Cover Page
Cover Page - shares | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Entity Information [Line Items] | ||
Document Type | 20-F | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2023 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | FY | |
Entity Registrant Name | TURKCELL ILETISIM HIZMETLERI A S | |
Entity File Number | 1-15092 | |
Entity Incorporation, State or Country Code | W8 | |
Entity Central Index Key | 0001071321 | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Document Annual Report | true | |
Document Transition Report | false | |
Document Shell Company Report | false | |
Document Registration Statement | false | |
Entity Voluntary Filers | No | |
Entity Interactive Data Current | Yes | |
Entity Address, Address Line One | Turkcell Kucukyali Plaza | |
Entity Address, Address Line Two | Aydinevler Mahallesi Inonu Caddesi | |
Entity Address, Address Line Three | No:20 Kucukyali Ofispark Maltepe | |
Entity Address, City or Town | Istanbul | |
Entity Address, Postal Zip Code | 34854 | |
Entity Address, Country | TR | |
Document Accounting Standard | International Financial Reporting Standards | |
ICFR Auditor Attestation Flag | true | |
Document Financial Statement Error Correction [Flag] | false | |
Auditor Name | GUNEY BAGIMSIZ DENETIM VE SERBEST MUHASEBECI MALI MUSAVIRLIK A.S. | PWC BAGIMSIZ DENETIM VE SERBEST MUHASEBECI MALI MUSAVIRLIK A.S. |
Auditor Location | Istanbul, Turkiye | Istanbul, Turkiye |
Auditor Firm ID | 1750 | 1346 |
Business Contact [Member] | ||
Entity Information [Line Items] | ||
City Area Code | 212 | |
Local Phone Number | 313 18 88 | |
Contact Personnel Name | Ms. Ozlem Yardim | |
Entity Address, Address Line One | Turkcell Kucukyali Plaza | |
Entity Address, Address Line Two | Aydinevler Mahallesi Inonu Caddesi | |
Entity Address, Address Line Three | No:20 Kucukyali Ofispark Maltepe | |
Entity Address, City or Town | Istanbul | |
Entity Address, Postal Zip Code | 34854 | |
Contact Personnel Fax Number | 90 216 504 40 58 | |
Entity Address, Country | TR | |
Ordinary shares [member] | ||
Entity Information [Line Items] | ||
Title of 12(b) Security | Ordinary Shares Nominal Value TRY 1.000 | |
Entity Common Stock, Shares Outstanding | 2,200,000,000 | |
No Trading Symbol Flag | true | |
Group A Ordinary Shares | ||
Entity Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 330,000,000 | |
Group B Ordinary Shares | ||
Entity Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 1,870,000,000 | |
American Depositary Shares [Member] | ||
Entity Information [Line Items] | ||
Trading Symbol | TKC | |
Title of 12(b) Security | American Depositary Shares,each representing 2.5 ordinary shares | |
Security Exchange Name | NYSE |
CONSOLIDATED STATEMENT OF FINAN
CONSOLIDATED STATEMENT OF FINANCIAL POSITION - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Assets | ||
Property, plant and equipment | ₺ 66,650,246 | ₺ 71,494,396 |
Right-of-use assets | 6,136,092 | 8,054,305 |
Intangible assets | 58,511,397 | 61,498,735 |
Investment properties | 142,365 | 179,085 |
Trade receivables | 325,862 | 492,274 |
Receivables from financial services | 593,550 | 469,830 |
Contract assets | 101,281 | 110,487 |
Financial assets at fair value through other comprehensive income | 106,023 | 3,049,667 |
Financial assets at fair value through profit or loss | 541,490 | 426,147 |
Deferred tax assets | 1,128,749 | 2,732,413 |
Investments in equity accounted associate and joint venture | 5,869,618 | 3,801,087 |
Other non-current assets | 4,430,424 | 5,368,170 |
Total non-current assets | 144,537,097 | 157,676,596 |
Inventories | 540,507 | 494,988 |
Trade receivables | 10,925,645 | 10,982,217 |
Due from related parties | 171,373 | 125,967 |
Receivables from financial services | 5,842,112 | 5,399,259 |
Contract assets | 3,191,739 | 3,112,465 |
Derivative financial instruments | 2,044,765 | 3,348,871 |
Financial assets at amortized cost | 1,233,597 | |
Financial assets at fair value through profit or loss | 8,869,828 | 6,648,418 |
Cash and cash equivalents | 49,978,716 | 42,776,160 |
Other current assets | 3,875,773 | 3,190,642 |
Subtotal | 85,440,458 | 77,312,584 |
Assets held for sale | 17,105,770 | |
Total current assets | 102,546,228 | 77,312,584 |
Total assets | 247,083,325 | 234,989,180 |
Equity | ||
Share capital | 32,334,546 | 32,334,546 |
Share premium | 7,683 | 7,683 |
Treasury shares | (741,311) | (710,768) |
Reserves | 5,574,979 | 2,403,426 |
Remeasurements of defined benefit plans | (2,047,211) | (2,049,632) |
Retained earnings | 87,119,133 | 77,386,263 |
Total equity attributable to equity holders of Turkcell Iletisim Hizmetleri A.S. ("the Company") | 122,247,819 | 109,371,518 |
Non-controlling interests | (12,954) | 6,421 |
Total equity | 122,234,865 | 109,377,939 |
Liabilities | ||
Borrowings | 57,946,648 | 61,185,299 |
Trade and other payables | 1,110,700 | 56,550 |
Due to related parties | 38,337 | 1,546 |
Employee benefit obligations | 2,052,325 | 2,949,486 |
Provisions | 1,379,435 | 1,596,203 |
Deferred tax liabilities | 2,286,164 | 8,991,083 |
Contract liabilities | 1,193,665 | 1,248,479 |
Other non-current liabilities | 1,113,468 | 1,106,591 |
Total non-current liabilities | 67,120,742 | 77,135,237 |
Borrowings | 26,137,561 | 27,552,086 |
Current tax liabilities | 213,374 | 401,197 |
Trade and other payables | 20,606,223 | 17,018,439 |
Due to related parties | 552,449 | 397,612 |
Deferred revenue | 248,003 | 214,040 |
Provisions | 1,975,543 | 1,242,279 |
Contract liabilities | 1,312,519 | 1,401,669 |
Derivative financial instruments | 354,370 | 248,682 |
Subtotal | 51,400,042 | 48,476,004 |
Liabilities directly associated with the assets held for sale | 6,327,676 | |
Total current liabilities | 57,727,718 | 48,476,004 |
Total liabilities | 124,848,460 | 125,611,241 |
Total equity and liabilities | ₺ 247,083,325 | ₺ 234,989,180 |
CONSOLIDATED STATEMENT OF PROFI
CONSOLIDATED STATEMENT OF PROFIT OR LOSS - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | [1] | Dec. 31, 2021 | [1] | |
CONSOLIDATED STATEMENT OF PROFIT OR LOSS | |||||
Revenue | ₺ 102,962,781 | ₺ 90,206,307 | ₺ 105,251,583 | ||
Revenue from financial services | 4,153,403 | 3,280,539 | 3,348,061 | ||
Total revenue | 107,116,184 | 93,486,846 | 108,599,644 | ||
Cost of revenue | (82,240,256) | (80,360,678) | (85,135,182) | ||
Cost of revenue from financial services | (2,177,779) | (1,320,251) | (1,002,885) | ||
Total cost of revenue | (84,418,035) | (81,680,929) | (86,138,067) | ||
Gross profit | 20,722,525 | 9,845,629 | 20,116,401 | ||
Gross profit from financial services | 1,975,624 | 1,960,288 | 2,345,176 | ||
Total gross profit | 22,698,149 | 11,805,917 | 22,461,577 | ||
Other income | 882,782 | 348,611 | 356,404 | ||
Selling and marketing expenses | (5,682,346) | (4,592,793) | (5,201,034) | ||
Administrative expenses | (3,429,518) | (2,579,411) | (2,658,343) | ||
Net impairment losses on financial and contract assets | (1,008,164) | (621,978) | (847,035) | ||
Other expenses | (5,648,334) | (1,406,976) | (2,010,123) | ||
Operating profit | 7,812,569 | 2,953,370 | 12,101,446 | ||
Finance income | 12,663,682 | 3,957,684 | 11,527,996 | ||
Finance costs | (19,931,617) | (11,949,156) | (21,308,035) | ||
Monetary gain (loss) | 3,816,872 | 7,767,102 | 4,804,527 | ||
Net finance costs / income | (3,451,063) | (224,370) | (4,975,512) | ||
Share of profit of an associate and a joint venture | 1,525,175 | 522,221 | 191,303 | ||
Profit before income tax from continuing operations | 5,886,681 | 3,251,221 | 7,317,237 | ||
Income tax income/ (expense) | 4,675,891 | 2,785,265 | (900,339) | ||
Profit for the year from continuing operations | 10,562,572 | 6,036,486 | 6,416,898 | ||
Profit /(loss) from discontinued operations | 1,969,674 | 842,370 | 718,727 | ||
Profit for the year | 12,532,246 | 6,878,856 | 7,135,625 | ||
Profit for the year is attributable to: | |||||
Owners of the Company | 12,553,996 | 6,880,436 | 7,135,436 | ||
Non-controlling interests | (21,750) | (1,580) | 189 | ||
Profit for the year | ₺ 12,532,246 | ₺ 6,878,856 | ₺ 7,135,625 | ||
Basic earnings per share for profit attributable to owners of the Company (in full TL) | ₺ 5.75 | ₺ 3.15 | ₺ 3.27 | ||
Diluted earnings per share for profit attributable to owners of the Company (in full TL) | 5.75 | 3.15 | 3.27 | ||
Basic and diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL | 4.85 | 2.77 | 2.94 | ||
Diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL) | ₺ 4.85 | ₺ 2.77 | ₺ 2.94 | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
CONSOLIDATED STATEMENT OF OTHER
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME | |||||
Profit for the period | ₺ 12,532,246 | ₺ 6,878,856 | [1] | ₺ 7,135,625 | [1] |
Items that will not be reclassified to profit or loss: | |||||
Remeasurements of defined benefit plans | (149,757) | (1,824,873) | (541,628) | ||
Income tax relating to remeasurements of defined benefit plans | 152,178 | 363,876 | 108,418 | ||
Remeasurements of employee benefits, net of tax | 2,421 | (1,460,997) | (433,210) | ||
Items that may be reclassified to profit or loss: | |||||
Exchange differences on translation of foreign operations | 2,860,231 | (748,669) | 7,164,377 | ||
Gain on financial assets measured at fair value through other comprehensive income | 149,602 | (121,999) | (192,475) | ||
Cash flow hedges - effective portion of changes in fair value | 5,256,277 | 9,415,938 | 7,243,111 | ||
Cash flow hedges - reclassified to profit or loss | (3,683,081) | (7,129,115) | (6,255,142) | ||
Cost of hedging reserve - changes in fair value | (784,883) | (3,046,104) | (4,302,532) | ||
Cost of hedging reserve - reclassified to profit or loss | 395,519 | 875,435 | 423,428 | ||
Loss on hedges of net investments in foreign operations | (2,342,679) | (520,930) | (3,886,535) | ||
Income tax relating to these items | 984,420 | (66,764) | (760,237) | ||
- Income tax relating to exchange differences | (491,059) | (887,185) | (2,330,871) | ||
- Income tax relating to cash flow hedges | 25,502 | (89,836) | (86,967) | ||
- Income tax relating to cost of hedging reserve | 274,034 | 434,134 | 775,821 | ||
- Income tax relating to financial assets measured at fair value | (5,514) | 35,988 | 38,164 | ||
- Income tax relating to hedges of net investments | 1,181,457 | 440,135 | 843,616 | ||
Items that may be reclassified to profit or loss, net of tax | 2,835,406 | (1,342,208) | (566,005) | ||
Other comprehensive income/(loss) for the year, net of income tax | 2,837,827 | (2,803,205) | (999,215) | ||
Total comprehensive income for the year | 15,370,073 | 4,075,651 | 6,136,410 | ||
Total comprehensive income for the year is attributable to: | |||||
Owners of the Company | 15,391,823 | 4,077,231 | 6,136,221 | ||
Non-controlling interests | (21,750) | (1,580) | 189 | ||
Total comprehensive income for the year | ₺ 15,370,073 | ₺ 4,075,651 | ₺ 6,136,410 | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - TRY (₺) ₺ in Thousands | Share capital [member] | Treasury shares [member] | Additional paid-in capital [member] | Share premium [member] | Legal reserve [member] | [1] | Fair Value Reserve [Member] | [1] | Hedges of net investments in foreign operations [Member] | [1] | Hedging reserve [member] | [1] | Cost of hedging reserve [member] | [1] | Foreign currency translation reserve [member] | [1] | Remeasurement of defined benefit plans [member] | Retained earnings [member] | Reserve of disposal group held for sale [member] | Total [member] | Non-controlling interests [member] | Total | |
Beginning balance at Dec. 31, 2020 | ₺ 32,334,546 | ₺ (798,490) | ₺ 129,465 | ₺ 7,683 | ₺ 21,733,847 | ₺ 6,221 | ₺ (1,250,417) | ₺ (471,562) | ₺ (2,457,266) | ₺ (15,900,121) | ₺ (155,425) | ₺ 77,387,034 | ₺ 110,565,515 | ₺ 114 | ₺ 110,565,629 | ||||||||
Profit/ (loss) for the year | 7,135,436 | 7,135,436 | 189 | 7,135,625 | [2] | ||||||||||||||||||
Other comprehensive income/(loss) for the year, net of income tax | (154,311) | (3,042,919) | 901,002 | (3,103,283) | 4,833,506 | (433,210) | (999,215) | (999,215) | |||||||||||||||
Total comprehensive income for the year | (154,311) | (3,042,919) | 901,002 | (3,103,283) | 4,833,506 | (433,210) | 7,135,436 | 6,136,221 | 189 | 6,136,410 | |||||||||||||
Transfers to legal reserves | 1,941,748 | (1,941,748) | |||||||||||||||||||||
Dividend paid | 69,360 | (9,032,088) | (8,962,728) | (8,962,728) | |||||||||||||||||||
Other | (34,327) | (34,327) | (858) | (35,185) | |||||||||||||||||||
Ending balance at Dec. 31, 2021 | 32,334,546 | (729,130) | 95,138 | 7,683 | 23,675,595 | (148,090) | (4,293,336) | 429,440 | (5,560,549) | (11,066,615) | (588,635) | 73,548,634 | 107,704,681 | (555) | 107,704,126 | ||||||||
Profit/ (loss) for the year | 6,880,436 | 6,880,436 | (1,580) | 6,878,856 | [2] | ||||||||||||||||||
Other comprehensive income/(loss) for the year, net of income tax | (86,011) | (80,795) | 2,196,987 | (1,736,535) | (1,635,854) | (1,460,997) | (2,803,205) | (2,803,205) | |||||||||||||||
Total comprehensive income for the year | (86,011) | (80,795) | 2,196,987 | (1,736,535) | (1,635,854) | (1,460,997) | 6,880,436 | 4,077,231 | (1,580) | 4,075,651 | |||||||||||||
Transfers to legal reserves | 709,189 | (709,189) | |||||||||||||||||||||
Dividend paid | 18,362 | (2,391,534) | (2,373,172) | (2,373,172) | |||||||||||||||||||
Other | ₺ (95,138) | 57,916 | (37,222) | 8,556 | (28,666) | ||||||||||||||||||
Ending balance at Dec. 31, 2022 | 32,334,546 | (710,768) | 7,683 | 24,384,784 | (234,101) | (4,374,131) | 2,626,427 | (7,297,084) | (12,702,469) | (2,049,632) | 77,386,263 | 109,371,518 | 6,421 | 109,377,939 | |||||||||
Profit/ (loss) for the year | 12,553,996 | 12,553,996 | (21,750) | 12,532,246 | |||||||||||||||||||
Other comprehensive income/(loss) for the year, net of income tax | 144,088 | (1,161,222) | 1,598,698 | (115,330) | 2,369,172 | 2,421 | 2,837,827 | 2,837,827 | |||||||||||||||
Total comprehensive income for the year | 144,088 | (1,161,222) | 1,598,698 | (115,330) | 2,369,172 | 2,421 | 12,553,996 | 15,391,823 | (21,750) | 15,370,073 | |||||||||||||
Transfers to legal reserves | 336,147 | (336,147) | |||||||||||||||||||||
Dividend paid | 20,212 | (2,484,979) | (2,464,767) | (2,464,767) | |||||||||||||||||||
Discontinued operations | (6,140,191) | ₺ 6,140,191 | |||||||||||||||||||||
Acquisition of treasury shares | (50,755) | (50,755) | 2,375 | (48,380) | |||||||||||||||||||
Ending balance at Dec. 31, 2023 | ₺ 32,334,546 | ₺ (741,311) | ₺ 7,683 | ₺ 24,720,931 | ₺ (90,013) | ₺ (5,535,353) | ₺ 4,225,125 | ₺ (7,412,414) | ₺ (16,473,488) | ₺ (2,047,211) | ₺ 87,119,133 | ₺ 6,140,191 | ₺ 122,247,819 | ₺ (12,954) | ₺ 122,234,865 | ||||||||
[1]Included in Reserves in the consolidated statement of financial position.[2]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Profit for the year from | |||||
Profit for the year from continuing operations | ₺ 10,562,572 | ₺ 6,036,486 | [1] | ₺ 6,416,898 | [1] |
Discontinued operations | 1,969,674 | 842,370 | [1] | 718,727 | [1] |
Profit for the year | 12,532,246 | 6,878,856 | [1] | 7,135,625 | [1] |
Adjustments for: | |||||
Depreciation and impairment of property, plant and equipment and investment properties | 11,971,461 | 15,034,317 | 14,171,912 | ||
Amortization of intangible assets and right-of-use assets | 21,495,684 | 20,160,690 | 19,698,077 | ||
Impairment on property, plant and equipment and intangible asset | (1,421) | 391,616 | 32,204 | ||
Net finance expense | 2,705,359 | 3,424,909 | 2,698,761 | ||
Fair value adjustments to derivatives | (1,313,993) | 2,427,062 | (7,509,357) | ||
Income tax expense | (4,383,918) | (2,661,572) | 900,339 | ||
Gain on sale of property, plant and equipment | 15,979 | 35,502 | (98,440) | ||
Effects of exchange rate changes and inflation adjustments | 10,470,553 | 5,783,400 | 28,734,911 | ||
Provisions | 4,699,380 | 2,757,078 | 4,088,441 | ||
Share of (profit)/loss of associates and joint ventures | (1,525,175) | (522,221) | (191,303) | ||
Fair value adjustments to financial assets through profit or loss | (4,604,960) | (1,738,728) | |||
Non-cash other adjustments | 3,712 | 198,772 | 147,960 | ||
Cash flows from (used in) operations before changes in working capital | 52,064,907 | 52,169,681 | 69,809,130 | ||
Change in trade receivables | (139,488) | 695,393 | 1,574,713 | ||
Change in due from related parties | (39,338) | 348,368 | (410,728) | ||
Change in receivables from financial services | (572,122) | (3,562) | 1,479,545 | ||
Change in inventories | (98,561) | 260,863 | 19,578 | ||
Change in other current assets | (1,243,350) | (144,637) | 104,128 | ||
Change in other non-current assets | 785,975 | (107,361) | 317,001 | ||
Change in due to related parties | (387,620) | (319,013) | 17,709 | ||
Change in trade and other payables | 935,946 | (1,758,712) | (1,361,918) | ||
Change in other non-current liabilities | 42,319 | 43,561 | 1,207,414 | ||
Change in employee benefit obligations | (564,023) | (111,268) | (169,308) | ||
Change in short term contract asset | (70,561) | 86,892 | 388,238 | ||
Change in long term contract asset | 9,206 | 72,230 | 289,169 | ||
Change in deferred revenue | 129,985 | (139,688) | (98,232) | ||
Change in short term contract liability | (89,150) | (106,319) | 98,261 | ||
Change in long term contract liability | 405,430 | 44,293 | (7,448) | ||
Changes in other working capital | (1,528,600) | (1,470,725) | (3,280,191) | ||
Cash generated from operations | 49,640,955 | 49,559,996 | 69,977,061 | ||
Interest paid | (7,356,137) | (5,943,326) | (6,053,353) | ||
Income tax paid | (563,330) | (1,335,544) | (2,276,959) | ||
Net cash inflow from operating activities | 41,721,488 | 42,281,126 | 61,646,749 | ||
Cash flows from investing activities: | |||||
Acquisition of property, plant and equipment | (14,216,712) | (15,381,134) | (18,058,499) | ||
Acquisition of intangible assets | (15,287,059) | (11,152,761) | (13,435,350) | ||
Proceeds from sale of property, plant and equipment | 338,387 | 1,160,686 | 683,346 | ||
Payment for acquisition of subsidiary, net of cash acquired | (234,680) | ||||
Payments for advances given for acquisition of property, plant and equipment | (1,744,603) | (348,938) | |||
Contribution of increase of share capital in joint ventures/associates | (543,356) | (1,014,279) | (1,614,614) | ||
Cash inflows from sale of shares or borrowing instruments of other enterprises or funds | 15,307,389 | 2,158,111 | 2,295,452 | ||
Cash outflows from purchase of shares or borrowing instruments of other enterprises or funds | (16,115,347) | (3,560,647) | (3,428,074) | ||
Cash (outflows)/inflows from financial assets at amortized cost | 14,043,065 | (1,592) | 789,278 | ||
Cash outflows from financial assets at fair value through profit or loss | (10,257,554) | (6,162,440) | |||
Interest received | 5,825,402 | 3,986,591 | 4,342,451 | ||
Net cash outflow from investing activities | (20,905,785) | (31,712,068) | (29,009,628) | ||
Cash flows from financing activities: | |||||
Proceeds from derivative instruments | 7,749,663 | 5,961,522 | 5,987,453 | ||
Repayments of derivative instruments | (4,756,730) | (5,264,741) | (5,715,348) | ||
Proceeds from issues of loans and borrowings | 62,689,793 | 53,139,280 | 43,150,810 | ||
Proceeds from issues of bonds | 7,824,254 | 4,472,292 | 636,194 | ||
Repayments of borrowings | (54,790,770) | (44,653,449) | (41,372,286) | ||
Repayments of bonds | (5,289,151) | (3,564,408) | (470,654) | ||
Dividends paid to shareholders | (2,484,979) | (2,391,534) | (8,962,728) | ||
Acquisition of treasury shares | (50,755) | (858) | |||
Payments of lease liabilities | (4,121,990) | (4,310,581) | (3,129,580) | ||
Net cash outflow from financing activities | 6,769,335 | 3,388,381 | (9,876,997) | ||
Net increase in cash and cash equivalents | 27,585,038 | 13,957,439 | 22,760,124 | ||
Cash and cash equivalents at 1 January | 42,742,204 | 50,398,771 | 43,662,519 | ||
Effects of exchange rate changes and inflation adjustments on cash and cash equivalents | (16,502,367) | (21,614,006) | 15,807,882 | ||
Cash and cash equivalents at 31 December | ₺ 53,824,875 | ₺ 42,742,204 | ₺ 50,398,771 | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Reporting entity
Reporting entity | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Reporting entity | 1. Reporting entity Turkcell Iletisim Hizmetleri Anonim Sirketi (the “Company” or “Turkcell”) was incorporated in Turkiye on 5 October 1993 and commenced its operations in 1994. The address of the Company’s registered office is Maltepe Aydinevler Mahallesi Inonu Caddesi No: 20, Kucukyali Ofispark/Istanbul. It is engaged in establishing and operating a Global System for Mobile Communications (“GSM”) network in Turkiye and regional states. In April 1998, the Company signed a license agreement (the “2G License”) with the Ministry of Transport and Infrastructure of Turkiye (the “Turkish Ministry”), under which it was granted a 25-year GSM license in exchange for a license fee of USD 500,000. The License permits the Company to operate as a stand-alone GSM operator and releases it from some of the operating constraints in the Revenue Sharing Agreement, which was in effect prior to the 2G License. Under 2G license, the Company pays in cash the Undersecretariat of the Treasury (the “Turkish Treasury”) a monthly tax levy, namely a ‘treasury share’ equal to 15% of the Company’s gross revenue from Turkish GSM operations. The Company continues to build and operate its GSM network and is authorized to, among other things, set its own tariffs within certain limits, charge peak and off-peak rates, offer a variety of service and pricing packages, issue invoices directly to subscribers, collect payments and deal directly with subscribers. Following the 3G tender held by the Information Technologies and Communications Authority (“ICTA”) regarding the authorization for providing IMT-2000/UMTS services and infrastructure, the Company has been granted the A-Type license (the “3G License”) providing the widest frequency band, at a consideration of EUR 358,000 (excluding Value Added Tax (“VAT”)). Payment of the 3G license was made in cash, following the necessary approvals, on 30 April 2009. On 7 April 2023, the Company and ICTA agreed for the extension the 2G License (which was valid until 27 April 2023). With this extension, 2G License validity has been extended to 30 April 2029 for a consideration of EUR 120 million (plus EUR 21.6 million of value-added taxes). The initial payment which includes the down payment for the extension fee and total amount of value-added taxes, amounting to EUR 81.6 million has been paid in Turkish Lira at the amount of TRY 1.7 billion during 2023. The remaining amount will be paid in two equal installments amounting to EUR 31.1 million within two years (on 30 April 2024 and 30 April 2025, respectively). On 26 August 2015, “Authorization Tender on IMT Services and Infrastructure” publicly known as “4.5G license” tender, was held by the ICTA and the Company was awarded with a total frequency band of 172.4 MHz for 13 years. The tender price is EUR 1,623,460 (excluding VAT of 18%). IMT authorization period expires on 30 April 2029 and operators were able to commence service delivery for 4.5G starting from 1 April 2016. 2x1.4 MHz frequency band in 900MHz spectrum and 2 units of 2x5 MHz frequency bands in 2100 MHz spectrum were commenced on 1 December 2015, while remaining packages were commenced on 1 April 2016. The Company is obliged to pay the ICTA a monthly treasury shares equal to 90% of 15% of gross revenue and 10% is paid for a universal service fund. In addition, the Company pays annual contributions in an amount equal to 0.35% of net revenue to the ICTA’s expenses and 5% of net revenue to ICTA as a frequency fee (TRx). As of 31 December 2023, the capital shares and voting rights of TVF Bilgi Teknolojileri Iletisim Hizmetleri Yatırım Sanayi ve Ticaret Anonim Sirketi (“TVF BTIH”) and IMTIS Holdings S.a r l. (“IMTIS Holdings”) in the Company are 26.2% and 19.8%, respectively since 22 October 2020. The proportion of the Company’s shares that are traded in domestic and foreign stock exchanges are 53.95% (Note 25). 1. Reporting entity (continued) The Group’s immediate and ultimate parents are TVF BTIH, wholly owned by Turkiye Varlik Fonu (“TVF”), and TVF respectively as of 31 December 2023. TVF has been established with the Law No. 6741 and published in the Official Gazette dated 26 August 2016. 15% of the total issued shares of Turkcell, owned by TVF BTIH, have been re-classified as a separate class of Group A Shares (the “Group A Shares”); (i) A nomination privilege has been created on the Group A Shares, allowing the holders thereof to nominate four candidates for appointment of five members of the board of directors of the Company; a voting privilege has been created on the Group A Shares, allowing the holders thereof to cast six votes for each Group A Share in respect of the appointment of a. five members of the board of directors of the Company, and b. the chairman of the presiding committee of the general assembly of shareholders; (ii) All shareholders of the Company (including the holders of Group A Shares) are entitled to cast one vote per share on all other matters submitted to a vote of Turkcell’s shareholders, including the appointment of the residual four members of the board of directors of Turkcell (including independent ones); (iii) The chairman of the board of directors shall be elected among the members of the board of directors elected through the exercise of the privileges granted to Group A Shares; (iv) The meeting quorum requirement of the board of directors requires five members constituting the majority of full number of its members, and the decision quorum requires the affirmative vote of at least five members present in the meeting; and (v) So long as the above-mentioned privileges are in effect, unlimited authority to represent and bind Turkcell regulated under Article 370 of Turkish Commercial Code shall be exercised by two members of the board of directors of the Company, including at least one member of the board of directors of the Company appointed through the exercise of the said privileges by the holders of Group A Shares. The Company’s board of directors consists of a total of nine non-executive members including three independent members as of 31 December 2023. The consolidated financial statements of the Company as at and for the year ended 31 December 2023 comprise the Company and its subsidiaries (together referred to as the “Group”) and the Group’s interest in associate and a joint venture. Subsidiaries of the Company, their locations and their nature of operations are disclosed in Note 39. The Company’s and each of its subsidiaries’, associate’s and joint venture’s financial statements are prepared as at and for the year ended 31 December 2023. |
Basis of preparation and summar
Basis of preparation and summary of material accounting policies | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Basis of preparation and summary of material accounting policies | 2. Basis of preparation and summary of material accounting policies This note provides a list of the material accounting policies adopted in the preparation of these consolidated financial statements to the extent they have not already been disclosed in the other notes below. These policies have been consistently applied to all the years presented, unless otherwise stated. The consolidated financial statements are for the Group consisting of the Company and its subsidiaries and the Group’s interest in an associate and a joint venture. The accompanying consolidated financial statements are based on the statutory records, with adjustments and reclassifications for the purpose of fair presentation in accordance with IFRS as issued by the IASB. The financial statements have been prepared on a historical cost basis, except for the following measured at fair value: - Derivative financial instruments, - Financial asset at fair value through profit or loss and other comprehensive income. (a) The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and interpretations issued by the IFRS Interpretations Committee (“IFRICs”) applicable to companies reporting under IFRS. The financial statements comply with IFRS as issued by the International Accounting Standards Board (“IASB”). The accounting policies, presentation and methods of computation are consistent with those of the previous financial year and corresponding reporting period, unless otherwise stated. The General Assembly has the power to amend and reissue the financial statements. The consolidated financial statements as at and for the year ended 31 December 2023 were authorized for issue by the Board of Directors on 13 May 2024. (b) Restatement of financial statements during the hyperinflationary periods The financial statements of the Company and those of the subsidiaries, associates and joint ventures located in Turkiye and Turkish Republic of Northern Cyprus for the year ended 31 December 2023 were restated for the changes in the general purchasing power of Turkish Lira, which is their functional currency, based on International Accounting Standard No. 29 (“IAS 29”) “ Financial Reporting in Hyperinflationary Economies ”. IAS 29 requires that financial statements prepared in the currency of a hyperinflationary economy be stated in terms of the measuring unit current at the balance sheet date and that corresponding figures for previous periods be restated in the same terms. One characteristic that necessitates the application of IAS 29 is a cumulative three-year inflation rate approaching or exceeding 100%. Cumulative three-year inflation rate in Turkiye reached 268.3% as at 31 December 2023, based on the Turkish nation-wide Consumer Price Index (“CPI”) announced by the Turkish Statistical Institute (“TSI”). However, IAS 29 does not establish the rate of 100% as an absolute rate at which hyperinflation is deemed to arise. It is a matter of judgment when restatement of financial statements in accordance with IAS 29 becomes necessary. Moreover, hyperinflation is also indicated by characteristics of the economic environment of a country. 2. Basis of preparation and summary of material accounting policies (continued) (b) Restatement of financial statements during the hyperinflationary periods (continued) The table below shows the evolution of CPI in the last three years and as of 31 December 2023: 2023 2022 2021 2020 Annual Index 1,859.38 1,128.45 686.95 504.81 Average Index 1,488.91 967.71 561.61 469.59 Yearly Inflation 64.8 % 64.3 % 36.1 % 14.6 % Cumulative Inflation (last three years) 268.3 % 156.2 % 74.4 % 54.2 % In a period of inflation, an entity holding an excess of monetary assets over monetary liabilities loses purchasing power and an entity with an excess of monetary liabilities over monetary assets gains purchasing power to the extent the assets and liabilities are not linked to a price level. The gain or loss on the net monetary position is included in the statement of profit or loss as monetary gain (loss) item. The Company restated all the non-monetary items in order to reflect the impact of the inflation restatement reporting in terms of the measuring unit current as of 31 December 2023. Consequently, the main items restated were Property, Plant and Equipment, Intangible assets, Right-of-Use Assets, Inventories, Investments in Equity Accounted Associate and Joint Venture and the Equity items. Monetary items have not been restated because they are stated in terms of the measuring unit current as of 31 December 2023. Comparative figures must also be presented in the current currency of 31 December 2023 and are restated using the general price index of the current year. Therefore, all comparative figures for the previous reporting periods have been restated, including foreign subsidiaries, by applying a general price index, so that the resulting comparative financial statements are presented in terms of the current unit of measurement as of the closing date of the reporting period. In the statement of profit or loss, except for depreciation and amortization which is calculated using inflation adjusted asset basis, items are restated from the dates when the items of income and expense were initially recorded. The Group uses monthly general price index for this purpose. Similar to statement of profit or loss, all items in the statement of other comprehensive income are expressed in terms of the measuring unit current at balance sheet date. Therefore, all amounts are restated by applying the change in the general price index from the dates when the items of income and expenses were initially recorded in the financial statements. All items in the statement of cash flows are expressed in a measuring unit current at the balance sheet date. The subsidiaries that use functional currencies other than Turkish Lira (foreign companies with economies that are not considered to be hyperinflationary), do not apply IAS 29 (except for the adjustment of inflation for comparative presentation). The Group restates all comparative consolidated results and financial position in terms of the measuring unit current at the reporting date. The initial items of the statement of changes in equity are reported at the closing rate without modifying its total amount due to the fact that it is translated into the closing exchange rate, which implies that a translation adjustment is recognized under retained earnings and other comprehensive results. 2. Basis of preparation and summary of material accounting policies (continued) (c) (i) Transactions and balances Transactions denominated in foreign currencies are translated into the functional currency using the exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated into the functional currency using the exchange rates at that date. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are translated to the functional currency using the exchange rates at the date when the fair value was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss. For example, translation differences on non-monetary assets and liabilities such as assets held at fair value through profit or loss are recognized in profit or loss as part of the fair value gain or loss and translation differences on assets classified as at fair value through other comprehensive income are recognized in other comprehensive income. Foreign exchange gains and losses are recognized in profit or loss, except: ● For capitalized foreign exchange differences relating to borrowings to the extent that they are regarded as an adjustment to interest costs eligible for capitalization. Foreign exchange differences are deferred in equity if they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment in a foreign operation. Foreign exchange gains and losses are presented in the statement of profit or loss on a net basis within finance income or finance costs. (ii) Foreign operations The results and financial position of foreign operations (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: ● Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet, ● Equity for each balance sheet presented is translated at historic cost at the date of transaction, ● Income and expenses for each statement of profit or loss and statement of comprehensive income are translated at average monthly exchange rates (unless this is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions) and ● All resulting exchange differences are recognized in other comprehensive income and accumulated in the foreign currency translation reserve, in equity. On consolidation, exchange differences arising from the translation of borrowings designated as hedges of any net investment in foreign entities are recognized in other comprehensive income. When a foreign operation is sold, the associated exchange differences are reclassified to profit or loss, as part of the gain or loss on sale. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate. 2. Basis of preparation and summary of material accounting policies (continued) (d) The preparation of the consolidated financial statements requires the use of accounting estimates. Management also needs to exercise judgment in applying the Group’s accounting policies. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Alterations to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are described below: Allowance for doubtful receivables For trade receivables, other receivables, other assets and contract assets the Group applies the simplified approach to providing for expected credit losses (ECL) prescribed in IFRS 9, which requires the use of the lifetime expected loss provision. The Group performed the calculation of ECL rates separately for individual, corporate and wholesale customers. The ECLs were calculated based on actual credit loss experience over the past years. Exposures within each group were segmented based on common credit risk characteristics such as delinquency status. Future collection performance of receivables is estimated by considering general economic conditions to incorporate forward looking information to the expected credit loss calculations. The Group also applies the general approach defined in IFRS 9 for the recognition of impairment losses on receivables from financial services, carried at amortized cost. Group appropriately classifies its financial instruments considering common risk factors (such as the type of the instrument, credit risk rating, guarantees, time to maturity and sector) to determine whether the credit risk on a financial instrument has increased significantly and to account appropriate amount of credit losses in the consolidated financial statements. Capitalization and useful lives of assets The Group evaluates the nature of the capitalized asset for its property, plant and equipment and intangible assets within the scope of IAS 16 and IAS 38 standards, and accordingly, the related assets are depreciated from the date at which the assets are ready for use. The useful lives of such assets depend on management’s view, considering historical experience with similar products as well as anticipation of future events which may impact their life such as changes in technology. The useful lives and residual values of the Group’s assets are estimated by management at the time the asset is acquired and regularly reviewed for appropriateness. The Group defines useful lives of its assets in terms of the assets’ expected utility to the Group. This judgment is based on the experience of the Group with similar assets. In determining the useful life of an asset, the Group also follows technical and/or commercial obsolescence arising on changes or improvements from a change in the market. The useful lives of the telecommunication licenses are based on the duration of the license agreements. 2. Basis of preparation and summary of material accounting policies (continued) (d) Use of estimates and judgments (continued) Gross versus net presentation of revenue When the Group sells goods or services as a principal, revenue and operating costs are recorded on a gross basis. When the Group sells goods or services as an agent, revenue and operating costs are recorded on a net basis, representing the net margin earned. Whether the Group is considered to be acting as principal or agent in the transaction depends on management’s analysis described below and such judgments impact the amount of reported revenue and operating costs but do not impact reported assets, liabilities or cash flows: Indicators that an entity is a principal: ● The entity is primarily responsible for fulfilling the promise to provide the specified good or service, ● The entity has inventory risk before the specified good or service has been transferred to a customer or after transfer of control to the customer, ● The entity has discretion in establishing the price for the specified good or service. Contracted handset sales The Company, the distributors and dealers offer joint campaigns to the subscribers which may include the sale of device by the dealer and/or distributor and a communication service to be provided by the Company. The Company recognizes revenue on net basis, representing the net margin earned, for the device in these transactions by considering the factors below: - The Company is not the primary obligor for the sale of handset, - The Company does not have control over the sale prices of handsets, - The Company has no inventory risk. In all other cases, where above factors do not exist, the Company recognizes revenue gross. Multiple performance obligations and price allocation In arrangements which include multiple elements where the Group acts as principal, the Group considers that a good or service is distinct if both of the following criteria are met: ● The good or service is capable of being distinct, which is considered present if it is frequently sold on standalone basis by the Group or other third parties, ● The promise to transfer the good or service is distinct within the context of the contract, which is considered present if there is no significant integration that combines the goods or services. Revenue is recognized at the amount of the transaction price that is allocated to the performance obligation. The transaction price is allocated between the identified obligations according to the relative standalone selling prices of the obligations. The determination of standalone selling prices for the telecommunications services that are regularly sold on an individual basis by the Group, are not considered to be a critical accounting judgement since the Group uses the actual standalone price of similar services sold by itself in similar circumstances. However, in cases where the identical goods or services are not sold by the Group, stand-alone selling prices for similar goods and services sold by third parties are observed for the estimation purpose. 2. Basis of preparation and summary of material accounting policies (continued) (d) Use of estimates and judgments (continued) Income taxes The calculation of income taxes involves a degree of estimation and judgment in respect of certain items whose tax treatment cannot be finally determined until resolution has been reached with the relevant tax authority or, as appropriate, through formal legal process. As part of the process of preparing the consolidated financial statements, the Group is required to estimate the income taxes in each of the jurisdictions and countries in which it operates. This process involves estimating the actual current tax exposure together with assessing temporary differences resulting from differing treatment of items, such as deferred revenue and reserves for tax and accounting purposes. The recognition of deferred tax assets is based upon whether it is probable that future taxable profits will be available against which unrecognized tax losses and temporary differences can be utilized. Recognition, therefore, involves judgment regarding the future financial performance of the particular legal entity in which the deferred tax asset has been recognized. Provisions, contingent liabilities and contingent assets As detailed and disclosed in Note 38, the Group is involved in a number of investigations and legal proceedings (both as a plaintiff and as a defendant) arising in the ordinary course of business. All these investigations and litigations are evaluated by the Group Management and when it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation, they are accounted for in the consolidated financial statements. For ongoing investigations, Group Management considers the following in determining if a provision should be recognized and the amount of provision needed; i) actual results of investigations in similar nature, ii) information gathered from investigating regulators during oral defense or other meetings, iii) publicly available information about developments at similar investigations completed by the investigating authority. Future results or outcome of these investigations and litigations might differ from these Group Management’s expectations. All significant investigations and litigations are disclosed unless possibility of outflow is considered remote (and where information concerning provisions are very sensitive, and full disclosure could prejudice the outcome of cases). As at the reporting date, the Group Management believes that appropriate recognition criteria and measurement basis are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to enable users to understand their nature, timing and amount by considering current conditions and circumstances. Asset Retirement Obligation The Group recognize dismantling cost for towers and base stations and provision for site restoration in the cost of an item of property, plant and equipment where the company has such a legal or constructive obligation. The dismantling costs are calculated according to best estimate of future expected payments discounted at a discount rate that reflects current market assessments of the time value of money and the risks specific to the liability. Net present value of dismantling cost is recognized as cost of the item of property, plant and equipment in non-current assets and as a long-term provision in non-current liability. Depreciation is calculated by using the same useful life relating to that asset and discount interest expense is recognized under finance cost in the statement of profit or loss. The Group expects that the obligations for dismantling, removing and site restoration will not be realized before the associated assets’ end of useful life. Obligations for dismantling, removing and site restoration are discounted using a discount rate of 11.5% - 29.6% at 31 December 2023 (31 December 2022: 11.2% - 23.9%) 2. Basis of preparation and summary of material accounting policies (continued) (d) Use of estimates and judgments (continued) Floating rate loans and borrowings For floating–rate loans and borrowings, The Group calculates the effective interest rate(“EIR”) based on a market–derived yield curve applicable for the entire life of the instrument. While applying this approach, the calculated EIR is applied until estimated future cash flows are revised, at which point a new EIR is calculated based on the revised cash flow expectations and the current carrying amount. (e) Other than the adoption of the new and revised standards as explained in Note 2(z), the Group did not make any significant changes to its accounting policies during the current year. (f) If the application of changes in the accounting estimates affects the financial results of a specific period, the changes in the accounting estimates are applied in that specific period, if they affect the financial results of current and following periods; the accounting estimate is applied prospectively in the period in which such change is made. A change in the measurement basis applied is a change in an accounting policy, and is not a change in an accounting estimate. The Company does not have significant changes in accounting estimates during the year. (g) The consolidated financial statements of the Group are prepared comparatively with the previous period in order to enable monitoring of the financial position and performance trends. In order to comply with the presentation of the current period consolidated financial statements, comparative information is reclassified when deemed necessary and significant differences are disclosed. Significant changes in accounting policies and significant accounting errors are applied retrospectively and prior period financial statements are restated. The Company revised Note 38 to include an additional 2,190,434 TL as “Bank Borrowings” from related parties as of 31 December 2022. This revision has no impact on the consolidated statement of profit or loss, consolidated statement of financial position and consolidated statements of cash flows. (h) Principles of consolidation and equity accounting (i) Business combinations Business combinations are accounted for using the acquisition method. The consideration transferred in a business combination comprises: ● The fair value of the assets transferred, ● Liabilities incurred to the former owners of the acquired business, ● Equity interests issued by the Group, ● The fair value of any asset or liability resulting from a contingent consideration arrangement, and ● The fair value of any pre-existing equity interest in the subsidiary. 2. Basis of preparation and summary of material accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (i) Business combinations (continued) Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests. The Group recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net identifiable assets. Where settlement of any part of cash consideration is deferred, the amounts payable in the future are discounted to their present value as at the date of exchange. The discount rate used is the entity’s incremental borrowing rate, being the rate at which a similar borrowing could be obtained from an independent financier under comparable terms and conditions. Contingent consideration is classified either as equity or a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss. (ii) Subsidiaries Subsidiaries comprise all entities over which the Group has control. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit or loss, statement of comprehensive income, statement of changes in equity and statement of financial position, respectively. (iii) Changes in ownership interests The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to the non-controlling and any consideration paid or received is recognized in a separate reserve within equity attributable to owners of the Company. 2. Basis of preparation and summary of material accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (iv) Business combinations under common control Business combinations between entities or businesses under common control are excluded from the scope of IFRS 3. In a business combination under common control, assets and liabilities of the acquired entity are stated at predecessor carrying values. Any difference between the consideration given and the aggregate book value of the assets and liabilities of the acquired entity at the date of the transaction is recognized in equity. The acquired entity’s results and financial position are incorporated as if both entities (acquirer and acquiree) had always been combined, or using the results from the date when either entity joined the Group, where such a date is later. (v) Investments in associates and joint ventures An associate is an entity over which the Group has significant influence, but not control or joint control. This is generally the case where the Group holds between 20% and 50% of the voting rights. A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture.Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. Investments in associates and joint ventures are accounted for using the equity method of accounting after initially being recognized at cost. The group holds an interest in a joint venture, Sofra Kurumsal ve Ödüllendirme Hizmetleri A.Ş.(“Sofra”), and an interest in an associate, Türkiye’nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş(“TOGG”). The financial statements of Sofra and TOGG are prepared for the same reporting period as the Group. The accounting policies of both companies are aligned with those of the Group. Therefore, no adjustments are made when measuring and recognizing the Group’s share of the profit or loss of the investees after the date of acquisition. There is no significant goodwill included the carrying value of associate or joint venture. Under the equity method of accounting, an investment in an associate is initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. The carrying amount of equity-accounted investments is tested for impairment if impairment indicators exist. 2. Basis of preparation and summary of material accounting policies (continued) (i) A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial Assets The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. The Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. In order for a financial asset to be classified and measured at amortized cost or fair value through other comprehensive income, it needs to give rise to cash flows that are ‘solely payments of principal and interest (SPPI)’ on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed at an instrument level. Financial assets with cash flows that are not SPPI are classified and measured at fair value through profit or loss, irrespective of the business model. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows while financial assets classified and measured at fair value through other comprehensive income are held within a business model with the objective of both holding to collect contractual cash flows and selling. (i) Subsequent measurement For purposes of subsequent measurement, financial assets are classified in four categories: ● Financial assets at amortized cost (debt instruments) ● Financial assets at fair value through other comprehensive income with recycling of cumulative gains and losses (debt instruments) ● Financial assets designated at fair value through other comprehensive income with no recycling of cumulative gains and losses upon derecognition (equity instruments) ● Financial assets at fair value through profit or loss (ii) Financial assets at amortized cost (debt instruments) Financial assets at amortized cost are subsequently measured using EIR method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. The Group’s financial assets at amortized cost includes time deposits with maturity more than three months. For more information, refer to Note 24. 2. Basis of preparation and summary of material accounting policies (continued) (i) Financial instruments (continued) (iii) Financial assets at fair value through other comprehensive income (debt instruments) For debt instruments at fair value through other comprehensive income, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the statement of profit or loss and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in other comprehensive income. Upon derecognition, the cumulative fair value change recognized in other comprehensive income is recycled to profit or loss. The Group’s debt instruments at fair value through other comprehensive income includes investments in listed debt securities. For more information, refer to Note 24. (iv) Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognized in the statement of profit or loss. This category includes investment funds, and currency protected time deposits which the Group were irrevocably designated at fair v |
Business combinations
Business combinations | 12 Months Ended |
Dec. 31, 2023 | |
Business combinations | |
Business combinations | 3. Business combinations The Company’s 100% owned subsidiary Turkcell Enerji has signed a Share Transfer Agreement to acquire the entire shares of Boyut Grup Enerji Elektrik Uretim ve Insaat Sanayi ve Ticaret A.S. (“Boyut Enerji”) on 6 July 2021. The respective transaction is based on an enterprise value of USD 29,600. After adjusting for the net debt of Boyut Enerji, the Group made a payment of USD 10,972. USD 500 of this amount shall be paid after two-years as from the agreement date. The control power of Boyut Enerji has transferred to the Group as of 18 August 2021. At the time the financial statements were authorized for issue, goodwill, identifiable assets and liabilities has been accounted in accordance with IFRS 3, “Business Combinations”. The details of the goodwill calculation, total consideration amount and the net assets acquired are as follows: Total consideration amount 258,584 - Cash consideration amount 249,719 - Contingent and deferred consideration amount 8,865 Net assets acquired (230,835) Goodwill 27,749 The fair values of identifiable assets and liabilities in accordance with IFRS 3 arising from the acquisition are as follows: Cash and cash equivalents 15,039 Other current assets 15,528 Property, plant and equipment 342,889 Intangible assets 631,093 Other non-current assets 449 Borrowings (411,129) Trade and other payables (21,326) Due to related parties (6,794) Provisions (100) Employee benefit obligations (208) Deferred tax liabilities (131,966) Other liabilities (202,640) Fair value of total identifiable net assets (100%) 230,835 The details of cash outflow due to acquisition are as follows: Total consideration - cash 249,719 Cash and cash equivalents - acquired (15,039) Cash outflow due to acquisition (net) 234,680 |
Financial risk management
Financial risk management | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Financial risk management | 4 . This note explains the Group’s exposure to financial risks and how these risks could affect the Group’s future financial performance. Current year profit and loss information has been included where relevant to add further context. The Group’s risk management policies are set to determine and analyze the risks faced, to establish the appropriate risk limits and to observe the commitment to those limits. These policies are constantly reviewed to make sure they reflect the Group’s operations and the changes in market conditions. Credit risk At the reporting date, there were no significant concentrations of credit risk. The maximum exposure to credit risk is represented by the carrying amount of cash and cash equivalents, financial asset at fair value through other comprehensive income, financial asset at fair value through profit or loss, financial asset at amortize cost, derivative financial instruments, contract assets, trade receivables, receivables from financial services, due from related parties and other current and non-current assets (Note 35). Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. The Group may require collateral in respect of financial assets. Also, the Group may demand letters of guarantee from third parties related to certain projects or contracts. The Group may also demand certain pledges from counterparties, if necessary, in return for the credit support it gives related to certain financings (Note 19). In monitoring customer credit risk, customers are grouped according to whether they are subscribers, financial services customers, other corporate customers and aging profile, maturity and existence of previous financial difficulties. Trade receivables and contract assets are mainly related to the Group’s subscribers. The Group’s exposure to credit risk on trade receivables and contract assets is influenced mainly by the individual payment characteristics of postpaid subscribers. The Group establishes a provision for impairment losses based on its historical events and future expectations in respect of trade receivables and contract assets. The receivables from financial sector activities consist of contractual assignments from subscribers related to consumer financing activities of Turkcell Finansman, receivables related to payment services and electronic money services of Turkcell Ödeme and Paycell LLC, and receivables related to insurance agency services of Turkcell Sigorta. These receivables are accounted for using the effective interest rate method at amortized cost. Investments are preferred to be in liquid securities. The counterparty limits are set monthly depending on their ratings from the most credible rating agencies and the amount of their paid-in capital and/or shareholders equity. Policies are in place to review the paid-in capital and rating of counterparties periodically to ensure credit worthiness. The Group signs local and international derivate agreements in order to be able to execute financial derivative transactions with financial institutions that are believed to have sufficient credit ratings. The Group’s policy is to provide financial guarantees only to subsidiaries and distributors. At 31 December 2023, guarantees of TL8,836,805 were outstanding (31 December 2022: TL 6,513,114). Liquidity risk Prudent liquidity risk management implies maintaining sufficient cash and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. At the end of the reporting period the Group held demand deposits of TL 4,215,677 (31 December 2022: TL 3,598,726) that are expected to readily generate cash inflows for managing liquidity risk. Due to the dynamic nature of the underlying businesses, the Group Treasury maintains flexibility in funding by maintaining availability under committed credit lines. Management monitors rolling forecasts of the Group’s liquidity reserve (Note 35) and cash and cash equivalents (Note 23) on the basis of expected cash flows. In addition, the Group’s liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans. 4 . Market risk Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return on risk. The Group uses derivatives in order to manage market risks. All such transactions are carried at within the guidelines set by the Group Treasury. (i) Foreign exchange risk The Group operates internationally and is exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to the USD, EUR and RMB. Foreign exchange risk arises from recognized assets and liabilities denominated in a currency that is not the functional currency of the relevant Group entity. The Group holds a significant portion of its cash and cash equivalent in foreign currencies in order to manage foreign exchange risk. In addition, derivative financial instruments are used to manage exposure to fluctuations in foreign exchange rates and since 1 July 2018 the Company applies hedge accounting. Details of the Company’s foreign exchange risk is disclosed in Note 35. (ii) Interest rate risk The Group’s exposure to interest rate risk is related to its financial assets and liabilities. The Group manage its financial liabilities by providing an appropriate distribution between fixed and floating rate loans. Floating rate exposures can be changed to fixed rate exposures based on short-term and long-term market expectations via financial derivatives. The use of financial derivatives is governed by the Group Treasury’s policies approved by the Audit Committee, which provide written principles on the use of derivatives. The Group’s borrowings and receivables are carried at amortized cost. The borrowings are periodically contractually repriced (Note 35) and are also exposed to the risk of future changes in market interest rates. The Group’s transition from USD LIBOR to SOFR was completed as of June 30, 2023. In calculating the change in fair value attributable to the hedged risk of the floating-rate debt, the Group has made the following assumptions that reflect its current expectations: - Considering the Group’s ‘Possible’ requirements, the USD LIBOR interest rate on which its hedging liabilities are based has not changed as a result of the IBOR reform. - As a result of the IBOR reform, the USD LIBOR interest rate, on which the cash flows of the debt for hedging purposes are carried out, and the swap interest rate on which the hedging transactions are based, have not changed as a result of the IBOR reform. - The group has not retroactively changed its cash flow hedging reserve for the period expected for the implementation of the reforms. |
Segment information
