KAMUYU AYDINLATMA PLATFORMU BEŞİKTAŞ FUTBOL YATIRIMLARI SANAYİ VE TİCARET A.Ş. Financial Report Consolidated 2016 2. 3 Monthly Notification General Information About Financial Statements
Independet Audit Comment Independent Audit Company Audit Type Audit Result GÜNEY BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. Limited Partial Positive Ara dönem finansal bilgilere ilişkin sınırlı denetim raporu Beşiktaş Futbol Yatırımları Sanayi ve Ticaret A.Ş. Yönetim Kurulu'na: Giriş Beşiktaş Futbol Yatırımları Sanayi ve Ticaret A.Ş. (Şirket)'nin ve bağlı ortaklıklarının (hep birlikte "Grup" olarak anılacaktır) 30 Kasım 2016 tarihli ilişikteki konsolide finansal durum tablosunun, aynı tarihte sona eren altı aylık dönemine ait konsolide kâr veya zarar ve diğer kapsamlı gelir tablosunun, konsolide özkaynaklar değişim tablosunun ve konsolide nakit akış tablosu ile önemli muhasebe politikalarının özetinin ve açıklayıcı dipnotlarının sınırlı denetimini yürütmüş bulunuyoruz. Grup yönetimi, söz konusu ara dönem finansal bilgilerin Türkiye Muhasebe Standardı 34, Ara Dönem Finansal Raporlama Standardı'na ("TMS 34") uygun olarak hazırlanmasından ve gerçeğe uygun bir biçimde sunumundan sorumludur. Sorumluluğumuz, yaptığımız sınırlı denetime dayanarak söz konusu ara dönem finansal bilgilere ilişkin bir sonuç bildirmektir. Sınırlı denetimin kapsamı Yaptığımız sınırlı denetim, Sınırlı Bağımsız Denetim Standardı (SBDS) 2410 "Ara Dönem Finansal Bilgilerin, İşletmenin Yıllık Finansal Tablolarının Bağımsız Denetimini Yürüten Denetçi Tarafından Sınırlı Bağımsız Denetimi"ne uygun olarak yürütülmüştür. Ara dönem finansal bilgilere ilişkin sınırlı denetim, başta finans ve muhasebe konularından sorumlu kişiler olmak üzere ilgili kişilerin sorgulanması ve analitik prosedürler ile diğer sınırlı denetim prosedürlerinin uygulanmasından oluşur. Ara dönem finansal bilgilerin sınırlı denetiminin kapsamı; Bağımsız Denetim Standartlarına uygun olarak yapılan ve amacı finansal tablolar hakkında bir görüş bildirmek olan bağımsız denetimin kapsamına kıyasla önemli ölçüde dardır. Sonuç olarak ara dönem finansal bilgilerin sınırlı denetimi, denetim şirketinin, bir bağımsız denetimde belirlenebilecek tüm önemli hususlara vâkıf olabileceğine ilişkin bir güvence sağlamamaktadır. Bu sebeple, bir bağımsız denetim görüşü bildirmemekteyiz. Şartlı sonucun dayanakları
1) Şirket'in 28 Aralık 2012 tarihinde yapılan 1 Haziran 2011 31 Mayıs 2012 faaliyet dönemine ait olağan genel kurul toplantısında 1 Haziran 2011 31 Mayıs 2012 dönemi faaliyetlerine ilişkin bilanço ve karzarar hesapları kabul ve tasdik edilmekle birlikte bahsi geçen dönemde görev alan yönetim kurulu başkanı ve üyelerinden bir kısmı ibra edilmemiştir. Söz konusu durumun ortaya çıkarabileceği sonuçların ilişikteki konsolide finansal tablolar üzerindeki etkisini tespit etmemiz mümkün olamamıştır. 2) Şirket, 31 Mayıs 2012 tarihinden önce futbolcu ve teknik direktör ücretleri için stopaj hesaplamamakta ve beyan etmemekteydi. 1 Haziran 2012 tarihinden itibaren ise Şirket, futbolcu ve teknik direktör ücretleri için stopaj hesaplamaya ve beyan etmeye başlamıştır. Bu kapsamda Şirket ilişikteki finansal tablolarında henüz vergi incelemesinden geçmediği 1 Haziran 2011 ile 31 Mayıs 2012 tarihleri arasındaki döneme ilişkin gerçekleşmiş ancak beyan edilmemiş futbolcu ve teknik kadro ücretlerine ilişkin 3.778.641 TL stopaj ve gecikme faizi karşılığı ayırmış olmakla beraber, ilişikteki finansal tablolar söz konusu vergilerin zamanında beyan edilmemesi sonucunda ortaya çıkması muhtemel