KAMUYU AYDINLATMA PLATFORMU DERİMOD KONFEKSİYON AYAKKABI DERİ SANAYİ VE TİCARET A.Ş. Financial Report 216-4. 3 Monthly Notification General Information About Financial Statements
Independet Audit Comment Independent Audit Company Audit Type Audit Result DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. Continuous Positive BAĞIMSIZ DENETÇİ RAPORU DERİMOD KONFEKSİYON AYAKKABI DERİ SANAYİ VE TİCARET A.Ş. Yönetim Kurulu'na Finansal Tablolara İlişkin Rapor Derimod Konfeksiyon Ayakkabı Deri Sanayi ve Ticaret A.Ş.'nin ("Şirket") 31 Aralık 216 tarihli finansal durum tablosu ile aynı tarihte sona eren hesap dönemine ait kar veya zarar ve diğer kapsamlı gelir tablosu, özkaynaklar değişim tablosu, nakit akış tablosu ile önemli muhasebe politikalarını özetleyen dipnotlar ve diğer açıklayıcı notlardan oluşan ilişikteki finansal tablolarını denetlemiş bulunuyoruz. Yönetimin Finansal Tablolara İlişkin Sorumluluğu Şirket yönetimi; finansal tabloların Türkiye Muhasebe Standartları'na ("TMS") uygun olarak hazırlanmasından, gerçeğe uygun bir biçimde sunumundan ve hata veya hile kaynaklı önemli yanlışlık içermeyen finansal tabloların hazırlanmasını sağlamak için gerekli gördüğü iç kontrolden sorumludur. Bağımsız Denetçinin Sorumluluğu Sorumluluğumuz, yaptığımız bağımsız denetime dayanarak bu finansal tablolar hakkında görüş vermektir. Yaptığımız bağımsız denetim, Sermaye Piyasası Kurulu'nca yayımlanan Bağımsız Denetim Standartları'na ve Kamu Gözetimi Muhasebe ve Denetim Standartları Kurumu ("KGK") tarafından yayımlanan Türkiye Denetim Standartları'nın bir parçası olan Bağımsız Denetim Standartları'na uygun olarak yürütülmüştür. Bu standartlar, etik hükümlere uygunluk sağlanmasını ve bağımsız denetimin, finansal tabloların önemli yanlışlık içerip içermediğine dair makul güvence elde etmek üzere planlanarak yürütülmesini gerektirmektedir. Bağımsız denetim, finansal tablolardaki tutar ve açıklamalar hakkında denetim kanıtı elde etmek amacıyla denetim prosedürlerinin uygulanmasını içerir. Bu prosedürlerin seçimi, finansal tablolardaki hata veya hile kaynaklı "önemli yanlışlık" risklerinin değerlendirilmesi de dâhil, bağımsız denetçinin mesleki muhakemesine dayanır. Bağımsız denetçi, risk değerlendirmelerini yaparken, şartlara uygun denetim prosedürlerini tasarlamak amacıyla işletmenin finansal tablolarının hazırlanması ve gerçeğe uygun sunumuyla ilgili iç kontrolü değerlendirir, ancak bu değerlendirme, işletmenin iç kontrolünün etkinliğine ilişkin bir görüş verme amacı taşımaz. Bağımsız denetim, bir bütün olarak finansal tabloların sunumunun değerlendirilmesinin yanı sıra, işletme yönetimi tarafından kullanılan muhasebe politikalarının uygunluğunun ve yapılan muhasebe tahminlerinin makul olup olmadığının değerlendirilmesini de içerir. Bağımsız denetim sırasında temin ettiğimiz bağımsız denetim kanıtlarının, görüşümüzün oluşturulmasına yeterli ve uygun bir dayanak oluşturduğuna inanıyoruz. Görüş Görüşümüze göre, finansal tablolar, Derimod Konfeksiyon Ayakkabı Deri Sanayi ve Ticaret A.Ş.'nin 31 Aralık 216 tarihi itibarıyla finansal durumunu ve aynı tarihte sona eren hesap dönemine ait finansal performansını ve nakit akışlarını Türkiye Muhasebe Standartları'na uygun olarak tüm önemli yönleriyle gerçeğe uygun bir biçimde sunmaktadır.
