[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_AmendmentOfFinancialStatementsAndOrNotesToFinancialStatementsAbstract|
Amendment of Financial Statements and/or Notes to Financial Statements
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Evet (Yes)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
18/04/2024
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_AccountingPeriodOfAmendedFinancialStatementOrFootnotes|
Accounting Period of Amended Financial Statement or Footnotes
01.01.2023 - 31.12.2023
oda_AmendedFinancialStatementOrFootnotes|
Amended Financial Statement or Footnotes
Balance Sheet and Income Statement for the period 01.01.2023 - 31.12.2023
oda_ReasonOfAmendment|
Reason Of Amendment
Correction of an unintentional mistake in the calculation and accounting of the deferred tax base resulting from the adjustments within the scope of IAS 29 in financial statements of for the 2023 accounting period of RWE&Turcas Güney Elektrik Üretim A.Ş., our 30% subsidiary and consolidated by equity method in our financial statements.
oda_EffectOfAmendmentOnNetProfitOrLoss|
Effect Of Amendment On Net Profit Or Loss
Related change increased the Net Profit of our Company, which was 369,088,621 TL reported on 18.04.2024 for the period of 01.01.2023 - 31.12.2023, by 457,285,548 TL to 826,374,169 TL.
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|
Our company shared its independently audited financial statements and footnotes covering the period 01.01.2023-31.12.2023 within the scope of the first implementation of IAS 29 "Financial reporting in hyperinflationary economies" ("IAS 29") with the public on 18 April 2024.

RWE&Turcas Güney Elektrik Üretim A.Ş., our 30% subsidiary and consolidated by equity method in our financial statements, has detected an unintentional mistake in the calculation and accounting of the deferred tax base resulting from the adjustments within the scope of IAS 29 in its financial statements for the 2023 accounting period. The effects of this unintentional mistake were corrected retrospectively in accordance with IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors" standard and reflected in the financial statements. Detailed information about the mentioned change and its effects on our Company's 2023 financial statements are presented in the Balance Sheet (in the 31 December 2023 - Restated column) and in Footnote 2.6 in our financial report covering the period 01.01.2024-31.03.2024 and published on 11 June 2024.

Abovementioned restatement has been made on financials of Turcas prepared according to International Financial Reporting Standards ("IFRS") as of 31.12.2023 and the Statutory Financials as of the same date has not changed. Pursuant to Resolution of Board of Directors dated 22.04.2024, it has been proposed not to distribute any dividend to shareholders as there isn't any "Net Distributable Profit" due to Previous Years Losses on Statutory Financials and the relevant proposal has been approved at the Ordinary General Assembly held at 15.05.2024. Therefore, the mentioned change does not affect Company's Statutory Financials and does not create any change on the issue of not distributing dividends in accordance with financial statements as of 31.12.2023.

Best regards,