Financial Position A&T Finansal Kiralama A.Ş. Annual Report 2024 84 85 (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.) 25 5 - FINANCIAL ASSETS AT AMORTIZED COST(Continued) Finance lease receivables Net End of Period 31 December 2023 31 December 2023 31 December 2024 710,257,676 600,778,854 31 December 2025 433,844,120 383,316,289 31 December 2026 195,349,105 180,125,642 31 December 2027 52,126,841 48,447,340 31 December 2028 and beyond 12,183,098 11,168,952 Total 1,403,760,840 1,223,837,077 Net lease receivables are analyzed as follows: 31 December 2024 31 December 2023 Not overdue and not impaired 1,423,429,551 1,211,089,007 Overdue but not impaired 14,372,519 12,748,070 Non-performing receivables 848,785 538,350 Total 1,438,650,855 1,224,375,427 Impairment provision (5,641,847) (5,965,712) Net finance lease receivables 1,433,009,008 1,218,409,715 As at 31 December 2024 and 31 December 2023, details of the Company’s net leasing receivables is as follows: 31 December 2024 Finance lease receivables Provision for impairment Finance lease receivables, net Stage 1 1,172,951,054 (3,146,260) 1,169,804,794 Stage 2 264,851,016 (1,704,468) 263,146,548 Stage 3 848,785 (791,119) 57,666 Total 1,438,650,855 (5,641,847) 1,433,009,008 31 December 2023 Finance lease receivables Provision for impairment Finance lease receivables, net Stage 1 1,028,048,109 (3,011,799) 1,025,036,310 Stage 2 195,788,968 (2,622,208) 193,166,760 Stage 3 538,350 (331,705) 206,645 Total 1,224,375,427 (5,965,712) 1,218,409,715 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.) 26 5 - FINANCIAL ASSETS AT AMORTIZED COST (Continued) As at 31 December 2024 and 31 December 2023, details of the Company’s aging table including the invoiced amount and principals of the overdue but not impaired finance lease receivables are follows: 31 December 2024 31 December 2023 Invoiced amount Remaining principal Invoiced amount Remaining principal 0 - 30 days 7,643,864 55,772,049 7,220,320 128,844,362 31 - 60 days 6,105,348 31,383,213 3,703,567 60,990,535 61 - 90 days 623,307 - 1,394,465 5,202,721 91 - 150 days - - 429,717 1,040,557 Total 14,372,519 87,155,262 12,748,069 196,078,175 Movement of the Company’s allowances for expected credit loss/specific provisions for the years 31 December are as follows: 1 January- 31 December 2024 1 January- 31 December 2023 Opening balance 1 January 5,965,712 3,167,349 Provision expenses 4,302,213 4,581,812 Collections(*) (4,626,077) (1,783,449) Closing balance 31 December 5,641,847 5,965,712 (*) The cash collection amount realized in 2024 is TL 4,626,077 (2023: TL 1,783,449) Within the scope of TFRS 9, there are no receivables written off during the period (31 December 2023: Company have written off TL 3,250,409 loans and its effect on NPL ratio is 0.68%). As at 31 December 2024, the amount of collaterals received from customers, excluding tangible assets subject to financial leasing, is TL 17,457,265,825 (31 December 2023: TL 13,141,976,795). The Company does not take into account collaterals that exceed the risk amount in risk reporting. The details of the guarantees are as follows: 31 December 2024 31 December 2023 Warranties received 11,943,728,685 9,358,461,443 Promissory notes received 4,476,058,037 3,012,465,215 Mortgage documents received 903,491,912 721,985,513 Vehicle pledge 50,674,290 13,681,000 Guarantees received 29,648,541 19,057,803 Buy – Back 25,734,244 -- Assignment of receivables 11,356,834 13,942,711 Machine pledge 11,022,870 -- Letter of Guarantee 4,850,063 -- Customer notes 700,000 2,382,800 Cash blockage 349 311 Total 17,457,265,825 13,141,976,795
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