Segment information | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Segment information | 5 . In accordance with its integrated communication and technology services strategy, Group has reportable segments which are Turkcell Turkiye, Turkcell International and Techfin. While some of these strategic segments offer the same types of services, they are managed separately because they operate in different geographical locations and are affected by different economic conditions. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker function is carried out by the Board of Directors, however Board of Directors may transfer the authorities, other than recognized by the law, to the General Manager and other directors. Turkcell Turkiye reportable segment includes mobile, fixed telecom, digital services and digital business services operations of Turkcell, Turkcell Superonline Iletisim Hizmetleri A.S. (“Turkcell Superonline”), Turkcell Satis ve Dijital Is Servisleri Hizmetleri A.S’s (“Turkcell Satis”) digital business services, Turkcell Dijital Is Servisleri A.S. (“Turkcell Dijital”), group call center operations of Global Bilgi Pazarlama Danismanlik ve Cagri Servisi Hizmetleri A.S. (“Turkcell Global Bilgi”), Turktell Bilisim Servisleri A.S. (“Turktell”), Atmosware Teknoloji Egitim ve Danismanlik A.S (“Atmosware Teknoloji”), Turkcell Teknoloji Arastirma ve Gelistirme A.S. (“Turkcell Teknoloji”), Ultia Teknoloji Yazilim ve Uygulama Gelistirme Ticaret A.S. (“Ultia”), Kule Hizmet ve Isletmecilik A.S. (“Global Tower”), Rehberlik Hizmetleri Servisi A.S. (“Rehberlik”), Turkcell Gayrimenkul Hizmetleri A.S. (“Turkcell Gayrimenkul”), Lifecell Dijital Servisler ve Cozumler A.S. (“Lifecell Dijital Servisler”), Lifecell Bulut Cozumleri A.S. (“Lifecell Bulut”), Lifecell TV Yayin ve Icerik Hizmetleri A.S. (“Lifecell TV”), Lifecell Muzik Yayin ve Iletim A.S. (“Lifecell Muzik”) and BiP Iletisim Teknolojileri ve Dijital Servisler A.S. (“BiP A.S.”). Turkcell International reportable segment includes telecom and digital services related operations of CJSC Belarusian Telecommunications Network (“BeST”), Kibris Mobile Telekomunikasyon Limited Sirketi (“Kibris Telekom”), East Asian Consortium B.V. (“Eastasia”), Lifecell Ventures Cooperatief U.A (“Lifecell Ventures”), Lifetech LLC (“Lifetech”), Beltower LLC (“Beltower”), Lifecell Digital Limited (“Lifecell Digital”), Yaani Digital BV (“Yaani”) and BiP Digital Communication Technologies B.V (“BiP B.V.”). Techfin reportable segment includes all financial services operations of Turkcell Finansman, Turkcell Odeme, Paycell LLC, Paycell Europe, Turkcell Sigorta and Turkcell Dijital Sigorta. The operations of these legal entities aggregated into one reportable segment as the nature of services are similar and most of them share similar economic characteristics. Other reportable segment mainly comprises of call center operations to third party customers of Turkcell Global Bilgi, Turkcell Enerji, Boyut Enerji, Turkcell GSYF, Turkcell Dijital Egitim Teknolojileri A.S. (“Dijital Egitim”). W3 Labs Yeni Teknolojiler A.S. (“W3”) and Turkcell Satis’s other operations. The Board primarily uses adjusted EBITDA to assess the performance of the operating segments. Adjusted EBITDA definition includes revenue, cost of revenue excluding depreciation and amortization, selling and marketing expenses and administrative expenses. 5 . Adjusted EBITDA is not a financial measure defined by IFRS as a measurement of financial performance and may not be comparable to other similarly-titled indicators used by other companies. Reconciliation of Adjusted EBITDA to the consolidated profit for the year is included in the accompanying notes. Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Total segment revenue 91,952,843 77,951,747 2,625,686 2,673,057 4,568,674 3,545,379 10,161,753 13,558,486 (2,192,772) (4,241,823) 107,116,184 93,486,846 Inter-segment revenue (782,421) (415,145) (151,112) (238,906) (415,271) (264,840) (843,968) (3,322,932) 2,192,772 4,241,823 - - Revenues from external customers 91,170,422 77,536,602 2,474,574 2,434,151 4,153,403 3,280,539 9,317,785 10,235,554 - - 107,116,184 93,486,846 Adjusted EBITDA 40,663,472 32,770,610 972,856 891,194 1,607,534 1,749,526 887,860 1,298,333 (254,608) (101,932) 43,877,114 36,607,731 IFRS 9 impairment loss provision (920,417) (557,550) (6,055) (5,003) (81,981) (57,339) 289 (2,086) - - (1,008,164) (621,978) Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Total segment revenue 77,951,747 90,008,603 2,673,057 2,667,171 3,545,379 3,550,776 13,558,486 15,775,237 (4,241,823) (3,402,143) 93,486,846 108,599,644 Inter-segment revenue (415,145) (580,385) (238,906) (278,079) (264,840) (202,695) (3,322,932) (2,340,984) 4,241,823 3,402,143 - - Revenues from external customers 77,536,602 89,428,218 2,434,151 2,389,092 3,280,539 3,348,081 10,235,554 13,434,253 - - 93,486,846 108,599,644 Adjusted EBITDA 32,770,610 40,815,431 891,194 859,130 1,749,526 2,119,639 1,298,333 1,305,889 (101,932) (156,908) 36,607,731 44,943,181 IFRS 9 impairment loss provision (557,550) (803,560) (5,003) (8,632) (57,339) (31,771) (2,086) (3,072) - - (621,978) (847,035) 5 . 31 December 31 December 31 December 2023 2022 2021 Profit for the period 10,562,572 6,036,486 6,416,898 Add/(Less): Income tax expense (4,675,891) (2,785,265) 900,339 Finance income (12,663,682) (3,957,684) (11,527,996) Finance costs 19,931,617 11,949,156 21,308,035 Other income (882,782) (348,611) (356,404) Other expenses 5,648,334 1,406,976 2,010,123 Monetary (gain) loss (3,816,872) (7,767,102) (4,804,527) Depreciation and amortization 31,298,993 32,595,996 31,188,016 Share of loss/(gain) of equity accounted investees (1,525,175) (522,221) (191,303) Consolidated adjusted EBITDA 43,877,114 36,607,731 44,943,181 Geographical information In presenting the information based on geographical segments, segment revenue is based on the geographical location of operations and segment assets are based on the geographical location of the assets. 31 December 31 December 31 December 2023 2022 2021 Revenues Turkiye 104,641,610 91,052,696 106,210,552 Belarus 1,384,585 1,540,091 1,375,795 Turkish Republic of Northern Cyprus 1,058,155 855,064 959,667 Netherlands 31,834 38,995 53,630 107,116,184 93,486,846 108,599,644 31 December 31 December 2023 2022 Non-current assets Turkiye 140,298,871 141,507,693 Ukraine - 12,651,476 Belarus 746,265 1,229,643 Turkish Republic of Northern Cyprus 3,047,815 1,626,546 Unallocated non-current assets 444,146 661,238 144,537,097 157,676,596 Prior to classification to asset held for sale and discontinued operations, Ukrainian entities revenues and non-current assets were presented within above tables. Non-current assets as of 31 December 2022 and 2021 still includes Ukraine, however, revenues of Ukraine are reclassified to discontinued operations in consolidated statement of profit or loss. |
Revenue
Revenue | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Revenue | 6 . Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Telecommunication services 86,033,365 73,395,928 2,285,955 2,276,114 - - - - (200,732) (171,130) 88,118,588 75,500,912 Equipment revenues 4,981,916 4,119,171 183,095 177,001 - - 6,315,781 6,886,804 (86,055) (38,758) 11,394,737 11,144,218 Revenue from financial services - - - - 4,568,674 3,545,379 - - (415,271) (264,840) 4,153,403 3,280,539 Other 937,562 436,648 156,636 219,942 - - 3,845,972 6,671,682 (1,490,714) (3,767,095) 3,449,456 3,561,177 Total 91,952,843 77,951,747 2,625,686 2,673,057 4,568,674 3,545,379 10,161,753 13,558,486 (2,192,772) (4,241,823) 107,116,184 93,486,846 Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Telecommunication services 73,395,928 85,301,533 2,276,114 2,101,368 - - - - (171,130) (210,861) 75,500,912 87,192,040 Equipment revenues 4,119,171 4,111,543 177,001 299,230 - - 6,886,804 9,496,810 (38,758) (164,771) 11,144,218 13,742,812 Revenue from financial services - - - - 3,545,379 3,550,776 - - (264,840) (202,715) 3,280,539 3,348,061 Other 436,648 595,527 219,942 266,573 - - 6,671,682 6,278,427 (3,767,095) (2,823,796) 3,561,177 4,316,731 Total 77,951,747 90,008,603 2,673,057 2,667,171 3,545,379 3,550,776 13,558,486 15,775,237 (4,241,823) (3,402,143) 93,486,846 108,599,644 Revenue from financial services comprise of interest income generated from consumer financing activities, The Group has interest income amounting to TL 2,023,862, TL 1,546,463 and TL 1,611,840, for the years ended 31 December 2023, 2022 and 2021, respectively. 6. Revenue (continued) 31 December 2023 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 86,033,365 2,285,955 - - (200,732) 88,118,588 At a point in time 1,456,376 66,933 - - (105) 1,523,204 Over time 84,576,989 2,219,022 - - (200,627) 86,595,384 Equipment Related 4,981,916 183,095 - 6,315,781 (86,055) 11,394,737 At a point in time 4,468,575 183,095 - 6,315,781 (86,055) 10,881,396 Over time 513,341 - - - - 513,341 Revenue from financial operations - - 4,568,674 - (415,271) 4,153,403 At a point in time - - 2,224,526 - (376,108) 1,848,418 Over time - - 2,344,148 - (39,163) 2,304,985 Call Center - - - - - - At a point in time - - - - - - Over time - - - - - Other 937,562 156,636 - 3,845,972 (1,490,714) 3,449,456 At a point in time 376 31,177 - 116,102 (52) 147,603 Over time 937,186 125,459 - 3,729,870 (1,490,662) 3,301,853 Total 91,952,843 2,625,686 4,568,674 10,161,753 (2,192,772) 107,116,184 At a point in time 5,925,327 281,205 2,224,526 6,431,883 (462,320) 14,400,621 Over time 86,027,516 2,344,481 2,344,148 3,729,870 (1,730,452) 92,715,563 31 December 2022 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 73,395,928 2,276,114 - - (171,130) 75,500,912 At a point in time 631,113 78,495 - - (229) 709,379 Over time 72,764,815 2,197,619 - - (170,901) 74,791,533 Equipment Related 4,119,171 177,001 - 6,886,804 (38,758) 11,144,218 At a point in time 3,677,042 177,001 - 6,886,804 (38,758) 10,702,089 Over time 442,129 - - - - 442,129 Revenue from financial operations - - 3,545,379 - (264,840) 3,280,539 At a point in time - - 1,621,746 - (264,832) 1,356,914 Over time - - 1,923,633 - (8) 1,923,625 Call Center - - - - - - At a point in time - - - - - - Over time - - Other 436,648 219,942 - 6,671,682 (3,767,095) 3,561,177 At a point in time 11,844 6,718 - 66,890 (9,103) 76,349 Over time 424,804 213,224 - 6,604,792 (3,757,992) 3,484,828 Total 77,951,747 2,673,057 3,545,379 13,558,486 (4,241,823) 93,486,846 At a point in time 4,319,999 262,214 1,621,746 6,953,694 (312,922) 12,844,731 Over time 73,631,748 2,410,843 1,923,633 6,604,792 (3,928,901) 80,642,115 6. Revenue (continued) 31 December 2021 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 85,301,533 2,101,368 - - (210,861) 87,192,040 At a point in time 863,151 70,605 - - (3) 933,753 Over time 84,438,382 2,030,763 - - (210,858) 86,258,287 Equipment Related 4,111,543 299,230 - 9,496,810 (164,771) 13,742,812 At a point in time 3,332,725 299,230 - 9,496,810 (164,771) 12,963,994 Over time 778,818 - - - - 778,818 Revenue from financial operations - - 3,550,776 - (202,715) 3,348,061 At a point in time - - 1,389,624 - (202,715) 1,186,909 Over time - - 2,161,152 - - 2,161,152 Call Center - - - - - - At a point in time - - - - - - Over time - - - Other 595,527 266,573 - 6,278,427 (2,823,796) 4,316,731 At a point in time 18,547 950 - 151,371 (9,939) 160,929 Over time 576,980 265,623 - 6,127,056 (2,813,857) 4,155,802 Total 90,008,603 2,667,171 3,550,776 15,775,237 (3,402,143) 108,599,644 At a point in time 4,214,423 370,785 1,389,624 9,648,181 (377,428) 15,245,585 Over time 85,794,180 2,296,386 2,161,152 6,127,056 (3,024,715) 93,354,059 |
Other income and expense
Other income and expense | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Other income and expense | 7 . Recognized in the statement of profit or loss: 31 December 31 December 31 December 2023 2022 2021 Depositary reimbursement 108,861 104,532 139,732 Insurance compensation 273,843 - - Income from equipment donations 205,045 - - Rent income 26,507 38,740 37,350 Non-interest income from banks 891 17,194 28,062 Other 267,635 188,145 151,260 Other income 882,782 348,611 356,404 Revaluation tax expense (1,500) (415,341) - Donation expenses (*) (3,919,568) (267,861) (278,463) Litigation expenses (738,268) (156,018) (1,124,058) Loss on modification of lease contract (146,563) (172,408) (147,959) Loss on sale of fixed assets (15,981) (35,502) 98,440 Restructuring cost (462,741) (12,116) - Other (363,713) (347,730) (558,084) Other expense (5,648,334) (1,406,976) (2,010,123) (*) The donation expenses mainly relate to the donation payment made on February 6, 2023, following the devastating Southeastern Turkiye Earthquakes. This donation payment was made in accordance with the opportunity granted by the Capital Markets Board’s decision dated February 9, 2023. |
Employee benefit expenses
Employee benefit expenses | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Employee benefit expenses | 8 . 31 December 2023 31 December 2022 31 December 2021 Wages and salaries (*) 13,836,698 9,691,385 10,477,300 Defined benefit plans (**) 306,677 138,841 163,294 Defined contribution plans 75,500 105,964 109,411 14,218,875 9,936,190 10,750,005 (*) Wages and salaries include compulsory social security contributions, bonuses and share based payments. (**) Remeasurements of defined benefit plans for the years ended 31 December 2023, 2022 and 2021 amounting to TL 149,757, TL 1,824,873 and TL 541,628 respectively are reflected in other comprehensive income. Employee benefit expenses are recognized in cost of revenue, selling and marketing expenses and administrative expenses. |
Finance income and costs
Finance income and costs | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Finance income and costs | 9 . Recognized in the statement of profit or loss: 31 December 31 December 31 December 2023 2022 2021 Interest income 3,118,511 2,126,478 2,211,740 Income from financial assets carried at fair value 4,604,960 1,738,728 - Cash flow hedges – reclassified to profit or loss 3,287,562 - 5,831,714 Net fair value gains on derivative financial instruments and interest 1,144,406 - 3,361,847 Other 508,243 92,478 122,695 Finance income 12,663,682 3,957,684 11,527,996 Net foreign exchange losses (14,016,423) (7,155,055) (18,399,847) Net interest expenses for financial assets and liabilities measured at amortized cost (5,837,283) (4,269,930) (2,817,322) Net fair value losses on derivative financial instruments and interest - (6,580,717) - Cash flow hedges - reclassified to profit or loss - 6,253,680 - Other (77,911) (197,134) (90,866) Finance costs (19,931,617) (11,949,156) (21,308,035) Monetary gain (loss) 3,816,872 7,767,102 4,804,527 Net finance costs (3,451,063) (224,370) (4,975,512) Net foreign exchange losses mainly include foreign exchange losses on borrowings, bonds issued and foreign exchange gains on cash and cash equivalents. Interest income and expense on financial assets and liabilities measured at amortized cost are shown as netted on consolidated statement of profit or loss. The Group has gross interest income and expense on financial assets and financial liabilities measured at amortized cost amounting to TL 773,609, TL (6,610,892), TL 1,224,264, TL (5,494,195), and TL 1,294,283, TL (4,111,605) for the years ended 31 December 2023, 2022 and 2021, respectively. Foreign exchange gains and losses are shown as netted on consolidated statement of profit or loss. The company has gross foreign exchange gains and losses amounting to TL 21,087,243, TL (35,103,667), TL 15,782,024, TL (22,937,079) and TL 28,279,084, TL (46,678,932) for the years ended 31 December 2023, 2022 and 2021, respectively. |
Income tax expense
Income tax expense | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Income tax expense | 10. 31 December 31 December 31 December 2023 2022 2021 Current income tax expense (683,059) (864,540) (1,931,842) Deferred income tax income 5,358,950 3,649,805 1,031,503 Total income tax income/ (expense) 4,675,891 2,785,265 (900,339) Income tax relating to each component of other comprehensive income Tax (expense) / 31 December 2023 Before tax benefit Net of tax Foreign currency translation differences 2,860,231 (491,059) 2,369,172 Change in cash flow hedge reserve 1,573,196 25,502 1,598,698 Change in cost of hedging reserve (389,364) 274,034 (115,330) Fair value reserve 149,602 (5,514) 144,088 Hedges of net investments in foreign operations (2,342,679) 1,181,457 (1,161,222) Remeasurements of defined benefit plans (149,757) 152,178 2,421 1,701,229 1,136,598 2,837,827 Tax (expense) / 31 December 2022 Before tax benefit Net of tax Foreign currency translation differences (748,669) (887,185) (1,635,854) Change in cash flow hedge reserve 2,286,823 (89,836) 2,196,987 Change in cost of hedging reserve (2,170,669) 434,134 (1,736,535) Fair value reserve (121,999) 35,988 (86,011) Hedges of net investments in foreign operations (520,930) 440,135 (80,795) Remeasurements of defined benefit plans (1,824,873) 363,876 (1,460,997) (3,100,317) 297,112 (2,803,205) Tax (expense) / 31 December 2021 Before tax benefit Net of tax Foreign currency translation differences 7,164,377 (2,330,871) 4,833,506 Change in cash flow hedge reserve 987,969 (86,967) 901,002 Change in cost of hedging reserve (3,879,104) 775,821 (3,103,283) Fair value reserve (192,475) 38,164 (154,311) Hedges of net investments in foreign operations (3,886,535) 843,616 (3,042,919) Remeasurements of defined benefit plans (541,628) 108,418 (433,210) (347,396) (651,819) (999,215) 10. Reconciliation of income tax expense 31 December 31 December 31 December 2023 2022 2021 Profit from continuing operations before income tax expense 5,886,681 3,251,221 7,317,237 Profit before income tax expense 5,886,681 3,251,221 7,317,237 Tax at the Turkiye’s tax rate (2023: 25%, 2022:23%, 2021:25%) (1,471,670) (747,781) (1,829,309) Difference in overseas tax rates 101,983 146,513 (10,798) Effect of exemptions (*) 1,973,510 1,242,440 595,597 Effect of permanent differences (629,884) (438,771) (1,327,320) Change in unrecognized deferred tax assets 308,452 (333,765) (17,970) Adjustments for current tax of prior years 83,383 15,957 (13,845) Effect of increase in corporate tax rate in Turkiye (1,066,740) 388,104 709,471 Tax effect of investment in associate and joint venture (410,523) (78,213) (28,729) Tax effect of Law No. 7440 (**) (282,582) - - Inflation adjustments 6,066,324 2,593,980 1,016,811 Other 3,638 (3,199) 5,753 Total income tax income/ (expense) 4,675,891 2,785,265 (900,339) (*) Effect of exemptions mainly consist of R&D discounts and exemptions due to capital investments. (**) In accordance with the Law No. 7440 on the “Restructuring of Certain Receivables and Amending Certain Laws” published in the Official Gazette on 12 March 2023, it has been decided that an additional tax of 10% should be calculated over the deduction amounts (included in 2022 tax returns) and tax bases subject to reduced corporate tax. An amendment to Turkey’s Corporate Tax Law (No. 5520) was submitted on July 5, 2023, and published in the Official Gazette on July 15, 2023. According to this; the corporate tax rate has been increased from 20% to 25% for companies, 25% to 30% for banks, and companies within the scope of Law No. 6361, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies. New tax rates became effective starting from the declarations that will be submitted as of 1 October 2023 but it is applied for the annual taxable income. Previously, corporate tax rates in Türkiye were 23% for the year 2022 and 25% for the year 2021. These corporate rates were enacted with a temporary article that was added to the Turkiye’s Corporate Tax Law No. 5220 on 22 April 2021. This Law increased the corporate tax rate under Corporate Tax Law from 20% to 25% for the tax year 2021 and to 23% for the tax year 2022. Based on this Law, corporate tax rate would continue with 20% starting 1 January 2023 so as of 31 December 2021 and 2022, for temporary difference that are expected to be reversed in 2023 onwards 20% tax rate was used to recognised deferred taxes. 10. In addition, with the publication of the Law No. 7394 in the Official Gazette on 15 April 2022, corporate tax rates of banks, consumer finance companies, factoring and financial leasing companies, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies has been permanently increased to 25%, which became effective immediately for 2022 annual taxable income. In accordance with the “General Communiqué on Tax Procedure Law No: 555” published in the Official Gazette on 30 December 2023 and the repeated article 298 of the Tax Procedure Law No: 213, it is declared that the (tax base) financial statements of the entities operating in Turkiye should be subject to inflation adjustment as of 31 December 2023. The inflation adjusted (tax base) financial statements will constitute an opening balance sheet base for tax returns to be prepared starting from 1 January 2024 and opening balance sheet inflation effects will not be taken into consideration in the calculation of 2023 corporate tax charge. The tax effects arising from this opening balance sheet inflation adjustment calculated as per Tax Procedural Law has been included in the deferred tax calculation as of 31 December 2023 and a net deferred tax asset at the amount of TL 13,726,600 has been recognized as of 31 December 2023. In Turkiye, the transfer pricing provisions have been stated under Article 13 of Corporate Tax Law with the heading of “disguised profit distribution via transfer pricing”. The General Communiqué on disguised profit distribution via Transfer Pricing, dated 18 November 2007 sets out the details of implementation. If a taxpayer enters into transactions regarding the sale or purchase of goods and services with related parties, where the prices are not set in accordance with arm’s length principle, then related profits are considered to be distributed in a disguised manner through transfer pricing. Such disguised profit distributions through transfer pricing are not accepted as tax deductible for corporate income tax purposes. The deduction of 100% of the research and development expenses is allowed when the taxpayers made these expenditures exclusively for new technology and information researches. Dividend payments of Turkish resident corporations to Turkish real persons, foreign corporations and foreign real persons are subject to 10% withholding tax. It is possible to apply reduced withholding tax rate for dividend payments made to abroad, under the scope of provisions of an applicable double taxation treaty. On the other hand, dividend payments made to Turkish resident companies are not subject to withholding tax. Dividend income of Turkish taxpayers received from other Turkish taxpayers is exempted from corporate tax. However, dividends received from participation shares and stocks of fund and investment partnerships cannot utilize from this exemption. The earnings arising from the sale of founding shares, redeemed shares and priority rights, which the institutions have for at least two two The Group has applied the exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes. Local legislations in Türkiye and other countries that the Group operates have not been enacted yet. |
Expenses by nature
Expenses by nature | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Expenses by nature | 11. Expenses by nature Breakdown of expenses by nature for the years ended 31 December 2023, 2022 and 2021 is as follows: Cost of revenue: 31 December 31 December 31 December 2023 2022 2021 Depreciation and amortization (*) (31,298,993) (32,595,996) (31,188,016) Cost of goods sold (10,695,191) (10,782,150) (13,866,996) Share of Turkish Treasury (9,290,270) (7,790,546) (9,322,838) Employee benefit expenses (8,447,593) (6,005,316) (6,613,847) Interconnection and termination expenses (3,955,527) (5,191,849) (7,236,584) Energy expenses (3,676,829) (4,654,112) (2,830,773) Radio expenses (1,368,805) (924,245) (674,525) Frequency expenses (3,424,766) (2,855,179) (3,417,467) Transmission expenses (1,465,349) (1,535,063) (1,659,329) Roaming expenses (1,134,820) (1,097,382) (1,023,156) Universal service fund (1,242,404) (1,085,290) (1,283,039) Cost of revenue from financial services (**) (1,850,910) (1,065,549) (732,206) Internet expenses (1,186,248) (1,252,704) (1,140,267) Other (5,380,330) (4,845,548) (5,149,024) (84,418,035) (81,680,929) (86,138,067) (*) As at 31 December 2023, depreciation and amortization expenses include depreciation and amortization expenses related to the financial services amounting to TL 326,869 (31 December 2022: TL 254,701 and 31 December 2021: TL 270,680). (**) As at 31 December 2023, cost of revenue from financial services includes employee benefit expenses related to the financial services amounting to TL 186,363 (31 December 2022: TL 132,286 and 31 December 2021: TL 103,546). Selling and marketing expenses: 31 December 31 December 31 December 2023 2022 2021 Employee benefit expenses (3,139,523) (2,109,509) (2,282,240) Marketing expenses (1,969,736) (1,799,885) (2,164,820) Selling expenses (306,716) (363,264) (444,519) Other (266,371) (320,135) (309,455) (5,682,346) (4,592,793) (5,201,034) 11. Expense by nature (continued) Administrative expenses: 31 December 31 December 31 December 2023 2022 2021 Employee benefit expenses (2,445,396) (1,689,078) (1,750,372) Consultancy expenses (206,083) (227,975) (286,278) Service expenses (157,661) (137,727) (127,040) Maintenance and repair expenses (71,752) (87,404) (88,217) Collection expenses (128,861) (90,042) (123,873) Travel and entertainment expenses (83,402) (62,856) (50,361) Utility expenses (8,006) (39,407) (23,611) Other (328,357) (244,922) (208,591) (3,429,518) (2,579,411) (2,658,343) Net impairment losses on financial and contract assets: 31 December 31 December 31 December 2023 2022 2021 Net impairment losses on financial and contract assets (1,008,164) (621,978) (847,035) (1,008,164) (621,978) (847,035) |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Property, plant and equipment | 12. Impairment Transfer from Effects of Balance at Balance at Assets held expenses/ investment movements in 31 December Cost 1 January 2023 Additions Disposals Transfers for sale (reversals) property exchange rates 2023 Network infrastructure (All operational) 188,873,033 5,407,763 (2,745,510) 7,440,574 (14,934,868) - - (2,210,749) 181,830,243 Land and buildings 10,002,000 1,505,727 (22,560) 52,430 (99,423) - 141,411 (113,337) 11,466,248 Equipment, fixtures and fittings 11,305,347 1,173,745 (178,394) 322,061 (172,585) - - (480,268) 11,969,906 Motor vehicles 173,393 30,696 (8,342) 204 (2,474) - - (5,021) 188,456 Leasehold improvements 3,741,428 70,672 (546) (3) (25,188) - - (2,133) 3,784,230 Electricity production power plant 339,138 - - - - - - - 339,138 Construction in progress 3,820,328 7,215,635 (92,076) (8,338,415) (366,813) 874 - 198,860 2,438,393 Total 218,254,667 15,404,238 (3,047,428) (523,149) (15,601,351) 874 141,411 (2,612,648) 212,016,614 Accumulated depreciation Network infrastructure (All operational) 130,110,166 9,081,063 (2,719,073) - (9,582,040) (23,686) - (87,384) 126,779,046 Land and buildings 1,981,910 678,931 (8,244) - (70,158) (219) 113,520 163,255 2,858,995 Equipment, fixtures and fittings 11,097,747 2,117,619 (127,038) - (126,994) (14) - (825,232) 12,136,088 Motor vehicles 161,429 31,412 (7,915) - (2,057) - - (4,811) 178,058 Leasehold improvements 3,384,838 36,514 - - (22,211) - - (1,471) 3,397,670 Electricity production power plant 24,181 17,093 - - - - - (24,763) 16,511 Total 146,760,271 11,962,632 (2,862,270) - (9,803,460) (23,919) 113,520 (780,406) 145,366,368 Net book value 71,494,396 3,441,606 (185,158) (523,149) (5,797,891) 24,793 27,891 (1,832,242) 66,650,246 Depreciation expenses for the years ended 31 December 2023 and 2022 amounting to TL 11,937,839 and TL 15,305,789 respectively include impairment losses and are recognized in cost of revenue. Impaired network infrastructure mainly consists of damaged or technologically inadequate mobile and fixed network infrastructure investments. Gain from impairment losses reversal on property, plant and equipment for the year ended 31 December 2023 is TL 24,793 and is recognized under depreciation expenses (31 December 2022 impairment loss: TL 305,900) 12. Property, plant and equipment (continued) Impairment Transfer to Effects of Balance at Balance at expenses/ investment movements in 31 December Cost 1 January 2022 Additions Disposals Transfers (reversals) property exchange rates 2022 Network infrastructure (All operational) 188,204,239 6,055,634 (3,210,322) 7,011,308 - - (9,187,826) 188,873,033 Land and buildings 10,729,703 554,894 (3,045) 3,490 - (849,429) (433,613) 10,002,000 Equipment, fixtures and fittings 10,962,783 1,178,734 (510,040) 115,030 - - (441,160) 11,305,347 Motor vehicles 182,643 - (2,150) 938 - - (8,038) 173,393 Leasehold improvements 3,749,640 48,300 (37,712) 1,064 - - (19,864) 3,741,428 Electricity production power plant (Note 3) 342,283 - - - - - (3,145) 339,138 Construction in progress 3,421,878 7,775,969 (60,327) (7,131,830) 11,621 - (196,983) 3,820,328 Total 217,593,169 15,613,531 (3,823,596) - 11,621 (849,429) (10,290,629) 218,254,667 Accumulated depreciation Network infrastructure (All operational) 124,789,832 12,829,570 (2,317,913) - 303,986 - (5,495,309) 130,110,166 Land and buildings 2,543,152 381,603 - - 348 (731,185) (212,008) 1,981,910 Equipment, fixtures and fittings 10,429,522 1,729,653 (372,532) - 13,146 - (702,042) 11,097,747 Motor vehicles 159,896 11,534 (2,154) - - - (7,847) 161,429 Leasehold improvements 3,405,584 30,302 (36,420) - 41 - (14,669) 3,384,838 Electricity production power plant (Note 3) 6,394 17,227 - - - - 560 24,181 Total 141,334,380 14,999,889 (2,729,019) - 317,521 (731,185) (6,431,315) 146,760,271 Net book value 76,258,789 613,642 (1,094,577) - (305,900) (118,244) (3,859,314) 71,494,396 |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Intangible assets | 13. Impairment Effects of Balance at Balance at Assets held expenses/ movements in 31 December Cost 1 January 2023 Additions Disposals Transfers for sale (reversals) exchange rates 2023 Telecommunication licenses 70,152,194 3,613,018 (59,797) 181,814 (5,149,479) - (430,834) 68,306,916 Computer software 95,767,623 7,908,723 (173,279) 453,280 (1,359,776) - 1,087,039 103,683,610 Transmission line software 1,030,729 972 (3,688) - - - 25,231 1,053,244 Indefeasible right of usage 1,012,694 2,943 - - - - - 1,015,637 Brand name 11,292 53 (49) 188 (614) - (102) 10,768 Customer base 48,967 - - - - - (9,872) 39,095 Goodwill 419,754 - - - - (7,176) (4,649) 407,929 Subscriber acquisition cost 34,103,021 5,031,195 (125,098) - (575,070) - 84,049 38,518,097 Electricity production license 709,869 - - - - - (41,875) 667,994 Others 1,118,057 164,935 (860) (23,060) (161) - (11,527) 1,247,384 Construction in progress 75,914 371,418 (132,947) (89,073) (869) - 37,781 262,224 Total 204,450,114 17,093,257 (495,718) 523,149 (7,085,969) (7,176) 735,241 215,212,898 Accumulated amortization Telecommunication licenses 47,255,448 4,275,416 (4,766) - (3,194,034) 3 (244,068) 48,087,999 Computer software 72,926,450 6,425,747 (135,165) - (204,567) 15,716 980,719 80,008,900 Transmission line software 1,015,248 26,303 (3,688) - - - 5,381 1,043,244 Indefeasible right of usage 579,827 63,302 - - - - (454) 642,675 Brand name 16,512 65 (21) - (340) - (6,401) 9,815 Customer base 35,051 2,005 - - - - (8,714) 28,342 Subscriber acquisition cost 20,368,047 6,382,401 (125,098) - (387,076) - (267,239) 25,971,035 Electricity production license 9,938 30,167 - - - - 12,338 52,443 Others 744,858 130,809 (821) - (147) 477 (18,128) 857,048 Total 142,951,379 17,336,215 (269,559) - (3,786,164) 16,196 453,434 156,701,501 Net book value 61,498,735 (242,958) (226,159) 523,149 (3,299,805) (23,372) 281,807 58,511,397 13. Intangible assets (continued) Impairment Effects of Balance at Balance at expenses/ movements in 31 December Cost 1 January 2022 Additions Disposals Transfers (reversals) exchange rates 2022 Telecommunication licenses 73,385,234 1,664 (57,933) 1,504 - (3,178,275) 70,152,194 Computer software 89,532,740 5,779,710 (280,355) 340,680 - 394,848 95,767,623 Transmission line software 988,369 1,112 - - - 41,248 1,030,729 Indefeasible right of usage 1,012,694 - - - - - 1,012,694 Brand name 13,996 611 (545) 124 - (2,894) 11,292 Customer base 65,107 - - - - (16,140) 48,967 Goodwill 427,353 - - - - (7,599) 419,754 Subscriber acquisition cost 29,629,666 4,875,036 (111,624) - - (290,057) 34,103,021 Electricity production license (Note 3) 778,332 - - - - (68,463) 709,869 Others 935,930 200,535 (733) 3 - (17,678) 1,118,057 Construction in progress 127,424 294,093 (590) (342,311) - (2,702) 75,914 Total 196,896,845 11,152,761 (451,780) - - (3,147,712) 204,450,114 Accumulated amortization Telecommunication licenses 44,068,178 4,523,381 (3,162) - 506 (1,333,455) 47,255,448 Computer software 66,868,545 5,737,378 (272,867) - 101,269 492,125 72,926,450 Transmission line software 1,001,840 31,887 - - (16,604) (1,875) 1,015,248 Indefeasible right of usage 522,256 58,315 - - - (744) 579,827 Brand name 27,544 117 (394) - - (10,755) 16,512 Customer base 49,300 - - - - (14,249) 35,051 Subscriber acquisition cost 15,840,829 5,010,502 (111,624) - - (371,660) 20,368,047 Electricity production license (Note 3) 9,154 - - - - 784 9,938 Others 591,074 156,050 (733) - 545 (2,078) 744,858 Total 128,978,720 15,517,630 (388,780) - 85,716 (1,241,907) 142,951,379 Net book value 67,918,125 (4,364,869) (63,000) - (85,716) (1,905,805) 61,498,735 Amortization expenses for the years ended 31 December 2023 and 2022 amounting to TL 17,352,411 and TL 15,603,346, respectively include impairment losses and are recognized in cost of revenue. Impairment losses on intangible assets for the years ended 31 December 2023 and 2022 are TL 23,372 and TL 85,716, respectively and are recognized in amortization expenses. Computer software includes capitalized software development costs that meet the definition of an intangible asset. The amount of capitalized development costs is TL 1,643,698 for the year ended 31 December 2023 (31 December 2022: TL 900,089). Research and development expenses for the years ended 31 December 2023 and 2022 amounting to TL 132,635 and TL 129,078, respectively are recognized in cost of revenue. The carrying amounts of Turkcell’s 2G, 3G and 4.5G licenses are TL 3,221,124, TL 2,268,481 and TL 14,195,189, respectively (31 December 2022: TL 174,274, TL 2,722,179 and TL 17,038,518, respectively). |
Impairment of non-financial ass
Impairment of non-financial assets | 12 Months Ended |
Dec. 31, 2023 | |
Impairment of non-financial assets | |
Impairment of non-financial assets | 14. Impairment of non-financial assets The Group evaluates whether there is any indication of impairment for an asset on the relevant reporting date. If such an indication exists, the asset’s recoverable amount is estimated. If the recoverable amount of the asset or any cash-generating unit (“CGU”) to which the asset belongs exceeds its carrying amount, no impairment loss is recognized. As of 31 December 2023, no indication of impairment was found in any CGU of the Group and no impairment test was performed. As explained at Note 41, the Company classified Ukrainian CGU as held-for-sale as of 31 December 2023. Prior to classification to assets held for sale, the Company performed an assessment and did not identify an indication of impairment for Ukrainian CGU. As of 31 December 2022, due to ongoing war in Ukraine, impairment test of Lifecell’s tangible and intangible assets was performed using the assumption that Lifecell was the CGU. As of 31 December 2022, the recoverable amount of Lifecell is determined based on fair value less cost of disposal calculations. As the recoverable amount of CGU was higher than its carrying amount, no impairment charge was recognized. Sensitivity analysis was performed on the change in weighted average cost of capital (WACC) by +0.5%/- 0.5%. Besides, considering of the potential effect of Ukraine-Russia war on Lifecell’s business plans, sensitivity analysis was performed on the change in subscribers, average revenue per user (ARPU) and EBITDA margin by 1.0%-5.0%. No material sensitivity has been noted. As of 31 December 2022, the assumptions used in recoverable amount calculations of Lifecell were: Impairment test was performed based on Lifecell’s business plans covering a six-year period. A post-tax WACC rate of 37.7% - 39.0% for the period from 2023 to 2028, and a terminal growth rate of 5.0% were used. |
Investment properties
Investment properties | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Investment properties | 15. 31 December 31 December 2023 2022 Cost Opening balance 1,329,958 737,031 Disposal - (256,502) Transfer from property, plant and equipment (141,411) 849,429 Closing balance 1,188,547 1,329,958 Accumulated depreciation Opening balance 1,150,873 555,938 Transfer from property, plant and equipment (113,520) 731,185 Depreciation and impairment charges during the year 8,829 34,428 Disposal - (170,678) Closing balance 1,046,182 1,150,873 Net book value 142,365 179,085 Depreciation expenses amounting 8,829 TL for the year ended 31 December 2023 (31 December 2022: 34,428) TL) are recognized under cost of revenue. 15. Determination of the fair values of the Group’s investment properties. The Group engages qualified external experts, authorized by the Capital Markets Board of Turkiye, to perform the valuation of investment properties. Management works closely with the qualified external experts to establish the appropriate valuation techniques and inputs to the model. The fair values of these investment properties were determined using a variety of valuation methods: income capitalization approach and market approach. In estimating the fair values of the properties, the highest and best use of the property is its current use. Rent income from investment properties during the year ended 31 December 2023 is TL 24,066 (31 December 2022: TL 24,205). There are no direct operating expenses for investment properties during the year ended 31 December 2023 (31 December 2022: None). The Group’s investment properties and their fair values at 31 December 2023 and 2022 are as follows: 31 December 2023 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone - - 164,000 Discounted cash flow Investment properties in Ankara - 96,700 - Market approach Investment properties in Adana - 24,500 - Market approach Investment properties in Aydın - 16,000 - Market approach Total - 137,200 164,000 31 December 2022 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone - - 162,895 Discounted cash flow Investment properties in Ankara - 96,392 - Market approach Investment properties in Adana - 21,420 - Market approach Investment properties in Istanbul - 10,710 - Market approach Investment properties in Aydın - 14,253 - Market approach Total - 142,775 162,895 Significant unobservable inputs and sensitivity of fair values of respective investment properties are as follows: In the “income capitalization” approach, a significant increase/(decrease) in rentals will cause a significant increase/(decrease) in the fair value. In addition, a slight decrease/(increase) in risk premium and discount rate which are calculated by considering current market conditions will cause a significant increase/(decrease) in the fair value. In the “market approach”, a significant increase/(decrease) in the market value of any properties which are located in similar areas with similar conditions will cause a significant increase/(decrease) in the fair value. |
Right-of-use assets
Right-of-use assets | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Right-of-use assets | 16. Closing balances of right-of-use assets as of 31 December 2023 and 31 December 2022 and depreciation and amortization expenses for the years ended 31 December 2023 and 31 December 2022 are as follows: Tangible Intangible Network Tangible Right of Intangible Site Rent Building equipment Vehicles Other Total way License Total Total Balance at 1 January 2023 4,642,828 1,141,005 226,757 300,524 336,252 6,647,366 360,474 1,046,465 1,406,939 8,054,305 Depreciation and amortization charge for the year (2,132,213) (314,369) (1,007,606) (178,464) (277,450) (3,910,102) (79,859) (169,508) (249,367) (4,159,469) Balance at 31 December 2023 3,865,774 1,273,779 205,097 144,619 224,488 5,713,757 421,586 749 422,335 6,136,092 Tangible Intangible Network Tangible Right of Intangible Site Rent Building equipment Vehicles Other Total way License Total Total Balance at 1 January 2022 5,545,497 1,150,710 907,565 499,852 378,787 8,482,411 167,881 1,709,644 1,877,525 10,359,936 Depreciation and amortization charge for the year (2,487,303) (276,268) (1,081,663) (187,731) (327,661) (4,360,626) (86,992) (195,442) (282,434) (4,643,060) Balance at 31 December 2022 4,642,828 1,141,005 226,757 300,524 336,252 6,647,366 360,474 1,046,465 1,406,939 8,054,305 As at 31 December 2023, the Company has additions to right-of-use assets amounting to TL 3,990,614 (31 December 2022: TL 3,814,556) and interest expense on lease liabilities amounting to TL 831,599 (31 December 2022: TL 911,081). Depreciation and amortization expenses amounting to TL 4,159,469 (31 December 2022: TL 4,643,060) are recognized in cost of revenues. As at 31 December 2023, a right of use assets amounting to 1,327,438 TL has been classified as assets held for sale. (Note 41) |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2023 | |
Other assets | |
Other assets | 17. 31 December 31 December Other non-current assets 2023 2022 Advances given for property, plant and equipment 3,377,893 4,166,670 Deposits and guarantees given 599,170 616,999 Prepaid expenses 373,192 441,306 VAT receivable 80,015 83,484 Others 154 59,711 4,430,424 5,368,170 31 December 31 December Other current assets 2023 2022 VAT receivable 1,230,366 964,020 Prepaid expenses 1,070,710 753,825 Prepaid taxes 393,101 736,357 Blocked deposits 784,789 267,909 Receivables from the Ministry of Transport and Infrastructure of Turkiye 75,895 226,948 Advances given to suppliers 100,233 185,518 Receivables from tax office 116,912 3,137 Others 103,767 52,928 3,875,773 3,190,642 |
Deferred tax assets and liabili
Deferred tax assets and liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Deferred tax assets and liabilities | |
Deferred tax assets and liabilities | 18. Recognized deferred tax assets and liabilities Deferred tax assets and liabilities at 31 December 2023 and 2022 are attributable to the following: Assets Liabilities Net 2023 2022 2023 2022 2023 2022 Property, plant and equipment and intangible assets 1,352,654 1,081,120 (7,085,009) (12,513,875) (5,732,355) (11,432,755) Derivative instruments 38,805 49,808 (617,192) (902,064) (578,387) (852,256) Reserve for defined benefit plans and provisions 1,413,779 750,939 (29,350) (12,763) 1,384,429 738,176 Tax losses carried forward 1,638,003 3,812,018 - - 1,638,003 3,812,018 Tax allowances 577,944 159,793 - (1,089) 577,944 158,704 Other assets and liabilities (*) 1,718,830 1,713,733 (165,879) (396,290) 1,552,951 1,317,443 Deferred tax assets/(liabilities) 6,740,015 7,567,411 (7,897,430) (13,826,081) (1,157,415) (6,258,670) Offsetting (5,611,266) (4,834,998) 5,611,266 4,834,998 - - Net deferred tax assets/(liabilities) 1,128,749 2,732,413 (2,286,164) (8,991,083) (1,157,415) (6,258,670) (*) Mainly comprises of loans, bonds, prepaid expenses and lease liabilities’ deferred tax effects. Movement in deferred tax assets/ (liabilities) for the years ended 31 December 2023 and 2022 were as follows: 2023 2022 Opening balance, net (6,258,670) (9,005,440) Income tax income 5,358,950 3,649,805 Tax charge relating to components of other comprehensive income 1,136,598 297,112 Transferred to assets held for sale (Note 41) (1,315,876) - Exchange differences (78,417) (1,200,147) Closing balance, net (1,157,415) (6,258,670) The Group did not recognize deferred income tax assets of TL 1,815,562 (31 December 2022: TL2,304,900) in respect of tax losses amounting to TL 8,533,187 (31 December 2022: TL 11,979,388) that can be carried forward against future taxable income because it is not probable that future taxable profits will be available against which unrecognized tax losses can be utilized. The unused tax losses were incurred mainly by BeST. Unused tax losses will expire at the following dates: Expiration Date Amount 2024 1,120,896 2025 3,893,414 2026 153,032 2027 2,181,097 2028 595,424 2030 247,881 2031 308,009 Indefinite 33,434 Total 8,533,187 |
Trade receivables
Trade receivables | 12 Months Ended |
Dec. 31, 2023 | |
Trade receivables. | |
Trade receivables | 19. 31 December 31 December 2023 2022 Receivables from subscribers 6,950,428 6,422,491 Undue assigned contracted receivables 624,799 856,167 Accounts and notes receivable 3,350,418 3,703,559 10,925,645 10,982,217 Trade receivables are shown net of provision for impairment amounting to TL 557,641 as at 31 December 2023 (31 December 2022: TL 1,021,775). Movements in provision for impairment of trade receivables and due from related parties are disclosed in Note 35. The accounts and notes receivable represent receivables from distributors and roaming receivables. The Group’s exposure to currency risk and credit risk arising from trade receivables are disclosed in Note 35. Letters of guarantee received with respect to the accounts and notes receivable amounted to TL 1,027,834 and TL 729,153 at 31 December 2023 and 2022, respectively. The undue assigned contracted receivables are the remaining portion of the assigned receivables from the distributors related to the handset campaigns which will be collected from subscribers by the Company in instalments. When the monthly instalment is billed to the subscriber, that portion is transferred to “Receivables from subscribers”. The Company measures the undue assigned contracted receivables at amortized cost, bears the credit risk and recognizes interest income throughout the contract period. The undue assigned contracted receivables related to handset campaigns, which will be billed after one year amounted to TL 233,429 (31 December 2022: TL 327,285) is presented under non-current trade receivable amounted to TL 325,862 (31 December 2022: TL 492,274). |
Receivables from financial serv
Receivables from financial services | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Receivables from financial services | 20. 31 December 31 December 2023 2022 Non-current receivables from financial services 593,550 469,830 Current receivables from financial services 5,842,112 5,399,259 6,435,662 5,869,089 Movements in provision for impairment of receivables from financial services are disclosed in Note 35. The Group and its distributors have offered handset campaigns where subscribers can buy handsets using loans placed by Turkcell Finansman. The Group assumes credit risk in these transactions. Turkcell Finansman collects the loan from the subscriber during the contract period and the Group does not recognize handset revenue unless it is acting as principal in the handset sale. |
Contract assets
Contract assets | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Contract assets | 21. 31 December 31 December 2023 2022 Non-current contract assets 101,281 110,487 Current contract assets 3,191,739 3,112,465 3,293,020 3,222,952 The contract assets represent contract assets from subscribers. Contract asset is recorded when revenue is recognized in advance of the Group’s right to bill and receive consideration. The contract asset will decrease as services are provided and billed. Contract assets also include contracted receivables related to handset campaigns, and the portion which will be billed after one year is presented under non-current contract assets. |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Inventories | 22. As of 31 December 2023, inventories amounting to TL 540,507 which consist of mainly mobile phone and its accessories, tablet, sim-cards, tower construction materials and other electronic products (31 December 2022: TL 494,988). |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2023 | |
Cash and cash equivalents | |
Cash and cash equivalents | 23. 31 December 31 December 2023 2022 Cash in hand 335 591 Banks 50,025,071 42,823,111 - Demand deposits 4,215,677 3,598,726 - Time deposits 45,809,394 33,120,932 - Receivables from reverse repo - 6,103,453 Impairment loss provision (46,690) (47,542) 49,978,716 42,776,160 As of 31 December 2023, the average effective interest rates of TL, USD, EUR and RMB time deposits are 42.2%, 4.1%, 3.7% and 0.7% (31 December As of 31 December 2023, average maturity of time deposits is 39 days (31 December 2022: 22 days). As of 31 December 2023, there is no receivables from reverse repo. As of 31 December 2022, the effective interest rates of USD and EUR receivables from reverse repo are 3.0% and 2.8% respectively and average maturity of receivables from reverse repo is 23 days. Reconciliation of cash and cash equivalents in consolidated statement of cash flows: 31 December 31 December 2023 2022 Cash and cash equivalents 49,978,716 42,776,160 Interest accrual of cash and cash equivalents (171,284) (33,956) Asset held for sale 4,017,443 — Total 53,824,875 42,742,204 |
Financial assets
Financial assets | 12 Months Ended |
Dec. 31, 2023 | |
Financial assets | |
Financial assets | 24. The details of financial assets as of 31 December 2023 and 2022 are as follows: 31 December 2023 31 December 2022 Non- Non- current Current current Current Amortized cost - - - 1,233,597 - Time deposits with maturity of more than three months - - - 1,233,597 Fair value through profit or loss 541,490 8,869,828 426,147 6,648,418 - Currency protected time deposits (**) - 8,869,828 - 6,648,418 - Investment funds (***) 541,490 - 426,147 - Fair value through other comprehensive income 106,023 - 3,049,667 - - Listed debt securities (*) 106,023 - 3,049,667 - 647,513 8,869,828 3,475,814 7,882,015 (*) (**) In order to prioritize the TL in deposit preferences of savers and to increase the share of TL in banks’ balance sheets, the foreign currency protected deposit and participation account (“CPTD”) scheme was introduced in December 2021 by Ministry of Treasury and Finance of Turkiye (“MoTF”). The CPTD scheme consists of TL accounts to be opened under the support of the MoTF and conversions from foreign currency (FX) deposits to TL accounts to be supported by the CBRT. Savings of TL depositors are hedged against the exchange rate risk with the CPTD scheme supported by the MoTF. The CBRT-supported scheme enables FX deposit account holders to switch to TL deposit accounts. Depositors switching to TL accounts from their foreign currency accounts under the support of the CBRT will be able to continue to hedge their savings against the exchange rate risk by using the MoTF supported scheme at the end of the maturity period. Currency-protected time deposit accounts are classified as financial assets at fair value through profit or loss. The Group has converted its foreign currency deposit account amounting to USD 190,356 and EUR 85,000 into “Currency Protected TL Time Deposit Accounts”. Maturity of currency protected time deposit accounts is 1 year. (***) Investment funds mainly include Turkcell GSYF, established by Re-Pie., and its associate and financial assets which is carried at fair value and valuation differences are recognized in profit or loss. Fair Values 31 December 31 December Fair value 2023 2022 hierarchy Valuation technique Financial assets at fair value through other comprehensive income 106,023 3,049,667 Level 1 Pricing models based on quoted market prices at the end of the reporting period, Financial assets at fair value through profit or loss 82,311 32,925 Level 1 Pricing models based on quoted market prices at the end of the reporting period, Financial assets at fair value through profit or loss 8,869,828 6,648,418 Level 2 Forward exchange rates at the reporting date Financial assets at fair value through profit or loss 459,179 393,222 Level 3 Pricing models based on discounted cash flow 9,517,341 10,124,232 24. Financial assets (continued) As of 31 December 2023, and 2022, the notional and fair value amounts of listed debt securities are as follows: 31 December 2023 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 73,426 106,023 Indefinite Total listed debt securities 106,023 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity EUR 24,000 777,764 16 February 2026 EUR 15,000 459,852 8 July 2027 EUR 5,000 164,732 11 April 2023 USD 3,700 120,802 31 March 2025 USD 21,000 644,610 14 July 2023 USD 18,000 508,090 25 March 2027 USD 5,000 161,123 13 November 2025 USD 3,000 92,001 25 January 2023 USD 1,000 30,549 10 August 2024 USD 50,000 90,144 Indefinite Total listed debt securities 3,049,667 As of 31 December 2023 and 2022, the notional and fair value amounts of currency protected time deposits are as follows: 31 December 2023 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 1,191,635 1,732,409 22 February 2024 TL 1,071,635 1,722,282 26 February 2024 TL 955,742 1,155,750 27 February 2024 TL 599,368 715,056 26 April 2024 TL 972,020 499,665 10 May 2024 TL 207,853 418,545 12 February 2024 TL 700,000 778,068 28 February 2024 TL 428,045 474,316 31 July 2024 TL 269,857 325,875 16 August 2024 TL 274,462 323,482 28 August 2024 TL 229,780 253,153 02 October 2024 TL 140,639 170,242 01 April 2024 TL 94,501 150,592 15 April 2024 TL 94,501 150,393 24 October 2024 Total currency protected time deposits 8,869,828 24. Financial assets (continued) 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 1,564,478 2,037,015 10 May 2023 TL 1,160,181 1,565,557 27 February 2023 TL 1,155,113 1,351,781 15 August 2023 TL 719,717 842,611 16 August 2023 TL 379,577 493,978 11 May 2023 TL 305,578 357,476 02 October 2023 Total currency protected time deposits 6,648,418 During the year, the following gains (losses) were recognized in other comprehensive income. 31 December 31 December 31 December 2023 2022 2021 Gains / (Losses) recognized in other comprehensive income Related to financial assets 149,602 (121,999) (192,475) Related to financial assets, tax effect (5,514) 35,988 38,164 144,088 (86,011) (154,311) |
Equity
Equity | 12 Months Ended |
Dec. 31, 2023 | |
Equity. | |
Equity | 25. Share capital As at 31 December 2023, share capital represents 2,200,000,000 (31 December 2022: 2,200,000,000) authorized, issued and fully paid shares with a par value of TL 1 each. In this respect, share capital presented in the consolidated financial statements refers to nominal amount of registered share capital. Each holder of shares is entitled to receive dividends as declared and their vote entitlements are determined as explained in Note 1. Companies with their shareholding percentage are as follows: 31 December 2023 31 December 2022 (%) TL (%) TL Public Share 53.95 1,187,004 53.95 1,187,004 TVF BTIH 26.20 576,400 26.20 576,400 IMTIS Holdings 19.80 435,600 19.80 435,600 Other 0.05 996 0.05 996 Total 100 2,200,000 100 2,200,000 Inflation adjustment to share capital 30,134,546 30,134,546 Inflation adjusted capital 32,334,546 32,334,546 As at 31 December 2023, total number of shares pledged as security is 995,509 (2022: 995,509). 25. Equity (continued) Legal reserves The legal reserves consist of first and second reserves, appropriated in accordance with the Turkish Commercial Code (“TCC”). The TCC stipulates that the first legal reserve is appropriated out of statutory profits at the rate of 5% per annum, until the total reserve reaches 20% of a company’s paid-in share capital. The second legal reserve is appropriated at the rate of 10% per annum of all cash dividends in excess of 5% of the paid-in share capital. Under the TCC, the legal reserves can only be used to offset losses and are not available for any other usage unless they exceed 50% of paid-in share capital. Treasury shares During 2023, the Company purchased 1,000,000 of its shares on-market with prices ranging from full TL 33.46 to full TL 34.00 as part of the share buyback decision taken on July 27, 2016, and January 30, 2017. Treasury shares are recognized by deducting from equity. Dividends Turkcell: At the General Assembly held on 13 September 2023, it was decided to distribute gross TL (2,484,979) part of the distributable profit of the Company for the year ended 31 December 2022 to the shareholders on 20 December 2023 in cash, as 1.0272 gross for each share with a nominal value of 1 TL. The amount was paid to the shareholders on the relevant date (31 December 2022: TL (2,391,534)). |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share | |
Earnings per share | 26. 2023 2022 2021 Numerator: Profit attributable to owners of the Company 12,553,996 6,880,436 7,135,436 Denominator: Weighted average number of shares (*) 2,182,106,193 2,183,106,193 2,183,106,193 Basic and diluted earnings per share for profit attributable to owners of the Company (in full TL) 5.75 3.15 3.27 Numerator: Profit from continuing operations attributable to owners of the Company 10,584,322 6,038,066 6,416,709 Denominator: Weighted average number of shares (*) 2,182,106,193 2,183,106,193 2,183,106,193 Basic and diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL) 4.85 2.77 2.94 26. Earnings per share (continued) 2023 2022 2021 Numerator: Profit from discontinued operations attributable to owners of the Company 1,969,674 842,370 718,727 Denominator: Weighted average number of shares (*) 2,182,106,193 2,183,106,193 2,183,106,193 Basic and diluted earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL) 0.90 0.39 0.33 (*) Refer to Note 25 - Treasury shares |
Other non-current liabilities
Other non-current liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Other non-current liabilities | |
Other non-current liabilities | 27. Other non-current liabilities 31 December 31 December 2023 2022 Liabilities to BeST investment agreement (*) 1,027,057 1,093,001 Consideration payable in relation to the acquisition of Boyut Enerji - 5,396 Deferred revenue 86,411 8,194 1,113,468 1,106,591 (*) The transfer of ownership of BeST’s 20% share in the Republic of Belarus was completed on 9 December 2022. On 30 November 2022, an agreement was signed between the Republic of Belarus, BeST and the Company for the development of telecommunications infrastructure, which covers the years 2022-2032 and involves a USD 100,000 obligation to be paid over a period of 10 years based on a minimum of 50% of the net profit earned by BeST, with the entire amount being paid by the Company to the Republic of Belarus if the specified amount is not reached at the end of the 10-year period. The liability recorded in the consolidated financial statements for the BeST investment agreement reflects the amortized cost value of future payments at the balance sheet date. The total future payments to be made is USD 100,000 (equivalent to TL 2,943,820 as of 31 December 2023) and will be paid depending on the financial performance of BeST. A discount rate of 14.99% was used in the amortized cost calculation. BeST expects the payment to be made in installments between 2027-2032 and changes in expected timing of payments is accounted within net interest expenses for financial assets and liabilities measured at amortized cost. |
Loans and borrowings
Loans and borrowings | 12 Months Ended |
Dec. 31, 2023 | |
Loans and Borrowings | |
Loans and borrowings | 28. 31 December 31 December Long-term borrowings 2023 2022 Unsecured bank loans 25,494,990 25,793,259 Secured bank loans 3,950,491 3,775,341 Lease liabilities 1,655,783 3,595,270 Debt securities issued 26,845,384 28,021,429 57,946,648 61,185,299 Short-term borrowings Unsecured bank loans 19,569,422 21,207,113 Secured bank loans 773,762 1,393,368 Lease liabilities 771,805 1,438,923 Debt securities issued 5,022,572 3,512,682 26,137,561 27,552,086 28. Loans and borrowings (continued) The Company has used loans in accordance with the loan agreement previously signed with ING Bank N.V. and AB Svensk Export kredit under the Swedish Export Credit Organization (“EKN”) insurance on 18 December 2020. Under this agreement as of 31 December 2023, the Company has used loans of USD 4,819, USD 25,889 and USD 9,110 on 24 February 2023, 22 May 2023, and 7 September 2023, respectively, at a fixed annual interest rate of 1.53%. The Company has used loans in accordance with the loan agreement previously signed with China Development Bank on August 7, 2020, and extended on August 7, 2023. As of December 31, 2023, under this agreement, the Company has used EUR 28,900, EUR 36,603, EUR 26,854, and EUR 40,675 loans on February 8, 2023, May 29, 2023, June 21, 2023, October 25, 2023, respectively, with an interest rate of 6M Euribor+2.29%, and CNY 42,073, CNY 47,600, and CNY 36,000 loans on September 6, 2023, November 28, 2023 and December 27, 2023, respectively, with an annual interest rate of 5.15%. As of 31 December 2023, the outstanding credit limit is EUR 102,000. The Company obtained approval from the Capital Markets Board of Türkiye (the CMB) on 28 April 2023 for issuance of debt securities up to TL 8,000,000. The Company has issued debt securities on 8 May 2023, 1 August 2023, 9 August 2023, and 11 August 2023, respectively, amounting TL 330,000, TL 500,000, TL 530,000 and TL 700,000 with the maturity of 9 August 2023, 31 January 2024, 8 February 2024, and 9 February 2024. As of 31 December 2023, the outstanding credit limit is TL 5,939,680. The Company has used a loan in accordance with the loan agreement with the Bank of China (“BOC”) on August 11, 2023. As of December 31, 2023, under this agreement, the Company has used EUR 9,838, EUR 7,550, and EUR 6,498 loans on August 25, 2023, October 27, 2023, and December 21, 2023, respectively, with an interest rate of 3M Euribor+2.50%. As of 31 December 2023, the outstanding credit limit is EUR 6,100. Turkcell Ödeme has issued sukuk, each with a maturity of between 3 and 4 months, for a total amount of TL 1,680,000 on various dates between February 2023 and December 2023. As of 31 December 2023, the outstanding credit limit is TL 500,000. Turkcell Superonline obtained approval from the CMB on 25 August 2022, for the issuance of sukuk up to TL 1,000,000, in addition to the TL 400,000 issued in 2022, through Halk Varlık Kiralama. On various dates between January 2023 to May 2023, a total of TL 600,000 worth of sukuk were issued, each with a maturity of 3 months. All of these issued sukuk have been repaid as of 30 September 2023. In addition, Turkcell Superonline obtained approval from the CMB on 21 June 2023, for the issuance of sukuk up to TL 1,000,000. Within the scope of the said approval, a total of TL 1,000,000 worth of sukuk, each with a maturity of 3 Turkcell Finansman A.S issued a total of TL 925,000 corporate bonds, with maturities between 91 and 182 days on various dates between March and December. As of 31 December 2023, TL 825,000 issuance limit remained from the TL 1,000,000 limit in December. 28. Loans and borrowings (continued) Terms and conditions of outstanding loans are as follows: 31 December 2023 31 December 2022 Interest Payment Nominal Carrying Payment Nominal Carrying Currency rate type period interest rate amount period interest rate amount Unsecured Bank Loans EUR Floating 2024 - 2028 Euribor+ 2.0% -Euribor+ 4.0% 25,815,920 2023 - 2028 Euribor+ 2.0% -Euribor+ 2.3% 22,530,691 Unsecured Bank Loans TL Fixed 2024 - 2025 11.5% - 58.9% 11,942,103 2023 12.4% - 38.0% 12,822,981 Unsecured Bank Loans USD Floating 2024 - 2028 Sofr 2.2% 4,483,145 2023 - 2026 Libor+ 1.7% -Libor+ 2.2% 6,561,767 Unsecured Bank Loans UAH Fixed - - - 2023 - 2024 10.0% - 21.0% 2,354,892 Unsecured Bank Loans CNY Fixed 2024 - 2028 5.2% - 5.5% 2,261,585 2023 - 2028 3.7% - 5.5% 2,446,988 Unsecured Bank Loans EUR Fixed 2024 6.0% 345,431 - - - Unsecured Bank Loans USD Fixed 2024 - 2026 2.6% 200,371 2023 - 2026 2.6% 283,053 Unsecured Bank Loans BYR Fixed 2024 14.0% 15,857 - - - Secured bank loans USD Fixed 2024 - 2033 1.5% - 3.8% 3,872,474 2023 - 2032 1.5% - 3.8% 3,491,611 Secured bank loans USD Floating 2024 - 2028 Sofr+ 0.6% & Libor+ 1.6% 851,779 2023 - 2028 Libor+ 0.6% - Libor+ 1.6% 1,075,688 Secured bank loans UAH Fixed - - - 2023 16.4% - 19.5% 601,410 Debt securities issued USD Fixed 2024 - 2028 5.8% 28,430,710 2023 - 2028 5.8% 29,680,889 Debt securities issued TL Fixed 2024 29.5% - 45.0% 3,437,246 2023 20.3% - 25.5% 1,853,222 Lease liabilities TL Fixed 2024 - 2057 9.8% - 45.0% 1,569,795 2023 - 2048 9.8% - 45.0% 1,989,791 Lease liabilities UAH Fixed - - - 2023 - 2071 7.6% - 47.7% 1,892,521 Lease liabilities EUR Fixed 2024 - 2034 1.0% - 11.0% 407,907 2023 - 2034 1.0% - 10.3% 510,252 Lease liabilities BYN Fixed 2024 - 2037 10.8% - 20.0% 415,560 2023 - 2037 11.5% - 20.0% 509,575 Lease liabilities USD Fixed 2024 - 2052 3.9% - 11.6% 34,326 2023 - 2052 3.9% - 11.5% 132,054 84,084,209 88,737,385 |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Employee benefits | 29. Employee benefits 31 December 31 December 2023 2022 Defined benefit plans provision 1,684,487 2,621,135 Unused vacation provision 367,838 328,351 2,052,325 2,949,486 Provision for defined benefit plans Movements in provision for retirement pay liability are as follows: 2023 2022 Balance at 1 January 2,621,135 1,391,572 Service cost 352,454 164,086 Past service cost 3,821 3,574 Remeasurements 149,757 1,824,873 Interest expense 162,917 185,615 Benefit payments (564,023) (111,268) Inflation adjustment (1,041,575) (837,317) Balance at 31 December 1,684,487 2,621,135 29. Employee benefits (continued) The sensitivity of provision for retirement pay liability to changes in the significant actuarial assumptions is: 31 December 2023 Interest Rate Inflation Rate Sensitivity Level 1% increase 1% decrease 1% increase 1% decrease Change in assumption (14.1) % 17.0 % 17.2 % (14.4) % Impact on provision for defined benefit plans (237,007) 286,194 290,406 (243,240) 31 December 2022 Interest Rate Inflation Rate Sensitivity Level 1% increase 1% decrease 1% increase 1% decrease Change in assumption (13.4) % 16.3 % 16.5 % (13.8) % Impact on provision for defined benefit plans (403,655) 498,016 495,395 (408,897) The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. Defined contribution plans Obligations for contribution to defined contribution plans are recognized as an expense in the consolidated statement of profit or loss as incurred. The Group is obliged to contribute a certain percentage of personnel wages to pension plans. The Group incurred TL 75,500 and TL 105,964 in relation to the defined contribution retirement plan for the years ended 31 December 2023 and 2022 respectively. Share based payments The Group has a share performance-based payment plan (cash settled incentive plan) in order to build a common interest with its shareholders, support sustainable success, and ensure loyalty of key employees. The KPIs of the plan are; the total shareholder return in excess of weighted average cost of capital (WACC), and ranking of total shareholder return in comparison with BIST-30 and peer group. Bonus amount is determined according to these evaluations, and it is distributed over a three-year payment plan. As of 31 December 2023, the Group recognized expenses of TL 201,136 regarding this plan (31 December 2022: None) |
