PASHA_BANK_ANNUAL REPORT 2022

The accompanying notes are an integral part of these financial statements Unconsolidated Financial Statements at 31 December 2022 VI. STATEMENT OF CASH FLOW Note Current Period 31/12/2022 Prior Period 31/12/2021 A. CASH FLOWS FROM BANKING OPERATIONS 1.1 Operating Profit Before Changes in Operating Assets and Liabilities 150,723 73,617 1.1.1 Interest Received 372,642 190,940 1.1.2 Interest Paid (216,457) (99,592) 1.1.3 Dividend Received - - 1.1.4 Fees and Commissions Received 59,001 11,736 1.1.5 Other Income 45,847 20,840 1.1.6 Collections from Previously Written-off Loans and Other Receivables 20,748 7,927 1.1.7 Payments to Personnel and Service Suppliers (41,829) (27,268) 1.1.8 Taxes Paid (50,834) (12,097) 1.1.9 Other (5.6.2) (38,395) (18,869) 1.2 Changes in Operating Assets and Liabilities 655,210 (94,884) 1.2.1 Net (Increase) Decrease in Financial Assets at Fair Value through Profit or Loss (8,804) (3,575) 1.2.2 Net increase (decrease) in due from banks (256,778) (65,638) 1.2.3 Net increase (decrease) in loans (569,097) (221,469) 1.2.4 Net increase (decrease) in other assets (5.6.2) (126) (444) 1.2.5 Net increase (decrease) in bank deposits - - 1.2.6 Net increase (decrease) in other deposits - - 1.2.7 Net increase (decrease) in financial liabilities at fair value through profit or loss - - 1.2.8 Net Increase/(Decrease) in Funds Borrowed 728,469 9,242 1.2.9 Net Increase/(Decrease) in matured Payables - - 1.2.10 Net Increase/(Decrease) in Other Liabilities (5.6.2) 761,546 187,000 I. Net Cash Provided from Banking Operations 805,933 (21,267) B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net Cash Provided from/(Paid For) Investing Activities 54,428 (148,666) 2.1 Cash paid for the purchase of associates, subsidiaries and joint ventures - - 2.2 Cash obtained from the sale of associates, subsidiaries and joint ventures - - 2.3 Cash paid for the purchase of tangible and intangible asset (8,393) (4,827) 2.4 Cash obtained from the sale of tangible and intangible asset 40 - 2.5 Cash paid for the purchase of financial assets at fair value through other comprehensive income (458,617) (52,561) 2.6 Cash obtained from the sale of financial assets at fair value through other comprehensive income 452,863 28,597 2.7 Cash paid for the purchase of financial assets at amortised cost (211,638) (119,875) 2.8 Cash obtained from sale of financial assets at amortised cost 280,173 - 2.9 Other - - C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net Cash Provided from Financing Activities (144,663) 65,638 3.1 Cash Obtained from Funds Borrowed and Securities Issued 2,170,687 596,425 3.2 Cash Used for Repayment of Funds Borrowed and Securities Issued (2,314,935) (530,634) 3.3 Equity instruments issued - - 3.4 Dividends Paid - - 3.5 Payments for Finance Lease Liabilities (415) (153) 3.6 Other - - IV. Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents (5.6.2) 119,763 115,356 V. Net Increase/(Decrease) in Cash and Cash Equivalents (I+II+III+IV) 835,461 11,061 VI. Cash and Cash Equivalents at the Beginning of the Period (5.6.1) 174,422 163,361 VII. Cash and Cash Equivalents at the End of the Period (V+VI) (5.6.1) 1,009,883 174,422 130 PASHA Bank 2022 Annual Report Pasha Yatırım Bankası A.Ş. (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Convenience translation of publicly announced unconsolidated financial statements originally issued in turkish, see note I of section three