EN

Board of Directors' Profit Distribution Proposal

REYSAŞ GYO A.Ş. 2011 Profit Distribution Table (TRY)

No. Description SPK (CMB) Basis Legal Records Basis
1. Paid-in/Issued Capital   170,000,000.00
2. Total Legal Reserves (According to Legal Records)   561,490.23

 

Information on any privilege related to profit distribution according to the Articles of Association:
NONE

No. Description SPK (CMB) Basis Legal Records Basis
3. Period Profit 23,172,170.00 23,269,812.72
4. Taxes Payable ( - ) (0.00) (0.00)
5. Net Period Profit ( = ) 23,172,170.00 23,269,812.72
6. Losses from Previous Years ( - ) 0 0
7. First Legal Reserve ( - ) (TTK 466) 1,163,490.64 1,163,490.64
8. NET DISTRIBUTABLE PERIOD PROFIT ( = ) 22,008,679.36 22,106,322.08
9. Donations Made During the Year ( + ) 0.00  
10. Net Distributable Profit Including Donations for Dividend Calculation   22,008,679.36

 

No. Description Amount (TRY)
11. First Dividend to Shareholders  
  - Cash 0
  - Bonus Shares 20,000,000.00
  - Total 20,000,000.00
12. Dividend Distributed to Preferred Stockholders 0
13. Dividend to Board Members, Employees, etc. 0
14. Dividend Distributed to Redemption Shareholders 0
15. Second Dividend to Shareholders 0
16. Second Legal Reserve 1,150,000.00
17. Statutory Reserves 0
18. Special Reserves 0
19. EXTRAORDINARY RESERVE  
20. Other Sources to be Distributed  
  - Previous Year Profit 0
  - Extraordinary Reserves 0
  - Other Distributable Reserves According to Law and Articles  

 

(*) The term "affiliate" includes subsidiaries, associates, and jointly controlled entities of the parent company.


INFORMATION ON DISTRIBUTED DIVIDEND RATIO

DIVIDEND PER SHARE INFORMATION

Group Total Dividend Amount (TRY) Dividend Per 1 TRY Nominal Share (TRY) Rate (%)
A 47,058.82 0.117647 11.76
B 19,952,941.18 0.117647 11.76
C 0 0 0
Total 20,000,000.00    

 

Group Net Dividend Amount (TRY) Dividend Per 1 TRY Nominal Share (TRY) Rate (%)
A 47,058.82 0.117647 11.76
B 19,952,941.18 0.117647 11.76
C 0 0 0
Total 20,000,000.00    

 

Description Amount (TRY) Ratio to Net Distributable Period Profit Including Donations (%)
Dividend Distributed to Shareholders 20,000,000.00 90.8732

 


GUIDELINES FOR PREPARING THE PROFIT DISTRIBUTION TABLE

  • Items 12, 13, 14, 15, 16, and 21 represent dividend amounts proposed to be distributed; the total amount can only be distributed if covered by net distributable profit according to legal records or other sources.

  • The upper limit of the dividend amount corresponds to the distributable amount according to the relevant profit distribution sources in the legal records.


Explanations for Table Items

  1. Paid-in/Issued Capital: Enter the company’s paid-in/issued capital.

  2. Total Legal Reserves: Enter the amount of legal reserves according to the latest annual financial statement period.

  3. Period Profit: Enter the pre-tax solo or consolidated period profit according to the Capital Markets Board (CMB) regulations. For financial statements prepared according to legal records, enter the pre-tax period profit.

  4. Taxes Payable: Enter tax amounts according to CMB income statements and legal records respectively.

  5. Net Period Profit: Calculate by subtracting taxes payable from period profit according to CMB and legal records.

  6. Losses from Previous Years: Enter previous years' losses according to CMB and legal records.

  7. First Legal Reserve: Calculated as 5% of the net period profit (after deducting previous losses if any), pursuant to Article 466 of the Turkish Commercial Code (TTK). It is mandatory to allocate until the reserve reaches one-fifth of the paid-in capital.

  8. Undistributed Profit of Consolidated Subsidiaries: For companies preparing consolidated financial statements, the distributable profit of subsidiaries where profit distribution decisions were not made should be deducted accordingly.

