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Consolidated Statement of Cash Flows - TRY (₺)
₺ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Profit for the year from      
Continuing operations ₺ 2,504,254 ₺ 2,177,335 ₺ 2,037,759
Discontinued operations 772,436    
Profit for the year including discontinued operations 3,276,690 2,177,335 2,037,759
Adjustments for:      
Depreciation and impairment of property, plant and equipment and investment properties 2,199,830 1,894,445 1,501,579
Amortization of intangible assets 2,846,735 2,393,529 1,095,401
Net finance expense 1,442,773 983,881 165,387
Fair value adjustments to derivatives (570,204) (1,719,610) (562,562)
Income tax expense 785,630 495,481 571,758
(Gain) on sale of property, plant and equipment (47,169) (43,727) (33,837)
Unrealized foreign exchange losses on operating assets 1,832,636 2,954,304 966,340
Provisions 920,924 796,520 980,040
Share of equity accounted investees 15,712 87  
Adjustments to (earnings) due to disposal of assets held for sale (772,436)    
(Gain) on sale of subsidiary   (110,308)  
Non-cash other adjustments (15,557)    
Adjustments to reconcile profit (loss) 11,915,564 9,821,937 6,721,865
Change in trade receivables (881,333) 273,110 613,404
Change in due from related parties 10,025 (5,870) 1,107
Change in receivables from financial services 1,651,180 (69,991) (1,931,538)
Change in inventories 2,035 (76,883) 27,871
Change in other current assets (299,790) 53,957 (198,268)
Change in other non-current assets (38,112) 142,133 15,012
Change in due to related parties (33,135) 40,072 (4,099)
Change in trade and other payables 92,427 (501,980) (507,043)
Change in other non-current liabilities (8,122) (242,384) (82,018)
Change in employee benefit obligations (36,231) (32,764) (18,627)
Change in short term contract asset (223,146) (711,928)  
Change in long term contract asset (6,778) (3,513)  
Change in deferred revenue 45,402 54,391 131,486
Change in short term contract liability 34,652 255,756  
Change in long term contract liability 10,292 131,598  
Changes in other working capital (506,303) (981,764) (265,518)
Cash generated from operations 11,728,627 8,145,877 4,503,634
Interest paid (2,090,718) (1,658,308) (909,881)
Income tax paid (611,354) (657,715) (492,487)
Net cash inflow from operating activities 9,026,555 5,829,854 3,101,266
Cash flows from investing activities:      
Acquisition of property, plant and equipment (3,195,069) (2,960,648) (2,937,195)
Acquisition of intangible assets (2,821,111) (2,264,912) (1,172,847)
Proceeds from sale of property, plant and equipment 81,192 103,864 58,740
Proceeds from/(payments for) advances given for acquisition of property, plant and equipment 156,936 (204,817) 205,580
Contribution of increase of share capital in joint ventures/associates (38,000) (19,500)  
Proceeds from sale of subsidiary 2,219,644 118,528  
Payments for held to maturity investment     (11,992)
Cash inflows from financial asset at fair value through other comprehensive income 84,655    
Cash outflows from financial asset at fair value through other comprehensive income (369,591) (39,877)  
Interest received 854,018 731,793 553,066
Net cash outflow from investing activities (3,027,326) (4,535,569) (3,304,648)
Cash flows from financing activities:      
Dividends received for treasury share 7,380 9,399  
Proceeds from derivative instruments 1,924,363 1,054,345  
Repayments of derivative instruments (1,101,876) (710,522)  
Proceeds from issues of loans and borrowings 29,060,490 44,341,070 24,102,643
Proceeds from issues of bonds 311,649 2,188,313 209,808
Repayment of borrowings (31,297,901) (43,987,127) (22,265,088)
Repayment of bonds (225,794) (191,312) (379,660)
Dividends paid to shareholders (1,010,000) (1,900,000) (2,990,706)
Dividends paid to non-controlling interest in subsidiaries (125,027) (58,778) (60,222)
Acquisition of treasury shares (9,998) (94,620)  
(Increase)/decrease in cash collateral related to loans 204,077 (20,272) (183,518)
Payments of lease liabilities (1,215,320) (1,164,879)  
Net cash outflow from financing activities (3,477,957) (534,383) (1,566,743)
Net increase/(decrease) in cash and cash equivalents 2,521,272 759,902 (1,770,125)
Cash and cash equivalents at 1 January 7,419,239 4,712,333 6,052,352
Effects of exchange rate changes on cash and cash equivalents 298,204 1,947,004 430,106
Cash and cash equivalents at 31 December ₺ 10,238,715 ₺ 7,419,239 ₺ 4,712,333