KAMUYU AYDINLATMA PLATFORMU FENİŞ ALÜMİNYUM SANAYİ VE TİCARET A.Ş. Financial Report 2016-2. 3 Monthly Notification General Information About Financial Statements
Independet Audit Comment Independent Audit Company Audit Type Audit Result DEĞER BAĞIMSIZ DENETİM VE YEMİNLİ MALİ MÜŞAVİRLİK A.Ş. Limited Avoiding Commenting FENİŞ ALÜMİNYUM SANAYİ VE TİCARET A.Ş. Yönetim Kurulu Başkanlığı'na FENİŞ ALÜMİNYUM SANAYİ VE TİCARET A.Ş.'NİN 1 OCAK - 30 HAZİRAN 2016 ARA HESAP DÖNEMİNE AİT SINIRLI DENETİM RAPORU 1. Giriş FENİŞ ALÜMİNYUM SANAYİ VE TİCARET A.Ş.'nin ("Şirket") 30 Haziran 2016 tarihli ilişikteki finansal durum tablosunun ve aynı tarihte sona eren altı aylık dönemine ait ilgili kar veya zarar ve diğer kapsamlı gelir tablosunun, özkaynak değişim tablosunun ve nakit akış tablosunun sınırlı denetimini yürütmüş bulunuyoruz. Şirket yönetimi, söz konusu ara dönem finansal bilgilerin Türkiye Muhasebe Standardı 34'e ("TMS 34") "Ara Dönem Finansal Raporlama" 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. 2. 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 vakıf olabileceğine ilişkin bir güvence sağlamamaktadır. Bu sebeple, bir bağımsız denetim görüşü bildirmemekteyiz. 3. Sonuç Bildirememenin Dayanakları 3.1. İlişikteki finansal tablolar, işletmenin sürekliliği ilkesine göre hazırlanmıştır. Ancak Şirket, yönetimi, 2013/Eylül ayında ilan edilen ve cari dönemde devam eden faaliyetsizlik halini gelecek 12 ay içinde ortadan kardıracak veya iyileştirecek somut bir planı kamuya veya dipnotlarda açıklamamıştır. Dolayısıyla, işletmenin sürekliliği varsayımını tehdit eden olaylardaki belirsizlik hali cari dönemde de devam etmektedir. 3.2. Şirket, Feniş Şirketler Topluluğu'nun cari hesaplarını ve bunlara ilişkin faiz gelir ve giderlerini önceki dönemlerde olduğu gibi ekli finansal tablolarda netleştirerek Feniş Ticaret A.Ş. cari hesabında sunmaktadır. Bu durum Türkiye Muhasebe Standartlarının netleştirme/mahsup ilkelerine uymadığından dolayı finansal tablolarda yer alan ilişkili şirketlerin cari hesaplarının sunumu ile ilgili düzeltme/sınıflandırma gerekli olabilecektir. 3.3. Not: 24'de belirtilen ve Feniş Şirketler Topluluğu adına Şirketin kullandığı kredilerden sadece Emlak Bankası ve Vakıflar Bankası kredileri önceki dönemde olduğu gibi kayıtlarda brüt olarak sunulmaktadır. Geçmiş dönemlerde ilişkili taraf cari hesapları ile netleştirilen kredilerin tutarı ve kalan bakiyeleri brüt olarak tespit edilemediği ve bankaların da doğrulama isteklerine şirket bazında Feniş Alüminyum Sanayi ve Ticaret A.Ş. olarak cevap vermediği için Şirketin finansal borçları brüt olarak sunulamamaktadır.
