Financial Position A&T Finansal Kiralama A.Ş. Annual Report 2024 62 63 A&T FİNANSAL KİRALAMA A.Ş. A&T FİNANSAL KİRALAMA A.Ş. STATEMENTOF PROFITOR LOSS FOR THE YEAR ENDED31 DECEMBER 2024 STATEMENT OF OFF-BALANCE SHEET ITEMS AS AT 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) A&T FİNANSAL KİRALAMA A.Ş. STATEMENT OF OFF-BALANCE SHEET ITEMS AS AT 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) OFF-BALANCE SHEET ITEMS Audited 31 December 2024 Audited 31 December 2023 No tes TL FC TOTAL TL FC TOTAL I. IRREVOCABLE FACTORING OPERATIONS -- -- -- -- -- -- II. REVOCABLE FACTORING OPERATIONS -- -- -- -- -- -- III. SAVINGS FINANCE CONTRACTS TRANSACTIONS -- -- -- -- -- -- IV. GUARANTEES TAKEN 2,050,603,371 15,406,662,454 17,457,265,825 1,314,964,519 7,664,321,610 8,979,286,129 V. GUARANTEES GIVEN 10 30,000 -- 30,000 303,518 - 303,518 VI. COMMITMENTS 10 7,599,941 224,354,294 231,954,235 9,422,094 265,987,696 275,409,790 6.1 Irrevocable Commitments -- 5,747,633 5,747,633 -- 56,314,471 56,314,471 6.2 Revocable Commitments 7,599,941 218,606,661 226,206,602 9,422,094 209,673,225 219,095,319 6.2.1 Lease Commitments 7,599,941 218,606,661 226,206,602 9,422,094 209,673,225 219,095,319 6.2.1.1 Finance Lease Commitments 7,599,941 218,606,661 226,206,602 9,422,094 209,673,225 219,095,319 6.2.1.2 Operational Lease Commitments -- -- -- -- -- -- 6.2.2 Other Revocable Commitments -- -- -- -- -- -- VII. DERIVATIVE FINANCIAL INSTRUMENTS -- -- -- -- -- -- 7.1 Derivative Financial Instruments for Hedging Purposes -- -- -- -- -- -- 7.1.1 Fair Value Hedges -- -- -- -- -- -- 7.1.2 Cash Flow Hedges -- -- -- -- -- -- 7.1.3 Net Investment Hedges -- -- -- -- -- -- 7.2 Derivative Financial Instruments Held For Trading -- -- -- -- -- -- 7.2.1 Forward Buy/Sell Transactions -- -- -- -- -- -- 7.2.2 Swap Buy/Sell Transactions -- -- -- -- -- -- 7.2.3 Options Buy/Sell Transactions -- -- -- -- -- -- 7.2.4 Futures Buy/Sell Transactions -- -- -- -- -- -- 7.2.5 Other -- -- -- -- -- -- VIII. ITEMS HELD IN CUSTODY -- -- -- -- -- -- TOTAL OFF BALANCE SHEET ITEMS 2,058,233,312 15,631,016,748 17,689,250,060 1,324,690,131 7,930,309,306 9,254,999,437 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) A&T FİNANSAL KİRALAMA A.Ş. STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) 4 INCOME STATEMENT Notes Audited 1 January – 31 December 2024 Audited 1 January – 31 December 2023 I. OPERATING INCOME 199,631,557 120,508,629 FACTORING INCOME -- -- 1.1 Interest Income on Factoring Receivables -- -- 1.1.1 Discounted -- -- 1.1.2 Other -- -- 1.2 Fees and Commissions Income from Factoring Operations -- -- 1.2.1 Discounted -- -- 1.2.2 Other -- -- FINANCING LOANS INCOME -- -- 1.3 Interest income From Financing Credits -- -- 1.4 Fees and Commissions From Financing Credits -- -- FINANCE LEASE INCOME 13 199,631,557 120,508,629 1.5 Finance Lease Income 190,173,258 115,906,138 1.6 Operating Lease Income -- -- 1.7 Fees and Commissions Received from the Leasing Transactions 9,458,299 