Financial Position A&T Finansal Kiralama A.Ş. Annual Report 2024 66 67 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) A&T FİNANSAL KİRALAMA A.Ş. A&T FİNANSAL KİRALAMA A.Ş. STATEMENT OF PROFIT DISTRIBUTION FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) A&T FİNANSAL KİRALAMA A.Ş. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) Notes Audited 1 January – 31 December 2024 Audited 1 January – 31 December 2023 A. CASH FLOWS FROM OPERATING ACTIVITIES 1.1 Operating profit before changes in operating assets and liabilities 174,350,468 (25,997,230) 1.1.1 Interest/Leasing income received 222,773,351 125,593,471 1.1.2 Interest/Leasing expenses (117,606,501) (67,970,474) 1.1.3 Leasing Expense -- -- 1.1.4 Dividends received -- -- 1.1.5 Fees and commissions received 9,314,379 4,602,491 1.1.6 Other income 7,227,316 12,265,528 1.1.7 Collections from previously written off receivables 4 -- 1,783,449 1.1.8 Payments to personnel and service suppliers (52,781,755) (59,146,330) 1.1.9 Taxes paid 15 (8,184,166) (1,883,336) 1.1.10 Other 113,607,844 (41,242,029) 1.2 Changes in operating assets and liabilities (236,388,686) 30,600,892 1.2.1 Net (increase) decrease in factoring receivables -- -- 1.2.2 Net (increase) decrease in financial loans -- -- 1.2.3 Net (increase) decrease in receivables from leasing transactions (209,659,451) (439,425,759) 1.2.4 Net (increase) decrease in savings finance receivables -- -- 1.2.5 Net (increase) decrease in other assets (3,099,950) (20,210,800) 1.2.6 Net increase (decrease) in factoring payables -- -- 1.2.7 Net increase (decrease) in savings fund -- -- 1.2.8 Net (increase) decrease in payables from leasing transactions -- -- 1.2.9 Net increase (decrease) in funds borrowed 32,057,830 519,712,399 1.2.10 Net increase (decrease) in due payables -- -- 1.2.11 Net increase (decrease) in other liabilities (55,687,115) 38,668,510 I. Net cash provided from operating activities (62,038,218) 72,747,120 B. CASH FLOWS FROM INVESTING ACTIVITIES 2.1 Cash paid for purchase of joint ventures, associates and subsidiaries -- -- 2.2 Cash obtained from sale of joint ventures, associates and subsidiaries -- -- 2.3 Fixed assets purchases 5,6 (1,287,138) (3,476,876) 2.4 Fixed assets sales 8,867 (369,653) 2.5 Cash paid for purchase of financial assets available for sale -- -- 2.6 Cash obtained from sale of financial assets available for sale -- -- 2.7 Cash paid for purchase of financial assets held to maturity -- -- 2.8 Cash obtained from sale of financial assets held to maturity -- -- 2.9 Other (1,179,339) 4,523,992 II. Net cash provided from investing activities (2,457,610) 677,463 C. CASH FLOWS FROM FINANCING ACTIVITIES -- -- -- 3.1 Cash obtained from funds borrowed and securities issued 1,276,501,476 287,729,341 3.2 Cash used for repayment of funds borrowed and securities issued (1,248,004,224) (219,585,883) 3.3 Capital increase -- -- 3.4 Dividends paid -- -- 3.5 Payments for finance leases -- -- 3.6 Other -- -- III. Net cash provided from financing activities 28,497,252 68,143,458 IV. Effect of change in foreign exchange rate on cash and cash equivalents 12,278,530 18,032,989 V. Net increase/decrease in cash and cash equivalents (23,720,046) 91,457,572 VI. Cash and cash equivalents at the beginning of the period 3 181,635,719 90,178,147 VII. Cash and cash equivalents at the end of the period 3 157,915,674 181,635,719 A&T FİNANSAL KİRALAMA A.