Dikkat çekilen husus; Şirket'in 31 Aralık 216 tarihinde sona eren yıla ait satışlarının %92'si (31 Aralık 215: %97), ortak kontrol ve yönetim ilişkisi içinde olduğu Derimod Deri Konfeksiyon Pazarlama Sanayi ve Ticaret A.Ş. ("Derimod Pazarlama") ve Deri-Mod Ltd'ye ("Derimod Rusya") yapılmıştır. Mevzuattan Kaynaklanan Diğer Yükümlülüklere İlişkin Rapor 612 sayılı Türk Ticaret Kanunu'nun ("TTK") 398'inci maddesinin dördüncü fıkrası uyarınca düzenlenen Riskin Erken Saptanması Sistemi ve Komitesi Hakkında Denetçi Raporu 1 Mart 217 tarihinde Şirket'in Yönetim Kurulu'na sunulmuştur. TTK'nın 42'nci maddesinin dördüncü fıkrası uyarınca; Şirket'in 1 Ocak 31 Aralık 216 hesap döneminde defter tutma düzeninin, finansal tablolarının, TTK ile Şirket esas sözleşmesinin finansal raporlamaya ilişkin hükümlerine uygun olmadığına dair önemli bir hususa rastlanmamıştır. TTK'nın 42'nci maddesinin dördüncü fıkrası uyarınca; Yönetim Kurulu tarafımıza denetim kapsamında istenen açıklamaları yapmış ve talep edilen belgeleri vermiştir. DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. Member of DELOITTE TOUCHE TOHMATSU LIMITED Hasan Kılıç, SMMM Sorumlu Denetçi İstanbul, 1 Mart 217
Statement of Financial Position (Balance Sheet) Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 31.12.216 Previous Period 31.12.215 Statement of Financial Position (Balance Sheet) Assets [abstract] CURRENT ASSETS Cash and cash equivalents 4 24.417 398.961 Trade Receivables 192.991.751 155.441.538 Trade Receivables Due From Related Parties 7,23 191.871.661 154.391.971 Trade Receivables Due From Unrelated Parties 7 1.12.9 1.49.567 Receivables 6.862.931 6.1.952 Receivables Due From Related Parties 8,23 4.24.536 4.189.358 Receivables Due From Unrelated Parties 8 2.658.395 1.821.594 Inventories 9 8.3.726 9.482.33 Prepayments 1 6.615.779 8.921.426 Prepayments to Unrelated Parties 1 6.615.779 8.921.426 current assets 15 4.265.935 5.79.981 SUB-TOTAL 219.241.539 185.335.161 Total current assets 219.241.539 185.335.161 NON-CURRENT ASSETS Financial Investments 5 7.474 7.474 Receivables 8 29.446 29.741 Receivables Due From Unrelated Parties 8 29.446 29.741 Property, plant and equipment 11 16.587.633 14.167.96 Intangible assets and goodwill 12 3.86 19.94 Total non-current assets 16.979.359 14.549.115 Total assets 236.22.898 199.884.276 LIABILITIES AND EQUITY CURRENT LIABILITIES Current Borrowings 6 43.696.653 2.128.457 Current Portion of Non-current Borrowings 6 3.724.12 2.822.772 Trade Payables 125.844.92 19.495.297 Trade Payables to Unrelated Parties 7 125.844.92 19.495.297 Employee Benefit Obligations 14 552.86 652.615 Payables 37.674 64.655 Payables to Unrelated Parties 8 37.674 64.655 Current tax liabilities, current 21 49.443 386.287 Current provisions 3.342 23.573 Current provisions for employee benefits 14 3.342 23.573 SUB-TOTAL 174.565.22 115.78.656 Total current liabilities 174.565.22 115.78.656 NON-CURRENT LIABILITIES Long Term Borrowings 6 13.41.7 42.134.19 Trade Payables 1.971.991 2.77.625 Trade Payables To Unrelated Parties 1.971.991 2.77.625 Non-current provisions 1.69.275 987.235 Non-current provisions for employee benefits 14 1.69.275 987.235 Deferred Tax Liabilities 21 2.485.44 2.83.581 Total non-current liabilities 18.936.74 47.282.631 Total liabilities 193.51.96 163.63.287 EQUITY Equity attributable to owners of parent 42.718.938 36.82.989 Issued capital 16 5.4. 5.4. Inflation Adjustments on 16 496.828 496.828 Accumulated Comprehensive Income (Loss) that will not be Reclassified in Profit or Loss 12.767.988 1.25.574 Gains (Losses) on Revaluation and Remeasurement 16 12.931.937 1.411.335 Gains (Losses) -163.949-16.761 Restricted Reserves Appropriated From Profits 984.482 749.451 Prior Years' Profits or Losses 16 19.689.15 14.699.629 Current Period Net Profit Or Loss 3.38.535 5.224.57 Total equity 42.718.938 36.82.989 Total Liabilities and Equity 236.22.898 199.884.276
