CELEBI GROUND HANDLING 2025 AR

104 Çelebi Ground Handling 2025 Annual Report ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 2.8.14 Earnings Per Share Earnings per share, as stated in the consolidated income statement, are determined by dividing the consolidated net profit attributable to the parent company’s equity holders by the weighted average number of shares outstanding during the relevant period (Note 30). Companies in Turkey may increase their capital by distributing bonus shares to existing shareholders in proportion to their shares from retained earnings and the equity inflation adjustment differences. When calculating earnings per share, such bonus share issues are considered as issued shares. Therefore, the weighted average number of shares used in the earnings per share calculation is determined retrospectively, taking into account the issued bonus shares. 2.8.15 Events After the Balance Sheet Date If events requiring adjustment arise after the balance sheet date, the Group adjusts the amounts recognized in the financial statements to reflect the new situation. Non-adjusting events that occur after the balance sheet date are disclosed in the notes to the consolidated financial statements if they are significant enough to affect the economic decisions of financial statement users (Note 34). 2.8.16 Provisions, Contingent Liabilities, and Contingent Assets For a provision to be recognized in the consolidated financial statements, the Group must have a present legal or constructive obligation arising from past events, it must be probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and the amount of the obligation must be reliably estimable (Note 14). In cases where the effect of the time value of money is significant, the provision amount is determined as the present value of the expenses expected to be incurred to fulfil the obligation. The discount rate used to determine the present value of provisions considers the interest rates prevailing in the relevant markets and the risk specific to the liability. The discount rate must be a pre-tax rate and should not include risks related to future cash flow estimates. Obligations and assets that arise from past events but whose existence can only be confirmed by the occurrence or non- occurrence of one or more uncertain future events beyond the Group’s full control are considered contingent liabilities and assets. These are not recognized in the financial statements. 2.8.17 Related Parties A related party is a person or entity that is related to the reporting entity (the “Company”) (Note 31). a) A person or a close member of that person’s family is considered related to the reporting Company if that person: i) Has control or joint control over the reporting Company, ii) Has significant influence over the reporting Company, iii) Is a member of the key management personnel of the reporting Company or its parent. b) An entity is considered related to the reporting Company if any of the following conditions apply: i) The entity and the reporting Company belong to the same group (i.e., each parent, subsidiary, and fellow subsidiary is related to the others). ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a group to which the other entity belongs). iii) Both entities are joint ventures of the same third party. iv) One entity is a joint venture of a third entity, and the other entity is an associate of the same third entity. v) The entity has a post-employment benefit plan for the employees of the reporting Company, or an entity related to the reporting Company. If the reporting Company itself has such a plan, the sponsoring employers are also related to the reporting Company. vi) The entity is controlled or jointly controlled by a person identified in (a). vii) A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or its parent).