2000Y›l› Faaliyet Raporu 2000Activities Report

‹çindekiler
6 Özet Bilgiler
7 Yönetim Kurulu’nun 2000 Y›l› Faaliyet Raporu
14 Mali Sonuçlar
23 Denetim Kurulu Raporu
25 Ba¤›ms›z Denetim Raporu
27 10 Y›ll›k Durum
Contents
6 Highlights
7 2000 Activities Report of the Board of Directors
14 Financial Results
24 Board of Auditors’ Report
26 Independent Auditors’ Report
28 10 Year Review
Ortaklar... 30 Mart 2001 itibariyle
% 53,13 Nortel Networks International Finance and Holdings B.V.
% 15 Türk Silahl› Kuvvetlerini Güçlendirme Vakf›
% 31,87 Halka Aç›k Hisseler
Ownership... As of March 30, 2001
% 53.13 Nortel Networks International Finance and Holdings B.V.
% 15 Turkish Armed Forced Foundation
% 31.87 Public
2
NETAfi
Telekomünikasyon alan›ndaki deneyimini ve teknolojisini, Nortel Networks çözümleri ile
bütünleyen Netafl / Nortel Networks, ses haberleflmesindeki liderli¤ini, internet ve veri
iletiflimine de tafl›makta ve Bilgi Ça¤›’na girerken iletiflim a¤lar›n›n ço¤ulortam iletiflimi yönünde
geliflmesine katk›da bulunmaktad›r. Nortel Networks Birlefltirilmifl A¤lar (Unified Networks)
ad›n› verdi¤i vizyonunu gerçeklefltirecek çözümleriyle dünyada en genifl ürün yelpazesine sahip
flirkettir. Netafl / Nortel Networks bu ürün yelpazesi ile Optik Internet, Yerel Internet, Kablosuz
Internet, Kiflisel Internet ve e-‹fl bafll›klar› alt›nda yüksek kalite, h›z ve güvenilirli¤e sahip çözümler sunmaktad›r.
fiirket Türkiye, Avrupa, Orta Do¤u, Ba¤›ms›z Devletler Toplulu¤u ve Afrika ülkelerindeki
müflterilerine iletiflim flebekelerinin tasar›m›, iflletilmesi, pazarlamas› konular›nda destek verir,
"on-line" teknik yard›m hizmetleri sa¤lar.
Türkiye’nin iletiflim a¤›n›n modernizasyonunda önemli bir görev üstlenen Netafl / Nortel
3
Networks, kuruluflundan bugüne Türk Telekom’un hizmetine yaklafl›k 10,5 milyon hatl›k telefon santral teçhizat›, transmisyon ve veri iletiflimi sistemleri vermifltir. Netafl / Nortel Networks,
özel iletiflim alan›ndaki ürünleri ile 35.000 müflterisine ve üstlendi¤i önemli projelerle Türk
Silahl› Kuvvetleri’nin ihtiyaçlar›na toplam çözümler sunmaktad›r.
Netafl / Nortel Networks, teknoloji ithal eden bir noktadan bugün teknoloji ihraç eden bir firma
konumuna ulaflm›flt›r. Netafl / Nortel Networks'ün 300’ü aflk›n mühendis ve teknisyenden oluflan
Ar-Ge kadrosu, telekomünikasyon alan›nda rekabet gücü yüksek yeni ürünleri en son teknolojiyle tasarlama çal›flmalar›n› kesintisiz olarak sürdürmektedir. Her y›l sat›fl gelirinin yaklafl›k %69’unu araflt›rma ve gelifltirme çal›flmalar›na ay›ran Netafl / Nortel Networks, her y›l ortalama 10
Milyon A.B.D. Dolar› tutar›nda yaz›l›m ihracat› gerçeklefltirmektedir.
Netafl / Nortel Networks, Türkiye’nin iletiflim gereksinimini yerli üretimle karfl›lamak amac›yla
1967’de PTT (Türk Telekom) ve Kanada’n›n Northern Electric Company Limited (Nortel
Networks Corporation) ortakl›¤›yla kurulmufltur. Halen % 31,87 oran›ndaki hissesi ‹MKB’de
ifllem gören flirketin bafll›ca ortaklar›n›, Nortel Networks (% 53,13) ve Türk Silahl› Kuvvetlerini
Güçlendirme Vakf› (%15) oluflturur.
NETAfi
Netafl / Nortel Networks complements its experience and local technological capabilities in
telecommunication sector with Nortel Networks’ solutions, carries its experience and leadership
in voice communication to Internet and data communication and contributes to the development of the national communication network towards multimedia communication. Nortel
Networks’ product portfolio has been strengthened by solutions that allow the infrastructure to be
managed from a single center, and by the network management capabilities that have been
developed through Unified Networks vision. Netafl / Nortel Networks is working to deliver today the
solutions in order to meet the future needs of its customers in Optical Internet, Local Internet,
Wireless Internet, Personal Internet and e-Business areas.
The company helps its customers throughout Turkey and other countries in Europe, the Middle
East, CIS and Africa to design, operate and market network services supported by continuous online technical assistance.
Netafl / Nortel Networks has played a major role in the modernisation of the telecommunications
infrastructure in Turkey by supplying approximately 10.5 million lines of switching equipment
as well as transmission and datacom systems to Türk Telekom. In the private communications
market Netafl / Nortel Networks has the largest share with a customer base of 35,000 in various
sectors. The company also provides total solutions to the Turkish Armed Forces with long-term
development contracts.
Netafl / Nortel Networks has developed from a technology importing company to a technology
exporting one through the years, due to the proven capability of its R&D group to design new and
highly competitive products with the use of the state of the art technology. Netafl employs over 300
engineers at its R&D organisation and allocates 6-9 % of its annual revenues to R&D activities.
The software exported by Netafl R&D has reached US $ 10 million annually.
Netafl / Nortel Networks was established in 1967 as a joint venture company between Turkish PTT,
now Türk Telekom and Northern Electric Company Limited (Nortel Networks Corporation) of
Canada with the aim of supplying Turkey with locally manufactured telecommunications equipment. Currently, 31.87% of Netafl / Nortel Networks shares are traded in the ‹stanbul Stock
Exchange, and the major shareholders are Nortel Networks Corporation (53.13%) and the
Turkish Armed Forces Foundation (15%).
4
Yönetim Kurulu Üyeleri
Board of Directors
ARTHUR A. MACDONALD
Baflkan / Chairman
TEOMAN ERKAN
Baflkan Yard›mc›s› / Vice - Chairman
5
M.SA‹T GÖZÜM
Üye / Member
H. ERDO⁄AN ALK‹N
Üye / Member
A. MASOOD TARIQ
Üye / Member
(8 Haziran 2000’e kadar)
(to June 8, 2000)
TIMOTHY IAN WATKINS
Üye / Member
(8 Haziran 2000’den itibaren)
(from June 8, 2000)
IAIN J. MORGAN
Üye / Member
AL‹ T‹GREL
Üye / Member
(23 Mart 2000’den itibaren)
(from March 23, 2000)
Denetim Kurulu
Board of Auditors
Yöneticiler
Management
CAV‹T BENG‹SU
Genel Müdür
President
TERRY G. HUNGLE
M. SA‹T GÖZÜM
(30 Ocak 2001’e kadar)
(to January 30, 2001)
MICHAEL JERARD GOLLOGLY
(31 Ocak 2001’den itibaren)
Genel Müdür Yard›mc›lar›
Vice Presidents
TREVOR BEECHES
(from January 31, 2001)
OSMAN N. D‹NLER
‹LKER GÜVEN
AHMET OREL
M.ÜNTAY KOZAK
B‹LGE TAfiKIRAN
(Milyon TL.)
2000
1999
150.073.340
17.753.887
44.568.984
6.486.480
2.934.000
13.195.545
14.989.970
(18.377.887)
1.076
96.225.582
9.026.518
29.446.001
6.486.480
1.385.000
6.892.520
7.523.800
(13.148.526)
1.247
ÖZET B‹LG‹LER
Sat›fllar
Net Kâr (Zarar)
Net Çal›flma Sermayesi
Ödenmifl Sermaye
Yat›r›m Harcamalar›
Araflt›rma ve Gelifltirme Harcamalar›
Net Maddi ve Gayrimaddi Sabit K›ymetler
Birikmifl Amortismanlar (-)
Personel Say›s›
6
(Million TL.)
