CELEBİ 2021 ANNUAL REPORT

87 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.) e) It is accounted by using the equity method. The capital share of the Group, directly or indirectly, in its subsidiary is shown below, the said capital share is equal to the Group’s effective ratio in the related companies: Associate Ownership interest (%) 31 December 2022 31 December 2021 DASPL 24,99 24,99 2.2. Change in accounting policies 2.2.1 Comparative information The financial statements of the Group have been prepared comparatively with the prior period in order to evaluate financial position and performance trends. Comparative figures are reclassified, where necessary, to conform to the changes in the presentation of the current period consolidated financial statements. The Group presented the consolidated statement of financial position as of 31 December 2022 comparatively with the consolidated statement of financial position as of 31 December 2021, presented the consolidated statement of profit or loss, consolidated statement of other comprehensive income, consolidated statement of cash flows and consolidated statement of changes in equity for the period ended on 31 December 2022 comparatively with the consolidated profit or loss, consolidated statement of cash flows, consolidated statement of changes in equity and consolidated statement of other comprehensive income for the period ended 31 December 2021. As of 31 December 2021, Delhi Cargo’s concession rights payables amounting to TL 39.023.634, presented under other payables in the consolidated statement of financial position, were reclassified to trade payables. 2.3 Changes in significant accounting policies 2.3.1 Changes in significant accounting policies Significant changes in accounting policies are applied retrospectively and prior period financial statements are restated. There has not been any significant change in the accounting policies of the Group in the current year. If the changes in accounting estimates are for only one period, they are applied prospectively in the current period when the change is made. If the changes in accounting estimates are related to future periods, they are applied prospectively both in the period when the change was made and in the future periods. There has not been any significant change in the accounting estimates of the Group in the current year. 2.4 Summary of significant accounting policies 2.4.1 Accounting of Income Revenue is recognized on an accrual basis at the fair value of the consideration received or receivable from the sale of goods and services. Net sales represent the invoiced value of goods delivered and services rendered free of sales discounts and returns. In the event that there is an important financing element in the sales, the fair value is determined by deducting the future collections from the interest rate within the financing element. The difference is recognized as other income from operating activities on an accrual basis. Dividend Income Dividend income is recognized as income at the time of collection.