Deferred revenue
Deferred revenue | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Deferred revenue | 30. Deferred revenue primarily consists of rent income that are accounted with the scope of IFRS 16 and it is classified as current at 31 December 2023 and 2022. The amount of deferred revenue is TL 248,003 and TL 214,040 as at 31 December 2023 and 2022, respectively. |
Contract liabilities
Contract liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Contract liabilities | 31. 31 December 31 December 2023 2022 Long-term contract liabilities 1,193,665 1,248,479 Short-term contract liabilities 1,312,519 1,401,669 2,506,184 2,650,148 Contract liabilities primarily consists of top-up made by prepaid subscribers but not used as of the balance sheet date. Revenue recognized in the current reporting period relating to carried forward contract liabilities is TL 1,401,669 (2022: TL 1,507,988). The following table shows unsatisfied performance obligation result as of 31 December 2023; 31 December 31 December 2023 2022 Telecommunications service 2,100,700 3,039,176 Equipment revenues 933,916 1,399,868 3,034,616 4,439,044 Management expects that 52% of the transaction price allocated to the unsatisfied contracts as of 31 December 2023 will be recognized as revenue during 2024. The remaining 48% will be recognized in next years. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Provisions | 32. Non - Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2023 78,585 1,517,618 1,596,203 Provisions recognized 124,582 72,557 197,139 Payments - (22,631) (22,631) Unwinding of discount - 110,868 110,868 Transfers to current provisions (46,026) - (46,026) Remeasurements - 272,955 272,955 Effect of changes in exchange rates - 204,532 204,532 Transfers to asset held for sale - (204,056) (204,056) Inflation adjustment (46,544) (683,005) (729,549) Balance at 31 December 2023 110,597 1,268,838 1,379,435 32. Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2022 53,219 1,613,569 1,666,788 Provisions recognized 88,180 19,735 107,915 Payments - (11,732) (11,732) Unwinding of discount - 133,295 133,295 Transfers to current provisions (34,320) - (34,320) Remeasurements - 401,443 401,443 Effect of changes in exchange rates - 42,431 42,431 Inflation adjustment (28,494) (681,123) (709,617) Balance at 31 December 2022 78,585 1,517,618 1,596,203 Provision for legal claims is recognized for the probable cash outflows related to legal disputes. Refer to Note 37. The Group is required to incur certain costs in respect of a liability to dismantle and remove assets and to restore sites on which the assets were located. The dismantling costs are calculated according to best estimate of future expected payments discounted at a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the liability. Current provisions: Legal claims (**) Bonus (*) Total Balance at 1 January 2023 52,515 1,189,764 1,242,279 Provisions recognized 512,039 2,657,049 3,169,088 Payments (23,591) (1,482,378) (1,505,969) Transfers from non-current provisions 46,026 - 46,026 Transfers to asset held for sale (10,015) (175,440) (185,455) Effect of changes in exchange rates 91 38,274 38,365 Inflation adjustment (127,135) (701,656) (828,791) Balance at 31 December 2023 449,930 1,525,613 1,975,543 Legal claims (**) Bonus (*) Total Balance at 1 January 2022 181,407 1,371,334 1,552,741 Provisions recognized / reversals (173) 1,767,229 1,767,056 Payments (101,687) (1,357,306) (1,458,993) Transfers from non-current provisions 34,320 - 34,320 Remeasurements - - - Effect of changes in exchange rates - 3,995 3,995 Inflation adjustment (61,352) (595,488) (656,840) Balance at 31 December 2022 52,515 1,189,764 1,242,279 (*) Includes share-based payment (Note (**) Refer to Note 37. |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Trade and other payables | 33. Trade and other payables 31 December 31 December Short-term trade and other payables 2023 2022 Payables to suppliers 12,675,253 11,366,718 Taxes payable 2,730,809 2,649,751 Accrued treasury share, universal service fund contribution and contributions to the ICTA’s expenses 1,760,603 1,625,498 Accrued selling and marketing expenses 166,799 317,188 Payables related with donation 1,750,000 - Others 1,522,759 1,059,284 20,606,223 17,018,439 Payable to suppliers arises in the ordinary course of business. Taxes payables include VAT payables, special communications taxes payable, frequency usage fees payable to the ICTA and personnel income taxes payable. Accrued selling and marketing expenses mainly result from services received from third parties related to the marketing activities of the Group, but not yet invoiced. |
Derivative financial instrument
Derivative financial instruments | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Derivative financial instruments | 34. The fair value of derivative financial instruments at 31 December 2023 and 2022 are attributable to the following: 31 December 2023 31 December 2022 Assets Liabilities Assets Liabilities Held for trading 607,509 313,805 1,308,954 215,974 Derivatives used for hedge accounting 1,305,395 48,609 1,977,016 35,314 Total 1,912,904 362,414 3,285,970 251,288 At 31 December 2023, short-term derivative assets of TL 2,044,765 also include a net accrued interest income of TL 131,860 and the short-term derivative liabilities of TL 354,370 also includes a net accrued interest expense of TL 8,044. At 31 December 2022, the short-term derivative assets of TL 3,348,871 also include a net accrued interest expense of TL 62,901 and the short-term derivative liabilities of TL 248,682 also includes a net accrued interest income of TL 2,606. 34. Derivative financial instruments (continued) Derivatives used for hedging The notional amount and the fair value of derivatives used for hedging contracts at 31 December 2023 and 2022 are as follows: 31 December 2023 31 December 2022 Change in Change in intrinsic value intrinsic value of outstanding of outstanding Notional Notional hedging hedging value value instruments instruments in original in original Hedge since 1 January since 1 January Currency currency Fair value currency Fair value Maturity date ratio 2023 2022 Participating cross currency swap contracts EUR Contracts 167,000 259,289 233,600 334,517 October 2025 01:01 (4,216) (12,009) EUR Contracts 38,057 24,514 50,711 88,338 April 2026 01:01 (192) (288) USD Contracts 124,186 566,902 165,478 924,346 April 2026 01:01 (672) 16,578 Cross currency swap contracts RMB Contracts 81,162 309,793 108,148 423,372 April 2026 01:01 132,184 121,601 Interest rate swap contracts USD Contracts 90,135 96,288 120,105 171,129 April 2026 01:01 - - Derivatives used for hedge accounting 1,256,786 1,941,702 EUR 191,036 (2022: EUR 269,624) participating cross currency swap contracts includes TL 998,716 (2022: TL 1,967,883) guarantees after the CSA agreement. 34. Derivative financial instruments (continued) Held for trading The notional amount and the fair value of derivatives used held for trading contracts at 31 December 2023 and 2022 are as follows: 31 December 2023 31 December 2022 Notional Notional value in value in original Fair original Currency currency value Maturity currency Fair value Maturity Cross currency swap contracts USD Contracts 8,000 185,107 November 2025 18,858 400,871 March 2023 - November 2025 RMB Contracts 19,425 71,036 April 2026 25,883 94,715 April 2026 Currency forward contracts USD Contracts 334,900 (123,348) March 2024 377,435 12,643 January 2022 - March 2022 EUR Contracts 10,000 (19,906) January 2024 26,900 47,288 February 2023 - April 2023 FX swap contracts USD Contracts 353,972 (148,612) February 2024 357,451 (6,558) January 2023 RMB Contracts - - - 148,422 3,071 January 2023 Participating cross currency swap contracts USD Contracts 18,000 72,504 November 2025 27,000 123,664 November 2025 EUR Contracts 40,060 251,073 April 2026 53,380 418,589 April 2026 Interest rate swap contracts USD Contracts 64,655 23,711 April 2026 53,380 (1,303) April 2026 TL Contracts 600,000 (17,861) October 2026 - - - Derivatives held for trading 293,704 1,092,980 34. Derivative financial instruments (continued) Fair value of derivative instruments and risk management Fair value This section explains the judgments and estimates made in determining the fair values of the financial instruments that are recognized and measured at fair value in the financial statements. To provide an indication of the reliability of the inputs used in determining fair value, the Group has classified its financial instruments into the three levels prescribed under the accounting standards. An explanation of each level is as follows: ● Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date; ● Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and ● Level 3 inputs are unobservable inputs for the asset or liability. Fair Value hierarchy Valuation Techniques a) Participating cross currency swap contracts Level 2 Pricing models based on discounted cash present value of the estimated future cash flows based on observable yield curves and end period FX rates b) FX swap, currency, interest swap and option contracts Level 2 Present value of the estimated future cash flows based on observable yield curves and end period FX rates c) Currency forward contracts Level 2 Forward exchange rates at the balance sheet date In the valuation of participating cross currency swap contracts, the Group uses bid prices in the bid- ask price range that were considered the most appropriate instead of mid prices. Using bid prices instead of mid ranges, has no impact on carried values as of 31 December 2023. (31 December 2022: TL 15,892 lower) 34. Derivative financial instruments (continued) Fair value of derivative instruments and risk management (continued) Fair value (continued) Movements in the participating cross currency swap contracts for the years ended 31 December 2023 and 2022 are stated below, and participating cross currency swap contracts are transferred to level 2 from Level 3 as of 31 December 2023. 31 December 31 December 2023 2022 Opening balance 1,889,454 2,839,699 Cash flow effect (2,206,436) (2,203,493) Total gain/loss: Gains recognized in profit or loss 2,275,339 2,362,553 Inflation adjustments (784,075) (1,109,305) Transferred to Level 2 (1,174,282) - Closing balance - 1,889,454 The Group transferred participating cross currency swap contracts from Level 3 to Level 2 hierarchy because the use of bid prices in the bid-ask price ranges in valuation are not considered significant unobservable input anymore, based on market data. As a policy, the Group makes transfers between fair value hierarchy levels at the end of the reporting period. As of 31 December 2023, the Company has no financial assets and liabilities Net off / Offset The Company signed a Credit Support Annex (CSA) against the default risk of parties in respect of a EUR 167,000 participating cross currency swap transaction executed on 15 July 2016 and restructured respectively on 26 May 2017 and 9 August 2018. Additionally, in the 25 June 2019, The Company signed a new CSA to EUR 24,036 participating cross currency swap transaction. As per the CSA, the swap’s current (mark-to-market) value will be determined on the 10th and 24th calendar day of each calendar month, and if the mark-to-market value is positive and exceeds a certain threshold, the bank will be posting cash collateral to the Company which will be equal to an amount exceeding the threshold (i.e. if the mark-to-market value is negative, the Company would be required to post collateral to the bank by an amount exceeding the threshold). With respect to valuations, on a bi-weekly basis, a transfer will take place between the parties only if the mark-to-market value changes by at least EUR 1,000. Following the execution of CSA, the bank transferred to the Company EUR 340,544 as collateral (31 December 2022: TL 11,092,846) which was the amount exceeding the threshold (EUR 10,000) and the Company transferred EUR 309,884 as collateral to the bank (31 December 2022: TL 10,094,130) which was the amount exceeding the threshold (EUR 10,000). The Company clarified this with the derivative assets included in the statement of financial position because it has the legal right to offset the collateral amount TL 998,716 (31 December 2022: 1,967,883) that it recognizes under the borrowings and intends to pay according to the net fair value, this amount was netted from the borrowings and deducted from the derivative instruments in the balance sheet. As of 31 December 2023, if this transaction was not conducted, derivative financial instruments assets, liabilities and borrowings would have been TL 2,870,371 (31 December 2022: TL 5,062,399), TL 181,260 (31 December 2022: TL 5,674) and TL 30,371,295 (31 December 2022: TL 29,519,970) respectively. 34. Fair value of derivative instruments and risk management (continued) Market risk The Group uses various types of derivatives to manage market risks. All such transactions are carried out within the guidelines set by the treasury and risk management department. Generally, the Group seeks to apply hedge accounting to manage volatility in profit or loss. Currency risk The Group’s risk management policy is to hedge its estimated foreign currency exposure in respect of borrowing payments with various maturities at any point in time. The Group uses participating cross currency contracts to hedge its currency risk, mostly with a maturity of over one year from the reporting date. These contracts are generally designated as cash flow hedges. The Company started to apply hedge accounting as of 1 July 2018 for existing participating cross currency swap and cross currency swap transactions in accordance with IFRS 9 hedge accounting requirement. The Group designates the hedge ratio, between the amount of the hedged item and the hedging instrument is 1:1 to hedge its currency risk. The time value of options in participating cross currency swap contracts are included in the designation of the hedging instrument and are separately accounted for as a cost of hedging, which is recognized in equity in a cost of hedging reserve. The Group’s policy is for the critical terms of the participating cross currency contracts to align with the hedged item. The Group determines the existence of an economic relationship between the hedging instruments and hedged item based on the currency, amount and timing of their respective cash flows. The Group assesses whether the derivative designated in each hedging relationship is expected to be and has been effective in offsetting changes in cash flows of the hedged item using the hypothetical derivative method. In these hedge relationships, the main sources of ineffectiveness are; - The effect of the counterparties’ credit risk on the fair value of the swap contracts, which is not part of the hedged risk and associated credit risk considered to be very low at inception in the fair value of the hedged cash flows attributable to the change in exchange rates; - The entire fair value of the derivative contracts including currency basis was designated as the hedging instrument in cash flow hedge. The hypothetical derivative is modelled to exclude the impact of currency basis. The Company’s bank loans are designated as hedging instruments again st the spot foreign exchange rate risk (USD/TL) associated with highly probable electricity sales. In this context, the Group started to apply cash flow hedge accounting effective from 10 September 2021. The amount of loans associated within this scope amounted to USD 10,097 as of 31 December 2023. The after tax foreign exchange gain and loss recognized under “cash flow hedges” in the statement of other comprehensive income of 2022. The Company’s lease liabilities are designated as hedging instruments against the spot foreign exchange rate risk (EUR/TL) associated with highly probable EUR telecommunication revenues. In this context, the Group started to apply cash flow hedge accounting effective from 1 October 2021. The amount of lease liabilities associated within this scope amounted to EUR 9,882 as of 31 December 2023. The after tax foreign exchange gain and loss recognized under “cash flow hedges” in the statement of other comprehensive income of 2022. 34. Fair value of derivative instruments and risk management (continued) Currency risk (continued) The Company designated EUR 320,008 of bank loan, as hedging instruments in order to hedge the foreign currency risk arising from the translation of net assets of the subsidiaries operating in Europe from EUR to Turkish Lira. Foreign exchange gains/losses of the related loans are recognized under equity as “gains/(losses) on net investment hedges” in order to offset the foreign exchange gains/(losses) arising from the translation of the net assets of investments in foreign operations to Turkish Lira. The after tax foreign exchange loss recognized under “hedges of net investments in foreign operation” in the statement of other comprehensive income of 2022 in the scope of net investment hedge amounted to TL (1,161,222) (2022: TL (80,795)) Interest rate risk The Group adopts a policy of ensuring that its interest rate risk exposure is at a fixed rate. This is achieved partly by entering into fixed-rate instruments and partly by borrowing at a floating rate and using cross currency and interest rate swaps as hedges of the variability in cash flows attributable to movements in interest rates. The Group applies a hedge ratio of 1:1. The Group determines the existence of an economic relationship between the hedging instrument and hedged item based on the reference interest rates, tenors, repricing dates and maturities and the notional or par amounts. The Group assesses whether the derivative designated in each hedging relationship is expected to be effective in offsetting changes in cash flows of the hedged item using the hypothetical derivative method. In these hedge relationships, the main sources of ineffectiveness are: - The effect of the counterparties’ credit risk on the fair value of the swap contracts, which is not part of the hedged risk and associated credit risk considered to be very low at inception in the fair value of the hedged cash flows attributable to the change in interest rates; Cash flow sensitivity analysis for variable-rate instruments A reasonable potential change of 100 basis points in interest rates and 10% change in foreign exchange currency at the reporting date would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis assumes that all other variables remain constant. Profit or Loss Equity, net of tax 100 bp 100 bp 100 bp 100 bp 31 December 2023 increase decrease increase decrease Participating cross currency swap contracts (51,444) 12,874 555,829 572,421 Cross currency swap contracts 138,039 129,023 (7,670) (8,685) Cash Flow sensitivity (net) 86,595 141,897 548,159 563,736 34. Cash flow sensitivity analysis for variable-rate instruments (continued) Profit or Loss Equity, net of tax 100 bp 100 bp 100 bp 100 bp 31 December 2022 increase decrease increase decrease Participating cross currency swap contracts (61,841) (41,299) 1,245,373 1,297,102 Cross currency swap contracts 106,742 389,418 389,587 339,632 Cash Flow sensitivity (net) 44,701 348,119 1,639,960 1,636,734 |
Financial instruments
Financial instruments | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Financial instruments | 35. Credit risk Exposure to credit risk: The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date is: 31 December 31 December Notes 2023 2022 Trade receivables 19 11,251,507 11,474,491 Contract assets 21 3,293,020 3,222,952 Receivables from financial services 20 6,435,662 5,869,089 Cash and cash equivalents (*) 23 49,978,381 42,775,569 Derivative financial instruments 34 2,044,765 3,348,871 Other current & non-current assets (**) 17 703,180 694,136 Financial assets at amortized cost 24 - 1,233,597 Financial assets at fair value through profit or loss 24 9,411,318 7,074,565 Financial assets at fair value through other comprehensive income 24 106,023 3,049,667 Due from related parties 171,373 125,967 83,395,229 78,868,904 (*) Cash in hand is excluded from cash and cash equivalents. (**) Prepaid expenses, VAT receivable, receivable from the Ministry of Transport and Infrastructure of Turkiye and advances given are excluded from other current assets and other non-current assets. 35. Credit risk (continued) Credit quality: 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 Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2023 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 71,631,176 834,801 194,114 129,960 94,004 74,345 859,148 293,438 160,786 74,271,772 Loss Allowance 79,942 14,424 8,940 6,611 6,789 7,294 184,182 208,805 88,238 605,225 (*) 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 2023, the total amount of derivative financial instruments, financial assets, other assets and cash and cash equivalent included in gross carrying amount is TL 58,761,624. TL and out of this total balance TL 58,617,700 is included within “not due” column with a total loss allowance of TL 34,610. Total overdue balance associated with these assets amounts to TL 143,924. Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Contract assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2023 Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,296,409 - - - - - - - - 3,296,409 Loss Allowance 3,389 - - - - - - - - 3,389 Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets from financial 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years services at 31 December 2023 (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 5,869,236 451,234 83,488 21,403 26,123 9,133 113,693 2,070 6,234 6,582,614 Loss Allowance 33,483 3,480 1,290 1,491 10,315 4,721 83,877 2,063 6,232 146,952 (**) Other Assets includes receivables from financial services, Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2022 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 67,227,170 620,561 293,019 141,299 119,245 154,017 1,358,963 572,029 381,413 70,867,716 Loss Allowance 217,408 9,277 9,028 7,846 9,679 12,671 320,263 316,400 188,281 1,090,853 (*) 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. Credit risk (continued) Credit quality: (continued) Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Contract assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2022 Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,235,056 - - - - - - - - 3,235,056 Loss Allowance 12,104 - - - - - - - - 12,104 Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets from financial services at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2022 (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 5,478,565 297,465 52,668 20,849 28,344 11,305 115,498 3,627 8,927 6,017,248 Loss Allowance 33,009 2,969 603 323 11,610 5,938 81,167 3,612 8,928 148,159 (**) Other Assets includes receivables from financial services. Impairment losses Movements in the provision for trade receivables, contract assets, other assets and due from related parties are as follows: 31 December 2023 Contract Assets Other Assets Opening balance 12,104 1,090,853 Provision for impairment recognized during the year 4,942 1,194,467 Amounts collected - (291,843) Receivables written off during the year as uncollectible - (952,307) Assets held for sale (89,251) Effect of changes in exchange rates 72,226 Inflation adjustment (13,657) (418,920) Closing balance 3,389 605,225 31 December 2022 Contract Assets Other Assets Opening balance 16,893 1,725,936 Provision for impairment recognized during the year 2,123 1,006,101 Amounts collected - (383,034) Receivables written off during the year as uncollectible - (654,365) Effect of changes in exchange rates - 40,674 Inflation adjustment (6,912) (644,459) Closing balance 12,104 1,090,853 35. Impairment losses (continued) Movements in the provision for impairment of receivables from financial services are as follows: 31 December 31 December 2023 2022 Opening balance 148,159 249,272 Provision for impairment recognized during the year 161,574 169,873 Amounts collected (83,591) (113,112) Receivables transferred with receivables transfer contract (*) (6,755) (60,942) Inflation adjustment (72,435) (96,932) Closing balance 146,952 148,159 (*) Turkcell Finansman signed a transfer of claim agreement with a debt management company to transfer some of its doubtful receivables stemming from the years 2016 and 2022. Transferred doubtful receivables comprise of balances for which Turkcell Finansman initiated legal proceedings. Liquidity risk 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, 35. Liquidity risk (continued) 31 December 2023 31 December 2022 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 4,724,253 (6,237,895) (1,147,106) (436,679) (852,531) (2,356,083) (1,445,496) 5,168,709 (5,974,716) (1,015,215) (400,352) (783,620) (2,171,728) (1,603,801) Unsecured bank loans 45,064,412 (49,785,432) (13,743,381) (7,383,064) (11,507,099) (17,151,888) - 47,000,370 (51,443,715) (14,624,311) (8,071,932) (7,441,277) (18,517,855) (2,788,340) Debt securities issued 31,867,956 (37,314,608) (4,408,598) (818,467) (15,436,413) (16,651,130) - 31,534,111 (38,976,944) (2,824,636) (856,600) (1,713,198) (17,921,121) (15,661,389) Lease liabilities 2,427,588 (4,225,712) (669,746) (544,316) (693,147) (1,292,253) (1,026,250) 5,034,195 (8,545,826) (1,273,149) (960,925) (1,513,561) (2,403,083) (2,395,108) Trade and other payables (*) 13,785,953 (13,840,042) (12,622,496) - (990,527) - (227,019) 11,423,268 (11,918,822) (11,681,227) - - - (237,595) Due to related parties 590,785 (852,565) (814,228) - (38,337) - - 399,156 (551,742) (551,742) - - - - Consideration payable in relation to acquisition of BeST and Boyut Enerji (Note 27) 1,027,057 (2,958,394) - - - (302,210) (2,656,184) 1,098,399 (3,096,343) - - (15,370) (179,204) (2,901,769) Derivative financial liabilities Participating Cross Currency Swap and FX swap contracts 354,370 (180,189) 293,138 (54,216) (160,366) (258,745) - 248,682 575,387 111,291 103,870 157,201 203,595 (570) Buy - (24,379,548) (22,325,369) (191,680) (351,830) (1,510,669) - - (18,318,639) (17,168,992) (1,549,824) 192,527 222,079 (14,429) Sell - 24,199,359 22,618,507 137,464 191,464 1,251,924 - - 18,894,026 17,280,283 1,653,694 (35,326) (18,484) 13,859 TOTAL 99,842,374 (115,394,837) (33,112,417) (9,236,742) (29,692,994) (37,997,735) (5,354,949) 101,906,890 (119,932,721) (31,858,989) (10,185,939) (11,309,825) (40,989,396) (25,588,572) (*) Advances received, license fee accruals, taxes and withholding taxes payable are excluded from trade and other payables. 35. Foreign exchange risk The Group’s exposure to foreign exchange risk at the end of the reporting period, based on notional amounts, was as follows: 31 December 2023 USD EUR RMB Foreign currency denominated assets Other non-current assets 69 11 - Financial asset at fair value through other comprehensive income 156,278 75,622 - Due from related parties - current 1,059 - - Trade receivables and contract assets 11,566 15,857 - Other current assets 2,340 3,184 56 Cash and cash equivalents 534,318 639,362 257,156 705,630 734,036 257,212 Foreign currency denominated liabilities Loans and borrowings - non-current (234,458) (631,844) (473,134) Debt securities issued - non-current (911,923) - - Lease obligations - non-current (1,063) (9,425) - Other non-current liabilities (34,889) - - Loans and borrowings - current (85,119) (201,955) (75,635) Debt securities issued - current (53,853) - - Lease obligations - current (103) (3,097) - Other current liabilities (848) (2,160) - Trade and other payables - current (134,540) (87,414) (323,677) Due to related parties (5,870) - - (1,462,666) (935,895) (872,446) Financial liabilities defined as hedging instruments 10,097 329,890 - Exposure related to derivative instruments Participating cross currency swap and FX swap contracts 361,971 (325,000) 100,586 Currency forward contracts 601,360 10,000 - Net exposure 216,392 (186,969) (514,648) 35. Financial instruments (continued) Foreign exchange risk (continued) 31 December 2022 USD EUR RMB Foreign currency denominated assets Other non-current assets 69 11 - Financial asset at fair value through other comprehensive income 167,157 115,995 - Due from related parties - current 71 - - Trade receivables and contract assets 25,125 22,977 - Other current assets 14,580 6,455 9,057 Cash and cash equivalents 393,932 557,380 194,430 600,934 702,818 203,487 Foreign currency denominated liabilities Loans and borrowings - non-current (275,615) (565,765) (404,695) Debt securities issued - non-current (909,499) - - Lease obligations - non-current (1,210) (12,474) - Other non-current liabilities (35,476) - - Loans and borrowings - current (94,765) (180,091) (149,310) Debt securities issued - current (53,862) - - Lease obligations - current (3,076) (3,060) - Other current liabilities (886) (5,156) - Trade and other payables - current (109,401) (17,514) (369,627) (1,483,790) (784,060) (923,632) Financial liabilities defined as hedging instruments 13,763 302,482 - Exposure related to derivative instruments Participating cross currency swap and FX swap contracts 376,307 (355,000) 282,453 Currency forward contracts 539,263 (150) - Net exposure 46,477 (133,910) (437,692) 35. Financial instruments (continued) Exposure to currency risk Sensitivity analysis The basis for the sensitivity analysis to measure foreign exchange risk is an aggregate corporate-level currency exposure. The aggregate foreign exchange exposure is composed of all assets and liabilities denominated in foreign currencies; the analysis excludes net foreign currency investments. A 10% strengthening/weakening of the TL, UAH, BYN, EUR against the following currencies as at 31 December 2023 and 31 December 2022 would have increased/(decreased) profit or loss before by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant. 31 December 2023 Profit/(Loss) Equity Appreciation of Depreciation of Appreciation of Depreciation of Sensitivity analysis foreign currency foreign currency foreign currency foreign currency 1- USD net asset/liability 632,650 (632,650) - - 2- Hedged portion of USD risk (-) - - (29,724) 29,724 3- USD net effect (1+2) 632,650 (632,650) (29,724) 29,724 4- EUR net asset/liability (611,666) 611,666 - - 5- Hedged portion of EUR risk (-) - - (32,190) 32,190 6- EUR net effect (4+5) (611,666) 611,666 (32,190) 32,190 7- Other foreign currency net asset/liability (RMB) (212,097) 212,097 - - 8- Hedged portion of other foreign currency risk (-) (RMB) - - 1,477 (1,477) 9- Other foreign currency net effect (7+8) (212,097) 212,097 1,477 (1,477) Total (3+6+9) (191,113) 191,113 (60,437) 60,437 35. Financial instruments (continued) Exposure to currency risk (continued) Sensitivity analysis (continued) 31 December 2022 Profit/(Loss) Equity Appreciation of Depreciation of Appreciation of Depreciation of Sensitivity analysis foreign currency foreign currency foreign currency foreign currency 1- USD net asset/liability 143,194 (143,194) - - 2- Hedged portion of USD risk (-) - - (41,745) 41,745 3- USD net effect (1+2) 143,194 (143,194) (41,745) 41,745 4- EUR net asset/liability (439,858) 439,858 - - 5- Hedged portion of EUR risk (-) - - (42,380) 42,380 6- EUR net effect (4+5) (439,858) 439,858 (42,380) 42,380 7- Other foreign currency net asset/liability (RMB) (193,324) 193,324 - - 8- Hedged portion of other foreign currency risk (-) (RMB) - - 2,636 (2,636) 9- Other foreign currency net effect (7+8) (193,324) 193,324 2,636 (2,636) Total (3+6+9) (489,988) 489,988 (81,488) 81,488 Interest rate risk As at 31 December 2023 and 2022 the interest rate profile of the Group’s variable rate interest-bearing financial instruments are as follows: 31 December 2023 31 December 2022 Effective Effective Interest Carrying interest Carrying Note Rate Amount rate Amount Variable rate instruments USD floating rate loans 28 3.9 % (5,334,924) 3.2 % (7,637,455) EUR floating rate loans 28 2.1 % (25,815,920) 2.2 % (22,530,691) 35. Interest rate risk (continued) Sensitivity analysis Cash flow sensitivity analysis for variable rate instruments: An increase/decrease of interest rates by 100 basis points would have (decreased)/increased equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign exchange rates, remain constant. The analysis is performed on the same basis at 31 December 2023 and 2022: Profit or (loss) Equity 100 bps 100 bps 100 bps 100 bps increase decrease increase decrease 31 December 2023 Variable rate instruments (financial liability) (1,884,039) 1,884,039 - - Cash flow sensitivity (net) (1,884,039) 1,884,039 - - 31 December 2022 Variable rate instruments (financial liability) (519,385) 519,385 - - Cash flow sensitivity (net) (519,385) 519,385 - - Fair value As of 31 December 2023 and 2022, the Group’s does not have financial assets or financial liabilities that are measured at fair value using unobservable inputs within level 3. Changes in the consideration payable in relation to acquisition of BeST for the year ended 31 December 2022 stated below: 31 December 2022 Opening balance 2,052,399 Losses recognized in profit or loss (1,249,409) Inflation adjustment (802,990) Closing balance - 35. Financial assets: Carrying values of a significant portion of financial assets do not differ significantly from their fair values due to their short-term nature. Fair values of financial assets are presented in Note 24. Financial liabilities: As at 31 December 2023 and 31 December 2022; for the majority of the borrowings, the fair values are not materially different to their carrying amounts since the interest payable on those borrowings is either close to current market rates or the borrowings are of a short-term nature. The carrying amounts and fair values of non-current borrowings and current portion of non-current borrowings are as follows: Carrying Fair As at 31 December 2023: amount value Bank loans 6,407,576 6,259,574 Debt securities 28,430,710 27,828,939 Carrying Fair As at 31 December 2022: amount value Bank loans 7,790,192 7,329,462 Debt securities 29,680,889 27,307,857 Fair value of cash and cash equivalents and debt securities issued are classified as level 1 and fair value of other financial assets and liabilities are classified as level 2. |
Guarantees and purchase obligat
Guarantees and purchase obligations | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Guarantees and purchase obligations | 36. At 31 December 2023, outstanding purchase commitments with respect to property, plant and equipment, inventory, advertising and sponsorship amount to TL 5,059,847 (31 December 2022: TL 6,471,418). Payments for these commitments will be made within 4 years. The Group is contingently liable in respect of letters of guarantee obtained from banks and given to public institutions and private entities, and financial guarantees provided to subsidiaries amounting to TL 17,891,113 at 31 December 2023 (31 December 2022: TL 16,187,804). BeST has an investment commitment that covers the years 2022-2032 with a total investment amount of not less than USD 100,000 equivalent to TL 2,943,820 as of 31 December 2023, in accordance with the agreement which is signed between the Republic of Belarus, BeST and the Company on 30 November 2022. As of 31 December 2023, the remaining investment commitment is amounting to USD 93,376 (TL equivalent of 2,748,824). The Company has no resale commitment regarding to reverse repo receivables as of 31 December 2023 (31 December 2022: 6,103,453). |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Commitments and Contingencies | 37. The amounts related to the investigations and lawsuits shared below are disclosed at their nominal values as of December 31, 2023. Disputes on Special Communication Tax Restructuring Act Compensation Lawsuit regarding the SCT for the term 2011 The Large Taxpayers Office levied Special Communication Tax (SCT) and tax penalty on the Company for the term 2011. The Company filed application for restructuring the tax assessment as per Law no. 6736, but the application was rejected. The Company filed a lawsuit for the cancellation of aforementioned rejection act, and the case was finalized in favor of the Company. Afterwards, the Company, filed a lawsuit for the collection of TL 47,405 principal and TL 36,000 damage accrued with a deferment interest. The Court decided to return TL 47,269 principal receivable together with the deferred interest to be calculated as of the collection date. Regional Administrative Court rejected the appeal requests. The lawsuit is ongoing in the appeal stage. Disputes regarding the Law on the Protection of Competition The Competition Board decided to apply administrative fine on the Company amounting to TL 91,942, on the ground that the Company violated Article 6 of Law No. 4054, but not violated Article 4, due to its actions in the distribution network. The Company filed a lawsuit for the cancellation of the Board decision regarding the parts against itself and the case which was investigated by the first instance court and the appeal was finalized against it. The Company made an individual application to the Constitutional Court, against the respective decision within due time. The Constitutional Court process is pending. Also, the Large Taxpayers Office issued a payment order regarding the aforementioned administrative fine. The Company filed a lawsuit for the cancellation of the payment order but that case also was finalized against the Company. TL 47,780 part of the administrative fine amounting to 91,942 TL has been deducted from the receivables that the Company has earned due to application for restructuring the 2011 SCT assessment within the scope of Law No. 6736 in 2021. The remaining TL 44,162 part of the administrative fine was paid in April 2022 and all these payments are charged to expense during prior years. 37. Commitments and Contingencies (continued) Disputes regarding the Law on the Protection of Competition (continued) On the other hand, three private companies filed a lawsuit against the Company in relation with this case claiming in total of TL 112,084 together with up to three times of the loss amount to be determined by the court for its material damages by reserving its rights for surpluses allegedly. Among these cases, in the case filed for the compensation of total TL 110,484 material damages together with compensation amounting to three times of the damage and interest, the first instance court decided to reject the case in favor of the Company. The Regional Court of Justice decided to revoke the decision of the first instance court, stating that a new decision should be made after the procedural actions within the scope of the file were re-executed and the expert report was received. After the annulment decision, the court partially accepted the case and ruled reimbursement of TL 215,555 (three times of the actual damage of TL 71,851). As a result of the appeal, which made by the both parties, examination made by the Regional Court of Appeal, the Company’s appeal request was accepted and the decision of the first instance court was revoked. The file was returned to the first instance court for a re-decision within the scope of the removal decision. In line with the objections of the parties, the court decided to obtain an additional expert report from the same expert committee in the file. The expert additional report has been submitted to the file. The company objected to the both reports in due time. Case is pending. Among these cases, in the case filed for the compensation of total TL 500 material damages together with compensation amounting to three times of the damage and interest, the expert report has been submitted to its file, and the court decided to obtain an expert report from a new expert committee in accordance with both parties objections, The expert review is still ongoing. The other case is also pending. On the other hand, a lawsuit was filed by a third party, for the cancellation of the part of the aforementioned Competition Board decision, regarding the rejection of the claims that the Company did not violated Article 4 of the Law. The Council of State cancelled this part of the aforementioned Competition Board decision. Thereafter Competition Board launched a new investigation and as a result of it the Competition Board decided to apply additional administrative fine amounting to TL 91,942 on the Company for 2019. Afterwards, The Competition Authority accepted some of the objections of the Company and reduced the administrative fine to TL 61,294 with its decision. The aforementioned fine amounting to TL 61,294 was paid (and charged to expense) with a discount, at the amount of TL 45,971. Then, a lawsuit was filed on for cancellation of the aforementioned administrative fine. A decision was made against the Company at the first instance and appeal stages. The appeal process is pending. Disputes regarding the Law on the Protection of Competition – Investigation on gentleman’s agreements for the labour market On 7 May 2023, the Company received the Investigation Report concerning an inquiry by the Competition Authority to determine if there has been a breach of Article 4 of Law No. 4054 on the Protection of Competition, regarding any gentlemen’s agreements for the labor market. The report, which includes the viewpoints and findings of the Investigation Panel is non-binding and doesn’t predetermine the Competition Board’s final decision. The Company has already submitted its second written pleas addressing the findings noted in the Investigation Report to the Authority. Subsequently, a verbal defense meeting was held on 13 February 2024. The short decision was notified and the Competition Board decided to impose an administrative fine of TL 57,301 The Company’s payment obligation will arise after the reasoned decision of the Competition Board is written and notified to the Company. 37. Commitments and Contingencies (continued) ICTA Investigation Regarding the R&D Obligations The ICTA has initiated various investigations and may initiate new investigations to examine whether the obligations arising from the relevant legislation regarding the procurement of a certain portion of the investments related to the electronic communication network and communication services from suppliers with R&D centers in Turkey, a certain portion from products manufactured in Turkey by SMEs established to develop products/systems in Turkey, and a certain portion from products determined to be domestic goods certified are fulfilled. As a result of the first investigations on the subject, ICTA decided to impose a total administrative fine of 49,170 TL for the 2013-2016/2016-2017 reporting periods. The aforementioned administrative fines were paid in 2021 with a discount of TL 36,877 (1/4) by taking advantage of the early payment discount, but several lawsuits were filed for the cancellation of the fines. All of the lawsuits were finalized against the Company at the first instance court, but the Company appealed within the time limit. For the following period between 27 October 2017-26 October 2018, the ICTA initiated an investigation to examine whether the obligations regarding R&D, SME and/or domestic goods investments, R&D Center, R&D Projects and SMEs were fulfilled and as a result of this investigation, the ICTA decided to impose a total administrative fine of TL 46,317 on the Company. The decision was notified to the Company and the administrative fine was paid in due time (31 January 2024) as TL 34,738 (with 1/4 discount) by taking advantage of the early payment discount. In addition, an application has been made to the ICTA for the revocation of the decision. In addition, ICTA initiated an investigation on The Company for the periods 27 October 2019-26 October 2020 (5th Period) and 27 October 2020-26 October 2021 (6th Period) in order to examine whether the obligations regarding R&D, SME and/or domestic goods investment obligations and criteria for SMEs in the 3G Concession Agreement and 4.5G Authorisation Certificate have been fulfilled. The ICTA also decided to conduct the said inspection by merging it with the inspection previously initiated for 27 October 2018-26 October 2019 (4th Period). The information and documents requested within the scope of the investigation were submitted to the ICTA. Subsequently, penalty evaluations were made in the Investigation Report prepared by the Supervisory Board. Our written defenses regarding the Investigation Report were submitted to the ICTA on 19 January 2023. Within the scope of the investigation, a verbal defense meeting was held on 13 June 2023. ICTA - Investigation on 3G and 4.5G Service Quality Obligations ICTA initiated an investigation to examine whether the 2018 Q4 – 2019 Q3 term notifications meet the criteria and target values defined in the service quality legislation and whether or not obligations about the service quality criteria which is set in the IMT Certificate of Authority have been fulfilled. As a result of the investigation ICTA has decided to impose an administrative fine of TL 3,622 to the Company. The administrative fine notified to the Company on 20 January 2022 and was paid on 17 March 2022 as TL 2,716 with taking on the account the early payment discount (1/4). After notification of the Board Decision to the Company, the Company applied to ICTA with the demand of withdraw of the Board Decision. The application of the Company was tacitly rejected by ICTA. The Company filed five separate lawsuits in total for the cancellation of the related transactions and administrative fines. The cases are pending. The investigation process of a similar issue regarding Turkcell is currently ongoing. 37. Commitments and Contingencies (continued) ICTA – Inspection on Service Quality (2020 Q2) ICTA initiated an investigation due to exceeding the target value determined for “Call Failure Rate” and “Call Blocking Rate” criteria. As a result of the investigation ICTA has decided to impose an administrative fine of TL 568 to the Company. The administrative fine notified to the Company on 20 January 2022 and was paid on 17 March 2022 as TL 426 with taking on the account the early payment discount (1/4). After notification of the Board Decision to the Company, the Company applied to ICTA with the demand of withdraw of the Board Decision. The application of the Company was tacitly rejected by ICTA. The Company filed a lawsuit for the cancellation of the related transaction and administrative fine. The Court rejected the case. The Company appealed the decision before Regional Administrative Court in due time. The Regional Administrative Court rejected the appeal request. The Company appealed the decision in due time. The appeal process is pending. The investigation processes of Turkcell 3N Mobile Service Quality (3rd and 4th Term of 2020) and 3N Mobile Service Quality (1st and 3rd Term of 2021) which are similar to this investigation is currently ongoing. Refunds Investigation As a result of the investigation initiated to examine the compliance of the activities carried out within the scope of the Board Decisions dated 01 March 2018 and numbered 2018/DK-THD/58(Board Decision on Refunds to Subscribers), dated 12 April 2018 and numbered 2018/DK-THD/116(Refund/Use of Remaining Amount on Prepaid Lines) and dated 16 April 2018 and numbered 2018/DK-THD/123(Transferring Non-refundable Amounts on Prepaid Lines as Universal Service Contribution), (i) The ICTA has decided that the unpaid TL 412 will be transferred to the Ministry, along with the late fee from April 14, 2020 and inform the ICTA about this transfer. (ii) The ICTA has decided to transfer the TL 161 that could not be refunded to subscribers regarding the period between 27 April 2017-31 May 2018, which were not fully paid to the Ministry. The ICTA has also decided to transfer the refund amounts related to the period between 1 April 2010-27 April 2017 -along with the late fee from July 28, 2020- and to inform the ICTA about this matter. (iii) The ICTA has decided to impose an administrative fine of TL 5,680 in total. The fine, which was notified to the Company on 2 January 2023, was paid as TL 4,260 (1/4 discounted) on 31 January 2023 by taking advantage of the early payment discount. Additionally, an application (İYUK 11) was made to the ICTA with request for re-evalutaion and revocation of the decison and tacitly rejected by not responding in due time by ICTA. The Company filed two separate lawsuits for the cancellation of the related transaction and administrative fine. The cases are pending. On the other hand, the amount stated to have been underpaid in the Board Decision was deposited to the Ministry’s account with reservation on 18 May 2023 with a total amount of 98,333 TL together with default interest and the ICTA was informed about the payment. The investigation processes of the Turkcell and Superonline Refunds Investigations and Turkcell Refund Investigation Regarding Prepaid Lines which are similar to this investigation is currently ongoing. 37. Commitments and Contingencies (continued) Sub-Agency/Dealership Investigation As a result of examinations carried out by the ICTA due to large number of complaints from consumers who were victimized by being called illegally, the ICTA started an investigation to determine whether sub-dealers were used. As a result of the investigation, the ICTA decided to impose a TL 834 administrative fine on the Company. Additionally, an application (IYUK 11) was made to the ICTA with request for re-evaluation and revocation of the decision and tacitly rejected by not responding in due time by ICTA. The Company filed a lawsuit for the cancellation of the related transaction and administrative fine. The Court rejected the case. The Company appealed the decision before Regional Administrative Court in due time. The Regional Administrative Court rejected the appeal request. The Company will appeal the decision in due time. Fizy Service Investigation The ICTA initiated an investigation to examine the «Fizy» Service, in the scope of service delivery, the information given to the consumers, the purchasing methods and the complaints selected as examples. As a result of the investigation; (i) the ICTA has decided to impose an administrative fine of TL 1,682 on the Company, (ii) the ICTA has decided to give a warning to the Company due to the implementation of the double opt-out method in the cancellation process of consumers, (iii) the ICTA has also decided that the additional amounts reflected to subscribers due to the aforementioned violations will be refunded to consumers within the framework of the relevant legislation. The fine, which was notified to the Company on 26 January 2023, paid as TL 1,262 (1/4 discounted) on 24 February 2023 by taking advantage of the early payment discount. Additionally, an application (IYUK 11) has been made to the ICTA with request for re-evaluation and revocation of the decision. In addition, the amount to be refunded under the aforementioned Board Decision is calculated as TL 3,036 and refund transactions were completed. Investigation Regarding the Subscription Agreements (Anonymous Lines) The ICTA initiated an investigation to examine whether the obligations regarding the establishment and implementation of subscription agreements and open lines were fulfilled and as a result of this investigation, the ICTA decided to impose an administrative fine of TL 99,132 on the Company. The decision was notified to the Company and the administrative fine was paid in due time (31 January 2024) as TL 74,349 (with 1/4 discount) by taking advantage of the early payment discount. In addition, an application has been made to the ICTA for the revocation of the decision. In regard to Turkcell; although the legislative provisions of the same nature regarding subscription agreements are not examined, the examination process of open lines, subscription agreements and number portability investigation, in which the establishment of the subscription agreement is also examined, is currently ongoing. The examination process of a similar investigation about Superonline subscription agreements is also ongoing. Investigation on Value Added Services The ICTA initiated an investigation to examine whether the obligations imposed by the Board Decision No. 2016/DK-THD/496 and the “Procedures and Principles Regarding the Protection of Consumer Rights in the Execution of Value Added Electronic Communication Services” have been fulfilled. As a result of this investigation, the Company was imposed an administrative fine amounting to TL 9,476 and it was decided to refund the overcharges collected from the subscribers after 30 June 2017, the effective date of the Procedures and Principles Regarding Value Added Service, to the subscribers within the framework of the relevant legislation and the Procedures and Principles to be Applied in within the framework of the relevant legislation and the Procedures and Principles to be Applied in Refunds to Subscribers approved by the Board Decision No. 2018/DK-THD/57. The decision was notified to the Company and the administrative fine was paid in due time (31 January 2024) as TL 7,107 (with 1/4 discount) by taking advantage of the early payment discount. 37. Commitments and Contingencies (continued) Investigation on Value Added Services (continued) In addition, an application was made to the ICTA for the revocation of the decision and the correction of the mistake in the refund paragraph. As a result of the application, the ICTA has corrected the mistake in the decision and notified that the said refunds must be made to the subscribers within the framework of the Procedures and Principles to be Applied in Refunds to Subscribers approved by the Board Decision No. 2018/DK-THD/57. The relevant teams are calculating the amount to be refunded within the scope of the Board Decision. Investigation on Number Portability The ICTA initiated an investigation to examine whether the obligations under the Number Portability Regulation were fulfilled after February 2018 and as a result of this audit the ICTA decided to impose an administrative fine of TL 894 on the Company. The decision was notified to the Company and the administrative fine was paid in due time (31 January 2024) as TL 670 (with 1/4 discount) by taking advantage of the early payment discount. Inspection on SimCard Change The ICTA initiated an investigation to examine whether the obligations imposed by the Board Decision No. 445 were fulfilled or not, as it was also the subject of a file of Gaziosmanpaşa Chief Public Prosecutor’s Office, and as a result of this investigation, the ICTA decided to impose a total administrative fine of TL 375 on the Company. The decision was notified to the Company and the administrative fine was paid in due time (31 January 2024) as TL 281 (with 1/4 discount) by taking advantage of the early payment discount. ICTA – Facility Sharing Investigation Within the scope of the investigation initiated by the ICTA on Superonline in order to examine the compliance of the works and transactions carried out in the processes from the submission to the finalisation of the facility sharing request starting from the January 2020 period with the relevant legislation, some penalty assessments were included in the Investigation Report prepared by the Supervisory Board. The written defenses regarding the Investigation Report were submitted to the ICTA on 2 June 2023. ICTA – Investigation of Committed Subscriptions Within the scope of the investigation initiated by the ICTA on The Company in order to examine whether the obligations stipulated in the Regulation on Consumer Rights in the Electronic Communications Sector and other relevant legislation regarding committed subscriptions have been fulfilled or not, the Investigation Report prepared by the Supervisory Board has been notified. It is assessed that administrative fines may be imposed for 9 different violations and for 6 of these determinations, all amounts unfairly collected from the subscribers should be refunded to the subscribers within the scope of the relevant legislation. The written defenses regarding the Investigation Report were submitted to the ICTA on 22 January 2024. ICTA – Investigation on Idendity Verification Regulation Within the scope of the investigations initiated by the ICTA separately for Turkcell and Superonline due to the fact that the subscription process applied by The Companies for the purpose of verifying the identity of the applicant for the types of transactions in the electronic communications sector within the scope of the Identity Verification Regulation (IVR) is not in compliance with the procedures in the IVR 37. Commitments and Contingencies (continued) ICTA – Investigation on Idendity Verification Regulation (continued) It was assessed that an administrative fine of 12% could be imposed on Turkcell and Superonline within the scope of four separate violations within the scope of the relevant legislation due to the violation of the face-to-face identification verification provisions and the recording of some biometric data such during the tablet signature process in violation of the Identity Verification Regulation. On the other hand, the ICTA has also stated that may be take necessary measures for the scope of provision “...national security, public order or the proper execution of public service and the implementation of the provisions introduced by laws, to take over the facilities in return for compensation, when necessary, to cancel the authorisation granted in case of non-payment of the authorisation fee within the specified period or in case of gross negligence.”. The Company’s written defenses were submitted to the ICTA on 11 March 2024. Other ongoing lawsuits and tax investigations Probability of an outflow of resources embodying economic benefits for 2018 and 2019 fiscal years with regards to notification of Information and Communication Technologies Authority for radio fee related to 2018 fiscal year was considered by the Company management. In this respect, TL 128,429 was paid in November 2019 by reserving the right to take legal actions and legal actions were taken for 2018 fiscal year. The Court rejected the cases. The Company appealed the decisions before the Regional Administrative Court. The Regional Administrative Court rejected the appeal request. The Company appealed the decision in due time. The appeal process is pending. On the other hand, additional TL 13,465 for December 2018 was paid with reservation on 29 January 2021 with regards to notification of Information and Communication Technologies Authority for the same reason. On the other hand, mobile payment services provided by Turkcell Ödeme were investigated within the scope of the Law No. 6493 and secondary legislation issued pursuant to this Law. As a result of the investigation, an administrative fine was imposed on Turkcell Ödeme in the amount of TL 18,763. Turkcell Ödeme filed a lawsuit for the cancellation of the aforementioned administrative fine. The hearing was held on 30 December 2020 in this case. The Court decided to accept the case in favor of the Company and cancelled the administrative fine subject to the case. The defendant appealed the decision before the Regional Administrative Court. The Company replied this appeal request in due time. As a result of the appeal examination made by the Regional Court of Appeal, the defendant’s appeal request was accepted and the decision of the first instance court was revoked. Within the scope of the Law No. 7440 on the Restructuring Some Receivables and Amending Some Laws, a restructuring application has been filed for the administrative fine which is the subject of the lawsuit. The administrative fine restructured by paying TL 1,443 on 31 July 2023. The court decided there is no need to make a decision regarding the essence of the case, due to waiving the case according to the Law No. 7440. While this case was ongoing, the Tax Office sent a payment order for collection of the aforementioned administrative fine. Turkcell Ödeme filed a lawsuit for the cancellation of the payment order. The Court accepted the case and cancelled the payment order. Tax office appealed the decision before the Regional Administrative Court. The Company replied this appeal request in due time. The Regional Administrative Court, rejected the appeal request of the Tax Office in favor of the Company. The defendant appealed the decision before the Council of State. The Company replied this request in due time. The Council of State rejected the appeal request of the Tax Office. General note for ongoing investigations and lawsuits Based on the management opinion, an outflow of resources embodying economic benefits is deemed as probable on some of the aforementioned lawsuits and investigations, thus, TL 379,519 of provision is recognized at the consolidated financial statements as of 31 December 2023, and such expenses are recognized within other expense account (31 December 2022: TL 4,629). The actual results of ongoing investigations, inquiries and lawsuits may differ from the Group’s assessments. |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Related parties | 38 . Transactions with key management personnel Key management personnel comprise the Group’s members of the Board of Directors and chief officers. There are no loans to key management personnel as of 31 December 2023 and 2022. The Group provides additional benefits to key management personnel and contributions to retirement plans based on a pre-determined ratio of compensation. 31 December 31 December 31 December 2023 2022 2021 Short-term benefits 366,645 304,752 297,725 Long-term benefits 2,444 3,044 3,587 Termination benefits 683 1,579 618 Share based payments 29,157 - 1,380 398,929 309,375 303,310 38. Related parties (continued) Transactions with key management personnel (continued) The following transactions occurred with related parties: 31 December 31 December 31 December Revenue from related parties 2023 2022 2021 Türk Telekom Mobil Iletisim Hizmetleri A.S. (“TT Mobil”) (*) 1,080,225 1,110,129 - Enerji Piyasaları İşletme A.S. (“EPIAS”)(*) 262,000 281,356 671,196 Türk Hava Yolları A.S. (“THY”) (*) 300,165 286,856 241,830 Ziraat Bankası A.S. (“Ziraat Bankası”) (*) 739,025 118,586 159,661 “Türkiye Sigorta A.Ş. (“Türkiye Sigorta”)(*)” 353,563 2,012 - Gunes Express Havacilik A.S. (“Sun Express”) (*) 155,838 107,737 54,698 Turk Telekomunikasyon A.S. (“TT”)(*) 118,851 93,051 - Turksat Uydu Haberlesme Kablo TV ve Isletme A.S.(“Turksat”)(*) 78,572 86,912 130,338 TOGG 15,601 95,780 17,744 TVF IFM Gayrimenkul Insaat ve Yonetim A.S. (*) 81,712 72,200 4,323 Turkiye Vakiflar Bankası TAO (“Vakifbank”)(*) 73,304 50,489 48,814 Turkiye Halk Bankası A.S. (“Halkbank”) (*) 25,854 27,727 27,164 Turkiye Hayat ve Emeklilik A.S.(*) 30,753 24,749 35,538 Ziraat Katilim Bankasi A.S. (“Ziraat Katilim”)(*) 74,207 14,780 10,678 BIST (*) 16,810 8,827 39,120 Sofra 3,686 2,909 3,362 Other 29,646 36,094 54,296 3,439,842 2,420,194 1,498,762 31 December 31 December 31 December Related party expenses 2023 2022 2021 EPIAS (*) 793,195 2,929,475 2,736,860 Turk Telekomunikasyon A.S (*) 1,403,490 1,227,920 - TT Mobil (*) 1,151,042 1,039,068 - Istanbul Takas ve Saklama Bankasi A.S. (“Takasbank”) (*) 380,642 145,639 149 Turksat (*) 71,543 140,313 190,541 Sofra 132,510 78,650 96,300 Boru Hatlari ile Petrol Tasima A.S. (“BOTAS”) (*) 58,145 66,671 63,241 PTT (*) 71,978 41,221 46,921 Others 262,140 96,487 60,054 4,324,685 5,765,444 3,194,066 (*) Related parties, which TVF directly and / or indirectly has control or joint control or significant influence. TVF becomes the largest shareholder of Turk Telekom with 61.68% of the shares as of 31 March 2022. Therefore, companies of Turk Telekom have been reported as related party as of 31 March 2022. Transactions between the Group and Turk Telekom are related with telecommunication services. 38. Related parties (continued) Transactions with key management personnel (continued) Details of the financial assets and liabilities with related parties as of 31 December 2023 and 2022 are as follows: 31 December 31 December 2023 2022 Banks - Time deposits (*) 31,369,567 23,362,376 Banks - Demand deposits (*) 720,613 385,761 Currency protected time deposit (**) 6,173,875 2,240,337 Receivables from reverse repo (*) - 6,103,453 Bank borrowings (7,064,169) (6,789,667) Debt securities issued (956,914) (589,058) Lease liabilities (146,028) (206,594) Impairment loss provision (31,883) (34,559) 30,065,061 24,472,049 (*) Related balances are included in cash and cash equivalents. (**) The Group has converted its currency deposit account in Vakifbank amounting to USD 102,941 and EUR 85,000 into currency protected TL time deposit accounts (Note 24). As of 31 December 2023, the amounts of letters of guarantee given to the related parties is TL 333,604 (31 December 2022:TL 226,195). Details of the time deposits at related parties as of 31 December 2023 and 2022 are as follows: 31 December 31 December 2023 2022 Halkbank 11,341,528 8,470,287 Vakifbank 8,674,948 9,471,793 Ziraat Bankasi 8,080,071 3,301,326 Ziraat Katilim Bankasi A.S. 3,273,020 2,118,970 31,369,567 23,362,376 Details of the time deposits at related parties Amount in Original 31 December Currency Currency Effective Interest Rate Maturity 2023 342,372 USD 4.4% January - February 2024 10,090,875 455,757 EUR 3.7% January - February 2024 14,879,110 6,376,563 TL 40.7% January 2024 6,399,582 31,369,567 Amount in Original 31 December Currency Currency Effective Interest Rate Maturity 2022 187,624 USD 3.0% January 2023 5,783,661 395,430 EUR 2.7% January 2023 12,997,715 2,774,821 TL 23.9% January 2023 4,578,950 55 GBP 0.1% January 2023 2,050 23,362,376 38. Related parties (continued) Transactions with key management personnel (continued) Details of the bank borrowings at related parties 31 December Principle Amount Currency Effective Interest Rate Maturity 2023 4,673,500 TL 12.2% - 54.4% February - October 2024 4,964,669 1,349,880 TL 41.7% - 42.3% January 2024 1,356,571 553,450 TL 18.8% - 55.2% January - 555,411 104,860 TL 34.8% February 2024 110,239 72,206 TL 28.8% - 49.8% August 2024 – April 2025 77,279 7,064,169 31 December Principle Amount Currency Effective Interest Rate Maturity 2022 (*) 1,822,550 TL 13.5% - 19.0% January - October 2023 3,221,200 971,074 TL 12.4% - 17.2% February 2023 1,608,999 815,386 TL 13.4% - 24.0% February - December 2023 1,351,622 241,247 CNY 3.8% February 2023 397,510 89,900 TL 13.9% - 16.4% May - June 2023 149,670 35,000 TL 14.8% August 2023 60,666 6,789,667 (*) Bank borrowings from related parties reported in 2022 have been revised to correct undisclosed related party bank balances amounting to TL 2,190,434, which is considered immaterial for the financial statements. The revision had no impact on the consolidated statement of financial position, consolidated statements of profit or loss, consolidated statements of other comprehensive income, consolidated statement of cash flows and consolidated statement of changes in equity. Details of the debt securities issued at related parties Principle 31 December Amount Currency Effective Interest Rate Maturity 2023 900,000 TL 39.0% - 44.5% January – March 2024 956,914 956,914 Principle 31 December Amount Currency Effective Interest Rate Maturity 2022 200,000 TL 20.8% March 2023 332,850 150,000 TL 20.3% February 2023 256,208 589,058 38. Related parties (continued) Details of the lease liabilities at related parties 31 December Currency Effective Interest Rate Payment Period 2023 EUR 0.3% - 3.7% 2023 - 2025 61,252 TL 12.5% - 55.25% 2023 - 2036 84,776 146,028 31 December Currency Effective Interest Rate Payment Period 2022 EUR 0.2% - 5.1% 2022 - 2024 121,952 TL 11.7% - 44.5% 2022 - 2036 84,642 206,594 Interest income from related parties: 31 December 31 December 31 December 2023 2022 2021 Vakifbank 2,133,828 826,154 329,828 Ziraat Bankasi 336,470 350,073 304,760 Halkbank 490,640 310,027 521,864 Ziraat Katilim 141,612 59,725 1,112 Other 290 82 6,909 3,102,840 1,546,061 1,164,473 Interest expense to related parties: 31 December 31 December 31 December 2023 2022 2021 Vakifbank 644,316 513,716 55,342 Ziraat Bankasi 160,954 111,093 16,439 Halk Varlık Kiralama A.S. (“Halk Varlık Kiralama”) 266,383 99,502 12,408 Halkbank 14,390 3,835 - Ziraat Katilim 5,699 885 102 Other 3,264 959 358 1,095,006 729,990 84,649 Revenue from related parties is generally related to telecommunication, call center and other miscellaneous services. Transactions between the Group and EPIAS are related to the energy services; transactions between the Group and Sofra are related to meal coupon services; transactions between the Group and BOTAS are related to infrastructure services; transactions between the Group and Halkbank, Ziraat Bankasi and Vakifbank are related to banking services; transactions between the Group and PTT are related to cargo transportation; transactions between the Group and Turksat are related to telecommunication services and transactions between the Group and BIST are related to stock market services. Receivables from related parties are not collateralized. |