2000
1999
HIGHLIGHTS
Sales
Net Profit (Loss)
Net Working Capital
Paid in Capital
Capital Expenditures
Research and Development Expenses
Net Tangible and Intangible Fixed Assets
Accumulated Depreciation (-)
Employees
150,073,340
17,753,887
44,568,984
6,486,480
2,934,000
13,195,545
14,989,970
(18,377,887)
1,076
96,225,582
9,026,518
29,446,001
6,486,480
1,385,000
6,892,520
7,523,800
(13,148,526)
1,247
2000 Activities Report
Yönetim Kurulu’nun
2000 Y›l› Faaliyet Raporu
of the Board of Directors
Say›n Ortaklar›m›z,
Dear Shareholders,
Netafl-Northern Electric Telekomünikas-
Welcome to the Ordinary Annual
yon A.fi.’nin y›ll›k Ola¤an Genel Kurul
General Meeting of shareholders of Netafl-
Toplant›s›’na hoflgeldiniz. 2000 y›l› faaliyet
Northern Electric Telekomünikasyon A.fi.
raporunu dikkatlerinize sunmaktan mem-
We are pleased to submit the 2000 activities
nuniyet duymaktay›z.
report for your kind attention.
Türk Sanayii 1999 y›l›nda yaflanan genel
The Turkish industry entered the year
ekonomik gerileme sonras›nda yeni y›la ve
and the new millennium with a high level
milenyuma büyük ölçüde iyimserlik içinde
of optimism following the overall economic
girmifltir. Hükümet taraf›ndan uygulanan
ekonomik tedbirler; iç talepte, yat›r›mlarda
ve ihracatta bir art›fla sebep olmufltur.
Beklentilere paralel olarak ekonomi 2000
y›l›nda güçlü bir flekilde toparlanm›fl ve
7
hükümet hedeflerinin alt›nda kalmakla
beraber, 1980 y›l›ndan bu yana en düflük
enflasyon
de¤erlerine
ulafl›lm›flt›r.
Ekonominin iyileflmesinde görülen bu
olumlu geliflmeler Aral›k ay›nda bankac›l›k
sektöründe yaflanan kriz nedeniyle duraklam›fl, daha sonra politik ve finansal bir
recession in 1999. Economic measures
implemented by the government created an
increase in domestic demand, investments
and exports. In line with expectations, the
economy strongly recovered in 2000 and
the lowest levels of inflation were achieved
since 1980’s although they were above government targets. The positive trend in economic recovery however, was hampered by
a crisis in the banking sector in December,
which further evolved into a political and
financial turmoil causing a loss of confidence and stability as we entered 2001.
buhrana dönüflerek, 2001 y›l›na girilirken
güven ve istikrar kayb›na sebep olmufltur.
1999 y›l›nda karfl›lafl›lan birçok soruna
ra¤men, Netafl 2000 y›l›nda finansal durumunu ve ortaklar› için yaratt›¤› de¤eri
gelifltirebilmifltir.
Despite the many problems encountered
in 1999, Netafl was able to improve its
financial position and shareholder value in
2000.
Total net sales for the year reached
150,025 Billion TL. (241.7 Million US
Y›l içinde toplam net sat›fllar 150.025
Dollars) representing an increase of 56 per-
Milyar TL.’na (241,7 Milyon A.B.D. Dolar›)
cent relative to the previous year and an
ulaflm›fl ve bir önceki y›la k›yasla %56
increase of 11 percent in real terms.
oran›nda, reel olarak ise %11 oran›nda art›fl
Earnings before tax amounted to 25,253
sa¤lanm›flt›r. Vergi öncesi kâr 25.253 Milyar
Billion TL. (40.8 Million US Dollars), which
TL. (40,8 Milyon A.B.D. Dolar›) olarak
is 64 percent (18 percent in real terms)
tahakkuk etmifl, 1999 y›l›na k›yasla %64
higher than 1999. Net earnings after tax
(reel
art›fl
were 17,754 Billion TL. (28 Million US
görülmüfltür. 17.754 Milyar TL. (28 Milyon
Dollars), 97 percent (39 percent in real
A.B.D. Dolar›) olarak gerçekleflen vergi
terms) higher than the previous year.
sonras› net kâr bir önceki y›l de¤erinden
Meanwhile, the growth rate in operating
%97 (reel olarak %39) daha yüksektir.
profits were 74 percent compared to 1999.
Faaliyet kâr›ndaki büyüme oran› 1999 y›l›na
Export sales during the year amounted to
k›yasla %74 olarak tahakkuk etmifltir. Y›l
56.1 Million US Dollars.
olarak
%18)
oran›nda
içindeki ihracat sat›fllar› 56,1 Milyon A.B.D.
The Board is pleased to report a satisfactory operational performance with signifi-
Dolar›’na ulaflm›flt›r.
Yönetim Kurulu 2000 y›l›nda önemli
geliflme kaydedilen tatminkâr bir faaliyet
cant improvement in 2000.
The
current
paid
up
capital
of
performans› raporlamaktan memnuniyet
6,486,480,000,000.- TL. was sufficient for
duymaktad›r.
business needs and Netafl was able to
fiirketin ödenmifl sermayesini teflkil eden
6.486.480.000.000,-TL. iflletme ihtiyaçlar›n›
karfl›lamak
yönünden
yeterli
görüldü¤ünden 2000 y›l› içinde sermaye
art›r›m› yap›lmas›na gerek görülmemifltir.
2000
y›l›
içinde
fiirketin
sermaye
yap›s›nda önemli bir de¤ifliklik olmam›flt›r.
finance its working capital requirements
without the need for a capital increase during the year.
There has been no significant change in
the capital structure of Netafl in 2000.
The Board of Directors of the Company
was elected at the Ordinary Annual
Meeting of the Shareholders held on 21
fiirketin Yönetim Kurulu 21 Nisan 1998
tarihinde yap›lan y›ll›k Ola¤an Genel Kurul
April 1998 for a period of three years. The
Board will have completed its term of office
Toplant›s›’nda üç y›ll›k görev süresi için
at this Annual Meeting of the shareholders.
seçilmifl
Yönetim
On this occasion the Board wishes to
Kurulu’nun görev süresi bu Genel Kurul
express its thanks to the shareholders for
Toplant›s› tarihinde tamamlanm›fl olacakt›r.
their support. The Board also takes this
Bu vesileyle ortaklar›m›za gösterdikleri
opportunity to wish success to the new mem-
destek nedeniyle teflekkürlerimizi sunar›z.
bers of the Board to be elected by the share-
Yönetim
holders.
bulunmaktad›r.
Kurulu’nun
Genel
Kurul
taraf›ndan seçilecek yeni üyelerine de
baflar›lar diliyoruz.
30 Mart 2000 tarihinde yap›lan son y›ll›k
Since the last Ordinary Annual Meeting
of the Shareholders held on 30 March 2000,
Mr. A. Masood Tariq resigned from the
8
Ola¤an Genel Kurul Toplant›s›’ndan bu
Board of Directors and was replaced by Mr.
yana Yönetim Kurulu üyemiz A. Masood
Timothy Ian Watkins with effect from 8
Tariq görevinden istifa etmifl ve yerine 8
June 2000.
Haziran 2000 tarihinden geçerli olmak
üzere Timothy Ian Watkins seçilmifltir.
thanks to Mr. Tariq for his valuable support
Yönetim Kurulu flirkete de¤erli destek ve
katk›lar›ndan dolay› A. Masood Tariq’a
Y›l›n önemli faaliyetlerinden baz›lar›
2000 y›l› boyunca yo¤un pazarlama ve
müflterimiz
Türk
yap›lm›flt›r.