3.4. Şirketin önemli tutardaki ticari ve diğer alacakları, ticari ve diğer borçları, alınan avanslar (yurtiçi ve yurtdışı dahil) ve banka kredi bakiyelerinin mutabakat çalışması ilgili firmalar ve kişilerin dava ve icra talepleri nedeniyle yapılamamaktadır. Dolayısıyla yeterli denetim kanıtı elde edilemeyen bu hesaplar ile ilgili düzeltme/sınıflandırma gerekebilecektir. Ayrıca, verilen teminatlar ve müşterek borçlu müteselsil kefalet tutarları hakkında yeterli denetim kanıtı elde edilememiştir. 3.5. Şirketin, vergi ve SGK prim borçlarının temerrüt hali cari dönemde de devam etmektedir. (Not: 13) Finansal tablolara yansıtılan ve yansıtılmayan banka borçları haricindeki ticari borçlar, personel borçları, vergi ve SGK prim borçları finansal tablolarda bilanço tarihine kadar Şirketin hesapladığı faiz yükleri ile birlikte sunulmaktadır. Ancak, gerçekleşme halinde bu tutarlarda yukarı veya aşağı yönlü farklılıklar meydana gelebilecektir. 3.6. Şirketin, 09.09.2013 tarihinden sonra ortaya çıkan finansal darboğaz ve hammadde tedarikinden kaynaklanan hususlar nedeniyle üretim faaliyetlerini durdurması Feniş Şirketler Topluluğunu oluşturan şirketleri de olumsuz etkilemiş ve faaliyetlerin durmasına neden olmuştur. 3 ve 4 No'lu finansal tablo dipnotunda belirtilen ilişkili taraflardan faiz dahil alacakların vadesi oldukça geçmiş, ancak değer düşüklüğü karşılığı ayırılmamıştır. Mesleki muhakememize göre, Feniş şirketler topluluğundan olan alacakların mevcut şartlar altında tahsil edilememe ihtimali nedeniyle bu alacaklar için değer düşüklüğü karşılığı ayrılması gerektiği kanaatindeyiz. 3.7. Dipnot 29'da yer alan dava ve icra takiplerine ilişkin bilgiler şirket avukatının güncel duruma ilişkin verdiği bilgilerden oluşturulmuştur. Dava ve icra takiplerinin sonucuna göre tutarlar farklılık gösterebilecektir. Finansal tablolarda bunlara ilişkin ilave bir karşılık tutarı bulunmamaktadır. 4. Sonuç Bildirmekten Kaçınma Sınırlı denetimimize göre, Sonuç Bildirememenin Dayanakları paragrafında belirtilen hususların öneminden dolayı, tarafımızca sonuç bildirecek yeterli ve uygun denetim kanıtı elde edilemediği için FENİŞ ALÜMİNYUM SANAYİ VE TİCARET A.Ş.'nin 30.06.2016 tarihinde sona eren ara dönemine ait finansal tablolarına ilişkin herhangi bir sonuç bildirememekteyiz. 09 Ağustos 2016 DEĞER BAĞIMSIZ DENETİM VE YEMİNLİ MALİ MÜŞAVİRLİK A.Ş. A member of ECOVIS international YMM. Cafer TEZSEZEN Sorumlu Denetçi Büyükdere Caddesi No: 119/6 34349 Gayrettepe İstanbul
Statement of Financial Position (Balance Sheet) Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 30.06.2016 Previous Period 31.12.2015 Statement of Financial Position (Balance Sheet) Assets [abstract] CURRENT ASSETS Cash and cash equivalents 28 2.065 2.065 Trade Receivables 163.596.693 157.940.062 Trade Receivables Due From Related Parties 3 163.135.168 157.420.211 Trade Receivables Due From Unrelated Parties 3,4 461.525 519.851 Receivables 12.075.104 12.731.581 Receivables Due From Related Parties 3 11.586.336 12.242.813 Receivables Due From Unrelated Parties 3,5 488.768 488.768 Inventories 6 153.304 153.304 Prepayments 7 500 0 current assets 301.983 234.184 Current Assets Due From Related Parties 0 0 Current Assets Due From Unrelated Parties 14 301.983 234.184 SUB-TOTAL 176.129.649 171.061.196 Total current assets 176.129.649 171.061.196 NON-CURRENT ASSETS Receivables 4.986 4.986 Receivables Due From Related Parties 0 0 Receivables Due From Unrelated Parties 5 4.986 4.986 Property, plant and equipment 8 1.393.711 1.545.926 Machinery And Equipments 1.349.475 1.489.975 Fixtures and fittings 