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As previously announced in our Company's Public Disclosure dated 14.02.2022, share transfer of Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş. ("Turcas Kuyucak"), which was subject to Turcas Petrol's full consolidation, to AlbiomaSA had been completed.
Due to the mentioned share transfer, Turcas Kuyucak that was previously subject to consolidation via full consolidation method, will be evaluated within the scope of TFRS 5 and reported under "Fixed Assets Classified For Sale" and "Liabilities Belonging to Assets Classified For Sale" in the financial statements dated 31.12.2021. Due to the mentioned change of reporting method and consolidation of other subsidiaries of our Company via equity pick-up method, financial statements of Turcas Petrol A.Ş. will be announced in accordance with the unconsolidated financial report announcement dates.
Best regards, |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.