EREGLI DEMIR VE ÇELIK FABRIKALARI T.A.S. 02/02/2018-18:35:47
***EREGL*** EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş.( Financial Report )
Presentation Currency 1.000 TL
Nature of Financial Statements Consolidated
Footnote Reference Current Period 01.01.2017 - 31.12.2017 Previous Period 01.01.2016 - 31.12.2016
Profit or loss [abstract]
PROFIT (LOSS)
Revenue
22 18.643.914 11.636.504
Cost of sales
22 -13.480.960 -9.166.325
GROSS PROFIT (LOSS) FROM COMMERCIAL OPERATIONS
5.162.954 2.470.179
GROSS PROFIT (LOSS)
5.162.954 2.470.179
General Administrative Expenses
23 -322.163 -288.275
Marketing Expenses
23 -164.522 -141.215
Research and development expense
23 -13.113 -11.088
Other Income from Operating Activities
25 277.354 223.314
Other Expenses from Operating Activities
25 -110.079 -150.244
PROFIT (LOSS) FROM OPERATING ACTIVITIES
4.830.431 2.102.671
PROFIT (LOSS) BEFORE FINANCING INCOME (EXPENSE)
4.830.431 2.102.671
Finance income
26 286.868 356.562
Finance costs
27 -162.783 -187.805
PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX
4.954.516 2.271.428
Tax (Expense) Income, Continuing Operations
28 -1.056.974 -699.726
Current Period Tax (Expense) Income
-1.137.927 -530.673
Deferred Tax (Expense) Income
80.953 -169.053
PROFIT (LOSS) FROM CONTINUING OPERATIONS
3.897.542 1.571.702
PROFIT (LOSS)
3.897.542 1.571.702
Profit (loss), attributable to [abstract]
Non-controlling Interests
143.787 55.264
Owners of Parent
3.753.755 1.516.438
Earnings per share [abstract]
Earnings per share [line items]
Basic earnings per share
Basic Earnings (Loss) Per Share from Continuing Operations
Pay Başına Kazanç 29 1,07250000 0,43330000
Diluted Earnings Per Share
Presentation Currency 1.000 TL
Nature of Financial Statements Consolidated
Footnote Reference
Equity
Equity attributable to owners of parent [member] Non-controlling interests [member]
Issued Capital Inflation Adjustments on Capital Balancing Account for Merger Capital Additional Capital Contribution of Shareholders Capital Advance Treasury Shares Capital Adjustments due to Cross-Ownership Share premiums or discounts Effects of Combinations of Entities or Businesses Under Common Control Put Option Revaluation Fund Related with Non-controlling Interests Share Based Payments Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss Restricted Reserves Appropriated From Profits [member] Other equity interest [member] Other reserves [member] Advance Dividend Payments (Net) Retained Earnings
Accumulated Gains (Losses) from Investments in Equity Instruments Gains/Losses on Revaluation and Remeasurement [member] Gains (Losses) Due to Change in Fair Value of Financial Liability Attributable to Change in Credit Risk of Liability Gains (Losses) on Hedging Instruments that Hedge Investments in Equity Instruments Share Of Other Comprehensive İncome Of Associates And Joint Ventures Accounted for Using Equity Method that will not be Reclassified to Profit or Loss Exchange Differences on Translation Other Reserves Of Other Gains (Losses) Exchange Differences on Translation Reserve Of Gains or Losses on Hedge Gains (Losses) on Revaluation and Reclassification Change in Value of Time Value of Options Change in Value of Forward Elements of Forward Contracts Change in Value of Foreign Currency Basis Spreads Share of Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will be Reclassified to Profit or Loss Other Gains (Losses) Prior Years' Profits or Losses Net Profit or Loss
