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BERA HOLDİNG A.Ş. Interim / Quarterly Report 2021

Nov 9, 2021

8759_rns_2021-11-09_207415db-437e-4cd9-8647-48c6ee5a0c14.pdf

Interim / Quarterly Report

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BERA HOLDİNG A.Ş.

CONSOLIDATED BALANCE SHEETS AT 30.09.2021 AND 31.12.2020

(Amounts expressed in TL unless otherwise stated)

ASSETS
Current Assets
Cash and cash equivalent
Trade receivables
- Other trade receivables from third parties
Other receivables
- Other receivables from related parties
- Other receivables from third parties
Inventories
Prepaid expenses
Prepaid taxes
Other current assets
SUB TOTAL
Assets and disposal groups classified as held for sale
TOTAL CURRENT ASSETS
Non - current assets
Financial investments
Trade receivables
- Other trade receivables from third parties
Other receivables
- Other receivables from third parties
Biological assets
Investment properties
Tangible assets
Right of usage of assets
Intangible assets
- Other intangible assets
Prepaid expenses
Deferred tax assets
Other non-current assets
TOTAL NON - CURRENT ASSETS
TOTAL ASSETS
Notes
53
7
6
9
10
12
40
29
39
47
7
9
11
13
14
15
17
12
40
29
Unaudited
Audited
30.09.2021
31.12.2020
325.866.444
362.039.933
941.678.855
711.080.909
--
520.885
79.478.030
210.021.284
826.568.215
755.097.786
84.445.596
89.681.336
6.945.832
213.148
53.739.179
51.574.762
2.318.722.151
2.180.230.043
11.512.663
11.512.663
2.330.234.814
2.191.742.706
98.763.091
91.499.463
45.831.077
39.765.295
20.860
20.867
11.863.371
16.607.759
518.709.031
519.822.588
1.557.902.137
1.547.711.844
969.025
1.174.718
21.919.991
16.962.787
10.106.956
8.452.388
62.798.878
55.237.783
12.164.243
2.077.284
2.341.048.660
2.299.332.776
4.671.283.474
4.491.075.482

BERA HOLDİNG A.Ş.

CONSOLIDATED BALANCE SHEETS AT 30.09.2021 AND 31.12.2020

(Amounts expressed in TL unless otherwise stated)

LIABILITIES
CURRENT LIABILITIES
Current financial liabilities
Current portion of non-current financial liabilities
Other financial liabilities
Trade payables
- Other trade payables to third parties
Payables to personnel
Other payables
- Other payables to third parties
Deferred income
Income tax payable
Provisions
- Other current provisions
Other current liabilities
TOTAL CURRENT LIABILITIES
NON - CURRENT LIABILITIES
Non-current financial liabilities
Other financial liabilities
Other payables
- Other payables to third parties
Deferred income
Provisions
- Provision for employment termination benefits
- Other long-term provisions
Deferred tax liabilities
Other non-current liabilities
TOTAL NON - CURRENT LIABILITIES
EQUITY
Shareholder's equity- Group's share
Share capital
Inflation restatement differences
Capital adjustments due to cross-ownership (-)
Other comprehensive income items not to be reclassified to
profit or loss
- Revaluation fund
- Actuarial gains/(losses)
Other comprehensive income items not to be reclassified to
profit or loss
- Translation gains/(losses)
Previous years profits/losses
Net profit/(loss) for the year
TOTAL EQUITY- GROUP'S SHARE
Minoritry interest
TOTAL EQUITY
TOTAL LIABILITIES
Notes
47
47
47
7
27
9
12
40
25
29
47
47
9
12
27
25
40
29
30
30
30
30
30
30
30
41
30
Unaudited
30.09.2021
282.639.744
250.413.937
119.086
294.629.618
41.555.746
1.367.925
299.890
27.104.899
6.703.692
276.259.626
1.181.094.163
214.233.837
1.047.693
1.449.879
--
76.736.762
--
219.836.492
59.332.883
572.637.546
341.600.000
410.924.305
(129.940.793)
961.250.435
(25.847.392)
(356.145)
750.526.985
244.858.396
2.553.015.791
364.535.974
2.917.551.765
4.671.283.474
Audited
31.12.2020
296.808.684
354.864.186
264.711
163.335.744
29.358.999
929.039
352.834
12.239.611
7.430.273
198.636.723
1.064.220.804
431.864.306
1.234.958
1.023.585
2.991.894
65.456.521
871.207
211.986.171
80.374.613
795.803.255
341.600.000
410.924.305
(37.641.396)
939.879.330
(22.685.823)
(5.347.160)
343.070.763
352.292.988
2.322.093.007
308.958.416
2.631.051.423
4.491.075.482

TOTAL LIABILITIES

BERA HOLDİNG A.Ş.