vergi cezalarına ilişkin ilave bir karşılığı içermemektedir. Şartlı sonuç Sınırlı denetimimize göre, yukarıda şartlı sonucun dayanakları paragraflarında belirtilen hususlar nedeniyle ortaya çıkabilecek düzeltmelerin olası etkileri dışında, ilişikteki ara dönem konsolide finansal bilgilerin, tüm önemli yönleriyle, TMS 34'e uygun olarak hazırlanmadığı kanaatine varmamıza sebep olacak herhangi bir husus dikkatimizi çekmemiştir. Dikkat çekilen hususlar 1) İlişikteki finansal tablo dipnotu 2.5'te Grup'un 30 Kasım 2016 tarihi itibariyle kısa vadeli yükümlülüklerinin dönen varlıklarını 324.848.485 TL (31 Mayıs 2016 395.513.442 TL) aştığına ve 30 Kasım 2016 tarihi itibariyle geçmiş yıllar zararının 788.151.710 TL olarak gerçekleştiğine ve toplam özkaynaklarının negatif 521.174.684 TL olduğuna ve söz konusu durumun, Türk Ticaret Kanunu (TTK)'nun 376. Maddesi'ne göre de borca batıklık olarak değerlendirilmesi nedeniyle Şirket Yönetim Kurulu'nun TTK'nın 376. Maddesi'nde belirtilen tedbirleri alması gerektiğine ilişkin yaptığı açıklamalara dikkat çekmek isteriz. Bu şartlar, ilgili dipnotta açıklanan diğer hususlar ile birlikte, Şirket'in sürekliliğinin devamına ilişkin ciddi şüpheler oluşturabilecek önemli belirsizliklerin bulunduğunu göstermektedir. Sonucumuz bu konuya ilişkin ilave bir şart içermemektedir. 2) SPK'nın 28 Mart 2008 tarih 2008/13 sayılı haftalık bülteninde yayımlandığı üzere; faaliyet konusu sportif faaliyetler olan halka açık şirketlerin, ilişkili taraflara kullandırabileceği fonların toplam tutarının, bir önceki hesap dönemi karından söz konusu ilişkili tarafların tamamına dağıtılmasına karar verilen kar payının %50 'sinden fazlasını aşamayacağı hükmü getirilmiş olmakla beraber, ilişikteki 30 Kasım 2016 tarihli finansal durum tablosunda ve ayrıca 13 numaralı dipnotta açıklandığı üzere, Şirket'in 30 Kasım 2016 tarihi itibariyle ana ortağı olan Beşiktaş Jimnastik Kulübü Derneği'nden 189.232.415 TL (31 Mayıs 2016: 94.521.234 TL) tutarında ticari olmayan alacağı bulunduğuna ve bu alacağın takip eden dönemlerde nasıl kapatılacağına ilişkin yapmış olduğu açıklamalara dikkat çekmek isteriz. Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi A member firm of Ernst and Young Global Limited
Metin Canoğulları, SMMM Sorumlu Denetçi 18 Ocak 2017 İstanbul, Türkiye
Statement of Financial Position (Balance Sheet) Presentation Currency Nature of Financial Statements TL Consolidated Footnote Reference Current Period 30.11.2016 Previous Period 31.05.2016 Statement of Financial Position (Balance Sheet) Assets [abstract] CURRENT ASSETS Cash and cash equivalents 4 2.162.754 2.455.528 Financial Investments 8.062.810 24.617.338 Restricted Bank Balances 8.062.810 24.617.338 Trade Receivables 53.310.753 39.993.681 Trade Receivables Due From Related Parties 13 73.772 Trade Receivables Due From Unrelated Parties 53.310.753 39.919.909 Receivables 189.240.878 94.521.483 Receivables Due From Related Parties 13 189.232.415 94.521.234 Receivables Due From Unrelated Parties 8.463 249 Inventories 8 30.725.187 17.479.353 Prepayments 9 8.969.012 4.326.675 current assets 4.949.132 3.068.825 SUBTOTAL 297.420.526 186.462.883 Total current assets 297.420.526 186.462.883 NONCURRENT ASSETS Financial Investments 38 38 Trade Receivables 270.783 Trade Receivables Due From Unrelated Parties 270.783 Receivables 666.901 610.529 Receivables Due From Unrelated Parties 666.901 610.529 Property, plant and equipment 6 9.525.500 9.144.139 Intangible assets and goodwill 6 59.782.999 71.761.438 Prepayments 9 26.018.775 26.871.396 Deferred