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30. JOINT VENTURES
Summarized financial information in respect of the Group’s material joint ventures is set out below. The summarized financial information below represents amounts shown in the joint
venture’s financial statements prepared in accordance with IFRS.
Borusan Enerji
Borusan Manheim
Current assets
14,291,184
1,976,663
Non-current assets
279,780,233
2,570,093
Current liabilities
(23,609,069)
(2,376,793)
Non-current liabilities
(154,352,435)
(25,635)
Total
116,109,913
2,144,328
The above amounts of assets and liabilities include the following:
Cash and cash equivalents
10,534,932
1,716,466
Current financial liabilities
(excluding trade and other payables and provisions)
(14,809,486)
(1,023,587)
Non-current financial liabilities
(151,089,739)
-
(excluding trade and other payables and provisions)
31 December 2014
Borusan Enerji
Borusan Manheim
Current assets
28,015,488
2,089,587
Non-current assets
210,090,739
2,281,421
Current liabilities
(69,279,169)
(3,214,002)
Non-current liabilities
(73,556,662)
(25,635)
Total
95,270,396
1,131,371
The above amounts of assets and liabilities include the following:
Cash and cash equivalents
25,404,322
1,985,738
Current financial liabilities
(excluding trade and other payables and provisions)
(56,267,059)
(1,712,619)
Non-current financial liabilities
(70,320,198)
-
(excluding trade and other payables and provisions)
31 December 2013
Borusan Enerji
Borusan Manheim
Net assets of the joint venture
232,220,126
5,404,918
Proportion of the Group’s ownership interest in the joint venture
50.00%
46.20%
Goodwill
1,022,898
-
Carrying amount of the Group’s interest in the joint venture
116,110,063
2,497,072
Borusan Enerji
Borusan Manheim
Net assets of the joint venture
190,540,792
2,448,855
Proportion of the Group’s ownership interest in the joint venture
50%
46.2%
Goodwill
1,022,898
-
Carrying amount of the Group’s interest in the joint venture
95,270,396
1,131,371
31 December 2014
31 December 2013
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)