Subsidiaries
Subsidiaries | 12 Months Ended |
Dec. 31, 2023 | |
Subsidiaries | |
Subsidiaries | 39. The Group’s ultimate parent company is TVF, while subsidiaries, associates and a joint venture of the Company as at 31 December 2023 and 31 December 2022 are as follows: Effective Ownership Interest Subsidiaries Country of 31 December 31 December Name Incorporation Business 2023 (%) 2022 (%) Turktell Turkiye Information technology, value added GSM services and entertainment investments 100 100 Turkcell Superonline Turkiye Telecommunications, television services and content services 100 100 Turkcell Dijital Turkiye Digitalization services and products 100 100 Dijital Egitim Turkiye Dijital educations 51 51 Turkcell Satis Turkiye Sales, delivery and digital sales services 100 100 Turkcell Teknoloji Turkiye Research and development 100 100 Turkcell Gayrimenkul Turkiye Property investments 100 100 Turkcell Enerji Turkiye Electricity energy trade and wholesale and retail electricity sales 100 100 Boyut Enerji Turkiye Electricity energy trade and wholesale and retail electricity sales 100 100 Turkcell Finansman Turkiye Consumer financing services 100 100 Turkcell Sigorta Turkiye Insurance agency activities 100 100 Turkcell Dijital Sigorta Turkiye Dijital agency activities 100 100 Turkcell Odeme Turkiye Payment services and e-money license 100 100 Lifecell Dijital Servisler Turkiye Development and providing of digital services and products 100 100 Lifecell Bulut Turkiye Cloud solutions services 100 100 Lifecell TV Turkiye Online radio, television and on-demand streaming services 100 100 Lifecell Muzik Turkiye Radio, television and on-demand streaming services 100 100 Global Tower Turkiye Telecommunications infrastructure business 100 100 Atmosware Teknoloji Turkiye Develop software products and services, training software developers 100 100 UkrTower Ukraine Telecommunications infrastructure business 100 100 Beltower Republic of Belarus Telecommunications infrastructure business 100 100 Eastasia Netherlands Telecommunications investments 100 100 Kibris Telekom Turkish Republic of Northern Cyprus Telecommunications 100 100 Lifecell Digital Turkish Republic of Northern Cyprus Telecommunications 100 100 Turkcell Dijital Technologies Turkish Republic of Northern Cyprus Electronic payment services 100 100 Turkcell Global Bilgi Turkiye Customer relations and human resources management 100 100 Global LLC Ukraine Customer relations management 100 100 Rehberlik Turkiye Directory assistance 100 100 Lifecell Ventures Netherlands Telecommunications investments 100 100 lifecell Ukraine Telecommunications 100 100 Paycell LLC Ukraine Consumer financing services 100 100 Paycell Europe Germany Payment services and e-money 100 100 Yaani Netherlands Internet search engine and browser services 100 100 BiP B.V. Netherlands Providing digital services and products 100 100 BiP A.S. Turkiye Providing digital services and products 100 100 Beltel Turkiye Telecommunications investments — 100 BeST Republic of Belarus Telecommunications 100 100 Turkcell GSYF Turkiye Venture capital investment fund 100 100 W3 Turkiye Information technology 100 100 Ultia (*) Turkiye Information technology 100 100 Lifetech Republic of Belarus Information technology, programming and technical support 100 100 (*) All kinds of intellectual property rights, including but not limited to, all software, domain names, brands and patents of Turkcell Teknoloji Ultia Platform, which is a 100% subsidiary of the Group, has been transferred to Ultia, a technology-oriented company established by Turkcell GSYF. 39. Subsidiaries (continued) Effective Ownership Interest Associates Country of 31 December 31 December Name Incorporation Business 2023 (%) 2022 (%) TOGG Turkiye Electric passenger car development, production and trading activities 23 23 Effective Ownership Interest Joint Venture Country of 31 December 31 December Name Incorporation Business 2023 (%) 2022 (%) Sofra (*) Turkiye Meal coupons and cards 66 33 (*) As per the decision of The Company’s Board of Directors dated April 13, 2023; it has been decided on the acquisition of the 33.3% share of Sofra Kurumsal ve Ödüllendirme Hizmetleri A.Ş. (“Sofra”) by The Company’s 100% owned subsidiary Turkcell Ödeme ve Elektronik Para Hizmetleri A.Ş. (“TÖHAŞ”), which has 33.3% shareholding in it, from Belbim Elektronik Para ve Ödeme Hizmetleri A.Ş., one of the other shareholders of Sofra, for TL 762,690, by exercising its pre-emption right pursuant to the existing Shareholders Agreement. |
Investments accounted for using
Investments accounted for using the equity method | 12 Months Ended |
Dec. 31, 2023 | |
Investments accounted for using the equity method | |
Investments accounted for using the equity method | 40. Investments accounted for using the equity method The details of carrying values of investments accounted for using the equity method are as follows: 31 December 31 December a) Joint Ventures 2023 2022 Sofra 12,347 30,018 31 December 31 December b) Associates 2023 2022 TOGG 5,857,271 3,771,069 The Group have capital commitment to TOGG amounting to EUR 115 million. As of 31 December 2023, the amount of EUR 114.5 million has been paid. The movement of investments accounted for using the equity method is as follows: 31 December 31 December 2023 2022 Opening balance 3,801,087 2,264,587 Shares of profit 1,525,175 522,221 Contribution to capital increase 543,356 1,014,279 Closing balance 5,869,618 3,801,087 |
Discontinued operations
Discontinued operations | 12 Months Ended |
Dec. 31, 2023 | |
Discontinued operations | |
Discontinued operations | 41. As per the Group’s Board of Directors’ decision dated December 20, 2023; a share transfer agreement was signed on 29 December 2023 for the transfer of all shares, along with all rights and debts, of Lifecell LLC, Global LLC, and Ukrtower, which are the Group’s wholly owned subsidiaries. The sale is expected to be completed within a year from the reporting date. As of 31 December 2023, Lifecell, UkrTower and Global LLC have been classified as a disposal group held for sale and as a discontinued operation. Disposal group was previously included within Turkcell International segment group. The statement of profit or loss of a disposal group for the year are presented below: 31 December 2023 31 December 2022 31 December 2021 Revenue 7,737,020 7,921,451 7,665,767 Cost of revenue (4,763,836) (5,670,807) (5,436,914) Gross profit 2,973,184 2,250,644 2,228,853 Selling and marketing expenses (443,848) (444,724) (509,207) Administrative expenses (254,215) (258,865) (258,037) Other operating income/(expense), net 192,786 152,396 (4,907) Operating profit 2,467,907 1,498,620 1,456,702 Net finance costs / income (206,260) (733,388) (695,285) Profit before income tax 2,261,647 966,063 761,417 Tax benefit /(expense) (291,973) (123,693) (42,690) Profit/(loss) for the year from discontinued operations 1,969,674 842,370 718,727 41. The major classes of assets and liabilities of the disposal group classified as held for sale as at 31 December are, as follows: 31 December 2023 Assets Property, plant and equipment (Note 12) 5,797,891 Right-of-use assets (Note 16) 1,327,438 Intangible assets (Note 13) 3,299,805 Trade receivables 269,898 Deferred tax assets (Note 18) 1,315,876 Inventories 53,042 Other non current asset 151,771 Financial assets at amortized cost 736,174 Cash and cash equivalents 4,017,443 Other current asset 136,432 Assets held for sale 17,105,770 Liabilities Borrowings 4,524,403 Employee benefit obligations 34,730 Current tax liabilities 4,200 Trade and other payables 891,447 Other non current liabilities 5,337 Deferred revenue 17,804 Contract liabilities 460,244 Provisions (Note 32) 389,511 Liabilities directly associated with the assets held for sale 6,327,676 Net assets directly associated with disposal group 10,778,094 Amounts included in accumulated OCI: Foreign currency translation reserve 6,140,191 Reserve of disposal group classified as held for sale 6,140,191 The net cash flows incurred by the disposal group are, as follows: 31 December 2023 31 December 2022 (*) 31 December 2021 (*) Cash flows from operating activities 4,878,305 4,122,088 5,098,656 Cash flows from investing activities (1,842,419) (3,163,689) (3,095,876) Cash flows from financing activities (826,913) (785,688) (910,800) Net cash (outflow)/inflow 2,208,973 172,710 1,091,979 41. Discontinued operations (continued) Deferred tax asset related to discontinued operations Lifecell, which is included in the disposal group, has recognised a deferred tax asset at the amount of TL 1,177,312 as of 31 December 2023 (31 December 2022: TL 1,047,014), as it is considered probable that future taxable profits will be available to benefit from the deductible tax losses amounting to TL 6,540,624 (31 December 2022: TL 5,816,742). The mentioned tax losses are available indefinitely for offsetting against future taxable profits. As of 31 December 2023, the Group used business plans in determining the amount of deferred tax assets that is recoverable and concluded that tax losses can be utilized within 4 years. As of 31 December 2023, sensitivity analysis conducted by reducing the key inputs of the business plans, namely subscriber growth rate and the average revenue per subscriber, by 5%, resulted in an extended projected utilization period by one year. |
Cash flow information
Cash flow information | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Cash flow information | 42. Net financial liabilities reconciliation: Debt securities Lease Derivative issued Loans liabilities Total Assets, net Total Balance at 1 January 2023 (31,534,111) (52,169,081) (5,034,193) (88,737,385) 3,100,189 (85,637,196) Cash inflows (7,824,254) (62,689,793) - (70,514,047) 7,749,663 (62,764,384) Cash outflows 7,367,659 59,288,115 4,121,990 70,777,764 (4,756,730) 66,021,034 Other non-cash movements (15,440,923) (22,663,080) (5,561,514) (43,665,517) 5,293,962 (48,959,479) Transfer to asset held for sale - 2,744,051 1,780,352 4,524,403 - 4,524,403 Inflation adjustment 15,563,673 25,701,123 2,265,777 43,530,573 891,235 44,421,808 Balance at 31 December 2023 (31,867,956) (49,788,665) (2,427,588) (84,084,209) 1,690,395 (82,393,814) Debt securities Lease Derivative issued Loans liabilities Total Assets, net Total Balance at 1 January 2022 (36,292,848) (55,389,833) (7,865,357) (99,548,038) 5,575,149 (93,972,889) Cash inflows (4,472,292) (53,139,280) - (57,611,572) 5,961,522 (51,650,050) Cash outflows 5,489,265 47,130,897 4,310,581 56,930,743 (5,264,741) 51,666,002 Other non-cash movements (12,025,739) (15,506,487) (4,597,576) (32,129,802) (2,536,649) (34,666,452) Inflation adjustment 15,767,503 24,735,622 3,118,159 43,621,284 (635,092) 42,986,192 Balance at 31 December 2022 (31,534,111) (52,169,081) (5,034,193) (88,737,385) 3,100,189 (85,637,196) |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent events | |
Subsequent events | 43. On 10 January 2024, Turkcell Superonline, issued sukuk at the amount of TL 300,000 with a maturity of 18 April 2024. Besides, on 14 February 2024, it also issued sukuk at the amount of TL 300,000 with a maturity of 29 May 2024. During February and March 2024, Turkcell Ödeme, issued sukuk at the amount of TL 200,000 with a maturity of 8 May 2024; at the amount of TL 100,000 with a maturity of 5 June 2024; and at the amount of TL 200,000 with a maturity of 13 June 2024. On 17 January 2024, Turkcell Finansman, issued a financial bond amounting to TL 143,000 with a maturity of 16 May 2024. During January and February 2024, Turkcell issued commercial bills at the amount of TL 2,500,000 with a maturity of 12 July 2024; at the amount of TL 250,000 with a maturity of 2 August 2024; and at the amount of TL 800,000 with a maturity of 6 August 2024. In addition, on 29 January, 2024, Turkcell obtained loan, at the amount of 38,000 CNY with an interest rate of 5.15%, and on 14 March 2024, at the amount of 50,000 EUR with an interest rate of 6M Euribor + 2.29%, in accordance with the loan agreement signed with China Development Bank (“CDB”) on 7 August 2020 (which was extended in 7 August 2023). On 5 April 2024, the Company’s Board of Directors has taken the decision to submit the distribution of the Company’s dividend in a gross amount of TL 6,277.0 equivalent of a gross dividend of TL 2.8532 (net TL 2.5679) per ordinary share with a nominal value of TL 1 to the shareholders in cash on 5 December 2024. This decision is approved on 2 May 2024in General Assembly. |
Basis of preparation and summ_2
Basis of preparation and summary of material accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Compliance with IFRS | (a) The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and interpretations issued by the IFRS Interpretations Committee (“IFRICs”) applicable to companies reporting under IFRS. The financial statements comply with IFRS as issued by the International Accounting Standards Board (“IASB”). The accounting policies, presentation and methods of computation are consistent with those of the previous financial year and corresponding reporting period, unless otherwise stated. The General Assembly has the power to amend and reissue the financial statements. The consolidated financial statements as at and for the year ended 31 December 2023 were authorized for issue by the Board of Directors on 13 May 2024. |
Restatement of financial statements during the hyperinflationary periods | (b) Restatement of financial statements during the hyperinflationary periods The financial statements of the Company and those of the subsidiaries, associates and joint ventures located in Turkiye and Turkish Republic of Northern Cyprus for the year ended 31 December 2023 were restated for the changes in the general purchasing power of Turkish Lira, which is their functional currency, based on International Accounting Standard No. 29 (“IAS 29”) “ Financial Reporting in Hyperinflationary Economies ”. IAS 29 requires that financial statements prepared in the currency of a hyperinflationary economy be stated in terms of the measuring unit current at the balance sheet date and that corresponding figures for previous periods be restated in the same terms. One characteristic that necessitates the application of IAS 29 is a cumulative three-year inflation rate approaching or exceeding 100%. Cumulative three-year inflation rate in Turkiye reached 268.3% as at 31 December 2023, based on the Turkish nation-wide Consumer Price Index (“CPI”) announced by the Turkish Statistical Institute (“TSI”). However, IAS 29 does not establish the rate of 100% as an absolute rate at which hyperinflation is deemed to arise. It is a matter of judgment when restatement of financial statements in accordance with IAS 29 becomes necessary. Moreover, hyperinflation is also indicated by characteristics of the economic environment of a country. 2. Basis of preparation and summary of material accounting policies (continued) (b) Restatement of financial statements during the hyperinflationary periods (continued) The table below shows the evolution of CPI in the last three years and as of 31 December 2023: 2023 2022 2021 2020 Annual Index 1,859.38 1,128.45 686.95 504.81 Average Index 1,488.91 967.71 561.61 469.59 Yearly Inflation 64.8 % 64.3 % 36.1 % 14.6 % Cumulative Inflation (last three years) 268.3 % 156.2 % 74.4 % 54.2 % In a period of inflation, an entity holding an excess of monetary assets over monetary liabilities loses purchasing power and an entity with an excess of monetary liabilities over monetary assets gains purchasing power to the extent the assets and liabilities are not linked to a price level. The gain or loss on the net monetary position is included in the statement of profit or loss as monetary gain (loss) item. The Company restated all the non-monetary items in order to reflect the impact of the inflation restatement reporting in terms of the measuring unit current as of 31 December 2023. Consequently, the main items restated were Property, Plant and Equipment, Intangible assets, Right-of-Use Assets, Inventories, Investments in Equity Accounted Associate and Joint Venture and the Equity items. Monetary items have not been restated because they are stated in terms of the measuring unit current as of 31 December 2023. Comparative figures must also be presented in the current currency of 31 December 2023 and are restated using the general price index of the current year. Therefore, all comparative figures for the previous reporting periods have been restated, including foreign subsidiaries, by applying a general price index, so that the resulting comparative financial statements are presented in terms of the current unit of measurement as of the closing date of the reporting period. In the statement of profit or loss, except for depreciation and amortization which is calculated using inflation adjusted asset basis, items are restated from the dates when the items of income and expense were initially recorded. The Group uses monthly general price index for this purpose. Similar to statement of profit or loss, all items in the statement of other comprehensive income are expressed in terms of the measuring unit current at balance sheet date. Therefore, all amounts are restated by applying the change in the general price index from the dates when the items of income and expenses were initially recorded in the financial statements. All items in the statement of cash flows are expressed in a measuring unit current at the balance sheet date. The subsidiaries that use functional currencies other than Turkish Lira (foreign companies with economies that are not considered to be hyperinflationary), do not apply IAS 29 (except for the adjustment of inflation for comparative presentation). The Group restates all comparative consolidated results and financial position in terms of the measuring unit current at the reporting date. The initial items of the statement of changes in equity are reported at the closing rate without modifying its total amount due to the fact that it is translated into the closing exchange rate, which implies that a translation adjustment is recognized under retained earnings and other comprehensive results. 2. Basis of preparation and summary of material accounting policies (continued) |
Functional and presentation currency | (c) (i) Transactions and balances Transactions denominated in foreign currencies are translated into the functional currency using the exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated into the functional currency using the exchange rates at that date. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are translated to the functional currency using the exchange rates at the date when the fair value was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss. For example, translation differences on non-monetary assets and liabilities such as assets held at fair value through profit or loss are recognized in profit or loss as part of the fair value gain or loss and translation differences on assets classified as at fair value through other comprehensive income are recognized in other comprehensive income. Foreign exchange gains and losses are recognized in profit or loss, except: ● For capitalized foreign exchange differences relating to borrowings to the extent that they are regarded as an adjustment to interest costs eligible for capitalization. Foreign exchange differences are deferred in equity if they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment in a foreign operation. Foreign exchange gains and losses are presented in the statement of profit or loss on a net basis within finance income or finance costs. (ii) Foreign operations The results and financial position of foreign operations (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: ● Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet, ● Equity for each balance sheet presented is translated at historic cost at the date of transaction, ● Income and expenses for each statement of profit or loss and statement of comprehensive income are translated at average monthly exchange rates (unless this is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions) and ● All resulting exchange differences are recognized in other comprehensive income and accumulated in the foreign currency translation reserve, in equity. On consolidation, exchange differences arising from the translation of borrowings designated as hedges of any net investment in foreign entities are recognized in other comprehensive income. When a foreign operation is sold, the associated exchange differences are reclassified to profit or loss, as part of the gain or loss on sale. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate. 2. Basis of preparation and summary of material accounting policies (continued) |
Use of estimates and judgments | (d) The preparation of the consolidated financial statements requires the use of accounting estimates. Management also needs to exercise judgment in applying the Group’s accounting policies. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Alterations to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are described below: Allowance for doubtful receivables For trade receivables, other receivables, other assets and contract assets the Group applies the simplified approach to providing for expected credit losses (ECL) prescribed in IFRS 9, which requires the use of the lifetime expected loss provision. The Group performed the calculation of ECL rates separately for individual, corporate and wholesale customers. The ECLs were calculated based on actual credit loss experience over the past years. Exposures within each group were segmented based on common credit risk characteristics such as delinquency status. Future collection performance of receivables is estimated by considering general economic conditions to incorporate forward looking information to the expected credit loss calculations. The Group also applies the general approach defined in IFRS 9 for the recognition of impairment losses on receivables from financial services, carried at amortized cost. Group appropriately classifies its financial instruments considering common risk factors (such as the type of the instrument, credit risk rating, guarantees, time to maturity and sector) to determine whether the credit risk on a financial instrument has increased significantly and to account appropriate amount of credit losses in the consolidated financial statements. Capitalization and useful lives of assets The Group evaluates the nature of the capitalized asset for its property, plant and equipment and intangible assets within the scope of IAS 16 and IAS 38 standards, and accordingly, the related assets are depreciated from the date at which the assets are ready for use. The useful lives of such assets depend on management’s view, considering historical experience with similar products as well as anticipation of future events which may impact their life such as changes in technology. The useful lives and residual values of the Group’s assets are estimated by management at the time the asset is acquired and regularly reviewed for appropriateness. The Group defines useful lives of its assets in terms of the assets’ expected utility to the Group. This judgment is based on the experience of the Group with similar assets. In determining the useful life of an asset, the Group also follows technical and/or commercial obsolescence arising on changes or improvements from a change in the market. The useful lives of the telecommunication licenses are based on the duration of the license agreements. 2. Basis of preparation and summary of material accounting policies (continued) (d) Use of estimates and judgments (continued) Gross versus net presentation of revenue When the Group sells goods or services as a principal, revenue and operating costs are recorded on a gross basis. When the Group sells goods or services as an agent, revenue and operating costs are recorded on a net basis, representing the net margin earned. Whether the Group is considered to be acting as principal or agent in the transaction depends on management’s analysis described below and such judgments impact the amount of reported revenue and operating costs but do not impact reported assets, liabilities or cash flows: Indicators that an entity is a principal: ● The entity is primarily responsible for fulfilling the promise to provide the specified good or service, ● The entity has inventory risk before the specified good or service has been transferred to a customer or after transfer of control to the customer, ● The entity has discretion in establishing the price for the specified good or service. Contracted handset sales The Company, the distributors and dealers offer joint campaigns to the subscribers which may include the sale of device by the dealer and/or distributor and a communication service to be provided by the Company. The Company recognizes revenue on net basis, representing the net margin earned, for the device in these transactions by considering the factors below: - The Company is not the primary obligor for the sale of handset, - The Company does not have control over the sale prices of handsets, - The Company has no inventory risk. In all other cases, where above factors do not exist, the Company recognizes revenue gross. Multiple performance obligations and price allocation In arrangements which include multiple elements where the Group acts as principal, the Group considers that a good or service is distinct if both of the following criteria are met: ● The good or service is capable of being distinct, which is considered present if it is frequently sold on standalone basis by the Group or other third parties, ● The promise to transfer the good or service is distinct within the context of the contract, which is considered present if there is no significant integration that combines the goods or services. Revenue is recognized at the amount of the transaction price that is allocated to the performance obligation. The transaction price is allocated between the identified obligations according to the relative standalone selling prices of the obligations. The determination of standalone selling prices for the telecommunications services that are regularly sold on an individual basis by the Group, are not considered to be a critical accounting judgement since the Group uses the actual standalone price of similar services sold by itself in similar circumstances. However, in cases where the identical goods or services are not sold by the Group, stand-alone selling prices for similar goods and services sold by third parties are observed for the estimation purpose. 2. Basis of preparation and summary of material accounting policies (continued) (d) Use of estimates and judgments (continued) Income taxes The calculation of income taxes involves a degree of estimation and judgment in respect of certain items whose tax treatment cannot be finally determined until resolution has been reached with the relevant tax authority or, as appropriate, through formal legal process. As part of the process of preparing the consolidated financial statements, the Group is required to estimate the income taxes in each of the jurisdictions and countries in which it operates. This process involves estimating the actual current tax exposure together with assessing temporary differences resulting from differing treatment of items, such as deferred revenue and reserves for tax and accounting purposes. The recognition of deferred tax assets is based upon whether it is probable that future taxable profits will be available against which unrecognized tax losses and temporary differences can be utilized. Recognition, therefore, involves judgment regarding the future financial performance of the particular legal entity in which the deferred tax asset has been recognized. Provisions, contingent liabilities and contingent assets As detailed and disclosed in Note 38, the Group is involved in a number of investigations and legal proceedings (both as a plaintiff and as a defendant) arising in the ordinary course of business. All these investigations and litigations are evaluated by the Group Management and when it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation, they are accounted for in the consolidated financial statements. For ongoing investigations, Group Management considers the following in determining if a provision should be recognized and the amount of provision needed; i) actual results of investigations in similar nature, ii) information gathered from investigating regulators during oral defense or other meetings, iii) publicly available information about developments at similar investigations completed by the investigating authority. Future results or outcome of these investigations and litigations might differ from these Group Management’s expectations. All significant investigations and litigations are disclosed unless possibility of outflow is considered remote (and where information concerning provisions are very sensitive, and full disclosure could prejudice the outcome of cases). As at the reporting date, the Group Management believes that appropriate recognition criteria and measurement basis are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to enable users to understand their nature, timing and amount by considering current conditions and circumstances. Asset Retirement Obligation The Group recognize dismantling cost for towers and base stations and provision for site restoration in the cost of an item of property, plant and equipment where the company has such a legal or constructive obligation. The dismantling costs are calculated according to best estimate of future expected payments discounted at a discount rate that reflects current market assessments of the time value of money and the risks specific to the liability. Net present value of dismantling cost is recognized as cost of the item of property, plant and equipment in non-current assets and as a long-term provision in non-current liability. Depreciation is calculated by using the same useful life relating to that asset and discount interest expense is recognized under finance cost in the statement of profit or loss. The Group expects that the obligations for dismantling, removing and site restoration will not be realized before the associated assets’ end of useful life. Obligations for dismantling, removing and site restoration are discounted using a discount rate of 11.5% - 29.6% at 31 December 2023 (31 December 2022: 11.2% - 23.9%) 2. Basis of preparation and summary of material accounting policies (continued) (d) Use of estimates and judgments (continued) Floating rate loans and borrowings For floating–rate loans and borrowings, The Group calculates the effective interest rate(“EIR”) based on a market–derived yield curve applicable for the entire life of the instrument. While applying this approach, the calculated EIR is applied until estimated future cash flows are revised, at which point a new EIR is calculated based on the revised cash flow expectations and the current carrying amount. |
Changes in accounting policies | (e) Other than the adoption of the new and revised standards as explained in Note 2(z), the Group did not make any significant changes to its accounting policies during the current year. |
Changes in accounting estimates | (f) If the application of changes in the accounting estimates affects the financial results of a specific period, the changes in the accounting estimates are applied in that specific period, if they affect the financial results of current and following periods; the accounting estimate is applied prospectively in the period in which such change is made. A change in the measurement basis applied is a change in an accounting policy, and is not a change in an accounting estimate. The Company does not have significant changes in accounting estimates during the year. |
Comparative information and revision of prior period financial statements | (g) The consolidated financial statements of the Group are prepared comparatively with the previous period in order to enable monitoring of the financial position and performance trends. In order to comply with the presentation of the current period consolidated financial statements, comparative information is reclassified when deemed necessary and significant differences are disclosed. Significant changes in accounting policies and significant accounting errors are applied retrospectively and prior period financial statements are restated. The Company revised Note 38 to include an additional 2,190,434 TL as “Bank Borrowings” from related parties as of 31 December 2022. This revision has no impact on the consolidated statement of profit or loss, consolidated statement of financial position and consolidated statements of cash flows. |
Principles of consolidation and equity accounting | (h) Principles of consolidation and equity accounting (i) Business combinations Business combinations are accounted for using the acquisition method. The consideration transferred in a business combination comprises: ● The fair value of the assets transferred, ● Liabilities incurred to the former owners of the acquired business, ● Equity interests issued by the Group, ● The fair value of any asset or liability resulting from a contingent consideration arrangement, and ● The fair value of any pre-existing equity interest in the subsidiary. 2. Basis of preparation and summary of material accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (i) Business combinations (continued) Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests. The Group recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net identifiable assets. Where settlement of any part of cash consideration is deferred, the amounts payable in the future are discounted to their present value as at the date of exchange. The discount rate used is the entity’s incremental borrowing rate, being the rate at which a similar borrowing could be obtained from an independent financier under comparable terms and conditions. Contingent consideration is classified either as equity or a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss. (ii) Subsidiaries Subsidiaries comprise all entities over which the Group has control. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit or loss, statement of comprehensive income, statement of changes in equity and statement of financial position, respectively. (iii) Changes in ownership interests The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to the non-controlling and any consideration paid or received is recognized in a separate reserve within equity attributable to owners of the Company. 2. Basis of preparation and summary of material accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (iv) Business combinations under common control Business combinations between entities or businesses under common control are excluded from the scope of IFRS 3. In a business combination under common control, assets and liabilities of the acquired entity are stated at predecessor carrying values. Any difference between the consideration given and the aggregate book value of the assets and liabilities of the acquired entity at the date of the transaction is recognized in equity. The acquired entity’s results and financial position are incorporated as if both entities (acquirer and acquiree) had always been combined, or using the results from the date when either entity joined the Group, where such a date is later. (v) Investments in associates and joint ventures An associate is an entity over which the Group has significant influence, but not control or joint control. This is generally the case where the Group holds between 20% and 50% of the voting rights. A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture.Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. Investments in associates and joint ventures are accounted for using the equity method of accounting after initially being recognized at cost. The group holds an interest in a joint venture, Sofra Kurumsal ve Ödüllendirme Hizmetleri A.Ş.(“Sofra”), and an interest in an associate, Türkiye’nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş(“TOGG”). The financial statements of Sofra and TOGG are prepared for the same reporting period as the Group. The accounting policies of both companies are aligned with those of the Group. Therefore, no adjustments are made when measuring and recognizing the Group’s share of the profit or loss of the investees after the date of acquisition. There is no significant goodwill included the carrying value of associate or joint venture. Under the equity method of accounting, an investment in an associate is initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. The carrying amount of equity-accounted investments is tested for impairment if impairment indicators exist. |
Financial instruments | (i) A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial Assets The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. The Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. In order for a financial asset to be classified and measured at amortized cost or fair value through other comprehensive income, it needs to give rise to cash flows that are ‘solely payments of principal and interest (SPPI)’ on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed at an instrument level. Financial assets with cash flows that are not SPPI are classified and measured at fair value through profit or loss, irrespective of the business model. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows while financial assets classified and measured at fair value through other comprehensive income are held within a business model with the objective of both holding to collect contractual cash flows and selling. (i) Subsequent measurement For purposes of subsequent measurement, financial assets are classified in four categories: ● Financial assets at amortized cost (debt instruments) ● Financial assets at fair value through other comprehensive income with recycling of cumulative gains and losses (debt instruments) ● Financial assets designated at fair value through other comprehensive income with no recycling of cumulative gains and losses upon derecognition (equity instruments) ● Financial assets at fair value through profit or loss (ii) Financial assets at amortized cost (debt instruments) Financial assets at amortized cost are subsequently measured using EIR method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. The Group’s financial assets at amortized cost includes time deposits with maturity more than three months. For more information, refer to Note 24. 2. Basis of preparation and summary of material accounting policies (continued) (i) Financial instruments (continued) (iii) Financial assets at fair value through other comprehensive income (debt instruments) For debt instruments at fair value through other comprehensive income, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the statement of profit or loss and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in other comprehensive income. Upon derecognition, the cumulative fair value change recognized in other comprehensive income is recycled to profit or loss. The Group’s debt instruments at fair value through other comprehensive income includes investments in listed debt securities. For more information, refer to Note 24. (iv) Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognized in the statement of profit or loss. This category includes investment funds, and currency protected time deposits which the Group were irrevocably designated at fair value through OCI as the Group considers these investments to be strategic in nature. When an investment in an associate or a joint venture is held by, or is held indirectly through, an entity that is a venture capital organization, or a mutual fund, unit trust and similar entities including investment-linked insurance funds, the entity may elect to measure that investment at fair value through profit or loss in accordance with IFRS 9.Thus, the Group elect to measure all investments held by RE-PIE Portfoy Yonetim A.S Turkcell Yeni Teknolojiler Girisim Sermayesi (“Turkcell GSYF”) at fair value through profit or loss. For more information, refer to Note 24. (v) Impairment The Group assesses on a forward-looking basis ECL associated with its debt instruments carried at amortized cost and fair value through other comprehensive income. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances are measured on either of the following bases. ● 12 month expected credit losses (ECLs): these are ECLs that result from possible default events within the 12 months after the reporting date and ● Lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument. All Group companies apply simplified lifetime ECL measurement except Turkcell Finansman which applies the general approach. 2. Basis of preparation and summary of material accounting policies (continued) (i) Financial instruments (continued) Cash and cash equivalents For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions and other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. (i) Sale and Repurchase Agreements Securities purchased under agreements to resell (“Reverse Repo”) are classified and measured at amortized cost with the objective to collect contractual cash flows that are SPPI. Reverse repo transactions are recognized as cash and cash equivalents because they have short-term maturity and is readily convertible to a known amount of cash and subject to an insignificant risk of changes in value. Trade receivables Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. If collection of the amounts is expected in one year or less, they are classified as current assets. If not, they are presented as non-current assets. Current trade receivables that do not contain a significant financing component are measured at the transaction price, less provision for impairment. When the period between the transfer of the promised good or service and the payment is one year or less, the Group applies the practical expedient and does not adjust the consideration for the effects of a significant financing component. However, non-current trade receivables are recognized initially at fair value and subsequently measured at amortized cost using EIR method, less provision for impairment. See Note 35 for a description of the Group’s impairment policies. Financial liabilities All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group’s financial liabilities include trade and other payables, loans and borrowings, and derivative financial instruments. (i) Subsequent measurement For purposes of subsequent measurement, financial liabilities are classified in two categories: ● Financial liabilities at fair value through profit or loss ● Financial liabilities at amortized cost (loans and borrowings) (ii) Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognized in the statement of profit or loss. 2. Basis of preparation and summary of material accounting policies (continued) (i) Financial instruments (continued) (iii) Financial liabilities at amortized cost (loans and borrowings) After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the statement of profit or loss. For more information, refer to Note 28. (iv) Derecognition A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the statement of profit or loss. Offsetting financial assets and financial liabilities Financial assets and liabilities are offset and the net amount presented in the statement of financial position where the Group has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or to realize the asset and settle the liability simultaneously. |
Derivative financial instruments and hedging accounting | (j) Derivative financial instruments and hedge accounting Derivative instruments are initially recognized at the acquisition cost reflecting the fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. The derivative instruments of the Group mainly consist of participating cross currency swap contracts which a cross-currency swap product featuring both buy and sell option structures, cross currency /interest rate swap contracts, foreign currency swap contracts and currency forward contracts instruments. These derivative transactions, even though providing effective economic hedges under the Group risk management position, do not generally qualify for hedge accounting under the specific rules and are therefore treated as derivatives held for trading in the consolidated financial statements. The fair value changes for these derivatives are recognized in the consolidated income statement. Fair values of foreign exchange forwards, interest rate and foreign exchange swaps (IRS, Cross Currency Swaps etc.) and options are calculated with market levels of interest rates and Central Bank of Republic of Turkiye (“CBRT”) exchange rates via valuation methods and pricing instruments correspondent with market standards. If market levels are not available for valuation date, fair value for forward contracts will be the value of the discounted future value of the difference between contract price level and forward value of CBRT exchange rate with risk free rates for the period. Interest rate and currency swaps will be valued with the difference of the discounted cash flows of each leg of the swaps using risk free rates and CBRT exchange rates. Option transactions will be valued with option pricing models using risk free rates and CBRT exchange rates. At inception of the hedge relationship, the Group documents the economic relationship between hedging instruments and hedged items including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The Group documents its risk management objective and strategy for undertaking its hedge transactions. The hedging transactions of the Group that qualify for hedge accounting are accounted for as follows: 2. Basis of preparation and summary of material accounting policies (continued) (j) Derivative financial instruments and hedging accounting (continued) (i) Fair value hedge Changes in the fair value of derivatives that are designated and qualified as fair value hedges are recorded in the income statement, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. The change in the fair value of hedged asset or liability attributable to the hedged risk is recorded as part of the carrying value of the hedged asset or liability during the effective hedging relationship. If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged item, for which the effective interest method is used, is amortized using a recalculated effective interest rate. (ii) Cash flow hedge Hedges of exposures to variability in cash flows that are attributable to a particular risk associated with a recognized asset or liability or a highly probable forecast transaction and could affect profit and loss are designated as cash flow hedges by the Group in accordance with IFRS 9 hedge accounting requirement. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in the cash flow hedge reserve within equity. The gain or loss relating to the ineffective portion is recognized immediately in profit or loss. Gains or losses relating to the effective portion of the change in intrinsic value of the options are recognized in the cash flow hedge reserve within equity. The changes in the time value of the options that relate to the hedged item (“aligned time value”) are recognized within other comprehensive income in the costs of hedging reserve within equity. Amounts accumulated in equity are reclassified in the periods when the hedged item affects profit or loss, as follows: - Where the hedged item subsequently results in the recognition of a non-financial asset, both the deferred hedging gains and losses and the deferred time value of the option contracts or deferred forward points, if any, are included within the initial cost of the asset. The deferred amounts are ultimately recognized in profit or loss as the hedged item affects profit or loss. - The gain or loss relating to the effective portion of the interest rate swaps hedging variable rate borrowings is recognized in profit or loss within finance cost at the same time as the interest expense on the hedged borrowings. The new effectiveness test model may be qualitative depending on the complexity of hedging relationship provided that it is prospective only. The 80-125% range in IAS 39 is replaced by an objectives-based test that focuses on the economic relationship between the hedged item and the hedging instrument, and the effect of credit risk on that economic relationship. Under IFRS 9, at inception of the hedge relationship, the Group documents the economic relationship between hedging instruments and hedged items including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The Group documents its risk management objective and strategy for undertaking its hedge transactions. Hedging relationship is discontinued in its entirety when as a whole it ceases to meet the qualifying criteria after considering the rebalancing of the hedging relationship. Voluntary discontinuation is not done, as it is prohibited by IFRS 9. Hedge accounting is discontinued when the risk management objective for the hedging relationship has changed, the hedging instrument expires or is sold, terminated or exercised, there is no longer an economic relationship between the hedged item and hedging instrument or when the effect of credit risk starts dominating the value changes that result from the economic relationship. 2. (j) (ii) Cash flow hedge (continued) When the Group discontinues hedge accounting for a cash flow hedge it accounts for the amount that has been accumulated in the cash flow hedge reserve as follows; - If the hedged future cash flows are still expected to occur, that amount remains in the cash flow hedge reserve until the future cash flows occur. - When a hedging instrument expires, or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, any cumulative deferred gain or loss and deferred costs of hedging in equity at that time remains in equity until the forecast transaction occurs, resulting in the recognition of a non-financial asset. When the forecast transaction is no longer expected to occur, the cumulative gain or loss and deferred costs of hedging that were reported in equity are immediately reclassified to profit or loss. (iii) Foreign currency hedge of net investments in foreign operations Foreign exchange gains or losses on the hedging instrument relating to the effective portion of the foreign currency hedge of net investments in foreign operations are recognized in other comprehensive income while any gains or losses relating to the ineffective portion is recognized in the income statement. Tax effects of foreign exchange gains or losses on the hedging instrument relating to the effective portion of the foreign currency hedge of net investments in foreign operations is recognized under other comprehensive income as well (Note 34). |
Property, plant and equipment | (k) (i) Recognition and measurement Items of property, plant and equipment are stated at historical cost adjusted for the effects of inflation during the hyperinflationary period, where applicable, less depreciation and impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes cost of materials and direct labor, any other costs directly attributable to bringing the asset to a working condition for its intended use and the costs of dismantling and removing the items and restoring the site on which they are located, if any. Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These are included in profit or loss. Changes in the obligation to dismantle, remove assets on sites and to restore sites on which they are located, other than changes deriving from the passing of time, are added or deducted from the cost of the assets in the period in which they occur. The amount deducted from the cost of the asset cannot exceed the balance of the carrying amount on the date of change, and any excess balance is recognized immediately in profit or loss. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. 2. Basis of preparation and summary of significant accounting policies (continued) (k) Property, plant and equipment (continued) (ii) Subsequent costs Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred. (iii) Depreciation Depreciation is calculated using the straight-line method to allocate their cost, net of their residual values, over their estimated useful lives. Land is not depreciated. The ranges of estimated useful lives are as follows: Mobile network infrastructure 4–20 years Fixed network infrastructure 3–25 years Call center equipment 4–8 years Buildings 21–25 years Equipment, fixtures and fittings 2–10 years Motor vehicles 4 – 6 years Electricity power plant 20 years Leasehold improvements 3 – 5 years Depreciation methods, useful lives and residual values are reviewed, and adjusted if appropriate, at the end of each reporting period. (iv) Borrowing costs General and specific borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are capitalized during the period that is required to complete and prepare the asset for its intended use or sale. Qualifying assets are assets that necessarily take a substantial period to get ready for their intended use or sale. Other borrowing costs are expensed in the period in which they are incurred. |