  9. Net Distributable Period Profit: Derived by deducting previous losses, first legal reserve, and undistributed profits of consolidated subsidiaries from net period profit; donations added back if any.

  10. Donations Made During the Year: Total amount of donations made during the year.

  11. Net Distributable Profit Including Donations: Used to calculate the first dividend by adding donations to net distributable profit.

  12. First Dividend to Shareholders: Calculated on the basis of net distributable profit including donations, as per CMB's determined rate.


Footnotes:

  • Past year losses refer to losses reported in past financial statements considering inflation accounting and changes in accounting policies.

  • Dividend distribution must be completed by the end of the fifth month following the fiscal year.

  • CMB sets minimum dividend distribution ratios annually.

REYSAŞ GYO A.Ş.

2012 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 190,000,000.00
2 Total Legal Reserves (According to Legal Records) 2,874,980.87

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
NONE.

  According to CMB According to Legal Records (LR)
3. Period Profit 31,015,378.00 33,517,283.46
4. Taxes Payable (-) 0 0
5. Net Period Profit (=) 31,015,378.00 33,517,283.46
6. Past Years' Losses (-) 0 0
7. First Legal Reserve (-) (Turkish Commercial Code Art.466) 1,675,864.17 1,675,864.17
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 29,339,513.83 31,841,419.29
9. Donations made during the year (+) 0.00  
10. Net distributable period profit including donations for calculating first dividend 29,339,513.83  

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash 0
- Bonus Shares (Stock Dividend) 27,000,000.00
- Total 27,000,000.00
12. Dividend Distributed to Preferred Stockholders 0
13. Dividend to Board Members, Employees, etc. 0
14. Dividend to Profit Participation Certificates Holders 0
15. Second Dividend to Shareholders 0
16. Second Legal Reserve  
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 2,339,513.83
20. Other Sources Planned to be Distributed 0
- Past Year Profit  
- Extraordinary Reserves  
- Other Distributable Reserves per Law and Articles  

 

(*) The term "affiliate" is used to include subsidiaries, joint ventures, and entities under joint management of the parent company.


INFORMATION ABOUT DISTRIBUTED DIVIDEND RATE

Group Total Dividend Amount (TL) Dividend per 1 TL Nominal Share (TL) Rate (%)
A 63,541.262 0.1421 14.21
B 26,936,458.738 0.1421 14.21
C 0 0 0
Total 27,000,000.00 0.1421 14.21

 

  • Net Dividend is the same as Gross Dividend here.


RATIO OF DIVIDEND TO NET DISTRIBUTABLE PROFIT INCLUDING DONATIONS

Description Amount (TL) Rate (%)
Dividend Distributed to Shareholders 27,000,000.00 92.02

 


Shareholding and Dividend Rights as of 31.12.2012

Share Group Number of Shares Capital Share Ratio Dividend Share (TL) Dividend per Share (%)
A Group 447,058 0.00235 63,541.262 0.1421
B Group 189,552,942 0.99765 26,936,458.738 0.1421
Total 190,000,000 1.00000 27,000,000.00  

 


Summary

The total dividend corresponds to 14.21% of the nominal share value, calculated as:

27.000.000/190.000.000=%14,21

REYSAŞ GYO A.Ş.

2013 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 217,000,000.00
2 General Legal Reserves (According to Legal Records) 4,550,845.00

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
NONE

  According to CMB According to Legal Records (LR)
3. Period Profit 24,636,912.00 26,085,219.15
4. Taxes (-) 0 0
5. Net Period Profit (=) 24,636,912.00 26,085,219.15
6. Past Years’ Losses (-) 0 0
7. General Legal Reserve (-) 1,304,260.96 1,304,260.96
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 23,332,651.04 24,780,958.19
9. Donations during the year (+) 0.00  
10. Net distributable period profit including donations 23,332,651.04  

