ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 118 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 14. Provisions, commitments, contingent assets and liabilities a) Short-Term Provisions Other short-term provisions 31 December 2024 31 December 2023 Provision for litigation and indemnity 40.505.412 35.830.909 40.505.412 35.830.909 Movements of other short-term provisions within the accounting period of 1 January - 31 December 2024 are as follows: 31 December 2024 31 December 2023 As of 1 January 35.830.909 10.679.098 Addition during the period 8.251.293 20.490.399 Payments during the period/provisions no longer required (4.342.121) (1.355.477) Translation differences 765.331 1.674.768 Transfer - 4.342.121 As of end of the period 40.505.412 35.830.909 Short-term provision for employee benefits 31 December 2024 31 December 2023 Provision for employee termination benefits (*) 67.549.863 20.797.399 Provision for unused vacation rights 132.300.042 65.813.803 199.849.905 86.611.202 (*) Consists of employee termination benefits of the outsourced employees of Çelebi GH Delhi, Çelebi Delhi Cargo and Çelebi Cargo, the subsidiaries of the Group. b) Long-term provisions Long-term provisions for employee benefits: 31 December 2024 31 December 2023 Provision for employment termination benefits 385.224.390 310.999.397 385.224.390 310.999.397 Provision for employment termination benefits is recorded based on the explanations below. The Group does not have any other defined benefit plans except for the legally mandatory one explained below. The provision has been calculated by estimating the present value of the future probable obligation of the Group arising from the retirement of employees. Under the Turkish Labour Law, the Group is required to pay termination benefits to each employee who has completed one year of service, who achieves the retirement age (58 for women and 60 for men), who has charged 25 years of services (20 years for women) and whose employment is terminated without due cause, is called up for military service or who dies.