Intangible assets | 2. Basis of preparation and summary of material accounting policies (continued) (l) Intangible assets (i) Telecommunication licenses Separately acquired telecommunication licenses are stated at historical cost adjusted for the effects of inflation during the hyperinflationary period, where applicable, less amortization and impairment losses. Amortization Amortization is recognized in the statement of profit or loss on a straight-line basis by reference to the license period. The range of estimated useful life for telecommunication licenses are as follows: Telecommunications licenses 3 – 25 years The Company has been granted the 2G, 3G and 4.5G licenses on 27 April 1998 (The 2G license has been extended until 30 April 2029 on 7 April 2023) 30 July 2009 and 26 August 2015, respectively. The licenses are effective for 31, 20 and 13 years, respectively. ( ii) Computer software Acquired computer software licenses are stated at historical cost adjusted for the effects of inflation during the hyperinflationary period, where applicable, less amortization and impairment losses. Acquired computer software licenses are capitalized based on the costs incurred to acquire and bring to use the specific software. Costs associated with maintaining computer software programs are recognized as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognized as intangible assets when the following criteria are met: ● It is technically feasible to complete the software such that it will be available for use, ● Management intends to complete the software and use or sell it, ● There is an ability to use or sell the software, ● It can be demonstrated how the software will generate probable future economic benefits, ● Adequate technical, financial and other resources to complete the development and to use or sell the software are available and ● The expenditure attributable to the software during its development can be reliably measured. Directly attributable costs that are capitalized as part of the software include employee costs and an appropriate portion of relevant overheads. Research expenditure and development expenditure that do not meet the criteria above are recognized as an expense as incurred. Development costs previously recognized as an expense are not recognized as an asset in a subsequent period. 2. Basis of preparation and summary of material accounting policies (continued) (I) Intangible assets (continued) (ii) Computer software (continued) Capitalized development costs are recorded as intangible assets and amortized from the point at which the asset is ready for use. Amortization Amortization is recognized in the statement of profit or loss on a straight-line basis over the estimated useful lives. The range of estimated useful life for computer software are as follows: Computer software 3 – 8 years Amortization methods, useful lives and residual values are reviewed, and adjusted if appropriate, at the end of each reporting period. (iii) Other intangible assets Other intangible assets that are acquired by the Group which have finite useful lives are stated at historical cost adjusted for the effects of inflation during the hyperinflationary period, where applicable, less amortization and impairment losses. Indefeasible Rights of Use (“IRU”) are rights to use a portion of an asset’s capacity granted for a fixed period of time. IRUs are recognized as intangible asset when the Group has specific indefeasible rights to use an identified portion of an underlying asset and the duration of the right is for the major part of the underlying asset’s useful economic life. IRUs are amortized over the shorter of the underlying asset’s useful economic life and the contract term. Amortization Amortization is recognized in the statement of profit or loss on a straight-line basis over the estimated useful lives. The ranges of the estimated useful lives for other intangible assets are as follows: Indefeasible right-of-use 15 years Transmission line software 5-10 years Brand name 9-10 years Customer base 2-15 years Subscriber acquisition cost 2-6 years Electricity production license 20 years Amortization methods, useful lives and residual values are reviewed, and adjusted if appropriate, at the end of each reporting period. Useful lives of subscriber acquisition cost are determined based on expected subscriber lifetimes. Goodwill Goodwill on acquisitions of subsidiaries is included in intangible assets. Goodwill is not amortized but it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired. It is carried at cost adjusted for the effects of inflation during the hyperinflationary period (when it is arising from acquisition of a business whose functional currency is hyperinflationary), less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. |
Investment properties | 2. Basis of preparation and summary of material accounting policies (continued) (m) Recognition and measurement Investment properties are properties held for rental yields and/or for capital appreciation (including property under construction for such purposes). Investment properties are stated at historical cost adjusted for the effects of inflation during the hyperinflationary period, where applicable, less depreciation and impairment losses. An investment property is derecognized upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognized. Depreciation Depreciation is calculated using the straight-line method to allocate their cost, net of their residual values, over their estimated useful lives. The ranges of estimated useful lives are as follows: Investment Property 25-45 years Depreciation methods, useful lives and residual values are reviewed, and adjusted if appropriate, at the end of each reporting period. |
Inventories | (n) Inventories are stated at the lower of cost, which is adjusted for the effects of inflation during the hyperinflationary period, where applicable, and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs necessary to make the sale. Cost of inventory is determined using the weighted average method and comprises all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Costs of purchased inventory are determined after deducting rebates and discounts. At 31 December 2023 and 2022, inventories mainly consisted of mobile phone and its accessories, tablet, sim-cards, tower construction materials and other electronic products. |
Impairment of non-financial assets | (o) The Group assesses, at each reporting period, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the Group estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash generating unit’s (“CGU”) fair value less costs of disposal and its value in use. The recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. For assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognized impairment losses no longer exist or have decreased. As of 31 December 2023, no indication of impairment was found in any CGU of the Group and no impairment test was performed. As explained at Note 41, the Company classified Ukrainian CGU as held-for-sale as of 31 December 2023. Prior to classification to assets held for sale, the Company performed an assessment and did not identify an indication of impairment for Ukrainian CGU. As of 31 December 2022, due to ongoing war in Ukraine, impairment test of Lifecell’s tangible and intangible assets was performed (Note 14). |
Employee benefits | 2. Basis of preparation and summary of material accounting policies (continued) (p) Employee benefits (i) Short-term obligations Liabilities for salaries including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognized in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as employee benefit obligations in the statement of financial position. (ii) Post-employment benefits In accordance with the labor law in Turkiye, the Company and its subsidiaries in Turkiye are required to make lump-sum payments to employees who have completed one year of service and whose employment is terminated without cause or who retire, are called up for military service or die. Such payments are considered as being part of defined benefit plans in accordance with IAS 19 Employee Benefits (“IAS 19”). Thus, the Group has recognized the retirement pay liability provision which is calculated by estimating the present value of future probable obligation of the Company and its subsidiaries in Turkiye arising from retirement of employees. Provision for retirement pay liability is calculated by independent actuaries using the projected unit credit method. The calculated actuarial gains and losses are all recognized in other comprehensive income. For Turkish legal entities, the provision is calculated based on 30 days (iii) Share-based payments The Group provides a cash-settled share-based payment plan for selected employees in return for their services. For cash-settled share-based payment transactions, the Group measures services received and the liability incurred at the fair value of the liability. Liabilities for cash-settled share-based payment plan are recognized as employee benefit expense over the relevant service period. The fair value of the liability is re-measured at each reporting date and at the settlement date. Any changes in fair value are recognized in profit or loss for the period. (iv) Personnel bonus Provision for bonus is provided when the bonus is a legal obligation, or past practice would make the bonus a constructive obligation and the Group is able to make a reliable estimate of the obligation. (v) Defined contribution plans For defined contribution plans, the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Group has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. |
Provisions | (q) Provisions A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of resources will be required to settle the obligation. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured at the present value of management’s best estimate of the outflow required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognized as interest expense. Dismantling, removal and restoring sites obligation The Group is required to incur certain costs in respect of a liability to dismantle and remove assets and to restore sites on which the assets were located. The dismantling costs are calculated according to best estimate of future expected payments discounted at a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the liability. |
Revenue | (r) Revenue Revenue is recognized at the amount of the transaction price that is allocated to the performance obligation. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Revenue is recognized when control is transferred to the customer. Revenue from telecommunication services includes postpaid and prepaid revenue from voice, data, messaging and value-added services, fixed internet services, interconnect revenue, and roaming revenue. The Group generally recognizes telecommunication revenue over time as it performs because the subscriber simultaneously receives and consumes the benefits provided by the Group, as the Group performs. At some of the contracts, the Group recognizes revenue for the products and services early within the contract term, where the collection is made in deferred terms. Collection under these contracts, are considered probable as the Group has contractual right to collect, it has a firm policy and practice to enforce its contractual rights and has a historic pattern of collection. With respect to prepaid revenue, the Group generally collects cash in advance by selling prepaid top up to distributors. In such cases, the Group does not recognize revenue until subscribers use the telecommunication services. 2. Basis of preparation and summary of significant accounting policies (continued) (r) Revenue (continued) Services may be bundled with other products and services and these bundled elements involve consideration in the form of a fixed fee or a fixed fee coupled with a continuing payment stream. A good or service is distinct if both of the following criteria are met: ● The good or service is capable of being distinct, which is considered present if it is frequently sold on standalone basis by the Group or other third parties, ● The promise to transfer the good or service is distinct within the context of the contract, which is considered present if there is no significant integration that combines the goods or services. The arrangement consideration is allocated to each performance obligation identified in the contract on a relative standalone selling price. If an element of a transaction is not distinct, then it is accounted for as an integral part of the remaining elements of the transaction. Revenue from device sales is recognized when control of the device has been transferred, being the time when delivered to the end customer. For device sales, revenue is recognized at the time when control of the device has been transferred, being when the products are delivered. The Group, its distributors and dealers offer joint campaigns to subscribers (mainly corporate subscribers) which may include the sale of device by the dealer and/or the distributor and the sale of communication service by the Group. In certain campaigns, dealers make the handset sales to the subscribers with deferred payment terms. Instalment of these handset sales are collected by the Group through letters of undertaking (a formal document transferring right to collect) signed by all parties. The Group pays the distributor the net present value of the installments to be collected from the subscribers and recognizes “contracted receivables” (those that are transferred by the dealers/distributors) in its statement of financial position. The undue (not collected) portion of these contracted receivables which were paid upfront to the distributors/dealers by the Group is classified as “undue assigned contracted receivables” in trade receivables (Note 19). When monthly installment is invoiced to the subscriber, related portion is reclassified as “receivables from subscribers”. The Group collects the contracted receivables in installments during the contract period and recognize revenue for the handset, based on the gross versus net presentation criteria explained at note (d). The Group and distributors offer subscribers to buy a device through consumer financing loan, which will be collected by Turkcell Finansman. The Group carries a risk of collection in these transactions. Turkcell Finansman collects the purchased credit from the subscriber during the contract period and does not record revenue related to the device when it does not act as principal for the sale of device. This is classified as revenue from financial services and it represents interest income generated from consumer financing activities. Interest income is recognized as it accrues, using the effective interest method. The Group also generate revenue from mobile payment services, classified as revenue from financial services, provided by Turkcell Odeme. The revenue mainly consists of commission income from mobile payment activities, and recognized when customers use the service, make transactions and the service provided. Monthly fixed fees represent a fixed amount charged to postpaid subscribers on a monthly basis without regard to the level of usage. Fixed fees are recognized on a monthly basis when billed. Monthly fixed fees are included in telecommunication services revenues. Call center revenues are recognized at the time services are rendered during the contractual period. The revenue recognition policy for other revenues is to recognize revenue as services are provided. 2. Basis of preparation and summary of significant accounting policies (continued) (r) Revenue (continued) Contract costs eligible for capitalization as incremental costs of obtaining a contract comprise commission on sale relating to prepaid and postpaid contracts with acquired or retained subscribers. Contract costs are capitalized in the month of service activation if the Group expects to recover those costs. Contract costs comprise sales commissions to dealers and to own salesforce which can be directly attributed to an acquired or retained contract. Contract costs are classified as intangible assets in the consolidated financial statements. The asset is amortized on a straight-line basis over the customer lifetime, consistent with the pattern of recognition of the associated revenue. |
Income taxes | (s) Income taxes The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. Income tax expense is recognized in the statement of profit or loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity, respectively. The current income tax charge is calculated based on the tax laws enacted or substantively enacted at the end of the reporting period in the countries where the Company and its subsidiaries and associates operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions,where appropriate, based on amounts expected to be paid to the tax authorities. Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill. Deferred income tax is also not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss and at the time of the transaction, does not give rise to equal taxable and deductible temporary differences. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. Deferred tax assets are recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and tax losses. Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax bases of investments in foreign operations where the Company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. Companies within the Group may be entitled to claim special tax exemptions for capital investments in qualifying assets or in relation to qualifying expenditure (e.g., the Research and Development Tax Incentive regime in Turkiye or other investment allowances). The Group accounts for such allowances as tax credits, which means that the allowance reduces income tax payable and current tax expense. A deferred tax asset is recognized for unclaimed tax credits that are carried forward as deferred tax assets. |
Earnings per share | (t) The Group does not have any potential ordinary shares in issue, therefore basic and diluted earnings per share (“EPS”) are equal. Since basic and diluted EPS are equal, the Group presents both basic and diluted EPS on one line described as “Basic and diluted EPS”. Basic EPS is calculated by dividing the profit attributable to ordinary shareholders of the Company by the weighted-average number of ordinary shares outstanding during the financial year, excluding treasury shares. In Türkiye, entities can increase their share capital by distributing “Bonus share” to shareholders from retained earnings. In computing earnings per share, such “Bonus share” distributions are treated as issued shares. Accordingly, the retrospective effect for such share distributions is taken into consideration when determining the weighted-average number of shares outstanding. |
Non-current asset held for sale and discontinued operations | (u) On 29 December 2023, the Group publicly announced the decision of its Board of Directors to sell Lifecell, UkrTower and Global LLC, which as a whole represent Ukrainian geography operations. The sale of Ukrainian operations is expected to be completed within a year from the reporting date. The Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Assets and liabilities of Ukrainian operations are presented at carrying amounts, as carrying amount is lower than fair value less costs to sell. The criteria for held for sale classification is regarded as met only when the sale is highly probable, and the asset or disposal group is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Assets and liabilities classified as held for sale are presented separately as current items in the statement of financial position. Ukrainian operations are presented as a discontinued operation because it is classified as held for sale and it represents a separate major geographical area of operations. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. Additional disclosures are provided in Note 41. All other notes to the financial statements include amounts for continuing operations, unless indicated otherwise. |
Equity | (v) Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a deduction, net of tax, from the proceeds. Where any Group company purchases the Company’s equity instruments, for example as the result of a share buy-back plan, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the owners of the Company as treasury shares until the shares are cancelled or reissued. Where such ordinary shares are subsequently reissued, any consideration received, net of any directly attributable incremental transaction costs and the related income tax effects, is included in equity attributable to the owners of the Company (Note 25). |
Dividends | (w) Liability is recognized for any dividend declared, being appropriately authorized and no longer at the discretion of the Company, on or before the end of the reporting period but not distributed at the end of the reporting period. |
Leases | (x) At inception of a contract, the Group assesses whether a contract is, or contains a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, The Group assesses whether: - The contract involved the use of an identified asset - this may be specified explicitly or implicitly; - The asset should be physically distinct or represent substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, the asset is not identified; - The Group has the right to obtain substantially all of the economic benefits from the use of an asset throughout the period of use and - The Group has the right to direct use of the asset. The Group has the right when it has the decision-making rights that are most relevant to changing the how and for what purpose the asset is used. If these decisions are predetermined; - - At inception or on reassessment of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices. Right-of-use asset The Group recognizes a right-of use asset and a lease liability at the lease commencement date. The right-of-use asset is initially recognized at cost which is adjusted for the effects of inflation during the hyperinflationary period, where applicable, comprising of: - Amount of the initial measurement of the lease liability, - Any lease payments made at or before the commencement date, less any lease incentives received, - Any initial direct costs incurred by the Group and - An estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease, unless those costs are incurred to produce inventories. The lessee incurs the obligation for those costs either at the commencement date or as a consequence of having used the underlying asset during a particular period. 2. Basis of preparation and summary of material accounting policies (continued) (x) The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end date of the useful life of the right-of-use asset or the end date of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability (Note 16). Lease Liability The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Group’s incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise the following: - Fixed payments, including in-substance fixed payments, - Variable lease payments that depend on an index or a rate, initially measured using the index or rate at the commencement date, - Amounts expected to be payable under a residual value guarantee and - The exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewable period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease if the Group is reasonably certain to terminate early. After initial recognition, the lease liability is measured (a) increasing the carrying amount to reflect interest on lease liability; (b) reducing the carrying amount to reflect the lease payments made, and (c) remeasuring the carrying amount to reflect any reassessment or lease modifications or to reflect revised in-substance fixed lease payments. Where, (a) there is a change in the lease term as a result of reassessment of certainty to exercise an extension option, or not to exercise a termination option as discussed above; or (b) there is a change in the assessment of an option to purchase the underlying asset, assessed considering the events and circumstances in the context of a purchase option, the Group remeasures the lease liabilities to reflect changes to lease payments by discounting the revised lease payments using a revised discount rate. The Group determines the revised discount rate as the interest rate implicit in the lease for the remainder of the lease term, or the its incremental borrowing rate at the date of reassessment, if the interest rate implicit in the lease cannot be readily determined. Where, (a) there is a change in the amounts expected to be payable under a residual value guarantee; or (b) there is a change in the future lease payments resulting from a change in an index or a rate used to determine those payments, including change to reflect changes in market rental rates following a market rent review, the Group remeasures the lease liabilities by discounting the revised lease payments using an unchanged discount rate, unless the change in lease payments results from a change in floating interest rates. In such case, the Group uses the revised discount rate that reflects changes in the interest rate. 2. Basis of preparation and summary of material accounting policies (continued) (x) The Group recognizes the amount of the remeasurement of lease liability as an adjustment to the right-of-use asset. Where the carrying amount of the right-of-use asset is reduced zero and there is further reduction in the measurement of the lease liability, the Group recognizes any remaining amount of the remeasurement in profit or loss. The Group accounts for a lease modification as a separate lease if both: - The modification increases the scope of the lease by adding the right to use one or more underlying assets and - The consideration for the lease increases by an amount commensurate with the stand-alone price for the increase in scope and any appropriate adjustments to that stand-alone price to reflect the circumstances of the particular contract. The Group as a Lessor When the Group acts an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use-asset arising from the head lease, not with reference to the underlying asset. If an arrangement contains lease and non-lease components, the Group applies IFRS 15 to allocate the consideration in the contract. |
New standards and interpretations | (y) New standards and interpretations i) Standards, amendments and interpretations applicable as at 31 December 2023: IFRS 17 - The new Standard for insurance contracts IASB issued IFRS 17, a comprehensive new accounting standard for insurance contracts covering recognition and measurement, presentation and disclosure. IFRS 17 model combines a current balance sheet measurement of insurance contract liabilities with the recognition of profit over the period that services are provided. Certain changes in the estimates of future cash flows and the risk adjustment are also recognized over the period that services are provided. Entities have an option to present the effect of changes in discount rates either in profit and loss or in other comprehensive income. The standard includes specific guidance on measurement and presentation for insurance contracts with participation features. The standard did not have a significant impact on the financial position or performance of the Group. 2. Basis of preparation and summary of significant accounting policies (continued) (y) New standards and interpretations (continued) i) Standards, amendments and interpretations applicable as at 31 December 2023: (continued) Amendments to IAS 8 - Definition of Accounting Estimates In February 2021, the Board issued amendments to IAS 8, in which it introduces a new definition of “accounting estimates”. The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. Also, the amended standard clarifies that the effects on an accounting estimate of a change in an input or a change in a measurement technique are changes in accounting estimates if they do not result from the correction of prior period errors. The previous definition of a change in accounting estimate specified that changes in accounting estimates may result from new information or new developments. Therefore, such changes are not corrections of errors. This aspect of the definition was retained by the Board. The amendments apply to changes in accounting policies and changes in accounting estimates that occur on or after the start of the effective date. The amendments did not have a significant impact on the financial position or performance of the Group. Amendments to IAS 1 and IFRS Practice Statement 2 - Disclosure of Accounting Policies The amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements provide guidance and examples to help entities apply materiality judgements to accounting policy disclosures. The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their ‘significant’ accounting policies with a requirement to disclose their ‘material’ accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments have had some impact on the Group’s disclosures of accounting policies, but not on the measurement, recognition or presentation of any items in the Group’s financial statements. Amendments to IAS 12 – Deferred Tax related to Assets and Liabilities arising from a Single Transaction In May 2021, the Board issued amendments to IAS 12, which narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments clarify that where payments that settle a liability are deductible for tax purposes, it is a matter of judgement (having considered the applicable tax law) whether such deductions are attributable for tax purposes to the liability recognized in the financial statements (and interest expense) or to the related asset component (and interest expense). This judgement is important in determining whether any temporary differences exist on initial recognition of the asset and liability. The amendments apply to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, at the beginning of the earliest comparative period presented, a deferred tax asset (provided that sufficient taxable profit is available) and a deferred tax liability for all deductible and taxable temporary differences associated with leases and decommissioning obligations should be recognized. The standard did not have any impact on the financial position or performance of the Group because the Group had already adopted a similar policy. 2. Basis of preparation and summary of material accounting policies (continued) (y) New standards and interpretations (continued) i) Standards, amendments and interpretations applicable as at 31 December 2023: (continued) Amendments to IAS 12 - International Tax Reform – Pillar Two Model Rules In May 2023, the Board issued amendments to IAS 12, which introduce a mandatory exception in IAS 12 from recognizing and disclosing deferred tax assets and liabilities related to Pillar Two income taxes. The amendments clarify that IAS 12 applies to income taxes arising from tax laws enacted or substantively enacted to implement the Pillar Two Model Rules published by the Organization for Economic Cooperation and Development (OECD). Local legislations in the countries that the Group operates have not been fully clarified yet, except for the Netherlands. But because other countries legislations are not fully clarified, the Group is unable to make a complete impact assessment for the impacts of the tax reform. However, Certain disclosure requirements are not required to be applied for any period ending on or before 31 December 2023. Based on management’s preliminary assessments, Group management does not expect significant impact on it’s consolidated financial statements due to Pillar Two amendments. However, the Company will continue to monitoring upcoming legislation changes on this matter, in Turkey and in other countries that the Group operates. ii) Standards, amendments and interpretations that are issued but not effective as at 31 December 2023: 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. Amendments to IFRS 10 and IAS 28 - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture In December 2015, IASB postponed the effective date of this amendment indefinitely pending the outcome of its research project on the equity method of accounting. Early application of the amendments is still permitted. The Group will wait until the final amendment to assess the impacts of the changes. Amendments to IAS 1- Classification of Liabilities as Current and Non-Current Liabilities In January 2020 and October 2022, IASB issued amendments to IAS 1 to specify the requirements for classifying liabilities as current or non-current. According to the amendments made in October 2022 if an entity’s right to defer settlement of a liability is subject to the entity complying with the required covenants at a date subsequent to the reporting period (“future covenants”), the entity has a right to defer settlement of the liability even if it does not comply with those covenants at the end of the reporting period. In addition, October 2022 amendments require an entity to provide disclosure when a liability arising from a loan agreement is classified as non-current and the entity’s right to defer settlement is contingent on compliance with future covenants within twelve months. This disclosure must include information about the covenants and the related liabilities. The amendments clarified that the classification of a liability is unaffected by the likelihood that the entity will exercise its right to defer settlement of the liability for at least twelve months after the reporting period. The amendments are effective for periods beginning on or after 1 January 2024. The amendments must be applied retrospectively in accordance with IAS 8. Early application is permitted. However, an entity that applies the 2020 amendments early is also required to apply the 2022 amendments, and vice versa. The Group does not expect any impact on its balance sheet as a result of this amendment. 2. Basis of preparation and summary of material accounting policies (continued) (y) New standards and interpretations (continued) ii) Standards, amendments and interpretations that are issued but not effective as at 31 December 2023: (continued) Amendments to IFRS 16 - Lease Liability in a Sale and Leaseback In September 2022, the Board issued amendments to IFRS 16. The amendments specify the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognize any amount of the gain or loss that relates to the right-of-use it retains. In applying requirements of IFRS 16 under “Subsequent measurement of the lease liability” heading after the commencement date in a sale and leaseback transaction, the seller lessee determines ‘lease payments’ or ‘revised lease payments’ in such a way that the seller-lessee would not recognize any amount of the gain or loss that relates to the right-of-use retained by the seller-lessee. The amendments do not prescribe specific measurement requirements for lease liabilities arising from a leaseback. The initial measurement of the lease liability arising from a leaseback may result in a seller-lessee determining ‘lease payments’ that are different from the general definition of lease payments in IFRS 16. The seller-lessee will need to develop and apply an accounting policy that results in information that is relevant and reliable in accordance with IAS 8. A seller-lessee applies the amendments to annual reporting periods beginning on or after 1 January 2024. Earlier application is permitted. A seller-lessee applies the amendments retrospectively in accordance with IAS 8 to sale and leaseback transactions entered into after the date of initial application of IFRS 16. The Group does not expect significant impact of the amendments on financial position or performance of the Group. Amendments to IAS 7 and IFRS 7 - Disclosures: Supplier Finance Arrangements The amendments issued in May 2023 specify disclosure requirements to enhance the current requirements, which are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. Supplier finance arrangements are characterized by one or more finance providers offering to pay amounts an entity owes its suppliers and the entity agreeing to pay according to the terms and conditions of the arrangements at the same date as, or a date later than, suppliers are paid. The amendments require an entity to provide information about terms and conditions of those arrangements, quantitative information on liabilities related to those arrangements as at the beginning and end of the reporting period and the type and effect of non-cash changes in the carrying amounts of those liabilities. In the context of quantitative liquidity risk disclosures required by IFRS 7, supplier finance arrangements are also included as an example of other factors that might be relevant to disclose. The amendments will be effective for annual reporting periods beginning on or after 1 January 2024. Early adoption is permitted but will need to be disclosed. The Group is in the process of assessing the impact of the amendments on financial position or performance of the Group. Amendments to IAS 21 - Lack of exchangeability In August 2023, the Board issued amendments to IAS 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. The amendments will be effective for annual reporting periods beginning on or after 1 January 2025. Early adoption is permitted but will need to be disclosed. When applying the amendments, an entity cannot restate comparative information. The Group is in the process of assessing the impact of the amendments on financial position or performance of the Group. |
Basis of preparation and summ_3
Basis of preparation and summary of material accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Disclosure of evolution of CPI | 2023 2022 2021 2020 Annual Index 1,859.38 1,128.45 686.95 504.81 Average Index 1,488.91 967.71 561.61 469.59 Yearly Inflation 64.8 % 64.3 % 36.1 % 14.6 % Cumulative Inflation (last three years) 268.3 % 156.2 % 74.4 % 54.2 % |
Disclosure of Estimated Useful Lives for Property, Plant and Equipment | The ranges of estimated useful lives are as follows: Mobile network infrastructure 4–20 years Fixed network infrastructure 3–25 years Call center equipment 4–8 years Buildings 21–25 years Equipment, fixtures and fittings 2–10 years Motor vehicles 4 – 6 years Electricity power plant 20 years Leasehold improvements 3 – 5 years |
Disclosure of Estimated Useful Lives for Investment Properties | Depreciation is calculated using the straight-line method to allocate their cost, net of their residual values, over their estimated useful lives. The ranges of estimated useful lives are as follows: Investment Property 25-45 years |
Telecommunication licenses | |
Statement [LineItems] | |
Disclosure of Estimated Useful Lives for Intangible Assets | Telecommunications licenses 3 – 25 years |
Computer software | |
Statement [LineItems] | |
Disclosure of Estimated Useful Lives for Intangible Assets | Amortization is recognized in the statement of profit or loss on a straight-line basis over the estimated useful lives. The range of estimated useful life for computer software are as follows: Computer software 3 – 8 years |
Other intangible assets | |
Statement [LineItems] | |
Disclosure of Estimated Useful Lives for Intangible Assets | Amortization is recognized in the statement of profit or loss on a straight-line basis over the estimated useful lives. The ranges of the estimated useful lives for other intangible assets are as follows: Indefeasible right-of-use 15 years Transmission line software 5-10 years Brand name 9-10 years Customer base 2-15 years Subscriber acquisition cost 2-6 years Electricity production license 20 years |
Business Combinations (Tables)
Business Combinations (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Business combinations | |
Summary of detailed information about business combination | Total consideration amount 258,584 - Cash consideration amount 249,719 - Contingent and deferred consideration amount 8,865 Net assets acquired (230,835) Goodwill 27,749 The fair values of identifiable assets and liabilities in accordance with IFRS 3 arising from the acquisition are as follows: Cash and cash equivalents 15,039 Other current assets 15,528 Property, plant and equipment 342,889 Intangible assets 631,093 Other non-current assets 449 Borrowings (411,129) Trade and other payables (21,326) Due to related parties (6,794) Provisions (100) Employee benefit obligations (208) Deferred tax liabilities (131,966) Other liabilities (202,640) Fair value of total identifiable net assets (100%) 230,835 The details of cash outflow due to acquisition are as follows: Total consideration - cash 249,719 Cash and cash equivalents - acquired (15,039) Cash outflow due to acquisition (net) 234,680 |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of operating segment information | Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Total segment revenue 91,952,843 77,951,747 2,625,686 2,673,057 4,568,674 3,545,379 10,161,753 13,558,486 (2,192,772) (4,241,823) 107,116,184 93,486,846 Inter-segment revenue (782,421) (415,145) (151,112) (238,906) (415,271) (264,840) (843,968) (3,322,932) 2,192,772 4,241,823 - - Revenues from external customers 91,170,422 77,536,602 2,474,574 2,434,151 4,153,403 3,280,539 9,317,785 10,235,554 - - 107,116,184 93,486,846 Adjusted EBITDA 40,663,472 32,770,610 972,856 891,194 1,607,534 1,749,526 887,860 1,298,333 (254,608) (101,932) 43,877,114 36,607,731 IFRS 9 impairment loss provision (920,417) (557,550) (6,055) (5,003) (81,981) (57,339) 289 (2,086) - - (1,008,164) (621,978) Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Total segment revenue 77,951,747 90,008,603 2,673,057 2,667,171 3,545,379 3,550,776 13,558,486 15,775,237 (4,241,823) (3,402,143) 93,486,846 108,599,644 Inter-segment revenue (415,145) (580,385) (238,906) (278,079) (264,840) (202,695) (3,322,932) (2,340,984) 4,241,823 3,402,143 - - Revenues from external customers 77,536,602 89,428,218 2,434,151 2,389,092 3,280,539 3,348,081 10,235,554 13,434,253 - - 93,486,846 108,599,644 Adjusted EBITDA 32,770,610 40,815,431 891,194 859,130 1,749,526 2,119,639 1,298,333 1,305,889 (101,932) (156,908) 36,607,731 44,943,181 IFRS 9 impairment loss provision (557,550) (803,560) (5,003) (8,632) (57,339) (31,771) (2,086) (3,072) - - (621,978) (847,035) 31 December 31 December 31 December 2023 2022 2021 Profit for the period 10,562,572 6,036,486 6,416,898 Add/(Less): Income tax expense (4,675,891) (2,785,265) 900,339 Finance income (12,663,682) (3,957,684) (11,527,996) Finance costs 19,931,617 11,949,156 21,308,035 Other income (882,782) (348,611) (356,404) Other expenses 5,648,334 1,406,976 2,010,123 Monetary (gain) loss (3,816,872) (7,767,102) (4,804,527) Depreciation and amortization 31,298,993 32,595,996 31,188,016 Share of loss/(gain) of equity accounted investees (1,525,175) (522,221) (191,303) Consolidated adjusted EBITDA 43,877,114 36,607,731 44,943,181 |
Summary of Geographical Information | In presenting the information based on geographical segments, segment revenue is based on the geographical location of operations and segment assets are based on the geographical location of the assets. 31 December 31 December 31 December 2023 2022 2021 Revenues Turkiye 104,641,610 91,052,696 106,210,552 Belarus 1,384,585 1,540,091 1,375,795 Turkish Republic of Northern Cyprus 1,058,155 855,064 959,667 Netherlands 31,834 38,995 53,630 107,116,184 93,486,846 108,599,644 31 December 31 December 2023 2022 Non-current assets Turkiye 140,298,871 141,507,693 Ukraine - 12,651,476 Belarus 746,265 1,229,643 Turkish Republic of Northern Cyprus 3,047,815 1,626,546 Unallocated non-current assets 444,146 661,238 144,537,097 157,676,596 |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Revenue | Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Telecommunication services 86,033,365 73,395,928 2,285,955 2,276,114 - - - - (200,732) (171,130) 88,118,588 75,500,912 Equipment revenues 4,981,916 4,119,171 183,095 177,001 - - 6,315,781 6,886,804 (86,055) (38,758) 11,394,737 11,144,218 Revenue from financial services - - - - 4,568,674 3,545,379 - - (415,271) (264,840) 4,153,403 3,280,539 Other 937,562 436,648 156,636 219,942 - - 3,845,972 6,671,682 (1,490,714) (3,767,095) 3,449,456 3,561,177 Total 91,952,843 77,951,747 2,625,686 2,673,057 4,568,674 3,545,379 10,161,753 13,558,486 (2,192,772) (4,241,823) 107,116,184 93,486,846 Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Telecommunication services 73,395,928 85,301,533 2,276,114 2,101,368 - - - - (171,130) (210,861) 75,500,912 87,192,040 Equipment revenues 4,119,171 4,111,543 177,001 299,230 - - 6,886,804 9,496,810 (38,758) (164,771) 11,144,218 13,742,812 Revenue from financial services - - - - 3,545,379 3,550,776 - - (264,840) (202,715) 3,280,539 3,348,061 Other 436,648 595,527 219,942 266,573 - - 6,671,682 6,278,427 (3,767,095) (2,823,796) 3,561,177 4,316,731 Total 77,951,747 90,008,603 2,673,057 2,667,171 3,545,379 3,550,776 13,558,486 15,775,237 (4,241,823) (3,402,143) 93,486,846 108,599,644 |
Summary of Revenue by Recognition | 31 December 2023 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 86,033,365 2,285,955 - - (200,732) 88,118,588 At a point in time 1,456,376 66,933 - - (105) 1,523,204 Over time 84,576,989 2,219,022 - - (200,627) 86,595,384 Equipment Related 4,981,916 183,095 - 6,315,781 (86,055) 11,394,737 At a point in time 4,468,575 183,095 - 6,315,781 (86,055) 10,881,396 Over time 513,341 - - - - 513,341 Revenue from financial operations - - 4,568,674 - (415,271) 4,153,403 At a point in time - - 2,224,526 - (376,108) 1,848,418 Over time - - 2,344,148 - (39,163) 2,304,985 Call Center - - - - - - At a point in time - - - - - - Over time - - - - - Other 937,562 156,636 - 3,845,972 (1,490,714) 3,449,456 At a point in time 376 31,177 - 116,102 (52) 147,603 Over time 937,186 125,459 - 3,729,870 (1,490,662) 3,301,853 Total 91,952,843 2,625,686 4,568,674 10,161,753 (2,192,772) 107,116,184 At a point in time 5,925,327 281,205 2,224,526 6,431,883 (462,320) 14,400,621 Over time 86,027,516 2,344,481 2,344,148 3,729,870 (1,730,452) 92,715,563 31 December 2022 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 73,395,928 2,276,114 - - (171,130) 75,500,912 At a point in time 631,113 78,495 - - (229) 709,379 Over time 72,764,815 2,197,619 - - (170,901) 74,791,533 Equipment Related 4,119,171 177,001 - 6,886,804 (38,758) 11,144,218 At a point in time 3,677,042 177,001 - 6,886,804 (38,758) 10,702,089 Over time 442,129 - - - - 442,129 Revenue from financial operations - - 3,545,379 - (264,840) 3,280,539 At a point in time - - 1,621,746 - (264,832) 1,356,914 Over time - - 1,923,633 - (8) 1,923,625 Call Center - - - - - - At a point in time - - - - - - Over time - - Other 436,648 219,942 - 6,671,682 (3,767,095) 3,561,177 At a point in time 11,844 6,718 - 66,890 (9,103) 76,349 Over time 424,804 213,224 - 6,604,792 (3,757,992) 3,484,828 Total 77,951,747 2,673,057 3,545,379 13,558,486 (4,241,823) 93,486,846 At a point in time 4,319,999 262,214 1,621,746 6,953,694 (312,922) 12,844,731 Over time 73,631,748 2,410,843 1,923,633 6,604,792 (3,928,901) 80,642,115 6. Revenue (continued) 31 December 2021 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 85,301,533 2,101,368 - - (210,861) 87,192,040 At a point in time 863,151 70,605 - - (3) 933,753 Over time 84,438,382 2,030,763 - - (210,858) 86,258,287 Equipment Related 4,111,543 299,230 - 9,496,810 (164,771) 13,742,812 At a point in time 3,332,725 299,230 - 9,496,810 (164,771) 12,963,994 Over time 778,818 - - - - 778,818 Revenue from financial operations - - 3,550,776 - (202,715) 3,348,061 At a point in time - - 1,389,624 - (202,715) 1,186,909 Over time - - 2,161,152 - - 2,161,152 Call Center - - - - - - At a point in time - - - - - - Over time - - - Other 595,527 266,573 - 6,278,427 (2,823,796) 4,316,731 At a point in time 18,547 950 - 151,371 (9,939) 160,929 Over time 576,980 265,623 - 6,127,056 (2,813,857) 4,155,802 Total 90,008,603 2,667,171 3,550,776 15,775,237 (3,402,143) 108,599,644 At a point in time 4,214,423 370,785 1,389,624 9,648,181 (377,428) 15,245,585 Over time 85,794,180 2,296,386 2,161,152 6,127,056 (3,024,715) 93,354,059 |
Other income and expense (Table
Other income and expense (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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Schedule of other operating income and expense | 31 December 31 December 31 December 2023 2022 2021 Depositary reimbursement 108,861 104,532 139,732 Insurance compensation 273,843 - - Income from equipment donations 205,045 - - Rent income 26,507 38,740 37,350 Non-interest income from banks 891 17,194 28,062 Other 267,635 188,145 151,260 Other income 882,782 348,611 356,404 Revaluation tax expense (1,500) (415,341) - Donation expenses (*) (3,919,568) (267,861) (278,463) Litigation expenses (738,268) (156,018) (1,124,058) Loss on modification of lease contract (146,563) (172,408) (147,959) Loss on sale of fixed assets (15,981) (35,502) 98,440 Restructuring cost (462,741) (12,116) - Other (363,713) (347,730) (558,084) Other expense (5,648,334) (1,406,976) (2,010,123) (*) The donation expenses mainly relate to the donation payment made on February 6, 2023, following the devastating Southeastern Turkiye Earthquakes. This donation payment was made in accordance with the opportunity granted by the Capital Markets Board’s decision dated February 9, 2023. |
Employee benefit expenses (Tabl
Employee benefit expenses (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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Summary of employee benefit expenses | 31 December 2023 31 December 2022 31 December 2021 Wages and salaries (*) 13,836,698 9,691,385 10,477,300 Defined benefit plans (**) 306,677 138,841 163,294 Defined contribution plans 75,500 105,964 109,411 14,218,875 9,936,190 10,750,005 (*) Wages and salaries include compulsory social security contributions, bonuses and share based payments. (**) Remeasurements of defined benefit plans for the years ended 31 December 2023, 2022 and 2021 amounting to TL 149,757, TL 1,824,873 and TL 541,628 respectively are reflected in other comprehensive income. |
Finance income and costs (Table
Finance income and costs (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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Summary of finance income and costs | Recognized in the statement of profit or loss: 31 December 31 December 31 December 2023 2022 2021 Interest income 3,118,511 2,126,478 2,211,740 Income from financial assets carried at fair value 4,604,960 1,738,728 - Cash flow hedges – reclassified to profit or loss 3,287,562 - 5,831,714 Net fair value gains on derivative financial instruments and interest 1,144,406 - 3,361,847 Other 508,243 92,478 122,695 Finance income 12,663,682 3,957,684 11,527,996 Net foreign exchange losses (14,016,423) (7,155,055) (18,399,847) Net interest expenses for financial assets and liabilities measured at amortized cost (5,837,283) (4,269,930) (2,817,322) Net fair value losses on derivative financial instruments and interest - (6,580,717) - Cash flow hedges - reclassified to profit or loss - 6,253,680 - Other (77,911) (197,134) (90,866) Finance costs (19,931,617) (11,949,156) (21,308,035) Monetary gain (loss) 3,816,872 7,767,102 4,804,527 Net finance costs (3,451,063) (224,370) (4,975,512) |
Income tax expense (Tables)
Income tax expense (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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Summary of Income Tax Expense | 31 December 31 December 31 December 2023 2022 2021 Current income tax expense (683,059) (864,540) (1,931,842) Deferred income tax income 5,358,950 3,649,805 1,031,503 Total income tax income/ (expense) 4,675,891 2,785,265 (900,339) |
Summary of Income Tax Relating to Each Component of Other Comprehensive Income | Tax (expense) / 31 December 2023 Before tax benefit Net of tax Foreign currency translation differences 2,860,231 (491,059) 2,369,172 Change in cash flow hedge reserve 1,573,196 25,502 1,598,698 Change in cost of hedging reserve (389,364) 274,034 (115,330) Fair value reserve 149,602 (5,514) 144,088 Hedges of net investments in foreign operations (2,342,679) 1,181,457 (1,161,222) Remeasurements of defined benefit plans (149,757) 152,178 2,421 1,701,229 1,136,598 2,837,827 Tax (expense) / 31 December 2022 Before tax benefit Net of tax Foreign currency translation differences (748,669) (887,185) (1,635,854) Change in cash flow hedge reserve 2,286,823 (89,836) 2,196,987 Change in cost of hedging reserve (2,170,669) 434,134 (1,736,535) Fair value reserve (121,999) 35,988 (86,011) Hedges of net investments in foreign operations (520,930) 440,135 (80,795) Remeasurements of defined benefit plans (1,824,873) 363,876 (1,460,997) (3,100,317) 297,112 (2,803,205) Tax (expense) / 31 December 2021 Before tax benefit Net of tax Foreign currency translation differences 7,164,377 (2,330,871) 4,833,506 Change in cash flow hedge reserve 987,969 (86,967) 901,002 Change in cost of hedging reserve (3,879,104) 775,821 (3,103,283) Fair value reserve (192,475) 38,164 (154,311) Hedges of net investments in foreign operations (3,886,535) 843,616 (3,042,919) Remeasurements of defined benefit plans (541,628) 108,418 (433,210) (347,396) (651,819) (999,215) |
Summary of Reconciliation of Effective Income Tax Expense | 31 December 31 December 31 December 2023 2022 2021 Profit from continuing operations before income tax expense 5,886,681 3,251,221 7,317,237 Profit before income tax expense 5,886,681 3,251,221 7,317,237 Tax at the Turkiye’s tax rate (2023: 25%, 2022:23%, 2021:25%) (1,471,670) (747,781) (1,829,309) Difference in overseas tax rates 101,983 146,513 (10,798) Effect of exemptions (*) 1,973,510 1,242,440 595,597 Effect of permanent differences (629,884) (438,771) (1,327,320) Change in unrecognized deferred tax assets 308,452 (333,765) (17,970) Adjustments for current tax of prior years 83,383 15,957 (13,845) Effect of increase in corporate tax rate in Turkiye (1,066,740) 388,104 709,471 Tax effect of investment in associate and joint venture (410,523) (78,213) (28,729) Tax effect of Law No. 7440 (**) (282,582) - - Inflation adjustments 6,066,324 2,593,980 1,016,811 Other 3,638 (3,199) 5,753 Total income tax income/ (expense) 4,675,891 2,785,265 (900,339) (*) Effect of exemptions mainly consist of R&D discounts and exemptions due to capital investments. (**) In accordance with the Law No. 7440 on the “Restructuring of Certain Receivables and Amending Certain Laws” published in the Official Gazette on 12 March 2023, it has been decided that an additional tax of 10% should be calculated over the deduction amounts (included in 2022 tax returns) and tax bases subject to reduced corporate tax. |
Expenses by nature (Tables)
Expenses by nature (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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Summary of Expenses by Cost of Sales | Breakdown of expenses by nature for the years ended 31 December 2023, 2022 and 2021 is as follows: Cost of revenue: 31 December 31 December 31 December 2023 2022 2021 Depreciation and amortization (*) (31,298,993) (32,595,996) (31,188,016) Cost of goods sold (10,695,191) (10,782,150) (13,866,996) Share of Turkish Treasury (9,290,270) (7,790,546) (9,322,838) Employee benefit expenses (8,447,593) (6,005,316) (6,613,847) Interconnection and termination expenses (3,955,527) (5,191,849) (7,236,584) Energy expenses (3,676,829) (4,654,112) (2,830,773) Radio expenses (1,368,805) (924,245) (674,525) Frequency expenses (3,424,766) (2,855,179) (3,417,467) Transmission expenses (1,465,349) (1,535,063) (1,659,329) Roaming expenses (1,134,820) (1,097,382) (1,023,156) Universal service fund (1,242,404) (1,085,290) (1,283,039) Cost of revenue from financial services (**) (1,850,910) (1,065,549) (732,206) Internet expenses (1,186,248) (1,252,704) (1,140,267) Other (5,380,330) (4,845,548) (5,149,024) (84,418,035) (81,680,929) (86,138,067) (*) As at 31 December 2023, depreciation and amortization expenses include depreciation and amortization expenses related to the financial services amounting to TL 326,869 (31 December 2022: TL 254,701 and 31 December 2021: TL 270,680). (**) As at 31 December 2023, cost of revenue from financial services includes employee benefit expenses related to the financial services amounting to TL 186,363 (31 December 2022: TL 132,286 and 31 December 2021: TL 103,546). |
Summary of Expenses by Nature Selling and Marketing Expenses | Selling and marketing expenses: 31 December 31 December 31 December 2023 2022 2021 Employee benefit expenses (3,139,523) (2,109,509) (2,282,240) Marketing expenses (1,969,736) (1,799,885) (2,164,820) Selling expenses (306,716) (363,264) (444,519) Other (266,371) (320,135) (309,455) (5,682,346) (4,592,793) (5,201,034) |
Summary of Expenses by Nature Administrative Expenses | 11. Expense by nature (continued) Administrative expenses: 31 December 31 December 31 December 2023 2022 2021 Employee benefit expenses (2,445,396) (1,689,078) (1,750,372) Consultancy expenses (206,083) (227,975) (286,278) Service expenses (157,661) (137,727) (127,040) Maintenance and repair expenses (71,752) (87,404) (88,217) Collection expenses (128,861) (90,042) (123,873) Travel and entertainment expenses (83,402) (62,856) (50,361) Utility expenses (8,006) (39,407) (23,611) Other (328,357) (244,922) (208,591) (3,429,518) (2,579,411) (2,658,343) |
Summary of Net Impairment Losses on Financial and Contract Assets | Net impairment losses on financial and contract assets: 31 December 31 December 31 December 2023 2022 2021 Net impairment losses on financial and contract assets (1,008,164) (621,978) (847,035) (1,008,164) (621,978) (847,035) |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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Summary of Property, Plant and Equipment | Impairment Transfer from Effects of Balance at Balance at Assets held expenses/ investment movements in 31 December Cost 1 January 2023 Additions Disposals Transfers for sale (reversals) property exchange rates 2023 Network infrastructure (All operational) 188,873,033 5,407,763 (2,745,510) 7,440,574 (14,934,868) - - (2,210,749) 181,830,243 Land and buildings 10,002,000 1,505,727 (22,560) 52,430 (99,423) - 141,411 (113,337) 11,466,248 Equipment, fixtures and fittings 11,305,347 1,173,745 (178,394) 322,061 (172,585) - - (480,268) 11,969,906 Motor vehicles 173,393 30,696 (8,342) 204 (2,474) - - (5,021) 188,456 Leasehold improvements 3,741,428 70,672 (546) (3) (25,188) - - (2,133) 3,784,230 Electricity production power plant 339,138 - - - - - - - 339,138 Construction in progress 3,820,328 7,215,635 (92,076) (8,338,415) (366,813) 874 - 198,860 2,438,393 Total 218,254,667 15,404,238 (3,047,428) (523,149) (15,601,351) 874 141,411 (2,612,648) 212,016,614 Accumulated depreciation Network infrastructure (All operational) 130,110,166 9,081,063 (2,719,073) - (9,582,040) (23,686) - (87,384) 126,779,046 Land and buildings 1,981,910 678,931 (8,244) - (70,158) (219) 113,520 163,255 2,858,995 Equipment, fixtures and fittings 11,097,747 2,117,619 (127,038) - (126,994) (14) - (825,232) 12,136,088 Motor vehicles 161,429 31,412 (7,915) - (2,057) - - (4,811) 178,058 Leasehold improvements 3,384,838 36,514 - - (22,211) - - (1,471) 3,397,670 Electricity production power plant 24,181 17,093 - - - - - (24,763) 16,511 Total 146,760,271 11,962,632 (2,862,270) - (9,803,460) (23,919) 113,520 (780,406) 145,366,368 Net book value 71,494,396 3,441,606 (185,158) (523,149) (5,797,891) 24,793 27,891 (1,832,242) 66,650,246 Impairment Transfer to Effects of Balance at Balance at expenses/ investment movements in 31 December Cost 1 January 2022 Additions Disposals Transfers (reversals) property exchange rates 2022 Network infrastructure (All operational) 188,204,239 6,055,634 (3,210,322) 7,011,308 - - (9,187,826) 188,873,033 Land and buildings 10,729,703 554,894 (3,045) 3,490 - (849,429) (433,613) 10,002,000 Equipment, fixtures and fittings 10,962,783 1,178,734 (510,040) 115,030 - - (441,160) 11,305,347 Motor vehicles 182,643 - (2,150) 938 - - (8,038) 173,393 Leasehold improvements 3,749,640 48,300 (37,712) 1,064 - - (19,864) 3,741,428 Electricity production power plant (Note 3) 342,283 - - - - - (3,145) 339,138 Construction in progress 3,421,878 7,775,969 (60,327) (7,131,830) 11,621 - (196,983) 3,820,328 Total 217,593,169 15,613,531 (3,823,596) - 11,621 (849,429) (10,290,629) 218,254,667 Accumulated depreciation Network infrastructure (All operational) 124,789,832 12,829,570 (2,317,913) - 303,986 - (5,495,309) 130,110,166 Land and buildings 2,543,152 381,603 - - 348 (731,185) (212,008) 1,981,910 Equipment, fixtures and fittings 10,429,522 1,729,653 (372,532) - 13,146 - (702,042) 11,097,747 Motor vehicles 159,896 11,534 (2,154) - - - (7,847) 161,429 Leasehold improvements 3,405,584 30,302 (36,420) - 41 - (14,669) 3,384,838 Electricity production power plant (Note 3) 6,394 17,227 - - - - 560 24,181 Total 141,334,380 14,999,889 (2,729,019) - 317,521 (731,185) (6,431,315) 146,760,271 Net book value 76,258,789 613,642 (1,094,577) - (305,900) (118,244) (3,859,314) 71,494,396 |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Intangible Assets and Goodwill | Impairment Effects of Balance at Balance at Assets held expenses/ movements in 31 December Cost 1 January 2023 Additions Disposals Transfers for sale (reversals) exchange rates 2023 Telecommunication licenses 70,152,194 3,613,018 (59,797) 181,814 (5,149,479) - (430,834) 68,306,916 Computer software 95,767,623 7,908,723 (173,279) 453,280 (1,359,776) - 1,087,039 103,683,610 Transmission line software 1,030,729 972 (3,688) - - - 25,231 1,053,244 Indefeasible right of usage 1,012,694 2,943 - - - - - 1,015,637 Brand name 11,292 53 (49) 188 (614) - (102) 10,768 Customer base 48,967 - - - - - (9,872) 39,095 Goodwill 419,754 - - - - (7,176) (4,649) 407,929 Subscriber acquisition cost 34,103,021 5,031,195 (125,098) - (575,070) - 84,049 38,518,097 Electricity production license 709,869 - - - - - (41,875) 667,994 Others 1,118,057 164,935 (860) (23,060) (161) - (11,527) 1,247,384 Construction in progress 75,914 371,418 (132,947) (89,073) (869) - 37,781 262,224 Total 204,450,114 17,093,257 (495,718) 523,149 (7,085,969) (7,176) 735,241 215,212,898 Accumulated amortization Telecommunication licenses 47,255,448 4,275,416 (4,766) - (3,194,034) 3 (244,068) 48,087,999 Computer software 72,926,450 6,425,747 (135,165) - (204,567) 15,716 980,719 80,008,900 Transmission line software 1,015,248 26,303 (3,688) - - - 5,381 1,043,244 Indefeasible right of usage 579,827 63,302 - - - - (454) 642,675 Brand name 16,512 65 (21) - (340) - (6,401) 9,815 Customer base 35,051 2,005 - - - - (8,714) 28,342 Subscriber acquisition cost 20,368,047 6,382,401 (125,098) - (387,076) - (267,239) 25,971,035 Electricity production license 9,938 30,167 - - - - 12,338 52,443 Others 744,858 130,809 (821) - (147) 477 (18,128) 857,048 Total 142,951,379 17,336,215 (269,559) - (3,786,164) 16,196 453,434 156,701,501 Net book value 61,498,735 (242,958) (226,159) 523,149 (3,299,805) (23,372) 281,807 58,511,397 13. Intangible assets (continued) Impairment Effects of Balance at Balance at expenses/ movements in 31 December Cost 1 January 2022 Additions Disposals Transfers (reversals) exchange rates 2022 Telecommunication licenses 73,385,234 1,664 (57,933) 1,504 - (3,178,275) 70,152,194 Computer software 89,532,740 5,779,710 (280,355) 340,680 - 394,848 95,767,623 Transmission line software 988,369 1,112 - - - 41,248 1,030,729 Indefeasible right of usage 1,012,694 - - - - - 1,012,694 Brand name 13,996 611 (545) 124 - (2,894) 11,292 Customer base 65,107 - - - - (16,140) 48,967 Goodwill 427,353 - - - - (7,599) 419,754 Subscriber acquisition cost 29,629,666 4,875,036 (111,624) - - (290,057) 34,103,021 Electricity production license (Note 3) 778,332 - - - - (68,463) 709,869 Others 935,930 200,535 (733) 3 - (17,678) 1,118,057 Construction in progress 127,424 294,093 (590) (342,311) - (2,702) 75,914 Total 196,896,845 11,152,761 (451,780) - - (3,147,712) 204,450,114 Accumulated amortization Telecommunication licenses 44,068,178 4,523,381 (3,162) - 506 (1,333,455) 47,255,448 Computer software 66,868,545 5,737,378 (272,867) - 101,269 492,125 72,926,450 Transmission line software 1,001,840 31,887 - - (16,604) (1,875) 1,015,248 Indefeasible right of usage 522,256 58,315 - - - (744) 579,827 Brand name 27,544 117 (394) - - (10,755) 16,512 Customer base 49,300 - - - - (14,249) 35,051 Subscriber acquisition cost 15,840,829 5,010,502 (111,624) - - (371,660) 20,368,047 Electricity production license (Note 3) 9,154 - - - - 784 9,938 Others 591,074 156,050 (733) - 545 (2,078) 744,858 Total 128,978,720 15,517,630 (388,780) - 85,716 (1,241,907) 142,951,379 Net book value 67,918,125 (4,364,869) (63,000) - (85,716) (1,905,805) 61,498,735 |
Investment properties (Tables)
Investment properties (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Increase (Decrease) in Fair Value | 31 December 31 December 2023 2022 Cost Opening balance 1,329,958 737,031 Disposal - (256,502) Transfer from property, plant and equipment (141,411) 849,429 Closing balance 1,188,547 1,329,958 Accumulated depreciation Opening balance 1,150,873 555,938 Transfer from property, plant and equipment (113,520) 731,185 Depreciation and impairment charges during the year 8,829 34,428 Disposal - (170,678) Closing balance 1,046,182 1,150,873 Net book value 142,365 179,085 |