4,602,491 SAVINGS FINANCE INCOME -- -- 1.8 Dividends from Savings Finance Receivables -- -- 1.9 Fees and Commissions Taken From Savings Finance Operations -- -- II. FINANCIAL EXPENSES (-) 118,573,593 61,100,374 2.1 Dividends to Savings Fund -- -- 2.2 Interest Expense From Funds Borrowed 116,780,329 60,829,836 2.3 Interest Expense From Factoring Payables -- -- 2.4 Interest Expense of Finance Lease Expenses -- -- 2.5 Interest Expense From Securities Issued -- -- 2.6 Other Interest Expenses -- -- 2.7 Fees and Commissions Paid 1,793,264 270,538 III. GROSS PROFIT / LOSS (I+II) 81,057,964 59,408,255 IV. OPERATING EXPENSES (-) 14 93,687,104 71,839,043 4.1 Personnel Expenses 54,346,087 47,421,366 4.2 Provision for Employment Termination Benefits 487,794 988,516 4.3 Research and Development Expenses -- -- 4.4 General Administrative Expenses 14 24,178,183 18,637,991 4.5 Other 14,675,040 4,791,170 V. GROSS OPERATING PROFIT / LOSS (III+IV) (12,629,140) (12,430,788) VI. OTHER OPERATING INCOME 15 375,593,408 656,375,895 6.1 Interest Income From Bank Deposits 35,401,408 10,002,680 6.2 Interest Income From Securities Portfolio -- -- 6.3 Dividend Income -- -- 6.4 Trading Account Income -- -- 6.5 Income From Derivative Financial Instruments -- -- 6.6 Foreign Exchange Gains 334,726,624 634,045,663 6.7 Other 5,465,376 12,327,552 VII. PROVISION EXPENSES 4,309,747 4,594,201 7.1 Specific Provisions -- -- 7.2 Allowances for Expected Credit Loss 4,309,747 4,594,201 7.3 General Provisions -- -- 7.4 Other -- -- VIII. OTHER OPERATING EXPENSES (-) 15 328,566,974 627,205,876 8.1 Impairment Losses From Securities Portfolio -- -- 8.2 Impairment Losses From Non-Current Assets -- -- 8.3 Trading Account Loss -- -- 8.4 Loss From Derivative Financial Instruments 462,786 -- 8.5 Foreign Exchange Loss 328,103,637 627,143,852 8.6 Other 552 62,024 IX. NET OPERATING PROFIT / LOSS 30,087,546 12,145,030 X. INCOME RESULTED FROM MERGER -- -- XI. PROFIT / LOSS FROM PARTNERSHIPS VALUED BY EQUITY METHOD -- -- XII. GAIN/LOSS ON NET MONETARY POSITION -- -- XIII. PROFIT FROM CONTINUING OPERATIONS BEFORE TAX (IX+X+XI+XII) 30,087,546 12,145,030 XIV. INCOME TAX EXPENSE FROM CONTINUING OPERATIONS (±) 16 (5,723,162) 7,346,512 14.1 Current Tax Charge 16 (11,594,873) (2,943,425) 14.2 Deferred Tax Charge -- -- 14.3 Deferred Tax Benefit 5,871,711 10,289,937 XV. NET PROFIT FROM CONTINUING OPERATIONS (XIII±XIV) 24,364,384 19,491,542 XVI. INCOME FROM DISCONTINUED OPERATIONS -- -- 16.1 Income from Assets Held for Sale -- -- 16.2 Gain on Sale of Subsidiaries, Associates and Jointly Controlled Entities -- -- 16.3 Other Income from DisContinued Operations -- -- XVII. EXPENSES FROM DISCONTINUED OPERATIONS (-) -- -- 17.1 Expense on Assets Held for Sale -- -- 17.2 Loss on Sale of Subsidiaries, Associates and Jointly Controlled Entities -- -- 17.3 Other Expenses from DisContinued Operations -- -- XVIII PROFIT FROM DISCONTINUED OPERATIONS BEFORE TAX (XVI-XVII) -- -- XIX. INCOME TAX EXPENSE FROM