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30. JOINT VENTURES
(continued)
1 January-
1 January-
31 December 2014
31 December 2013
The movement of Joint Ventures is as follows: Beginning of the period - 1 January
96,401,767
91,861,734
Shares of profit/(loss)
(13,647,526)
(20,125,604)
Contribution to capital increase in Joint Ventures
35,500,000
24,665,637
End of the period - 31 December
118,254,241
96,401,767
Borusan Enerji
Borusan Manheim
Revenue
20,571,895
3,823,832
Profit or loss from continuing operations
(14,667,360)
1,019,986
Post-tax profit (loss) from discontinued operations
-
-
Profit or loss for the year
(14,667,360)
1,019,986
Other comprehensive income for the year
-
-
Total comprehensive income for the year
(14,667,360)
1,019,986
Dividends received from the joint venture during the year
-
-
The above profit (loss) for the year include the following:
-
-
Selling, general and administrative expenses
(6,348,633)
(2,593,699)
Other operating (expense)/income, net
(81,702)
66,654
Financial (expense)/income,net
(8,424,327)
145,907
Borusan Enerji
Borusan Manheim
Revenue
15,264,576
3,442,435
Profit or loss from continuing operations
(20,890,755)
765,151
Post-tax profit (loss) from discontinued operations
-
-
Profit or loss for the year
(20,890,755)
765,151
Other comprehensive income for the year
-
-
Total comprehensive income for the year
(20,890,755)
765,151
Dividends received from the joint venture during the year
-
-
The above profit (loss) for the year include the following:
Selling, general and administrative expenses
(10,405,381)
(2,172,001)
Other operating (expense)/income, net
(1,198,582)
2,297
Financial income /(expense),net
(6,803,722)
2,218
1 January-31 December 2014
1 January-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)