TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY - 30 JUNE 2024
(CONVENIENCE TRANSLATION INTO
ENGLISH OF ORIGINALLY ISSUED IN TURKISH)
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONTENTS
PAGE | |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 1-2 |
CONSOLIDATED STATEMENT OF PROFIT OR LOSS | 3 |
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME | 4 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 5 |
CONSOLIDATED STATEMENT OF CASH FLOWS | 6-7 |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 8-76 |
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 30 JUNE 2024 AND 31 DECEMBER 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
30 June | 31 December | |||
ASSETS | Notes | 2024 | 2023 | |
Current Assets | ||||
Cash and cash equivalents | 5 | 66,889,955 | 47,099,794 | |
Financial investments | 6 | 657,551 | 8,847,561 | |
Trade receivables | 8,28 | 33,229,029 | 34,265,255 | |
− Due from related parties | 28 | 40,554 | 209,390 | |
− | Other trade receivables | 8 | 33,188,475 | 34,055,865 |
Other receivables | 1,943,696 | 1,262,075 | ||
− Due from related parties | 28 | 895,018 | - | |
− Other receivables from third parties | 1,048,678 | 1,262,075 | ||
Contract assets | 12 | 233,164 | 263,464 | |
Derivative financial assets | 9 | 397,528 | 823,442 | |
Inventories | 10 | 38,836,087 | 41,049,844 | |
Prepayments | 11 | 4,072,425 | 2,931,834 | |
Current tax assets | 406,813 | 333,869 | ||
Other current assets | 2,849,228 | 3,896,371 | ||
Total current assets | 149,515,476 | 140,773,509 | ||
Non-current assets | ||||
Financial investments | 6 | 2,571,394 | 1,270,877 | |
Trade receivables | 39 | 44 | ||
Other receivables | 48,840 | 32,386 | ||
Derivative financial assets | 9 | 899,099 | 1,574,505 | |
Investments accounted for using the equity method | 13 | 4,015,511 | 4,807,364 | |
Investment properties | 13,664,066 | 13,664,066 | ||
Property, plant, and equipment | 14 | 144,111,358 | 145,491,902 | |
Right of use assets | 15 | 2,987,406 | 3,192,963 | |
Intangible assets | 16,17 | 39,892,221 | 44,113,379 | |
− | Goodwill | 17 | 1,405,644 | 1,589,564 |
− | Other intangible assets | 16 | 38,486,577 | 42,523,815 |
Prepayments | 11 | 8,946,030 | 6,409,439 | |
Deferred tax assets | 26 | 2,426,875 | 1,870,065 | |
Other non-current assets | 4,167 | 42,597 | ||
Total non-current assets | 219,567,006 | 222,469,587 | ||
TOTAL ASSETS | 369,082,482 | 363,243,096 | ||
1
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 30 JUNE 2024 AND 31 DECEMBER 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
30 June | 31 December | |||
LIABILITIES | Notes | 2024 | 2023 | |
Current Liabilities | ||||
Short term borrowings | 7 | 24,191,416 | 36,153,648 | |
Short term portion of long-term borrowings | 7 | 9,369,168 | 12,813,344 | |
Trade payables | 8,28 | 17,085,896 | 21,107,972 | |
− Due to related parties | 28 | 572,567 | 674,689 | |
− Due to third parties | 8 | 16,513,329 | 20,433,283 | |
Liabilities for employee benefits | 19 | 1,161,421 | 1,224,886 | |
Other payables | 1,113,680 | 1,648,170 | ||
− Due to related parties | 28 | 49,040 | 66,166 | |
− Due to third parties | 1,064,640 | 1,582,004 | ||
Contract liabilities | 12 | 367,939 | 361,857 | |
Derivative instruments | 9 | 638,529 | 1,427,449 | |
Deferred income | 11 | 2,393,945 | 2,510,953 | |
Current income tax liabilities | 26 | 130,022 | 474,520 | |
Short term provisions | 18,19 | 3,124,362 | 2,249,555 | |
Other current liabilities | 3,351,970 | 3,253,178 | ||
Total current liabilities | 62,928,348 | 83,225,532 | ||
Non-current liabilities | ||||
Long term borrowings | 7 | 99,584,865 | 57,401,246 | |
