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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