Statement of Profit or Loss and Comprehensive Income Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 1.1.216-31.12.216 Previous Period 1.1.215-31.12.215 Statement of Profit or Loss and Comprehensive Income PROFIT (LOSS) Revenue 17 29.292.934 24.473.66 Cost of sales 17-19.918.295-181.679.246 GROSS PROFIT (LOSS) FROM COMMERCIAL OPERATIONS 18.374.639 22.794.36 GROSS PROFIT (LOSS) 18.374.639 22.794.36 General Administrative Expenses 18-4.376.921-5.851.67 Marketing Expenses 18-9.87.15-7.538.446 Income from Operating Activities 19 23.783.17 15.938.895 Expenses from Operating Activities 19-15.192.476-11.629.461 PROFIT (LOSS) FROM OPERATING ACTIVITIES 13.51.397 13.713.741 Investment Activity Expenses -73.414 PROFIT (LOSS) BEFORE FINANCING INCOME (EXPENSE) 13.51.397 13.64.327 Finance costs 2-9.184.663-7.54.878 PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX 4.316.734 6.585.449 Tax (Expense) Income, Continuing Operations -936.199-1.36.942 Current Period Tax (Expense) Income 21-1.163.73-1.264.298 Deferred Tax (Expense) Income 21 227.531-96.644 PROFIT (LOSS) FROM CONTINUING OPERATIONS 3.38.535 5.224.57 PROFIT (LOSS) 3.38.535 5.224.57 Profit (loss), attributable to [abstract] Non-controlling Interests Owners of Parent 3.38.535 5.224.57 Earnings per share [abstract] Earnings per share [line items] Basic earnings per share Basic Earnings (Loss) Per Share from Continuing Operations Sürdürülen Faaliyetlerden Pay Başına Kazanç,6,1 Diluted Earnings Per Share OTHER COMPREHENSIVE INCOME Comprehensive Income that will not be Reclassified to Profit or Loss Gains (Losses) on Revaluation of Property, Plant and Equipment 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 Gains (Losses) on Revaluation of Property, Plant and Equipment Taxes Relating to Remeasurements of Defined Benefit Plans Comprehensive Income That Will Be Reclassified to Profit or Loss 2.517.414 441.35 11 3.15.753 889.56 14-3.985-337.763 21-629.354-11.258-63.151-177.811 797 67.553 OTHER COMPREHENSIVE INCOME (LOSS) 2.517.414 441.35 TOTAL COMPREHENSIVE INCOME (LOSS) 5.897.949 5.665.542 Total Comprehensive Income Attributable to Non-controlling Interests Owners of Parent
Statement of cash flows (Indirect Method) Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 1.1.216-31.12.216 Previous Period 1.1.215-31.12.215 Statement of cash flows (Indirect Method) CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES -4.82.351-4.73.864 Profit (Loss) 3.38.535 5.224.57 Profit (Loss) from Continuing Operations 3.38.535 5.224.57 Adjustments to Reconcile Profit (Loss) 4.269.85 4.526.51 Adjustments for depreciation and amortisation expense 11, 12 85.768 846.179 Adjustments for Impairment Loss (Reversal of Impairment Loss) 283.971 252.512 Adjustments for Impairement Loss (Reversal of Impairment Loss ) of Receivables Adjustments for Impairment Loss (Reversal of Impairment Loss) of Inventories 7 229.944 176.72 9 54.27 75.792 Adjustments for provisions 361.588-35.78 Adjustments for (Reversal of) Provisions Related with Employee Benefits 14 361.588-35.78 Adjustments for Interest (Income) Expenses 6.667.97 3.172.954 Adjustments for Interest Income 19-19.967-384.112 Adjustments for interest expense 2 9.34.63 6.523.455 Deferred Financial Expense from Credit Purchases 19 11.472.81 6.358.517 Unearned Financial Income from Credit Sales 19-13.818.99-9.324.96 Adjustments for Tax (Income) Expenses 21 936.199 1.36.942 Adjustments for losses (gains) on disposal of non-current assets 73.414 Adjustments for Losses (Gains) Arised From Sale of Tangible Assets 73.414 adjustments to reconcile profit (loss) 19-4.785.583-1.144.242 Changes in Working -15.526.664-17.376.884 Adjustments for decrease (increase) in trade accounts receivable Decrease (Increase) in Trade Accounts Receivables from Related Parties 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 -4.664.528-61.247.147-4.364.61-6.61.929-3.467-1.185.218 3.933.899 1.845.847-15.178-12.88 3.949.77 1.857.935 Adjustments for decrease (increase) in inventories 9 1.127.55-3.966.776 Decrease (Increase) in Prepaid Expenses 2.35.647-4.873.146 Adjustments for increase (decrease) in trade accounts payable 17.84.232 51.555.626 Increase (Decrease) in Trade Accounts Payables to Unrelated Parties 17.84.232 51.555.626 Increase (Decrease) in Employee Benefit Liabilities 14-1.529 27.31 Adjustments for increase (decrease) in other operating payables -26.981 31.875 Increase (Decrease) in Operating Payables to Unrelated Parties Adjustments for Increase (Decrease) in Working -26.981 31.875 814.46-993.464 Decrease (Increase) in Assets Related with Operations 814.46-993.464 Cash Flows from (used in) Operations -7.876.279-7.626.326 Interest paid -12.313.62-8.64.334 Interest received 16.723.328 11.893.4 Payments Related with Provisions for Employee Benefits 14-213.764-42.83 Income taxes refund (paid) -1.14.574-351.125 CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES -85.554 19.381 Proceeds from sales of property, plant, equipment and intangible assets 286.138 Proceeds from sales of property, plant and equipment 286.138 Purchase of Property, Plant, Equipment and Intangible Assets -85.554-266.757 Purchase of property, plant and equipment 11-85.554-266.757 CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 4.711.361 4.91.58 Proceeds from borrowings 28.418.194 54.815.251 Proceeds from Loans 28.418.194 29.815.251 Proceeds From Issue of Debt Instruments 25.. Repayments of borrowings -14.93.539-43.95.25 Loan Repayments -14.93.539-43.95.25
