ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 110 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 movement table of borrowings from lease transactions between 1 January 2024 and 31 December 2024 is as follows: 31 December 2024 31 December 2023 Beginning of the period - 1 January 3.012.379.136 1.818.776.387 Additions 36.274.389 312.195.273 Interest expense 149.646.796 104.571.100 Lease payments (441.991.640) (335.810.757) Exchange differences and foreign currency translation differences 339.902.934 1.112.647.133 End of the period - 31 December 3.096.211.615 3.012.379.136 8. Trade receivables and payables Short-term trade receivables 31 December 2024 31 December 2023 Trade receivables from third parties 2.195.169.876 1.514.277.545 Less: Provision for impairment (207.238.629) (170.963.628) Trade receivables from third parties (net) 1.987.931.247 1.343.313.917 Trade receivables from related parties (Note 31) 3.343.182 4.213.897 Total short-term trade receivables 1.991.274.429 1.347.527.814 The average collection period of trade receivables is 0-2 months, and they are classified as short-term trade receivables. Movements of provisions for doubtful receivables within accounting periods are as follows: 31 December 2024 31 December 2023 Opening balance 170.963.628 98.676.286 Additional provisions in the current period 6.872.149 30.650.211 Foreign currency translation differences 13.355.569 47.606.450 Collections and provisions released - (5.969.319) Purchase effect (Note 2) 16.047.283 - Closing balance 207.238.629 170.963.628