Increases (Decreases) on Revaluation of Property, Plant and Equipment Increases (Decreases) on Revaluation of Intangible Assets Gains (Losses) on Remeasurements of Defined Benefit Plans Other Revaluation Increases (Decreases) Cash Flow Hedges Gains or Losses on Hedges of Net Investment in Foreign Operations Other Gains or Losses on Hedge Gains (Losses) on Remeasuring and/or Reclassification of Available-for-sale Financial Assets Gains (Losses) from Financial Assets Measured at Fair Value through Other Comprehensive Income Reserve of Other Remeasuring or Reclassification Adjustments
Previous Period 01.01.2016 - 31.12.2016
Statement of changes in equity [abstract]
Statement of changes in equity [line items]
Equity at beginning of period
3.500.000 156.613 -116.232 106.447 27.215 -107.795 4.012.449 -2.192 950.831 2.527.180 1.125.913 12.180.429 357.763 12.538.192
Adjustments Related to Voluntary Changes in Accounting Policies
0
Transfers
21 215.366 910.547 -1.125.913
Total Comprehensive Income (Loss)
2.222 6.268 2.509.756 10.205 1.516.438 4.044.889 126.266 4.171.155
Profit (loss)
1.516.438 1.516.438 55.264 1.571.702
Other Comprehensive Income (Loss)
2.222 6.268 2.509.756 10.205 2.528.451 71.002 2.599.453
Dividends Paid
-1.017.649 -1.017.649 -31.665 -1.049.314
Equity at end of period
21 3.500.000 156.613 -116.232 106.447 29.437 -101.527 6.522.205 8.013 1.166.197 2.420.078 1.516.438 15.207.669 452.364 15.660.033
Current Period 01.01.2017 - 31.12.2017
Statement of changes in equity [abstract]
Statement of changes in equity [line items]
Equity at beginning of period
3.500.000 156.613 -116.232 106.447 29.437 -101.527 6.522.205 8.013 1.166.197 2.420.078 1.516.438 15.207.669 452.364 15.660.033
Adjustments Related to Accounting Policy Changes
0
Adjustments Related to Required Changes in Accounting Policies
0
Adjustments Related to Voluntary Changes in Accounting Policies
0
Adjustments Related to Errors
0
Other Restatements
0
Restated Balances
0
Transfers
21 401.083 1.115.355 -1.516.438 0
Total Comprehensive Income (Loss)
4.480 -9.720 1.143.271 -24.285 3.753.755 4.867.501 178.081 5.045.582
Profit (loss)
3.753.755 3.753.755 143.787 3.897.542
Other Comprehensive Income (Loss)
4.480 -9.720 1.143.271 -24.285 1.113.746 34.294 1.148.040
Issue of equity
0
Capital Decrease
0
Capital Advance
0
Effect of Merger or Liquidation or Division
0
Effects of Business Combinations Under Common Control
0
Advance Dividend Payments
0
Dividends Paid
-1.390.787 -1.390.787 -86.671 -1.477.458
Decrease through Other Distributions to Owners
0
Increase (Decrease) through Treasury Share Transactions
0
Increase (Decrease) through Share-Based Payment Transactions
0
Acquisition or Disposal of a Subsidiary
0
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity
0
Transactions with noncontrolling shareholders
0
Increase through Other Contributions by Owners
0
Amount Removed from Reserve of Cash Flow Hedges and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied
0
Amount Removed from Reserve of Change in Value of Time Value of Options and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied
0
Amount Removed from Reserve of Change in Value of Forward Elements of Forward Contracts and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied
0
Amount Removed from Reserve of Change in Value of Foreign Currency Basis Spreads and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which fair Value Hedge Accounting is Applied
0
Increase (decrease) through other changes, equity
0
Equity at end of period