Bafll›ca
Telekom’un,
ulusal
anahtarlama flebekesinin gelifltirilmesi için
ihtiyaç duydu¤u santral teçhizat›n›n teslimat›, kazan›lan ihaleler sonucu imzalanan
9
do¤rudan
sat›fl
ve
gelir
Some of the major activities during the
During 2000 extensive marketing and
sales activities were conducted. Direct sales
afla¤›daki flekilde özetlenebilir;
faaliyetleri
and contributions to the Company.
year can be summarised as follows:
takdir ve teflekkürlerini sunar.
sat›fl
The Board records its appreciation and
paylafl›m›
sözleflmeleri kapsam›nda devam etmifltir.
Bir di¤er ihale sonucunda Netafl, SDH
transmisyon ürünleri sat›fl ve teslimi
konusunda sözleflme imzalam›flt›r. Söz
konusu sözleflme %40 pazar pay› temsil
etmekte olup, flirket için yerli üretim ve
gelifltirme faaliyeti de gerektiren önemli bir
of switching equipment and deliveries
under revenue sharing contracts, which
were awarded as a result of a major tender,
continued to our major customer Türk
Telekom for the expansion of the national
switching network. As a result of another
tender Netafl was awarded a contract for
the delivery of SDH transmission systems.
The contract represents a 40% market share
and constitutes an important milestone for
the company which involves local production and development. Further activities
involved the supply of equipment and services to the TURPAK digital data network.
Additionally, deliveries were made under a
merhale teflkil etmektedir. Bunlar d›fl›nda
contract for the supply of ATM switches to
TURPAK say›sal veri flebekesi için teçhizat
TTNet, which is the Internet Protocol based
ve hizmetler sa¤lanm›fl, ayr›ca müflterinin
data backbone network of the customer.
Internet Protokolü temelli omurga veri
flebekesi olan TTNet için, imzalanan
sözleflme kapsam›nda ATM santrallar›
tedarik edilmifltir.
Savunma
sistemleri
In the Defence Systems market development activities for the Ministry of Defence
continued, deliveries of equipment and services in this market generated satisfactory
pazar›nda
Milli
results. Field trials of the locally designed
Savunma Bakanl›¤› için gelifltirme faaliyet-
tactical ATM and ISDN switches and termi-
leri devam etmifl, bu pazardaki teçhizat ve
nals were successfully completed. Mass pro-
hizmet sat›fllar› tatminkâr sonuçlar meydana
duction of
getirmifltir. Yerli olarak gelifltirilen taktik
begin in 2002. Another major project
amaçl› ATM ve ISDN santrallar›n›n saha
involves the delivery of the communications
deneme çal›flmalar› baflar› ile tamam-
infrastructure equipment of the vessel traf-
lanm›flt›r. Bu sistemlerin seri üretimine 2002
fic management system of the Turkish
y›l› içinde bafllan›lmas› planlanmaktad›r. Bir
straits, which will provide navigation safety
baflka önemli proje, Türk bo¤azlar›ndan
to vessels.
these systems are planned to
gemilerin güvenle geçmesini sa¤layacak
Alternate Operators sector has become a
gemi trafi¤i yönetim sisteminin haberleflme
focus market for Netafl and a significant
altyap›s› teçhizat›n›n sa¤lanmas›d›r.
growth rate of 300% was achieved com-
Lisansl› ‹flletmeciler pazar› Netafl için
önemli bir pazar oluflturmaktad›r ve bir
önceki y›la k›yasla %300 oran›nda büyüme
kaydedilmifltir. Bu geliflen pazar sektöründe
internet
hizmeti
sa¤lay›c›lar›
Netafl’›n önemli müflterileridir. Netafl ve
pared to the previous year. Internet Service
Providers are major customers of Netafl in
this developing market sector. The reliable
and secure solutions offered by Netafl and
Nortel Networks enable operators to build
and operate a network offering fast and
uninterrupted access to users.
Nortel Networks taraf›ndan sunulan güvenilir çözümler, iflletmecilerin kullan›c›lara
h›zl› ve kesintisiz eriflim sunmalar›n›
sa¤layacak flebekelerin kurulmas›n› ve
iflletilmesini mümkün k›lmaktad›r.
konusundaki yeteneklerimizin gelifltirilmesi
için araflt›rma ve gelifltirmeye önemli
yap›lm›flt›r.
Netafl’›n
optical and wireless networks and technologies significant investments were made in
research and development. Netafl R&D laboratory has become one of the institutions
Optik ve telsiz flebekeleri ve teknolojileri
yat›r›mlar
In order to expand our capabilities in
Ar-Ge
Laboratuvar›, Nortel Networks bünyesinde
engaged in the development of SDH technology within Nortel Networks.
Export activities during the year were
focused on markets where Netafl has a
strong presence. These markets consisted of
SDH teknolojisinin gelifltirilmesi ile meflgul
Russia,
birkaç kurulufltan biri durumuna gelmifltir.
Kazakhstan. A growth rate of 40% was
Y›l içinde ihracat faaliyetleri Netafl'›n
güçlü bir konuma sahip oldu¤u pazarlara
Morocco,
Bangladesh
and
achieved in these markets compared to the
previous year.
odaklanm›flt›r. Bu pazarlar Rusya, Fas,
In line with our Manufacturing 2000
Bangladefl ve Kazakistan’d›r. Bu pazarlarda
strategy we have successfully transferred
bir önceki y›la k›yasla %40 oran›nda
our PCBA (printed circuit board assembly)
büyüme sa¤lanm›flt›r.
manufacturing activities to Solectron
10
"Manufacturing 2000" olarak adland›rd›¤›m›z 2000 y›l› üretim stratejimize uygun
olarak PCBA üretim faaliyetimiz baflar›l› bir
Ticaret A.fi.
During 2000, 462,000 DMS line cards,
flekilde Solectron Elektronik Üretim ve
2,300
Pazarlama Sanayi ve Ticaret A.fi.’ne transfer
exchange
edilmifltir.
Transmission equipment production and
2000 y›l› içinde 462.000 DMS hat kart›,
power
systems,
lines
were
99,000
rural
manufactured.
deliveries consisted of 153,000 ports.
2.300 enerji sistemi, 99.000 k›rsal santral
Investments in 2000 amounted to 2,934
hatt› üretilmifltir. Transmisyon teçhizat› üre-
Billion TL. mainly for fixed assets such as;
tim ve teslimat› 153.000 port olarak gerçek-
computers, machinery and buildings.
leflmifltir.
In line with our commitment to Total
Y›l içinde bilgisayar donan›m›, makina
Quality Management efforts were made to
ve teçhizat ve binalar gibi sabit k›ymetlere
increase the overall satisfaction and loyalty
2.934
of our customers. The independent surveys
Milyar
TL.
tutar›nda
yat›r›m
conducted in this area evidenced that the
yap›lm›flt›r.
Toplam Kalite Yönetimi faaliyetleri kap11
Elektronik Üretim ve Pazarlama Sanayi ve
sam›nda
müflterilerimizin
tatmini
ve
Company was moving in the right direction, with an increase from 60% in 1999 to
61% in 2000.
ba¤l›l›¤›n›n art›r›lmas› yönündeki çabalar
devam ettirilmifltir. Bu alanda yap›lan
ba¤›ms›z anketler, flirketin do¤ru yolda gitmekte oldu¤unu, 1999 y›l›ndaki %60
de¤erinin
2000
y›l›nda
%61’e
ç›km›fl
Netafl’›n en de¤erli varl›¤› yüksek nitelikli ve kendini ifline adam›fl insan gücüdür.
31 Aral›k 2000 tarihi itibariyle kadromuz
1.076 kifliden oluflmaktad›r.
y›l›nda
flirketin
yönelik
resource which consisted of 1,076 employees at 31 December 2000.
of the Company was re-aligned to meet the
market trends. Building on our close cooperation with Nortel Networks aggressive
training programs were put in place to
enhance the capabilities and skill levels of
organizasyon
yap›s›nda pazardaki geliflmelere uyum
sa¤lamaya
highly qualified and dedicated human
During 2000 the organisational structure
olmas›yla göstermektedir.
2000
The most valuable asset of Netafl is its
düzenlemeler
our employees in a variety of disciplines.