Tax Asset 801.855 505.223 Total noncurrent assets 96.796.068 109.163.546 Total assets 394.216.594 295.626.429 LIABILITIES AND EQUITY CURRENT LIABILITIES Current Borrowings 5 275.864.490 250.447.563 Current Portion of Noncurrent Borrowings 5 31.519.262 21.239.541 Trade Payables 134.290.992 127.054.039 Trade Payables to Unrelated Parties 134.290.992 127.054.039 Payables on Financial Sector Operations 0 0 Employee Benefit Obligations 95.869.138 108.926.663 Payables 598.028 408.233 Payables to Unrelated Parties 598.028 408.233 Deferred Income 44.923.464 44.244.864 Current tax liabilities, current 759.316 1.318.229 Current provisions 1.967.269 2.091.977 current provisions 1.967.269 2.091.977 Current Liabilities 36.477.052 26.245.216 SUBTOTAL 622.269.011 581.976.325 Total current liabilities 622.269.011 581.976.325 NONCURRENT LIABILITIES Long Term Borrowings 5 200.310.635 186.140.203 Trade Payables 1.890.119 3.172.245 Trade Payables To Unrelated Parties 1.890.119 3.172.245 Employee Benefit Obligations 67.774.558 46.521.733 Deferred Income 21.171.468 20.291.141 Noncurrent provisions 715.568 745.516 Noncurrent provisions for employee benefits 715.568 745.516 noncurrent liabilities 1.259.919 3.149.798 Total noncurrent liabilities 293.122.267 260.020.636 Total liabilities 915.391.278 841.996.961 EQUITY Equity attributable to owners of parent 521.174.684 546.370.532 Issued capital 240.000.000 240.000.000
Share Premium (Discount) 1.097.097 1.097.097 Accumulated Comprehensive Income (Loss) that will not be Reclassified in Profit or Loss 530.042 578.664 Gains (Losses) on Revaluation and Remeasurement 530.042 578.664 Gains (Losses) on Remeasurements of Defined Benefit Plans 530.042 578.664 Restricted Reserves Appropriated From Profits 1.262.745 1.158.813 Prior Years' Profits or Losses 788.151.710 729.384.412 Current Period Net Profit Or Loss 25.147.226 58.663.366 Total equity 521.174.684 546.370.532 Total Liabilities and Equity 394.216.594 295.626.429
Statement of Profit or Loss and Comprehensive Income Presentation Currency Nature of Financial Statements TL Consolidated Footnote Reference Current Period 01.06.2016 30.11.2016 Previous Period 01.06.2015 30.11.2015 Current Period 3 Months 01.09.2016 30.11.2016 Previous Period 3 Months 01.09.2015 30.11.2015 Statement of Profit or Loss and Comprehensive Income PROFIT (LOSS) Revenue 10 286.369.150 204.351.081 137.788.871 92.692.509 Cost of sales 10 188.672.479 171.284.461 108.511.107 84.258.672 GROSS PROFIT (LOSS) FROM COMMERCIAL OPERATIONS 97.696.671 33.066.620 29.277.764 8.433.837 GROSS PROFIT (LOSS) 97.696.671 33.066.620 29.277.764 8.433.837 General Administrative Expenses 6.592.725 5.620.243 3.558.722 2.659.054 Marketing Expenses 11.946.346 7.370.438 6.555.662 4.107.352 Income from Operating Activities 11 9.194.908 13.828.767 7.208.848 7.674.984 Expenses from Operating Activities 11 15.627.450 16.982.810 11.012.759 4.008.487 PROFIT (LOSS) FROM OPERATING ACTIVITIES 72.725.058 16.921.896 15.359.469 5.333.928 PROFIT (LOSS) BEFORE FINANCING INCOME (EXPENSE) 72.725.058 16.921.896 15.359.469 5.333.928 Finance income 16.208.804 5.495.872 8.121.007 3.515.715 Finance costs 62.514.745 46.380.083 36.459.493 16.689.549 PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX 26.419.117 23.962.315 12.979.017 7.839.906 Tax (Expense) Income, Continuing Operations 1.271.891 440.527 423.498 53.055 Current Period Tax (Expense) Income 1.574.307 208.573 725.914 162.331 Deferred Tax (Expense) Income 302.416 231.954 302.416 215.386 PROFIT (LOSS) FROM CONTINUING OPERATIONS 