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34. BALANCES AND TRANSACTIONS WITH RELATED PARTIES

(continued)

Compensation of Key Management Personnel

35. SUBSEQUENT EVENTS

None.

2014

2013

Salaries and other short-term benefits

16,258,744

14,477,402

16,258,744

14,477,402

BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014

(Currency - US Dollars (“USD”) unless otherwise indicated)