1 BOYNER BÜYÜK MAĞAZACILIK ANONIM ŞIRKETI FOR THE

BOYNER BÜYÜK MAĞAZACILIK ANONIM ŞIRKETI
FOR THE YEAR ENDED DECEMBER 31, 2014
RELATED PARTY DISCLOSURES
Main shareholders of Boyner are Boyner Perakende A.Ş. and Boyner Holding, which is the parent company of
Boyner Perakende A.Ş. For the financial statements, the balances of Boyner Holding and their affiliates and
subsidiaries along with other Boyner Holding companies are disclosed as separate items and these companies are
described as related parties.
The Company’s related party balances are as follows:
31 December 2014
Trade
Other
Due from related parties
Boyner Perakende A.Ş. (1)
Beymen (2)
Fırsat Elektronik (2)
Ran Konfeksiyon (2)
Boyner Bireysel Ürünler Satış ve Paz. A.Ş. (Boyner
Bireysel) (2)
5.028.526
9.213.805
5.483
83.722.954
35.750.902
-
3.936.478
2.203.332
14.727
75.118.480
-
-
-
612
-
14.247.814
119.473.856
6.155.149
75.118.480
31 December 2014
Trade
Other
Due to related parties
Ay Marka Mağazacılık A.Ş. (Ay Marka) (2)
BR Mağazacılık (2)
Beymen Mağazacılık A.Ş. (2)
Boyner Holding (2)
Boyner Perakende A.Ş. (1)
Alsis Sigorta Acenteliği A.Ş (Alsis) (2)
Altınyıldız Tekstil ve Konfeksiyon A.Ş.
(Altınyıldız Tekstil)(2)
BYN Gayrımenkul (2)
Fırsat Teknoloji A.Ş. (2)
(1)
(2)
31 December 2013
Trade
Other
31 December 2013
Trade
Other
43.594.062
6.007.923
3.346.580
520.558
773.983
940.944
-
31.871.416
5.339.645
684.766
915.713
278.205
850.099
-
287.533
37.536
-
-
234.206
518
-
55.509.119
-
40.174.568
-
Company shareholders
Other related parties
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The detail of transactions with related parties is as below:
1 January 31 December 2014
1 January 31 December 2013
42.566.323
21.390.457
15.407.915
58.637
20.492
1.737
-
28.041.355
12.484.529
11.772.282
23.160
6.032
522.832
(348)
5.383.048
4.532.987
4.104.613
1.145.266
516.197
69.115
27.700
-
5.921.308
2.789.016
371.092
432.770
775.160
28.200
367.978
1.398
85.739
1.010.633
764.790
625.410
30.710
-
296.951
22.970
1.918.901
Expenses
Goods purchases
Ay Marka(2)
Beymen(2)
BR Mağazacılık(2)
Altınyıldız Tekstil(2)
Boyner Holding(2)
Fırsat Elektronik(2)
Boyner Perakende A.Ş. (1)
Sağlık Tekstil A.Ş. (2)
Service purchases
Boyner Holding(2) (*)
Boyner Perakende A.Ş. (1)
Alsis Sigorta(2)
Fırsat Elektronik(2)
BYN Gayrimenkul(2)
Ay Marka(2)
Boğaziçi Yatçılık(2)
Altınyıldız Tekstil(2)
Boyner Bireysel(2)
Citibank N.A(2)
Interest/ other expenses (**)
Ay Marka(2)
Altınyıldız Tekstil(2)
Boyner Perakende A.Ş. (1)
Beymen(2)
Boyner Holding(2)
(1)
(2)
(*)
(**)
Company shareholders
Other related parties
Represents the consultancy fees charged due to the legal and financial consultancy and resources provided by
Boyner Holding.
Represents royalty and interest payments which paid to the companies.
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1 January 31 December 2014
1 January 31 December 2013
Goods sales
Fırsat Elektronik(2)
Beymen(2)
Boyner Perakende A.Ş. (1)
Ran Konfeksiyon(2)
Boyner Holding(2)
Boyner Bireysel(2)
Ay Marka(2)
13.618.451
4.144.263
105.102
153.408
35.232
26.695
-
3.751.050
2.258.712
504.097
139.381
5.130
1.140
Service sales
Boyner Perakende A.Ş. (1)
Boyner Holding(2)
Ay Marka(2)
Fırsat Elektronik(2)
2.836.499
13.792
10.458
44.529
966.911
-
62.372.824
4.157.685
52.057
35.240
-
7.573.145
3.481.232
39.004
100.550
357.776
Revenues
Interest/Other revenues (*)
Beymen(2)
Ay Marka(2)
BR Mağazacılık(2)
Fırsat Elektronik(2)
Boyner Holding(2)
(1)
(2)
Company shareholders
Other related parties
(*)
Includes sales of assets, royalty, inventory tracking system and interest incomes.
As of 31 December 2014 and 31 December 2013, the Company does not have any doubtful receivables arising
due from related parties.
Director’s remuneration and defined contribution/benefit plan
As of 31 December 2014, the total amount of benefits and salaries provided to the executive members of the
Company management are as TRY 20.775.197 (31 December 2014: TRY 6.612.905). Premiums paid to Social
Security Institution amounts to TRY 338.832 (31 December 2013: TRY 131.165). As of 31 December 2014 and
31 December 2013 there has been no retirement payment to the top management.
Due to changes in senior management organization in 2014, amounts of salaries and benefits provided to senior
management level increased in comparison to previous year.
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