Gozde Girisim Sermayesi Yatirim Ortakligi : 30.06.2023 Financial Report

GÖZDE GİRİŞİM SERMAYESİ

YATIRIM ORTAKLIĞI A.Ş.

SUMMARY FINANCIAL STATEMENTS FOR THE INTERIM PERIOD 1 JANUARY - 30 JUNE 2023

(Originally issued in Turkish)

CONVENIENCE TRANSLATION INTO ENGLISH OF INDEPENDENT

AUDITOR'S REVIEW REPORT ORIGINALLY ISSUED IN TURKISH

REPORT ON REVIEW OF INTERIM CONDENSED

FINANCIAL INFORMATION

To the General Assembly of Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş.

Introduction

We have reviewed the accompanying condensed statement of financial position of Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. (the "Company") as at 30 June 2023 and the related condensed statements of profit or loss and other comprehensive income, changes in equity and cash flows for the six- month period then ended. The management of the Company is responsible for the preparation and fair presentation of this interim condensed financial information in accordance with Turkish Accounting Standard 34 ("TAS 34") "Interim Financial Reporting". Our responsibility is to express a conclusion on this interim condensed financial information based on our review.

Scope of review

We conducted our review in accordance with the Standard on Review Engagements ("SRE") 2410, "Review of interim financial information performed by the independent auditor of the entity". A review of interim condensed financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and the objective of which is to express an opinion on the financial statements. Consequently, a review on the interim condensed financial information does not provide assurance that the audit firm will be aware of all significant matters which would have been identified in an audit. Accordingly, we do not express an audit opinion.

PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.

BJK Plaza, Süleyman Seba Caddesi No:48 B Blok Kat:9 Akaretler Beşiktaş 34357 İstanbul-Turkey

T: [phone], F: [phone], www.pwc.com.tr

Mersis Numaramız: 0-1460-0224-0500015

Conclusion

Based on our review, nothing has come to our attention that causes us to conclude that the accompanying interim condensed financial information is not prepared, in all material respects, in accordance with TAS 34.

Other matters

Management is responsible for the other information. The other information includes "Control of Compliance with Portfolio Limitations, Financial Debt and Total Expense Limits", which does not have a measurement criterion within the scope of TAS 34 and does not include financial statement and the auditor's report threon. In connection to our reivew on the financial statement does not include such other information and we do not make any assurances regarding the other information.

As part of a review of financial information, our responsibility is to read the other information outlined above and in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the review or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

PwC Bağımsız Denetim ve

Serbest Muhasebeci Mali Müşavirlik A.Ş.

Mert Tüten, SMMM

Partner

Istanbul, 4 August 2023

GÖZDE GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş.

CONTENTS	PAGE(S)
STATEMENTS OF FINANCIAL POSITION	1-2
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	3
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY	4
STATEMENTS OF CASH FLOW	5
NOTES TO THE CONDENSED 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 30 June 2023 and 31 December 2022

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

		Limited
		Review	Audited
	Notes	30 June	31 December
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	5	41,204	-
Trade receivables		27,214	29,717
- Trade receivables from related parties	6,7	27,214	29,717
Other receivables		5,375,725	-
- Other receivables from related parties	6,8	5,375,725	-
Other current assets	11	25,021	28,780
Total Current Assets		5,469,164	58,497
Non-Current Assets:
Financial investments	19	16,979,639,425	20,816,778,663
Tangible assets	9	126,121	93,396
Other non-current assets	11	133,363,774	79,072,202
Total Non-Current Assets		17,113,129,320	20,895,944,261
Total Assets		17,118,598,484	20,896,002,758

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

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