25.147.226 24.402.842 13.402.515 7.892.961 PROFIT (LOSS) 25.147.226 24.402.842 13.402.515 7.892.961 Profit (loss), attributable to [abstract] Noncontrolling Interests 0 0 0 Owners of Parent 25.147.226 13.402.515 7.892.961 Earnings per share [abstract] Earnings per share [line items] Basic earnings per share Basic Earnings (Loss) Per Share from Continuing Operations Pay Başı Kar 12 0,10480000 Pay Başı Zarar 12 0,10170000 0,05580000 0,03290000 Diluted Earnings Per Share OTHER COMPREHENSIVE INCOME Comprehensive Income that will not be Reclassified to Profit or Loss Gains (Losses) on Remeasurements of Defined Benefit Plans Taxes Relating To Components Of Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Taxes Relating to Remeasurements of Defined Benefit Plans Comprehensive Income That Will Be Reclassified to Profit or Loss 48.622 69.703 48.622 175.935 54.406 96.335 54.406 153.710 5.784 26.632 5.784 22.225 5.784 26.632 5.784 22.225 OTHER COMPREHENSIVE INCOME (LOSS) 48.622 69.703 48.622 175.935 TOTAL COMPREHENSIVE INCOME (LOSS) 25.195.848 24.333.139 13.353.893 8.068.896 Total Comprehensive Income Attributable to Noncontrolling Interests 0 0 0 0 Owners of Parent 25.195.848 24.333.139 13.353.893 8.068.896 0
Statement of cash flows (Indirect Method) Presentation Currency Nature of Financial Statements TL Consolidated Footnote Reference Current Period 01.06.2016 30.11.2016 Previous Period 01.06.2015 30.11.2015 Statement of cash flows (Indirect Method) CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES 67.281.493 5.138.556 Profit (Loss) 25.147.226 41.426.611 Adjustments to Reconcile Profit (Loss) 34.101.005 34.010.087 Adjustments for depreciation and amortisation expense 17.477.601 16.095.755 Adjustments for provisions 3.322.127 757.428 Adjustments for (Reversal of) Provisions Related with Employee Benefits 103.933 373.408 Adjustments for (Reversal of) Lawsuit and/or Penalty Provisions 124.708 1.583.621 Adjustments for (Reversal of) Provisions 3.301.352 452.785 Adjustments for Interest (Income) Expenses 28.321.180 25.481.747 Adjustments for Interest Income 11.004.753 2.490.934 Adjustments for interest expense 39.325.933 27.972.681 Adjustments for unrealised foreign exchange losses (gains) 15.543.766 28.464.280 Adjustments for Tax (Income) Expenses 1.271.891 440.527 Adjustments for losses (gains) on disposal of noncurrent assets 25.191.306 37.229.650 Changes in Working 8.033.262 12.555.080 Adjustments for decrease (increase) in trade accounts receivable Decrease (Increase) in Trade Accounts Receivables from Unrelated Parties Adjustments for Decrease (Increase) in Receivables Related with Operations Decrease (Increase) in Related Party Receivables Related with Operations Decrease (Increase) in Unrelated Party Receivables Related with Operations 13.453.477 10.467.531 13.453.477 10.467.531 10.819.919 2.947.443 3.854.302 3.737.949 14.674.221 790.506 Adjustments for decrease (increase) in inventories 13.490.336 5.280.049 Adjustments for increase (decrease) in trade accounts payable 5.954.827 21.442.166 Increase (Decrease) in Trade Accounts Payables to Unrelated Parties 5.954.827 21.442.166 Adjustments for increase (decrease) in other operating payables 20.469.430 10.541.530 Increase (Decrease) in Operating Payables to Unrelated Parties Adjustments for Increase (Decrease) in Working 20.469.430 10.541.530 2.267.101 733.593 Decrease (Increase) in Assets Related with Operations 2.133.220 477.501 Increase (Decrease) in Payables Related with Operations 133.881 256.092 Cash Flows from (used in) Operations 