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	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	978.56	789.88	716.41	167.03
Accounts Receivable	5,997	4,809	4,033	995.04
Other Receivables	0.88	16.88	0.97	1.66
Inventory	242.35	162.72	157.92	34.98
Prepaid Expenses	9.06	35.8	7.52	6.94
Other Current Assets	172.6	94.76	331.01	373.42
Total Current Assets	7,400	5,909	5,247	1,579
Property, Plant & Equipment	383.97	299.72	215.17	17.95
Other Intangible Assets	1,706	1,337	1,440	182.19
Long-Term Deferred Tax Assets	4,734	3,755	211.66	59.19
Long-Term Accounts Receivable	8,270	5,181	4,062	1,086
Other Long-Term Assets	2.82	0.68	1.42	0.99
Total Assets	22,497	16,482	11,177	2,926
Accounts Payable	2,920	1,158	1,981	707.06
Accrued Expenses	143.81	274.43	205.04	38.82
Short-Term Debt	-	-	164.77	-
Current Portion of Long-Term Debt	628.19	439.14	166.07	32.79
Current Unearned Revenue	152.09	124.2	62.78	35.28
Current Portion of Leases	101.71	33.19	34.01	5.31
Current Income Taxes Payable	29.98	6.31	166.6	1.28
Other Current Liabilities	1,260	1,047	1,311	391.29
Total Current Liabilities	5,235	3,082	4,091	1,212
Long-Term Debt	2,379	2,732	1,857	178.61
Long-Term Leases	189.43	103.02	118.41	6.29
Long-Term Unearned Revenue	0.29	0.18	-	-
Pension & Post-Retirement Benefits	41.59	14.44	28.13	7.18
Long-Term Deferred Tax Liabilities	1,075	504.91	142.65	5.08
Other Long-Term Liabilities	323.68	300.7	284.61	118.26
Total Liabilities	9,244	6,737	6,523	1,527
Common Stock	250	250	67	67
Retained Earnings	11,994	8,819	4,143	1,332
Comprehensive Income & Other	1,008	676.13	444.87	-
Shareholders' Equity	13,253	9,745	4,655	1,399
Total Liabilities & Equity	22,497	16,482	11,177	2,926
Total Debt	3,298	3,307	2,341	223
Net Cash (Debt)	-2,320	-2,517	-1,624	-55.97
Net Cash Per Share	-9.28	-10.07	-6.50	-0.22
Filing Date Shares Outstanding	250	250	250	250
Total Common Shares Outstanding	250	250	250	250
Working Capital	2,166	2,827	1,155	367.24
Book Value Per Share	53.01	38.98	18.62	5.59
Tangible Book Value	11,546	8,408	3,214	1,216
Tangible Book Value Per Share	46.18	33.63	12.86	4.87
Buildings	-	17.09	17.09	3.94
Machinery	-	27.51	26.17	4.9
Construction In Progress	-	3.57	-	-

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