CELEBİ 2021 ANNUAL REPORT

105 Çelebi Ground Handling Inc. 2022 Annual Report NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) NOTE 8 - TRADE RECEIVABLES AND PAYABLES Short-term trade receivables 31 December 2022 31 December 2021 Trade receivables from third parties 649.648.518 459.371.597 Less: Provision for impairment (98.676.286) (79.272.561) Trade receivables from third parties (net) 550.972.232 380.099.036 Trade receivables from related parties (Note 31) 1.682.036 589.742 Total short-term trade receivables 552.654.268 380.688.778 The average collection period of trade receivables is 0-2 months, and they are classified as short-term trade receivables. The Group holds its trade receivables to collect the contractual cash flows and therefore measures at amortized cost using the effective interest method. Movements of provisions for doubtful receivables within accounting periods are as follows: 31 December 2022 31 December 2021 Opening balance 79.272.561 53.241.619 Foreign currency translation differences 20.679.971 19.179.732 Collections and provisions released (3.654.004) (3.659.752) Additional provisions in the current period 2.377.758 10.510.962 Closing balance 98.676.286 79.272.561