67.281.493 5.138.556 CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES 30.315.536 15.319.571 Proceeds from sales of property, plant, equipment and intangible assets 33.246.212 37.040.216 Proceeds from sales of property, plant and equipment 2.022 182.100 Proceeds from sales of intangible assets 33.244.190 36.858.116 Purchase of Property, Plant, Equipment and Intangible Assets 6 13.935.429 24.211.579 Purchase of property, plant and equipment 1.705.999 726.729 Purchase of intangible assets 12.229.430 23.484.850 Cash advances and loans made to other parties 0 0 Interest received 11.004.753 2.490.934 CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 97.889.803 20.746.002 Proceeds from borrowings 95.190.682 117.294.071 Repayments of borrowings 79.603.775 43.059.314 Decrease in Payables to Related Parties 11 94.713.855 74.291.739 Interest paid 18.762.855 20.689.020 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES 292.774 287.875 Net increase (decrease) in cash and cash equivalents 292.774 287.875 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 4 2.455.528 764.889 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 4 2.162.754 477.014
Statement of changes in equity [abstract] Presentation Currency Nature of Financial Statements TL Consolidated Equity Equity attributable to owners of parent [member] Footnote Reference Issued Inflation Adjustments on Balancing Account for Merger Additional Contribution Advance of Shareholders Treasury Shares Adjustments due to CrossOwnership Share premiums or discounts Effects of Combinations of Entities or Businesses Under Common Control Put Option Revaluation Fund Related with Noncontrolling Interests Share Based Payments Accumulated Gains (Losses) from Investments in Equity Instruments Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss Gains/Losses on Revaluation and Remeasurement [member] Increases ( Decreases) on Revaluation of Property, Plant and Equipment Increases ( Decreases) on Revaluation of Intangible Assets Gains (Losses) on Remeasurements of Defined Benefit Plans Revaluation Increases ( Decreases) Gains (Losses) Due to Change in Fair Value of Financial Liability Attributable to Change in Credit Risk of Liability Gains (Losses) on Hedging Instruments that Hedge Investments in Equity Instruments Share Of Comprehensive İncome Of Associates And Joint Ventures Accounted for Using Equity Method that will not be Reclassified to Profit or Loss Exchange Differences on Translation Reserves Of Gains ( Losses) Exchange Differences on Translation Reserve Of Gains or Losses on Hedge Cash Flow Hedges Gains or Losses on Hedges of Net Investment in Foreign Operations Gains or Losses on Hedge Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss Gains (Losses) on Revaluation and Reclassification Gains (Losses) on Remeasuring and/or Reclassification of Availableforsale Financial Assets Gains (Losses) from Financial Assets Measured at Fair Value through Comprehensive Income Reserve of Remeasuring or Reclassification Adjustments Change in Value of Time Value of Options Change in Value of Forward Elements of Forward Contracts Change in Value of Foreign Currency Basis Spreads Share of Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will be Reclassified to Profit or Loss Gains ( Losses ) Restricted Reserves Appropriated From Profits [member] equity interest [ member ] reserves [ member ] Advance Dividend Payments (Net) Retained Earnings Prior Years' Profits or Losses Net Profit or Loss Noncontrolling interests [ member] Statement