Financial Position A&T Finansal Kiralama A.Ş. Annual Report 2024 100 101 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) A&T FİNANSAL KİRALAMA A.Ş. A&T FİNANSAL KİRALAMA A.Ş. NOTES TO THE FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2024 A& FİNANSAL KİRAL MA A. Ş. NOTES TO THE FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) 41 19 - NATURE AND LEVEL OF RISKS DERIVED FROM FINANCIAL INSTRUMENTS (Continued) As at 31 December 2024 and 31 December 2023, the undiscounted representation of the contractual maturity values of financial liabilities is as follows: 31 December 2024 In 3 months 3 - 12 month Over 1 year Non-maturity Total Funds borrowed 19,308,728 602,138,952 772,590,274 -- 1,394,037,954 Other payables 55,574 37,845,363 -- -- 37,900,937 Total liabilities 19,364,303 639,984,315 772,590,274 -- 1,431,938,892 31 December 2023 In 3 months 3 - 12 month Over 1 year Non-maturity Total Funds borrowed 180,000,207 205,766,715 831,088,368 -- 1,216,855,290 Other payables -- 42,965,990 -- -- 42,965,990 Total liabilities 180,000,207 248,732,705 831,088,368 -- 1,259,821,280 b2. Currency risk Foreign currency assets and liabilities create foreign currency risk. The Company carries a certain amount of foreign exchange position arising from the transactions carried out by its operations. The foreign exchange position is monitored daily by Planning Control and reported monthly on the basis of maturity and currency types. The Company conducts forward foreign exchange transactions in order to balance its foreign exchange assets and liabilities. As at 31 December 2024 and 31 December 2023, the Company's foreign currency assets and liabilities may be analyzed as follows (TL equivalents): 31 December 2024 USD Euro Others Total Cash and cash equivalents and the Central Bank 2,407,053 75,709,636 -- 78,116,688 Financial leasing receivables 28,022,659 1,422,258,497 -- 1,450,281,156 Unearned income (-) (2,047,645) (147,356,421) -- (149,404,065) Non-performing loans -- 552,500 -- 552,500 Expected loss provisions (-) (111,057) (4,996,548) -- (5,107,605) Investments in scope of leasing -- 6,822,392 -- 6,822,392 Advances given for leasing transactions 22,366,796 -- -- 22,366,796 Other assets 1,261,646 13,387,623 -- 14,649,270 Total assets 51,899,451 1,366,377,680 -- 1,418,277,131 Funds borrowed 9,003,391 1,351,529,417 -- 1,360,532,808 Other liabilities 2,111,367 26,477,898 -- 28,589,266 Total liabilities 11,114,758 1,378,007,315 -- 1,389,122,073 Net foreign currency position 40,784,693 (11,629,635) -- 29,155,058 A& FİNANSAL KİRAL MA A. Ş. NOTES TO THE FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2024 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) 42 19 - NATURE AND LEVEL OF RISKS DERIVED FROM FINANCIAL INSTRUMENTS (Continued) 31 December 2023 USD Euro Others Total Cash and cash equivalents and the Central Bank 15,076,261 143,030,265 -- 158,106,526 Financial leasing receivables 26,072,443 1,174,188,598 -- 1,200,261,041 Unearned income (-) (2,308,019) (123,510,743) -- (125,818,762) Non-performing loans -- 48,438 -- 48,438 Expected loss provisions (-) (73,983) (5,101,658) -- (5,175,641) Investments in scope of leasing -- 10,901,640 -- 10,901,640 Advances given for leasing transactions -- -- -- -- Other assets 1,567,190 13,051,524 -- 14,618,714 Total assets 40,333,892 1,212,608,064 -- 1,252,941,956 Funds borrowed 35,626,110 1,155,857,353 -- 1,191,483,463 Other liabilities 1,187,303 39,156,804 -- 40,344,107 Total liabilities 36,813,413 1,195,014,157 -- 1,231,827,570 Net foreign currency position 3,520,479 17,593,907 -- 21,114,386 Currency risk sensitivity analysis The table below shows the Company's sensitivity to 10% change in US Dollars and Euros. During this analysis, it is assumed that all variables, especially interest rates, will remain constant. Profit / Loss Equity 31 December 2024 Appreciation of foreign currency Depreciation of foreign currency Appreciation of foreign currency Depreciation of foreign currency In case the US Dollar changes 10% against TL 1 – Net asset / liability of USD 4,078,469 (4,078,469) 4,078,469 (4,078,469) 2- The amount hedged for USD risk (-) -- -- -- -- 3- Net effect of USD (1 +2) 4,078,469 (4,078,469) 4,078,469 (4,078,469) In case the Euro changes 10% against TL 4 – Net asset / liability of Euro (1,162,963) 1,162,963 (1,162,963) 1,162,963 5- The amount hedged for Euro risk (-) -- -- -- -- 6- Net effect of Euro (4+5) (1,162,963) 1,162,963 (1,162,963) 1,162,963 TOTAL (3+6) 2,915,506 (2,915,506) 2,915,506 (2,915,506) (*) Equity effect includes the effect of income statement. Profit / Loss Equity 31 December 2023 Appreciation of foreign currency Depreciation of foreign currency Appreciation of foreign currency Depreciation of foreign currency In case the US Dollar changes 10% against TL 1 – Net asset / liability of USD 352,048 (352,047) 352,047 (352,047) 2- The amount hedged for USD risk (-) -- -- -- -- 3- Net effect of USD (1 +2) 352,048 (352,047) 352,047 (352,047) In case the Euro changes 10% against TL 4 – Net asset / liability of Euro 1,759,390 (1,759,390) 1,759,390 (1,759,390) 5- The amount hedged for Euro risk (-) -- -- -- -- 6- Net effect of Euro (4+5) 1,759,390 (1,759,390) 1,759,390 (1,759,390) TOTAL (3+6) 2,111,437 (2,111,437) 2,111,437 (2,111,437) (* ) Equity effect includes the effect of income statement.
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