v3.25.1
FINANCIAL INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2024
FINANCIAL INVESTMENTS  
Summary of financial investments

    

2024

    

2023

Financial assets measured at fair value through profit or loss

 

2,207,315

2,298,590

- Investment funds (*)

 

2,207,315

2,298,590

Financial assets carried at amortized cost

177,428

188,685

- Eurobonds (**)

177,428

188,685

 

2,384,743

2,487,275

(*)Financial assets measured at fair value through profit or loss consists of mainly foreign currency based mutual funds which include government and private sector debt instruments (2023: Financial assets measured at fair value through profit or loss consists of investment funds which include government and private sector debt instruments).

(**)Financial assets carried at amortized cost consists of eurobonds and the weighted average interest rate of debt instruments denominated in USD at 31 December 2024 are 5.125 %. (2023: denominated in USD, 6.24%). There is a restriction on the financial asset until 5 December 2025 due to the letter of credit given by the financial institution.

Summary of movements of financial assets

The movements of financial assets measured at fair value through profit or loss are as follows:

    

2024

    

2023

Beginning of the period - 1 January

2,298,590

41,767

Purchase of financial investments

 

6,276,918

7,136,133

Change in fair value recognized in the statement of comprehensive income/(loss) (Note 18)

 

127,621

342,921

Foreign exchange gains

 

439,331

199,326

Sales of financial investments

 

(5,965,924)

(4,948,695)

Monetary loss

(969,221)

(472,862)

31 December

2,207,315

2,298,590

NOTE 4 - FINANCIAL INVESTMENTS (Continued)

The movements of financial assets carried at amortized cost are as follows:

2024

2023

Beginning of the period - 1 January

    

188,685

    

Purchase of financial investments

 

201,207

186,976

Foreign exchange gains

 

26,095

Interest accrual

 

1,676

1,709

Sales of financial investments

 

(181,513)

Monetary loss

(58,722)

31 December

177,428

188,685