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English
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oda_ValuationReport|
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Hayır (No)
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Hayır (No)
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-
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Asal Gayrimenkul Değerleme ve Danışmanlık A.Ş.
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The 2023 Valuation Report of Pendik Land
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25.03.2024
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The "Pendik Land" owned by our subsidiary Poliport, located at Yayalar Zone 10724 Block 2nd Plot, 10723 Block 3rd Plot, and 10723 Block 4th Plot in Pendik District, and also at Şeyhli District Örenler Zone 10722 Block 2nd Plot jointly owned by Poliport and Polisan Holding is accounted as investment property in our company's consolidated financial statements. The revaluation of Pendik Land for year 2023 was carried out by Asal Gayrimenkul Değerleme ve Danışmanlık A.Ş., a real estate appraisal company Licensed by the Capital Markets Board. In the mentioned valuation report, the market value of the Pendik Land has been determined as TL 2,673,650,000.
According to the Capital Markets Board Decision dated December 28, 2023, and numbered 81/1820, starting with the annual financial reports for the accounting period ending on 31 December 2023, it has been decided to apply inflation accounting in accordance with the Turkish Accounting Standard 29, Financial Reporting in Hyperinflationary Economies" (TAS 29). In accordance with TAS 29, the inflationary index obtained from the Consumer Price Index published by the Turkish Statistical Institute ('TUIK') is used in the inflationary accounting calculation. The value of the said investment property in our financial statements as of December 31, 2022, which was TL 1,210,980,000, is calculated as TL 1,995,422,740 using the 2023 index.
It is respectfully announced to the public.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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