CELEBI GROUND HANDLING 2025 AR

94 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.) 2.3 Going concern The Group has prepared the consolidated financial statements based on the assumption that the entity will continue its operations for the foreseeable future. 2.4 Comparative Information and Restatement of Financial Statements from Previous Periods To enable the identification of financial position and performance trends, the Group’s current period consolidated financial statements are prepared comparably with the previous period. In order to ensure consistency with the presentation of the current period consolidated financial statements, comparative information is reclassified when necessary. 2.5 Changes in accounting estimates Changes in accounting estimates are applied prospectively. If the change relates only to a single period, it is recognized in the current period in which the change is made; if the change relates to both the current and future periods, it is recognized in both the current and future periods. The significant estimates used in the preparation of the consolidated financial statements for the period ended 31 December 2025 are consistent with those used in the preparation of the consolidated financial statements for the period ended 31 December 2024. 2.6 Changes in accounting policies and errors Significant changes in accounting policies are applied retrospectively and the prior period financial statements are restated accordingly. The accounting policies used in the preparation of the consolidated financial statements for the period ended 31 December 2025 are consistent with those used in the preparation of the consolidated financial statements for the period ended 31 December 2024. Material accounting errors identified are corrected retrospectively and prior period financial statements are restated accordingly. 2.7 New and Revised Turkish Financial Reporting Standards The accounting policies used in the preparation of the consolidated financial statements for the period ending on 31 December 2025, have been applied consistently with those used in the previous year, except for the new and revised TFRS and TFRS interpretations effective as of 1 January 2025, summarized below. The effects of these standards and interpretations on the Group’s financial position and performance are explained in the relevant paragraphs. i) The new standards, amendments and interpretations which are effective as of January 1, 2025 are as follows: Amendments to TAS 21 - Lack of exchangeability In May 2024, POA issued amendments to TAS 21. The amendments specify how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when exchangeability is lacking. When an entity estimates a spot exchange rate because a currency is not exchangeable into another currency, it discloses information that enables users of its financial statements to understand how the currency not being exchangeable into the other currency affects, or is expected to affect, the entity’s financial performance, financial position and cash flows. When applying the amendments, an entity cannot restate comparative information. The amendments did not have a significant impact on the financial position or performance of the Group. ii) Standards issued but not yet effective and not early adopted Standards, interpretations and amendments to existing standards that are issued but not yet effective up to the date of issuance of the consolidated financial statements are as follows. The Group will make the necessary changes if not indicated otherwise, which will be affecting the consolidated financial statements and disclosures, when the new standards and interpretations become effective.