Ş. STATEMENT OF PROFIT DISTRIBUTION FOR THE YEAR ENDED 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) Notes Audited (*) 1 January – 31 December 2024 Audited (**) 1 January – 31 December 2023 I. DISTRIBUTION OF CURRENT YEAR PROFIT (*) 1.1 CURRENT PERIOD PROFIT 30,087,546 12,145,030 1.2 TAXES AND LEGAL DUTIES PAYABLE (-) 15 (5,723,162) 7,346,512 1.2.1 Corporate tax (income tax) (11,594,873) (2,943,425) 1.2.2 Withholding tax -- -- 1.2.3 Other taxes and duties 5,871,711 10,289,937 A. NET PROFIT FOR THE PERIOD (1.1-1.2) 24,364,384 19,491,542 -- -- 1.3 ACCUMULATED LOSSES (-) -- -- 1.4 FIRST LEGAL RESERVES (-) -- 974,577 1.5 OTHER STATUTORY RESERVES (-) -- -- -- -- B. NET PROFIT AVAILABLE FOR DISTRIBUTION [(A-(1.3+1.4+1.5)] 24,364,384 18,516,965 -- -- 1.6 FIRST DIVIDEND TO SHAREHOLDERS (-) -- -- 1.6.1 To owners of ordinary shares -- -- 1.6.2 To owners of privileged shares -- -- 1.6.3 To owners of redeemed shares -- -- 1.6.4 To profit sharing bonds -- -- 1.6.5 To holders of profit and loss sharing certificates -- -- 1.7 DIVIDENDS TO PERSONNEL (-) -- -- 1.8 DIVIDENDS TO BOARD OF DIRECTORS (-) -- -- 1.9 SECOND DIVIDEND TO SHAREHOLDERS (-) -- -- 1.9.1 To owners of ordinary shares -- -- 1.9.2 To owners of privileged shares -- -- 1.9.3 To owners of redeemed shares -- -- 1.9.4 To profit sharing bonds -- -- 1.9.5 To holders of profit and loss sharing certificates -- -- 1.10 SECOND LEGAL RESERVES (-) -- -- 1.11 STATUS RESERVES (-) -- -- 1.12 EXTRAORDINARY RESERVES -- -- 1.13 OTHER RESERVES -- -- 1.14 SPECIAL FUNDS -- -- -- II. DISTRIBUTION OF RESERVES -- -- -- 2.1 APPROPRIATED RESERVES -- -- 2.2 SECOND LEGAL RESERVES (-) -- -- 2.3 DIVIDENDS TO SHAREHOLDERS (-) -- -- 2.3.1 To owners of ordinary shares -- -- 2.3.2 To owners of privileged shares -- -- 2.3.3 To owners of redeemed shares -- -- 2.3.4 To profit sharing bonds -- -- 2.3.5 To holders of profit and loss sharing certificates -- -- 2.4 DIVIDENDS TO PERSONNEL (-) -- -- 2.5 DIVIDENDS TO BOARD OF DIRECTORS (-) -- -- -- -- III. EARNINGS PER SHARE (per TL'000 face value each) -- -- -- -- 3.1 TO OWNERS OF ORDINARY SHARES 0.1509 0.1270 3.2 TO OWNERS OF ORDINARY SHARES (%) 15.09 12.70 3.3 TO OWNERS OF PRIVILEGED SHARES -- -- 3.4 TO OWNERS OF PRIVILEGED SHARES (%) -- -- -- -- IV. DIVIDEND PER SHARE -- -- -- -- 4.1 TO OWNERS OF ORDINARY SHARES -- -- 4.2 TO OWNERS OF ORDINARY SHARES (%) -- -- 4.3 TO OWNERS OF PRIVILEGED SHARES -- -- 4.4 TO OWNERS OF PRIVILEGED SHARES (%) -- -- (*) The General Assembly Meeting has not been made for Operation results of 2024. (**) Restated after the General Assembly Meeting on 19 March 2024. 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 1,2 8,409,715 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 1,074,442,279 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 Cost -- -- -- -- -- -- 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 (Net) -- -- -- -- -- -- 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. 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 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 1,074,442,279 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 Cost -- -- -- -- -- -- 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 (Net) -- -- -- -- -- -- 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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