2000 has been a successful year for
Netafl. We would like to thank and congrat-
yap›lm›flt›r. Nortel Networks ile iflbirli¤i
ulate the management and employees for
içinde iddial› bir e¤itim program› haz›rla-
their dedicated efforts and contributions.
narak, çeflitli disiplinlerde çal›flanlar›m›z›n
yeteneklerinin gelifltirilmesi amaçlanm›flt›r.
2000 y›l› Netafl için baflar›l› bir y›l
We hereby respectfully submit the balance sheet, the profit and loss statement
olmufltur. fiirket yönetimine ve çal›flanlar›m›za
and the dividend distribution proposal of
gayretleri ve katk›lar›ndan dolay› tebrik ve
the Board of Directors for your review and
teflekkürlerimizi sunar›z.
approval.
Faaliyet y›l›na iliflkin bilânço, kâr zarar
hesab› ve kâr da¤›t›m teklifimizi tetkik ve
onay›n›za sunuyoruz.
Sayg›lar›m›zla,
Yours Respectfully,
Arthur A. MacDonald
Arthur A. MacDonald
Baflkan
Chairman
12
Yönetim Kurulu’nun 2000 Faaliyet Y›l›
Kâr Da¤›t›m Teklifi
2000 y›l› da¤›t›labilir net kâr 17.258.779.000.000,- TL. olup ola¤anüstü
yedek olarak flirket bünyesinde al›konulmas›n› ve 1997 y›l› ola¤anüstü
yedeklerinden 4.540.536.000.000,- TL.’nin nakit olarak ortaklara hisseleri
oran›nda da¤›t›lmas›n› teklif ederiz.
13
2000 Dividend Distribution
Proposal
We hereby propose to retain 17,258,779,000,000.- TL. constituting the net
distributable profit of 2000 as extraordinary reserve within the accounts
of the company and to distribute 4,540,536,000,000.- TL. in cash, from
the extraordinary reserves of 1997 to the shareholders in
proportion to their respective shares.
Mali Sonuçlar
Financial Results
14
(Milyon TL.)
GEL‹R TABLOSU
31 Aral›k 2000
31 Aral›k 1999
A- BRÜT SATIfiLAR
150.073.340
96.337.401
1. Yurtiçi Sat›fllar
108.254.627
72.383.957
2. Yurtd›fl› Sat›fllar
40.194.374
21.731.828
1.624.339
2.221.616
(47.878)
(111.819)
(47.878)
(111.819)
C- NET SATIfiLAR
150.025.462
96.225.582
D- SATIfiLARIN MAL‹YET‹ (-)
(96.534.636)
(64.344.168)
53.490.826
31.881.414
(35.012.364)
(21.251.890)
1. Araflt›rma ve Gelifltirme Giderleri (-)
(13.195.545)
(6.892.520)
2. Pazarlama, Sat›fl ve Da¤›t›m Giderleri (-)
(15.840.771)
(8.629.046)
(5.976.048)
(5.730.324)
ESAS FAAL‹YET KÂRI / (ZARARI)
18.478.462
10.629.524
F- D‹⁄ER FAAL‹YETLERDEN GEL‹RLER VE KÂRLAR
12.562.353
15.010.229
1. Faiz ve Di¤er Temettü Gelirleri
4.351.817
6.001.904
2. Faaliyetle ‹lgili Di¤er Gelirler ve Kârlar
8.210.536
9.008.325
G- D‹⁄ER FAAL‹YETLERDEN G‹DERLER VE ZARARLAR (-)
(6.729.989)
(7.261.629)
H- F‹NANSMAN G‹DERLER‹ (-)
(1.566.252)
(2.615.089)
(1.566.252)
(2.615.089)
22.744.574
15.763.035
9.201.202
472.490
49.298
1.209
9.151.904
471.281
(6.692.781)
(839.422)
(30.200)
(397.797)
(6.662.581)
(441.625)
DÖNEM KÂRI / ZARARI
25.252.995
15.396.103
K- ÖDENECEK VERG‹ VE D‹⁄ER YASAL YÜKÜMLÜLÜKLER (-)
(7.499.108)
(6.369.585)
NET DÖNEM KÂRI / (ZARARI)
17.753.887
9.026.518
3. Di¤er Sat›fllar
B- SATIfiLARDAN ‹ND‹R‹MLER (-)
1. Sat›fltan iadeler (-)
BRÜT SATIfi KÂRI
E- FAAL‹YET G‹DERLER‹ (-)
3. Genel Yönetim Giderleri (-)
15
1. K›sa Vadeli Borçlanma Giderleri (-)
FAAL‹YET KÂRI
I- OLA⁄ANÜSTÜ GEL‹RLER VE KÂRLAR
1. Konusu Kalmayan Karfl›l›klar
2. Di¤er Ola¤anüstü Gelir ve Kârlar
J- OLA⁄ANÜSTÜ G‹DERLER VE ZARARLAR (-)
1. Önceki Dönem Gider ve Zararlar› (-)
2. Di¤er Ola¤anüstü Gider ve Zararlar (-)
(Million TL.)
STATEMENT OF INCOME
December 31, 2000
December 31, 1999
150,073,340
96,337,401
108,254,627
72,383,957
40,194,374
21,731,828
3. Other Sales Revenues
1,624,339
2,221,616
B- SALES DEDUCTIONS (-)
(47,878)
(111,819)
(47,878)
(111,819)
150,025,462
96,225,582
(96,534,636)
(64,344,168)
53,490,826
31,881,414
(35,012,364)
(21,251,890)
1. Research and Development Expenses (-)
(13,195,545)
(6,892,520)
2. Marketing, Selling and Distribution Expenses (-)
(15,840,771)
(8,629,046)
(5,976,048)
(5,730,324)
PROFIT OR LOSS ON OPERATING ACTIVITIES
18,478,462
10,629,524
F- OTHER OPERATING INCOME
12,562,353
15,010,229
1. Interest and Other Dividend Income
4,351,817
6,001,904
2. Other Operating Income
8,210,536
9,008,325
G- OTHER OPERATING EXPENSES (-)
(6,729,989)
(7,261,629)
H- FINANCIAL EXPENSES (-)
(1,566,252)
(2,615,089)
(1,566,252)
(2,615,089)
22,744,574
15,763,035
9,201,202
472,490
49,298
1,209
9,151,904
471,281
(6,692,781)
(839,422)
(30,200)
(397,797)
(6,662,581)
(441,625)
25,252,995
15,396,103
(7,499,108)
(6,369,585)
17,753,887
9,026,518
A- GROSS SALES
1. Domestic Sales
2. Export Sales
1. Sales Returns (-)
C- NET SALES
D- COST OF SALES (-)
GROSS PROFIT
E- OPERATING EXPENSES
3. General Administrative Expenses (-)
16
1. Short-Term Borrowing Expenses (-)
OPERATING PROFIT
I- EXTRAORDINARY INCOME
1. Prior Period Provisions
2. Other Extraordinary Income
J- EXTRAORDINARY EXPENSES
1. Prior Period Expenses (-)
2. Other Extraordinary Expenses (-)
PERIOD PROFIT OR LOSS
K- TAXATION
NET PROFIT FOR THE PERIOD OR LOSS
(Milyon TL.)
