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 |