of changes in equity [abstract] Statement of changes in equity [line items] Equity at beginning of period 240.000.000 1.097.097 449.692 974.088 Adjustments Related to Accounting Policy Changes Adjustments Related to Required Changes in Accounting Policies Adjustments Related to Voluntary Changes in Accounting Policies Adjustments Related to Errors 597.220.357 131.979.330 487.578.194 0 487.578.194 Restatements Restated Balances Transfers 184.725 132.164.055 131.979.330 Total Comprehensive Income (Loss) 69.703 24.402.842 24.333.139 0 24.333.139 Profit (loss) 24.402.842 24.402.842 0 24.402.842 Comprehensive Income (Loss) 69.703 69.703 0 69.703 Issue of equity Decrease Advance Effect of Merger or Liquidation or Division Effects of Business Combinations Under Common Control Advance Dividend Payments Previous Period 01.06.2015 30.11.2015 Dividends Paid Decrease through Distributions to Owners Increase (Decrease) through Treasury Share Transactions Increase (Decrease) through ShareBased Payment Transactions Acquisition or Disposal of a Subsidiary Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity Transactions with noncontrolling shareholders Increase through Contributions by Owners Amount Removed from Reserve of Cash Flow Hedges and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Time Value of Options and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Forward Elements of Forward Contracts and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Foreign Currency Basis Spreads and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which fair Value Hedge Increase (decrease) through other changes, equity Equity at end of period 240.000.000 1.097.097 379.989 1.158.813 Statement of changes in equity [abstract] 729.384.412 24.402.842 511.911.333 0 511.911.333 Statement of changes in equity [line items] Equity at beginning of period 240.000.000 1.097.097 578.664 1.158.813 Adjustments Related to Accounting Policy Changes Adjustments Related to Required Changes in Accounting Policies Adjustments Related to Voluntary Changes in Accounting Policies Adjustments Related to Errors 729.384.412 58.663.366 546.370.532 0 546.370.532 Restatements Restated Balances Transfers 103.932 58.767.298 58.663.366 Total Comprehensive Income (Loss) 48.622 25.147.226 25.195.848 0 25.195.848 Profit (loss) 25.147.226 25.147.226 0 25.147.226 Comprehensive Income (Loss) 48.622 48.622 0 48.622 Issue of equity Decrease Advance Effect of Merger or Liquidation or Division Effects of Business Combinations Under Common Control Advance Dividend Payments
Current Period 01.06.2016 30.11.2016 Dividends Paid Decrease through Distributions to Owners Increase (Decrease) through Treasury Share Transactions Increase (Decrease) through ShareBased Payment Transactions Acquisition or Disposal of a Subsidiary Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity Transactions with noncontrolling shareholders Increase through Contributions by Owners Amount Removed from Reserve of Cash Flow Hedges and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Time Value of Options and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Forward Elements of Forward Contracts and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Foreign Currency Basis Spreads and Included in Initial Cost or Carrying Amount of NonFinancial Asset (Liability) or Firm Commitment for which fair Value Hedge Increase (decrease) through other changes, equity Equity at end of period 240.000.000 1.097.097 530.042 1.262.745 788.151.710 25.147.226 521.174.684 0 521.174.684