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND COMPREHENSIVE INCOME FOR THE PERIODS OF 01.01.-30.09.2021, 01.07.-30.09.2021, 01.01.-30.09.2020 AND 01.07.-30.09.2020 (Amounts expressed in TL unless otherwise stated)

Notes Unaudited
01.01.-30.09.2021
Unaudited
01.07.-30.09.2021
Unaudited
01.01.-30.09.2020
Unaudited
01.07.-30.09.2020
Sales
Cost of sales (-)
31
31
2.832.633.862
(2.196.244.543)
1.078.649.326
(794.396.502)
2.207.379.727
(1.629.221.549)
578.158.178
(114.906.213)
(89.962.615)
(6.241.464)
41.987.539
(35.604.796)
373.430.629
22.700.375
(12.361.044)
383.769.960
(285.245.454)
173.447.427
271.971.933
(47.469.818)
(58.766.869)
11.297.051
224.502.115
45.833.849
178.668.266
0,523
0,523
(3.365.267)
740.359
(2.624.908)
221.877.207
45.669.867
176.207.340
802.074.725
(635.235.771)
GROSS PROFIT/LOSS 636.389.319 284.252.824 166.838.954
General administrative expenses (-)
Marketing, selling and distribution expenses (-)
Research and development expenses
Other operating income
Other operating expenses (-)
33
33
33
34
34
(142.143.472)
(124.003.224)
(10.947.709)
70.805.964
(34.623.123)
(47.690.063)
(46.400.988)
(3.315.406)
8.449.941
(8.190.232)
(40.566.757)
(31.791.080)
(2.851.667)
11.429.581
(6.700.076)
OPERATING PROFIT/LOSS 395.477.755 187.106.076 96.358.955
Investment activities income
Investment activities expenses (-)
35
35
58.472.454
(22.059.746)
3.381.037
(12.573.593)
6.236.561
(7.075.066)
OPERATING PROFIT /LOSS BEFORE FINANCING EXPENSES 431.890.463 177.913.520 95.520.450
Finance expense (-)
37
Finance income
37
(215.275.213)
177.138.533
(78.221.435)
56.342.039
(93.751.293)
78.659.929
PROFIT/LOSS BEFORE TAX FROM CONTINUING OPERATIONS 393.753.783 156.034.124 80.429.086
Tax income/(expenses) from continuing operations (71.231.263) (20.362.053) (3.642.906)
- Income tax provision
40
- Deferred tax (expenses)/income
40
PROFIT/LOSS FOR THE PERIOD
Appropriation of net profit/(loss)
Minority interest share
30
Group's share
41
Earnings per share
Earnings per share from continuing operations
41
Diluted earnings per share
Diluted earnings per share from continuing operations
41
OTHER COMPREHENSIVE INCOME:
Items not to be reclassified to profit or loss
Other comprehensive income items not to be reclassified to profit
or loss
38
Tax effects of other comprehensive income items not to be
reclassified to profit or loss
- Deferred tax (expenses)/income
38
OTHER COMPREHENSIVE, NET OF TAX
TOTAL COMPREHENSIVE INCOME
Appropriation of total comprehensive income
Minority interest share
Group's share
(74.969.604)
3.738.341
322.522.520
77.664.124
244.858.396
0,717
0,717
(3.951.961)
790.392
(3.161.569)
319.360.951
77.455.439
241.905.512
(22.890.588)
2.528.535
135.672.071
28.018.890
107.653.181
0,315
0,315
(3.720.946)
744.189
(2.976.757)
132.695.314
27.798.630
104.896.684
(13.804.669)
10.161.763
76.786.180
18.341.638
58.444.542
0,171
0,171
(2.204.736)
485.042
(1.719.694)
75.066.486
18.254.795
56.811.691

BERA HOLDİNG A.Ş.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE PERIODS OF 30.09.2021 AND 30.09.2020

(Amounts expressed in TL unless otherwise stated)