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash 0
- Bonus Shares (Stock Dividend) 23,000,000.00
- Total 23,000,000.00
12. Dividend to Preferred Stockholders 0
13. Other Dividends Distributed  
- Board Members 0
- Employees 0
- Non-Shareholders 0
14. Dividend to Profit Participation Certificates Holders 0
15. Second Dividend to Shareholders 0
16. General Legal Reserves 0
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 332,651.04
20. Other Sources Planned to be Distributed 0

 


Dividend Distribution Ratios for 2013

Group Total Dividend Distributed (TL) Dividend / Net Distributable Period Profit (%) Dividend per 1 TL Nominal Share (TL) Dividend Rate (%)
A 54,117.647   0.00235 10.59907
B 22,945,882.353   0.99765 10.59907
Total 23,000,000.00      

 

REYSAŞ GYO A.Ş.

2014 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 240,000,000.00
2 General Legal Reserves (According to Legal Records) 5,855,106.00

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
NONE

  According to CMB According to Legal Records (LR)
3. Period Profit 7,395,793.00 13,221,339.47
4. Taxes (-) 0 0
5. Net Period Profit (=) 7,395,793.00 13,221,339.47
6. Past Years’ Losses (-) 0 0
7. General Legal Reserve (-) 661,066.97 661,066.97
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 6,734,726.03 12,560,272.50
9. Donations during the year (+) 0.00  
10. Net distributable period profit including donations 6,734,726.03  

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash 0
- Bonus Shares (Stock Dividend) 6,000,001.00
- Total 6,000,001.00
12. Dividend to Preferred Stockholders 0
13. Other Dividends Distributed  
- Board Members 0
- Employees 0
- Non-Shareholders 0
14. Dividend to Profit Participation Certificates Holders 0
15. Second Dividend to Shareholders 0
16. General Legal Reserves 0
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 734,725.03
20. Other Sources Planned to be Distributed 0

 


Dividend Distribution Ratios for 2014

Group Total Dividend Distributed (TL) Dividend per 1 TL Nominal Share (TL) Dividend Rate (%) Dividend / Net Distributable Period Profit (%)
A 14,117.648 0.002096 0.25 2.5
B 5,985,882.353 0.888809 0.25 2.5
Total 6,000,001.00 0.890905    

REYSAŞ GYO A.Ş.

2015 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 246,000,001.00
2 General Legal Reserves (According to Legal Records) 6,516,172.97

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
NONE

  According to CMB According to Legal Records (LR)
3. Period Profit (43,054,120.00) (31,160,266.40)
4. Taxes (-) 0 0
5. Net Period Profit (=) (43,054,120.00) (31,160,266.40)
6. Past Years’ Losses (-) 0 0
7. First Legal Reserve (-) - -
8. NET DISTRIBUTABLE PERIOD PROFIT (=) - -
9. Donations during the year (+) -  
10. Net distributable period profit including donations -  

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash -
- Bonus Shares (Stock Dividend) -
- Total -
12. Dividend to Preferred Stockholders 0
13. Other Dividends Distributed  
- Board Members 0
- Employees 0
- Non-Shareholders 0
14. Dividend to Profit Participation Certificates Holders 0
15. Second Dividend to Shareholders 0
16. General Legal Reserves 0
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 0
20. Other Sources Planned to be Distributed 0

 


2015 Dividend Rate Table

Group Total Distributed Dividend Dividend per 1 TL Nominal Share Dividend Rate (%) Dividend / Net Distributable Period Profit (%)
A - - - -
B - - - -
Total - - - -

 

REYSAŞ GYO A.Ş.

2016 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 246,000,001.00
2 General Legal Reserves (According to Legal Records) 6,516,172.97

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
NONE

  According to CMB According to Legal Records (LR)
3. Period Profit 131,380,940.00 (24,121,679.46)
4. Taxes (-) - -
5. Net Period Profit (=) 131,380,940.00 (24,121,679.46)
6. Past Years’ Losses (-) - -
7. First Legal Reserve (-) - -
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 131,380,940.00 (24,121,679.46)
9. Donations during the year (+) 35,400.00  
10. Net distributable period profit including donations 131,416,340.00  

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash -
- Bonus Shares (Stock Dividend) -
- Total -
12. Dividend to Preferred Stockholders 0
13. Other Dividends Distributed  
- Board Members 0
- Employees 0
- Non-Shareholders 0
14. Dividend to Profit Participation Certificates Holders 0
15. Second Dividend to Shareholders 0
16. General Legal Reserves 0
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 0
20. Other Sources Planned to be Distributed 0

 


Summary:

  • According to the Capital Markets Board (SPK) calculation, the company showed a significant profit in 2016 (131,380,940 TL), while legal records showed a loss.

