Gozde Girisim Sermayesi Yatirim Ortakligi : 31.03.2023 Financial Report

GÖZDE GİRİŞİM SERMAYESİ

YATIRIM ORTAKLIĞI A.Ş.

SUMMARY FINANCIAL STATEMENTS FOR THE INTERIM PERIOD 1 JANUARY - 31 MARCH, 2023

(Originally issued in Turkish)

GÖZDE GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş.

CONTENT	PAGE(S)
STATEMENTS OF FINANCIAL POSITION (BALANCE SHEETS)	1-2
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME ………	3
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY	4
STATEMENTS OF CASH FLOW	5
NOTES TO THE FINANCIAL STATEMENTS	6-43
NOTE 1	ORGANIZATION AND OPERATIONS OF THE COMPANY	6-7
NOTE 2	BASIS OF PRESENTATION OF FINANCIAL STATEMENTS	7-10
NOTE 3	MERGERS	10
NOTE 4	SEGMENT REPORTING	10
NOTE 5	CASH AND CASH EQUIVALENTS	10
NOTE 6	BALANCES AND TRANSACTIONS WITH RELATED PARTIES	11-16
NOTE 7	TRADE RECEIVABLES AND PAYABLES	16
NOTE 8	OTHER RECEIVABLES AND PAYABLES	16-17
NOTE 9	TANGIBLE ASSETS	17
NOTE 10	EMPLOYEE BENEFITS	18-19
NOTE 11 OTHER ASSETS AND LIABILITIES	19
NOTE 12	SHAREHOLDERS' EQUITY	20
NOTE 13	REVENUE AND COST OF SALES	21
NOTE 14	GENERAL ADMINISTRATIVE EXPENSES	22
NOTE 15	OTHER INCOME AND EXPENSES FROM OPERATING ACTIVITIES	22
NOTE 16	FINANCIAL INCOME AND EXPENSES	23
NOTE 17	EARNINGS PER SHARE	23
NOTE 18	PROVISIONS, CONTINGENT ASSETS AND LIABILITIES …………………………	23
NOTE 19	FINANCIAL INSTRUMENTS	24-28
NOTE 20	FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT	29-35
NOTE 21	FINANCIAL INSTRUMENTS (FAIR VALUE DISCLOSURES)	36-39
NOTE 22	EVENTS AFTER THE BALANCE SHEET DATE	40
NOTE 23	CONTROL OF COMPLIANCE WITH PORTFOLIO LIMITATIONS, FINANCIAL DEBT
	AND TOTAL EXPENSE LIMITS………………	40-43

GÖZDE GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş.

Balance sheets

at 31 March 2023 and 31 December 2022

(Amounts expressed in Turkish Lira ("TRY") unless otherwise stated.)

		Unaudited	Audited
		Current Period	Previous Period
	Notes	31 March	31 December
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	5	-	-
Trade receivables		34,616	29,717
- Trade receivables from related parties	6,7	34,616	29,717
Other receivables		4,866,039	-
- Other receivables from related parties	7	4,866,039	-
Other current assets	11	18,841	28,780
Total Current Assets		4,919,496	58,497
Non-Current Assets:
Financial investments	19	15,184,917,890	20,816,778,663
Tangible assets	9	84,915	93,396
Other non-current assets	11	85,857,906	79,072,202
Total Non-Current Assets		15,270,860,711	20,895,944,261
Total Assets		15,275,780,207	20,896,002,758

The accompanying notes form an integral part of the financial statements.

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GÖZDE GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş.

Balance sheets

at 31 March 2023 and 31 December 2022

(Amounts expressed in Turkish Lira ("TRY") unless otherwise stated.)

		Unaudited	Audited
		Current Period	Previous Period
	Notes	31 March	31 December
	2023	2022
LIABILITIES
Current Liabilities
Trade payables		310,630,653	286,585,322
- Trade payables to related parties	6,7	310,518,101	286,188,871
- Trade payables to non-related parties	7	112,552	396,451
Payables related to employee benefits	10	661,692	151,719
Other payables		1,596,997,498	1,465,128,345
- Other payables to related parties	6,8	1,596,997,498	1,465,128,345
Short-term provisions		417,016	278,920
- Short-term provisions for employee benefits	10	417,016	278,920
Other short-term liabilities	11	6,047,579	4,931,005
Total Current Liabilities		1,914,754,438	1,757,075,311
Non-Current Liabilities:
Other payables	8	250,000,000	250,000,000
- Other payables to related parties	6.8	250,000,000	250,000,000
Long-term provisions		477,491	467,480
- Long-term provisions for employment benefits	10	477,491	467,480
Total Non-Current Liabilities		250,477,491	250,467,480
Total Liabilities		2,165,231,929	2,007,542,791
Shareholders' Equity
Paid-in capital	12	385,000,000	385,000,000
Share premiums	12	197,944,862	197,944,862
Restricted reserves	12	4,357,694	4,357,694
Retained earnings		18,301,157,411	10,830,595,339
Net profit (loss) for the period		(5,777,911,689)	7,470,562,072
Total Equity		13,110,548,278	18,888,459,967
Total Liabilities		15,275,780,207	20,896,002,758

The accompanying notes form an integral part of the financial statements.

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GÖZDE GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş.

Statements of profit or loss

for the interim period 1 January - 31 March 2023 and 2022

(Amounts expressed in Turkish Lira ("TRY") unless otherwise stated.)

		Unaudited	Unaudited
		Current Period	Previous Period
		1 January	1 January
		31 March	31 March
	Notes	2023	2022
Revenue	13	5,060,550	465,726
Cost of sales (-)	13	(4,765,868)	-
Gross profit		294,682	465,726
General administrative expenses (-)	14	(39,693,230)	(20,517,207)
Other operating income	15	143,285,916	27,201,527
Other operating expenses (-)	15	(5,770,448,698)	(427,553,652)
Operating Loss		(5,666,561,330)	(420,403,606)
Financial income	16	63,250	-
Financial expenses (-)	16	(111,413,609)	(96,248,667)
Loss Before Tax		(5,777,911,689)	(516,652,273)
Tax Expense For The Period		-	-
-Current tax expense (-)		-	-
Net loss for the period		(5,777,911,689)	(516,652,273)
Other comprehensive income		-	-
Total other comprehensive expense		-	-
Total Comprehensive Expense		(5,777,911,689)	(516,652,273)
Loss Per Share	17	(15.01)	(1.34)

The accompanying notes form an integral part of the financial statements.

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