Other comprehensive income items not
to be reclassified to profit or loss in
subsequent periods
Other comprehensive income items not
to be reclassified to profit or loss in
subsequent periods
~~Other~~
comprehensive
income items to be
reclassified to
profit or loss in
subsequent periods
Retained Earnings Retained Earnings
Notes Paid in Capital Capital
Adjustment
Differences
Mutual Affiliate
Capital
Adjustment
Tangible Assets
Revaluation Fund
Increase/(Decreases)
Other Profit /
(Loss)

Foreign Currency
Translation
Differences


Previous Year
Profit/(Loss)
Net Profit(Loss)
for the period
Equity attributable
to parent

Equity
Attributable to
minority
Total Equity
01.01.2020 341.600.000 410.924.305 (95.735.141) 784.615.873 (17.775.269) (2.297.647) 190.478.278 26.890.526 1.638.700.925 248.049.198 1.886.750.123
Transactions with MinorityInterest 30 -- -- -- -- (163.982) -- 25.316.762 -- 25.152.780 13.038.619 38.191.399
Transfers 30 -- -- -- -- -- -- 26.890.526 (26.890.526) -- -- --
Total Comprehensive Income/(Expense) -- -- -- -- (2.460.926) -- -- 178.668.266 176.207.340 45.669.867 221.877.207
Profit /(Loss) for the Period 41 -- -- -- -- -- -- -- 178.668.266 178.668.266 45.833.849 224.502.115
Other Comprehensive Income /(Expense) -- -- -- -- (2.460.926) -- -- -- (2.460.926) (163.982) (2.624.908)
- Change in Actuarial Gains/(Losses) 27 -- -- -- -- (2.460.926) -- -- -- (2.460.926) (163.982) (2.624.908)
Increase(Decrease)Related to Other Changes -- -- 58.039.215 41.784.161 -- (4.617.694) 93.013.867 -- 188.219.549 -- 188.219.549
- Capital adjustments due to cross-ownership 30 -- -- 58.039.215 -- -- -- 72.079.720 -- 130.118.935 -- 130.118.935
- Change in Foreign Currency Translation Differences 30 -- -- -- 41.784.161 -- (4.617.694) 26.119.850 -- 63.286.317 -- 63.286.317
- The Effect of the Subsidiary Sold 47 -- -- -- -- -- -- (5.185.703) -- (5.185.703) -- (5.185.703)
30.09.2020 341.600.000 410.924.305 (37.695.926) 826.400.034 (20.400.177) (6.915.341) 335.699.433 178.668.266 2.028.280.594 306.757.684 2.235.038.278
01.01.2021 341.600.000 410.924.305 (37.641.396) 939.879.330 (22.685.823) (5.347.160) 343.070.763 352.292.988 2.322.093.007 308.958.416 2.631.051.423
Transactions with MinorityInterest 30 -- -- -- -- (208.685) -- 49.347.037 -- 49.138.352 (21.877.881) 27.260.471
Transfers 30 -- -- -- -- -- -- 352.292.988 (352.292.988) -- -- --
Total Comprehensive Income/(Expense) -- -- -- -- (2.952.884) -- -- 244.858.396 241.905.512 77.455.439 319.360.951
Profit /(Loss) for the Period 41 -- -- -- -- -- -- -- 244.858.396 244.858.396 77.664.124 322.522.520
Other Comprehensive Income /(Expense) -- -- -- -- (2.952.884) -- -- -- (2.952.884) (208.685) (3.161.569)
- Change in Actuarial Gains/(Losses) 27 -- -- -- -- (2.952.884) -- -- -- (2.952.884) (208.685) (3.161.569)
Dividend Paid 30 -- -- -- -- -- -- (27.929.760) -- (27.929.760) -- (27.929.760)
Increase(Decrease)Related to Other Changes -- -- (92.299.397) 21.371.105 -- 4.991.015 33.745.957 -- (32.191.320) -- (32.191.320)
- Capital adjustments due to cross-ownership 30 -- -- (92.299.397) -- -- -- 37.934.374 -- (54.365.023) -- (54.365.023)
- Change in Foreign Currency Translation Differences 30 -- -- -- 21.371.105 -- 4.991.015 (4.188.417) -- 22.173.703 -- 22.173.703
30.09.2021 341.600.000 410.924.305 (129.940.793) 961.250.435 (25.847.392) (356.145) 750.526.985 244.858.396 2.553.015.791 364.535.974 2.917.551.765

BERA HOLDİNG A.Ş.

