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BORUSAN HOLDİNG ANONİM ŞİRKETİ

AND ITS SUBSIDIARIES

TABLE OF CONTENTS

Independent Auditor’s Report........................................................................................................... 81

Consolidated Statement of Financial Position.............................................................................82-83

Consolidated Statement of Profit or Loss and Other Comprehensive Income. ............................... 84

Consolidated Statement of Changes in Equity ................................................................................ 85

Consolidated Statement of Cash Flows......................................................................................86-87

Notes to the Consolidated Financial Statements........................................................... 88-152