DISCONTINUED OPERATIONS (±) -- -- 19.1 Current Tax Charge -- -- 19.2 Deferred Tax Charge (+) -- -- 19.3 Deferred Tax Benefit (-) -- -- XX. NET PROFIT FROM DISCONTINUED OPERATIONS (XVIII±XIX) -- -- XXI. NET PROFIT FOR THE PERIOD (XII+XVII) 24,364,384 19,491,542 The accompanying notes form an integral part of these financial statements. STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS AT 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) 1 ASSETS Notes Audited 31 December 2024 Audited 31 December 2023 TL FC TOTAL TL FC TOTAL I. CASH, CASH EQUIVALENTS and CENTRAL BANK 3 79,960,089 78,116,688 158,076,777 24,156,182 158,106,526 182,262,708 II. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS (net) -- -- -- -- -- -- III. DERIVATIVE FINANCIAL ASSETS -- -- -- -- -- -- IV. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (net) -- -- -- V. FINANCIAL ASSETS AT AMOR Z D COST (Net) 4 136,687,022 1,296,321,986 1,433,009,008 149,094,639 1,069,315,076 1,218,409,715 5.1 Factoring Receivables -- -- -- -- -- -- 5.1.1 Discounted Factoring Receivables (Net) -- -- -- -- -- -- 5.1.2 Other Factoring Receivables -- -- -- -- -- -- 5.2 Savings Finance Receivables -- -- -- -- -- -- 5.2.1 Saving Fund -- -- -- -- -- -- 5.2.2 Equity -- -- -- -- -- -- 5.3 Financing Loans -- -- -- -- -- -- 5.3.1 Consumer Loans -- -- -- -- -- -- 5.3.2 Credit Cards -- -- -- -- -- -- 5.3.3 Installment Commercial Loans -- -- -- 5.4 Leasing (Net) 4 136,924,979 1,300,877,091 1,437,802,070 149,394,798 1,074,4 2,279 1,223,837,077 5.4.1 Receivables From Finance Lease 191,898,631 1,443,335,519 1,635,234,150 203,499,799 1, 00,261,041 1,403,760,840 5.4.2 Receivables From Operating Lease -- -- -- -- -- -- 5.4.3 Unearned Income (-) (54,973,652) (142,458,428) (197,432,080) (54,105,001) (125,818,762) (179,923,763) 5.5 Other Financial Assets At Amort zed Cost -- -- -- -- -- -- 5.6 Non Performing Receivables 4 296,285 552,500 848,785 489,912 48,438 538,350 5.7 Allowances for Exp cted Credit Loss (-) 4 (534,242) (5,107,605) 5,641,847) (790,071) (5,175,641) (5,965,712) VI. SHAREHOLDING (Partnership) INVESTMENTS -- -- -- -- -- -- 6.1 Investments In Associates (Net) -- -- -- -- -- -- 6.2 Investments In Subsidiaries (Net -- -- -- -- -- -- 6.3 Investments In Joint Ventures (Net) -- -- -- VII. TANGIBLE ASSET (NET) 5 69,100,092 -- 69,100,092 53,964,240 -- 53,964,240 VIII. INTANGIBLE ASSET (NET) 6 4,945,010 -- 4,945,010 4,906,751 -- 4,906,751 IX. INVESTMENT PROPERTY (NET) -- -- -- -- -- -- X. CURRENT PERIOD TAX ASSETS -- -- -- -- -- -- XI. DEFERRED TAX ASSETS 16 2,295,782 -- 2,295,782 539,447 - 539,447 XII. OTHER ASSETS 7 5,039,814 43,838,457 48,878,271 2,815,382 25,520,354 28,335,736 SUBTOTAL 298,027,809 1,418,277,131 1,716,304,940 235,476,641 1,252,941,956 1,488,418,597 XIII. ASSETS HELD FOR SALE AND DISCONTINIUED OPERATIONS (Net) -- -- -- -- -- -- 13.1 Assets Held For Sale -- -- -- -- -- -- 13.2 Assets Held For DisContinued Operations -- -- -- -- -- -- TOTAL ASSETS 298,027,809 