44.236 55.951 Deferred Tax Asset 21 2.242.299 2.231.153 Total non-current assets 3.640.996 3.782.065 Total assets 179.770.645 174.843.261 LIABILITIES AND EQUITY CURRENT LIABILITIES Current Borrowings 11.692.329 12.352.084 Current Borrowings From Unrelated Parties 11.692.329 12.352.084 Bank Loans 23 11.692.329 12.352.084 Trade Payables 4 32.593.537 32.206.713 Trade Payables to Related Parties 0 0 Trade Payables to Unrelated Parties 32.593.537 32.206.713 Employee Benefit Obligations 13 32.419.014 30.945.812 Payables 5 14.935.601 13.924.306 Payables to Related Parties 4.960.416 3.945.035 Payables to Unrelated Parties 9.975.185 9.979.271 SUB-TOTAL 91.640.481 89.428.915 Total current liabilities 91.640.481 89.428.915 NON-CURRENT LIABILITIES Total non-current liabilities 0 Total liabilities 91.640.481 89.428.915 EQUITY Equity attributable to owners of parent 88.130.164 85.414.346 Issued capital 15 50.447.572 50.447.572 Restricted Reserves Appropriated From Profits 15 4.016.704 4.016.704 Legal Reserves 4.016.704 4.016.704 Prior Years' Profits or Losses 15 30.950.070 33.368.080 Current Period Net Profit Or Loss 2.715.818-2.418.010 Total equity 88.130.164 85.414.346 Total Liabilities and Equity 179.770.645 174.843.261
Statement of Profit or Loss and Comprehensive Income Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 01.01.2016-30.06.2016 Previous Period 01.01.2015-30.06.2015 Current Period 3 Months 01.04.2016-30.06.2016 Previous Period 3 Months 01.04.2015-30.06.2015 Statement of Profit or Loss and Comprehensive Income PROFIT (LOSS) Revenue 16 0 39.896-41.466 15.731 Cost of sales 16 0-58.624 0 8.332 GROSS PROFIT (LOSS) FROM COMMERCIAL OPERATIONS 0-18.728-41.466 24.063 GROSS PROFIT (LOSS) 0-18.728-41.466 24.063 General Administrative Expenses 17-1.113.176-2.247.807-722.813-782.381 Marketing Expenses 17-6.727-7.001-3.658-3.018 Research and development expense 0 0 0 0 Income from Operating Activities 19 75.496 86.246 61.923 84.401 Expenses from Operating Activities 19-243.749-148.095 312.886 108.648 PROFIT (LOSS) FROM OPERATING ACTIVITIES -1.288.156-2.335.385-393.128-568.287 PROFIT (LOSS) BEFORE FINANCING INCOME (EXPENSE) -1.288.156-2.335.385-393.128-568.287 Finance income 21 7.081.557 5.953.775 3.445.088 3.064.583 Finance costs 21-3.088.729-6.805.943-2.222.309-3.850.569 PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX 2.704.672-3.187.553 829.651-1.354.273 Tax (Expense) Income, Continuing Operations 11.146-806.029 6.059-399.467 Deferred Tax (Expense) Income 22 11.146-806.029 6.059-399.467 PROFIT (LOSS) FROM CONTINUING OPERATIONS 2.715.818-3.993.582 835.710-1.753.740 PROFIT (LOSS) 2.715.818-3.993.582 835.710-1.753.740 Profit (loss), attributable to [abstract] Non-controlling Interests 0 0 0 0 Owners of Parent 2.715.818-3.993.582 835.710-1.753.740 Earnings per share [abstract] Earnings per share [line items] Basic earnings per share Diluted Earnings Per Share OTHER COMPREHENSIVE INCOME Comprehensive Income that will not be Reclassified to Profit or Loss Comprehensive Income That Will Be Reclassified to Profit or Loss 0 0 0 0 0 0 0 0 OTHER COMPREHENSIVE INCOME (LOSS) 0 0 0 0 TOTAL COMPREHENSIVE INCOME (LOSS) 2.715.818-3.993.582 835.710-1.753.740 Total Comprehensive Income Attributable to Non-controlling Interests 0 Owners of Parent 2.715.818-3.993.582 835.710-1.753.740