Other payables | 116,500 | 123,338 | ||
Derivative instruments | 9 | 918,031 | 142,531 | |
Deferred income | 11 | 350,785 | 431,834 | |
Long term provisions | 19 | 6,252,595 | 6,609,276 | |
Deferred tax liabilities | 26 | 5,143,813 | 6,605,462 | |
Other non-current liabilities | 213,143 | 238,465 | ||
Total non-current liabilities | 112,579,732 | 71,552,152 | ||
Total liabilities | 175,508,080 | 154,777,684 | ||
EQUITY | ||||
Equity holders of the parent | 20 | 166,567,412 | 177,566,660 | |
Paid capital | 3,063,214 | 3,063,214 | ||
Adjustment to share capital | 34,161,009 | 34,161,009 | ||
Treasury shares (-) | (174,681) | (150,121) | ||
Share premiums (discount) | 1,115,032 | 1,115,032 | ||
Accumulated other comprehensive income/expense | ||||
not to be reclassified to profit or loss | 20,598,239 | 21,340,486 | ||
− | Gains/(losses) on revaluation and remeasurement | 20,598,239 | 21,340,486 | |
− Revaluation gain/(loss) on tangible assets | 20,340,859 | 21,033,757 | ||
− Gain/(loss) arising from defined benefit plans | 257,380 | 306,729 | ||
Accumulated other comprehensive income/expense | ||||
to be reclassified to profit or loss | (35,013,719) | (22,818,945) | ||
− | Currency translation differences | (17,514,086) | (8,521,483) | |
− | Hedge reserves | (17,499,633) | (14,297,462) | |
-Gains (Losses) on Cash Flow Hedges | (1,362,036) | (1,174,492) | ||
-Gains (Losses) on Hedges of Net Investment in Foreign Operations | (16,137,597) | (13,122,970) | ||
Restricted reserves | 10,623,712 | 10,623,712 | ||
Retained earnings | 127,266,148 | 108,875,936 | ||
Net profit or loss for the period | 4,928,458 | 21,356,337 | ||
Non-controlling interests | 27,006,990 | 30,898,752 | ||
Total equity | 193,574,402 | 208,465,412 | ||
TOTAL LIABILITIES AND EQUITY | 369,082,482 | 363,243,096 | ||
2
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS FOR THE PERIODS 1 JANUARY - 30 JUNE 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
1 January- | 1 January- | 1 April- | 1 April- | ||
30 June | 30 June | 30 June | 30 June | ||
Notes | 2024 | 2023 | 2024 | 2023 | |
Revenues | 21 | 85,792,490 | 103,568,225 | 41,797,093 | 50,931,450 |
Cost of Sales | 21 | (65,905,741) | (74,224,336) | (31,969,204) | (37,325,140) |
Gross profit/ (loss) from trading activity | 19,886,749 | 29,343,889 | 9,827,889 | 13,606,310 | |
General administrative expenses | 22 | (7,017,047) | (6,304,307) | (3,950,930) | (3,254,353) |
Marketing expenses | 22 | (14,008,073) | (13,640,211) | (6,867,778) | (6,953,308) |
Research and development expenses | 22 | (353,503) | (342,849) | (157,001) | (161,049) |
Other operating income | 23 | 4,470,912 | 12,261,103 | 1,093,167 | 9,992,242 |
Other operating expenses | 23 | (3,978,570) | (8,926,731) | (1,374,384) | (7,015,874) |
Share of profit (loss) from investments | |||||
accounted for using equity method | 13 | 833,894 | 722,135 | 371,521 | 442,697 |
Operating profit/ (loss) | (165,638) | 13,113,029 | (1,057,516) | 6,656,665 | |
Income from investing activities | 24 | 929,000 | 2,765,932 | 395,834 | 2,424,979 |
Expense from investing activities | 24 | (155,236) | (220,363) | (144,478) | (204,859) |
Impairment gain and reversal of impairment | |||||
loss determined in accordance with IFRS 9 | 24 | (68,746) | 45,153 | (85,128) | (12,895) |
Profit (Loss) before | |||||
financing income (expense) | 539,380 | 15,703,751 | (891,288) | 8,863,890 | |
Financial income | 25 | 11,153,350 | 13,305,464 | 5,765,652 | 10,109,522 |
Financial expenses | 25 | (14,794,872) | (13,948,738) | (8,110,494) | (9,687,562) |
Net Monetary Position Gains (Losses) | 7,480,528 | 4,838,611 | 2,606,302 | 741,149 | |
