CONVENIENCE TRANSLATION INTO ENGLISH OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2022
(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated.)
(Reviewed) | (Audited) | ||
Note | Current Period | Prior Period | |
references | 30 June 2022 | 31 December 2021 | |
ASSETS | |||
Current Assets | |||
Cash and cash equivalents | 13,818,801 | 2,490,122 | |
Financial investments | 89,831 | 89,831 | |
Trade receivables | |||
-Trade receivables from related parties | 19 | 77,237,581 | 75,639,500 |
-Trade receivables from non-related parties | 5 | 62,968,101 | 56,288,894 |
Other receivables | |||
-Other receivables from related parties | 19 | 86,859,629 | 46,734,640 |
-Other receivables from non-related parties | 4,958,451 | 2,868,599 | |
Inventories | 35,162,708 | 27,323,938 | |
Prepaid expenses | 9,839,954 | 8,322,561 | |
Other current assets | 3,861,071 | 2,216,070 | |
Total Current Asset | 294,796,127 | 221,974,155 | |
Non-current Assets | |||
Financial investments | 313,923 | 313,923 | |
Other receivables | |||
-Other receivables from non-related parties | 11,513,967 | 9,652,922 | |
Investment properties | 6 | 289,301,555 | 289,301,555 |
Tangible assets | 7 | 785,072,222 | 790,156,270 |
Intangible assets | |||
-Other intangible assets | 8 | 14,286,584 | 13,602,754 |
Prepaid expenses | 7,271,399 | 2,531,489 | |
Deferred tax asset | 17 | 1,895,015 | 2,396,928 |
Other non-current assets | 172,450 | 182,386 | |
Total Non-current Assets | 1,109,827,115 | 1,108,138,227 | |
Total Assets | 1,404,623,242 | 1,330,112,382 | |
The accompanying notes form an integral part of these condensed consolidated interim financial statements.
1
CONVENIENCE TRANSLATION INTO ENGLISH OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2022
(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated.)
(Reviewed) | (Audited) | ||
Note | Current Period | Prior Period | |
references | 30 June 2022 | 31 December 2021 | |
LIABILITIES | |||
Current Liabilities | |||
Short-term lease liability | |||
-Lease payables to related parties | 4 | - | 2,334,751 |
-Lease payables to non-related parties | 4 | 3,381,231 | 8,250,956 |
Trade payables | |||
-Trade payables to related parties | 19 | 5,388,547 | 24,500,067 |
-Trade payables to non-related parties | 5 | 102,876,940 | 76,320,402 |
Employee benefit payables | 22,731,688 | 14,232,719 | |
Other payables | |||
-Payables to related parties | 19 | 118,479,849 | - |
-Other payables to non-related parties | 68,125,653 | 44,321,510 | |
Deferred income | 6,571,664 | 7,556,409 | |
Current income tax liabilities | 17 | - | 517,434 |
Short-term provisions | |||
-Short-term provisions for employment | 9 | 54,223,714 | 43,561,603 |
benefits | |||
-Othershort-term provisions | 9 | 17,862,260 | 18,481,397 |
Other short-term liabilities | 74,128,207 | 43,699,606 | |
Total Current Liabilities | 473,769,753 | 283,776,854 | |
Non-current liabilities | |||
Long-term lease liabilities | |||
-Lease payables to related parties | 4 | - | 11,589,120 |
-Lease payables to non-related parties | 4 | 18,785,812 | 25,621,868 |
Deferred income | 453,694 | 1,344,059 | |
Long-term provisions | |||
-Long-term provisions for employment | 11 | 62,747,955 | 58,177,148 |
benefits | |||
Deferred tax liability | 17 | 63,666,413 | 60,890,640 |
Other long-term liabilities | 3,602,287 | 5,051,679 | |
Total Non-Current Liabilities | 149,256,161 | 162,674,514 | |
Total Liabilities | 623,025,914 | 446,451,368 | |
The accompanying notes form an integral part of these condensed consolidated interim financial statements.
2
CONVENIENCE TRANSLATION INTO ENGLISH OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2022
(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated.)
(Reviewed) | (Audited) | |
Note | Current Period | Prior Period |
references | 30 June 2022 | 31 December 2021 |
EQUITY | ||
Total Equity | 781,597,328 | 883,661,014 |
Equity attributable to | 784,827,575 | 887,685,118 |
Equity holders of the parent company | ||
Share capital
Inflation adjustment to share capital Share premiums (discounts)
Other comprehensive income and expenses that will not be reclassified subsequently to profit or loss
- Gain (loss) on revaluation of property
- Gain (loss) on remeasurement of
defined benefit plans
Other comprehensive income and expenses that may be reclassified subsequently to profit or loss
-
Currency translation differences Restricted reserves
Retained earnings/Accumulated deficit Net profit (loss) for the period
12 | 592,000,000 | 592,000,000 |
12 | 77,198,813 | 77,198,813 |
76,944 | 76,944 |
12 | 543,697,494 | 543,697,494 |
12 | (25,908,521) | (25,908,521) |
12 | 99,595,439 | 76,135,841 |
12 | 117,176,268 | 117,176,268 |
(492,691,721) | (547,909,813) | |
(126,317,141) | 55,218,092 |
Non-controlling interests | (3,230,247) | (4,024,104) |
Total Liabilities and Equity | 1,404,623,242 | 1,330,112,382 |
These condensed consolidated interim financial statements as at and for the period ended 30 June 2022 were approved by the Board of Directors on 18 August 2022.
