NET HOLDİNG ANONİM ŞİRKETİ

AND IT'S SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

INDEPENDENT AUDITORS' REPORT

FOR THE PERIOD ENDED AT 31 DECEMBER 2021

(CONVENIENCE TRANSLATION OF THE REPORT, THE FINANCIAL STATEMENTS

AND THE EXPLANATORY NOTES ORIGINALLY ISSUED IN TURKISH)

CONTENTS

PAGE

Independent Audit Report..........................................................................................................................................

1-6

Consolidated Balance Sheets…………………………………………………………………………………………

7-8

Consolidated Statements of Income ………………………………………………………………………………

9

Consolidated Statements of Other Comprehensive Income………………………………………………………

10

Consolidated Statements of Change in Shareholder's Equity ……………………………………………………

11

Consolidated Statements of Cash Flow ……………………………………………………………………………

12-13

Notes to the Consolidated Financial Statements …………………………………………………………………

14-114

NOTE 1

Organization and Nature Of Activities………………………………………………………………..

14

NOTE 2

Basis of the Consolidated Financial Statement…………………………………………………………

15-40

NOTE 3

Business Mergers and Subject to Joint Control and Joint Ventures……………………………………

40

NOTE 4

Shares in Other Companies……………………………………………………………………………

41-46

NOTE 5

Report by Segments……………………………………………………………………………………

46-53

NOTE 6

Related Party Disclosures………………………………………………………………………………

53-58

NOTE 7

Cash And Cash Equivalents……………………………………………………………………………

58-60

NOTE 8

Financial Investments, net………………………………………………………………………………

60-61

NOTE 9

Financial Borrowings, net………………………………………………………………………………

62

NOTE 10

Trade Receivables and Payables………………………………………………………………………

63-64

NOTE 11

Receivables and Payables from Finance Sector Activities……………………………………………

65

NOTE 12

Other Receivables and Payables………………………………………………………………………

66-68

NOTE 13

Payables from Employee Benefits……………………………………………………………………

68

NOTE 14

Inventories………………………………………………………………………………………………

69

NOTE 15

Prepaid Expenses and Deferred Income………………………………………………………………

69-70

NOTE 16

Investments Consolidated by Equity Pick Up Method…………………………………………………

71-72

NOTE 17

Right of Use Assets……………………………………………………………………………………

73

NOTE 18

Investment Properties…………………………………………………………………………………

74

NOTE 19

Tangible Fixed Assets…………………………………………………………………………………

75

NOTE 20

Intangible Fixed Assets, net……………………………………………………………………………

76

NOTE 21

Government Incentives and Grants……………………………………………………………………

77

NOTE 22

Commitments, Contingent Assets and Liabilities ……………………………………………………

77-79

NOTE 23

Commitments…………………………………………………………………………………………

80

NOTE 24

Provisions for Employee Benefits………………………………………………………………………

80

NOTE 25

Other Assets……………………………………………………………………………………………

81

NOTE 26

Shareholders' Equity……………………………………………………………………………………

81-85

NOTE 27

Sales and Cost of Sales…………………………………………………………………………………

85

NOTE 28

General Administrative Expenses and Marketing Expenses……………………………………………

86

NOTE 29

Expenses According to Qualifıcations…………………………………………………………………

87

NOTE 30

Other Operating Income / Expenses……………………………………………………………………

88

NOTE 31

Investment Activities Income / Expenses………………………………………………………………

89

NOTE 32

Financial Income / (Expenses)…………………………………………………………………………

89-90

NOTE 33

Current Assets Held for Sale and Discontinued Operations……………………………………………

90-91

NOTE 34

Tax Assets and Liabilities (Including Deferred Tax Assets and Liabilities)……………………………

92-97

NOTE 35

Earnings Per Share……………………………………………………………………………………

97

NOTE 36

Exposure to Financial Risks Due to Financial Instrument……………………………………………

98-106

NOTE 37

Financial Instruments (Fair Value Disclosures and Hedge Accounting Disclosures)…………

107-109

NOTE 38

Fees for Services Received from Independent Auditor's …………………….…………………….…

109

Other Issues Affecting the Consolidated Financial Statements Significantly or Required to be

NOTE 39

Disclosed for Clear, Understandable and Interpretable Presentation .............................................

110-114

NOTE 40

Post Balance Sheet Events…………………………………………………………………………….

114

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Net Holding AS published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 14:46:04 UTC.