
| Net Increase/(Decrease) in Payables to Related Parties |
16.125.959 |
7.872.742 |
| Net Increase/(Decrease) in Other Payables |
(1.384.549) |
(1.435.805) |
| Taxes Paid |
719.054 |
(4.111.032) |
| Termination Indemnities Paid |
- |
- |
| Net Cash Inflow Provided/(Used) From Operating Activities: |
9.698.074 |
7.592.232 |
| Investment Activities: |
|
|
| Disposal/(Acquisition) of Financial Assets ready to sale |
|
|
| Tangible Fixed Assets Acquisition |
(422.699) |
(477.519) |
| Intangible Fixed Assets Acquisition |
(23.984) |
0 |
| Increase in Other Non-Current Assets |
|
|
| Net Cash Used By Investing Activities: |
(446.683) |
(477.519) |
| Financial Activities: |
|
|
| Dividend Paid |
|
|
| Interest Paid |
|
|
| Interest Received |
|
|
| Net Increase/(Decrease) in Bank Loans |
(395.889) |
0 |
| Inflation Effects |
|
|
| Net Cash Provided From/(Used In) Financial Activities: |
(395.889) |
0 |
| Net Increase in Cash and Cash Equivalents |
8.855.502 |
7.114.713 |
| Cash and Cash Equivalents, Beginning of Period |
48.855.597 |
33.780.780 |
| Inflation Effect |
0 |
0 |
| Cash and Cash Equivalents, Beginning Of the Period |
57.711.100 |
40.895.493 |