B‹LANÇO
31 Aral›k 2000
31 Aral›k 1999
I- DÖNEN VARLIKLAR
92.259.741
72.270.292
A- HAZIR DE⁄ERLER
1. Kasa
2. Bankalar
3. Di¤er Haz›r De¤erler
31.949.758
3.599
31.939.336
6.823
12.517.469
3.366
12.458.145
55.958
3.247.477
3.247.477
0
0
C- KISA VADEL‹ T‹CAR‹ ALACAKLAR
1. Al›c›lar
2. Alacak Senetleri
3. Verilen Depozito ve Teminatlar
4. Alacak Reeskontu (-)
5. fiüpheli Alacaklar Karfl›l›¤› (-)
28.363.626
37.273.876
1.232.823
3.875
(211.294)
(9.935.654)
32.003.209
40.092.956
303.266
0
(16.175)
(8.376.838)
D- D‹⁄ER KISA VADEL‹ ALACAKLAR
1. K›sa Vadeli Di¤er Alacaklar
203.995
203.995
74
74
E- STOKLAR
1. ‹lk Madde ve Malzeme
2. Yar› Mamuller
3. Mamuller
4. Emtia
5. Di¤er Stoklar
6. Stok De¤er Düflüklü¤ü Karfl›l›¤› (-)
7. Verilen Siparifl Avanslar›
11.698.116
6.101.204
1.450.829
1.966.594
1.355.882
2.151.974
(1.450.308)
121.941
13.693.955
4.913.486
3.951.751
1.999.526
585.364
582.752
(1.098.107)
2.759.183
F- D‹⁄ER DÖNEN VARLIKLAR
16.796.769
14.055.585
II- DURAN VARLIKLAR
15.962.834
12.103.181
A- UZUN VADEL‹ T‹CAR‹ ALACAKLAR
1. Al›c›lar
2. Verilen Depozito ve Teminatlar
324.434
320.854
3.580
725.661
721.422
4.239
B- D‹⁄ER UZUN VADEL‹ ALACAKLAR
1. Uzun Vadeli Di¤er Alacaklar
168.711
168.711
218.518
218.518
282.110
296.850
(229.400)
(67.450)
364.217
(26.577)
(55.530)
306.711
296.850
(229.400)
(67.450)
441.971
(26.577)
(108.683)
14.989.970
1
4.252
7.184.167
23.205.681
491.277
1.775.153
603.821
(18.377.887)
103.505
7.523.800
1
4.252
4.337.388
13.857.158
435.245
1.317.872
669.889
(13.148.526)
50.521
49.079
49.079
120.090
120.090
148.530
3.208.401
108.222.575
84.373.473
AKT‹F (VARLIKLAR)
B- MENKUL KIYMETLER
1. Kamu Kesimi Tahvil, Senet ve Bonolar›
17
C- F‹NANSAL DURAN VARLIKLAR
1. ‹fltirakler
2. ‹fltiraklere Sermaye Taahhütleri (-)
3. ‹fltirakler De¤er Düflüfl Karfl›l›¤› (-)
4. Ba¤l› Ortakl›klar
5. Ba¤l› Ortakl›klara Sermaye Taahhütleri (-)
6. Ba¤l› Ortakl›klar De¤er Düflüfl Karfl›l›¤› (-)
D- MADD‹ DURAN VARLIKLAR
1. Arazi ve Arsalar
2. Yerüstü ve Yeralt› Düzenleri
3. Binalar
4. Makina, Tesis ve Cihazlar
5. Tafl›t Araç ve Gereçleri
6. Döfleme ve Demirbafllar
7. Di¤er Maddi Duran Varl›klar
8. Birikmifl Amortismanlar (-)
9. Yap›lmakta Olan Yat›r›mlar
E- MADD‹ OLMAYAN DURAN VARLIKLAR
1. Haklar
F- D‹⁄ER DURAN VARLIKLAR
AKT‹F (VARLIKLAR) TOPLAMI
(Milyon TL.)
B‹LANÇO
31 Aral›k 2000
31 Aral›k 1999
47.690.757
42.824.291
3.375.020
5.877.894
3.375.020
5.877.894
18.714.312
16.649.135
18.612.170
15.534.970
800
1.025
101.342
1.113.140
2.499.136
2.679.308
1.020
834
122.086
149.500
1.949.770
993.885
408.357
244.076
17.903
1.291.013
2.317.983
4.437.336
20.784.306
13.180.618
7.499.108
6.369.585
13.285.198
6.811.033
6.861.692
5.783.206
0
1.011.735
0
1.011.735
359.977
48.380
359.977
48.380
C- BORÇ VE G‹DER KARfiILIKLARI
6.501.715
4.723.091
1. K›dem Tazminat› Karfl›l›klar›
5.900.331
4.414.735
601.384
308.356
53.670.126
35.765.976
6.486.480
6.486.480
139.526
139.526
8.809.561
6.084.426
8.809.561
6.084.426
20.480.672
14.029.026
1. Yasal Yedekler
1.591.709
834.077
2. Özel Yedekler
17.053
17.053
18.690.027
13.177.896
181.883
0
17.753.887
9.026.518
108.222.575
84.373.473
PAS‹F (KAYNAKLAR)
I- KISA VADEL‹ BORÇLAR
A- F‹NANSAL BORÇLAR
1. K›sa Vadeli Banka Kredileri
B- T‹CAR‹ BORÇLAR
1. Sat›c›lar
2. Al›nan Depozito ve Teminatlar
3. Di¤er Ticari Borçlar
C- D‹⁄ER KISA VADEL‹ BORÇLAR
1. Ortaklara Borçlar
2. Ödenecek Giderler
3. Ödenecek Vergi, Harç ve Di¤er Kesintiler
4. Ertelenen ve Takside Ba¤lanan Devlet Alacaklar›
5. K›sa Vadeli Di¤er Borçlar
D- ALINAN S‹PAR‹fi AVANSLARI
E- BORÇ VE G‹DER KARfiILIKLARI
1. Vergi Karfl›l›klar›
2. Di¤er Borç ve Gider Karfl›l›klar›
II- UZUN VADEL‹ BORÇLAR
A- T‹CAR‹ BORÇLAR
1. Sat›c›lar
B- D‹⁄ER UZUN VADEL‹ BORÇLAR
1. Ertelenen ve Takside Ba¤lanan Devlet Alacaklar›
2. Di¤er Borç ve Gider Karfl›l›klar›
III- ÖZ SERMAYE
A- SERMAYE
B- EM‹SYON PR‹M‹
C- YEN‹DEN DE⁄ERLEME DE⁄ER ARTIfi FONU
1. Duran Varl›klardaki De¤er Art›fl›
D- YEDEKLER
3. Ola¤anüstü Yedekler
4. Maliyet Art›fl Fonu
E- NET DÖNEM KÂRI
PAS‹F (KAYNAKLAR) TOPLAMI
18
(Million TL.)
BALANCE SHEET
December 31, 2000 December 31, 1999
ASSETS
I- CURRENT ASSETS
92,259,741
72,270,292
A- LIQUID ASSETS
1. Cash
2. Banks
3. Other Liquid Assets
31,949,758
3,599
31,939,336
6,823
12,517,469
3,366
12,458,145
55,958
3,247,477
3,247,477
0
0
28,363,626
37,273,876
1,232,823
3,875
(211,294)
(9,935,654)
32,003,209
40,092,956
303,266
0
(16,175)
(8,376,838)
203,995
203,995
74
74
E- INVENTORIES
1. Raw Materials
2. Semi Finished Goods
3. Finished Goods
4. Merchandise Inventory
5. Other Inventories
6. Prov. for Diminution in Value of Inventory (-)
7. Order Advance Given
11,698,116
6,101,204
1,450,829
1,966,594
1,355,882
2,151,974
(1,450,308)
121,941
13,693,955
4,913,486
3,951,751
1,999,526
585,364
582,752
(1,098,107)
2,759,183
F- OTHER CURRENT ASSETS
16,796,769
14,055,585
II- LONG-TERM ASSETS
15,962,834
12,103,181
A- LONG-TERM TRADE RECEIVABLES
1. Trade Receivables
2. Deposits and Guarantees
324,434
320,854
3,580
725,661
721,422
4,239
B- OTHER LONG-TERM RECEIVABLES
1. Long-Term Other Receivables
168,711
168,711
218,518
218,518
282,110
296,850
(229,400)
(67,450)
364,217
(26,577)
(55,530)
306,711
296,850
(229,400)
(67,450)
441,971
(26,577)
(108,683)
14,989,970
1
4,252
7,184,167
23,205,681
491,277
1,775,153
603,821
(18,377,887)
103,505
7,523,800
1
4,252
4,337,388
13,857,158
435,245
1,317,872
669,889
(13,148,526)
50,521
E- INTANGIBLE FIXED ASSETS
1. Rights
49,079
49,079
120,090
120,090
F- OTHER LONG-TERM ASSETS
148,530
3,208,401
108,222,575
84,373,473
B- MARKETABLE SECURITIES
1. Treasury and Bonds
C-SHORT-TERM TRADE RECEIVABLES
1. Trade Receivables
2. Notes Receivables
3. Deposits and Guarantees
4. Discount on Receivables (-)
5. Provision For Doubtful Receivables (-)
D- OTHER SHORT-TERM RECEIVABLES
1. Other Short-Term Receivables
19
C- FINANCIAL ASSETS
1. Affiliates
2. Capital Commitment to Affiliates (-)
3. Prov. for Diminution in Value of Affiliates (-)
4. Subsidiaries
5. Capital Commitments to Subsidiaries (-)
6. Prov. for Diminution in Value of Subs. (-)
D- TANGIBLE FIXED ASSETS
1. Lands
2. Superstructures and Infrastructures
3. Buildings
4. Machinery, Plant and Equipment
5. Vehicles
6. Furniture and Fixtures
7. Other Tangible Fixed Assets
8. Accumulated Depreciation (-)
9. Construction in Progress
TOTAL ASSETS
(Million TL.)
