XML 21 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statement of Cash Flows - TRY (₺)
₺ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Profit before income tax from      
Continuing operations ₺ 2,177,335 ₺ 2,037,759 ₺ 1,585,967
Discontinued operations     (42,164)
Profit before income tax including discontinued operations 2,177,335 2,037,759 1,543,803
Adjustments for:      
Depreciation and impairment of property, plant and equipment and investment properties 1,894,445 1,501,579 1,281,539
Amortization of intangible assets 2,393,529 1,095,401 921,812
Net finance (income)/expense 983,881 165,387 (117,598)
Fair value adjustments to derivatives (1,719,610) (562,562) (383,452)
Income tax expense 495,481 571,758 423,160
Gain on sale of property, plant and equipment (43,727) (33,837) (25,010)
Unrealized foreign exchange losses on operating assets 2,954,304 966,340 545,287
Provisions 796,520 980,040 197,543
Share of profits of discontinued operations     42,164
Share of equity accounted investees 87    
(Gain) on sale of subsidiary (110,308)    
Deferred revenue 54,391 131,486 (20,350)
Adjustments to reconcile profit (loss) 9,876,328 6,853,351 4,408,898
Change in trade receivables 273,110 613,404 1,197,053
Change in due from related parties (5,870) 1,107 7,514
Change in receivables from financial services (69,991) (1,931,538) (2,396,372)
Change in inventories (76,883) 27,871 (62,090)
Change in other current assets 53,957 (198,268) 643,444
Change in other non-current assets 142,133 15,012 78,770
Change in due to related parties 40,072 (4,099) 4,302
Change in trade and other payables (501,980) (507,043) (2,733,901)
Change in other non-current liabilities (242,384) (82,018) (14,477)
Change in employee benefit obligations (32,764) (18,627) 15,151
Change in short term contract asset (711,928)    
Change in long term contract asset (3,513)    
Change in short term contract liability 255,756    
Change in long term contract liability 131,598    
Changes in other working capital (981,764) (265,518) 29,286
Cash generated from operations 8,145,877 4,503,634 1,177,578
Interest paid (1,658,308) (909,881) (434,521)
Income tax paid (657,715) (492,487) (135,920)
Net cash inflow from operating activities 5,829,854 3,101,266 607,137
Cash flows from investing activities:      
Acquisition of property, plant and equipment (2,960,648) (2,937,195) (2,572,401)
Acquisition of intangible assets (2,264,912) (1,172,847) (855,097)
Proceeds from sale of property, plant and equipment 103,864 58,740 49,639
Proceeds from advances given for acquisition of property, plant and equipment (204,817) 205,580 (209,686)
Contribution of increase of share capital in joint ventures/associates (19,500)    
Proceeds from sale of subsidiary 118,528    
Payments for held to maturity investment   (11,992)  
Payment for financial asset at fair value through profit or loss 2,577    
Payment for financial asset at fair value through other comprehensive income (42,454)    
Interest received 731,793 553,066 610,837
Net cash outflow from investing activities (4,535,569) (3,304,648) (2,976,708)
Cash flows from financing activities:      
Dividends received for treasury share 9,399    
Capital decrease in subsidiaries     (9,000)
Proceeds from derivative instruments 1,054,345    
Repayments of derivative instruments (710,522)    
Proceeds from issues of loans and borrowings 44,341,070 24,102,643 9,381,318
Proceeds from issues of bonds 2,188,313 209,808 167,500
Repayment of borrowings (43,987,127) (22,265,088) (4,932,768)
Repayment of bonds (191,312) (379,660)  
Dividends paid to shareholders (1,900,000) (2,990,706)  
Dividends paid to non-controlling interest in subsidiaries (58,778) (60,222) (51,416)
Acquisition of treasury shares (94,620)   (65,607)
(Increase)/decrease in cash collateral related to loans (20,272) (183,518) 349,004
Payments of lease liabilities (1,164,879)    
Net cash (outflow)/inflow from financing activities (534,383) (1,566,743) 4,839,031
Net (decrease)/increase in cash and cash equivalents 759,902 (1,770,125) 2,469,460
Cash and cash equivalents at 1 January 4,712,333 6,052,352 2,918,796
Effects of exchange rate changes on cash and cash equivalents 1,947,004 430,106 664,096
Cash and cash equivalents at 31 December ₺ 7,419,239 ₺ 4,712,333 ₺ 6,052,352