21 3.500.000 156.613 -116.232 106.447 33.917 -111.247 7.665.476 -16.272 1.567.280 2.144.646 3.753.755 18.684.383 543.774 19.228.157
Presentation Currency 1.000 TL
Nature of Financial Statements Consolidated
Footnote Reference Current Period 01.01.2017 - 31.12.2017 Previous Period 01.01.2016 - 31.12.2016
Statement of cash flows (Indirect Method)
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
3.624.616 2.346.153
Profit (Loss)
3.897.542 1.571.702
Profit (Loss) from Continuing Operations
3.897.542 1.571.702
Adjustments to Reconcile Profit (Loss)
1.874.258 1.491.299
Adjustments for depreciation and amortisation expense
22/23 719.695 657.779
Adjustments for Impairment Loss (Reversal of Impairment Loss)
3.201 47.023
Adjustments for Impairement Loss (Reversal of Impairment Loss) of Receivables
8/9 -914 3.694
Adjustments for Impairment Loss (Reversal of Impairment Loss) of Inventories
10 4.115 4.271
Adjustments for Impairment Loss (Reversal of Impairment Loss) of Property, Plant and Equipment
13 0 39.058
Adjustments for provisions
135.198 86.362
Adjustments for (Reversal of) Provisions Related with Employee Benefits
16 111.209 105.018
Adjustments for (Reversal of) Lawsuit and/or Penalty Provisions
17 23.989 -18.656
Adjustments for Interest (Income) Expenses
-108.616 -19.802
Adjustments for Interest Income
26 -206.792 -123.634
Adjustments for interest expense
27 105.342 104.548
Unearned Financial Income from Credit Sales
-7.166 -716
Adjustments for unrealised foreign exchange losses (gains)
55.106 -19.951
Adjustments for fair value losses (gains)
5.025 37.228
Adjustments for Fair Value (Gains) Losses on Derivative Financial Instruments
27 5.025 37.228
Adjustments for Tax (Income) Expenses
28 1.056.974 699.726
Adjustments for losses (gains) on disposal of non-current assets
7.675 2.934
Adjustments for Losses (Gains) Arised From Sale of Tangible Assets
25 7.675 2.934
Changes in Working Capital
-1.253.977 -86.499
Adjustments for decrease (increase) in trade accounts receivable
-577.478 -36.076
Decrease (Increase) in Trade Accounts Receivables from Related Parties
-28.059 -11.747
Decrease (Increase) in Trade Accounts Receivables from Unrelated Parties
-549.419 -24.329
Adjustments for Decrease (Increase) in Other Receivables Related with Operations
-2.930 16.148
Decrease (Increase) in Other Unrelated Party Receivables Related with Operations
-2.930 16.148
Decrease (Increase) in Derivative Financial Assets
61.917 35.048
Adjustments for decrease (increase) in inventories
-813.242 -338.784
Decrease (Increase) in Prepaid Expenses
-9.103 43.044
Adjustments for increase (decrease) in trade accounts payable
27.715 210.409
Increase (Decrease) in Trade Accounts Payables to Related Parties
18.889 8.378
Increase (Decrease) in Trade Accounts Payables to Unrelated Parties
8.826 202.031
Adjustments for increase (decrease) in other operating payables
9.046 25.208
Increase (Decrease) in Other Operating Payables to Unrelated Parties
9.046 25.208
Increase (Decrease) in Derivative Financial Liabilities
-13.445 -57.505
Other Adjustments for Other Increase (Decrease) in Working Capital
63.543 16.009
Decrease (Increase) in Other Assets Related with Operations
-19.721 -174
Increase (Decrease) in Other Payables Related with Operations
83.264 16.183
Cash Flows from (used in) Operations
4.517.823 2.976.502
Payments Related with Provisions for Employee Benefits
16 -55.385 -36.701
Payments Related with Other Provisions
17 -42.232 -300.830
Income taxes refund (paid)
28 -795.590 -292.818
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
-754.952 -512.479