BALANCE SHEET
December 31, 2000 December 31, 1999
LIABILITIES
I- CURRENT LIABILITIES
47,690,757
42,824,291
3,375,020
3,375,020
5,877,894
5,877,894
B- TRADE PAYABLES
18,714,312
16,649,135
1. Trade Payables
18,612,170
15,534,970
800
1,025
101,342
1,113,140
2,499,136
2,679,308
1,020
834
122,086
149,500
1,949,770
993,885
408,357
244,076
17,903
1,291,013
2,317,983
4,437,336
20,784,306
13,180,618
7,499,108
6,369,585
13,285,198
6,811,033
6,861,692
5,783,206
A- TRADE PAYABLES
0
1,011,735
1. Trade Payables
0
1,011,735
359,977
48,380
359,977
48,380
6,501,715
4,723,091
5,900,331
4,414,735
601,384
308,356
53,670,126
35,765,976
6,486,480
6,486,480
139,526
139,526
8,809,561
6,084,426
8,809,561
6,084,426
20,480,672
14,029,026
1,591,709
834,077
17,053
17,053
18,690,027
13,177,896
181,883
0
17,753,887
9,026,518
108,222,575
84,373,473
A- FINANCIAL LIABILITIES
1. Bank Loans
2. Deposits and Guarantees Received
3. Other Trade Payables
C- OTHER SHORT-TERM PAYABLES
1. Payables to Shareholders
2. Expense Accruals
3. Taxes and Dues Payable
4. Deferred Dues to Government Offices
5. Other Short-Term Payables
D- ORDER ADVANCES RECEIVED
E- PROVISIONS
1. Corporate Tax Payable
2. Other Provisions
II- LONG-TERM LIABILITIES
B-OTHER LONG-TERM PAYABLES
1. Deferred Dues to Government Offices
C- PROVISIONS
1. Provision for Termination Indemnities
2. Other Provisions
III- SHAREHOLDERS’ EQUITY
A- CAPITAL
B- PREMIUM IN EXCESS OF PAR
C- REVALUATION SURPLUS
1. Revaluation of Tangible Fixed Assets
D- RESERVES
1. Legal Reserves
2. Special Reserves
3. Extraordinary Reserves
4. Cost Increase Fund
E- PROFIT FOR THE PERIOD
TOTAL LIABILITIES
20
(Milyon TL.)
FON AKIM TABLOSU
31 Aral›k 2000
31 Aral›k 1999
60.764.708
50.444.181
31.853.300
13.519.543
22.744.574
9.026.518
b) Amortismanlar (+)
7.525.221
2.423.761
c) Fon Ç›k›fl› Gerektirmeyen Giderler (+)
1.778.624
2.154.587
d) Fon Girifli Sa¤lamayan Gelirler (-)
(195.119)
(85.323)
2. Ola¤anüstü Kârdan Sa¤lanan Kaynak
2.508.421
0
2.508.421
0
3. Dönen Varl›klar›n Tutar›nda Azal›fl
10.340.566
6.364.291
4. Duran Varl›klar›n Tutar›nda Azal›fl
3.767.701
227.794
11.801.240
29.320.818
6. Uzun Vadeli Borçlarda Art›fl
311.597
1.011.735
7. Maliyet Art›fl Fonu
181.883
0
B- KAYNAK KULLANIMLARI
60.764.708
50.444.181
1. Ödenen Vergi ve Benzerleri
11.095.356
0
2.756.754
875.675
3. Dönen Varl›klar›n Tutar›nda Art›fl
25.409.125
43.851.546
4. Duran Varl›klar›n Tutar›nda Art›fl
12.427.438
5.505.094
5. K›sa Vadeli Borçlarda Azal›fl
8.064.300
64.550
6. Uzun Vadeli Borçlarda Azal›fl
1.011.735
147.316
15.122.983
8.316.308
A- KAYNAKLAR
1. Faaliyet Kâr›ndan Sa¤lanan Kaynak
a) Faaliyet Kâr›
a) Ola¤anüstü Kâr
21
5. K›sa Vadeli Borçlarda Art›fl
2. Ödenen Temettüler
NET ‹fiLETME SERMAYES‹NDEK‹ ARTIfi
(Million TL.)
STATEMENT OF FUNDS FLOW
December 31, 2000 December 31, 1999
A- SOURCES OF FUNDS
60,764,708
50,444,181
1. Funds Generated by Operations
31,853,300
13,519,543
22,744,574
9,026,518
b) Depreciation
7,525,221
2,423,761
c) Expenses not Creating Outflow of Funds
1,778,624
2,154,587
d) Incomes not Generating Funds Inflows (-)
(195,119)
(85,323)
2,508,421
0
2,508,421
0
10,340,566
6,364,291
3,767,701
227,794
11,801,240
29,320,818
311,597
1,011,735
a) Operating Profit
2. Funds Generated by Extraordinary Income
a) Extraordinary Profit
3. Decrease in Current Assets
4. Decrease in Fixed Assets
5. Increase in Current Liabilities
6. Increase in Long-Term Liabilities
22
7. Cost Increasing Fund
181,883
0
B- USES OF FUNDS
60,764,708
50,444,181
1. Taxes and Dues Paid
11,095,356
0
2,756,754
875,675
3. Increase in Current Assets
25,409,125
43,851,546
4. Increase in Fixed Assets
12,427,438
5,505,094
5. Decrease in Current Liabilities
8,064,300
64,550
6. Decrease in Long-Term Liabilities
1,011,735
147,316
15,122,983
8,316,308
2. Dividends Paid
CHANGE IN NET WORKING CAPITAL
Denetim Kurulu Raporu
Netafl - Northern Electric Telekomünikasyon A.fi. Genel Kurulu’na
• Ortakl›¤›n
• Ünvan›
• Merkezi
• Sermayesi
• Faaliyet Konusu
:
:
:
:
• Denetçilerin ad› ve görev süreleri veya
flirketin personeli olup olmad›klar›
NETAfi-Northern Electric Telekomünikasyon A.fi.
‹stanbul
6.486.480.000.000,- TL.
Telekomünikasyon teçhizat› üretim ve sat›fl›
: Ad›, Soyad›
Cavit Bengisu
‹lker Güven
Terry G. Hungle
M.Üntay Kozak
Bilge Taflk›ran
Görev Süresi
3 y›l
3 y›l
3 y›l
3 y›l
3 y›l
fiirket
fiirket
fiirket
fiirket
fiirket
personeli
personeli
personeli
personeli
personeli
de¤ildir.
de¤ildir.
de¤ildir.
de¤ildir.
de¤ildir.
Terry G.Hungle 30 Ocak 2001 tarihinde istifa etmifl, yerine 31 Ocak 2001 tarihi itibariyle Michael Jerard Gollogly Türk Ticaret
Kanunu’nun 351. Maddesi uyar›nca seçilmifltir.
