ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 91 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 TMS 21 Amendments - Lack of Convertibility In May 2024, KGK published amendments to TMS 21. The amendments specify how to assess whether a currency is convertible and how to determine the applicable exchange rate when a currency is not convertible. According to the change, when determining the applicable exchange rate for a currency that is not convertible, information should be provided to help financial statement users understand how the inability to exchange the currency with another currency affects or is expected to affect the entity’s performance, financial position, and cash flows. The amendments apply to annual reporting periods beginning on or after 1 January 2025. Early adoption is allowed, and in such cases, disclosures should be made in the notes. When the amendments are applied, comparative information will not be restated. The impact of this change on the Group’s financial position and performance is being evaluated. iii) Changes effective from the date of publication. TMS 12 Changes - International Tax Reform - Pillar Two Model Rules. In September 2023, KGK published amendments to TMS 12, introducing a mandatory exception for the recognition and disclosure of deferred tax assets and liabilities related to the Second Pillar income taxes. These amendments clarify that TMS 12 will apply to income data arising from tax laws that have been enacted or are near enactment, in line with the implementation of the Second Pillar Model Rules published by the Organization for Economic Co-operation and Development (OECD). The changes also introduce specific disclosure requirements for businesses affected by these tax laws. The exception regarding the recognition and disclosure of deferred taxes under this scope will be applied with the publication of the amendment. The mentioned change has not had a significant impact on the Group’s financial position or performance. iv) Changes published by the International Accounting Standards Board (IASB) but not yet issued by the Public Oversight Authority (KGK) The two changes related to IFRS 9 and IFRS 7, as well as the Annual Improvements to IFRS and IFRS 18 and IFRS 19 Standards, have been published by the IASB but have not yet been adapted or issued by the KGK for TFRS. Therefore, they do not constitute part of the TFRS. The Group will make the necessary changes to its consolidated financial statements and notes once these Standards and changes are implemented in TFRS. IFRS 9 and IFRS 7 Amendments - Classification and Measurement of Financial Instruments In May 2024, the IASB published amendments regarding the classification and measurement of financial instruments (related to IFRS 9 and IFRS 7). The amendments clarified that financial liabilities will be derecognized at the “settlement date.” Additionally, the amendments introduce an accounting policy choice to derecognize financial liabilities settled through an electronic payment system before the settlement date, provided certain conditions are met. The changes also provide explanatory provisions on how the cash flow characteristics of financial assets containing environmental, social, and governance (ESG)-linked or conditionally linked features should be evaluated, as well as on the application of non-recallable assets and financial instruments linked by contracts. Furthermore, the amendments add additional disclosures to IFRS 7 for financial assets and liabilities containing contractual provisions referring to a conditional event (including ESG-linked) and for equity-based financial instruments measured at fair value through other comprehensive income. The impact of the changes on the Group’s financial position and performance is being evaluated. Annual Improvements to IFRS Accounting Standards - 11 th Amendment In July 2024, the IASB published the “Annual Improvements to IFRS Accounting Standards/11 th Amendment,” which includes the following changes: - IFRS 1 First-time Adoption of International Financial Reporting Standards - Hedge accounting by an entity adopting IFRS for the first time: The change was made to eliminate potential confusion caused by inconsistencies between the terms in IFRS 1 and the hedge accounting provisions in IFRS 9. - IFRS 7 Financial Instruments: Disclosures - Gains or losses on derecognition: A change has been made in IFRS 7 regarding the expression of unobservable inputs, with a reference to IFRS 13 being added.