The accompanying notes form an integral part of these condensed consolidated interim financial statements,
3
CONVENIENCE TRANSLATION INTO ENGLISH OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE INTERIM PERIOD 1 JANUARY- 30 JUNE 2022
(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated.)
(Reviewed) | (Not Reviewed) | (Reviewed) | (Not Reviewed) | ||
Current Period | Current Period | Prior Period | Prior Period | ||
Note | 1 January - | 1 April - | 1 January - | 1 April - | |
Ref. | 30 June 2022 | 30 June 2022 | 30 June 2021 | 30 June 2021 | |
Sales | 13 | 229,997,234 | 121,978,902 | 153,642,810 | 74,273,972 |
Cost of sales (-) | 13 | (254,099,133) | (135,708,971) | (158,357,457) | (83,136,383) |
Gross profit (loss) | (24,101,899) | (13,730,069) | (4,714,647) | (8,862,411) | |
General administrative expenses (-) | (47,863,601) | (16,031,004) | (44,253,637) | (21,720,127) | |
Marketing expenses (-) | (38,407,638) | (24,155,046) | (34,718,172) | (19,289,950) | |
Other operating income | 29,921,162 | 18,559,152 | 52,475,532 | 21,147,045 | |
Other operating expenses (-) | (25,035,778) | (20,147,440) | (18,962,094) | (11,098,466) | |
Operating profit (loss) | (105,487,754) | (55,504,407) | (50,173,018) | (39,823,909) | |
Income from investing activities | 14 | 2,426,851 | 1,038,921 | 3,464,820 | 2,114,486 |
Expenses from investing activities (-) | 15 | (1,411,453) | (732,763) | (71,755) | - |
Operating profit (loss) before finance income | (104,472,356) | (55,198,249) | (46,779,953) | (37,709,423) | |
(expense) | |||||
Finance expenses (-) | 16 | (14,438,278) | (5,021,041) | (3,274,422) | (1,268,927) |
Profit (loss) before tax from continuing | (118,910,634) | (60,219,290) | (50,054,375) | (38,978,350) | |
operations | |||||
Tax income (expense) of continuing operations | 314,051 | (2,036,727) | 797,117 | (373,175) | |
Current tax income (expense) | 17 | - | 472,118 | (194,593) | (102,834) |
Deferred tax income (expense) | 17 | 314,051 | (2,508,845) | 991,710 | (270,341) |
Profit (loss) for the period from continuing | (118,596,583) | (62,256,017) | (49,257,258) | (39,351,525) | |
operations | |||||
Profit (loss) for the period from discontinued | (7,933,768) | (2,695,612) | (538,761) | 2,964,093 | |
operations | |||||
Net profit (loss) for the period | (126,530,351) | (64,951,629) | (49,796,019) | (36,387,432) | |
Allocation of net profit (loss) for the period | |||||
Attributable to non-controlling interests | (213,210) | (69,764) | (132,376) | 341,627 | |
Attributable to equity holders of the parent | (126,317,141) | (64,881,865) | (49,663,643) | (36,729,059) | |
company | |||||
Loss per share (TRY) | |||||
Attributable to shareholders of the parent | (0.2134) | (0.1096) | (0.0839) | (0.0620) | |
company (losses) | |||||
The accompanying notes form an integral part of these condensed consolidated interim financial statements.
4
CONVENIENCE TRANSLATION INTO ENGLISH OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş.
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE INTERIM PERIOD 1 JANUARY- 30 JUNE 2022
(Amounts expressed in Turkish Lira ("TRY") unless otherwise indicated.)
(Reviewed) | (Not Reviewed) | (Reviewed) | (Not Reviewed) | ||
Current Period | Current Period | Prior Period | Prior Period | ||
Note | 1 January - | 1 April - | 1 January - | 1 April - | |
Ref. | 30 June 2022 | 30 June 2022 | 30 June 2021 | 30 June 2021 | |
Other comprehensive income statement | |||||
Net profit (loss) for the period | (126,530,351) | (64,951,629) | (49,796,019) | (36,387,432) | |
Other comprehensive income | |||||
Other comprehensive income (expense) that | |||||
will not be subsequently reclassified to profit | |||||
and loss | |||||
- Gain (loss) on revaluation of property | - | - | - | - | |
- Gain (loss) on revaluation for defined | - | - | - | - | |
benefits | |||||
Taxes related to other comprehensive | |||||
income (expense) that will not be | |||||
subsequently reclassified to profit and loss |
- Gain (loss) on revaluation of property, tax effect
- Gain (loss) on revaluation for defined benefits, tax effect
Other comprehensive Income (expense) that will be subsequently reclassified to profit and loss
- | - | - | - |
- | - | - | - |
- Currency translation differences | 24,466,665 | 13,686,714 | (14,149,131) | (7,099,281) |
Other comprehensive income (expense) | 24,466,665 | 13,686,714 | (14,149,131) | (7,099,281) |
Total comprehensive income (expense) | (102,063,686) | (51,264,915) | (63,945,150) | (43,486,713) |
Allocation of total comprehensive | ||||
Income (expense) | ||||
Attributable to non-controlling | 793,857 | (68,835) | (880,742) | (308,063) |
interests | ||||
Attributable to shareholders | (102,857,543) | (51,196,080) | (63,064,408) | (43,178,650) |
of the parent company | ||||
The accompanying notes form an integral part of these condensed consolidated interim financial statements.
5
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Hürriyet Gazetecilik ve Matbaacilik AS published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 13:33:07 UTC.