ARASE Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	760.6	789.88	716.41	167.03
Accounts Receivable	6,441	4,809	4,033	995.04
Other Receivables	30.96	16.88	0.97	1.66
Inventory	189.48	162.72	157.92	34.98
Prepaid Expenses	81.48	35.8	7.52	6.94
Other Current Assets	71.82	94.76	331.01	373.42
Total Current Assets	7,576	5,909	5,247	1,579
Property, Plant & Equipment	418.95	299.72	215.17	17.95
Other Intangible Assets	1,600	1,337	1,440	182.19
Long-Term Deferred Tax Assets	4,473	3,755	211.66	59.19
Long-Term Accounts Receivable	7,320	5,181	4,062	1,086
Other Long-Term Assets	0.83	0.68	1.42	0.99
Total Assets	21,389	16,482	11,177	2,926
Accounts Payable	2,156	1,158	1,981	707.06
Accrued Expenses	201.44	274.43	205.04	38.82
Short-Term Debt	-	-	164.77	-
Current Portion of Long-Term Debt	616.36	439.14	166.07	32.79
Current Unearned Revenue	342.1	124.2	62.78	35.28
Current Portion of Leases	66.68	33.19	34.01	5.31
Current Income Taxes Payable	112.7	6.31	166.6	1.28
Other Current Liabilities	1,207	1,047	1,311	391.29
Total Current Liabilities	4,702	3,082	4,091	1,212
Long-Term Debt	2,491	2,732	1,857	178.61
Long-Term Leases	150.3	103.02	118.41	6.29
Long-Term Unearned Revenue	0.29	0.18	-	-
Pension & Post-Retirement Benefits	39.18	14.44	28.13	7.18
Long-Term Deferred Tax Liabilities	960.22	504.91	142.65	5.08
Other Long-Term Liabilities	348.74	300.7	284.61	118.26
Total Liabilities	8,692	6,737	6,523	1,527
Common Stock	250	250	67	67
Retained Earnings	11,541	8,819	4,143	1,332
Comprensive Income & Other	905.21	676.13	444.87	-
Shareholders' Equity	12,696	9,745	4,655	1,399
Total Liabilities & Equity	21,389	16,482	11,177	2,926
Total Debt	3,325	3,307	2,341	223
Net Cash (Debt)	-2,564	-2,517	-1,624	-55.97
Net Cash Per Share	-10.26	-10.07	-6.50	-0.22
Filing Date Shares Outstanding	250	250	250	250
Total Common Shares Outstanding	250	250	250	250
Working Capital	2,873	2,827	1,155	367.24
Book Value Per Share	50.78	38.98	18.62	5.59
Tangible Book Value	11,096	8,408	3,214	1,216
Tangible Book Value Per Share	44.39	33.63	12.86	4.87
Buildings	21.32	17.09	17.09	3.94
Machinery	34.31	27.51	26.17	4.9
Construction In Progress	4.73	3.57	-	-

Source: S&P Capital IQ. Utility template. Financial Sources.