Profit (Loss) from | |||||
continuing operations, before tax | 4,378,386 | 19,899,088 | (629,828) | 10,026,999 | |
Tax (expense) income, continuing operations | 651,771 | (7,501,491) | 3,034,238 | (4,080,300) | |
− Current period tax (expense) / income | 26 | (342,925) | (2,069,001) | (75,325) | 108,893 |
− Deferred tax (expense) income | 26 | 994,696 | (5,432,490) | 3,109,563 | (4,189,193) |
Profit (Loss) | 5,030,157 | 12,397,597 | 2,404,410 | 5,946,699 | |
Attributable to: | |||||
− Non-controlling interest | 101,699 | 1,737,569 | 29,276 | 1,058,130 | |
− Equity holders of the parent | 4,928,458 | 10,660,028 | 2,375,134 | 4,888,569 | |
Earnings per share | 27 | 1.8016 | 3.7548 | 0.8682 | 1.7219 |
3
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME FOR THE PERIODS OF 1 JANUARY - 30 JUNE 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
1 January- | 1 January- | 1 April- | 1 April- | ||
30 June | 30 June | 30 June | 30 June | ||
Notes | 2024 | 2023 | 2024 | 2023 | |
Profit / (loss) for the Period | 5,030,157 | 12,397,597 | 2.404.410 | 5,946,699 | |
Other Comprehensive Income: | |||||
Items that will not be | |||||
reclassified to profit or loss | (786,003) | 632,374 | (267.211) | 1,413,348 | |
Gains (Losses) on revaluation of | |||||
property, plant and equipment | (837,530) | 626,044 | (255.565) | 1,527,036 | |
Gain / (loss) arising from defined benefit plans | (81,372) | 78,654 | (45.295) | 118,994 | |
Share of other comprehensive income of investments | |||||
accounted for using | equity method that will not be | ||||
reclassified to profit or loss | 1,920 | 10,602 | 104 | 9,353 | |
Taxes on items that will not be reclassified to profit or loss | 130,979 | (82,926) | 33.545 | (242,035) | |
Items that will be | |||||
reclassified to profit or loss | (15,806,294) | 867,277 | (7.088.270) | 16,507,677 | |
Currency translation differences | (12,778,224) | 12,339,530 | (6.441.606) | 24,935,142 | |
Other comprehensive income (loss) | |||||
related with cash flow hedges | 99,593 | (2,732,475) | (182.723) | (330,939) | |
Other comprehensive income (loss) related with | |||||
Hedged of net investments in foreign operation | (4,019,503) | (11,192,512) | (514.001) | (10,197,952) | |
Taxes on items that will be reclassified to profit or loss | 891,840 | 2,452,734 | 50,060 | 2,101,426 | |
Other comprehensive income/ (loss) | (16,592,297) | 1,499,651 | (7.355.481) | 17,921,025 | |
Total Comprehensive Income/ (loss) | (11,562,140) | 13,897,248 | (4.951.071) | 23,867,724 | |
Attributable to: | |||||
− Non-controlling interest | (3.553.577) | 5,581,086 | (2.014.959) | 9,458,189 | |
− Equity holders of parent | (8.008.563) | 8,316,162 | (2.936.112) | 14,409,535 | |
Earnings per share | 27 | (2.9276) | 2.9292 | (1.0733) | 5.0755 |
4
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE PERIODS 1 JANUARY - 30 JUNE 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
Other | Other | |||||||||||
Comprehensive | Comprehensive | |||||||||||
Inflation | Share | Income | Income | |||||||||
Adjustments | Premiums | will not be | will be reclassified | Attributable to | Non | |||||||
Issued | on | Treasury | or | reclassified | to profit | Restricted | Retained | Net Profit | Equity holders | Controlling | ||
Capital | Capital | Shares | Discounts | to profit or loss | or loss | Reserves | Earnings | or loss | of the parent | Interests | Equity | |
Balance at 1 January 2023 | 3,063,214 | 34,161,009 | (158,159) | 1,115,032 | 17,176,329 | (1,589,978) | 10,623,712 | 85,363,130 | 28,363,112 | 178,117,401 | 38,235,147 | 216,352,548 |
Transfer | - | - | - | - | - | - | - | 28,363,112 | (28,363,112) | - | - | - |
