A&T Finansal Kiralama A.Ş. Annual Report 2024 99 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) A&T FİNANSAL KİRALAMA A.Ş. NOTES TO THE FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Position 98 (Amounts expressed Turkish lira (“TL”) unless otherwise indicated.) A&T FİNANSAL KİRALAMA A.Ş. NOTES TO THE FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2024 A&T FİNANSAL KİRALAMA 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.) 39 19- NATURE AND LEVEL OF RISKS DERIVED FROM FINANCIAL INSTRUMENTS (Continued) Maximum exposure to credit risk table: 31 December 2024 31 December 2023 Financial leasing Other Deposits at Financial leasing Other Deposits at receivables Assets banks receivables assets banks Maximum credit risk exposed as at balance sheet date (A+B+C+D+E) 1,437,859,736 48,878,271 158,091,057 1,224,043,721 28,335,736 182,281,571 - The part of the maximum risk secured by collateral 1,437,802,070 48,878,271 158,091,057 1,223,837,077 28,335,736 -- A. Carrying value of financial assets that are not past due nor impaired 1,423,429,551 48,878,271 158,091,057 1,211,089,007 28,335,736 182,281,571 - The part under guarantee with collateral 1,423,429,551 48,878,271 -- 1,211,089,007 28,335,736 -- B. Net book value of financial assets whose terms are reassessed, if not accepted as past due nor impaired -- -- -- C. Financial assets that are past due but not impaired 14,372,518 -- -- 12,748,070 -- -- - The part under guarantee with collateral 14,372,518 -- -- 12,748,070 -- -- D. Net book value of impaired assets 57,665 -- -- 206,645 -- -- - Past due (gross carrying value) 848,785 -- -- 538,350 -- -- - Impairment (-) (791,119) -- -- (331,705) -- -- - The part of net value under guarantee with collateral -- -- -- -- -- -- - Not past due (gross carrying value) -- -- -- -- -- -- - Impairment (-) -- -- -- -- -- -- - The part of net value under guarantee with collateral -- -- -- -- -- -- E. Off balance sheet items that include credit risk -- -- -- -- -- -- Expected loss provisions for Stage 1 and Stage 2 leasing receivables are not included in the table. 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.) 40 19 - NATURE AND LEVEL OF RISKS DERIVED FROM FINANCIAL INSTRUMENTS (Continued) b. Market risk Market risk is the risk that the Company's capital and earnings and the ability of the Company to achieve its goals will be negatively affected by fluctuations in interest rates, inflation rates in foreign currency rates, and prices in the market. The ompany follows market risk under the titles of liquidity risk, currency risk and interest rate risk. b1. Liquidity risk Liquidity risk is the possibility of the Company is not meeting its net financing needs. Liquidity risk arises from problems in the sector or decreases in credit ratings leading to the decline of some fund resources in a short time. As a precaution against liquidity risk, management diversifies its financing resources and manages its assets with liquidity priority. The following table provides an analysis for the Company’s financial assets and liabilities according to the relevant maturity grouping based on the period remaining on the balance sheet date and the maturity dates included in the contracts. Interests to be collected and paid on the Company’s assets and liabilities are included in the table below. 31 December 2024 Non-maturity In 3 months 3 – 12 month Over 1 year Total Cash and cash equivalents and the Central Bank 80,099,010 77,977,766 -- -- 158,076,777 Financial lease receivables -- 232,915,266 596,696,326 603,397,416 1,433,009,008 Investments in scope of leasing -- 8,055,370 -- -- 8,055,370 Other receivables -- -- 11,637,626 -- 11,637,626 Advances given for leasing transactions -- 22,367,796 -- -- 22,367,796 Other assets 80,862,583 -- -- -- 80,862,583 Deferred Tax Asset 2,295,782 -- -- -- 2,295,782 Assets used to manage liquidity risk 163,257,375 341,316,198 608,333,951 603,397,416 1,716,304,941 Funds borrowed -- 19,308,728 602,138,952 772,590,274 1,394,037,954 Other liabilities -- 55,575 37,845,363 -- 37,900,938 Provisions 24,258,980 -- -- -- 24,258,980 Current tax debt -- 5,154,688 4,245,643 -- 9,400,331 Total liabilities 24,258,980 24,518,991 644,229,959 772,590,274 1,465,598,203 Net liquidity surplus/(deficit) 138,998,395 316,797,207 (35,896,007) (169,192,857) 250,706,737 31 December 2023 Non-maturity In 3 months 3 – 12 month Over 1 year Total Cash and cash equivalents and the Central Bank 147,558,738 34,698,225 -- -- 182,256,963 Financial lease receivables -- 169,569,038 425,782,454 623,058,223 1,218,409,715 Investments in scope of leasing -- 10,905,662 -- -- 10,905,662 Other receivables - -- 10,427,114 -- 10,427,114 Advances given for leasing transactions -- 3,000 -- -- 3,000 Other assets 65,876,696 -- -- -- 65,876,696 Deferred Tax Asset 539,447 -- -- -- 539,447 Assets used to manage liquidity risk 213,974,881 215,175,925 436,209,568 623,058,223 1,488,418,597 Funds borrowed -- 180,000,207 205,766,715 831,088,368 1,216,855,290 Other liabilities -- -- 42,965,990 -- 42,965,990 Provisions 8,781,185 -- -- -- 8,781,185 Current tax debt -- 3,763,888 834,935 -- 4,598,823 Total liabilities 8,781,185 183,764,095 249,567,640 831,088,368 1,273,201,288 Net liquidity surplus/(deficit) 124,454,291 178,970,568 186,641,928 (208,030,145) 215,217,309
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