130 / 147
135
For the year ended 31 December 2014, there is no profit or loss from discontinuing operations (2013: None)
31 December 2014
31 December 2013
Property, plant and equipment, and intangible assets, net
53,904,794
63,364,794
Other assets
573,199
573,199
Assets classified as held for sale
54,477,993
63,937,993
Borrowings
-
-
Liabilities associated with assets classified as held for sale
-
-
21. ASSETS CLASSIFIED AS HELD FOR SALE
As at 31 December 2014 assets classified as held for sale and liabilities associated with assets classified as held for sale is related with İzmit Plant of Borusan Mannesmann Boru.
Spiral welded pipe production facility with a capacity of 250,000 tons/ year which its investments started in Gemlik, has been put into use in 2012, completed its trial productions
successfully and has already started its commercial operations. It is aimed that taking advantage with the facility that costs a total of 110 million investments, in large diameter pipes
used in petroleum and natural gas pipelines’ markets in the way of waterfront strategic location, production elasticity, layout, production capacity and the technology is used.
The production activities in spiral welded pipe facility which was established in Yenidoğan neighborhood near Seka state hospital İzmit / Kocaeli was stopped as a result of newly
activated spiral welded production facility, Sekapark and the urban regeneration projects which are conducted by Kocaeli Metropolitan Municipality. In this direction, Gemlik facilities
which have new production opportunities became active and large diameter pipes which are strategically important for the Group are started to be manufactured.
The details of assets classified as held for sale, liabilities and expenses associated with assets classified as held for sale are as follows:
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)