Cash Outflows Arising From Purchase of Shares or Capital Increase of Associates and/or Joint Ventures
-13.315 -29
Proceeds from sales of property, plant, equipment and intangible assets
7.148 7.427
Proceeds from sales of property, plant and equipment
13/14/25 7.148 7.427
Purchase of Property, Plant, Equipment and Intangible Assets
-758.633 -489.827
Purchase of property, plant and equipment
13 -749.232 -479.175
Purchase of intangible assets
14 -9.401 -10.652
Cash advances and loans made to other parties
9.848 -30.050
Other Cash Advances and Loans Made to Other Parties
9.848 -30.050
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
-855.527 -691.791
Proceeds from borrowings
3.608.910 2.984.835
Proceeds from Loans
3.608.910 2.984.835
Repayments of borrowings
-3.096.109 -2.654.378
Loan Repayments
-3.096.109 -2.654.378
Dividends Paid
-1.475.801 -1.048.544
Interest paid
-106.485 -97.344
Interest Received
213.958 123.640
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES
2.014.137 1.141.883
Effect of exchange rate changes on cash and cash equivalents
434.392 510.325
Net increase (decrease) in cash and cash equivalents
2.448.529 1.652.208
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD
4 4.586.911 2.934.703
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD
4 7.035.440 4.586.911
Presentation Currency 1.000 TL
Nature of Financial Statements Consolidated
Footnote Reference Current Period 01.01.2017 - 31.12.2017 Previous Period 01.01.2016 - 31.12.2016
Statement of Other Comprehensive Income
PROFIT (LOSS)
3.897.542 1.571.702
OTHER COMPREHENSIVE INCOME
Other Comprehensive Income that will not be Reclassified to Profit or Loss
-5.465 8.926
Gains (Losses) on Revaluation of Property, Plant and Equipment
4.480 2.521
Gains (Losses) on Remeasurements of Defined Benefit Plans
-12.618 8.006
Taxes Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss
2.673 -1.601
Taxes Relating to Remeasurements of Defined Benefit Plans
28 2.673 -1.601
Other Comprehensive Income That Will Be Reclassified to Profit or Loss
1.153.505 2.590.527
Exchange Differences on Translation
1.177.422 2.580.095
Other Comprehensive Income (Loss) Related with Cash Flow Hedges
-30.663 13.040
Taxes Relating to Components of Other Comprehensive Income that will be Reclassified to Profit or Loss
6.746 -2.608
Taxes Relating to Cash Flow Hedges
28 6.746 -2.608
OTHER COMPREHENSIVE INCOME (LOSS)
1.148.040 2.599.453
TOTAL COMPREHENSIVE INCOME (LOSS)
5.045.582 4.171.155
Total Comprehensive Income Attributable to
Non-controlling Interests
178.081 126.266
Owners of Parent
4.867.501 4.044.889
Presentation Currency 1.000 TL
Nature of Financial Statements Consolidated
Footnote Reference Current Period 31.12.2017 Previous Period 31.12.2016
Statement of Financial Position (Balance Sheet)
Assets [abstract]
CURRENT ASSETS
Cash and cash equivalents
4 7.035.440 4.586.911
Financial Investments
0 0
Financial Assets at Fair Value Through Profit or Loss
0 0
Financial Assets at Fair Value Through Other Comprehensive Income
0 0
Trade Receivables
8 2.582.106 2.016.901
Trade Receivables Due From Related Parties
30 82.936 54.877
Trade Receivables Due From Unrelated Parties
8 2.499.170 1.962.024
Other Receivables
9 2.000 1.883
Other Receivables Due From Unrelated Parties
2.000 1.883
Derivative Financial Assets
6 3.452 64.310
Inventories
10 5.039.509 4.255.047
Prepayments
11 52.982 42.513
Prepayments to Unrelated Parties
52.982 42.513
Other current assets
19 126.236 95.659
Other Current Assets Due From Unrelated Parties