CONSOLIDATED STATEMENTS OF CASH FLOW FOR THE PERIODS ENDED 30.09.2021 AND 30.09.2020

(Amounts expressed in TL unless otherwise stated)

Unaudited Unaudited
Notes 01.01.-30.09.2021 01.01.-30.09.2020
A. CASH FLOWS FROM BUSINESS OPERATIONS 444.965.409 (38.558.451)
Profit/Loss for the Period 393.753.783 271.971.933
Adjustments Related to Net Period Profit Reconciliation 92.871.954 79.014.786
Adjustments for Depreciation and Amortization Expense 14, 17 76.232.053 70.234.146
Adjustments (Reverse) for Impairments 3.510.964 5.942.124
- Adjustments (Reverse) for Impairment of Receivables 7 5.084.420 5.468.226
- Adjustments to Inventory Impairment/(Reverse) 10 (1.573.456) 473.898
Adjustments for Provisions 13.128.937 2.838.516
- Adjustments for Severance Indemnities 27 14.726.725 6.697.453
- Adjustments (Reverse) for Other Provisions 25 (1.597.788) (3.858.937)
Changes in Working Capital (66.769.698) (436.015.139)
Increase/decrease in Trade Receivables (241.748.148) (171.423.132)
Decrease / (Increase) in Trade Receivables from Third Parties 7 (241.748.148) (171.423.132)
Adjustments for Decrease / (Increase) in Other Receivables Related to Operations 131.064.146 (49.849.583)
Decrease / (Increase) in Other Receivables Related to Operations from Related Parties 6 520.885 (132.541)
Decrease / (Increase) in Other Receivables Related to Operations from Third Parties 9 130.543.261 (49.717.042)
Adjustments for Decrease / (Increase) in Inventories 10 (69.896.973) 15.183.393
Decrease / (Increase in Biological Assets 11 4.744.388 (1.549.950)
Decrease / (Increase) in Prepaid Expenses 12 3.581.172 (44.985.930)
Adjustments for Increase / (Decrease) in Trade Payables 131.293.874 (121.902.020)
Increase / (Decrease) in Trade Payables to Third Parties 7 131.293.874 (121.902.020)
Increase / (Decrease) in Employment Termination Benefits 27 8.750.263 (6.649.593)
Adjustments for Increase / (Decrease) in Other Payables Related to Operations 865.180 (768.861)
Increase / (Decrease) of Other Payables Related to Operation from Related Parties 6 -- (1.896.702)
Increase/ (Decrease) in Other Payables Related to Operation from Third Parties 9 865.180 1.127.841
Increase/ (Decrease) in Deferred Incomes 12 (3.044.838) 384.206
Adjustments for Other Increases/ (Decreases) Related to Working Capital (32.378.762) (54.453.669)
Increase / Decrease in Other Liabilities Related to Operations 29 (12.251.376) 10.239.032
Increase / Decrease in Other Liabilities Related to Operations 29 (20.127.386) (64.692.701)
Cash Flows From Operations 419.856.039 (85.028.420)
Tax Refunds / (Payments) 40 25.109.370 46.469.969
B. CASH FLOWS FROM INVESTING ACTIVITIES (51.491.911) (15.289.035)
Cash Inflows/ Outflows for the Acquisition of Shares or Debt Instruments of Other Businesses
or Funds
47 (7.263.628) (4.200.256)
Cash Inflows / Outflows arising from the Purchase and Sale of Tangible and Intangible Assets 14, 15,17 (44.228.283) (11.088.779)
C. CASH FLOWS FROM FINANCING ACTIVITIES (456.811.705) 157.916.082
Cash Inflows / Outflows resulting from the Sale of The Business's Shares and Other Equity-
Based Instruments
30 (92.299.397) 58.039.215
Cash Inflows from Borrowing and Cash Outflows from Debt Payments 47 (336.582.548) 99.876.867
Dividends Paid 30 (27.929.760) --
NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS BEFORE
FOREIGN CURRENCY TRANSLATION DIFFERENCES
(63.338.207) 104.068.596
D. FOREIGN CURRENCY DIFFERENCES ON CASH AND CASH EQUIVALENTS NET 30 27.164.718 58.668.623
NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (36.173.489) 162.737.219
E. CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 53 362.039.933 195.384.504
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 53 325.866.444 358.121.723