ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 99 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 2.6.15 Provisions, Contingent Liabilities, and Contingent Assets For a provision to be recognized in the consolidated financial statements, the Group must have a present legal or constructive obligation arising from past events, it must be probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and the amount of the obligation must be reliably estimable (Note 14). In cases where the effect of the time value of money is significant, the provision amount is determined as the present value of the expenses expected to be incurred to fulfil the obligation. The discount rate used to determine the present value of provisions considers the interest rates prevailing in the relevant markets and the risk specific to the liability. The discount rate must be a pre-tax rate and should not include risks related to future cash flow estimates. Obligations and assets that arise from past events but whose existence can only be confirmed by the occurrence or non- occurrence of one or more uncertain future events beyond the Group’s full control are considered contingent liabilities and assets. These are not recognized in the financial statements. 2.6.16 Related Parties A related party is a person or entity that is related to the reporting entity (the “Company”) (Note 31). a) A person or a close member of that person’s family is considered related to the reporting Company if that person: Söz konusu kişinin; i) Has control or joint control over the reporting Company, ii) Has significant influence over the reporting Company, iii) Is a member of the key management personnel of the reporting Company or its parent. b) An entity is considered related to the reporting Company if any of the following conditions apply: i) The entity and the reporting Company belong to the same group (i.e., each parent, subsidiary, and fellow subsidiary is related to the others). ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a group to which the other entity belongs). iii) Both entities are joint ventures of the same third party. iv) One entity is a joint venture of a third entity, and the other entity is an associate of the same third entity. v) The entity has a post-employment benefit plan for the employees of the reporting Company, or an entity related to the reporting Company. If the reporting Company itself has such a plan, the sponsoring employers are also related to the reporting Company. vi) The entity is controlled or jointly controlled by a person identified in (a). vii) A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or its parent). 2.6.17 Reporting by Operating Segments Operating segments are assessed in parallel with the internal reporting and strategic segments presented to the Group’s decision-making authorities regarding its operations. The strategic decision-making authorities and individuals authorized to allocate resources to these segments and evaluate their performance are defined as the Group’s senior management. The Group’s senior management monitors the Group’s operations under two main business segments: airport ground handling services and cargo and warehouse services.