Statement

Summary of Maximum Exposure to Credit Risk for Trade and Subscriber Receivables, Other Assets and Cash and Cash Equivalent Arising from Sales Transactions Including those Classified as Due from Related Parties

The maximum exposure to credit risk for trade receivables, other assets and cash and cash equivalent arising from sales transactions, including those classified as due from related parties at the reporting date by type of customer is:

Less

Less Than

Than 60

Than 90

Less Than

Other assets at

30 Days Past

Days Past

120 Days

150 Days

3 years Past

4 years

5 years

31 December 2024 (*)

Not Due

Due

Past Due

Due

Past Due

Total

Gross Carrying Amount

110,985,804

1,545,456

315,159

200,441

163,139

278,217

1,065,717

265,058

123,443

114,942,434

Loss Allowance

128,504

39,809

12,336

9,641

12,499

11,917

210,105

182,562

51,239

658,612

(*)	Other Assets includes trade receivables, derivative financial instruments, financial assets, other current and non-current assets, cash and cash equivalent and due from related parties,

As of 31 December 2024, the total amount of derivative financial instruments, financial assets, other assets and cash and cash equivalent included in gross carrying amount is TL 97,242,368. TL and out of this total balance TL 97,084,546 is included within “not due” column with a total loss allowance of TL 9,790. Total overdue balance associated with these assets amounts to TL 157,821. Remaining balances represents trade receivables.

Less

Less Than

Than 60

Than 90

Less Than

Contract assets at

30 Days Past

Days Past

120 Days

150 Days

3 years Past

4 years

5 years

31 December 2024

Not Due

Due

Past Due

Due

Past Due

Total

Gross Carrying Amount

5,370,915

-

5,370,915

Loss Allowance

5,463

-

5,463

Less

Less Than

Than 60

Than 90

Less Than

Other assets from financial

30 Days Past

Days Past

120 Days

150 Days

3 years Past

4 years

5 years

services at 31 December 2024 (**)

Not Due

Due

Past Due

Due

Past Due

Total

Gross Carrying Amount

5,810,498

1,150,837

306,997

150,378

73,566

29,922

140,447

1,542

6,798

7,670,985

Loss Allowance

11,894

3,230

1,016

2,003

30,093

17,036

87,730

1,547

6,942

161,491

(**) Other Assets includes receivables from financial services,

Less

Less Than

Than 60

Than 90

Less Than

Other assets at

30 Days Past

Days Past

120 Days

150 Days

3 years Past

4 years

5 years

31 December 2023 (*)

Not Due

Due

Past Due

Due

Past Due

Total

Gross Carrying Amount

103,420,211

1,205,275

280,259

187,635

135,722

125,027

1,240,427

423,662

232,141

107,250,359

Loss Allowance

115,419

20,825

12,907

9,545

9,802

10,531

265,920

301,470

127,397

873,816

(*) Other Assets includes trade receivables, derivative financial instruments, financial assets, other current and non-current assets, cash and cash equivalent and due from related parties,

35.Financial instruments (continued)

Credit risk (continued)

Credit quality: (continued)

Less

Less Than

Than 60

Than 90

Less Than

Contract assets at

30 Days Past

Days Past

120 Days

150 Days

3 years Past

4 years

5 years

31 December 2023

Not Due

Due

Past Due

Due

Past Due

Total

Gross Carrying Amount

4,759,315

-

4,759,315

Loss Allowance

4,893

-

4,893

Less

Less Than

Than 60

Than 90

Less Than

Other assets from financial services at

30 Days Past

Days Past

120 Days

150 Days

3 years Past

4 years

5 years

31 December 2023 (**)

Not Due

Due

Past Due

Due

Past Due

Total

Gross Carrying Amount

8,473,931

651,486

120,539

30,901

37,716

13,186

164,149

2,989

9,000

9,503,897

Loss Allowance

48,342

5,023

1,862

2,153

14,893

6,816

121,101

2,979

8,998

212,167

(**) Other Assets includes receivables from financial services.

