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Turkcell Iletisim Hizmetleri A.S. Balance Sheet 2023-2011 | TKC
Brief overview of Turkcell Iletisim Hizmetleri A.S.'s balance sheet structure
The review uses the five latest available annual reports between 2019 and 2023.
The asset base grew from 45.7 billion TRY to 247.1 billion TRY, or +440.5%. Average annual growth of roughly 52.5% was strong.
Liability growth of +351.8% trailed asset growth of +440.5%. The funding structure became more resilient.
Shareholders' equity accounts for 49.5% of assets, previously 39.6%. Dependence on liabilities is moderate.
Cash exceeds interest-bearing debt, producing net debt of -47.6 billion TRY. The balance sheet therefore carries a net cash position.
Cash equals 20.2% of the balance sheet, compared with 22.4% five periods ago. This is the readily available cushion.
Accumulated earnings ended at 87.1 billion TRY, a change of +559.9%. They remain an important part of the capital base.
Overall picture
Turkcell Iletisim Hizmetleri A.S. has a solid balance sheet cushion. Capital and liquidity support development without excessive reliance on debt.
Annual Balance Sheet Turkcell Iletisim Hizmetleri A.S.
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-47.6 B | -37.7 B | - | 3.55 B | 1.77 B | 11.3 B | 7.7 B | 3.68 B | 1.26 B | -5.39 B | -4.81 B | -4.01 B | -1.2 B |
Long Term Debt |
1.66 B | 3.6 B | - | 14.8 B | 11.6 B | 12.1 B | 8.15 B | 6.89 B | 3.45 B | 1.22 B | 1.48 B | 1.08 B | 1.99 B |
Long Term Debt Current |
772 M | 1.44 B | 1.47 B | 577 M | 432 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
67.1 B | 77.1 B | - | 19.1 B | 15 B | 15 B | 9.71 B | 8.17 B | 5.48 B | 2 B | 2.23 B | 1.74 B | 2.46 B |
Total Liabilities |
125 B | 126 B | 85.9 B | 30.7 B | 27.6 B | 26.7 B | 18.9 B | 15.5 B | 11.8 B | 7.01 B | 6.52 B | 5.95 B | 6.35 B |
Deferred Revenue |
- | - | - | 432 M | 347 M | 265 M | 194 M | 93.8 M | 121 M | 165 M | 196 M | 163 M | 223 M |
Retained Earnings |
87.1 B | 77.4 B | - | 16.4 B | 13.2 B | 11.4 B | 11.3 B | 12.8 B | 11.3 B | 21.6 B | 17.9 B | 12.9 B | 11.4 B |
Total Assets |
247 B | 235 B | 151 B | 51.5 B | 45.7 B | 42.8 B | 34 B | 31.6 B | 26.2 B | 23.8 B | 21.2 B | 18.8 B | 17.2 B |
Cash and Cash Equivalents |
50 B | 42.8 B | 30.6 B | 11.9 B | 10.2 B | 7.42 B | 4.71 B | 6.05 B | 2.92 B | - | - | - | - |
Book Value |
122 B | 109 B | 65.4 B | 20.8 B | 18.1 B | 16.1 B | 15 B | 16.1 B | 14.4 B | 16.8 B | 14.7 B | 12.8 B | 10.8 B |
Total Shareholders Equity |
122 B | 109 B | - | 20.8 B | 18.1 B | 16.1 B | 15 B | 16.1 B | 14.4 B | - | - | - | - |
All numbers in TRY currency
Quarterly Balance Sheet Turkcell Iletisim Hizmetleri A.S.
| 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
1.66 B | - | - | - | - | 2.01 B | - | - | - | 1.52 B | - | - | - | 1.1 B | - | - | - | 1.03 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
67.1 B | - | - | - | - | 31 B | - | - | - | 19.1 B | - | - | - | 15 B | - | - | - | 15 B | - | - | - | 9.71 B | - | - | - | 8.17 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
125 B | - | - | - | - | 48.1 B | - | - | - | 30.7 B | - | - | - | 27.6 B | - | - | - | 26.7 B | - | - | - | 18.9 B | - | - | - | 15.5 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
87.1 B | - | - | - | - | 18.2 B | - | - | - | 16.4 B | - | - | - | 13.2 B | - | - | - | 11.4 B | - | - | - | 11.3 B | - | - | - | 12.8 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
247 B | - | - | - | - | 70.7 B | - | - | - | 51.5 B | - | - | - | 45.7 B | - | - | - | 42.8 B | - | - | - | 34 B | - | - | - | 31.6 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
50 B | - | - | - | - | 18.6 B | - | - | - | 11.9 B | - | - | - | 10.2 B | - | - | - | 7.42 B | - | - | - | 4.71 B | - | - | - | 6.05 B | - | - | - | 2.92 B | - | - | - | 9.03 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
122 B | - | - | - | - | 22.6 B | - | - | - | 20.8 B | - | - | - | 18.1 B | - | - | - | 16.1 B | - | - | - | 15 B | - | - | - | 16.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
122 B | - | - | - | - | 22.6 B | - | - | - | 20.8 B | - | - | - | 18.1 B | - | - | - | 16.1 B | - | - | - | 15 B | - | - | - | 16.1 B | - | - | - | 14.4 B | - | - | - | 16.7 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in TRY currency
Balance Sheet is a fundamental financial report of Turkcell Iletisim Hizmetleri A.S., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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