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151

34. BALANCES AND TRANSACTIONS WITH RELATED PARTIES

(continued)

Transactions with related parties

1 January - 31 December 2014

Service obtained from

Sales to

Other expenses to

Finance income from

related parties

related parties

related parties

related parties

Borusan Kocabıyık Vakfı Kültür ve Sanat İktisadi İşletmesi

600,000

-

-

-

Borusan Sigorta

78,540

-

-

-

Sales to Personnel

-

2,528,798

-

-

678,540

2,528,798

-

-

1 January - 31 December 2013

Service obtained from

Sales to

Other expenses to

Finance income from

related parties

related parties

related parties

related parties

Borusan Kocabıyık Vakfı Kültür ve Sanat İktisadi İşletmesi

1,010,774

-

-

-

Borusan Sigorta

275,358

250,001

644,070

-

Sales to Personnel

-

3,225,516

-

-

Other

846,551

-

-

95,815

2,132,683

3,475,517

644,070

95,815

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)