126.236 95.659
SUB-TOTAL
14.841.725 11.063.224
Total current assets
14.841.725 11.063.224
NON-CURRENT ASSETS
Financial Investments
5 13.437 122
Other Receivables
9 13.643 13.787
Other Receivables Due From Unrelated Parties
13.643 13.787
Derivative Financial Assets
6 4.896 5.955
Investment property
12 101.695 94.882
Property, plant and equipment
13 13.071.862 12.151.972
Intangible assets and goodwill
14 211.311 205.479
Prepayments
11 59.543 70.757
Prepayments to Unrelated Parties
59.543 70.757
Deferred Tax Asset
28 57.743 34.243
Other Non-current Assets
19 0 10.856
Other Non-Current Assets Due From Unrelated Parties
0 10.856
Total non-current assets
13.534.130 12.588.053
Total assets
28.375.855 23.651.277
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Current Borrowings
7 2.243.529 1.257.986
Current Portion of Non-current Borrowings
7 882.211 1.043.968
Trade Payables
8 942.791 915.076
Trade Payables to Related Parties
30 53.897 35.008
Trade Payables to Unrelated Parties
8 888.894 880.068
Employee Benefit Obligations
16 177.938 168.724
Other Payables
9 41.958 42.126
Other Payables to Unrelated Parties
41.958 42.126
Derivative Financial Liabilities
6 41.734 19.137
Deferred Income
20 150.280 106.353
Current tax liabilities, current
28 797.961 455.624
Current provisions
17 134.414 145.586
Other Current Liabilities
19 111.528 72.140
Other Current Liabilities to Unrelated Parties
111.528 72.140
SUB-TOTAL
5.524.344 4.226.720
Total current liabilities
5.524.344 4.226.720
NON-CURRENT LIABILITIES
Long Term Borrowings
7 1.364.688 1.617.534
Derivative Financial Liabilities
6 1.707 2.060
Non-current provisions
636.813 567.419
Non-current provisions for employee benefits
16 636.813 567.419
Deferred Tax Liabilities
28 1.619.718 1.577.032
Other non-current liabilities
19 428 479
Other Non-current Liabilities to Unrelated Parties
428 479
Total non-current liabilities
3.623.354 3.764.524
Total liabilities
9.147.698 7.991.244
EQUITY
Equity attributable to owners of parent
18.684.383 15.207.669
Issued capital
21 3.500.000 3.500.000
Inflation Adjustments on Capital
21 156.613 156.613
Capital Adjustments due to Cross-Ownership (-)
21 -116.232 -116.232
Share Premium (Discount)
21 106.447 106.447
Other Accumulated Comprehensive Income (Loss) that will not be Reclassified in Profit or Loss
-77.330 -72.090
Gains (Losses) on Revaluation and Remeasurement
-77.330 -72.090
Increases (Decreases) on Revaluation of Property, Plant and Equipment
33.917 29.437
Gains (Losses) on Remeasurements of Defined Benefit Plans
-111.247 -101.527
Other Accumulated Comprehensive Income (Loss) that will be Reclassified in Profit or Loss
7.649.204 6.530.218
Exchange Differences on Translation
7.665.476 6.522.205
Gains (Losses) on Hedge
-16.272 8.013
Gains (Losses) on Cash Flow Hedges
-16.272 8.013
Restricted Reserves Appropriated From Profits
21 1.567.280 1.166.197
Prior Years' Profits or Losses
21 2.144.646 2.420.078
Current Period Net Profit Or Loss
3.753.755 1.516.438
Non-controlling interests
543.774 452.364
Total equity
19.228.157 15.660.033
Total Liabilities and Equity
28.375.855 23.651.277
www.kap.org.tr/en/Bildirim/657886
BIST
Eregli Demir ve Çelik Fabrikalari TAS published this content on 02 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 February 2018 15:49:04 UTC.
Original documenthttps://webservice.foreks.com/foreks-web-widget/news/view/newsContent/get/5a748553000000017bf2d199?lang=en&theme=erdemir
Public permalinkhttp://www.publicnow.com/view/904BC74E858A2DB887CD536BF6A01A159BF0D58A
