ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 101 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 2.6.19 Employee Benefits Severance Pay The severance pay provision represents the present value of the estimated total liability for future obligations arising from employees’ retirement, based on the Turkish Labor Law and the laws applicable in the countries where the Group’s subsidiaries operate. Under the Turkish Labor Law, the Group is required to make a lump-sum severance payment to each employee who has completed at least one year of service, except in cases of voluntary resignation or termination due to misconduct. The obligation also applies in cases of dismissal, death, or retirement. The present value of the defined benefit obligation is calculated using the projected unit credit method. All actuarial gains and losses are recognized under equity. The severance pay liability is calculated by estimating the present value of the future probable obligation that will arise when employees of the Group’s subsidiaries retire. For companies operating in Turkey, certain transitional provisions have been introduced following the legislative changes on 23 May 2002, regarding pre-retirement service periods. The severance payment amount is equal to one month’s salary per year of service, subject to a maximum limit of TRY 41,828.42 as of 31 December 2024 (31 December 2023: TRY 23,489.83). Provision for Unused Vacation Days The Company recognizes a liability for the number of vacation days earned but not used by employees. This provision is classified as a short-term liability, measured without discounting, and is expensed as incurred in profit or loss. 2.6.20 Cash Flow Statement In the cash flow statement, cash flows for the period are classified and reported based on operating, investing, and financing activities. Cash flows from operating activities show the cash flows arising from the Group’s airport ground services and airport construction and operation activities. Cash flows related to investing activities show the cash flows used and generated by the Group’s investment activities (such as fixed and financial investments). Cash flows related to financing activities show the sources used by the Group in its financing activities and the repayments of those sources. 2.6.21 Dividends Receivables from dividends are recognized as income in the period in which they are declared. Dividend payables are reflected as liabilities in the consolidated financial statements in the period in which they are declared as part of the profit distribution. 2.6.22 Paid-in Capital Ordinary shares are classified under equity. Costs related to the issuance of new shares and options are deducted from the amount collected, net of tax effects, and are shown under equity. 2.6.23 Netting/Set-Off Any item that is material in terms of content and amount, even if of a similar nature, is shown separately in the consolidated financial statements. Non-material amounts, in terms of their bases and functions, are aggregated and shown together. If the substance of a transaction or event requires set-off, showing the net amount of this transaction or event or tracking the amount after impairment of assets does not constitute a violation of the no-netting rule. Revenues earned outside of the operating income, resulting from transactions carried out in the Group’s normal course of business, are shown at their net amount, provided they are in line with the substance of the transaction or event.