Financial Position A&T Finansal Kiralama A.Ş. Annual Report 2024 86 87 (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&T 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.) 27 5 - FINANCIAL ASSETS AT AMORTIZED COST (Continued) The sectorial breakdown of gross lease receivables as at 31 December 2024 and 31 December 2023 is as follows: 31 December 2024 % 31 December 2023 % Manufacturing industry 891,321,289 55 934,930,378 67 Wholesale and retail trade 378,257,081 23 196,777,849 14 Real estate and rental services 201,411,889 12 171,253,552 12 Construction 141,351,663 9 65,466,592 5 Farming and livestock 13,341,574 1 18,430,941 1 Transportation and communication 4,095,995 0 9,886,141 1 Financial mediation 3,876,714 0 4,304,400 0 Extraction of energy producing mines 1,577,944 0 2,685,735 0 Tourism -- -- 25,252 0 Total 1,635,234,150 100 1,403,760,840 100 The lease receivable consists of the rents to be collected during the lease period. In accordance with the lease agreements with tenants, the ownership of the leased items is delivered to the tenants at the end of the lease period. 6 - TANGIBLE ASSETS Acquisition cost Building Furniture and equipment Motor vehicles Total 1 January 2024 50,000,000 991,944 4,586,361 55,578,305 Additions -- 1,296,005 -- 1,296,005 Revaluation Surplus 15,000,000 -- -- 15,000,000 Disposals -- (8,867) -- (8,867) 31 December 2024 65,000,000 2,279,082 4,586,361 71,865,443 Accumulated amortization 1 January 2024 -- (541,737) (1,072,328) (1,614,065) Amortization for the year (356,300) (333,087) (824,818) (1,514,205) Disposals 356,300 6,619 -- 362,919 31 December 2024 -- (868,205) (1,897,146) (2,765,351) Net book value 65,000,000 1,410,877 2,689,215 69,100,092 A&T 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.) 28 6 - TANGIBLE ASSETS (Continued) Acquisition cost Building Furniture and equipment Motor vehicles Total 1 January 2023 25,135,000 630,986 2,001,376 27,767,362 Additions -- 375,611 2,939,985 3,315,596 Revaluation Surplus 24,865,000 -- -- 24,865,000 Disposals -- (14,653) (355,000) (369,653) 31 December 2023 50,000,000 991,944 4,586,361 55,578,305 Accumulated amortization 1 January 2023 -- (468,537) (847,507) (1,316,044) Amortization for the year (162,200) (87,103) (579,821) (829,124) Disposals 162,200 13,903 355,000 531,103 31 December 2023 -- (541,737) (1,072,328) (1,614,065) Net book value 50,000,000 450,207 3,514,033 53,964,240 (1) The building for use is measured over their fair values and are subject to valuation in this context. The expertise report related to the real estates was prepared by the CMB licensed real estate appraisal company on 1 December 2024. As at 31 December 2024, the total insurance value on tangible assets is TL 20,451,737 (31 December 2023: TL 17,305,000), insurance premium amount is TL 280,241 (31 December 2023: 217,319 TL). As at 31 December 2024, there are no pledges or mortgages on other tangible assets (31 December 2023: None). 7- INTANGIBLE ASSETS Cost (software) 31 December 2024 31 December 2023 1 January 6,303,686 2,421,079 Additions 1,179,339 3,882,607 Disposals -- -- 31 December 7,483,025 6,303,686 Accumulated amortization 1 January (1,396,935) (800,482) Amortization for the year (1,141,080) (596,453) Disposals -- -- 31 December (2,538,015) (1,396,935) Net book value 4,945,010 4,906,751
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