IST:ARFYE Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021	FY 2020
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	33.96	44.79	0.03
Short-Term Investments	0.27	0.04	0
Cash & Short-Term Investments	34.24	44.83	0.04
Cash Growth	-23.63%	123877.35%	-
Accounts Receivable	214.7	149.89	-
Other Receivables	0.06	0	0.01
Receivables	214.76	149.9	0.01
Inventory	6.19	1.14	0.2
Other Current Assets	1.5	1.02	0.2
Total Current Assets	256.69	196.89	0.44
Property, Plant & Equipment	401.01	271.14	137.7
Other Intangible Assets	0.18	0.03	0
Long-Term Accounts Receivable	41.13	-	-
Other Long-Term Assets	18.52	13.41	10.85
Total Assets	717.54	481.47	149
Accounts Payable	10.81	1.32	17.89
Accrued Expenses	2.23	0.91	0.31
Short-Term Debt	13.08	3.85	4.6
Current Portion of Long-Term Debt	32.71	24.58	12.46
Current Income Taxes Payable	2.55	6.04	-
Current Unearned Revenue	4.11	1.77	-
Other Current Liabilities	13.13	9.64	0.17
Total Current Liabilities	78.62	48.12	35.42
Long-Term Debt	94	87.55	65.25
Pension & Post-Retirement Benefits	0.24	0.04	0.03
Long-Term Deferred Tax Liabilities	59.97	32.89	0.71
Other Long-Term Liabilities	40.08	18.23	24.22
Total Liabilities	272.92	186.82	125.64
Common Stock	105.24	105.24	2
Additional Paid-In Capital	72.26	32.26	13.06
Retained Earnings	105.11	100.1	-1.72
Comprehensive Income & Other	162.01	57.05	10.02
Shareholders' Equity	444.62	294.65	23.36
Total Liabilities & Equity	717.54	481.47	149
Total Debt	139.8	115.98	82.31
Net Cash (Debt)	-105.56	-71.15	-82.28
Net Cash Per Share	-1.00	-1.73	-41.14
Filing Date Shares Outstanding	110.5	41.2	2
Total Common Shares Outstanding	110.5	41.2	2
Working Capital	178.06	148.77	-34.98
Book Value Per Share	4.02	7.15	11.68
Tangible Book Value	444.44	294.62	23.36
Tangible Book Value Per Share	4.02	7.15	11.68
Land	2.04	0.63	1.27
Machinery	353.63	252.01	136.11
Construction In Progress	59.01	22.76	-
Leasehold Improvements	0.45	0.3	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.