Katmerciler Araç Üstü Ekipman A.Ş.

PROGRESS IN INVESTMENTS AND UTILIZATION OF INCENTIVES

R&D ACTIVITIES

 

Within the context of Company’s Development of Fire Equipment with Hydra Ladder of 45 Meters Project, the Company applied to TÜBİTAK (The Scientific and Technological Research Council of Turkey) to benefit from grants; received grants for TL 82,407 with reference to YMM (Chamber of Certified Public Accountants) reports No.485-03-187-17 dated 19.07.2011, and TL 138,957 with reference to YMM report no No.485/2011-03-240-70 dated 13.12.2011; making a total of TL 221,364. This amount is reflected in Special Funds, in Equity Capital.

 

INVESTMENTS

 

The Company spent TL 4,393,107 between 01.01.2011-31.12.2011, regarding our new investment activities, discloses by the announcement in the Public Disclosure Platform, dated 01.03.2011.