• Kat›l›nan Yönetim Kurulu ve yap›lan Denetim Kurulu Toplant›lar› say›s›:
4 fiubat, 30 Mart, 8 Haziran, 2 Kas›m 2000 tarihlerinde yap›lan Yönetim Kurulu Toplant›lar›’na ifltirak edilmifltir. Bu dönem içinde
(4) Denetim Kurulu Toplant›s› yap›lm›flt›r.
• Ortakl›k hesaplar›, defter ve belgeleri üzerinde yap›lan incelemenin kapsam›, hangi tarihlerde inceleme yap›ld›¤› ve var›lan
sonuç :
Yukar›da belirtilen tarihlerde yap›lan toplant›lar ile ayr›ca 3 Mart, 7 Haziran, 1 Kas›m, 13 Aral›k tarihlerinde yap›lan toplant›larda
flirket hesaplar›, defter ve belgeleri üçer ayl›k dönemler itibariyle denetlenmifl, kay›tlar›n flirket Anasözleflmesi ile mevzuat hükümlerine uygun oldu¤u tespit edilmifltir.
• Türk Ticaret Kanunu’nun 353. maddesinin 1. f›kras›n›n 3 numaral› bendi gere¤ince ortakl›k veznesinde yap›lan say›mlar›n
say›s› ve sonuçlar›:
Üçer ayl›k dönemler itibariyle yap›lan say›mlar sonucunda flirket veznesinde bulunan tutarlar›n ayn› günkü kasa kay›tlar›na uygun
oldu¤u tespit edilmifltir.
23
• Türk Ticaret Kanunu’nun 353. maddesinin 1. f›kras› 4 numaral› bendi gere¤ince yap›lan inceleme tarihleri ve sonuçlar›:
Yap›lan denetimlerde teminatlarla k›ymetli evrak›n kay›tlara uygun olarak mevcudiyeti tespit edilmifltir.
• ‹ntikal eden flikayet ve yolsuzluklar ve bunlar hakk›nda yap›lan ifllemler:
Denetim Kurulu'na görev süresi içinde intikal eden flikayet ve yolsuzluk olmam›flt›r.
Netafl - Northern Electric Telekomünikasyon Anonim fiirketi’nin 31.12.2000 dönemi hesap ve ifllemlerini Türk Ticaret Kanunu,
ortakl›¤›n esas sözleflmesi ve di¤er mevzuat ile genel kabul görmüfl muhasebe ilke ve standartlar›na göre incelemifl bulunmaktay›z.
Görüflümüze göre içeri¤ini benimsedi¤imiz ekli 31.12.2000 tarihi itibariyle düzenlenmifl bilânço, ortakl›¤›n an›lan tarihteki malî durumunu, 01.01.2000/31.12.2000 dönemine ait gelir tablosu, an›lan döneme ait faaliyet sonuçlar›n› gerçe¤e uygun ve do¤ru olarak
yans›tmakta; kâr›n da¤›t›m› önerisi yasalara ve ortakl›k esas sözleflmesine uygun bulunmaktad›r.
Bilânçonun ve gelir tablosunun onaylanmas›n› ve Yönetim Kurulu’nun aklanmas›n› oylar›n›za arz ederiz.
28 fiubat 2001
DENET‹M KURULU
CAV‹T BENG‹SU
‹LKER GÜVEN
M. ÜNTAY KOZAK
MICHAEL J. GOLLOGLY
B‹LGE TAfiKIRAN
Board of Auditors’ Report
To the General Assembly of Netafl - Northern Electric Telekomünikasyon A.fi.
• Company
• Name
• Head - Office
• Registered Capital
• Field of Activity
• Name, term of the
auditors and status
: NETAfi - Northern Electric Telekomünikasyon A.fi.
: ‹stanbul
: 6,486,480,000,000.- TL.
: The manufacture and sale of telecommunications equipment.
: Name
Cavit Bengisu
‹lker Güven
Terry G. Hungle
M. Üntay Kozak
Bilge Taflk›ran
Term
3 year
3 year
3 year
3 year
3 year
not
not
not
not
not
an
an
an
an
an
employee
employee
employee
employee
employee
Terry G. Hungle resigned with effect from 30.01.2001 and Michael Jerard Gollogly was elected to the vacant position in
accordance with Article 351 of the Turkish Commercial Code with effect from 31.01.2001.
• Board of Directors meeting participated in and Auditors’ meetings held:
Participated in the Board of Directors meetings dated February 4, March 30, June 8, November 2, 2000. Four Board of Auditors
meetings were held within this period.
• Scope of the audit on Company’s account books and documents, dates of auditing and results:
The accounts and documents of the company have been audited on a quarterly basis on the dates mentioned above and on
March 3, June 7, November 1, December 13, 2000, it has been established that the records were in conformity with the Articles of
Association and the provisions of law.
• Number and results of the counts in the Company’s cashier according to the Turkish Commercial Code, Article 353, Paragraph 1/3:
As a results of the quarterly inspections of the cashier, it has been observed that the amounts on hand were reflected in the daily
cashier’s records at the same date.
• Dates and results of the inspections according to the Turkish Commercial Code, Article 353, Paragraph 1/4:
During the inspections it has been observed that the securities and negotiable instruments on hand were in accordance with the
book entries.
• Complaints or investigation of embezzlements submitted and action taken:
No complaint or request for investigation of embezzlement was submitted to the Board of Auditors during its term in office.
We have examined the accounts and transactions of Netafl-Northern Electric Telekomünikasyon A.fi. for the period of 01.01.2000 31.12.2000 in accordance with the Turkish Commercial Code, the Articles of Association of the Company, other legislation and
generally accepted accounting rules and standards.
In our opinion, the balance sheet as of 31.12.2000 the content of which we acknowledge, reflects the true financial status of the
Company at the said date and the profit and loss statement for the term 01.01.2000 - 31.12.2000 reflects the true results of the
activities for the said term and the dividend distribution proposal is in conformity with the laws and the Articles of Association of the
Company.
We hereby submit the balance sheet and the profit and loss statement, and the release of the Board of Directors for your approval.
February 28, 2001
BOARD OF AUDITORS
CAV‹T BENG‹SU
‹LKER GÜVEN
M. ÜNTAY KOZAK
MICHAEL J. GOLLOGLY
B‹LGE TAfiKIRAN
24
Netafl - Northern Electric Telekomünikasyon A.fi.
1 Ocak 2000 - 31 Aral›k 2000 Hesap Dönemine Ait Ba¤›ms›z Denetim Raporu
Netafl Northern Electric Telekomünikasyon A.fi.’nin ("fiirket") 31 Aral›k 2000 tarihi itibariyle düzenlenmifl
bilançosunu (sayfa 1,2,3 ve 4) ve bu tarihte sona eren y›la ait gelir tablosunu (sayfa 5) incelemifl bulunuyoruz. ‹ncelememiz, genel kabul görmüfl denetim ilke, esas ve standartlar›na uygun olarak olarak yap›lm›fl
ve dolay›s›yla hesap ve ifllemlerle ilgili olarak muhasebe kay›tlar›n›n kontrolü ile gerekli gördü¤ümüz
di¤er denetim yöntem ve tekniklerini içermifltir.
Görüflümüze göre, söz konusu mali tablolar, Netafl Northern Electric Telekomünikasyon A.fi.’nin 31 Aral›k
2000 tarihindeki gerçek mali durumunu ve bu tarihte sona eren hesap dönemine ait gerçek faaliyet sonucunu, mevzuata ve bir önceki hesap dönemi ile tutarl› bir flekilde uygulanan genel kabul görmüfl
muhasebe ilkelerine uygun olarak do¤ru bir biçimde yans›tmaktad›r.
Görüflümüzü etkilememekle birlikte, 12 numaral› bilanço dipnotunda belirtildi¤i gibi bilanço tarihinden
sonra Türk para ve sermaye piyasalar› önemli likidite sorunu ve afl›r› dalgalanmalar göstermifltir. Bunun
sonucunda 22 fiubat 2001 tarihinde kur art›fllar›n› kontrol alt›nda tutan döviz kuru sepeti politikas›
terkedilerek bunun yerine döviz kurlar›n›n serbest b›rak›ld›¤› dalgal› kur sistemine geçilmesi
kararlaflt›r›lm›flt›r. Bu süreçte Türk Liras›, ABD Dolar› karfl›s›nda yaklafl›k %35-40 oran›nda olmak üzere,
belli bafll› yabanc› para birimleri karfl›s›nda önemli ölçüde de¤er kayb›na u¤ram›fl ve bu raporun
haz›rland›¤› tarih itibariyle döviz kuru dengesi henüz oluflmam›flt›r.
