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179
ERDEMİR GRUBU
2014 ANNUAL REPORT
EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
(Amounts are expressed as Turkish Lira (“TRY Thousand”) unless otherwise indicated.)
(Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish - See Note 34)
NOTE 32 - SUBSEQUENT EVENTS
According to the decision of İskenderun Demir ve Çelik A.Ş. Board of Directors, dated 12 January 2015 and numbered 333;
Within the frame of Turkish Commercial Code’s provisions related “becoming a shareholder”, according to the decision of The Board of
Directors of our subsidiary Iskenderun Demir ve Çelik A.Ş. (Isdemir), dated 24 March 2014 and numbered 314, it is decided to record the
7.120 people to Isdemir’s shareholders’ stock register. By reason of the fact that number of the shareholders becomes more than 500 as
of register date 24.03.2014, the Company applied to the Capital Markets Board (CMB) for approval of becoming a public company. The
approval of the Capital Markets Board was announced to the public on the Board’s Bulletin dated 27.06.2014 by CMB. In accordance
with the 2. paragraph of article 16 of Capital Markets Law and CMB’s “II-16.1 Communiqué on Principles Pertaining to Removal of
Corporations From The Scope of Law and Obligation of Trading of Shares on Exchange”; General Management is authorized for
applying to Borsa İstanbul A.Ş. and CMB and fulfilling the requirements to make its own shares tradable on Borsa İstanbul A.Ş. Free Trade
Platform in a certain period of time.
NOTE 33 - ADDITIONAL INFORMATION FOR CASH FLOW STATEMENTS
Details of changes in working capital for the periods between 1 January - 31 December 2014 and 1 January - 31 December 2013 are
as follows:
1 January-
1 January-
31 December 2014
31 December 2013
Current trade receivables
102.712
(466.576)
Inventories
412.375
(20.648)
Other short term receivables / current assets
(58)
(1.198)
Other long term receivables / non current assets
28.129
(24.673)
Current trade payables
(130.540)
(8.324)
Other short term payables / liabilities
30.885
22.291
Other long term payables / liabilities
10.472
(5.309)
453.975
(504.437)