Statement of cash flows (Indirect Method) Presentation Currency Nature of Financial Statements TL Footnote Reference Current Period 01.01.2016-30.06.2016 Previous Period 01.01.2015-30.06.2015 Statement of cash flows (Indirect Method) CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES -1.744 377.557 Profit (Loss) 2.715.818-3.993.582 Profit (Loss) from Continuing Operations 2.715.818-3.993.582 Adjustments to Reconcile Profit (Loss) -2.711.153 2.438.910 Adjustments for depreciation and amortisation expense 8,9 147.193 175.042 Adjustments for Impairment Loss (Reversal of Impairment Loss) 95.250-69.141 Adjustments for Impairement Loss (Reversal of Impairment Loss ) of Receivables 4 95.250-69.141 Adjustments for Interest (Income) Expenses -2.844.071 852.333 Adjustments for Interest Income 21-2.844.071 852.333 Adjustments for unrealised foreign exchange losses (gains) -98.379 0 Adjustments for Tax (Income) Expenses 22-11.146 806.029 adjustments to reconcile profit (loss) 0 674.647 Changes in Working -6.409 1.932.229 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 Unrelated Party Receivables Related with Operations 4 156.892-9.812.156 98.566-9.813.162 58.326 1.006 5 0 12.050.113 0 12.050.113 Adjustments for decrease (increase) in inventories 6 0 58.624 Decrease (Increase) in Prepaid Expenses 7-500 -524 Adjustments for increase (decrease) in trade accounts payable 4-63.766-41.147 Increase (Decrease) in Trade Accounts Payables to Unrelated Parties -63.766-41.147 Increase (Decrease) in Employee Benefit Liabilities 13 126.055 173.595 Adjustments for increase (decrease) in other operating payables 5-153.205-396.224 Increase (Decrease) in Operating Payables to Unrelated Parties -153.205-396.224 Increase (Decrease) in Deferred Income 7-4.086-67.790 Adjustments for Increase (Decrease) in Working 14-67.799-32.262 Decrease (Increase) in Assets Related with Operations -67.799-32.262 Cash Flows from (used in) Operations -1.744 377.557 CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES 5.022 0 Proceeds from sales of property, plant, equipment and intangible assets 5.022 0 Proceeds from sales of property, plant and equipment 5.022 0 CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES -3.278-377.305 Repayments of borrowings -3.278-377.305 Loan Repayments -3.278-377.305 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES 0 252 Net increase (decrease) in cash and cash equivalents 0 252 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 2.065 8.931 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 2.065 9.183
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 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 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 15 50.447.572 2.429.968 4.658.259 30.296.557 34.954.816 87.832.356 0 87.832.356 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 1.586.736-28.709.821 30.296.557-1.586.736 0 0 0 Total Comprehensive Income (Loss) -3.993.582-3.993.582-3.993.582-3.993.582 Profit (loss) -3.993.582-3.993.582-3.993.582-3.993.582 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 01.01.2015-30.06.2015 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 50.447.572 4.016.704 33.368.080-3.993.582 29.374.498 83.838.774 83.838.774 Statement of changes in equity [abstract] Statement of changes in equity [line items] Equity at beginning of period 15 50.447.572 4.016.704 33.368.080-2.418.010 30.950.070 85.414.346 85.414.346 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 -2.418.010 2.418.010 0 Total Comprehensive Income (Loss) 2.715.818 2.715.818 2.715.818 2.715.818 Profit (loss) 2.715.818 2.715.818 2.715.818 2.715.818 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 01.01.2016-30.06.2016 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 50.447.572 4.016.704 30.950.070 2.715.818 33.665.888 88.130.164 0 88.130.164