XML 19 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statement of Cash Flows - TRY (₺)
₺ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Profit for the year from      
Profit/ (loss) for the year ₺ 4,174,749 ₺ 4,330,581 ₺ 4,508,466
Adjustments for:      
Depreciation and impairment of property, plant and equipment and investment properties 9,124,265 8,600,925 7,790,049
Amortization of intangible assets and right of use assets 12,235,439 11,954,682 10,957,860
Impairment on property, plant and equipment and intangible asset 237,670 19,545 10,289
Net finance expense 2,178,925 1,732,481 2,318,204
Fair value adjustments to derivatives 346,445 (4,942,257) (5,238,034)
Income tax expense (1,615,297) 572,320 919,742
Gain on sale of property, plant and equipment 22,714 (57,506) 187,762
Effects of exchange rate changes and inflation adjustments 4,375,370 18,815,873 (385,138)
Provisions 1,753,070 2,865,254 2,939,921
Share of (profit)/loss of associates and joint ventures (316,934) (116,101) 20,934
Fair value adjustments to financial assets through profit or loss (1,055,227)    
Loss on sale of subsidiary     3,100
Non-cash other adjustments 104,634 89,796 27,091
Cash flows from (used in) operations before changes in working capital 31,565,823 43,865,593 24,060,246
Change in trade receivables 485,683 954,685 (270,084)
Change in due from related parties 211,525 (250,873) (24,577)
Change in receivables from financial services (2,162) 897,930 1,806,462
Change in inventories 158,317 11,881 (2,839)
Change in other current assets (227,226) 242,528 1,533,444
Change in other non-current assets (65,197) 192,449 (134,924)
Change in due to related parties 134,476 11,586 58,492
Change in trade and other payables (1,397,930) (977,994) 436,834
Change in other non-current liabilities (5,101) 695,277 319,237
Change in employee benefit obligations (67,528) (102,752) (52,324)
Change in short term contract asset 52,733 269,879 219,967
Change in long term contract asset 43,836 175,495 (260,022)
Change in deferred revenue (79,902) (59,617) 119,644
Change in short term contract liability (64,525) 59,635 (163,307)
Change in long term contract liability 26,881 (4,520) 53,583
Changes in other working capital (892,578) (1,990,738) (1,316,051)
Cash generated from operations 29,877,125 43,990,444 26,383,781
Interest paid (3,606,980) (3,665,559) (3,843,586)
Income tax paid (810,536) (1,389,782) (1,540,121)
Net cash inflow from operating activities 25,459,609 38,935,103 21,000,074
Cash flows from investing activities:      
Acquisition of property, plant and equipment (9,184,716) (10,902,588) (8,481,442)
Acquisition of intangible assets (6,768,565) (8,153,856) (7,233,036)
Proceeds from sale of property, plant and equipment 731,901 412,482 144,946
Payment for acquisition of subsidiary, net of cash acquired   (142,426)  
Payments for advances given for acquisition of property, plant and equipment (1,058,793) (211,769) (1,058,793)
Contribution of increase of share capital in joint ventures/associates (615,562) (979,902) (187,150)
Cash inflows from sale of shares or borrowing instruments of other enterprises or funds 1,193,060 1,393,100 2,296,553
Cash outflows from purchase of shares or borrowing instruments of other enterprises or funds (1,193,022) (2,080,484) (2,326,912)
Cash inflows/(outflows) from financial assets at amortized cost (857,389) 479,010 (15,082)
Cash outflows from financial assets at fair value through profit or loss (3,739,959)    
Interest received 2,450,396 2,464,840 2,315,988
Net cash outflow from investing activities (19,042,649) (17,721,593) (14,544,928)
Cash flows from financing activities:      
Proceeds from derivative instruments 3,618,023 3,627,908 4,986,718
Repayments of derivative instruments (3,195,149) (3,452,123) (1,841,164)
Proceeds from issues of loans and borrowings 32,250,009 26,188,047 55,229,867
Proceeds from issues of bonds 2,714,215 386,103 1,189,479
Repayments of borrowings (27,099,993) (25,108,669) (63,331,356)
Repayments of bonds (2,163,225) (285,638) (1,095,499)
Dividends paid to shareholders (1,440,266) (5,439,443) (1,864,750)
Dividends paid to non-controlling interest in subsidiaries     (73,446)
Acquisition of treasury shares     (25,030)
Payments of lease liabilities (2,616,074) (3,313,449) (3,129,580)
Net cash outflow from financing activities 2,067,540 (7,397,264) (9,954,761)
Net increase in cash and cash equivalents 8,484,500 13,816,246 (3,499,615)
Cash and cash equivalents at 1 January 30,601,235 26,513,031 26,229,008
Effects of exchange rate changes and inflation adjustments on cash and cash equivalents (13,125,061) (9,728,042) 3,783,638
Cash and cash equivalents at 31 December ₺ 25,960,674 ₺ 30,601,235 ₺ 26,513,031