Total comprehensive income / (loss) | - | - | - | - | 618,796 | (2,962,662) | - | - | 10,660,028 | 8,316,162 | 5,581,086 | 13,897,248 |
Dividends paid | - | - | - | - | - | - | - | (3,782,840) | - | (3,782,840) | (1,705,680) | (5,488,520) |
Increase (decrease) through treasury | ||||||||||||
share transactions | - | - | 32,363 | - | - | - | - | 470,275 | - | 502,638 | - | 502,638 |
Transactions with non-controlling shareholders | - | - | - | 961 | (11,562) | - | - | (1,096,395) | - | (1,106,996) | (3,635,503) | (4,742,499) |
Balance at 30 June 2023 | 3,063,214 | 34,161,009 | (125,796) | 1,115,032 | 17,796,086 | (4,564,202) | 10,623,712 | 109,317,282 | 10,660,028 | 182,046,365 | 38,475,050 | 220,521,415 |
Other | Other | |||||||||||
Comprehensive | Comprehensive | |||||||||||
Inflation | Share | Income | Income | |||||||||
Adjustments | Premiums | will not be | will be reclassified | Attributable to | Non | |||||||
Issued | on | Treasury | or | reclassified | to profit | Restricted | Retained | Net Profit | Equity holders | Controlling | ||
Capital | Capital | Shares | Discounts | to profit or loss | or loss | Reserves | Earnings | or loss | of the parent | Interests | Equity | |
Balance at 1 January 2024 | 3,063,214 | 34,161,009 | (150,121) | 1,115,032 | 21,340,486 | (22,818,945) | 10,623,712 | 108,875,936 | 21,356,337 | 177,566,660 | 30,898,752 | 208,465,412 |
Transfer | - | - | - | - | - | - | - | 21,356,337 | (21,356,337) | - | - | - |
Total comprehensive income / (loss) | - | - | - | - | (742,247) | (12,194,774) | - | - | 4,928,458 | (8,008,563) | (3,553,577) | (11,562,140) |
Dividends paid | - | - | - | - | - | - | - | (2,338,249) | - | (2,338,249) | (338,185) | (2,676,434) |
Increase (decrease) through treasury | ||||||||||||
share transactions | - | - | (24,560) | - | - | - | - | (627,876) | - | (652,436) | - | (652,436) |
Balance at 30 June 2024 | 3,063,214 | 34,161,009 | (174,681) | 1,115,032 | 20,598,239 | (35,013,719) | 10,623,712 | 127,266,148 | 4,928,458 | 166,567,412 | 27,006,990 | 193,574,402 |
5
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE PERIODS 1 JANUARY - 30 JUNE 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
1 January- | 1 January- | |||
30 June | 30 June | |||
Notes | 2024 | 2023 | ||
A. CASH FLOWS FROM OPERATING ACTIVITIES | 6,641,983 | 16,170,883 | ||
Net profit/(loss) for the period | 5,030,157 | 12,397,597 | ||
Adjustments to reconcile profit/ (loss) | 1,481,803 | 13,648,232 | ||
− | Adjustments for depreciation and amortisation expense | 14,15,16 | 7,237,243 | 6,935,252 |
− Adjustments for Impairment Loss (Reversal of Impairment Loss) | 126,121 | (345,440) | ||
− | Adjustments for provisions | 1,700,117 | 1,529,787 | |
− Adjustments for Interest (Income) Expenses | 5,508,229 | 2,140,873 | ||
− Adjustments for unrealised foreign exchange losses (gains) | (5,575,230) | 1,834,822 | ||
− Adjustments for fair value losses (gains) | 448,471 | (2,698,955) | ||
− Adjustments for Undistributed Profits of Investments | ||||
accounted for Using Equity Method | 13 | (833,894) | (722,135) | |
− | Adjustments for Tax (Income) Expenses | 26 | (651,771) | 7,501,491 |
− | Adjustments for losses (gains) on disposal of non-current assets | 24 | (21,562) | 53,823 |
− Gains (losses) on net monetary position | (6,322,937) | (2,556,363) | ||
− Other adjustments to reconcile profit (loss) | (132,984) | (24,923) | ||
Changes in working capital | 933,764 | (8,294,252) | ||
− (Increases)/decreases in trade receivables adjustments | 3,508,227 | 6,122,819 | ||
− (Increases)/decreases in other receivables adjustments | 189,882 | (1,579,792) | ||
