v3.25.1
FINANCIAL INVESTMENTS
12 Months Ended
Dec. 31, 2024
FINANCIAL INVESTMENTS  
FINANCIAL INVESTMENTS

NOTE 4 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.

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