Summary of Investment Properties and Information About Fair Value Hierarchy | 31 December 2023 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone - - 164,000 Discounted cash flow Investment properties in Ankara - 96,700 - Market approach Investment properties in Adana - 24,500 - Market approach Investment properties in Aydın - 16,000 - Market approach Total - 137,200 164,000 31 December 2022 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone - - 162,895 Discounted cash flow Investment properties in Ankara - 96,392 - Market approach Investment properties in Adana - 21,420 - Market approach Investment properties in Istanbul - 10,710 - Market approach Investment properties in Aydın - 14,253 - Market approach Total - 142,775 162,895 |
Right-of-use assets (Tables)
Right-of-use assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Closing Balances of Right-of-use Assets and Depreciation and Amortization Expenses | Closing balances of right-of-use assets as of 31 December 2023 and 31 December 2022 and depreciation and amortization expenses for the years ended 31 December 2023 and 31 December 2022 are as follows: Tangible Intangible Network Tangible Right of Intangible Site Rent Building equipment Vehicles Other Total way License Total Total Balance at 1 January 2023 4,642,828 1,141,005 226,757 300,524 336,252 6,647,366 360,474 1,046,465 1,406,939 8,054,305 Depreciation and amortization charge for the year (2,132,213) (314,369) (1,007,606) (178,464) (277,450) (3,910,102) (79,859) (169,508) (249,367) (4,159,469) Balance at 31 December 2023 3,865,774 1,273,779 205,097 144,619 224,488 5,713,757 421,586 749 422,335 6,136,092 Tangible Intangible Network Tangible Right of Intangible Site Rent Building equipment Vehicles Other Total way License Total Total Balance at 1 January 2022 5,545,497 1,150,710 907,565 499,852 378,787 8,482,411 167,881 1,709,644 1,877,525 10,359,936 Depreciation and amortization charge for the year (2,487,303) (276,268) (1,081,663) (187,731) (327,661) (4,360,626) (86,992) (195,442) (282,434) (4,643,060) Balance at 31 December 2022 4,642,828 1,141,005 226,757 300,524 336,252 6,647,366 360,474 1,046,465 1,406,939 8,054,305 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other assets | |
Schedule of other non-current assets | 31 December 31 December Other non-current assets 2023 2022 Advances given for property, plant and equipment 3,377,893 4,166,670 Deposits and guarantees given 599,170 616,999 Prepaid expenses 373,192 441,306 VAT receivable 80,015 83,484 Others 154 59,711 4,430,424 5,368,170 |
Schedule of other current assets | 31 December 31 December Other current assets 2023 2022 VAT receivable 1,230,366 964,020 Prepaid expenses 1,070,710 753,825 Prepaid taxes 393,101 736,357 Blocked deposits 784,789 267,909 Receivables from the Ministry of Transport and Infrastructure of Turkiye 75,895 226,948 Advances given to suppliers 100,233 185,518 Receivables from tax office 116,912 3,137 Others 103,767 52,928 3,875,773 3,190,642 |
Deferred tax assets and liabi_2
Deferred tax assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Deferred tax assets and liabilities | |
Summary of Recognized Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities at 31 December 2023 and 2022 are attributable to the following: Assets Liabilities Net 2023 2022 2023 2022 2023 2022 Property, plant and equipment and intangible assets 1,352,654 1,081,120 (7,085,009) (12,513,875) (5,732,355) (11,432,755) Derivative instruments 38,805 49,808 (617,192) (902,064) (578,387) (852,256) Reserve for defined benefit plans and provisions 1,413,779 750,939 (29,350) (12,763) 1,384,429 738,176 Tax losses carried forward 1,638,003 3,812,018 - - 1,638,003 3,812,018 Tax allowances 577,944 159,793 - (1,089) 577,944 158,704 Other assets and liabilities (*) 1,718,830 1,713,733 (165,879) (396,290) 1,552,951 1,317,443 Deferred tax assets/(liabilities) 6,740,015 7,567,411 (7,897,430) (13,826,081) (1,157,415) (6,258,670) Offsetting (5,611,266) (4,834,998) 5,611,266 4,834,998 - - Net deferred tax assets/(liabilities) 1,128,749 2,732,413 (2,286,164) (8,991,083) (1,157,415) (6,258,670) (*) Mainly comprises of loans, bonds, prepaid expenses and lease liabilities’ deferred tax effects. |
Summary of Movement in Temporary Differences | Movement in deferred tax assets/ (liabilities) for the years ended 31 December 2023 and 2022 were as follows: 2023 2022 Opening balance, net (6,258,670) (9,005,440) Income tax income 5,358,950 3,649,805 Tax charge relating to components of other comprehensive income 1,136,598 297,112 Transferred to assets held for sale (Note 41) (1,315,876) - Exchange differences (78,417) (1,200,147) Closing balance, net (1,157,415) (6,258,670) |
Summary of Expiration of Unused Tax Losses | Unused tax losses will expire at the following dates: Expiration Date Amount 2024 1,120,896 2025 3,893,414 2026 153,032 2027 2,181,097 2028 595,424 2030 247,881 2031 308,009 Indefinite 33,434 Total 8,533,187 |
Trade receivables (Tables)
Trade receivables (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Trade receivables. | |
Summary of Trade Receivables | 31 December 31 December 2023 2022 Receivables from subscribers 6,950,428 6,422,491 Undue assigned contracted receivables 624,799 856,167 Accounts and notes receivable 3,350,418 3,703,559 10,925,645 10,982,217 |
Receivables from financial se_2
Receivables from financial services (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Schedule of Receivables From Financial Services | 31 December 31 December 2023 2022 Non-current receivables from financial services 593,550 469,830 Current receivables from financial services 5,842,112 5,399,259 6,435,662 5,869,089 |
Contract assets (Tables)
Contract assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Contract Assets | 31 December 31 December 2023 2022 Non-current contract assets 101,281 110,487 Current contract assets 3,191,739 3,112,465 3,293,020 3,222,952 |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Cash and cash equivalents | |
Schedule of Cash and Cash Equivalents | 31 December 31 December 2023 2022 Cash in hand 335 591 Banks 50,025,071 42,823,111 - Demand deposits 4,215,677 3,598,726 - Time deposits 45,809,394 33,120,932 - Receivables from reverse repo - 6,103,453 Impairment loss provision (46,690) (47,542) 49,978,716 42,776,160 |
Reconciliation of cash and cash equivalents | 31 December 31 December 2023 2022 Cash and cash equivalents 49,978,716 42,776,160 Interest accrual of cash and cash equivalents (171,284) (33,956) Asset held for sale 4,017,443 — Total 53,824,875 42,742,204 |
Financial assets (Tables)
Financial assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Financial assets | |
Summary of detailed information about financial assets | The details of financial assets as of 31 December 2023 and 2022 are as follows: 31 December 2023 31 December 2022 Non- Non- current Current current Current Amortized cost - - - 1,233,597 - Time deposits with maturity of more than three months - - - 1,233,597 Fair value through profit or loss 541,490 8,869,828 426,147 6,648,418 - Currency protected time deposits (**) - 8,869,828 - 6,648,418 - Investment funds (***) 541,490 - 426,147 - Fair value through other comprehensive income 106,023 - 3,049,667 - - Listed debt securities (*) 106,023 - 3,049,667 - 647,513 8,869,828 3,475,814 7,882,015 (*) (**) In order to prioritize the TL in deposit preferences of savers and to increase the share of TL in banks’ balance sheets, the foreign currency protected deposit and participation account (“CPTD”) scheme was introduced in December 2021 by Ministry of Treasury and Finance of Turkiye (“MoTF”). The CPTD scheme consists of TL accounts to be opened under the support of the MoTF and conversions from foreign currency (FX) deposits to TL accounts to be supported by the CBRT. Savings of TL depositors are hedged against the exchange rate risk with the CPTD scheme supported by the MoTF. The CBRT-supported scheme enables FX deposit account holders to switch to TL deposit accounts. Depositors switching to TL accounts from their foreign currency accounts under the support of the CBRT will be able to continue to hedge their savings against the exchange rate risk by using the MoTF supported scheme at the end of the maturity period. Currency-protected time deposit accounts are classified as financial assets at fair value through profit or loss. The Group has converted its foreign currency deposit account amounting to USD 190,356 and EUR 85,000 into “Currency Protected TL Time Deposit Accounts”. Maturity of currency protected time deposit accounts is 1 year. (***) Investment funds mainly include Turkcell GSYF, established by Re-Pie., and its associate and financial assets which is carried at fair value and valuation differences are recognized in profit or loss. Fair Values 31 December 31 December Fair value 2023 2022 hierarchy Valuation technique Financial assets at fair value through other comprehensive income 106,023 3,049,667 Level 1 Pricing models based on quoted market prices at the end of the reporting period, Financial assets at fair value through profit or loss 82,311 32,925 Level 1 Pricing models based on quoted market prices at the end of the reporting period, Financial assets at fair value through profit or loss 8,869,828 6,648,418 Level 2 Forward exchange rates at the reporting date Financial assets at fair value through profit or loss 459,179 393,222 Level 3 Pricing models based on discounted cash flow 9,517,341 10,124,232 |
Summary of Nominal And Fair Value Of Financial Assets | As of 31 December 2023, and 2022, the notional and fair value amounts of listed debt securities are as follows: 31 December 2023 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 73,426 106,023 Indefinite Total listed debt securities 106,023 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity EUR 24,000 777,764 16 February 2026 EUR 15,000 459,852 8 July 2027 EUR 5,000 164,732 11 April 2023 USD 3,700 120,802 31 March 2025 USD 21,000 644,610 14 July 2023 USD 18,000 508,090 25 March 2027 USD 5,000 161,123 13 November 2025 USD 3,000 92,001 25 January 2023 USD 1,000 30,549 10 August 2024 USD 50,000 90,144 Indefinite Total listed debt securities 3,049,667 As of 31 December 2023 and 2022, the notional and fair value amounts of currency protected time deposits are as follows: 31 December 2023 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 1,191,635 1,732,409 22 February 2024 TL 1,071,635 1,722,282 26 February 2024 TL 955,742 1,155,750 27 February 2024 TL 599,368 715,056 26 April 2024 TL 972,020 499,665 10 May 2024 TL 207,853 418,545 12 February 2024 TL 700,000 778,068 28 February 2024 TL 428,045 474,316 31 July 2024 TL 269,857 325,875 16 August 2024 TL 274,462 323,482 28 August 2024 TL 229,780 253,153 02 October 2024 TL 140,639 170,242 01 April 2024 TL 94,501 150,592 15 April 2024 TL 94,501 150,393 24 October 2024 Total currency protected time deposits 8,869,828 24. Financial assets (continued) 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 1,564,478 2,037,015 10 May 2023 TL 1,160,181 1,565,557 27 February 2023 TL 1,155,113 1,351,781 15 August 2023 TL 719,717 842,611 16 August 2023 TL 379,577 493,978 11 May 2023 TL 305,578 357,476 02 October 2023 Total currency protected time deposits 6,648,418 |
Summary of Gain Losses on Other Comprehensive Income | During the year, the following gains (losses) were recognized in other comprehensive income. 31 December 31 December 31 December 2023 2022 2021 Gains / (Losses) recognized in other comprehensive income Related to financial assets 149,602 (121,999) (192,475) Related to financial assets, tax effect (5,514) 35,988 38,164 144,088 (86,011) (154,311) |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Equity. | |
Summary of Shareholding Percentage | Companies with their shareholding percentage are as follows: 31 December 2023 31 December 2022 (%) TL (%) TL Public Share 53.95 1,187,004 53.95 1,187,004 TVF BTIH 26.20 576,400 26.20 576,400 IMTIS Holdings 19.80 435,600 19.80 435,600 Other 0.05 996 0.05 996 Total 100 2,200,000 100 2,200,000 Inflation adjustment to share capital 30,134,546 30,134,546 Inflation adjusted capital 32,334,546 32,334,546 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share | |
Summary of Basic and Diluted Earnings Per Share | 2023 2022 2021 Numerator: Profit attributable to owners of the Company 12,553,996 6,880,436 7,135,436 Denominator: Weighted average number of shares (*) 2,182,106,193 2,183,106,193 2,183,106,193 Basic and diluted earnings per share for profit attributable to owners of the Company (in full TL) 5.75 3.15 3.27 Numerator: Profit from continuing operations attributable to owners of the Company 10,584,322 6,038,066 6,416,709 Denominator: Weighted average number of shares (*) 2,182,106,193 2,183,106,193 2,183,106,193 Basic and diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL) 4.85 2.77 2.94 26. Earnings per share (continued) 2023 2022 2021 Numerator: Profit from discontinued operations attributable to owners of the Company 1,969,674 842,370 718,727 Denominator: Weighted average number of shares (*) 2,182,106,193 2,183,106,193 2,183,106,193 Basic and diluted earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL) 0.90 0.39 0.33 (*) Refer to Note 25 - Treasury shares |
Other non-current liabilities (
Other non-current liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other non-current liabilities | |
Disclosure of Other Non-Current Liabilities | 27. Other non-current liabilities 31 December 31 December 2023 2022 Liabilities to BeST investment agreement (*) 1,027,057 1,093,001 Consideration payable in relation to the acquisition of Boyut Enerji - 5,396 Deferred revenue 86,411 8,194 1,113,468 1,106,591 (*) The transfer of ownership of BeST’s 20% share in the Republic of Belarus was completed on 9 December 2022. On 30 November 2022, an agreement was signed between the Republic of Belarus, BeST and the Company for the development of telecommunications infrastructure, which covers the years 2022-2032 and involves a USD 100,000 obligation to be paid over a period of 10 years based on a minimum of 50% of the net profit earned by BeST, with the entire amount being paid by the Company to the Republic of Belarus if the specified amount is not reached at the end of the 10-year period. The liability recorded in the consolidated financial statements for the BeST investment agreement reflects the amortized cost value of future payments at the balance sheet date. The total future payments to be made is USD 100,000 (equivalent to TL 2,943,820 as of 31 December 2023) and will be paid depending on the financial performance of BeST. A discount rate of 14.99% was used in the amortized cost calculation. BeST expects the payment to be made in installments between 2027-2032 and changes in expected timing of payments is accounted within net interest expenses for financial assets and liabilities measured at amortized cost. |
Loans and borrowings (Tables)
Loans and borrowings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Loans and Borrowings | |
Summary of Borrowings | 31 December 31 December Long-term borrowings 2023 2022 Unsecured bank loans 25,494,990 25,793,259 Secured bank loans 3,950,491 3,775,341 Lease liabilities 1,655,783 3,595,270 Debt securities issued 26,845,384 28,021,429 57,946,648 61,185,299 Short-term borrowings Unsecured bank loans 19,569,422 21,207,113 Secured bank loans 773,762 1,393,368 Lease liabilities 771,805 1,438,923 Debt securities issued 5,022,572 3,512,682 26,137,561 27,552,086 |
Summary of Terms and Conditions of Outstanding Loans | Terms and conditions of outstanding loans are as follows: 31 December 2023 31 December 2022 Interest Payment Nominal Carrying Payment Nominal Carrying Currency rate type period interest rate amount period interest rate amount Unsecured Bank Loans EUR Floating 2024 - 2028 Euribor+ 2.0% -Euribor+ 4.0% 25,815,920 2023 - 2028 Euribor+ 2.0% -Euribor+ 2.3% 22,530,691 Unsecured Bank Loans TL Fixed 2024 - 2025 11.5% - 58.9% 11,942,103 2023 12.4% - 38.0% 12,822,981 Unsecured Bank Loans USD Floating 2024 - 2028 Sofr 2.2% 4,483,145 2023 - 2026 Libor+ 1.7% -Libor+ 2.2% 6,561,767 Unsecured Bank Loans UAH Fixed - - - 2023 - 2024 10.0% - 21.0% 2,354,892 Unsecured Bank Loans CNY Fixed 2024 - 2028 5.2% - 5.5% 2,261,585 2023 - 2028 3.7% - 5.5% 2,446,988 Unsecured Bank Loans EUR Fixed 2024 6.0% 345,431 - - - Unsecured Bank Loans USD Fixed 2024 - 2026 2.6% 200,371 2023 - 2026 2.6% 283,053 Unsecured Bank Loans BYR Fixed 2024 14.0% 15,857 - - - Secured bank loans USD Fixed 2024 - 2033 1.5% - 3.8% 3,872,474 2023 - 2032 1.5% - 3.8% 3,491,611 Secured bank loans USD Floating 2024 - 2028 Sofr+ 0.6% & Libor+ 1.6% 851,779 2023 - 2028 Libor+ 0.6% - Libor+ 1.6% 1,075,688 Secured bank loans UAH Fixed - - - 2023 16.4% - 19.5% 601,410 Debt securities issued USD Fixed 2024 - 2028 5.8% 28,430,710 2023 - 2028 5.8% 29,680,889 Debt securities issued TL Fixed 2024 29.5% - 45.0% 3,437,246 2023 20.3% - 25.5% 1,853,222 Lease liabilities TL Fixed 2024 - 2057 9.8% - 45.0% 1,569,795 2023 - 2048 9.8% - 45.0% 1,989,791 Lease liabilities UAH Fixed - - - 2023 - 2071 7.6% - 47.7% 1,892,521 Lease liabilities EUR Fixed 2024 - 2034 1.0% - 11.0% 407,907 2023 - 2034 1.0% - 10.3% 510,252 Lease liabilities BYN Fixed 2024 - 2037 10.8% - 20.0% 415,560 2023 - 2037 11.5% - 20.0% 509,575 Lease liabilities USD Fixed 2024 - 2052 3.9% - 11.6% 34,326 2023 - 2052 3.9% - 11.5% 132,054 84,084,209 88,737,385 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Employee Benefits Provisions | 31 December 31 December 2023 2022 Defined benefit plans provision 1,684,487 2,621,135 Unused vacation provision 367,838 328,351 2,052,325 2,949,486 |
Summary of Movement in Provision for Retirement Pay Liability | Movements in provision for retirement pay liability are as follows: 2023 2022 Balance at 1 January 2,621,135 1,391,572 Service cost 352,454 164,086 Past service cost 3,821 3,574 Remeasurements 149,757 1,824,873 Interest expense 162,917 185,615 Benefit payments (564,023) (111,268) Inflation adjustment (1,041,575) (837,317) Balance at 31 December 1,684,487 2,621,135 |
Summary of Sensitivity of Provision for Retirement Pay Liability to Changes in the Significant Actuarial Assumptions | 29. Employee benefits (continued) The sensitivity of provision for retirement pay liability to changes in the significant actuarial assumptions is: 31 December 2023 Interest Rate Inflation Rate Sensitivity Level 1% increase 1% decrease 1% increase 1% decrease Change in assumption (14.1) % 17.0 % 17.2 % (14.4) % Impact on provision for defined benefit plans (237,007) 286,194 290,406 (243,240) 31 December 2022 Interest Rate Inflation Rate Sensitivity Level 1% increase 1% decrease 1% increase 1% decrease Change in assumption (13.4) % 16.3 % 16.5 % (13.8) % Impact on provision for defined benefit plans (403,655) 498,016 495,395 (408,897) |
Contract liabilities (Tables)
Contract liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Current and Non-current Contract Liabilities | 31 December 31 December 2023 2022 Long-term contract liabilities 1,193,665 1,248,479 Short-term contract liabilities 1,312,519 1,401,669 2,506,184 2,650,148 |
Summary of Unsatisfied Performance Obligation of Contract Liabilities | The following table shows unsatisfied performance obligation result as of 31 December 2023; 31 December 31 December 2023 2022 Telecommunications service 2,100,700 3,039,176 Equipment revenues 933,916 1,399,868 3,034,616 4,439,044 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Non-current provision | |
Statement [LineItems] | |
Summary of Provisions | Non - Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2023 78,585 1,517,618 1,596,203 Provisions recognized 124,582 72,557 197,139 Payments - (22,631) (22,631) Unwinding of discount - 110,868 110,868 Transfers to current provisions (46,026) - (46,026) Remeasurements - 272,955 272,955 Effect of changes in exchange rates - 204,532 204,532 Transfers to asset held for sale - (204,056) (204,056) Inflation adjustment (46,544) (683,005) (729,549) Balance at 31 December 2023 110,597 1,268,838 1,379,435 32. Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2022 53,219 1,613,569 1,666,788 Provisions recognized 88,180 19,735 107,915 Payments - (11,732) (11,732) Unwinding of discount - 133,295 133,295 Transfers to current provisions (34,320) - (34,320) Remeasurements - 401,443 401,443 Effect of changes in exchange rates - 42,431 42,431 Inflation adjustment (28,494) (681,123) (709,617) Balance at 31 December 2022 78,585 1,517,618 1,596,203 |
Current provision | |
Statement [LineItems] | |
Summary of Provisions | Current provisions: Legal claims (**) Bonus (*) Total Balance at 1 January 2023 52,515 1,189,764 1,242,279 Provisions recognized 512,039 2,657,049 3,169,088 Payments (23,591) (1,482,378) (1,505,969) Transfers from non-current provisions 46,026 - 46,026 Transfers to asset held for sale (10,015) (175,440) (185,455) Effect of changes in exchange rates 91 38,274 38,365 Inflation adjustment (127,135) (701,656) (828,791) Balance at 31 December 2023 449,930 1,525,613 1,975,543 Legal claims (**) Bonus (*) Total Balance at 1 January 2022 181,407 1,371,334 1,552,741 Provisions recognized / reversals (173) 1,767,229 1,767,056 Payments (101,687) (1,357,306) (1,458,993) Transfers from non-current provisions 34,320 - 34,320 Remeasurements - - - Effect of changes in exchange rates - 3,995 3,995 Inflation adjustment (61,352) (595,488) (656,840) Balance at 31 December 2022 52,515 1,189,764 1,242,279 (*) Includes share-based payment (Note (**) Refer to Note 37. |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Trade and Other Payables | 31 December 31 December Short-term trade and other payables 2023 2022 Payables to suppliers 12,675,253 11,366,718 Taxes payable 2,730,809 2,649,751 Accrued treasury share, universal service fund contribution and contributions to the ICTA’s expenses 1,760,603 1,625,498 Accrued selling and marketing expenses 166,799 317,188 Payables related with donation 1,750,000 - Others 1,522,759 1,059,284 20,606,223 17,018,439 |
Derivative financial instrume_2
Derivative financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Fair Value of Derivative Financial Instruments | The fair value of derivative financial instruments at 31 December 2023 and 2022 are attributable to the following: 31 December 2023 31 December 2022 Assets Liabilities Assets Liabilities Held for trading 607,509 313,805 1,308,954 215,974 Derivatives used for hedge accounting 1,305,395 48,609 1,977,016 35,314 Total 1,912,904 362,414 3,285,970 251,288 31 December 2023 31 December 2022 Change in Change in intrinsic value intrinsic value of outstanding of outstanding Notional Notional hedging hedging value value instruments instruments in original in original Hedge since 1 January since 1 January Currency currency Fair value currency Fair value Maturity date ratio 2023 2022 Participating cross currency swap contracts EUR Contracts 167,000 259,289 233,600 334,517 October 2025 01:01 (4,216) (12,009) EUR Contracts 38,057 24,514 50,711 88,338 April 2026 01:01 (192) (288) USD Contracts 124,186 566,902 165,478 924,346 April 2026 01:01 (672) 16,578 Cross currency swap contracts RMB Contracts 81,162 309,793 108,148 423,372 April 2026 01:01 132,184 121,601 Interest rate swap contracts USD Contracts 90,135 96,288 120,105 171,129 April 2026 01:01 - - Derivatives used for hedge accounting 1,256,786 1,941,702 31 December 2023 31 December 2022 Notional Notional value in value in original Fair original Currency currency value Maturity currency Fair value Maturity Cross currency swap contracts USD Contracts 8,000 185,107 November 2025 18,858 400,871 March 2023 - November 2025 RMB Contracts 19,425 71,036 April 2026 25,883 94,715 April 2026 Currency forward contracts USD Contracts 334,900 (123,348) March 2024 377,435 12,643 January 2022 - March 2022 EUR Contracts 10,000 (19,906) January 2024 26,900 47,288 February 2023 - April 2023 FX swap contracts USD Contracts 353,972 (148,612) February 2024 357,451 (6,558) January 2023 RMB Contracts - - - 148,422 3,071 January 2023 Participating cross currency swap contracts USD Contracts 18,000 72,504 November 2025 27,000 123,664 November 2025 EUR Contracts 40,060 251,073 April 2026 53,380 418,589 April 2026 Interest rate swap contracts USD Contracts 64,655 23,711 April 2026 53,380 (1,303) April 2026 TL Contracts 600,000 (17,861) October 2026 - - - Derivatives held for trading 293,704 1,092,980 |
Summary of Fair Value of Financial Assets and Financial Liabilities | Fair Value hierarchy Valuation Techniques a) Participating cross currency swap contracts Level 2 Pricing models based on discounted cash present value of the estimated future cash flows based on observable yield curves and end period FX rates b) FX swap, currency, interest swap and option contracts Level 2 Present value of the estimated future cash flows based on observable yield curves and end period FX rates c) Currency forward contracts Level 2 Forward exchange rates at the balance sheet date In the valuation of participating cross currency swap contracts, the Group uses bid prices in the bid- ask price range that were considered the most appropriate instead of mid prices. Using bid prices instead of mid ranges, has no impact on carried values as of 31 December 2023. (31 December 2022: TL 15,892 lower) |
Interest rate risk and currency risk [member] | |
Statement [LineItems] | |
Summary of Cash Flow Sensitivity Analysis for Variable Rate Instruments | Profit or Loss Equity, net of tax 100 bp 100 bp 100 bp 100 bp 31 December 2023 increase decrease increase decrease Participating cross currency swap contracts (51,444) 12,874 555,829 572,421 Cross currency swap contracts 138,039 129,023 (7,670) (8,685) Cash Flow sensitivity (net) 86,595 141,897 548,159 563,736 Profit or Loss Equity, net of tax 100 bp 100 bp 100 bp 100 bp 31 December 2022 increase decrease increase decrease Participating cross currency swap contracts (61,841) (41,299) 1,245,373 1,297,102 Cross currency swap contracts 106,742 389,418 389,587 339,632 Cash Flow sensitivity (net) 44,701 348,119 1,639,960 1,636,734 |
Participating cross currency swap contracts [member] | |
Statement [LineItems] | |
Summary of Fair Value of Derivative Financial Instruments | Movements in the participating cross currency swap contracts for the years ended 31 December 2023 and 2022 are stated below, and participating cross currency swap contracts are transferred to level 2 from Level 3 as of 31 December 2023. 31 December 31 December 2023 2022 Opening balance 1,889,454 2,839,699 Cash flow effect (2,206,436) (2,203,493) Total gain/loss: Gains recognized in profit or loss 2,275,339 2,362,553 Inflation adjustments (784,075) (1,109,305) Transferred to Level 2 (1,174,282) - Closing balance - 1,889,454 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Disclosure of Credit Risk | The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date is: 31 December 31 December Notes 2023 2022 Trade receivables 19 11,251,507 11,474,491 Contract assets 21 3,293,020 3,222,952 Receivables from financial services 20 6,435,662 5,869,089 Cash and cash equivalents (*) 23 49,978,381 42,775,569 Derivative financial instruments 34 2,044,765 3,348,871 Other current & non-current assets (**) 17 703,180 694,136 Financial assets at amortized cost 24 - 1,233,597 Financial assets at fair value through profit or loss 24 9,411,318 7,074,565 Financial assets at fair value through other comprehensive income 24 106,023 3,049,667 Due from related parties 171,373 125,967 83,395,229 78,868,904 (*) Cash in hand is excluded from cash and cash equivalents. (**) Prepaid expenses, VAT receivable, receivable from the Ministry of Transport and Infrastructure of Turkiye and advances given are excluded from other current assets and other non-current assets. |
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 Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2023 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 71,631,176 834,801 194,114 129,960 94,004 74,345 859,148 293,438 160,786 74,271,772 Loss Allowance 79,942 14,424 8,940 6,611 6,789 7,294 184,182 208,805 88,238 605,225 (*) 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 2023, the total amount of derivative financial instruments, financial assets, other assets and cash and cash equivalent included in gross carrying amount is TL 58,761,624. TL and out of this total balance TL 58,617,700 is included within “not due” column with a total loss allowance of TL 34,610. Total overdue balance associated with these assets amounts to TL 143,924. Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Contract assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2023 Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,296,409 - - - - - - - - 3,296,409 Loss Allowance 3,389 - - - - - - - - 3,389 Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets from financial 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years services at 31 December 2023 (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 5,869,236 451,234 83,488 21,403 26,123 9,133 113,693 2,070 6,234 6,582,614 Loss Allowance 33,483 3,480 1,290 1,491 10,315 4,721 83,877 2,063 6,232 146,952 (**) Other Assets includes receivables from financial services, Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2022 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 67,227,170 620,561 293,019 141,299 119,245 154,017 1,358,963 572,029 381,413 70,867,716 Loss Allowance 217,408 9,277 9,028 7,846 9,679 12,671 320,263 316,400 188,281 1,090,853 (*) 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. Credit risk (continued) Credit quality: (continued) Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Contract assets at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2022 Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,235,056 - - - - - - - - 3,235,056 Loss Allowance 12,104 - - - - - - - - 12,104 Less Less Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than Other assets from financial services at 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years 31 December 2022 (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 5,478,565 297,465 52,668 20,849 28,344 11,305 115,498 3,627 8,927 6,017,248 Loss Allowance 33,009 2,969 603 323 11,610 5,938 81,167 3,612 8,928 148,159 (**) Other Assets includes receivables from financial services. |
Summary of Movements in Provision for Impairment of Receivables from Financial Services, Trade Receivables and Due from Related Parties | Movements in the provision for trade receivables, contract assets, other assets and due from related parties are as follows: 31 December 2023 Contract Assets Other Assets Opening balance 12,104 1,090,853 Provision for impairment recognized during the year 4,942 1,194,467 Amounts collected - (291,843) Receivables written off during the year as uncollectible - (952,307) Assets held for sale (89,251) Effect of changes in exchange rates 72,226 Inflation adjustment (13,657) (418,920) Closing balance 3,389 605,225 31 December 2022 Contract Assets Other Assets Opening balance 16,893 1,725,936 Provision for impairment recognized during the year 2,123 1,006,101 Amounts collected - (383,034) Receivables written off during the year as uncollectible - (654,365) Effect of changes in exchange rates - 40,674 Inflation adjustment (6,912) (644,459) Closing balance 12,104 1,090,853 35. Impairment losses (continued) Movements in the provision for impairment of receivables from financial services are as follows: 31 December 31 December 2023 2022 Opening balance 148,159 249,272 Provision for impairment recognized during the year 161,574 169,873 Amounts collected (83,591) (113,112) Receivables transferred with receivables transfer contract (*) (6,755) (60,942) Inflation adjustment (72,435) (96,932) Closing balance 146,952 148,159 (*) Turkcell Finansman signed a transfer of claim agreement with a debt management company to transfer some of its doubtful receivables stemming from the years 2016 and 2022. Transferred doubtful receivables comprise of balances for which Turkcell Finansman initiated legal proceedings. |
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, 35. Liquidity risk (continued) 31 December 2023 31 December 2022 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 4,724,253 (6,237,895) (1,147,106) (436,679) (852,531) (2,356,083) (1,445,496) 5,168,709 (5,974,716) (1,015,215) (400,352) (783,620) (2,171,728) (1,603,801) Unsecured bank loans 45,064,412 (49,785,432) (13,743,381) (7,383,064) (11,507,099) (17,151,888) - 47,000,370 (51,443,715) (14,624,311) (8,071,932) (7,441,277) (18,517,855) (2,788,340) Debt securities issued 31,867,956 (37,314,608) (4,408,598) (818,467) (15,436,413) (16,651,130) - 31,534,111 (38,976,944) (2,824,636) (856,600) (1,713,198) (17,921,121) (15,661,389) Lease liabilities 2,427,588 (4,225,712) (669,746) (544,316) (693,147) (1,292,253) (1,026,250) 5,034,195 (8,545,826) (1,273,149) (960,925) (1,513,561) (2,403,083) (2,395,108) Trade and other payables (*) 13,785,953 (13,840,042) (12,622,496) - (990,527) - (227,019) 11,423,268 (11,918,822) (11,681,227) - - - (237,595) Due to related parties 590,785 (852,565) (814,228) - (38,337) - - 399,156 (551,742) (551,742) - - - - Consideration payable in relation to acquisition of BeST and Boyut Enerji (Note 27) 1,027,057 (2,958,394) - - - (302,210) (2,656,184) 1,098,399 (3,096,343) - - (15,370) (179,204) (2,901,769) Derivative financial liabilities Participating Cross Currency Swap and FX swap contracts 354,370 (180,189) 293,138 (54,216) (160,366) (258,745) - 248,682 575,387 111,291 103,870 157,201 203,595 (570) Buy - (24,379,548) (22,325,369) (191,680) (351,830) (1,510,669) - - (18,318,639) (17,168,992) (1,549,824) 192,527 222,079 (14,429) Sell - 24,199,359 22,618,507 137,464 191,464 1,251,924 - - 18,894,026 17,280,283 1,653,694 (35,326) (18,484) 13,859 TOTAL 99,842,374 (115,394,837) (33,112,417) (9,236,742) (29,692,994) (37,997,735) (5,354,949) 101,906,890 (119,932,721) (31,858,989) (10,185,939) (11,309,825) (40,989,396) (25,588,572) (*) Advances received, license fee accruals, taxes and withholding taxes payable are excluded from trade and other payables. |
Summary of Group's Exposure to Foreign Exchange Risk Based Notional Amounts | The Group’s exposure to foreign exchange risk at the end of the reporting period, based on notional amounts, was as follows: 31 December 2023 USD EUR RMB Foreign currency denominated assets Other non-current assets 69 11 - Financial asset at fair value through other comprehensive income 156,278 75,622 - Due from related parties - current 1,059 - - Trade receivables and contract assets 11,566 15,857 - Other current assets 2,340 3,184 56 Cash and cash equivalents 534,318 639,362 257,156 705,630 734,036 257,212 Foreign currency denominated liabilities Loans and borrowings - non-current (234,458) (631,844) (473,134) Debt securities issued - non-current (911,923) - - Lease obligations - non-current (1,063) (9,425) - Other non-current liabilities (34,889) - - Loans and borrowings - current (85,119) (201,955) (75,635) Debt securities issued - current (53,853) - - Lease obligations - current (103) (3,097) - Other current liabilities (848) (2,160) - Trade and other payables - current (134,540) (87,414) (323,677) Due to related parties (5,870) - - (1,462,666) (935,895) (872,446) Financial liabilities defined as hedging instruments 10,097 329,890 - Exposure related to derivative instruments Participating cross currency swap and FX swap contracts 361,971 (325,000) 100,586 Currency forward contracts 601,360 10,000 - Net exposure 216,392 (186,969) (514,648) 35. Financial instruments (continued) Foreign exchange risk (continued) 31 December 2022 USD EUR RMB Foreign currency denominated assets Other non-current assets 69 11 - Financial asset at fair value through other comprehensive income 167,157 115,995 - Due from related parties - current 71 - - Trade receivables and contract assets 25,125 22,977 - Other current assets 14,580 6,455 9,057 Cash and cash equivalents 393,932 557,380 194,430 600,934 702,818 203,487 Foreign currency denominated liabilities Loans and borrowings - non-current (275,615) (565,765) (404,695) Debt securities issued - non-current (909,499) - - Lease obligations - non-current (1,210) (12,474) - Other non-current liabilities (35,476) - - Loans and borrowings - current (94,765) (180,091) (149,310) Debt securities issued - current (53,862) - - Lease obligations - current (3,076) (3,060) - Other current liabilities (886) (5,156) - Trade and other payables - current (109,401) (17,514) (369,627) (1,483,790) (784,060) (923,632) Financial liabilities defined as hedging instruments 13,763 302,482 - Exposure related to derivative instruments Participating cross currency swap and FX swap contracts 376,307 (355,000) 282,453 Currency forward contracts 539,263 (150) - Net exposure 46,477 (133,910) (437,692) |
Financial liabilities | Carrying Fair As at 31 December 2023: amount value Bank loans 6,407,576 6,259,574 Debt securities 28,430,710 27,828,939 Carrying Fair As at 31 December 2022: amount value Bank loans 7,790,192 7,329,462 Debt securities 29,680,889 27,307,857 |
Consideration payable in relation to acquisition of Belarusian telecom [member] | |
Statement [LineItems] | |
Summary of Fair Value of Financial Assets and Financial Liabilities | Changes in the consideration payable in relation to acquisition of BeST for the year ended 31 December 2022 stated below: 31 December 2022 Opening balance 2,052,399 Losses recognized in profit or loss (1,249,409) Inflation adjustment (802,990) Closing balance - 35. |
Interest rate risk | |
Statement [LineItems] | |
Sensitivity analysis for types of market risk | An increase/decrease of interest rates by 100 basis points would have (decreased)/increased equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign exchange rates, remain constant. The analysis is performed on the same basis at 31 December 2023 and 2022: Profit or (loss) Equity 100 bps 100 bps 100 bps 100 bps increase decrease increase decrease 31 December 2023 Variable rate instruments (financial liability) (1,884,039) 1,884,039 - - Cash flow sensitivity (net) (1,884,039) 1,884,039 - - 31 December 2022 Variable rate instruments (financial liability) (519,385) 519,385 - - Cash flow sensitivity (net) (519,385) 519,385 - - |
Summary of Variable Interest-Bearing Financial Instruments | 31 December 2023 31 December 2022 Effective Effective Interest Carrying interest Carrying Note Rate Amount rate Amount Variable rate instruments USD floating rate loans 28 3.9 % (5,334,924) 3.2 % (7,637,455) EUR floating rate loans 28 2.1 % (25,815,920) 2.2 % (22,530,691) |
Currency risk | |
Statement [LineItems] | |
Sensitivity analysis for types of market risk | 31 December 2023 Profit/(Loss) Equity Appreciation of Depreciation of Appreciation of Depreciation of Sensitivity analysis foreign currency foreign currency foreign currency foreign currency 1- USD net asset/liability 632,650 (632,650) - - 2- Hedged portion of USD risk (-) - - (29,724) 29,724 3- USD net effect (1+2) 632,650 (632,650) (29,724) 29,724 4- EUR net asset/liability (611,666) 611,666 - - 5- Hedged portion of EUR risk (-) - - (32,190) 32,190 6- EUR net effect (4+5) (611,666) 611,666 (32,190) 32,190 7- Other foreign currency net asset/liability (RMB) (212,097) 212,097 - - 8- Hedged portion of other foreign currency risk (-) (RMB) - - 1,477 (1,477) 9- Other foreign currency net effect (7+8) (212,097) 212,097 1,477 (1,477) Total (3+6+9) (191,113) 191,113 (60,437) 60,437 35. Financial instruments (continued) Exposure to currency risk (continued) Sensitivity analysis (continued) 31 December 2022 Profit/(Loss) Equity Appreciation of Depreciation of Appreciation of Depreciation of Sensitivity analysis foreign currency foreign currency foreign currency foreign currency 1- USD net asset/liability 143,194 (143,194) - - 2- Hedged portion of USD risk (-) - - (41,745) 41,745 3- USD net effect (1+2) 143,194 (143,194) (41,745) 41,745 4- EUR net asset/liability (439,858) 439,858 - - 5- Hedged portion of EUR risk (-) - - (42,380) 42,380 6- EUR net effect (4+5) (439,858) 439,858 (42,380) 42,380 7- Other foreign currency net asset/liability (RMB) (193,324) 193,324 - - 8- Hedged portion of other foreign currency risk (-) (RMB) - - 2,636 (2,636) 9- Other foreign currency net effect (7+8) (193,324) 193,324 2,636 (2,636) Total (3+6+9) (489,988) 489,988 (81,488) 81,488 |
Related parties (Tables)
Related parties (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Total Compensation Provided to Key Management Personnel | The Group provides additional benefits to key management personnel and contributions to retirement plans based on a pre-determined ratio of compensation. 31 December 31 December 31 December 2023 2022 2021 Short-term benefits 366,645 304,752 297,725 Long-term benefits 2,444 3,044 3,587 Termination benefits 683 1,579 618 Share based payments 29,157 - 1,380 398,929 309,375 303,310 |
Schedule of Transactions with Related Parties | 38. Related parties (continued) Transactions with key management personnel (continued) The following transactions occurred with related parties: 31 December 31 December 31 December Revenue from related parties 2023 2022 2021 Türk Telekom Mobil Iletisim Hizmetleri A.S. (“TT Mobil”) (*) 1,080,225 1,110,129 - Enerji Piyasaları İşletme A.S. (“EPIAS”)(*) 262,000 281,356 671,196 Türk Hava Yolları A.S. (“THY”) (*) 300,165 286,856 241,830 Ziraat Bankası A.S. (“Ziraat Bankası”) (*) 739,025 118,586 159,661 “Türkiye Sigorta A.Ş. (“Türkiye Sigorta”)(*)” 353,563 2,012 - Gunes Express Havacilik A.S. (“Sun Express”) (*) 155,838 107,737 54,698 Turk Telekomunikasyon A.S. (“TT”)(*) 118,851 93,051 - Turksat Uydu Haberlesme Kablo TV ve Isletme A.S.(“Turksat”)(*) 78,572 86,912 130,338 TOGG 15,601 95,780 17,744 TVF IFM Gayrimenkul Insaat ve Yonetim A.S. (*) 81,712 72,200 4,323 Turkiye Vakiflar Bankası TAO (“Vakifbank”)(*) 73,304 50,489 48,814 Turkiye Halk Bankası A.S. (“Halkbank”) (*) 25,854 27,727 27,164 Turkiye Hayat ve Emeklilik A.S.(*) 30,753 24,749 35,538 Ziraat Katilim Bankasi A.S. (“Ziraat Katilim”)(*) 74,207 14,780 10,678 BIST (*) 16,810 8,827 39,120 Sofra 3,686 2,909 3,362 Other 29,646 36,094 54,296 3,439,842 2,420,194 1,498,762 31 December 31 December 31 December Related party expenses 2023 2022 2021 EPIAS (*) 793,195 2,929,475 2,736,860 Turk Telekomunikasyon A.S (*) 1,403,490 1,227,920 - TT Mobil (*) 1,151,042 1,039,068 - Istanbul Takas ve Saklama Bankasi A.S. (“Takasbank”) (*) 380,642 145,639 149 Turksat (*) 71,543 140,313 190,541 Sofra 132,510 78,650 96,300 Boru Hatlari ile Petrol Tasima A.S. (“BOTAS”) (*) 58,145 66,671 63,241 PTT (*) 71,978 41,221 46,921 Others 262,140 96,487 60,054 4,324,685 5,765,444 3,194,066 (*) Related parties, which TVF directly and / or indirectly has control or joint control or significant influence. TVF becomes the largest shareholder of Turk Telekom with 61.68% of the shares as of 31 March 2022. Therefore, companies of Turk Telekom have been reported as related party as of 31 March 2022. Transactions between the Group and Turk Telekom are related with telecommunication services. 38. Related parties (continued) Transactions with key management personnel (continued) Details of the financial assets and liabilities with related parties as of 31 December 2023 and 2022 are as follows: 31 December 31 December 2023 2022 Banks - Time deposits (*) 31,369,567 23,362,376 Banks - Demand deposits (*) 720,613 385,761 Currency protected time deposit (**) 6,173,875 2,240,337 Receivables from reverse repo (*) - 6,103,453 Bank borrowings (7,064,169) (6,789,667) Debt securities issued (956,914) (589,058) Lease liabilities (146,028) (206,594) Impairment loss provision (31,883) (34,559) 30,065,061 24,472,049 (*) Related balances are included in cash and cash equivalents. (**) The Group has converted its currency deposit account in Vakifbank amounting to USD 102,941 and EUR 85,000 into currency protected TL time deposit accounts (Note 24). As of 31 December 2023, the amounts of letters of guarantee given to the related parties is TL 333,604 (31 December 2022:TL 226,195). Details of the time deposits at related parties as of 31 December 2023 and 2022 are as follows: 31 December 31 December 2023 2022 Halkbank 11,341,528 8,470,287 Vakifbank 8,674,948 9,471,793 Ziraat Bankasi 8,080,071 3,301,326 Ziraat Katilim Bankasi A.S. 3,273,020 2,118,970 31,369,567 23,362,376 Details of the time deposits at related parties Amount in Original 31 December Currency Currency Effective Interest Rate Maturity 2023 342,372 USD 4.4% January - February 2024 10,090,875 455,757 EUR 3.7% January - February 2024 14,879,110 6,376,563 TL 40.7% January 2024 6,399,582 31,369,567 Amount in Original 31 December Currency Currency Effective Interest Rate Maturity 2022 187,624 USD 3.0% January 2023 5,783,661 395,430 EUR 2.7% January 2023 12,997,715 2,774,821 TL 23.9% January 2023 4,578,950 55 GBP 0.1% January 2023 2,050 23,362,376 38. Related parties (continued) Transactions with key management personnel (continued) Details of the bank borrowings at related parties 31 December Principle Amount Currency Effective Interest Rate Maturity 2023 4,673,500 TL 12.2% - 54.4% February - October 2024 4,964,669 1,349,880 TL 41.7% - 42.3% January 2024 1,356,571 553,450 TL 18.8% - 55.2% January - 555,411 104,860 TL 34.8% February 2024 110,239 72,206 TL 28.8% - 49.8% August 2024 – April 2025 77,279 7,064,169 31 December Principle Amount Currency Effective Interest Rate Maturity 2022 (*) 1,822,550 TL 13.5% - 19.0% January - October 2023 3,221,200 971,074 TL 12.4% - 17.2% February 2023 1,608,999 815,386 TL 13.4% - 24.0% February - December 2023 1,351,622 241,247 CNY 3.8% February 2023 397,510 89,900 TL 13.9% - 16.4% May - June 2023 149,670 35,000 TL 14.8% August 2023 60,666 6,789,667 (*) Bank borrowings from related parties reported in 2022 have been revised to correct undisclosed related party bank balances amounting to TL 2,190,434, which is considered immaterial for the financial statements. The revision had no impact on the consolidated statement of financial position, consolidated statements of profit or loss, consolidated statements of other comprehensive income, consolidated statement of cash flows and consolidated statement of changes in equity. Details of the debt securities issued at related parties Principle 31 December Amount Currency Effective Interest Rate Maturity 2023 900,000 TL 39.0% - 44.5% January – March 2024 956,914 956,914 Principle 31 December Amount Currency Effective Interest Rate Maturity 2022 200,000 TL 20.8% March 2023 332,850 150,000 TL 20.3% February 2023 256,208 589,058 38. Related parties (continued) Details of the lease liabilities at related parties 31 December Currency Effective Interest Rate Payment Period 2023 EUR 0.3% - 3.7% 2023 - 2025 61,252 TL 12.5% - 55.25% 2023 - 2036 84,776 146,028 31 December Currency Effective Interest Rate Payment Period 2022 EUR 0.2% - 5.1% 2022 - 2024 121,952 TL 11.7% - 44.5% 2022 - 2036 84,642 206,594 Interest income from related parties: 31 December 31 December 31 December 2023 2022 2021 Vakifbank 2,133,828 826,154 329,828 Ziraat Bankasi 336,470 350,073 304,760 Halkbank 490,640 310,027 521,864 Ziraat Katilim 141,612 59,725 1,112 Other 290 82 6,909 3,102,840 1,546,061 1,164,473 Interest expense to related parties: 31 December 31 December 31 December 2023 2022 2021 Vakifbank 644,316 513,716 55,342 Ziraat Bankasi 160,954 111,093 16,439 Halk Varlık Kiralama A.S. (“Halk Varlık Kiralama”) 266,383 99,502 12,408 Halkbank 14,390 3,835 - Ziraat Katilim 5,699 885 102 Other 3,264 959 358 1,095,006 729,990 84,649 |
Subsidiaries (Tables)
Subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Subsidiaries | |
Schedule of Subsidiaries, Associates and Joint Venture | The Group’s ultimate parent company is TVF, while subsidiaries, associates and a joint venture of the Company as at 31 December 2023 and 31 December 2022 are as follows: Effective Ownership Interest Subsidiaries Country of 31 December 31 December Name Incorporation Business 2023 (%) 2022 (%) Turktell Turkiye Information technology, value added GSM services and entertainment investments 100 100 Turkcell Superonline Turkiye Telecommunications, television services and content services 100 100 Turkcell Dijital Turkiye Digitalization services and products 100 100 Dijital Egitim Turkiye Dijital educations 51 51 Turkcell Satis Turkiye Sales, delivery and digital sales services 100 100 Turkcell Teknoloji Turkiye Research and development 100 100 Turkcell Gayrimenkul Turkiye Property investments 100 100 Turkcell Enerji Turkiye Electricity energy trade and wholesale and retail electricity sales 100 100 Boyut Enerji Turkiye Electricity energy trade and wholesale and retail electricity sales 100 100 Turkcell Finansman Turkiye Consumer financing services 100 100 Turkcell Sigorta Turkiye Insurance agency activities 100 100 Turkcell Dijital Sigorta Turkiye Dijital agency activities 100 100 Turkcell Odeme Turkiye Payment services and e-money license 100 100 Lifecell Dijital Servisler Turkiye Development and providing of digital services and products 100 100 Lifecell Bulut Turkiye Cloud solutions services 100 100 Lifecell TV Turkiye Online radio, television and on-demand streaming services 100 100 Lifecell Muzik Turkiye Radio, television and on-demand streaming services 100 100 Global Tower Turkiye Telecommunications infrastructure business 100 100 Atmosware Teknoloji Turkiye Develop software products and services, training software developers 100 100 UkrTower Ukraine Telecommunications infrastructure business 100 100 Beltower Republic of Belarus Telecommunications infrastructure business 100 100 Eastasia Netherlands Telecommunications investments 100 100 Kibris Telekom Turkish Republic of Northern Cyprus Telecommunications 100 100 Lifecell Digital Turkish Republic of Northern Cyprus Telecommunications 100 100 Turkcell Dijital Technologies Turkish Republic of Northern Cyprus Electronic payment services 100 100 Turkcell Global Bilgi Turkiye Customer relations and human resources management 100 100 Global LLC Ukraine Customer relations management 100 100 Rehberlik Turkiye Directory assistance 100 100 Lifecell Ventures Netherlands Telecommunications investments 100 100 lifecell Ukraine Telecommunications 100 100 Paycell LLC Ukraine Consumer financing services 100 100 Paycell Europe Germany Payment services and e-money 100 100 Yaani Netherlands Internet search engine and browser services 100 100 BiP B.V. Netherlands Providing digital services and products 100 100 BiP A.S. Turkiye Providing digital services and products 100 100 Beltel Turkiye Telecommunications investments — 100 BeST Republic of Belarus Telecommunications 100 100 Turkcell GSYF Turkiye Venture capital investment fund 100 100 W3 Turkiye Information technology 100 100 Ultia (*) Turkiye Information technology 100 100 Lifetech Republic of Belarus Information technology, programming and technical support 100 100 (*) All kinds of intellectual property rights, including but not limited to, all software, domain names, brands and patents of Turkcell Teknoloji Ultia Platform, which is a 100% subsidiary of the Group, has been transferred to Ultia, a technology-oriented company established by Turkcell GSYF. 39. Subsidiaries (continued) Effective Ownership Interest Associates Country of 31 December 31 December Name Incorporation Business 2023 (%) 2022 (%) TOGG Turkiye Electric passenger car development, production and trading activities 23 23 Effective Ownership Interest Joint Venture Country of 31 December 31 December Name Incorporation Business 2023 (%) 2022 (%) Sofra (*) Turkiye Meal coupons and cards 66 33 (*) As per the decision of The Company’s Board of Directors dated April 13, 2023; it has been decided on the acquisition of the 33.3% share of Sofra Kurumsal ve Ödüllendirme Hizmetleri A.Ş. (“Sofra”) by The Company’s 100% owned subsidiary Turkcell Ödeme ve Elektronik Para Hizmetleri A.Ş. (“TÖHAŞ”), which has 33.3% shareholding in it, from Belbim Elektronik Para ve Ödeme Hizmetleri A.Ş., one of the other shareholders of Sofra, for TL 762,690, by exercising its pre-emption right pursuant to the existing Shareholders Agreement. |
Investments accounted for usi_2
Investments accounted for using the equity method (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments accounted for using the equity method | |
Schedule of carrying values of joint ventures | 31 December 31 December a) Joint Ventures 2023 2022 Sofra 12,347 30,018 |
Schedule of carrying value of associates | 31 December 31 December b) Associates 2023 2022 TOGG 5,857,271 3,771,069 |
Schedule of movement in joint ventures and associates | 31 December 31 December 2023 2022 Opening balance 3,801,087 2,264,587 Shares of profit 1,525,175 522,221 Contribution to capital increase 543,356 1,014,279 Closing balance 5,869,618 3,801,087 |
Discontinued operations (Tables
Discontinued operations (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Discontinued operations | |
Schedule of statement of profit or loss of disposal group | 31 December 2023 31 December 2022 31 December 2021 Revenue 7,737,020 7,921,451 7,665,767 Cost of revenue (4,763,836) (5,670,807) (5,436,914) Gross profit 2,973,184 2,250,644 2,228,853 Selling and marketing expenses (443,848) (444,724) (509,207) Administrative expenses (254,215) (258,865) (258,037) Other operating income/(expense), net 192,786 152,396 (4,907) Operating profit 2,467,907 1,498,620 1,456,702 Net finance costs / income (206,260) (733,388) (695,285) Profit before income tax 2,261,647 966,063 761,417 Tax benefit /(expense) (291,973) (123,693) (42,690) Profit/(loss) for the year from discontinued operations 1,969,674 842,370 718,727 |
Schedule of disposal group assets, liabilities and cash flows | 31 December 2023 Assets Property, plant and equipment (Note 12) 5,797,891 Right-of-use assets (Note 16) 1,327,438 Intangible assets (Note 13) 3,299,805 Trade receivables 269,898 Deferred tax assets (Note 18) 1,315,876 Inventories 53,042 Other non current asset 151,771 Financial assets at amortized cost 736,174 Cash and cash equivalents 4,017,443 Other current asset 136,432 Assets held for sale 17,105,770 Liabilities Borrowings 4,524,403 Employee benefit obligations 34,730 Current tax liabilities 4,200 Trade and other payables 891,447 Other non current liabilities 5,337 Deferred revenue 17,804 Contract liabilities 460,244 Provisions (Note 32) 389,511 Liabilities directly associated with the assets held for sale 6,327,676 Net assets directly associated with disposal group 10,778,094 Amounts included in accumulated OCI: Foreign currency translation reserve 6,140,191 Reserve of disposal group classified as held for sale 6,140,191 31 December 2023 31 December 2022 (*) 31 December 2021 (*) Cash flows from operating activities 4,878,305 4,122,088 5,098,656 Cash flows from investing activities (1,842,419) (3,163,689) (3,095,876) Cash flows from financing activities (826,913) (785,688) (910,800) Net cash (outflow)/inflow 2,208,973 172,710 1,091,979 |
Cash flow information (Tables)
Cash flow information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Reconciliation of Net Cash Flow to Movement in Net Debt | Net financial liabilities reconciliation: Debt securities Lease Derivative issued Loans liabilities Total Assets, net Total Balance at 1 January 2023 (31,534,111) (52,169,081) (5,034,193) (88,737,385) 3,100,189 (85,637,196) Cash inflows (7,824,254) (62,689,793) - (70,514,047) 7,749,663 (62,764,384) Cash outflows 7,367,659 59,288,115 4,121,990 70,777,764 (4,756,730) 66,021,034 Other non-cash movements (15,440,923) (22,663,080) (5,561,514) (43,665,517) 5,293,962 (48,959,479) Transfer to asset held for sale - 2,744,051 1,780,352 4,524,403 - 4,524,403 Inflation adjustment 15,563,673 25,701,123 2,265,777 43,530,573 891,235 44,421,808 Balance at 31 December 2023 (31,867,956) (49,788,665) (2,427,588) (84,084,209) 1,690,395 (82,393,814) Debt securities Lease Derivative issued Loans liabilities Total Assets, net Total Balance at 1 January 2022 (36,292,848) (55,389,833) (7,865,357) (99,548,038) 5,575,149 (93,972,889) Cash inflows (4,472,292) (53,139,280) - (57,611,572) 5,961,522 (51,650,050) Cash outflows 5,489,265 47,130,897 4,310,581 56,930,743 (5,264,741) 51,666,002 Other non-cash movements (12,025,739) (15,506,487) (4,597,576) (32,129,802) (2,536,649) (34,666,452) Inflation adjustment 15,767,503 24,735,622 3,118,159 43,621,284 (635,092) 42,986,192 Balance at 31 December 2022 (31,534,111) (52,169,081) (5,034,193) (88,737,385) 3,100,189 (85,637,196) |
Reporting Entity - Additional I
Reporting Entity - Additional Information (Detail) € in Thousands, $ in Thousands, ₺ in Billions | 12 Months Ended | ||||||
Apr. 07, 2023 EUR (€) installment | Apr. 07, 2023 TRY (₺) | Aug. 26, 2015 EUR (€) | Jul. 30, 2009 | Apr. 30, 2009 EUR (€) | Apr. 27, 1998 USD ($) | Dec. 31, 2023 item Vote | |
Disclosure of Description Of Reporting Entity [line items] | |||||||
Percentage of treasury shares levy paid to ICTA | 90% | ||||||
Percentage of gross revenue paid as treasury share | 15% | ||||||
Percentage of treasury share levy paid for universal service fund | 10% | ||||||
Percentage of net revenue paid as annual contribution to ICTA's expenses | 0.35% | ||||||
Percentage of net revenue paid as frequency fee | 5% | ||||||
Number of votes that each share entitles in respect of all other matters | 1 | ||||||
Number of residual board members who can be appointed | 4 | ||||||
Meeting quorum requirement | 5 | ||||||
Decision quorum, minimum members required to be present and provide affirmative vote | 5 | ||||||
Number of board members who can exercise unlimited authority to represent and bind the company | 2 | ||||||
Number of non-executive members | 9 | ||||||
Number of independent members | 3 | ||||||
Turkcell 2G license [member] | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Effective period of license (from grant date) | 31 years | 31 years | 25 years | ||||
Consideration paid for acquiring license | $ | $ 500,000 | ||||||
Extension fee for GSM license | € | € 120,000 | ||||||
VAT on extension fee for GSM license | € | 21,600 | ||||||
Initial payment for extension fee for GSM license | € 81,600 | ₺ 1.7 | |||||
Number of installments for payment of remaining amount of license extension fee | installment | 2 | ||||||
Installment on remaining value of extension fee for GSM license | € | € 31,100 | ||||||
Period of payment of remaining license extension fee amount | 2 years | 2 years | |||||
Percentage of gross revenue paid as treasury share | 15% | ||||||
Turkcell 3G license [member] | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Effective period of license (from grant date) | 20 years | ||||||
Consideration paid for acquiring license | € | € 358,000 | ||||||
Turkcell 4.5G license [member] | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Effective period of license (from grant date) | 13 years | ||||||
Consideration paid for acquiring license | € | € 1,623,460 | ||||||
Group A Shares | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Percentage of total issued shares re-classified as a separate class of Group A Shares | 15% | ||||||
Number of candidates who can be nominated by the shareholder | 4 | ||||||
Number of board members who can be appointed by the shareholder | 5 | ||||||
Number of votes that each share entitles in respect of the appointment of board members and chairman of the presiding committee | Vote | 6 | ||||||
Number of board member for which the voting privilege applies | 5 | ||||||
Group A Shares | Minimum | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Number of board members who can exercise unlimited authority to represent and bind the company | 1 | ||||||
IMTIS Holdings S.a r l. | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Percentage of capital shares and voting rights in entity | 19.80% | ||||||
TVF BTIH [Member] | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Percentage of capital shares and voting rights in entity | 26.20% | ||||||
Public Share [Member] | |||||||
Disclosure of Description Of Reporting Entity [line items] | |||||||
Percentage of capital shares and voting rights in entity | 53.95% |
Basis of preparation and summ_4
Basis of preparation and summary of material accounting policies - Additional Information (Detail) - TRY (₺) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of basis of preparation and summary of significant accounting policies [line items] | ||
Salary calculation period | 30 days | |
Maximum lump-sum payment | ₺ 23,500 | ₺ 15,400 |
Discount rate used for calculating retirement pay liability | 2.50% | 0.60% |
Additional amount classified as "Bank Borrowings" from related parties | ||
Disclosure of basis of preparation and summary of significant accounting policies [line items] | ||
Amount of reclassifications or changes in presentation | ₺ 2,190,434,000 | |
Minimum | ||
Disclosure of basis of preparation and summary of significant accounting policies [line items] | ||
Discount rate for obligations for dismantling, removing and site restoration | 11.50% | 11.20% |
Maximum | ||
Disclosure of basis of preparation and summary of significant accounting policies [line items] | ||
Discount rate for obligations for dismantling, removing and site restoration | 29.60% | 23.90% |
Basis of preparation and summ_5
Basis of preparation and summary of material accounting policies - Evolution of CPI (Details) - Turkiye | 12 Months Ended | 36 Months Ended | ||||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Hyperinflation | ||||||||
Annual Index | 1,859.38 | 1,128.45 | 686.95 | 504.81 | 1,859.38 | 1,128.45 | 686.95 | 504.81 |
Average index | 1,488.91 | 967.71 | 561.61 | 469.59 | ||||
Inflation rate | 64.80% | 64.30% | 36.10% | 14.60% | 268.30% | 156.20% | 74.40% | 54.20% |
Basis of preparation and summ_6
Basis of preparation and summary of material accounting policies - Disclosure of Estimated Useful Lives (Detail) | 12 Months Ended |
Dec. 31, 2023 | |
Mobile network infrastructure [member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 4 years |
Mobile network infrastructure [member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 20 years |
Fixed network infrastructure [member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 3 years |
Fixed network infrastructure [member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 25 years |
Call center equipment [member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 4 years |
Call center equipment [member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 8 years |
Building [member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 21 years |
Building [member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 25 years |
Equipment, fixtures and fittings [member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 2 years |
Equipment, fixtures and fittings [member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 10 years |
Motor vehicles [member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 4 years |
Motor vehicles [member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 6 years |
Electricity production power plant [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 20 years |
Leasehold improvements [member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 3 years |
Leasehold improvements [member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 5 years |
Basis of preparation and summ_7
Basis of preparation and summary of material accounting policies - Disclosure of Estimated Useful Lives for Intangible Asset (Detail) | 12 Months Ended | ||||
