ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

22 Çelebi Ground Handling 2024 Annual Report The accounting records and financial statements of the subsidiaries, joint venture and associate operating in foreign countries, on the other hand, have been drawn up in accordance with the laws and regulations applicable in the countries where they are active. Consolidated financial statements are based on the statutory records of the Company, its subsidiaries, JV and associate, and have been issued to incorporate the required adjustments and reclassifications for the purpose of fair presentation pursuant to the Turkish Financial Reporting Standards. Assets and liabilities of consolidated foreign partnerships have been translated into Turkish lira using the exchange rate on the date of the consolidated financial condition statement, whereas income and expenses have been translated using the average exchange rate. Exchange differences resulting from the closing and the use of average exchange rate are followed up under the FC translation differences account under shareholders’ equity. These consolidated financial statements prepared in accordance with the applied Turkish Financial Reporting Standards, have been prepared in Turkish Liras and under the historical cost conversion except for the financial assets and liabilities presented at fair values, and the valuations related to the differences between the carrying value and fair value of the non-current assets recognized in business combinations. b) Reporting Currency Each line item in the financial statements of the group’s companies is recorded in the currency of the primary economic environment in which the companies operate. The consolidated financial statements are presented in TL, the reporting currency for the Group. The functional currencies of Group companies as of 31 December 2024 are detailed below. Company Currency Çelebi Ground Handling Euro (EUR) Celebi Delhi Cargo Indian Rupee (INR) Celebi NAS Indian Rupee (INR) CASI Indian Rupee (INR) CGHI Indian Rupee (INR) CGSC Indian Rupee (INR) KSU Indian Rupee (INR) DASPL Indian Rupee (INR) Çelebi Kargo Turkish Lira (TL) Celebi Cargo Euro (EUR) CGHH Hungarian Forint (HUF) Celebi Tanzania Tanzanian Shilling (TZS) PTN Indonesian Rupee (IDR) CAI Indonesian Rupee (IDR) Companies Incorporated into Consolidation The Group’s consolidated financial statements for the period ending 31 December 2024 include the results of the Company, Delhi Cargo, Celebi NAS, CASI, CGHI, CGSC, KSU, DASPL, Çelebi Kargo, Celebi Cargo, CGHH, Celebi Tanzania, PTN and CAI, which are jointly referred to as the “Group”. The consolidated financial statements for the period 1 January-31 December 2024 has been approved for the issuance by the Board of Directors on 11 March 2025, and signed by Osman Yılmaz, the General Manager, and Deniz Bal, the Director of Financial Affairs, on behalf of Board of Directors. 10. DONATIONS In the year ending 31 December 2024, the Group’s donations and grants to various foundations, associations, chambers, public institutions and organizations amounted to TL 96,677,830. TL 95,157,886 of this donation amount consists of the construction expenses of the additional building of the Erzincan University, which was realized as per the upper limits determined at the Ordinary General Assembly Meeting held on 16 April 2024. BOARD OF DIRECTORS 2024 ANNUAL REPORT