25
Piyasalardaki dalgalanmalar›n ve belirsizliklerin bu raporun haz›rland›¤› tarih itibariyle devam etmesi
nedeniyle ekonomideki olumsuz geliflmelerin fiirket’in mali yap›s› üzerindeki nihai etkisi henüz belirli
de¤ildir.
DRT DENET‹M REV‹ZYON TASD‹K
YEM‹NL‹ MAL‹ MÜfiAV‹RL‹K A.fi.
Member Firm of
DELOITTE TOUCHE TOHMATSU
Bican Ç‹LTEPE
Sorumlu Ortak Bafl Denetçi
‹stanbul, 12 Mart 2001
Netafl - Northern Electric Telekomünikasyon A.fi.
Independent Auditors’ Report for the Period 1 January 2000 - 31 December 2000
We have audited the attached balance sheet of Netafl Northern Electric Telekomünikasyon A.fi. "the
Company" as of 31 December 2000 and the related statements of income for the year then ended. Our
audit was made in accordance with generally accepted auditing standards and accordingly included
such tests of the accounting records and such other auditing procedures as we considered necessary in the
circumstances.
In our opinion, the attached financial statements present fairly the financial position of the Company as
at 31 December 2000 and the results of its operations for the year then ended, in conformity with
legislation and generally accepted accounting principles applied on a consistent basis.
Without qualifying our opinion, as also discussed in note 12, we draw attention to the fact that Turkish
capital and money markets exhibited significant volatility and liquidity shortages after the balance sheet
date. This led to the abandonment, on 22 February 2001, of the managed exchange rate system which had
limited depreciation of the local currency, and its replacement with a free floating rate system. The Turkish
Lira has depreciated significantly against major currencies, including a devaluation of approximately 3540% against the US dollar, and exchange rates have not yet settled as of the date of this report. As the
volatility and uncertainties in the markets are ongoing, as of the date of this report, the effect of such
adverse developments in the economy on the Company’s financial position cannot yet be quantified.
The accompanying financial statements are not intended to present the financial position and results of
operations and cash flows in accordance with accounting principles and practices generally accepted in
countries and jurisdictions other than those in Turkey. The standards, procedures and practices to audit
such financial statements are those generally accepted and applied in Turkey.
DRT DENET‹M REV‹ZYON TASD‹K
YEM‹NL‹ MAL‹ MÜfiAV‹RL‹K A.fi
Member Firm of
DELOITTE TOUCHE TOHMATSU
Bican Ç‹LTEPE
Partner
Istanbul, March 12, 2001
26
10 YILLIK DURUM
2000
1999
1998
1997
1996
1995
1994
1993 1992 1991
150.073.340
96.225.582
55.097.373
40.708.234
19.158.602
7.384.093
4.700.077
3.490.284 1.864.878 930.455
Net Kâr (Zarar)
17.753.887
9.026.518
2.027.637
6.329.935
4.081.884
3.320.644
2.524.283
605.869 235.223 140.911
Net Çal›flma Sermayesi
44.568.984
29.446.001
21.129.694
13.516.005
7.820.319
5.206.163
4.104.800
1.147.904 408.615 222.155
Ödenmifl Sermaye
6.486.480
6.486.480
6.486.480
1.247.400
1.247.400
1.247.400
1.247.400
Yat›r›m Harcamalar›
2.934.000
1.385.000
1.154.700
864.843
534.579
454.226
Araflt›rma ve Gelifltirme Harcamalar›
13.195.545
6.892.520
4.860.837
2.216.089
1.103.189
Net Maddi ve Gayrimaddi Sabit K›ymetler
14.989.970
7.523.800
5.112.573
4.258.059
1.666.589
(18.377.887) (13.148.526)
(8.313.831)
Sat›fllar
27
(Milyon TL.)
Birikmifl Amortismanlar (-)
Personel Say›s›
1.076
1.247
1.239
252.000 126.000
36.000
352.532
104.609
77.601
13.686
583.478
331.067
154.810
95.645
54.852
937.087
470.900
149.315
81.011
29.361
(6.268.870) (2.969.348) (1.557.593)
(609.650)
1.656
1.601
1.522
1.486
(263.478) (146.255) (89.176)
1.954
1.955
1.737
10 YEAR REVIEW
(Million TL.)
2000
Sales
1999
1998
150,073,340 96,225,582
55,097,373
1997
1996
1995
17,753,887
9,026,518
2,027,637
6,329,935
Net Working Capital
44,568,984 29,446,001
21,129,694
13,516,005
4,081,884 3,320,644 2,524,283
605,869 235,223 140,911
7,820,319 5,206,163 4,104,800 1,147,904 408,615 222,155
Paid in Capital
6,486,480
6,486,480
6,486,480
1,247,400
Capital Expenditures
2,934,000
1,385,000
1,154,700
864,843
534,579
454,226
Research and Development Expenses
13,195,545
6,892,520
4,860,837
2,216,089
1,103,189
Net Tangible and Intangible Fixed Assets
14,989,970
7,523,800
5,112,573
4,258,059
1,666,589
Employees
1993 1992 1991
40,708,234 19,158,602 7,384,093 4,700,077 3,490,284 1,864,878 930,455
Net Profit (Loss)
Accumulated Depreciation (-)
1994
1,247,400 1,247,400 1,247,400
252,000 126,000
36,000
352,532
104,609
77,601
13,686
583,478
331,067
154,810
95,645
54,852
937,087
470,900
149,315
81,011
29,361
(18,377,887) (13,148,526) (8,313,831) (6,268,870) (2,969,348) (1,557,593) (609,650) (263,478) (146,255) (89,176)
1,076
1,247
1,239
1,656
1,601
1,522
1,486
1,954
1,955
1,737
28
Genel Müdürlük ve Fabrika
Head Office
Ankara Bürosu
Ankara Office
Alemda¤ Cad.
Ümraniye 81244
‹stanbul - Turkey
Cinnah Cad. No:10
Kavakl›dere 06690
Ankara - Turkey
Tel : +90 (216) 522 20 00
Fax : +90 (216) 522 22 22
Tel : +90 (312) 466 10 20
Fax : +90 (312) 466 10 26
Ortak Yat›r›m fiirketleri
Joint Ventures
29
Ron Telecom
Vesnet
Ofis / Office
4a, Darvina st. 454087
Chelyabinsk / Russian Federation
Ofis / Office
86 Gogol Street 5th Floor
480091 Almaty / Kazakhstan
Tel : +7 (3512) 62 24 69
Fax: +7 (3512) 62 24 69
Tel : +7 (3272) 50 62 62
Fax: +7 (3272) 50 62 63
Ofis / Office
101, Prospect Mira Ave.
Guipromez Building Office 213
129085 Moscow / Russian Federation
Fabrika / Factory
637000 Pavlodar
Kazakhstan
Tel : +7 (3182) 32 76 76
Fax: +7 (3182) 32 70 70
Tel : +7 (095) 247 24 33
+7 (095) 204 05 67
Fax: +7 (095) 247 24 33
Fabrika / Factory
Zarechnaya Street 13
456080 Trekhgorny
Chelyabinsk Region / Russian Federation
Tel : +7 (3511) 16 06 26
Fax: +7 (3511) 16 24 81
Netafl / Nortel Networks 2000 Faaliyet Raporu, Halkla ‹liflkiler Departman›
Alemda¤ Cad. Ümraniye 81244 ‹stanbul adresinden temin edilebilir.
Netafl / Nortel Networks 2000 Annual Report can be obtained from the following address:
Public Relations Department
Alemda¤ Cad. Ümraniye 81244 ‹stanbul - Turkey
www.netas.com.tr
e-mail: [email protected]