Interest paid -8.83.294-5.963.538 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES -194.544 19.25 Net increase (decrease) in cash and cash equivalents -194.544 19.25 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 398.961 28.936 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 24.417 398.961
Statement of changes in equity [abstract] Presentation Currency Nature of Financial Statements TL 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 Cross-Ownership Share premiums or discounts Effects of Combinations of Entities or Businesses Under Common Control Put Option Revaluation Fund Related with Non-controlling Interests Share Based Payments Accumulated Gains (Losses) from Investments in Equity Instruments Gains/Losses on Revaluation and Remeasurement [member] Increases ( Decreases) on Revaluation of Property, Plant and Equipment Increases ( Decreases) on Revaluation of Intangible Assets Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss 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 Available-for-sale 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 Non-controlling interests [ member] Statement of changes in equity [abstract] Statement of changes in equity [line items] Equity at beginning of period 16 5.4. 496.828 19.449 9.7.9 592.625 12.331.183 2.525.272 31.155.447 31.155.447 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 Restatements Restated Balances Transfers - 156.826 2.368.446 2.525.272 Total Comprehensive Income (Loss) -27.21 711.245 5.224.57 5.665.542 5.665.542 Profit (loss) Comprehensive Income (Loss) Issue of equity Decrease Advance Effect of Merger or Liquidation or Division Effects of Business Combinations Under Common Control Advance Dividend Payments Previous Period 1.1.215-31.12.215 Dividends Paid Decrease through Distributions to Owners Increase (Decrease) through Treasury Share Transactions Increase (Decrease) through Share-Based 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 Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Time Value of Options and Included in Initial Cost or Carrying Amount of Non-Financial 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 Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Foreign Currency Basis Spreads and Included in Initial Cost or Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which fair Value Hedge Increase (decrease) through other changes, equity Equity at end of period 5.4. 496.828-16.761 1.441.335 749.451 14.699.629 5.224.57 36.82.989 36.82.989 Statement of changes in equity [abstract] Statement of changes in equity [line items] Equity at beginning of period 16 5.4. 496.828-16.761 1.411.335 749.451 14.699.629 5.224.57 36.82.989 36.82.989 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 Restatements Restated Balances Transfers 235.31-4.989.476 5.224.57 Total Comprehensive Income (Loss) -3.188 2.52.62 3.38.535 5.897.949 5.897.949 Profit (loss) Comprehensive Income (Loss) Issue of equity Decrease Advance Effect of Merger or Liquidation or Division Effects of Business Combinations Under Common Control Advance Dividend Payments
Current Period 1.1.216-31.12.216 Dividends Paid Decrease through Distributions to Owners Increase (Decrease) through Treasury Share Transactions Increase (Decrease) through Share-Based 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 Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Time Value of Options and Included in Initial Cost or Carrying Amount of Non-Financial 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 Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge of Foreign Currency Basis Spreads and Included in Initial Cost or Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which fair Value Hedge Increase (decrease) through other changes, equity Equity at end of period 5.4. 496.828-163.949 12.931.937 984.482 19.689.15 3.38.535 42.718.938 42.718.938