Summary of Analysis of Group's Financial Liabilities into Relevant Maturity Groupings Based on Contractual Maturities

The table below analyses the Group’s financial liabilities by considering relevant maturity groupings based on their contractual maturities for:

-

all non-derivative financial liabilities, and

-

gross settled derivative financial instruments for which contractual maturities are essential for an understanding of the timing of the cash flows,


	31 December 2024							31 December 2023
	Carrying	Contractual	6 months	6-12	1-2	2-5	More than 5	Carrying	Contractual	6 months	6-12	1-2	2-5	More than 5
	Amount	cash flows	or less	Months	years	years	Years	Amount	cash flows	or less	Months	years	years	Years
Non-derivative financial liabilities
Secured bank loans	7,822,576	(9,525,187)	(631,143)	(616,730)	(1,209,845)	(3,293,947)	(3,773,522)	6,820,818	(9,006,197)	(1,656,178)	(630,472)	(1,230,874)	(3,401,684)	(2,086,989)
Unsecured bank loans	54,577,537	(60,072,310)	(21,423,967)	(9,172,079)	(11,050,680)	(17,781,180)	(644,404)	65,063,445	(71,879,595)	(19,842,525)	(10,659,577)	(16,613,808)	(24,763,685)	-
Debt securities issued	37,117,622	(42,058,710)	(4,644,736)	(17,490,618)	(1,009,218)	(18,914,138)	-	46,010,564	(53,874,373)	(6,365,080)	(1,181,693)	(22,286,903)	(24,040,697)	-
Lease liabilities	4,822,524	(8,472,645)	(1,324,092)	(1,103,511)	(2,074,779)	(2,910,862)	(1,059,401)	3,504,921	(6,101,031)	(966,971)	(785,877)	(1,000,757)	(1,865,739)	(1,481,687)
Trade and other payables (*)	20,527,814	(20,527,814)	(20,256,183)	-	-	-	(271,632)	19,903,990	(19,903,990)	(19,695,803)	-	-	-	(208,187)
Due to related parties	960,149	(960,149)	(950,321)	(9,574)	-	(253)	-	852,969	(852,969)	(797,619)	-	(55,350)	-	-
Consideration payable in relation to acquisition of Belarusian Telecom and Boyut Enerji (Note 27)	1,304,706	(3,522,330)	-	-	-	(173,859)	(3,348,471)	1,482,853	(4,271,293)	-	-	(21,042)	(415,285)	(3,834,966)
Derivative financial liabilities
Participating Cross Currency Swap and FX swap contracts	495,467	(367,296)	47,738	(74,258)	(96,862)	(243,914)	-	511,635	(260,155)	423,229	(78,276)	(231,535)	(373,573)	-
Buy	-	(4,547,999)	(2,917,288)	(185,693)	(182,674)	(1,262,344)	-	-	(35,198,892)	(32,233,094)	(276,745)	(507,968)	(2,181,085)	-
Sell	-	4,180,703	2,965,026	111,435	85,812	1,018,430	-	-	34,938,737	32,656,323	198,469	276,433	1,807,512	-
TOTAL	127,628,395	(145,506,441)	(49,182,704)	(28,466,770)	(15,441,384)	(43,318,153)	(9,097,430)	144,151,195	(166,149,603)	(48,900,947)	(13,335,895)	(41,440,269)	(54,860,663)	(7,611,829)

(*)	Advances received, license fee accruals, taxes and withholding taxes payable are excluded from trade and other payables.

Financial liabilities


	Carrying	Fair
	amount	value
As at 31 December 2024:
Bank loans	8,890,170	8,882,444
Debt securities	34,114,065	33,913,271


	Carrying	Fair
	amount	value
As at 31 December 2023:
Bank loans	9,251,180	9,037,496
Debt securities	41,047,910	40,179,080

Statement

Summary of Variable Interest-Bearing Financial Instruments


		31 December 2024			31 December 2023
		Effective			Effective
		Interest		Carrying	interest		Carrying
	Note	Rate		Amount	Rate		Amount
Variable rate instruments
USD floating rate loans	28	5.8	%	(5,900,103)	3.9	%	(7,702,498)
EUR floating rate loans	28	4.5	%	(33,076,990)	2.1	%	(37,272,708)

Statement