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Table 8 Mega metallurgy power projected balance sheet (in dollars)

From: Impact of the Clean Development Mechanism on wind energy investments in Turkey

MMP balance sheet ($)

31.12.2012

31.12.2013

31.12.2014

31.12.2015

31.12.2016

31.12.2017

31.12.2018

31.12.2019

31.12.2020

31.12.2021

Accounts receivable

0

364,913

364,913

364,913

364,913

364,913

364,913

364,913

364,913

364,913

Current assets

0

364,913

364,913

364,913

364,913

364,913

364,913

364,913

364,913

364,913

Other fixed assets

1,111,936

1,111,936

1,111,936

1,111,936

1,111,936

1,111,936

1,111,936

1,111,936

1,111,936

1,111,936

Fixed assets

56,000,000

56,000,000

56,000,000

56,000,000

56,000,000

56,000,000

56,000,000

56,000,000

56,000,000

56,000,000

Accumulated depreciation

−2,911,194

−5,822,387

−8,733,581

−1,644,774

−14,555,968

−17,467,162

−20,378,355

−23,289,549

−26,200,742

−29,111,936

Total assets

54,200,742

51,654,461

48,743,268

45,832,074

42,920,881

40,009,687

37,098,493

34,187,300

31,276,106

28,364,913

Accounts payable

0

19,167

19,167

19,167

19,167

19,167

19,167

19,167

19,167

19,167

S/T bank loans

5,216,239

5,694,947

5,702,792

5,578,936

5,350,184

5,281,408

5,105,176

4,817,010

4,412,820

3,886,625

L/T fund loans due

4,126,316

4,126,316

4,126,316

4,126,316

4,126,316

4,126,316

4,126,316

4,126,316

4,126,316

0

Current liabilities

9,342,555

9,840,429

9,848,275

9,724,418

9,495,666

9,426,890

9,250,658

8,962,493

8,558,302

3,905,791

L/T fund loans

33,010,526

28,884,211

24,757,895

20,631,579

16,505,263

12,378,947

8,252,632

4,126,316

0

0

L/T liabilities

33,010,526

28,884,211

24,757,895

20,631,579

16,505,263

12,378,947

8,252,632

4,126,316

0

0

Capital

16,800,000

16,800,000

16,800,000

16,800,000

16,800,000

16,800,000

16,800,000

16,800,000

16,800,000

16,800,000

Retained earnings

0

−4,952,339

−3,870,178

−2,662,901

−1,323,923

119,951

1,403,849

2,795,204

4,298,492

5,917,804

Net income

−4,952,339

1,082,160

1,207,277

1,338,979

1,443,874

1,283,898

1,391,354

1,503,288

1,619,312

1,741,317

Total liabilities and equity

54,200,742

51,654,461

48,743,268

45,832,074

42,920,881

40,009,687

37,098,493

34,187,300

31,276,106

28,364,913