− (Increases)/decreases in contract assets adjustments | 30,300 | (176,000) | ||
− (Increases)/decreases in derivative financial assets | 1,109,661 | (72,702) | ||
− (Increases)/decreases in inventories adjustments | 2,247,832 | (5,096,493) | ||
− (Increases)/decreases in trade payables adjustments | (6,553,362) | (9,856,617) | ||
− (Increases)/decreases in contract liabilities adjustments | 6,082 | (112,676) | ||
− (Increases)/decreases in other payables adjustments | (280,315) | (945,753) | ||
− Other (increases)/decreases in net working capital adjustments | 675,457 | 3,422,962 | ||
Cash flows from operating activities | 7,445,724 | 17,751,577 | ||
− | Interest received | 660,359 | 687,114 | |
− Payments for the provisions for employee benefits | (349,279) | (774,156) | ||
− Taxes received / (paid) | (1,114,821) | (1,493,652) | ||
6
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE PERIODS 1 JANUARY - 30 JUNE 2024 AND 2023
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
1 January- | 1 January- | |||
30 June | 30 June | |||
Notes | 2024 | 2023 | ||
B. CASH FLOWS FROM INVESTING ACTIVITIES | (5,190,086) | (17,366,496) | ||
− | Cash outflows from additional share purchases in subsidiaries | - | (4,742,499) | |
− | Cash Outflows Arising from Purchase of Shares or | |||
Capital Increase of Associates and/or Joint Ventures | 13 | (434,648) | (409,044) | |
− | Cash Receipts from Sales of Equity or Debt Instruments of Other Entities | 618,359 | 1,963,778 | |
− | Cash Payments to Acquire Equity or Debt Instruments of Other Entities | (1,805,801) | (647,346) | |
− | Proceeds from sales of tangible and intangible assets | 161,328 | 328,830 | |
− | Purchase of tangible and intangible assets | 14,15 | (10,783,562) | (13,153,173) |
− | Cash advances made to other parties | 11 | (4,541,682) | (3,295,927) |
− | Repayments of advances given | 11 | 1,530,934 | 2,205,857 |
− | Interest received | 2,348,094 | 1,158,014 | |
− | Cash Outflows from Participation (Profit) Shares | |||
or Other Financial Instruments | - | (3,035,539) | ||
− | Cash Inflows flows from Participation (Profit) Shares | |||
or Other Financial Instruments | 7,315,730 | - | ||
− | Other inflows (outflows) of cash | 401,162 | 2,260,553 | |
C. | CASH FLOWS FROM FINANCING ACTIVITIES | 26,002,616 | (9,254,525) | |
− | Payments to Acquire Entity's Shares or Other Equity Instruments | (652,436) | (518,364) | |
− | Cash inflows to acquire entity's shares in subsidiaries | - | 1,021,002 | |
− | Proceeds from borrowings | 7 | 67,281,444 | 21,432,740 |
− | Payments of borrowings | 7 | (29,651,012) | (21,046,482) |
− | Payments of lease liabilities | 7 | (552,447) | (488,392) |
− | Dividends paid | (2,676,434) | (5,488,520) | |
− | Interest paid | (7,746,499) | (4,166,509) | |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | ||||
BEFORE CURRENCY TRANSLATION DIFFERENCES (A+B+C) | 27,454,513 | (10,450,138) | ||
D. EFFECT OF CURRENCY TRANSLATION DIFFERENCES ON CASH AND CASH | ||||
EQUIVALENTS | 1,528,882 | 3,459,777 | ||
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C+D+E) | 28,983,395 | (6,990,361) | ||
E. CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 47,085,221 | 51,876,943 | ||
F. EFFECT OF INFLATION ON CASH AND CASH | ||||
EQUIVALENTS | 5 | (9,339,908) | (8,565,977) | |
CASH AND CASH EQUIVALENTS AT THE | ||||
END OF THE PERIOD (A+B+C+D+E+F) | 5 | 66,728,708 | 36,320,605 | |
7
TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY - 30 JUNE 2024
(Amounts expressed in thousands of Turkish Lira ("TRY") in the terms of purchasing power of the TRY at 30 June 2024 unless otherwise indicated.)