1,418,277,131 1,716,304,940 235,476,641 1,252,941,956 1,488,418,597 The accompanying notes form an integral part of these financial statements. STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AS AT 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) 1 ASSETS Notes Audited 31 December 2024 Audited 31 December 2023 TL FC TOTAL TL FC TOTAL I. CASH, CASH EQUIVALENTS and CENTRAL BANK 3 79,960,089 78,116,688 158,076,777 24,156,182 158,106,526 182,262,708 II. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS (net) -- -- -- -- -- -- III. DERIVATIVE FINANCIAL ASSETS -- -- -- -- -- -- IV. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (net) -- -- -- V. FINANCIAL ASSETS AT AMORTIZED COST (Net) 4 136,687,022 1,296,321,986 1,433,009,008 149,094,639 1,069,315,076 1,218,409,715 5.1 Factoring Receivables -- -- -- -- -- -- 5.1.1 Discounted Factoring Receivables (Net) -- -- -- -- -- -- 5.1.2 Other Factoring Receivable -- -- -- -- -- -- 5.2 Savings Finance Receivables -- -- -- -- -- -- 5.2.1 Saving Fund -- -- -- -- -- -- 5.2.2 Equity -- -- -- -- -- -- 5.3 Financing Loans -- -- -- -- -- -- 5.3.1 Consumer Loans -- -- -- -- -- -- 5.3.2 Credit Cards -- -- -- -- -- -- 5.3.3 Installment Commercial Loans -- -- -- 5.4 Leasing (Net) 4 136,924,979 1,300,877,091 1,437,802,070 149,394,798 1,074,442,279 1,223,837,077 5.4.1 Receivables From Finance Lease 191,898,631 1,443,335,519 1,635,234,150 203,499,799 1,200,261,041 1,403,760,840 5.4.2 Receivables From Operating Lease -- -- -- -- -- -- 5.4.3 Unearned Income (-) (54,973,652) (142,458,428) (197,432,080) (54,105,001) (125,818,762) (179,923,763) 5.5 Other Financial Assets At Amortized C st -- -- -- -- -- -- 5.6 Non Performing Receivables 4 296,285 552,500 848,785 489,912 48,438 538,350 5.7 Allowances for Expected Credit Loss (-) 4 (534,242) (5,107,605) 5,641,847) (790,071) (5,175,641) (5,965,712) VI. SHAREHOLDING (Partnership) INVESTMENTS -- -- -- -- -- -- 6.1 Investments In Associates (N t) -- -- -- -- -- -- 6.2 Investments In Subsidiaries (Net -- -- -- -- -- -- 6.3 Investments In Joint Ventures (Net) -- -- -- VII. TANGIBLE ASSETS (NET) 5 69,100,092 -- 69,100,092 53,964,240 -- 53,964,240 VIII. INTANGIBLE ASSETS (NET) 6 4,945,010 -- 4,945,010 4,906,751 -- 4,906,751 IX. INVESTMENT PROPERTY (NET) -- -- -- -- -- -- X. CURRENT PERIOD TAX ASSETS -- -- -- -- -- -- XI. DEFERRED TAX ASSETS 16 2,295,782 -- 2,295,782 539,447 - 539,447 XII. OTHER ASSETS 7 5,039,814 43,838,457 48,878,271 2,815,382 25,520,354 28,335,736 SUBTOTAL 298,027,809 1,418,277,131 1,716,304,940 235,476,641 1,252,941,956 1,488,418,597 XIII. ASSETS HELD FOR SALE AND DISCONTINIUED OPERATIONS (Net) -- -- -- -- -- -- 13.1 Assets Held For Sale -- -- -- -- -- -- 13.2 Assets Held For DisContinued Operations -- -- -- -- -- -- TOTAL ASSETS 298,027,809 1,418,277,131 1,716,304,940 235,476,641 1,252,941,956 1,488,418,597 The accompanying notes form an integral part of these financial statements.
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