  • No dividends were distributed, neither cash nor bonus shares.

  • A donation of 35,400 TL was made during the year.

  • No reserves or extraordinary funds were allocated.

REYSAŞ GYO A.Ş.

2017 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 246,000,001.00
2 General Legal Reserves (According to Legal Records) 6,516,172.97

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
NONE

  According to CMB According to Legal Records (LR)
3. Period Profit 105,983,000.00 (30,602,357.46)
4. Taxes (-) (404,610.00) -
5. Net Period Profit (=) 105,578,390.00 (30,602,357.46)
6. Past Years’ Losses (-) - -
7. First Legal Reserve (-) - -
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 105,578,390.00 (30,602,357.46)
9. Donations during the year (+) -  
10. Net distributable period profit including donations 105,578,390.00  

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash -
- Bonus Shares (Stock Dividend) -
- Total -
12. Dividend to Preferred Stockholders 0
13. Other Dividends Distributed  
- Board Members 0
- Employees 0
- Non-Shareholders 0
14. Dividend to Profit Participation Certificates Holders 0
15. Second Dividend to Shareholders 0
16. General Legal Reserves 0
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 0
20. Other Sources Planned to be Distributed 0

REYSAŞ GYO A.Ş.

2018 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 246,000,001.00
2 General Legal Reserves (According to Legal Records) 6,516,172.97

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
NONE

  According to CMB According to Legal Records (LR)
3. Period Profit 212,108,681.00 (103,976,972.48)
4. Taxes (-) - -
5. Net Period Profit (=) 212,108,681.00 (103,976,972.48)
6. Past Years’ Losses (-) - -
7. First Legal Reserve (-) - -
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 212,108,681.00 (103,976,972.48)
9. Donations during the year (+) -  
10. Net distributable period profit including donations 212,108,681.00  

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash -
- Bonus Shares (Stock Dividend) -
- Total -
12. Dividend to Preferred Stockholders 0
13. Other Dividends Distributed  
- Board Members 0
- Employees 0
- Non-Shareholders 0
14. Dividend to Profit Participation Certificates Holders 0
15. Second Dividend to Shareholders 0
16. General Legal Reserves 0
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 0
20. Other Sources Planned to be Distributed 0

REYSAŞ GYO A.Ş.

2019 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 246,000,001.00
2 General Legal Reserves (According to Legal Records) 6,516,172.97

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
None

  According to CMB According to Legal Records (LR)
3. Period Profit 548,706,851.00 (16,332,796.88)
4. Taxes (-) - -
5. Net Period Profit (=) 548,706,851.00 (16,332,796.88)
6. Past Years’ Losses (-) - -
7. General Legal Reserve (-) 0.00 -
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 548,706,851.00 (16,332,796.88)
9. Donations during the year (+) - -
10. Net distributable period profit including donations 548,706,851.00 (16,332,796.88)

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash 0.00
- Bonus Shares (Stock Dividend) -
- Total -
12. Dividend to Preferred Shareholders -
13. Other Dividends Distributed  
- Board Members -
- Employees -
- Non-Shareholders -
14. Dividend to Profit Participation Certificate Holders 0.00
15. Second Dividend to Shareholders 0.00
16. General Legal Reserves 0.00
17. Statutory Reserves -
18. Special Reserves -
19. Extraordinary Reserves 0.00
20. Other Sources Planned to be Distributed 0.00

 

REYSAŞ GYO A.Ş.