Apr. 07, 2023 | Aug. 26, 2015 | Jul. 30, 2009 | Apr. 27, 1998 | Dec. 31, 2023 | |
Telecommunication licenses | Minimum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 3 years | ||||
Telecommunication licenses | Maximum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 25 years | ||||
Turkcell 2G license [member] | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Effective period of license (from grant date) | 31 years | 25 years | |||
Turkcell 3G license [member] | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Effective period of license (from grant date) | 20 years | ||||
Turkcell 4.5G license [member] | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Effective period of license (from grant date) | 13 years | ||||
Computer software | Minimum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 3 years | ||||
Computer software | Maximum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 8 years | ||||
Indefeasible right of usage [member] | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 15 years | ||||
Transmission lines software [member] | Minimum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 5 years | ||||
Transmission lines software [member] | Maximum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 10 years | ||||
Brand name [member] | Minimum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 9 years | ||||
Brand name [member] | Maximum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 10 years | ||||
Customer base [member] | Minimum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 2 years | ||||
Customer base [member] | Maximum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 15 years | ||||
Subscriber acquisition cost [member] | Minimum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 2 years | ||||
Subscriber acquisition cost [member] | Maximum | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 6 years | ||||
Electricity production license [member] | |||||
Disclosure of detailed information about intangible assets [line items] | |||||
Useful lives intangible assets | 20 years |
Basis of preparation and summ_8
Basis of preparation and summary of material accounting policies - Disclosure of Estimated Useful Lives for Investment Properties (Detail) | 12 Months Ended |
Dec. 31, 2023 | |
Minimum | |
Disclosure of detailed information about investment property [line items] | |
Useful life measured as period of time, investment property, cost model | 25 years |
Maximum | |
Disclosure of detailed information about investment property [line items] | |
Useful life measured as period of time, investment property, cost model | 45 years |
Business Combinations - Additio
Business Combinations - Additional information (Details) ₺ in Thousands, $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Jul. 06, 2021 USD ($) | Jul. 06, 2021 TRY (₺) |
Boyut Enerji | ||||
Disclosure of detailed information about business combination [line items] | ||||
Percentage of shares acquired | 100% | 100% | ||
Enterprise value | $ 29,600 | |||
Cash consideration amount | 10,972 | ₺ 249,719 | ||
Cash to be paid | $ 500 | ₺ 8,865 | ||
Period of payment for deferred amount on acquisition | 2 years | |||
Turkcell Enerji | ||||
Disclosure of detailed information about business combination [line items] | ||||
Proportion of ownership interest in subsidiary | 100% | 100% | 100% |
Business Combinations - Goodwil
Business Combinations - Goodwill (Details) - Jul. 06, 2021 - Boyut Enerji ₺ in Thousands, $ in Thousands | USD ($) | TRY (₺) |
Disclosure of detailed information about business combination [line items] | ||
Total consideration amount | ₺ 258,584 | |
Cash consideration amount | $ 10,972 | 249,719 |
Contingent and deferred consideration amount | $ 500 | 8,865 |
Net assets acquired | (230,835) | |
Goodwill | ₺ 27,749 |
Business Combinations - Identif
Business Combinations - Identifiable assets and liabilities (Details) - Boyut Enerji ₺ in Thousands | Jul. 06, 2021 TRY (₺) |
Disclosure of detailed information about business combination [line items] | |
Cash and cash equivalents | ₺ 15,039 |
Other current assets | 15,528 |
Property, plant and equipment | 342,889 |
Intangible assets | 631,093 |
Other non-current assets | 449 |
Borrowings | (411,129) |
Trade and other payables | (21,326) |
Due to related parties | (6,794) |
Provisions | (100) |
Employee benefit obligations | (208) |
Deferred tax liabilities | (131,966) |
Other liabilities | (202,640) |
Fair value of total identifiable net assets (100%) | ₺ 230,835 |
Business Combinations - Cash Ou
Business Combinations - Cash Outflow (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Jul. 06, 2021 | Dec. 31, 2021 | |
Disclosure of detailed information about business combination [line items] | ||
Cash outflow due to acquisition (net) | ₺ 234,680 | |
Boyut Enerji | ||
Disclosure of detailed information about business combination [line items] | ||
Total consideration - cash | ₺ 249,719 | |
Cash and cash equivalents - acquired | (15,039) | |
Cash outflow due to acquisition (net) | ₺ 234,680 |
Financial Risk Management - Add
Financial Risk Management - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of nature and extent of risks arising from financial instruments [abstract] | ||
Guarantees outstanding | ₺ 8,836,805 | ₺ 6,513,114 |
Demand deposits | ₺ 4,215,677 | ₺ 3,598,726 |
Segment Information - Reconcili
Segment Information - Reconciliation of Adjusted EBITDA to Consolidated Profit Before Income Tax and Profit (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Disclosure of operating segments [line items] | |||||
Revenue | ₺ 107,116,184 | ₺ 93,486,846 | [1] | ₺ 108,599,644 | [1] |
Profit for the year from continuing operations | 10,562,572 | 6,036,486 | [1] | 6,416,898 | [1] |
Income tax expense | (4,675,891) | (2,785,265) | [1] | 900,339 | [1] |
Finance income | (12,663,682) | (3,957,684) | [1] | (11,527,996) | [1] |
Finance costs | 19,931,617 | 11,949,156 | [1] | 21,308,035 | [1] |
Other income | (882,782) | (348,611) | [1] | (356,404) | [1] |
Other expenses | 5,648,334 | 1,406,976 | [1] | 2,010,123 | [1] |
Monetary (gain) loss | (3,816,872) | (7,767,102) | [1] | (4,804,527) | [1] |
Depreciation and amortization | 31,298,993 | 32,595,996 | 31,188,016 | ||
Share of loss/(gain) of equity accounted investees | (1,525,175) | (522,221) | [1] | (191,303) | [1] |
Adjusted EBITDA | 43,877,114 | 36,607,731 | 44,943,181 | ||
IFRS 9 impairment loss provision | (1,008,164) | (621,978) | [1] | (847,035) | [1] |
Turkcell Turkiye segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 91,170,422 | 77,536,602 | 89,428,218 | ||
Turkcell International segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 2,474,574 | 2,434,151 | 2,389,092 | ||
Techfin segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 4,153,403 | 3,280,539 | 3,348,081 | ||
All other segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 9,317,785 | 10,235,554 | 13,434,253 | ||
Operating segments [member] | Turkcell Turkiye segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 91,952,843 | 77,951,747 | 90,008,603 | ||
Adjusted EBITDA | 40,663,472 | 32,770,610 | 40,815,431 | ||
IFRS 9 impairment loss provision | (920,417) | (557,550) | (803,560) | ||
Operating segments [member] | Turkcell International segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 2,625,686 | 2,673,057 | 2,667,171 | ||
Adjusted EBITDA | 972,856 | 891,194 | 859,130 | ||
IFRS 9 impairment loss provision | (6,055) | (5,003) | (8,632) | ||
Operating segments [member] | Techfin segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 4,568,674 | 3,545,379 | 3,550,776 | ||
Adjusted EBITDA | 1,607,534 | 1,749,526 | 2,119,639 | ||
IFRS 9 impairment loss provision | (81,981) | (57,339) | (31,771) | ||
Operating segments [member] | All other segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | 10,161,753 | 13,558,486 | 15,775,237 | ||
Adjusted EBITDA | 887,860 | 1,298,333 | 1,305,889 | ||
IFRS 9 impairment loss provision | 289 | (2,086) | (3,072) | ||
Intersegment eliminations [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | (2,192,772) | (4,241,823) | (3,402,143) | ||
Adjusted EBITDA | (254,608) | (101,932) | (156,908) | ||
Intersegment eliminations [member] | Turkcell Turkiye segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | (782,421) | (415,145) | (580,385) | ||
Intersegment eliminations [member] | Turkcell International segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | (151,112) | (238,906) | (278,079) | ||
Intersegment eliminations [member] | Techfin segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | (415,271) | (264,840) | (202,695) | ||
Intersegment eliminations [member] | All other segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenue | ₺ (843,968) | ₺ (3,322,932) | ₺ (2,340,984) | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Segment Information - Summary o
Segment Information - Summary of Geographical Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Disclosure of geographical areas [line items] | |||||
Revenue | ₺ 107,116,184 | ₺ 93,486,846 | [1] | ₺ 108,599,644 | [1] |
Non-current assets | 144,537,097 | 157,676,596 | |||
Turkiye | |||||
Disclosure of geographical areas [line items] | |||||
Revenue | 104,641,610 | 91,052,696 | 106,210,552 | ||
Non-current assets | 140,298,871 | 141,507,693 | |||
Ukraine [member] | |||||
Disclosure of geographical areas [line items] | |||||
Non-current assets | 12,651,476 | ||||
Belarus [member] | |||||
Disclosure of geographical areas [line items] | |||||
Revenue | 1,384,585 | 1,540,091 | 1,375,795 | ||
Non-current assets | 746,265 | 1,229,643 | |||
Turkish Republic of Northern Cyprus [member] | |||||
Disclosure of geographical areas [line items] | |||||
Revenue | 1,058,155 | 855,064 | 959,667 | ||
Non-current assets | 3,047,815 | 1,626,546 | |||
Netherlands [member] | |||||
Disclosure of geographical areas [line items] | |||||
Revenue | 31,834 | 38,995 | ₺ 53,630 | ||
Unallocated amounts [member] | |||||
Disclosure of geographical areas [line items] | |||||
Non-current assets | ₺ 444,146 | ₺ 661,238 | |||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Revenue - Summary of Revenue (D
Revenue - Summary of Revenue (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Disclosure of revenue [line items] | |||||
Telecommunication Services | ₺ 88,118,588 | ₺ 75,500,912 | ₺ 87,192,040 | ||
Equipment revenues | 11,394,737 | 11,144,218 | 13,742,812 | ||
Revenue from financial services | 4,153,403 | 3,280,539 | [1] | 3,348,061 | [1] |
Other | 3,449,456 | 3,561,177 | 4,316,731 | ||
Total revenue | 107,116,184 | 93,486,846 | [1] | 108,599,644 | [1] |
Interest income generated from consumer financing activities | 2,023,862 | 1,546,463 | 1,611,840 | ||
Turkcell Turkiye segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 91,170,422 | 77,536,602 | 89,428,218 | ||
Turkcell International segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 2,474,574 | 2,434,151 | 2,389,092 | ||
Techfin segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 4,153,403 | 3,280,539 | 3,348,081 | ||
All other segments [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 9,317,785 | 10,235,554 | 13,434,253 | ||
Operating segments [member] | Turkcell Turkiye segment [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 86,033,365 | 73,395,928 | 85,301,533 | ||
Equipment revenues | 4,981,916 | 4,119,171 | 4,111,543 | ||
Other | 937,562 | 436,648 | 595,527 | ||
Total revenue | 91,952,843 | 77,951,747 | 90,008,603 | ||
Operating segments [member] | Turkcell International segment [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 2,285,955 | 2,276,114 | 2,101,368 | ||
Equipment revenues | 183,095 | 177,001 | 299,230 | ||
Other | 156,636 | 219,942 | 266,573 | ||
Total revenue | 2,625,686 | 2,673,057 | 2,667,171 | ||
Operating segments [member] | Techfin segment [member] | |||||
Disclosure of revenue [line items] | |||||
Revenue from financial services | 4,568,674 | 3,545,379 | 3,550,776 | ||
Total revenue | 4,568,674 | 3,545,379 | 3,550,776 | ||
Operating segments [member] | All other segments [member] | |||||
Disclosure of revenue [line items] | |||||
Equipment revenues | 6,315,781 | 6,886,804 | 9,496,810 | ||
Other | 3,845,972 | 6,671,682 | 6,278,427 | ||
Total revenue | 10,161,753 | 13,558,486 | 15,775,237 | ||
Intersegment eliminations [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | (200,732) | (171,130) | (210,861) | ||
Equipment revenues | (86,055) | (38,758) | (164,771) | ||
Revenue from financial services | (415,271) | (264,840) | (202,715) | ||
Other | (1,490,714) | (3,767,095) | (2,823,796) | ||
Total revenue | (2,192,772) | (4,241,823) | (3,402,143) | ||
Intersegment eliminations [member] | Turkcell Turkiye segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | (782,421) | (415,145) | (580,385) | ||
Intersegment eliminations [member] | Turkcell International segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | (151,112) | (238,906) | (278,079) | ||
Intersegment eliminations [member] | Techfin segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | (415,271) | (264,840) | (202,695) | ||
Intersegment eliminations [member] | All other segments [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | ₺ (843,968) | ₺ (3,322,932) | ₺ (2,340,984) | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Revenue - Summary of Revenues b
Revenue - Summary of Revenues by Recognition (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Disclosure of revenue [line items] | |||||
Telecommunication Services | ₺ 88,118,588 | ₺ 75,500,912 | ₺ 87,192,040 | ||
Equipment revenues | 11,394,737 | 11,144,218 | 13,742,812 | ||
Revenue from financial operation | 4,153,403 | 3,280,539 | [1] | 3,348,061 | [1] |
Other | 3,449,456 | 3,561,177 | 4,316,731 | ||
Total revenue | 107,116,184 | 93,486,846 | [1] | 108,599,644 | [1] |
Goods or services transferred at point in time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 1,523,204 | 709,379 | 933,753 | ||
Equipment revenues | 10,881,396 | 10,702,089 | 12,963,994 | ||
Revenue from financial operation | 1,848,418 | 1,356,914 | 1,186,909 | ||
Other | 147,603 | 76,349 | 160,929 | ||
Total revenue | 14,400,621 | 12,844,731 | 15,245,585 | ||
Goods or services transferred over time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 86,595,384 | 74,791,533 | 86,258,287 | ||
Equipment revenues | 513,341 | 442,129 | 778,818 | ||
Revenue from financial operation | 2,304,985 | 1,923,625 | 2,161,152 | ||
Other | 3,301,853 | 3,484,828 | 4,155,802 | ||
Total revenue | 92,715,563 | 80,642,115 | 93,354,059 | ||
Turkcell Turkiye segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 91,170,422 | 77,536,602 | 89,428,218 | ||
Turkcell International segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 2,474,574 | 2,434,151 | 2,389,092 | ||
Techfin segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 4,153,403 | 3,280,539 | 3,348,081 | ||
All other segments [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | 9,317,785 | 10,235,554 | 13,434,253 | ||
Operating segments [member] | Turkcell Turkiye segment [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 86,033,365 | 73,395,928 | 85,301,533 | ||
Equipment revenues | 4,981,916 | 4,119,171 | 4,111,543 | ||
Other | 937,562 | 436,648 | 595,527 | ||
Total revenue | 91,952,843 | 77,951,747 | 90,008,603 | ||
Operating segments [member] | Turkcell Turkiye segment [member] | Goods or services transferred at point in time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 1,456,376 | 631,113 | 863,151 | ||
Equipment revenues | 4,468,575 | 3,677,042 | 3,332,725 | ||
Other | 376 | 11,844 | 18,547 | ||
Total revenue | 5,925,327 | 4,319,999 | 4,214,423 | ||
Operating segments [member] | Turkcell Turkiye segment [member] | Goods or services transferred over time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 84,576,989 | 72,764,815 | 84,438,382 | ||
Equipment revenues | 513,341 | 442,129 | 778,818 | ||
Other | 937,186 | 424,804 | 576,980 | ||
Total revenue | 86,027,516 | 73,631,748 | 85,794,180 | ||
Operating segments [member] | Turkcell International segment [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 2,285,955 | 2,276,114 | 2,101,368 | ||
Equipment revenues | 183,095 | 177,001 | 299,230 | ||
Other | 156,636 | 219,942 | 266,573 | ||
Total revenue | 2,625,686 | 2,673,057 | 2,667,171 | ||
Operating segments [member] | Turkcell International segment [member] | Goods or services transferred at point in time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 66,933 | 78,495 | 70,605 | ||
Equipment revenues | 183,095 | 177,001 | 299,230 | ||
Other | 31,177 | 6,718 | 950 | ||
Total revenue | 281,205 | 262,214 | 370,785 | ||
Operating segments [member] | Turkcell International segment [member] | Goods or services transferred over time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | 2,219,022 | 2,197,619 | 2,030,763 | ||
Other | 125,459 | 213,224 | 265,623 | ||
Total revenue | 2,344,481 | 2,410,843 | 2,296,386 | ||
Operating segments [member] | Techfin segment [member] | |||||
Disclosure of revenue [line items] | |||||
Revenue from financial operation | 4,568,674 | 3,545,379 | 3,550,776 | ||
Total revenue | 4,568,674 | 3,545,379 | 3,550,776 | ||
Operating segments [member] | Techfin segment [member] | Goods or services transferred at point in time [member] | |||||
Disclosure of revenue [line items] | |||||
Revenue from financial operation | 2,224,526 | 1,621,746 | 1,389,624 | ||
Total revenue | 2,224,526 | 1,621,746 | 1,389,624 | ||
Operating segments [member] | Techfin segment [member] | Goods or services transferred over time [member] | |||||
Disclosure of revenue [line items] | |||||
Revenue from financial operation | 2,344,148 | 1,923,633 | 2,161,152 | ||
Total revenue | 2,344,148 | 1,923,633 | 2,161,152 | ||
Operating segments [member] | All other segments [member] | |||||
Disclosure of revenue [line items] | |||||
Equipment revenues | 6,315,781 | 6,886,804 | 9,496,810 | ||
Other | 3,845,972 | 6,671,682 | 6,278,427 | ||
Total revenue | 10,161,753 | 13,558,486 | 15,775,237 | ||
Operating segments [member] | All other segments [member] | Goods or services transferred at point in time [member] | |||||
Disclosure of revenue [line items] | |||||
Equipment revenues | 6,315,781 | 6,886,804 | 9,496,810 | ||
Other | 116,102 | 66,890 | 151,371 | ||
Total revenue | 6,431,883 | 6,953,694 | 9,648,181 | ||
Operating segments [member] | All other segments [member] | Goods or services transferred over time [member] | |||||
Disclosure of revenue [line items] | |||||
Other | 3,729,870 | 6,604,792 | 6,127,056 | ||
Total revenue | 3,729,870 | 6,604,792 | 6,127,056 | ||
Intersegment eliminations [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | (200,732) | (171,130) | (210,861) | ||
Equipment revenues | (86,055) | (38,758) | (164,771) | ||
Revenue from financial operation | (415,271) | (264,840) | (202,715) | ||
Other | (1,490,714) | (3,767,095) | (2,823,796) | ||
Total revenue | (2,192,772) | (4,241,823) | (3,402,143) | ||
Intersegment eliminations [member] | Goods or services transferred at point in time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | (105) | (229) | (3) | ||
Equipment revenues | (86,055) | (38,758) | (164,771) | ||
Revenue from financial operation | (376,108) | (264,832) | (202,715) | ||
Other | (52) | (9,103) | (9,939) | ||
Total revenue | (462,320) | (312,922) | (377,428) | ||
Intersegment eliminations [member] | Goods or services transferred over time [member] | |||||
Disclosure of revenue [line items] | |||||
Telecommunication Services | (200,627) | (170,901) | (210,858) | ||
Revenue from financial operation | (39,163) | (8) | |||
Other | (1,490,662) | (3,757,992) | (2,813,857) | ||
Total revenue | (1,730,452) | (3,928,901) | (3,024,715) | ||
Intersegment eliminations [member] | Turkcell Turkiye segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | (782,421) | (415,145) | (580,385) | ||
Intersegment eliminations [member] | Turkcell International segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | (151,112) | (238,906) | (278,079) | ||
Intersegment eliminations [member] | Techfin segment [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | (415,271) | (264,840) | (202,695) | ||
Intersegment eliminations [member] | All other segments [member] | |||||
Disclosure of revenue [line items] | |||||
Total revenue | ₺ (843,968) | ₺ (3,322,932) | ₺ (2,340,984) | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Other Income and Expense - Addi
Other Income and Expense - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Text block [abstract] | |||||
Depositary reimbursement | ₺ 108,861 | ₺ 104,532 | ₺ 139,732 | ||
Insurance compensation | 273,843 | ||||
Income from equipment donations | 205,045 | ||||
Rent income | 26,507 | 38,740 | 37,350 | ||
Non-interest income from banks | 891 | 17,194 | 28,062 | ||
Other | 267,635 | 188,145 | 151,260 | ||
Other income | 882,782 | 348,611 | [1] | 356,404 | [1] |
Revaluation tax expense | (1,500) | (415,341) | |||
Donation expenses | (3,919,568) | (267,861) | (278,463) | ||
Litigation expenses | (738,268) | (156,018) | (1,124,058) | ||
Loss on modification of lease contract | (146,563) | (172,408) | (147,959) | ||
Loss on sale of fixed assets | (15,981) | (35,502) | 98,440 | ||
Restructuring cost | (462,741) | (12,116) | |||
Other | (363,713) | (347,730) | (558,084) | ||
Other expense | ₺ (5,648,334) | ₺ (1,406,976) | [1] | ₺ (2,010,123) | [1] |
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Employee Benefit Expenses - Sum
Employee Benefit Expenses - Summary of Employee Benefit Expenses (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Employee Benefit Expenses [abstract] | |||
Wages and salaries | ₺ 13,836,698 | ₺ 9,691,385 | ₺ 10,477,300 |
Defined benefit plans | 306,677 | 138,841 | 163,294 |
Defined contribution plans | 75,500 | 105,964 | 109,411 |
Employee benefit expenses | ₺ 14,218,875 | ₺ 9,936,190 | ₺ 10,750,005 |
Employee Benefit Expenses - S_2
Employee Benefit Expenses - Summary of Employee Benefit Expenses Detail (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Employee Benefit Expenses [abstract] | |||
Remeasurements of defined benefit plans gains/losses | ₺ 149,757 | ₺ 1,824,873 | ₺ 541,628 |
Finance Income and Costs - Summ
Finance Income and Costs - Summary of Finance Income and Costs (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Disclosure Of Finance Income And Costs [abstract] | |||||
Interest income | ₺ 3,118,511 | ₺ 2,126,478 | ₺ 2,211,740 | ||
Income from financial assets carried at fair value | 4,604,960 | 1,738,728 | |||
Cash flow hedges - reclassified to profit or loss | 3,287,562 | 5,831,714 | |||
Net fair value gains on derivative financial instruments and interest | 1,144,406 | 3,361,847 | |||
Other | 508,243 | 92,478 | 122,695 | ||
Finance income | 12,663,682 | 3,957,684 | [1] | 11,527,996 | [1] |
Net foreign exchange losses | (14,016,423) | (7,155,055) | (18,399,847) | ||
Net interest expenses for financial assets and liabilities measured at amortized cost | (5,837,283) | (4,269,930) | (2,817,322) | ||
Net fair value losses on derivative financial instruments and interest | (6,580,717) | ||||
Cash flow hedges - reclassified to profit or loss | 6,253,680 | ||||
Other | (77,911) | (197,134) | (90,866) | ||
Finance costs | (19,931,617) | (11,949,156) | [1] | (21,308,035) | [1] |
Monetary gain (loss) | 3,816,872 | 7,767,102 | [1] | 4,804,527 | [1] |
Net finance costs / income | (3,451,063) | (224,370) | [1] | (4,975,512) | [1] |
Interest income on financial assets at amortized cost | 773,609 | 1,224,264 | 1,294,283 | ||
Interest expense on financial liabilities at amortized cost | (6,610,892) | (5,494,195) | (4,111,605) | ||
Gross foreign exchange gains | 21,087,243 | 15,782,024 | 28,279,084 | ||
Gross foreign exchange losses | ₺ (35,103,667) | ₺ (22,937,079) | ₺ (46,678,932) | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Income Tax Expense - Summary of
Income Tax Expense - Summary of Income Tax Expense (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Major components of tax expense (income) [abstract] | |||||
Current income tax expense | ₺ (683,059) | ₺ (864,540) | ₺ (1,931,842) | ||
Deferred income tax income | 5,358,950 | 3,649,805 | 1,031,503 | ||
Total income tax income/ (expense) | ₺ 4,675,891 | ₺ 2,785,265 | [1] | ₺ (900,339) | [1] |
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Income Tax Expense - Summary _2
Income Tax Expense - Summary of Income Tax Relating to Each Component of Other Comprehensive Income (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |||
Foreign currency translation differences | ₺ 2,860,231 | ₺ (748,669) | ₺ 7,164,377 |
Change in cash flow hedge reserve | 1,573,196 | 2,286,823 | 987,969 |
Change in cost of hedging reserve | (389,364) | (2,170,669) | (3,879,104) |
Fair value reserve | 149,602 | (121,999) | (192,475) |
Hedges of net investments in foreign operations | (2,342,679) | (520,930) | (3,886,535) |
Remeasurements of defined benefit plans | (149,757) | (1,824,873) | (541,628) |
Total, Before tax | 1,701,229 | (3,100,317) | (347,396) |
Foreign currency translation differences | (491,059) | (887,185) | (2,330,871) |
Change in cash flow hedge reserve | 25,502 | (89,836) | (86,967) |
Change in cost of hedging reserve | 274,034 | 434,134 | 775,821 |
Fair value reserve | (5,514) | 35,988 | 38,164 |
Hedges of net investments in foreign operations | 1,181,457 | 440,135 | 843,616 |
Remeasurements of defined benefit plans | 152,178 | 363,876 | 108,418 |
Total, Tax (expense)/benefit | 1,136,598 | 297,112 | (651,819) |
Foreign currency translation differences | 2,369,172 | (1,635,854) | 4,833,506 |
Change in cash flow hedge reserve | 1,598,698 | 2,196,987 | 901,002 |
Change in cost of hedging reserve | (115,330) | (1,736,535) | (3,103,283) |
Fair value reserve | 144,088 | (86,011) | (154,311) |
Hedges of net investments in foreign operations | (1,161,222) | (80,795) | (3,042,919) |
Remeasurements of defined benefit plans | 2,421 | (1,460,997) | (433,210) |
Other comprehensive income/(loss) for the year, net of income tax | ₺ 2,837,827 | ₺ (2,803,205) | ₺ (999,215) |
Income Tax Expense - Summary _3
Income Tax Expense - Summary of Reconciliation of Effective Income Tax Expense (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||||
Jan. 01, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |||
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||||||
Profit from continuing operations before income tax expense | ₺ 5,886,681 | ₺ 3,251,221 | [1] | ₺ 7,317,237 | [1] | ||
Profit before income tax expense | 5,886,681 | 3,251,221 | 7,317,237 | ||||
Tax at the Turkiye's tax rate | (1,471,670) | (747,781) | (1,829,309) | ||||
Difference in overseas tax rates | 101,983 | 146,513 | (10,798) | ||||
Effect of exemptions | 1,973,510 | 1,242,440 | 595,597 | ||||
Effect of permanent differences | (629,884) | (438,771) | (1,327,320) | ||||
Change in unrecognized deferred tax assets | 308,452 | (333,765) | (17,970) | ||||
Adjustments for current tax of prior years | 83,383 | 15,957 | (13,845) | ||||
Effect of increase in corporate tax rate in Turkiye | (1,066,740) | 388,104 | 709,471 | ||||
Tax effect of investment in associate and joint venture | (410,523) | (78,213) | (28,729) | ||||
Tax effect of Law No. 7440 | (282,582) | ||||||
Inflation adjustment | 6,066,324 | 2,593,980 | 1,016,811 | ||||
Other | 3,638 | (3,199) | 5,753 | ||||
Total income tax income/ (expense) | ₺ 4,675,891 | ₺ 2,785,265 | [1] | ₺ (900,339) | [1] | ||
Corporate tax rate | 20% | 25% | 23% | 25% | 20% | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Income Tax Expense - Additional
Income Tax Expense - Additional information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |||||
Mar. 12, 2023 | Jan. 01, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Major components of tax expense (income) [abstract] | ||||||
Percentage of additional tax over deduction amounts (included in 2022 tax returns) and tax bases subject to reduced corporate tax | 10% | |||||
Corporate tax rate | 20% | 25% | 23% | 25% | 20% | |
Corporate tax rate for banks, consumer finance companies, factoring and financial leasing companies, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies | 30% | 25% | 25% | |||
Tax rate used to recognise deferred taxes | 20% | 20% | ||||
Net deferred tax asset arising from inflation adjustment calculated as per Tax Procedural Law | ₺ 13,726,600 | |||||
Allowed percentage deduction of research and development expenses | 100% | |||||
Dividend payments, withholding tax | 10% | |||||
Minimum holding period for founding shares, redeemed shares and priority rights for tax exemption | 2 years | |||||
Percentage of exemption from corporate tax for profits arising from sale of founding shares, redeemed shares and priority rights held | 75% | |||||
Minimum holding period for immovables for tax exemption | 2 years | |||||
Percentage of exemption from corporate tax for immovables held | 50% | |||||
Period during which exempted earnings are considered lost if transferred in any way other than being added to capital | 5 years |
Expenses by Nature - Summary of
Expenses by Nature - Summary of Expenses by Cost of Sales (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Attribution of expenses by nature to their function | |||
Depreciation and amortization | ₺ (31,298,993) | ₺ (32,595,996) | ₺ (31,188,016) |
Employee benefit expenses | (14,218,875) | (9,936,190) | (10,750,005) |
Cost of revenue | |||
Attribution of expenses by nature to their function | |||
Depreciation and amortization | (31,298,993) | (32,595,996) | (31,188,016) |
Cost of goods sold | (10,695,191) | (10,782,150) | (13,866,996) |
Share of Turkish Treasury | (9,290,270) | (7,790,546) | (9,322,838) |
Employee benefit expenses | (8,447,593) | (6,005,316) | (6,613,847) |
Interconnection and termination expenses | (3,955,527) | (5,191,849) | (7,236,584) |
Energy expenses | (3,676,829) | (4,654,112) | (2,830,773) |
Radio expenses | (1,368,805) | (924,245) | (674,525) |
Frequency expenses | (3,424,766) | (2,855,179) | (3,417,467) |
Transmission expenses | (1,465,349) | (1,535,063) | (1,659,329) |
Roaming expenses | (1,134,820) | (1,097,382) | (1,023,156) |
Universal service fund | (1,242,404) | (1,085,290) | (1,283,039) |
Cost of revenue from financial services | (1,850,910) | (1,065,549) | (732,206) |
Internet expenses | (1,186,248) | (1,252,704) | (1,140,267) |
Other | (5,380,330) | (4,845,548) | (5,149,024) |
Operating expense | (84,418,035) | (81,680,929) | (86,138,067) |
Cost of revenue from financial services | |||
Attribution of expenses by nature to their function | |||
Depreciation and amortization | (326,869) | (254,701) | (270,680) |
Employee benefit expenses | ₺ (186,363) | ₺ (132,286) | ₺ (103,546) |
Expenses by Nature - Summary _2
Expenses by Nature - Summary of Expenses by Nature Selling and Marketing Expenses (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Attribution of expenses by nature to their function | |||
Employee benefit expenses | ₺ (14,218,875) | ₺ (9,936,190) | ₺ (10,750,005) |
Selling and marketing expenses | |||
Attribution of expenses by nature to their function | |||
Employee benefit expenses | (3,139,523) | (2,109,509) | (2,282,240) |
Marketing expense | (1,969,736) | (1,799,885) | (2,164,820) |
Selling expense | (306,716) | (363,264) | (444,519) |
Other | (266,371) | (320,135) | (309,455) |
Operating expense | ₺ (5,682,346) | ₺ (4,592,793) | ₺ (5,201,034) |
Expenses by Nature - Summary _3
Expenses by Nature - Summary of Expenses by Nature Administrative Expenses (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Attribution of expenses by nature to their function | |||
Employee benefit expenses | ₺ (14,218,875) | ₺ (9,936,190) | ₺ (10,750,005) |
Administrative expenses | |||
Attribution of expenses by nature to their function | |||
Employee benefit expenses | (2,445,396) | (1,689,078) | (1,750,372) |
Consultancy expenses | (206,083) | (227,975) | (286,278) |
Service expenses | (157,661) | (137,727) | (127,040) |
Maintenance and repair expenses | (71,752) | (87,404) | (88,217) |
Collection expenses | (128,861) | (90,042) | (123,873) |
Travel and entertainment expenses | (83,402) | (62,856) | (50,361) |
Utility expenses | (8,006) | (39,407) | (23,611) |
Other | (328,357) | (244,922) | (208,591) |
Operating expense | ₺ (3,429,518) | ₺ (2,579,411) | ₺ (2,658,343) |
Expenses by Nature - Summary _4
Expenses by Nature - Summary of Net Impairment Losses on Financial and Contract Asset (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Attribution of expenses by nature to their function | |||||
Net impairment losses on financial and contract assets | ₺ (1,008,164) | ₺ (621,978) | [1] | ₺ (847,035) | [1] |
Net impairment losses on financial and contract assets | |||||
Attribution of expenses by nature to their function | |||||
Net impairment losses on financial and contract assets | (1,008,164) | (621,978) | (847,035) | ||
Operating expense | ₺ (1,008,164) | ₺ (621,978) | ₺ (847,035) | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Property, Plant and Equipment -
Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | ₺ 71,494,396 | ₺ 76,258,789 |
Additions net of depreciation | 3,441,606 | 613,642 |
Disposals | (185,158) | (1,094,577) |
Transfers | (523,149) | |
Assets held for sale | (5,797,891) | |
Impairment (expenses)/reversals | 24,793 | (305,900) |
Transfer from/to investment property | 27,891 | (118,244) |
Effects of movements in exchange rates | (1,832,242) | (3,859,314) |
Balance at end of year | 66,650,246 | 71,494,396 |
Gross Carrying Amount | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 218,254,667 | 217,593,169 |
Additions | 15,404,238 | 15,613,531 |
Disposals | (3,047,428) | (3,823,596) |
Transfers | (523,149) | |
Assets held for sale | (15,601,351) | |
Impairment (expenses)/reversals | 874 | 11,621 |
Transfer from/to investment property | 141,411 | (849,429) |
Effects of movements in exchange rates | (2,612,648) | (10,290,629) |
Balance at end of year | 212,016,614 | 218,254,667 |
Gross Carrying Amount | Network infrastructure [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 188,873,033 | 188,204,239 |
Additions | 5,407,763 | 6,055,634 |
Disposals | (2,745,510) | (3,210,322) |
Transfers | 7,440,574 | 7,011,308 |
Assets held for sale | (14,934,868) | |
Effects of movements in exchange rates | (2,210,749) | (9,187,826) |
Balance at end of year | 181,830,243 | 188,873,033 |
Gross Carrying Amount | Land and buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 10,002,000 | 10,729,703 |
Additions | 1,505,727 | 554,894 |
Disposals | (22,560) | (3,045) |
Transfers | 52,430 | 3,490 |
Assets held for sale | (99,423) | |
Transfer from/to investment property | 141,411 | (849,429) |
Effects of movements in exchange rates | (113,337) | (433,613) |
Balance at end of year | 11,466,248 | 10,002,000 |
Gross Carrying Amount | Equipment, fixtures and fittings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 11,305,347 | 10,962,783 |
Additions | 1,173,745 | 1,178,734 |
Disposals | (178,394) | (510,040) |
Transfers | 322,061 | 115,030 |
Assets held for sale | (172,585) | |
Effects of movements in exchange rates | (480,268) | (441,160) |
Balance at end of year | 11,969,906 | 11,305,347 |
Gross Carrying Amount | Motor vehicles [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 173,393 | 182,643 |
Additions | 30,696 | |
Disposals | (8,342) | (2,150) |
Transfers | 204 | 938 |
Assets held for sale | (2,474) | |
Effects of movements in exchange rates | (5,021) | (8,038) |
Balance at end of year | 188,456 | 173,393 |
Gross Carrying Amount | Leasehold improvements [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 3,741,428 | 3,749,640 |
Additions | 70,672 | 48,300 |
Disposals | (546) | (37,712) |
Transfers | (3) | 1,064 |
Assets held for sale | (25,188) | |
Effects of movements in exchange rates | (2,133) | (19,864) |
Balance at end of year | 3,784,230 | 3,741,428 |
Gross Carrying Amount | Electricity production power plant [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 339,138 | 342,283 |
Effects of movements in exchange rates | (3,145) | |
Balance at end of year | 339,138 | 339,138 |
Gross Carrying Amount | Construction in progress [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 3,820,328 | 3,421,878 |
Additions | 7,215,635 | 7,775,969 |
Disposals | (92,076) | (60,327) |
Transfers | (8,338,415) | (7,131,830) |
Assets held for sale | (366,813) | |
Impairment (expenses)/reversals | 874 | 11,621 |
Effects of movements in exchange rates | 198,860 | (196,983) |
Balance at end of year | 2,438,393 | 3,820,328 |
Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | (146,760,271) | (141,334,380) |
Additions - depreciation | (11,962,632) | (14,999,889) |
Disposals | 2,862,270 | 2,729,019 |
Assets held for sale | 9,803,460 | |
Impairment (expenses)/reversals | 23,919 | (317,521) |
Transfer from/to investment property | (113,520) | 731,185 |
Effects of movements in exchange rates | 780,406 | 6,431,315 |
Balance at end of year | (145,366,368) | (146,760,271) |
Accumulated depreciation, amortization and impairment [member] | Network infrastructure [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | (130,110,166) | (124,789,832) |
Additions - depreciation | (9,081,063) | (12,829,570) |
Disposals | 2,719,073 | 2,317,913 |
Assets held for sale | 9,582,040 | |
Impairment (expenses)/reversals | 23,686 | (303,986) |
Effects of movements in exchange rates | 87,384 | 5,495,309 |
Balance at end of year | (126,779,046) | (130,110,166) |
Accumulated depreciation, amortization and impairment [member] | Land and buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | (1,981,910) | (2,543,152) |
Additions - depreciation | (678,931) | (381,603) |
Disposals | 8,244 | |
Assets held for sale | 70,158 | |
Impairment (expenses)/reversals | 219 | (348) |
Transfer from/to investment property | (113,520) | 731,185 |
Effects of movements in exchange rates | (163,255) | 212,008 |
Balance at end of year | (2,858,995) | (1,981,910) |
Accumulated depreciation, amortization and impairment [member] | Equipment, fixtures and fittings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | (11,097,747) | (10,429,522) |
Additions - depreciation | (2,117,619) | (1,729,653) |
Disposals | 127,038 | 372,532 |
Assets held for sale | 126,994 | |
Impairment (expenses)/reversals | 14 | (13,146) |
Effects of movements in exchange rates | 825,232 | 702,042 |
Balance at end of year | (12,136,088) | (11,097,747) |
Accumulated depreciation, amortization and impairment [member] | Motor vehicles [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | (161,429) | (159,896) |
Additions - depreciation | (31,412) | (11,534) |
Disposals | 7,915 | 2,154 |
Assets held for sale | 2,057 | |
Effects of movements in exchange rates | 4,811 | 7,847 |
Balance at end of year | (178,058) | (161,429) |
Accumulated depreciation, amortization and impairment [member] | Leasehold improvements [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | (3,384,838) | (3,405,584) |
Additions - depreciation | (36,514) | (30,302) |
Disposals | 36,420 | |
Assets held for sale | 22,211 | |
Impairment (expenses)/reversals | (41) | |
Effects of movements in exchange rates | 1,471 | 14,669 |
Balance at end of year | (3,397,670) | (3,384,838) |
Accumulated depreciation, amortization and impairment [member] | Electricity production power plant [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | (24,181) | (6,394) |
Additions - depreciation | (17,093) | (17,227) |
Effects of movements in exchange rates | 24,763 | (560) |
Balance at end of year | ₺ (16,511) | ₺ (24,181) |
Property, Plant and Equipment_2
Property, Plant and Equipment - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [abstract] | ||
Depreciation expenses on property, plant and equipment, including impairment | ₺ 11,937,839 | ₺ 15,305,789 |
Impairment expenses/(reversals) | ₺ (24,793) | ₺ 305,900 |
Intangible Assets - Summary of
Intangible Assets - Summary of Intangible Assets and Goodwill (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | ₺ 61,498,735 | ₺ 67,918,125 |
Additions net of amortization | (242,958) | (4,364,869) |
Disposals | (226,159) | (63,000) |
Transfers | 523,149 | |
Assets held for sale | (3,299,805) | |
Impairment (expenses)/reversals | (23,372) | (85,716) |
Effects of movements in exchange rates | 281,807 | (1,905,805) |
Balance at end of year | 58,511,397 | 61,498,735 |
Gross Carrying Amount | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 204,450,114 | 196,896,845 |
Additions | 17,093,257 | 11,152,761 |
Disposals | (495,718) | (451,780) |
Transfers | 523,149 | |
Assets held for sale | (7,085,969) | |
Impairment (expenses)/reversals | (7,176) | |
Effects of movements in exchange rates | 735,241 | (3,147,712) |
Balance at end of year | 215,212,898 | 204,450,114 |
Gross Carrying Amount | Telecommunication licenses | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 70,152,194 | 73,385,234 |
Additions | 3,613,018 | 1,664 |
Disposals | (59,797) | (57,933) |
Transfers | 181,814 | 1,504 |
Assets held for sale | (5,149,479) | |
Effects of movements in exchange rates | (430,834) | (3,178,275) |
Balance at end of year | 68,306,916 | 70,152,194 |
Gross Carrying Amount | Computer software | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 95,767,623 | 89,532,740 |
Additions | 7,908,723 | 5,779,710 |
Disposals | (173,279) | (280,355) |
Transfers | 453,280 | 340,680 |
Assets held for sale | (1,359,776) | |
Effects of movements in exchange rates | 1,087,039 | 394,848 |
Balance at end of year | 103,683,610 | 95,767,623 |
Gross Carrying Amount | Transmission lines software [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 1,030,729 | 988,369 |
Additions | 972 | 1,112 |
Disposals | (3,688) | |
Effects of movements in exchange rates | 25,231 | 41,248 |
Balance at end of year | 1,053,244 | 1,030,729 |
Gross Carrying Amount | Indefeasible right of usage [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 1,012,694 | 1,012,694 |
Additions | 2,943 | |
Balance at end of year | 1,015,637 | 1,012,694 |
Gross Carrying Amount | Brand name [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 11,292 | 13,996 |
Additions | 53 | 611 |
Disposals | (49) | (545) |
Transfers | 188 | 124 |
Assets held for sale | (614) | |
Effects of movements in exchange rates | (102) | (2,894) |
Balance at end of year | 10,768 | 11,292 |
Gross Carrying Amount | Customer base [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 48,967 | 65,107 |
Effects of movements in exchange rates | (9,872) | (16,140) |
Balance at end of year | 39,095 | 48,967 |
Gross Carrying Amount | Goodwill [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 419,754 | 427,353 |
Impairment (expenses)/reversals | (7,176) | |
Effects of movements in exchange rates | (4,649) | (7,599) |
Balance at end of year | 407,929 | 419,754 |
Gross Carrying Amount | Subscriber acquisition cost [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 34,103,021 | 29,629,666 |
Additions | 5,031,195 | 4,875,036 |
Disposals | (125,098) | (111,624) |
Assets held for sale | (575,070) | |
Effects of movements in exchange rates | 84,049 | (290,057) |
Balance at end of year | 38,518,097 | 34,103,021 |
Gross Carrying Amount | Electricity production license [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 709,869 | 778,332 |
Effects of movements in exchange rates | (41,875) | (68,463) |
Balance at end of year | 667,994 | 709,869 |
Gross Carrying Amount | Other intangible assets | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 1,118,057 | 935,930 |
Additions | 164,935 | 200,535 |
Disposals | (860) | (733) |
Transfers | (23,060) | 3 |
Assets held for sale | (161) | |
Effects of movements in exchange rates | (11,527) | (17,678) |
Balance at end of year | 1,247,384 | 1,118,057 |
Gross Carrying Amount | Construction in progress | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 75,914 | 127,424 |
Additions | 371,418 | 294,093 |
Disposals | (132,947) | (590) |
Transfers | (89,073) | (342,311) |
Assets held for sale | (869) | |
Effects of movements in exchange rates | 37,781 | (2,702) |
Balance at end of year | 262,224 | 75,914 |
Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (142,951,379) | (128,978,720) |
Additions - amortization | (17,336,215) | (15,517,630) |
Disposals | 269,559 | 388,780 |
Assets held for sale | 3,786,164 | |
Impairment (expenses)/reversals | (16,196) | (85,716) |
Effects of movements in exchange rates | (453,434) | 1,241,907 |
Balance at end of year | (156,701,501) | (142,951,379) |
Accumulated depreciation, amortization and impairment [member] | Telecommunication licenses | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (47,255,448) | (44,068,178) |
Additions - amortization | (4,275,416) | (4,523,381) |
Disposals | 4,766 | 3,162 |
Assets held for sale | 3,194,034 | |
Impairment (expenses)/reversals | (3) | (506) |
Effects of movements in exchange rates | 244,068 | 1,333,455 |
Balance at end of year | (48,087,999) | (47,255,448) |
Accumulated depreciation, amortization and impairment [member] | Computer software | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (72,926,450) | (66,868,545) |
Additions - amortization | (6,425,747) | (5,737,378) |
Disposals | 135,165 | 272,867 |
Assets held for sale | 204,567 | |
Impairment (expenses)/reversals | (15,716) | (101,269) |
Effects of movements in exchange rates | (980,719) | (492,125) |
Balance at end of year | (80,008,900) | (72,926,450) |
Accumulated depreciation, amortization and impairment [member] | Transmission lines software [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (1,015,248) | (1,001,840) |
Additions - amortization | (26,303) | (31,887) |
Disposals | 3,688 | |
Impairment (expenses)/reversals | 16,604 | |
Effects of movements in exchange rates | (5,381) | 1,875 |
Balance at end of year | (1,043,244) | (1,015,248) |
Accumulated depreciation, amortization and impairment [member] | Indefeasible right of usage [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (579,827) | (522,256) |
Additions - amortization | (63,302) | (58,315) |
Effects of movements in exchange rates | 454 | 744 |
Balance at end of year | (642,675) | (579,827) |
Accumulated depreciation, amortization and impairment [member] | Brand name [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (16,512) | (27,544) |
Additions - amortization | (65) | (117) |
Disposals | 21 | 394 |
Assets held for sale | 340 | |
Effects of movements in exchange rates | 6,401 | 10,755 |
Balance at end of year | (9,815) | (16,512) |
Accumulated depreciation, amortization and impairment [member] | Customer base [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (35,051) | (49,300) |
Additions - amortization | (2,005) | |
Effects of movements in exchange rates | 8,714 | 14,249 |
Balance at end of year | (28,342) | (35,051) |
Accumulated depreciation, amortization and impairment [member] | Subscriber acquisition cost [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (20,368,047) | (15,840,829) |
Additions - amortization | (6,382,401) | (5,010,502) |
Disposals | 125,098 | 111,624 |
Assets held for sale | 387,076 | |
Effects of movements in exchange rates | 267,239 | 371,660 |
Balance at end of year | (25,971,035) | (20,368,047) |
Accumulated depreciation, amortization and impairment [member] | Electricity production license [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (9,938) | (9,154) |
Additions - amortization | (30,167) | |
Effects of movements in exchange rates | (12,338) | (784) |
Balance at end of year | (52,443) | (9,938) |
Accumulated depreciation, amortization and impairment [member] | Other intangible assets | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (744,858) | (591,074) |
Additions - amortization | (130,809) | (156,050) |
Disposals | 821 | 733 |
Assets held for sale | 147 | |
Impairment (expenses)/reversals | (477) | (545) |
Effects of movements in exchange rates | 18,128 | 2,078 |
Balance at end of year | ₺ (857,048) | ₺ (744,858) |
Intangible Assets - Additional
Intangible Assets - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about intangible assets [line items] | ||
Amortization expense | ₺ 17,352,411 | ₺ 15,603,346 |
Impairment losses on intangible assets | 23,372 | 85,716 |
Research and development expense | 132,635 | 129,078 |
Internally generated [member] | Computer software | ||
Disclosure of detailed information about intangible assets [line items] | ||
Capitalized cost | ₺ 1,643,698 | ₺ 900,089 |
Intangible Assets - Turkcell 2G
Intangible Assets - Turkcell 2G, 3G and 4.5G Licenses - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | ₺ 58,511,397 | ₺ 61,498,735 | ₺ 67,918,125 |
Turkcell 2G license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | 3,221,124 | 174,274 | |
Turkcell 3G license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | 2,268,481 | 2,722,179 | |
Turkcell 4.5G license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | ₺ 14,195,189 | ₺ 17,038,518 |
Impairment of non-financial a_2
Impairment of non-financial assets (Details) - Lifecell CGU ₺ in Thousands | 12 Months Ended |
Dec. 31, 2022 TRY (₺) | |
Impairment of non-financial assets | |
Impairment loss recognized | ₺ 0 |
Period considered for projected cash flows | 6 years |
Terminal growth rate | 5% |
Minimum | |
Impairment of non-financial assets | |
Post-tax WACC rate | 37.70% |
Maximum | |
Impairment of non-financial assets | |
Post-tax WACC rate | 39% |
Weighted average cost of capital (WACC) | |
Impairment of non-financial assets | |
Sensitivity analysis, percentage of possible increase | 0.50% |
Sensitivity analysis, percentage of possible decrease | 0.50% |
Subscribers, average revenue per user (ARPU) and EBITDA margin | Minimum | |
Impairment of non-financial assets | |
Sensitivity analysis, percentage of possible increase | 1% |
Subscribers, average revenue per user (ARPU) and EBITDA margin | Maximum | |
Impairment of non-financial assets | |
Sensitivity analysis, percentage of possible increase | 5% |
Investment Properties - Summary
Investment Properties - Summary of Increase (Decrease) in Fair Value (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about investment property [line items] | ||
Opening balance | ₺ 179,085 | |
Closing balance | 142,365 | ₺ 179,085 |
Gross Carrying Amount | ||
Disclosure of detailed information about investment property [line items] | ||
Opening balance | 1,329,958 | 737,031 |
Disposal | (256,502) | |
Transfer from property, plant and equipment | (141,411) | 849,429 |
Closing balance | 1,188,547 | 1,329,958 |
Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Opening balance | (1,150,873) | (555,938) |
Disposal | 170,678 | |
Transfer from property, plant and equipment | 113,520 | (731,185) |
Depreciation and impairment charges during the year | (8,829) | (34,428) |
Closing balance | ₺ (1,046,182) | ₺ (1,150,873) |
Investment Properties - Additio
Investment Properties - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about investment property [abstract] | ||
Depreciation expenses | ₺ 8,829 | ₺ 34,428 |
Rental income | 24,066 | 24,205 |
Direct operating expense from investment property | ₺ 0 | ₺ 0 |
Investment Properties - Summa_2
Investment Properties - Summary of Investment Properties and Information About Fair Value Hierarchy (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | ₺ 142,365 | ₺ 179,085 |
Level 2 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 137,200 | 142,775 |
Level 3 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 164,000 | 162,895 |
Investment properties in Gebze | Level 3 | Fair value | Discounted cash flow [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 164,000 | 162,895 |
Investment properties in Ankara | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 96,700 | 96,392 |
Investment properties in Istanbul | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 10,710 | |
Investment properties in Adana | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 24,500 | 21,420 |
Investment properties in Aydin | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | ₺ 16,000 | ₺ 14,253 |
Right-of-Use Assets - Summary o
Right-of-Use Assets - Summary of Closing Balances of Right-of-Use Assets and Depreciation and Amortization Expenses (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | ₺ 8,054,305 | ₺ 10,359,936 |
Depreciation and amortization charge for the year | (4,159,469) | (4,643,060) |
Ending balance | 6,136,092 | 8,054,305 |
Tangible [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 6,647,366 | 8,482,411 |
Depreciation and amortization charge for the year | (3,910,102) | (4,360,626) |
Ending balance | 5,713,757 | 6,647,366 |
Site rent [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 4,642,828 | 5,545,497 |
Depreciation and amortization charge for the year | (2,132,213) | (2,487,303) |
Ending balance | 3,865,774 | 4,642,828 |
Building [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 1,141,005 | 1,150,710 |
Depreciation and amortization charge for the year | (314,369) | (276,268) |
Ending balance | 1,273,779 | 1,141,005 |
Network infrastructure [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 226,757 | 907,565 |
Depreciation and amortization charge for the year | (1,007,606) | (1,081,663) |
Ending balance | 205,097 | 226,757 |
Vehicles [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 300,524 | 499,852 |
Depreciation and amortization charge for the year | (178,464) | (187,731) |
Ending balance | 144,619 | 300,524 |
Other tangible assets [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 336,252 | 378,787 |
Depreciation and amortization charge for the year | (277,450) | (327,661) |
Ending balance | 224,488 | 336,252 |
Intangible [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 1,406,939 | 1,877,525 |
Depreciation and amortization charge for the year | (249,367) | (282,434) |
Ending balance | 422,335 | 1,406,939 |
Rights of way [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 360,474 | 167,881 |
Depreciation and amortization charge for the year | (79,859) | (86,992) |
Ending balance | 421,586 | 360,474 |
License [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 1,046,465 | 1,709,644 |
Depreciation and amortization charge for the year | (169,508) | (195,442) |
Ending balance | ₺ 749 | ₺ 1,046,465 |
Right-of-Use Assets - Additiona
Right-of-Use Assets - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Additions to right-of-use assets | ₺ 3,990,614 | ₺ 3,814,556 | |
Interest expense on lease liabilities | 831,599 | 911,081 | |
Depreciation and amortization expenses | 4,159,469 | 4,643,060 | |
Right-of-use assets | 6,136,092 | ₺ 8,054,305 | ₺ 10,359,936 |
Assets held for sale | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right-of-use assets | ₺ 1,327,438 |
Other assets - Summary of Other
Other assets - Summary of Other Assets (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Other assets | ||
Advances given for property, plant and equipment | ₺ 3,377,893 | ₺ 4,166,670 |
Deposits and guarantees given | 599,170 | 616,999 |
Prepaid expenses | 373,192 | 441,306 |
VAT receivable | 80,015 | 83,484 |
Others | 154 | 59,711 |
Other Non-current assets | 4,430,424 | 5,368,170 |
VAT receivable | 1,230,366 | 964,020 |
Prepaid expenses | 1,070,710 | 753,825 |
Prepaid taxes | 393,101 | 736,357 |
Blocked deposits | 784,789 | 267,909 |
Receivables from the Ministry of Transport and Infrastructure of Turkiye | 75,895 | 226,948 |
Advances given to suppliers | 100,233 | 185,518 |
Receivables from tax office | 116,912 | 3,137 |
Other | 103,767 | 52,928 |
Other current assets | ₺ 3,875,773 | ₺ 3,190,642 |
Deferred Tax Assets and Liabi_3
Deferred Tax Assets and Liabilities - Recognized Deferred Tax Assets and Liabilities (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | ₺ 6,740,015 | ₺ 7,567,411 | |
Offsetting | (5,611,266) | (4,834,998) | |
Net deferred tax assets | 1,128,749 | 2,732,413 | |
Deferred tax liabilities | (7,897,430) | (13,826,081) | |
Offsetting | 5,611,266 | 4,834,998 | |
Net deferred tax liabilities | (2,286,164) | (8,991,083) | |
Net deferred tax asset/(liabilities) | (1,157,415) | (6,258,670) | ₺ (9,005,440) |
Property, plant & equipment and intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,352,654 | 1,081,120 | |
Deferred tax liabilities | (7,085,009) | (12,513,875) | |
Net deferred tax asset/(liabilities) | (5,732,355) | (11,432,755) | |
Derivative financial instruments | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 38,805 | 49,808 | |
Deferred tax liabilities | (617,192) | (902,064) | |
Net deferred tax asset/(liabilities) | (578,387) | (852,256) | |
Reserve for defined benefit plans and provisions | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,413,779 | 750,939 | |
Deferred tax liabilities | (29,350) | (12,763) | |
Net deferred tax asset/(liabilities) | 1,384,429 | 738,176 | |
Unused tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,638,003 | 3,812,018 | |
Net deferred tax asset/(liabilities) | 1,638,003 | 3,812,018 | |
Unused tax credits [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 577,944 | 159,793 | |
Deferred tax liabilities | (1,089) | ||
Net deferred tax asset/(liabilities) | 577,944 | 158,704 | |
Other assets and liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,718,830 | 1,713,733 | |
Deferred tax liabilities | (165,879) | (396,290) | |
Net deferred tax asset/(liabilities) | ₺ 1,552,951 | ₺ 1,317,443 |
Deferred Tax Assets and Liabi_4
Deferred Tax Assets and Liabilities - Movement in Temporary Differences (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred tax assets and liabilities | |||
Opening balance | ₺ (6,258,670) | ₺ (9,005,440) | |
Income tax income | 5,358,950 | 3,649,805 | ₺ 1,031,503 |
Tax charge relating to components of other comprehensive income | 1,136,598 | 297,112 | (651,819) |
Transferred to assets held for sale | (1,315,876) | ||
Exchange differences | (78,417) | (1,200,147) | |
Ending balance | ₺ (1,157,415) | ₺ (6,258,670) | ₺ (9,005,440) |
Deferred Tax Assets and Liabi_5
Deferred Tax Assets and Liabilities - Unused tax loss (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | ₺ 8,533,187 | ₺ 11,979,388 |
Not later than one year [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 1,120,896 | |
1-2 years | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 3,893,414 | |
2-3 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 153,032 | |
3-4 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 2,181,097 | |
4-5 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 595,424 | |
6-7 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 247,881 | |
7-8 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 308,009 | |
Indefinite [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | ₺ 33,434 |
Deferred Tax Assets and Liabi_6
Deferred Tax Assets and Liabilities - Additional Information (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Deferred tax assets and liabilities | ||
Unrecognized deferred tax on unused tax losses | ₺ 1,815,562 | ₺ 2,304,900 |
Unused tax losses for which no deferred tax asset recognised | ₺ 8,533,187 | ₺ 11,979,388 |
Trade receivables (Details)
Trade receivables (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Trade Receivables [line items] | ||
Receivables from subscribers | ₺ 6,950,428 | ₺ 6,422,491 |
Undue assigned contracted receivables | 624,799 | 856,167 |
Accounts and notes receivable | 3,350,418 | 3,703,559 |
Current trade receivables | 10,925,645 | 10,982,217 |
Letters of guarantee received | 1,027,834 | 729,153 |
Non-current undue assigned contracted receivables | 233,429 | 327,285 |
Non-current trade receivables | 325,862 | 492,274 |
Loss Allowance | ||
Trade Receivables [line items] | ||
Current trade receivables | ₺ (557,641) | ₺ (1,021,775) |
Receivables from Financial Se_3
Receivables from Financial Services - Schedule of Receivables from Financial Services (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Receivables from financial services | ||
Non-current receivables from financial services | ₺ 593,550 | ₺ 469,830 |
Current receivables from financial services | 5,842,112 | 5,399,259 |
Receivables from financial services | ₺ 6,435,662 | ₺ 5,869,089 |
Contract Assets - Summary of Co
Contract Assets - Summary of Contract Assets (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Contract assets [abstract] | ||
Non current contract assets | ₺ 101,281 | ₺ 110,487 |
Current contract assets | 3,191,739 | 3,112,465 |
Contract assets | ₺ 3,293,020 | ₺ 3,222,952 |
Inventories - Additional Inform
Inventories - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Inventories [abstract] | ||
Inventories | ₺ 540,507 | ₺ 494,988 |
Cash and Cash Equivalents (Deta
Cash and Cash Equivalents (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Cash and cash equivalents | ||
Receivables from reverse repo | ₺ 0 | ₺ 6,103,453 |
Cash and cash equivalents | 49,978,716 | 42,776,160 |
Gross Carrying Amount | ||
Cash and cash equivalents | ||
Cash in hand | 335 | 591 |
Banks | 50,025,071 | 42,823,111 |
Demand deposits | 4,215,677 | 3,598,726 |
Time deposits | 45,809,394 | 33,120,932 |
Receivables from reverse repo | 6,103,453 | |
Loss Allowance | ||
Cash and cash equivalents | ||
Cash and cash equivalents | ₺ (46,690) | ₺ (47,542) |
Cash and Cash Equivalents - Sta
Cash and Cash Equivalents - Statements of cash flow (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and cash equivalents | ||||
Cash and cash equivalents | ₺ 49,978,716 | ₺ 42,776,160 | ||
Interest accrual of cash and cash equivalents | (171,284) | (33,956) | ||
Asset held for sale | 4,017,443 | |||
Total | ₺ 53,824,875 | ₺ 42,742,204 | ₺ 50,398,771 | ₺ 43,662,519 |
Cash and Cash Equivalents - Add
Cash and Cash Equivalents - Additional Information (Details) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Time deposits | ||
Cash and Cash Equivalents | ||
Average maturity | 39 days | 22 days |
Receivables from reverse repo | ||
Cash and Cash Equivalents | ||
Average maturity | 23 days | |
TL | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 42.20% | 22.80% |
USD | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 4.10% | 2.40% |
USD | Receivables from reverse repo | ||
Cash and Cash Equivalents | ||
Effective interest rate | 3% | |
EUR | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 3.70% | 2.60% |
EUR | Receivables from reverse repo | ||
Cash and Cash Equivalents | ||
Effective interest rate | 2.80% | |
CNY | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 0.70% | 0.30% |
Financial assets (Details)
Financial assets (Details) ₺ in Thousands, € in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 TRY (₺) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | |
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | ₺ 647,513 | ₺ 3,475,814 | ||
Financial assets, current | 8,869,828 | 7,882,015 | ||
Amortized cost | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | 1,233,597 | |||
Amortized cost | Time deposits with maturity of more than three months | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | 1,233,597 | |||
Financial asset at fair value through profit or loss | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | 541,490 | 426,147 | ||
Financial assets, current | 8,869,828 | 6,648,418 | ||
Financial asset at fair value through profit or loss | Currency protected time deposits | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | ₺ 8,869,828 | 6,648,418 | ||
Average maturity | 1 year | |||
Financial asset at fair value through profit or loss | Currency Deposit Account | USD | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | $ | $ 190,356 | |||
Financial asset at fair value through profit or loss | Currency Deposit Account | EUR | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | € | € 85,000 | |||
Financial asset at fair value through profit or loss | Investment funds | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | ₺ 541,490 | 426,147 | ||
