ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 98 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Çelebi Ground Handling 2024 Annual Report The purchase price and the provisional fair values of the acquired assets and liabilities under IFRS 3 are summarized in the following table: 27 March 2024 Cash and cash equivalents 3.966.560 Trade receivables 71.666.910 Other receivables 1.021.232 Other current assets 15.332.951 Financial investments 1.373.301 Property, plant, and equipment 30.551.144 Deferred tax asset 6.913.971 Other non-current assets 1.219.439 Trade and other payables (77.305.167) Short-term borrowings (10.682.976) Other short-term liabilities (51.262.264) Long-term borrowings (2.150.961) Long-term provisions (42.600.622) Total identifiable assets value (100%) (provisional) (51.956.481) Foreign currency translation differences 9.017.830 Goodwill (provisional) 131.660.311 Total purchase consideration (provisional) 70.686.000 2.6.11 Trade Payables Trade payables represent the mandatory payments for goods and services obtained from suppliers as part of the company’s ordinary operations. Trade payables are initially recognized and recorded at their fair values. 2.6.12 Foreign Currency Transactions Transactions in foreign currencies during the period are translated into the functional currency at the exchange rates prevailing at the transaction dates. Foreign currency-denominated monetary assets and liabilities are translated at the exchange rates prevailing at the balance sheet date. Exchange differences arising from the translation of monetary assets and liabilities are recognized in the consolidated income statement. When translating foreign currency assets and liabilities into the presentation currency, the daily or average exchange rate is used. 2.6.13 Earnings Per Share Earnings per share, as stated in the consolidated income statement, are determined by dividing the consolidated net profit attributable to the parent company’s equity holders by the weighted average number of shares outstanding during the relevant period (Note 30). Companies in Turkey may increase their capital by distributing bonus shares to existing shareholders in proportion to their shares from retained earnings and the equity inflation adjustment differences. When calculating earnings per share, such bonus share issues are considered as issued shares. Therefore, the weighted average number of shares used in the earnings per share calculation is determined retrospectively, taking into account the issued bonus shares. 2.6.14 Events After the Balance Sheet Date If events requiring adjustment arise after the balance sheet date, the Group adjusts the amounts recognized in the financial statements to reflect the new situation. Non-adjusting events that occur after the balance sheet date are disclosed in the notes to the consolidated financial statements if they are significant enough to affect the economic decisions of financial statement users (Note 34).