ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 92 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 - IFRS 9 Financial Instruments - Derecognition of lease liabilities by the lessee and transaction price: IFRS 9 was amended to clarify that when the lease liability is extinguished from the lessee’s perspective, any resulting gain or loss must be recognized in profit or loss, and the reference to “transaction price” has been removed. - IFRS 10 Consolidated Financial Statements - Identification of “de facto agent”: Changes were made to address inconsistencies in paragraphs of IFRS 10. - IAS 7 Statement of Cash Flows - Cost method: Following earlier amendments where the term “cost method” was removed, this term has now been removed from the standard. The impact of the changes on the Group’s financial position and performance is being evaluated. Changes to IFRS 9 and IFRS 7 - Contracts Relating to Electricity Generated from Natural Resources In December 2024, the IASB published a change regarding “Contracts Relating to Electricity Generated from Natural Resources” (related to IFRS 9 and IFRS 7). The change clarifies the application of provisions for the “own use” exception and permits hedge accounting when such contracts are used as hedging instruments. Additionally, the change introduces new disclosure requirements to ensure that investors understand the impact of these contracts on the company’s financial performance and cash flows. The impact of this change on the Group’s financial position and performance is being evaluated. IFRS 18 - New Financial Statement Presentation and Disclosure Standard In April 2024, the IASB published IFRS 18, replacing IAS 1. IFRS 18 introduces new provisions regarding the presentation of the income statement, including the requirement to present certain totals and subtotals. IFRS 18 requires businesses to present all income and expenses included in the income statement under one of five categories: operating activities, investing activities, financing activities, income taxes, and discontinued operations. The standard also requires the disclosure of performance measures set by management, and introduces new provisions for the aggregation or disaggregation of financial information in accordance with the roles defined for the primary financial statements and footnotes. With the publication of IFRS 18, certain changes have also been made to other financial reporting standards such as IAS 7, IAS 8, and IAS 34. The impact of this change on the Group’s financial position and performance is being evaluated. UFRS 19 - New Standard for Disclosures of Subsidiaries Without Public Accountability In May 2024, the IASB published IFRS 19, which offers the option of providing reduced disclosures when applying the recognition, measurement, and presentation requirements in IFRSs for certain businesses. Unless otherwise stated, businesses within the scope that choose to apply IFRS 19 will not be required to apply the disclosure requirements in other IFRSs. A business with a parent company (interim or ultimate) that is a subsidiary, not publicly accountable, and prepares consolidated financial statements in compliance with IFRSs available to the public, may choose to apply IFRS 19. The impact of this change on the Group’s financial position and performance is being evaluated. 2.6. Summary of Significant Accounting Policies 2.6.1 Recognition of Revenues Revenues are recognized on an accrual basis at the fair value of the amount received or receivable from the sale of goods and services. Net sales represent the invoiced amount for delivered goods and services, after deducting sales discounts and returns. If there is a significant financing component in the sales, the fair value is determined by discounting future payments at the interest rate inherent in the financing component. The difference is recognized as other income from operating activities for the relevant periods on an accrual basis. Dividend Income Dividend income is recognized when the right to receive the dividend arises.