2020 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 246,000,001.00
2 General Legal Reserves (According to Legal Records) 6,516,172.97

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
None

  According to CMB According to Legal Records (LR)
3. Period Profit 410,426,474.00 (67,595,621.7)
4. Taxes (-) - -
5. Net Period Profit (=) 410,426,474.00 (67,595,621.7)
6. Past Years’ Losses (-) - -
7. General Legal Reserve (-) 0.00 -
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 410,426,474.00 (67,595,621.7)
9. Donations during the year (+) - -
10. Net distributable period profit including donations 410,426,474.00 (67,595,621.7)

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash 0.00
- Bonus Shares (Stock Dividend) -
- Total -
12. Dividend to Preferred Shareholders -
13. Other Dividends Distributed  
- Board Members -
- Employees -
- Non-Shareholders -
14. Dividend to Profit Participation Certificate Holders 0.00
15. Second Dividend to Shareholders 0.00
16. General Legal Reserves 0.00
17. Statutory Reserves -
18. Special Reserves -
19. Extraordinary Reserves 0.00
20. Other Sources Planned to be Distributed 0.00

REYSAŞ GYO A.Ş.

2021 Profit Distribution Table (TL)

No. Description Amount (TL)
1 Paid-in/Issued Capital 500,000,000.00
2 General Legal Reserves (According to Legal Records) 6,516,172.97

 

If there is a privilege regarding profit distribution according to the Articles of Association, information about this privilege:
None

  According to CMB According to Legal Records (LR)
3. Period Profit 1,547,649,705 (22,711,467.29)
4. Taxes (-) - -
5. Net Period Profit (=) 1,547,649,705 (22,711,467.29)
6. Past Years’ Losses (-) - -
7. General Legal Reserve (-) - -
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 1,547,649,705 (22,711,467.29)
9. Donations during the year (+) - -
10. Net distributable period profit including donations 1,547,649,705 (22,711,467.29)

 

Description Amount (TL)
11. First Dividend to Shareholders  
- Cash -
- Bonus Shares (Stock Dividend) -
- Total -
12. Dividend to Preferred Shareholders -
13. Other Dividends Distributed  
- Board Members -
- Employees -
- Non-Shareholders -
14. Dividend to Profit Participation Certificate Holders 0.00
15. Second Dividend to Shareholders 0.00
16. General Legal Reserves 0.00
17. Statutory Reserves -
18. Special Reserves -
19. Extraordinary Reserves 0.00
20. Other Sources Planned to be Distributed 0.00

 


2021 Dividend Ratios Table Summary

  • Total distributed dividend for 1 TL nominal share: None

  • Total distributed profit: None

  • No cash or stock dividends were distributed for any share group (A or B).

REYSAŞ GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

2022 Profit Distribution Table

No. Description Amount (TL)
1 Paid-in/Issued Capital 500,000,000
2 General Legal Reserve (According to Legal Records) 6,516,172.97

 

Privilege related to profit distribution according to the Articles of Association:
None

  According to CMB According to Legal Records (LR)
3. Period Profit 8,340,044,733.00 227,002,714.83
4. Taxes (-) 1,363,890.00 0.00
5. Net Period Profit (=) 8,338,680,843.00 227,002,714.83
6. Past Years’ Losses (-) 0.00 316,109,549.00
7. General Legal Reserve (-) 0.00 0.00
8. NET DISTRIBUTABLE PERIOD PROFIT (=) 8,338,680,843.00 0.00
9. Donations during the year (+) 0.00 -
10. Net distributable period profit including donations 8,338,680,843.00 -

 

Description Amount (TL)
11. First Dividend to Shareholders 0
- Cash 0
- Bonus Shares (Stock Dividend) 0
- Total 0
12. Dividend to Preferred Shareholders 0
13. Other Dividends Distributed 0
- Board Members 0
- Employees 0
- Non-Shareholders 0
14. Dividend to Profit Participation Certificate Holders 0
15. Second Dividend to Shareholders 0
16. General Legal Reserves 0
17. Statutory Reserves 0
18. Special Reserves 0
19. Extraordinary Reserves 0
20. Other Sources Planned to be Distributed 0

 


Dividend Ratios Table for 2022

Share Group Total Distributed Dividend Dividend/Net Distributable Period Profit Dividend per 1 TL Nominal Share Cash (TL) Bonus (TL) Ratio (%) Amount (TL)
A 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00