AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Management Reports • Apr 16, 2024

Impact of IAS 29 on Financials

	IAS 29 Including Inflation Accounting		IAS 29 Excluding Inflation Accounting (*)
(million TL)	2023	2022	2023	2022
Selected Consolidated Balance Sheet Items
Total Assets	23.380	20.512	22.979	12.386
Total Liabilities	7.598	7.479	7.889	4.534
Shareholders Equity	15.783	13.033	15.091	7.852
Selected Consolidated Income Statement Items
Revenue	1.095	946	906	512

Gross Profit	1.057	909	876	492
Operating Profit	1.463	872	7.705 (**)	3.737 (**)
Net Profit for the Period (Parent Company's Share)	726	1.333	4.477 (**)	3.082 (**)
EBITDA	984	877	811	473

(*) The figures excluding IAS 29 Inflation Accounting are not included in the Company's Independent Audit Report dated December 31, 2023.

(**) The difference compared to the figures including IAS 29 Inflation Accounting is mainly due to the increase in the fair value of the assets in the Company's assets.