ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 128 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 Deferred Taxes The Group calculates deferred tax assets and liabilities on temporary differences on statement of financial position items arising from different evaluation of financial statements prepared in accordance with TAS and statutory accounting standards. In general, such temporary differences are resulted from accounting of income and expenses in different reporting periods in accordance with Tax laws and TAS accounting standards. Rates for deferred tax assets and liabilities calculated by liability method over temporary differences to be realized in future periods are 25%, 9%, 31,93% and 25,17% for Türkiye, Hungary, Germany and India, respectively. The details of cumulative temporary differences and the related deferred tax assets and liabilities calculated with currently enacted tax rates at 31 December 2024 and 2023 are as follows: Total temporary differences Deferred tax assets (liabilities) 31 December 31 December 31 December 31 December 2024 2023 2024 2023 Deferred tax assets Personnel bonus accrual (164.429.112) (90.337.480) 41.107.278 22.584.370 Accrued sales commissions (227.620.380) (137.157.492) 56.905.095 34.289.373 Provision for employment termination benefits (247.550.034) (214.975.933) 61.895.395 53.749.864 Adjustments related with TFRS 16 (781.673.475) (670.680.660) 178.768.846 156.033.552 Provision for unused vacation rights (75.682.516) (37.119.124) 18.920.629 9.279.781 Provision for litigation and indemnity (32.823.768) (25.850.764) 8.205.942 6.462.691 Adjustments related to property plant and equipment and intangible assets (766.494.700) (709.412.585) 153.298.940 186.324.921 Tax asset calculated on investment incentives (528.367.172) - 132.091.793 - Deferred tax asset calculated over unused previous years’ losses (254.015.459) (224.508.292) 81.567.110 72.073.897 Other (377.206.682) (371.222.681) 85.186.264 101.147.307 Deferred tax assets 817.947.292 641.945.756 Total temporary differences Deferred tax assets (liabilities) 31 December 31 December 31 December 31 December 2024 2023 2024 2023 Deferred tax liabilities Adjustments related to property, plant and equipment and intangible assets 1.748.730.512 1.597.404.539 (322.597.855) (388.270.446) Other 58.053.664 182.350.188 (14.513.422) (45.587.544) Deferred tax liabilities (337.111.277) (433.857.990) Deferred tax assets, net 480.836.015 208.087.766 The table of deferred tax movement is as follows: 1 January - 31 December 2024 1 January - 31 December 2023 As of 1 January 208.087.766 218.196.016 Foreign currency translation differences 46.670.231 93.604.286 Deferred tax income/(expense) for the current year 223.981.807 (143.119.948) Recognized in other comprehensive income 2.096.211 39.407.412 As of the end of the period 480.836.015 208.087.766