1. In Group's Organization and Nature of Operations
Türkiye Şişe ve Cam Fabrikaları A.Ş. Group (the "Group") consists of a holding company, Türkiye Şişe ve Cam Fabrikaları A.Ş. (the "Company"), 56 subsidiaries, 1 joint venture 4 associates and 2 joint activities.
The Group consists of six operating segments including companies operating in architectural glass, industrial glass (automotive, white goods glasses, glass fiber) , glass packaging, glassware, chemicals ,energy and others (import, export, packaging waste recovery and non-hazardous waste recovery, production and sale of cast AZS refractory block for glass production, holding activities and insurance brokerage services), The Group's main area of activity is glass production, and it deals with complementary industrial and commercial operations for glass production, Additionally, the Group participates in management of various industrial and commercial companies.
The Group was established 88 years ago by Türkiye İş Bankası A.Ş. ("İş Bankası") in Turkey, being one of the largest Turkish private commercial banks, as of Türkiye Şişe ve Cam Fabrikaları A.Ş. Sosyetesi was founded with the title and registered with the trade registry on January 23, 1936. And the establishment was announced in the trade registry gazette on February 5, 1936.
Company's title has been registered as of Türkiye Şişe ve Cam Fabrikaları A.Ş. on April 25, 1973, and published in the trade registry gazette on May 10, 1973. The shares of the Company have been publicly traded on the Borsa İstanbul A.Ş. ("BIST"), formerly named as Istanbul Stock Exchange ("ISE"), since January 3, 1986, As of June 30, 2024, İş Bankası holds
51.06% of the shares and retains the control of the Group.
The Head Office and the Shareholder Structure of the Company
The Company is registered in Turkey and the contact information is as presented below:
Address | : İçmeler Mahallesi D-100 Karayolu Cad, No:44 A 34947, Tuzla / İstanbul / Türkiye | |||
Telephone | : + 90 850 206 50 50 | |||
Fax | : + 90 850 206 40 40 | |||
E-mail adress | : | scmuhasebe@sisecam.com | ||
Registered e-mail address (KEP) | : | sisecam@hs03.kep.tr | ||
E-mail address | : | infosisecam@sisecam.com | ||
National electronic notification address | : 25999-48162-55656 | |||
Website | : | http://www.sisecam.com.tr | ||
Address Code | : | 3640907410 | ||
Trade Registery Information of the Company | ||||
Registered at | : Istanbul Registry of Commerce Office | |||
Registry no | :21599 | |||
Central Legal Entity Information System | :0-8150-0344-7300016 | |||
Nace Code | : 70.10.01 primary and additionally 23.11.01, 23.13.01, 20.13.07, 35.11.19, 74.10.02 | |||
Legal Entity Identifier (LEI) | : | 789000KWOK751Q6R8875 | ||
Tax Authority | : | Büyük Mükellefler | ||
Tax Authority number | : | 8150034473 | ||
Personnel structure of the Group | ||||
30 June | 31 December | 30 June | ||
2024 | 2023 | 2023 | ||
Personnel (monthly paid) | 9,244 | 9,338 | 9,164 | |
Personnel (hourly paid) | 15,701 | 15,614 | 15,319 | |
24,945 | 24,952 | 24,483 | ||
1,138 employees included in the Group's total personnel structure is consisted of the personnel of joint ventures accounted under equity method (31 December 2023: 1,004 employees, 30 June 2023: 983 employees.).
8