Fair value through other comprehensive income | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | 106,023 | 3,049,667 | ||
Fair value through other comprehensive income | Listed debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | ₺ 106,023 | ₺ 3,049,667 |
Financial assets - Levels (Deta
Financial assets - Levels (Details) - At fair value [member] - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Financial assets | ||
Financial asset at fair value | ₺ 9,517,341 | ₺ 10,124,232 |
Fair value through other comprehensive income | Level 1 | ||
Financial assets | ||
Financial asset at fair value | ₺ 106,023 | 3,049,667 |
Valuation technique | Pricing models based on quoted market prices at the end of the reporting period, | |
Financial asset at fair value through profit or loss | Level 1 | ||
Financial assets | ||
Financial asset at fair value | ₺ 82,311 | 32,925 |
Valuation technique | Pricing models based on quoted market prices at the end of the reporting period, | |
Financial asset at fair value through profit or loss | Level 2 | ||
Financial assets | ||
Financial asset at fair value | ₺ 8,869,828 | 6,648,418 |
Valuation technique | Forward exchange rates at the reporting date | |
Financial asset at fair value through profit or loss | Level 3 | ||
Financial assets | ||
Financial asset at fair value | ₺ 459,179 | ₺ 393,222 |
Valuation technique | Pricing models based on discounted cash flow |
Financial assets - Nominal and
Financial assets - Nominal and fair value of financial assets (Details) ₺ in Thousands, € in Thousands, $ in Thousands | Dec. 31, 2023 TRY (₺) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 USD ($) |
Listed debt securities | ||||
Financial assets | ||||
Financial asset at fair value | ₺ 106,023 | ₺ 3,049,667 | ||
Currency protected time deposits | ||||
Financial assets | ||||
Financial asset at fair value | 8,869,828 | 6,648,418 | ||
16 February 2026 | EUR | Listed debt securities | ||||
Financial assets | ||||
Notional amount | € | € 24,000 | |||
Financial asset at fair value | ₺ 777,764 | |||
Fair Value Maturity Date | 16 February 2026 | |||
8 July 2027 | EUR | Listed debt securities | ||||
Financial assets | ||||
Notional amount | € | 15,000 | |||
Financial asset at fair value | ₺ 459,852 | |||
Fair Value Maturity Date | 8 July 2027 | |||
11 April 2023 | EUR | Listed debt securities | ||||
Financial assets | ||||
Notional amount | € | € 5,000 | |||
Financial asset at fair value | ₺ 164,732 | |||
Fair Value Maturity Date | 11 April 2023 | |||
31 March 2025 | USD | Listed debt securities | ||||
Financial assets | ||||
Notional amount | $ | $ 3,700 | |||
Financial asset at fair value | ₺ 120,802 | |||
Fair Value Maturity Date | 31 March 2025 | |||
14 July 2023 | USD | Listed debt securities | ||||
Financial assets | ||||
Notional amount | $ | 21,000 | |||
Financial asset at fair value | ₺ 644,610 | |||
Fair Value Maturity Date | 14 July 2023 | |||
25 March 2027 | USD | Listed debt securities | ||||
Financial assets | ||||
Notional amount | $ | 18,000 | |||
Financial asset at fair value | ₺ 508,090 | |||
Fair Value Maturity Date | 25 March 2027 | |||
13 November 2025 | USD | Listed debt securities | ||||
Financial assets | ||||
Notional amount | $ | 5,000 | |||
Financial asset at fair value | ₺ 161,123 | |||
Fair Value Maturity Date | 13 November 2025 | |||
25 January 2023 | USD | Listed debt securities | ||||
Financial assets | ||||
Notional amount | $ | 3,000 | |||
Financial asset at fair value | ₺ 92,001 | |||
Fair Value Maturity Date | 25 January 2023 | |||
10 August 2024 | USD | Listed debt securities | ||||
Financial assets | ||||
Notional amount | $ | 1,000 | |||
Financial asset at fair value | ₺ 30,549 | |||
Fair Value Maturity Date | 10 August 2024 | |||
22 February 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | 1,191,635 | |||
Financial asset at fair value | ₺ 1,732,409 | |||
Fair Value Maturity Date | 22 February 2024 | |||
26 February 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 1,071,635 | |||
Financial asset at fair value | ₺ 1,722,282 | |||
Fair Value Maturity Date | 26 February 2024 | |||
27 February 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 955,742 | |||
Financial asset at fair value | ₺ 1,155,750 | |||
Fair Value Maturity Date | 27 February 2024 | |||
26 April 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 599,368 | |||
Financial asset at fair value | ₺ 715,056 | |||
Fair Value Maturity Date | 26 April 2024 | |||
10 May 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 972,020 | |||
Financial asset at fair value | ₺ 499,665 | |||
Fair Value Maturity Date | 10 May 2024 | |||
12 February 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 207,853 | |||
Financial asset at fair value | ₺ 418,545 | |||
Fair Value Maturity Date | 12 February 2024 | |||
28 February 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 700,000 | |||
Financial asset at fair value | ₺ 778,068 | |||
Fair Value Maturity Date | 28 February 2024 | |||
31 July 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 428,045 | |||
Financial asset at fair value | ₺ 474,316 | |||
Fair Value Maturity Date | 31 July 2024 | |||
16 August 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 269,857 | |||
Financial asset at fair value | ₺ 325,875 | |||
Fair Value Maturity Date | 16 August 2024 | |||
28 August 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 274,462 | |||
Financial asset at fair value | ₺ 323,482 | |||
Fair Value Maturity Date | 28 August 2024 | |||
02 October 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 229,780 | |||
Financial asset at fair value | ₺ 253,153 | |||
Fair Value Maturity Date | 02 October 2024 | |||
01 April 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 140,639 | |||
Financial asset at fair value | ₺ 170,242 | |||
Fair Value Maturity Date | 01 April 2024 | |||
15 April 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 94,501 | |||
Financial asset at fair value | ₺ 150,592 | |||
Fair Value Maturity Date | 15 April 2024 | |||
24 October 2024 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 94,501 | |||
Financial asset at fair value | ₺ 150,393 | |||
Fair Value Maturity Date | 24 October 2024 | |||
10 May 2023 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 1,564,478 | |||
Financial asset at fair value | ₺ 2,037,015 | |||
Fair Value Maturity Date | 10 May 2023 | |||
27 February 2023 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 1,160,181 | |||
Financial asset at fair value | ₺ 1,565,557 | |||
Fair Value Maturity Date | 27 February 2023 | |||
15 August 2023 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 1,155,113 | |||
Financial asset at fair value | ₺ 1,351,781 | |||
Fair Value Maturity Date | 15 August 2023 | |||
16 August 2023 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 719,717 | |||
Financial asset at fair value | ₺ 842,611 | |||
Fair Value Maturity Date | 16 August 2023 | |||
11 May 2023 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 379,577 | |||
Financial asset at fair value | ₺ 493,978 | |||
Fair Value Maturity Date | 11 May 2023 | |||
2 October 2023 | TL | Currency protected time deposits | ||||
Financial assets | ||||
Notional amount | ₺ 305,578 | |||
Financial asset at fair value | ₺ 357,476 | |||
Fair Value Maturity Date | 02 October 2023 | |||
Indefinite | TL | Listed debt securities | ||||
Financial assets | ||||
Notional amount | ₺ 73,426 | |||
Financial asset at fair value | ₺ 106,023 | |||
Fair Value Maturity Date | Indefinite | |||
Indefinite | USD | Listed debt securities | ||||
Financial assets | ||||
Notional amount | $ | $ 50,000 | |||
Financial asset at fair value | ₺ 90,144 | |||
Fair Value Maturity Date | Indefinite |
Financial assets - Gain losses
Financial assets - Gain losses on other comprehensive income (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Gains / (Losses) recognized in other comprehensive income | |||
Related to financial assets | ₺ 149,602 | ₺ (121,999) | ₺ (192,475) |
- Income tax relating to financial assets measured at fair value | (5,514) | 35,988 | 38,164 |
Gains (losses) recognized in other comprehensive income | ₺ 144,088 | ₺ (86,011) | ₺ (154,311) |
Equity - Additional Information
Equity - Additional Information (Detail) - TRY (₺) ₺ / shares in Units, ₺ in Thousands | 12 Months Ended | |||
Sep. 13, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Apr. 05, 2024 | |
Equity | ||||
Share capital authorized | 2,200,000,000 | 2,200,000,000 | ||
Share capital, issued and fully paid shares | 2,200,000,000 | 2,200,000,000 | ||
Share capital, par value | ₺ 1 | ₺ 1 | ||
Number of shares pledged as security | 995,509 | 995,509 | ||
First level legal reserves as percentage of distributable income per statutory accounts each year | 5% | |||
Ceiling on the first legal reserves as percentage of paid-up capital | 20% | |||
Second legal reserves | 10% | |||
Minimum obligatory dividend pay-out as percentage of paid-up capital | 5% | |||
Ceiling on the second legal reserves as percentage of paid-up capital | 50% | |||
Number of own shares purchased | 1,000,000 | |||
Dividends | ₺ (2,484,979) | ₺ (2,391,534) | ||
Dividends per share | ₺ 1.0272 | |||
Minimum | ||||
Equity | ||||
Price of own shares purchased | ₺ 33.46 | |||
Maximum | ||||
Equity | ||||
Price of own shares purchased | ₺ 34 |
Equity - Summary of Shareholdin
Equity - Summary of Shareholding Percentages (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Equity | ||
Shareholding percentage | 100% | 100% |
Share capital | ₺ 2,200,000 | ₺ 2,200,000 |
Inflation adjustment to share capital | 30,134,546 | 30,134,546 |
Inflation adjusted capital | ₺ 32,334,546 | ₺ 32,334,546 |
Public Share [Member] | ||
Equity | ||
Shareholding percentage | 53.95% | 53.95% |
Share capital | ₺ 1,187,004 | ₺ 1,187,004 |
TVF BTIH [Member] | ||
Equity | ||
Shareholding percentage | 26.20% | 26.20% |
Share capital | ₺ 576,400 | ₺ 576,400 |
IMTIS Holdings S.a r l. | ||
Equity | ||
Shareholding percentage | 19.80% | 19.80% |
Share capital | ₺ 435,600 | ₺ 435,600 |
Other [Member] | ||
Equity | ||
Shareholding percentage | 0.05% | 0.05% |
Share capital | ₺ 996 | ₺ 996 |
Earnings Per Share - Basic and
Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - TRY (₺) ₺ / shares in Units, ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Earnings Per Share | |||||
Profit attributable to owners of the Company | ₺ 12,553,996 | ₺ 6,880,436 | [1] | ₺ 7,135,436 | [1] |
Weighted average number of shares | 2,182,106,193 | 2,183,106,193 | 2,183,106,193 | ||
Basic earnings per share for profit attributable to owners of the Company (in full TL) | ₺ 5.75 | ₺ 3.15 | [1] | ₺ 3.27 | [1] |
Diluted earnings per share for profit attributable to owners of the Company (in full TL) | ₺ 5.75 | ₺ 3.15 | [1] | ₺ 3.27 | [1] |
Profit from continuing operations attributable to owners of the Company | ₺ 10,584,322 | ₺ 6,038,066 | ₺ 6,416,709 | ||
Weighted average number of shares | 2,182,106,193 | 2,183,106,193 | 2,183,106,193 | ||
Basic and diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL | ₺ 4.85 | ₺ 2.77 | [1] | ₺ 2.94 | [1] |
Diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL) | ₺ 4.85 | ₺ 2.77 | [1] | ₺ 2.94 | [1] |
Profit (loss) from discontinued operations | ₺ 1,969,674 | ₺ 842,370 | [1] | ₺ 718,727 | [1] |
Weighted average number of shares | 2,182,106,193 | 2,183,106,193 | 2,183,106,193 | ||
Basic earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL) | ₺ 0.90 | ₺ 0.39 | ₺ 0.33 | ||
Diluted earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL) | ₺ 0.90 | ₺ 0.39 | ₺ 0.33 | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Other non-current liabilities -
Other non-current liabilities - Disclosure of Other Non-Current Liability (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Other non-current liabilities | ||
Liabilities to BeST investment agreement (*) | ₺ 1,027,057 | ₺ 1,093,001 |
Consideration payable in relation to the acquisition of Boyut Enerji | 5,396 | |
Deferred revenue | 86,411 | 8,194 |
Other non-current liabilities | ₺ 1,113,468 | ₺ 1,106,591 |
Other non-current liabilities_2
Other non-current liabilities - Additional Information (Detail) - BeST ₺ in Thousands, $ in Thousands | Nov. 30, 2022 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2023 TRY (₺) | Dec. 09, 2022 |
Other Non-Current Liabilities | ||||
Percentage of ownership interest in entity acquired | 20% | |||
Obligation for development of telecommunications infrastructure | $ 100,000 | $ 100,000 | ₺ 2,943,820 | |
Development of telecommunications infrastructure (in years) | 10 years | |||
Percentage of net profit earned on which obligation is based | 50% | |||
Discount rate | 14.99% |
Loans and Borrowings - Summary
Loans and Borrowings - Summary of Borrowings (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Non-current liabilities | ||
Unsecured bank loans | ₺ 25,494,990 | ₺ 25,793,259 |
Secured bank loans | 3,950,491 | 3,775,341 |
Lease liabilities | 1,655,783 | 3,595,270 |
Debt securities issued | 26,845,384 | 28,021,429 |
Total non-current liabilities | 57,946,648 | 61,185,299 |
Current liabilities | ||
Unsecured bank loans | 19,569,422 | 21,207,113 |
Secured bank loans | 773,762 | 1,393,368 |
Lease liabilities | 771,805 | 1,438,923 |
Debt securities issued | 5,022,572 | 3,512,682 |
Total current liabilities | ₺ 26,137,561 | ₺ 27,552,086 |
Loans and Borrowings - Addition
Loans and Borrowings - Additional Information (Detail) ₺ in Thousands, € in Thousands, ¥ in Thousands, $ in Thousands | 5 Months Ended | 6 Months Ended | 11 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
Dec. 27, 2023 CNY (¥) | Dec. 21, 2023 EUR (€) | Nov. 28, 2023 CNY (¥) | Oct. 27, 2023 EUR (€) | Oct. 25, 2023 EUR (€) | Sep. 07, 2023 USD ($) | Sep. 06, 2023 CNY (¥) | Aug. 25, 2023 EUR (€) | Aug. 11, 2023 TRY (₺) | Aug. 09, 2023 TRY (₺) | Aug. 01, 2023 TRY (₺) | Jun. 21, 2023 EUR (€) | May 29, 2023 EUR (€) | May 22, 2023 USD ($) | May 08, 2023 TRY (₺) | Feb. 24, 2023 USD ($) | Feb. 08, 2023 EUR (€) | May 31, 2023 TRY (₺) | Dec. 31, 2023 TRY (₺) | Dec. 31, 2023 TRY (₺) | Dec. 31, 2023 TRY (₺) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2023 EUR (€) | Dec. 21, 2023 TRY (₺) | Jun. 21, 2023 TRY (₺) | Apr. 28, 2023 TRY (₺) | Aug. 25, 2022 TRY (₺) | |
Loans and borrowings | ||||||||||||||||||||||||||||
Amount used | ₺ 62,689,793 | ₺ 53,139,280 | ₺ 43,150,810 | |||||||||||||||||||||||||
Debt securities issuance limit | ₺ 8,000,000 | |||||||||||||||||||||||||||
Issuance of debt securities | ₺ 700,000 | ₺ 530,000 | ₺ 500,000 | ₺ 330,000 | ||||||||||||||||||||||||
Debt securities outstanding credit limit | ₺ 5,939,680 | ₺ 5,939,680 | 5,939,680 | |||||||||||||||||||||||||
Turkcell Odeme | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Issuance of sukuk | 1,680,000 | |||||||||||||||||||||||||||
Sukuk outstanding credit limit | 500,000 | ₺ 500,000 | 500,000 | |||||||||||||||||||||||||
Turkcell Odeme | Minimum | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Sukuk term | 3 months | |||||||||||||||||||||||||||
Turkcell Odeme | Maximum | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Sukuk term | 4 months | |||||||||||||||||||||||||||
Turkcell Superonline | Sukuk 2022 [member] | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Sukuk issuance limit | ₺ 1,000,000 | |||||||||||||||||||||||||||
Issuance of sukuk | ₺ 600,000 | ₺ 400,000 | ||||||||||||||||||||||||||
Sukuk term | 3 months | |||||||||||||||||||||||||||
Turkcell Superonline | Sukuk June 2023 [member] | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Sukuk issuance limit | ₺ 1,000,000 | |||||||||||||||||||||||||||
Issuance of sukuk | ₺ 1,000,000 | |||||||||||||||||||||||||||
Turkcell Superonline | Sukuk June 2023 [member] | Minimum | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Sukuk term | 3 months | |||||||||||||||||||||||||||
Turkcell Superonline | Sukuk June 2023 [member] | Maximum | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Sukuk term | 4 months | |||||||||||||||||||||||||||
Turkcell Superonline | Sukuk December 2023 [member] | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Sukuk issuance limit | ₺ 3,000,000 | |||||||||||||||||||||||||||
Sukuk outstanding credit limit | ₺ 3,000,000 | |||||||||||||||||||||||||||
Turkcell Finansman | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Debt securities issuance limit | ₺ 1,000,000 | ₺ 1,000,000 | 1,000,000 | |||||||||||||||||||||||||
Issuance of debt securities | 925,000 | |||||||||||||||||||||||||||
Debt securities outstanding credit limit | ₺ 825,000 | ₺ 825,000 | ₺ 825,000 | |||||||||||||||||||||||||
Turkcell Finansman | Minimum | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Debt securities term | 91 days | |||||||||||||||||||||||||||
Turkcell Finansman | Maximum | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Debt securities term | 182 days | |||||||||||||||||||||||||||
ING Bank N.V. and AB Svensk Exportkredit | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Amount used | $ | $ 9,110 | $ 25,889 | $ 4,819 | |||||||||||||||||||||||||
Borrowings, interest rate | 1.53% | 1.53% | 1.53% | 1.53% | ||||||||||||||||||||||||
China Development Bank [member] | CNY | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Amount used | ¥ | ¥ 36,000 | ¥ 47,600 | ¥ 42,073 | |||||||||||||||||||||||||
Borrowings, interest rate | 5.15% | 5.15% | 5.15% | 5.15% | ||||||||||||||||||||||||
China Development Bank [member] | EUR | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Amount used | € | € 40,675 | € 26,854 | € 36,603 | € 28,900 | ||||||||||||||||||||||||
Borrowings, interest rate description | 6M Euribor+2.29% | |||||||||||||||||||||||||||
Borrowings, adjustment to variable interest rate | 2.29% | 2.29% | 2.29% | 2.29% | ||||||||||||||||||||||||
Borrowings, outstanding credit limit | € | € 102,000 | |||||||||||||||||||||||||||
Bank of China | ||||||||||||||||||||||||||||
Loans and borrowings | ||||||||||||||||||||||||||||
Amount used | € | € 6,498 | € 7,550 | € 9,838 | |||||||||||||||||||||||||
Borrowings, interest rate description | 3M Euribor+2.50% | |||||||||||||||||||||||||||
Borrowings, adjustment to variable interest rate | 2.50% | 2.50% | 2.50% | 2.50% | ||||||||||||||||||||||||
Borrowings, outstanding credit limit | € | € 6,100 |
Loans and Borrowings - Summar_2
Loans and Borrowings - Summary of Terms and Conditions of Outstanding Loans (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Loans and Borrowings | ||
Carrying amount | ₺ 84,084,209 | ₺ 88,737,385 |
EUR | Floating interest rate | ||
Loans and Borrowings | ||
Nominal interest rate | 2.10% | 2.20% |
Carrying amount | ₺ 25,815,920 | ₺ 22,530,691 |
USD | Floating interest rate | ||
Loans and Borrowings | ||
Nominal interest rate | 3.90% | 3.20% |
Carrying amount | ₺ 5,334,924 | ₺ 7,637,455 |
Unsecured bank loans | EUR | Floating interest rate | ||
Loans and Borrowings | ||
Currency | EUR | EUR |
Interest rate type | Floating | Floating |
Nominal interest rate basis | Euribor+2.0%-Euribor+4.0% | Euribor+2.0%-Euribor+2.3% |
Carrying amount | ₺ 25,815,920 | ₺ 22,530,691 |
Unsecured bank loans | EUR | Floating interest rate | Minimum | ||
Loans and Borrowings | ||
Payment period | 2024 | 2023 |
Unsecured bank loans | EUR | Floating interest rate | Maximum | ||
Loans and Borrowings | ||
Payment period | 2028 | 2028 |
Unsecured bank loans | EUR | EURIBOR [member] | Minimum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 2% | 2% |
Unsecured bank loans | EUR | EURIBOR [member] | Maximum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 4% | 2.30% |
Unsecured bank loans | EUR | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | EUR | |
Interest rate type | Fixed | |
Nominal interest rate | 6% | |
Payment period | 2024 | |
Carrying amount | ₺ 345,431 | |
Unsecured bank loans | USD | Floating interest rate | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Floating | Floating |
Nominal interest rate basis | Sofr 2.2% | Libor+1.7%-Libor+2.2% |
Carrying amount | ₺ 4,483,145 | ₺ 6,561,767 |
Unsecured bank loans | USD | Floating interest rate | Minimum | ||
Loans and Borrowings | ||
Payment period | 2024 | 2023 |
Unsecured bank loans | USD | Floating interest rate | Maximum | ||
Loans and Borrowings | ||
Payment period | 2028 | 2026 |
Unsecured bank loans | USD | SOFR [member] | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 2.20% | |
Unsecured bank loans | USD | LIBOR [member] | Minimum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 1.70% | |
Unsecured bank loans | USD | LIBOR [member] | Maximum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 2.20% | |
Unsecured bank loans | USD | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Fixed | Fixed |
Nominal interest rate | 2.60% | 2.60% |
Carrying amount | ₺ 200,371 | ₺ 283,053 |
Unsecured bank loans | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Payment period | 2024 | 2023 |
Unsecured bank loans | USD | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Payment period | 2026 | 2026 |
Unsecured bank loans | TL | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | TL | TL |
Interest rate type | Fixed | Fixed |
Payment period | 2023 | |
Carrying amount | ₺ 11,942,103 | ₺ 12,822,981 |
Unsecured bank loans | TL | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 11.50% | 12.40% |
Payment period | 2024 | |
Unsecured bank loans | TL | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 58.90% | 38% |
Payment period | 2025 | |
Unsecured bank loans | UAH | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | UAH | |
Interest rate type | Fixed | |
Carrying amount | ₺ 2,354,892 | |
Unsecured bank loans | UAH | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 10% | |
Payment period | 2023 | |
Unsecured bank loans | UAH | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 21% | |
Payment period | 2024 | |
Unsecured bank loans | CNY | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | CNY | CNY |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 2,261,585 | ₺ 2,446,988 |
Unsecured bank loans | CNY | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 5.20% | 3.70% |
Payment period | 2024 | 2023 |
Unsecured bank loans | CNY | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 5.50% | 5.50% |
Payment period | 2028 | 2028 |
Unsecured bank loans | BYN | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | BYR | |
Interest rate type | Fixed | |
Nominal interest rate | 14% | |
Payment period | 2024 | |
Carrying amount | ₺ 15,857 | |
Secured bank loans | USD | Floating interest rate | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Floating | Floating |
Nominal interest rate basis | Sofr+0.6% & Libor+1.6% | Libor+0.6% - Libor+1.6% |
Carrying amount | ₺ 851,779 | ₺ 1,075,688 |
Secured bank loans | USD | Floating interest rate | Minimum | ||
Loans and Borrowings | ||
Payment period | 2024 | 2023 |
Secured bank loans | USD | Floating interest rate | Maximum | ||
Loans and Borrowings | ||
Payment period | 2028 | 2028 |
Secured bank loans | USD | SOFR [member] | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 0.60% | |
Secured bank loans | USD | LIBOR [member] | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 1.60% | |
Secured bank loans | USD | LIBOR [member] | Minimum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 0.60% | |
Secured bank loans | USD | LIBOR [member] | Maximum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 1.60% | |
Secured bank loans | USD | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 3,872,474 | ₺ 3,491,611 |
Secured bank loans | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 1.50% | 1.50% |
Payment period | 2024 | 2023 |
Secured bank loans | USD | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 3.80% | 3.80% |
Payment period | 2033 | 2032 |
Secured bank loans | UAH | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | UAH | |
Interest rate type | Fixed | |
Payment period | 2023 | |
Carrying amount | ₺ 601,410 | |
Secured bank loans | UAH | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 16.40% | |
Secured bank loans | UAH | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 19.50% | |
Debt securities issued | USD | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Fixed | Fixed |
Nominal interest rate | 5.80% | 5.80% |
Carrying amount | ₺ 28,430,710 | ₺ 29,680,889 |
Debt securities issued | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Payment period | 2024 | 2023 |
Debt securities issued | USD | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Payment period | 2028 | 2028 |
Debt securities issued | TL | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | TL | TL |
Interest rate type | Fixed | Fixed |
Payment period | 2024 | 2023 |
Carrying amount | ₺ 3,437,246 | ₺ 1,853,222 |
Debt securities issued | TL | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 29.50% | 20.30% |
Debt securities issued | TL | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 45% | 25.50% |
Lease liabilities | EUR | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | EUR | EUR |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 407,907 | ₺ 510,252 |
Lease liabilities | EUR | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 1% | 1% |
Payment period | 2024 | 2023 |
Lease liabilities | EUR | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 11% | 10.30% |
Payment period | 2034 | 2034 |
Lease liabilities | USD | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 34,326 | ₺ 132,054 |
Lease liabilities | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 3.90% | 3.90% |
Payment period | 2024 | 2023 |
Lease liabilities | USD | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 11.60% | 11.50% |
Payment period | 2052 | 2052 |
Lease liabilities | TL | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | TL | TL |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 1,569,795 | ₺ 1,989,791 |
Lease liabilities | TL | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 9.80% | 9.80% |
Payment period | 2024 | 2023 |
Lease liabilities | TL | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 45% | 45% |
Payment period | 2057 | 2048 |
Lease liabilities | UAH | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | UAH | |
Interest rate type | Fixed | |
Carrying amount | ₺ 1,892,521 | |
Lease liabilities | UAH | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 7.60% | |
Payment period | 2023 | |
Lease liabilities | UAH | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 47.70% | |
Payment period | 2071 | |
Lease liabilities | BYN | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | BYN | BYN |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 415,560 | ₺ 509,575 |
Lease liabilities | BYN | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 10.80% | 11.50% |
Payment period | 2024 | 2023 |
Lease liabilities | BYN | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 20% | 20% |
Payment period | 2037 | 2037 |
Employee Benefits - Summary of
Employee Benefits - Summary of Employee Benefits Provision (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Classes of employee benefits expense [abstract] | |||
Defined benefit plans provision | ₺ 1,684,487 | ₺ 2,621,135 | ₺ 1,391,572 |
Unused vacation provision | 367,838 | 328,351 | |
Total | ₺ 2,052,325 | ₺ 2,949,486 |
Employee Benefits - Summary o_2
Employee Benefits - Summary of Movement in Reserve for Employee Termination Benefits (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of defined benefit plans [abstract] | ||
Defined benefit plans provision at beginning of period | ₺ 2,621,135 | ₺ 1,391,572 |
Service cost | 352,454 | 164,086 |
Past service cost | 3,821 | 3,574 |
Remeasurements | 149,757 | 1,824,873 |
Interest expense | 162,917 | 185,615 |
Benefit payments | (564,023) | (111,268) |
Inflation adjustment | (1,041,575) | (837,317) |
Defined benefit plans provision at end of period | ₺ 1,684,487 | ₺ 2,621,135 |
Employee Benefits - Summary o_3
Employee Benefits - Summary of Sensitivity of Provision for Employee Termination Benefits to Changes in the Significant Actuarial Assumptions (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Interest rate [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Percentage of reasonably possible increase in actuarial assumption | 1% | 1% |
Percentage of reasonably possible decrease in actuarial assumption | 1% | 1% |
Impact on provision for increase in assumption, percentage | (14.10%) | (13.40%) |
Impact on provision for decrease in assumption, percentage | 17% | 16.30% |
Impact on provision for increase in assumption | ₺ (237,007) | ₺ (403,655) |
Impact on provision for decrease in assumption | ₺ 286,194 | ₺ 498,016 |
Inflation rate [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Percentage of reasonably possible increase in actuarial assumption | 1% | 1% |
Percentage of reasonably possible decrease in actuarial assumption | 1% | 1% |
Impact on provision for increase in assumption, percentage | 17.20% | 16.50% |
Impact on provision for decrease in assumption, percentage | (14.40%) | (13.80%) |
Impact on provision for increase in assumption | ₺ 290,406 | ₺ 495,395 |
Impact on provision for decrease in assumption | ₺ (243,240) | ₺ (408,897) |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Classes of employee benefits expense [abstract] | |||
Defined contribution retirement plan | ₺ 75,500 | ₺ 105,964 | ₺ 109,411 |
Expense from share-based payments | ₺ 201,136 | ₺ 0 |
Deferred Revenue - Additional I
Deferred Revenue - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Deferred revenues [Abstract] | ||
Deferred revenue | ₺ 248,003 | ₺ 214,040 |
Contract Liabilities - Summary
Contract Liabilities - Summary of Current and Non-current Contract Liabilities (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Contract liabilities [abstract] | ||
Long-term contract liabilities | ₺ 1,193,665 | ₺ 1,248,479 |
Short-term contract liabilities | 1,312,519 | 1,401,669 |
Total | 2,506,184 | 2,650,148 |
Revenue related to liabilities carried forward | ₺ 1,401,669 | ₺ 1,507,988 |
Contract Liabilities - Summar_2
Contract Liabilities - Summary of Unsatisfied Performance Obligation of Contract Liabilities (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of performance obligations [line items] | ||
Unsatisfied performance obligation | ₺ 3,034,616 | ₺ 4,439,044 |
Not later than one year [member] | ||
Disclosure of performance obligations [line items] | ||
Transaction price allocated to unsatisfied contracts | 52% | |
Later than one year [member] | ||
Disclosure of performance obligations [line items] | ||
Transaction price allocated to unsatisfied contracts | 48% | |
Telecommunications service [member] | ||
Disclosure of performance obligations [line items] | ||
Unsatisfied performance obligation | ₺ 2,100,700 | 3,039,176 |
Equipment revenues [member] | ||
Disclosure of performance obligations [line items] | ||
Unsatisfied performance obligation | ₺ 933,916 | ₺ 1,399,868 |
Provisions - Summary of Non-Cur
Provisions - Summary of Non-Current Provisions (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of other provisions [line items] | ||
Beginning balance for the period | ₺ 1,596,203 | |
Ending balance for the period | 1,379,435 | ₺ 1,596,203 |
Non-current provision | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 1,596,203 | 1,666,788 |
Provisions recognized | 197,139 | 107,915 |
Payments | (22,631) | (11,732) |
Unwinding of discount | 110,868 | 133,295 |
Transfers to current provisions | (46,026) | (34,320) |
Remeasurements | 272,955 | 401,443 |
Effect of changes in exchange rates | 204,532 | 42,431 |
Transfers to asset held for sale | (204,056) | |
Inflation adjustment | (729,549) | (709,617) |
Ending balance for the period | 1,379,435 | 1,596,203 |
Non-current provision | Legal [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 78,585 | 53,219 |
Provisions recognized | 124,582 | 88,180 |
Transfers to current provisions | (46,026) | (34,320) |
Inflation adjustment | (46,544) | (28,494) |
Ending balance for the period | 110,597 | 78,585 |
Non-current provision | Obligations for dismantling, removing and site restoration [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 1,517,618 | 1,613,569 |
Provisions recognized | 72,557 | 19,735 |
Payments | (22,631) | (11,732) |
Unwinding of discount | 110,868 | 133,295 |
Remeasurements | 272,955 | 401,443 |
Effect of changes in exchange rates | 204,532 | 42,431 |
Transfers to asset held for sale | (204,056) | |
Inflation adjustment | (683,005) | (681,123) |
Ending balance for the period | ₺ 1,268,838 | ₺ 1,517,618 |
Provisions - Summary of Current
Provisions - Summary of Current Provisions (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of other provisions [line items] | ||
Beginning balance for the period | ₺ 1,242,279 | |
Ending balance for the period | 1,975,543 | ₺ 1,242,279 |
Current provision | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 1,242,279 | 1,552,741 |
Provisions recognized | 3,169,088 | |
Provisions recognized / reversals | 1,767,056 | |
Payments | (1,505,969) | (1,458,993) |
Transfers from non-current provisions | 46,026 | 34,320 |
Transfers to asset held for sale | (185,455) | |
Effect of changes in exchange rates | 38,365 | 3,995 |
Inflation adjustment | (828,791) | (656,840) |
Ending balance for the period | 1,975,543 | 1,242,279 |
Current provision | Legal [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 52,515 | 181,407 |
Provisions recognized | 512,039 | |
Provisions recognized / reversals | (173) | |
Payments | (23,591) | (101,687) |
Transfers from non-current provisions | 46,026 | 34,320 |
Transfers to asset held for sale | (10,015) | |
Effect of changes in exchange rates | 91 | |
Inflation adjustment | (127,135) | (61,352) |
Ending balance for the period | 449,930 | 52,515 |
Current provision | Bonus [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 1,189,764 | 1,371,334 |
Provisions recognized | 2,657,049 | |
Provisions recognized / reversals | 1,767,229 | |
Payments | (1,482,378) | (1,357,306) |
Transfers to asset held for sale | (175,440) | |
Effect of changes in exchange rates | 38,274 | 3,995 |
Inflation adjustment | (701,656) | (595,488) |
Ending balance for the period | ₺ 1,525,613 | ₺ 1,189,764 |
Trade and Other Payables - Summ
Trade and Other Payables - Summary of Trade and Other Payable (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Trade and other payables [abstract] | ||
Payables to suppliers | ₺ 12,675,253 | ₺ 11,366,718 |
Taxes payable | 2,730,809 | 2,649,751 |
Accrued treasury share, universal service fund contribution and contributions to the ICTA's expenses | 1,760,603 | 1,625,498 |
Accrued selling and marketing expenses | 166,799 | 317,188 |
Payables related with donation | 1,750,000 | |
Others | 1,522,759 | 1,059,284 |
Trade and other payables | ₺ 20,606,223 | ₺ 17,018,439 |
Derivative Financial Instrume_3
Derivative Financial Instruments - Summary of Fair Value of Derivative Financial Instruments (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Derivative financial instruments [abstract] | ||
Derivative financial assets, Held for trading | ₺ 607,509 | ₺ 1,308,954 |
Derivative financial assets, Derivatives used for hedge accounting | 1,305,395 | 1,977,016 |
Derivative financial assets | 1,912,904 | 3,285,970 |
Derivative financial liabilities, Held for trading | 313,805 | 215,974 |
Derivative financial liabilities, Derivatives used for hedge accounting | 48,609 | 35,314 |
Derivative financial liabilities | ₺ 362,414 | ₺ 251,288 |
Derivative Financial Instrume_4
Derivative Financial Instruments - Summary of Financial Assets and Financial Liabilities Measured and Recognised at Fair Value (Detail) ₺ in Thousands, € in Thousands, ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||||||
Dec. 31, 2023 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2023 TRY (₺) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2023 TRY (₺) | Dec. 31, 2023 USD ($) | Dec. 31, 2023 CNY (¥) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 CNY (¥) | |
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for hedge accounting | ₺ 1,256,786 | ₺ 1,941,702 | ||||||||
Net derivative financial assets (liabilities) used for trading | 293,704 | 1,092,980 | ||||||||
Participating cross currency swap contracts [member] | EUR | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | € | € 40,060 | € 53,380 | ||||||||
Net derivative financial assets (liabilities) used for trading | 251,073 | 418,589 | ||||||||
Maturity, trading | April 2026 | April 2026 | ||||||||
Participating cross currency swap contracts [member] | USD | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for hedge accounting, notional | $ | $ 124,186 | $ 165,478 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 566,902 | 924,346 | ||||||||
Maturity date, Derivatives used for hedging | April 2026 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ (672) | ₺ 16,578 | ||||||||
Net derivative financial assets (liabilities) used for trading, notional | $ | 18,000 | 27,000 | ||||||||
Net derivative financial assets (liabilities) used for trading | 72,504 | 123,664 | ||||||||
Maturity, trading | November 2025 | November 2025 | ||||||||
Participating cross currency swap contracts one [member] | EUR | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for hedge accounting, notional | € | € 167,000 | € 233,600 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 259,289 | 334,517 | ||||||||
Maturity date, Derivatives used for hedging | October 2025 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ (4,216) | ₺ (12,009) | ||||||||
Participating cross currency swap contracts two [member] | EUR | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for hedge accounting, notional | € | € 38,057 | € 50,711 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 24,514 | 88,338 | ||||||||
Maturity date, Derivatives used for hedging | April 2026 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ (192) | ₺ (288) | ||||||||
Cross currency swap contracts [member] | USD | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | $ | 8,000 | 18,858 | ||||||||
Net derivative financial assets (liabilities) used for trading | 185,107 | 400,871 | ||||||||
Maturity, trading | November 2025 | March 2023 - November 2025 | ||||||||
Cross currency swap contracts [member] | CNY | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for hedge accounting, notional | ¥ | ¥ 81,162 | ¥ 108,148 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 309,793 | 423,372 | ||||||||
Maturity date, Derivatives used for hedging | April 2026 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ 132,184 | ₺ 121,601 | ||||||||
Net derivative financial assets (liabilities) used for trading, notional | ¥ | ¥ 19,425 | 25,883 | ||||||||
Net derivative financial assets (liabilities) used for trading | 71,036 | 94,715 | ||||||||
Maturity, trading | April 2026 | April 2026 | ||||||||
Interest rate swap contract [member] | USD | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for hedge accounting, notional | $ | 90,135 | 120,105 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 96,288 | 171,129 | ||||||||
Maturity date, Derivatives used for hedging | April 2026 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Net derivative financial assets (liabilities) used for trading, notional | $ | 64,655 | 53,380 | ||||||||
Net derivative financial assets (liabilities) used for trading | 23,711 | (1,303) | ||||||||
Maturity, trading | April 2026 | April 2026 | ||||||||
Interest rate swap contract [member] | TL | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | 600,000 | |||||||||
Net derivative financial assets (liabilities) used for trading | (17,861) | |||||||||
Maturity, trading | October 2026 | - | ||||||||
FX swap contract | USD | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | $ | 353,972 | 357,451 | ||||||||
Net derivative financial assets (liabilities) used for trading | (148,612) | (6,558) | ||||||||
Maturity, trading | February 2024 | January 2023 | ||||||||
FX swap contract | CNY | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | ¥ | ¥ 148,422 | |||||||||
Net derivative financial assets (liabilities) used for trading | 3,071 | |||||||||
Maturity, trading | - | January 2023 | ||||||||
Currency forward contracts | EUR | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | € | € 10,000 | € 26,900 | ||||||||
Net derivative financial assets (liabilities) used for trading | (19,906) | 47,288 | ||||||||
Maturity, trading | January 2024 | February 2023 - April 2023 | ||||||||
Currency forward contracts | USD | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | $ | $ 334,900 | $ 377,435 | ||||||||
Net derivative financial assets (liabilities) used for trading | ₺ (123,348) | ₺ 12,643 | ||||||||
Maturity, trading | March 2024 | January 2022 - March 2022 |
Derivative Financial Instrume_5
Derivative Financial Instruments - Summary of Fair Value of Financial Assets and Financial Liabilities (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Non-recurring fair value measurement [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets carried at fair value | ₺ 0 | |
Financial liabilities carried at fair value | ₺ 0 | |
Level 2 | Participating cross currency swap contracts [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Valuation Techniques | Pricing models based on discounted cash present value of the estimated future cash flows based on observable yield curves and end period FX rates | |
Increase (decrease) in fair value if mid prices used | ₺ 0 | ₺ (15,892) |
Level 2 | FX swap, currency, interest swap and option contracts [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Valuation Techniques | Present value of the estimated future cash flows based on observable yield curves and end period FX rates | |
Level 2 | Currency forward contracts | ||
Disclosure of detailed information about financial instruments [line items] | ||
Valuation Techniques | Forward exchange rates at the balance sheet date |
Derivative Financial Instrume_6
Derivative Financial Instruments - Summary of Cross Currency Swap Contracts (Detail) - Participating cross currency swap contracts [member] - Level 3 - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [line items] | ||
Opening balance | ₺ 1,889,454 | ₺ 2,839,699 |
Cash flow effect | (2,206,436) | (2,203,493) |
Gains recognized in profit or loss | 2,275,339 | 2,362,553 |
Inflation adjustments | (784,075) | (1,109,305) |
Transferred to Level 2 | ₺ (1,174,282) | |
Ending balance | ₺ 1,889,454 |
Derivative Financial Instrume_7
Derivative Financial Instruments - Cash Flow Sensitivity (Detail) ₺ in Thousands | Dec. 31, 2023 TRY (₺) | Dec. 31, 2022 TRY (₺) |
Cash flow sensitivity analysis for variable rate instruments [line items] | ||
Change in interest rate for sensitivity analysis | 0.0100 | |
Change in foreign exchange for sensitivity analysis | 10% | |
Interest rate risk and currency risk [member] | Derivative financial instruments | ||
Cash flow sensitivity analysis for variable rate instruments [line items] | ||
Increase (decrease) in profit (loss) due to potential increase in interest rate | ₺ 86,595 | ₺ 44,701 |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | 141,897 | 348,119 |
Increase (decrease) in equity due to potential increase in interest rate | 548,159 | 1,639,960 |
Increase (decrease) in equity due to potential decrease in interest rate | 563,736 | 1,636,734 |
Interest rate risk and currency risk [member] | Participating cross currency swap contracts [member] | ||
Cash flow sensitivity analysis for variable rate instruments [line items] | ||
Increase (decrease) in profit (loss) due to potential increase in interest rate | (51,444) | (61,841) |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | 12,874 | (41,299) |
Increase (decrease) in equity due to potential increase in interest rate | 555,829 | 1,245,373 |
Increase (decrease) in equity due to potential decrease in interest rate | 572,421 | 1,297,102 |
Interest rate risk and currency risk [member] | Cross currency swap contracts [member] | ||
Cash flow sensitivity analysis for variable rate instruments [line items] | ||
Increase (decrease) in profit (loss) due to potential increase in interest rate | 138,039 | 106,742 |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | 129,023 | 389,418 |
Increase (decrease) in equity due to potential increase in interest rate | (7,670) | 389,587 |
Increase (decrease) in equity due to potential decrease in interest rate | ₺ (8,685) | ₺ 339,632 |
Derivative Financial Instrume_8
Derivative Financial Instruments - Additional Information (Detail) ₺ in Thousands, € in Thousands, $ in Thousands | 12 Months Ended | ||||||||
Dec. 31, 2023 TRY (₺) | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | Jun. 25, 2019 EUR (€) | Aug. 09, 2018 EUR (€) | |
Disclosure of detailed information about financial instruments [line items] | |||||||||
Short-term derivative assets | ₺ 2,044,765 | ₺ 3,348,871 | |||||||
Interest expense accrual included in current derivative financial instruments assets | 131,860 | 62,901 | |||||||
Short-term derivative liabilities | 354,370 | 248,682 | |||||||
Interest expense accrual included in current derivative financial instruments liabilities | 8,044 | 2,606 | |||||||
Hedges of net investments in foreign operations | (1,161,222) | (80,795) | ₺ (3,042,919) | ||||||
Hedges of net investment in foreign operations [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Hedges of net investments in foreign operations | (1,161,222) | (80,795) | |||||||
Participating cross currency swap contracts [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Participating cross currency swaps with guarantees | € | € 191,036 | € 269,624 | |||||||
Guarantees included in current derivative financial instruments assets used for hedging | 998,716 | 1,967,883 | |||||||
Assets subject to offsetting | € | € 24,036 | € 167,000 | |||||||
Threshold market value change | € | € 1,000 | ||||||||
Threshold amount for transfer | € | 10,000 | ||||||||
Transfer amount as collateral to the company | 340,544 | 11,092,846 | |||||||
Transfer amount as collateral to the bank | € 309,884 | 10,094,130 | |||||||
Offset amount | 998,716 | 1,967,883 | |||||||
Derivative financial assets without offsetting | 2,870,371 | 5,062,399 | |||||||
Derivative financial liabilities without offsetting | 181,260 | 5,674 | |||||||
Borrowings without offsetting | ₺ 30,371,295 | ₺ 29,519,970 | |||||||
Bank loans | Cash flow hedges [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | $ | $ 10,097 | ||||||||
Bank loans | Hedges of net investment in foreign operations [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | € | 320,008 | ||||||||
Lease liabilities | Cash flow hedges [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | € | € 9,882 |
Financial Instruments - Disclos
Financial Instruments - Disclosure of Credit Risk (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | ₺ 83,395,229 | ₺ 78,868,904 |
Trade receivables | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 11,251,507 | 11,474,491 |
Contract assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 3,293,020 | 3,222,952 |
Receivables from financial services | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 6,435,662 | 5,869,089 |
Cash and cash equivalents | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 49,978,381 | 42,775,569 |
Derivative financial instruments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 2,044,765 | 3,348,871 |
Other current & non-current assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 703,180 | 694,136 |
Financial assets at amortized cost | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 1,233,597 | |
Financial assets at fair value through profit or loss | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 9,411,318 | 7,074,565 |
Financial assets at fair value through other comprehensive income | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 106,023 | 3,049,667 |
Due from related parties | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | ₺ 171,373 | ₺ 125,967 |
Financial Instruments - Summary
Financial Instruments - 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 (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Gross Carrying Amount | Other assets | |||
Disclosure of provision matrix [line items] | |||
Financial assets | ₺ 74,271,772 | ₺ 70,867,716 | |
Gross Carrying Amount | Other assets | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 71,631,176 | 67,227,170 | |
Gross Carrying Amount | Other assets | Less Than 30 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 834,801 | 620,561 | |
Gross Carrying Amount | Other assets | Less Than 60 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 194,114 | 293,019 | |
Gross Carrying Amount | Other assets | Less Than 90 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 129,960 | 141,299 | |
Gross Carrying Amount | Other assets | Less Than 120 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 94,004 | 119,245 | |
Gross Carrying Amount | Other assets | Less Than 150 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 74,345 | 154,017 | |
Gross Carrying Amount | Other assets | Less Than 3 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 859,148 | 1,358,963 | |
Gross Carrying Amount | Other assets | Less Than 4 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 293,438 | 572,029 | |
Gross Carrying Amount | Other assets | Less Than 5 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 160,786 | 381,413 | |
Gross Carrying Amount | Derivative financial instruments, financial assets, other assets and cash and cash equivalent | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 58,761,624 | ||
Gross Carrying Amount | Derivative financial instruments, financial assets, other assets and cash and cash equivalent | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 58,617,700 | ||
Gross Carrying Amount | Derivative financial instruments, financial assets, other assets and cash and cash equivalent | Overdue | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 143,924 | ||
Gross Carrying Amount | Contract assets | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 3,296,409 | 3,235,056 | |
Gross Carrying Amount | Contract assets | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 3,296,409 | 3,235,056 | |
Gross Carrying Amount | Other assets from financial services | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 6,582,614 | 6,017,248 | |
Gross Carrying Amount | Other assets from financial services | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 5,869,236 | 5,478,565 | |
Gross Carrying Amount | Other assets from financial services | Less Than 30 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 451,234 | 297,465 | |
Gross Carrying Amount | Other assets from financial services | Less Than 60 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 83,488 | 52,668 | |
Gross Carrying Amount | Other assets from financial services | Less Than 90 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 21,403 | 20,849 | |
Gross Carrying Amount | Other assets from financial services | Less Than 120 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 26,123 | 28,344 | |
Gross Carrying Amount | Other assets from financial services | Less Than 150 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 9,133 | 11,305 | |
Gross Carrying Amount | Other assets from financial services | Less Than 3 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 113,693 | 115,498 | |
Gross Carrying Amount | Other assets from financial services | Less Than 4 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 2,070 | 3,627 | |
Gross Carrying Amount | Other assets from financial services | Less Than 5 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | 6,234 | 8,927 | |
Loss Allowance | Other assets | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (605,225) | (1,090,853) | ₺ (1,725,936) |
Loss Allowance | Other assets | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (79,942) | (217,408) | |
Loss Allowance | Other assets | Less Than 30 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (14,424) | (9,277) | |
Loss Allowance | Other assets | Less Than 60 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (8,940) | (9,028) | |
Loss Allowance | Other assets | Less Than 90 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (6,611) | (7,846) | |
Loss Allowance | Other assets | Less Than 120 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (6,789) | (9,679) | |
Loss Allowance | Other assets | Less Than 150 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (7,294) | (12,671) | |
Loss Allowance | Other assets | Less Than 3 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (184,182) | (320,263) | |
Loss Allowance | Other assets | Less Than 4 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (208,805) | (316,400) | |
Loss Allowance | Other assets | Less Than 5 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (88,238) | (188,281) | |
Loss Allowance | Derivative financial instruments, financial assets, other assets and cash and cash equivalent | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (34,610) | ||
Loss Allowance | Contract assets | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (3,389) | (12,104) | (16,893) |
Loss Allowance | Contract assets | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (3,389) | (12,104) | |
Loss Allowance | Other assets from financial services | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (146,952) | (148,159) | ₺ (249,272) |
Loss Allowance | Other assets from financial services | Not Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (33,483) | (33,009) | |
Loss Allowance | Other assets from financial services | Less Than 30 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (3,480) | (2,969) | |
Loss Allowance | Other assets from financial services | Less Than 60 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (1,290) | (603) | |
Loss Allowance | Other assets from financial services | Less Than 90 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (1,491) | (323) | |
Loss Allowance | Other assets from financial services | Less Than 120 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (10,315) | (11,610) | |
Loss Allowance | Other assets from financial services | Less Than 150 Days Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (4,721) | (5,938) | |
Loss Allowance | Other assets from financial services | Less Than 3 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (83,877) | (81,167) | |
Loss Allowance | Other assets from financial services | Less Than 4 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | (2,063) | (3,612) | |
Loss Allowance | Other assets from financial services | Less Than 5 years Past Due | |||
Disclosure of provision matrix [line items] | |||
Financial assets | ₺ (6,232) | ₺ (8,928) |
Financial Instruments - Summa_2
Financial Instruments - Summary of Movements in Provision for Impairment of Receivables from Financial Services, Trade Receivables and Due from Related Parties (Detail) - Loss Allowance - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Contract assets | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | ₺ 12,104 | ₺ 16,893 |
Provision for impairment recognized during the year | 4,942 | 2,123 |
Inflation adjustment | (13,657) | (6,912) |
Closing balance | 3,389 | 12,104 |
Other assets | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 1,090,853 | 1,725,936 |
Provision for impairment recognized during the year | 1,194,467 | 1,006,101 |
Amounts collected | (291,843) | (383,034) |
Receivables written off during the year as uncollectible | (952,307) | (654,365) |
Assets held for sale | (89,251) | |
Effect of changes in exchange rates | 72,226 | 40,674 |
Inflation adjustment | (418,920) | (644,459) |
Closing balance | 605,225 | 1,090,853 |
Other assets from financial services | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 148,159 | 249,272 |
Provision for impairment recognized during the year | 161,574 | 169,873 |
Amounts collected | (83,591) | (113,112) |
Receivables transferred with receivables transfer contract | (6,755) | (60,942) |
Inflation adjustment | (72,435) | (96,932) |
Closing balance | ₺ 146,952 | ₺ 148,159 |
Financial Instruments - Summa_3
Financial Instruments - Summary of Analysis of Group's Financial Liabilities into Relevant Maturity Groupings Based on Contractual Maturities (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Debt securities | ||
Disclosure of Risks [line items] | ||
Financial liabilities | ₺ 28,430,710 | ₺ 29,680,889 |
Liquidity risk | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 99,842,374 | 101,906,890 |
Financial liabilities contractual cash flows | (115,394,837) | (119,932,721) |
Liquidity risk | 6 months or less | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (33,112,417) | (31,858,989) |
Liquidity risk | 6-12 months | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (9,236,742) | (10,185,939) |
Liquidity risk | 1-2 years | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (29,692,994) | (11,309,825) |
Liquidity risk | 2-5 years | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (37,997,735) | (40,989,396) |
Liquidity risk | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (5,354,949) | (25,588,572) |
Liquidity risk | Secured bank loans | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 4,724,253 | 5,168,709 |
Non-derivative financial liabilities, Contractual cash flows | (6,237,895) | (5,974,716) |
Liquidity risk | Secured bank loans | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,147,106) | (1,015,215) |
Liquidity risk | Secured bank loans | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (436,679) | (400,352) |
Liquidity risk | Secured bank loans | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (852,531) | (783,620) |
Liquidity risk | Secured bank loans | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (2,356,083) | (2,171,728) |
Liquidity risk | Secured bank loans | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,445,496) | (1,603,801) |
Liquidity risk | Unsecured bank loans | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 45,064,412 | 47,000,370 |
Non-derivative financial liabilities, Contractual cash flows | (49,785,432) | (51,443,715) |
Liquidity risk | Unsecured bank loans | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (13,743,381) | (14,624,311) |
Liquidity risk | Unsecured bank loans | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (7,383,064) | (8,071,932) |
Liquidity risk | Unsecured bank loans | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (11,507,099) | (7,441,277) |
Liquidity risk | Unsecured bank loans | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (17,151,888) | (18,517,855) |
Liquidity risk | Unsecured bank loans | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (2,788,340) | |
Liquidity risk | Debt securities | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 31,867,956 | 31,534,111 |
Non-derivative financial liabilities, Contractual cash flows | (37,314,608) | (38,976,944) |
Liquidity risk | Debt securities | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (4,408,598) | (2,824,636) |
Liquidity risk | Debt securities | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (818,467) | (856,600) |
Liquidity risk | Debt securities | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (15,436,413) | (1,713,198) |
Liquidity risk | Debt securities | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (16,651,130) | (17,921,121) |
Liquidity risk | Debt securities | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (15,661,389) | |
Liquidity risk | Lease liabilities | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 2,427,588 | 5,034,195 |
Non-derivative financial liabilities, Contractual cash flows | (4,225,712) | (8,545,826) |
Liquidity risk | Lease liabilities | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (669,746) | (1,273,149) |
Liquidity risk | Lease liabilities | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (544,316) | (960,925) |
Liquidity risk | Lease liabilities | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (693,147) | (1,513,561) |
Liquidity risk | Lease liabilities | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,292,253) | (2,403,083) |
Liquidity risk | Lease liabilities | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,026,250) | (2,395,108) |
Liquidity risk | Trade and other payables | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 13,785,953 | 11,423,268 |
Non-derivative financial liabilities, Contractual cash flows | (13,840,042) | (11,918,822) |
Liquidity risk | Trade and other payables | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (12,622,496) | (11,681,227) |
Liquidity risk | Trade and other payables | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (990,527) | |
Liquidity risk | Trade and other payables | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (227,019) | (237,595) |
Liquidity risk | Due to related parties | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 590,785 | 399,156 |
Non-derivative financial liabilities, Contractual cash flows | (852,565) | (551,742) |
Liquidity risk | Due to related parties | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (814,228) | (551,742) |
Liquidity risk | Due to related parties | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (38,337) | |
Liquidity risk | Consideration payable in relation to acquisition of BeST and Boyut Enerji | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 1,027,057 | 1,098,399 |
Non-derivative financial liabilities, Contractual cash flows | (2,958,394) | (3,096,343) |
Liquidity risk | Consideration payable in relation to acquisition of BeST and Boyut Enerji | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (15,370) | |
Liquidity risk | Consideration payable in relation to acquisition of BeST and Boyut Enerji | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (302,210) | (179,204) |
Liquidity risk | Consideration payable in relation to acquisition of BeST and Boyut Enerji | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (2,656,184) | (2,901,769) |
Liquidity risk | Currency and interest swap contracts | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 354,370 | 248,682 |
Derivative financial liabilities, Contractual cash flows | (180,189) | 575,387 |
Liquidity risk | Currency and interest swap contracts | 6 months or less | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 293,138 | 111,291 |
Liquidity risk | Currency and interest swap contracts | 6-12 months | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (54,216) | 103,870 |
Liquidity risk | Currency and interest swap contracts | 1-2 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (160,366) | 157,201 |
Liquidity risk | Currency and interest swap contracts | 2-5 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (258,745) | 203,595 |
Liquidity risk | Currency and interest swap contracts | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (570) | |
Liquidity risk | Currency and interest swap contracts buy option | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (24,379,548) | (18,318,639) |
Liquidity risk | Currency and interest swap contracts buy option | 6 months or less | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (22,325,369) | (17,168,992) |
Liquidity risk | Currency and interest swap contracts buy option | 6-12 months | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (191,680) | (1,549,824) |
Liquidity risk | Currency and interest swap contracts buy option | 1-2 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (351,830) | 192,527 |
Liquidity risk | Currency and interest swap contracts buy option | 2-5 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (1,510,669) | 222,079 |
Liquidity risk | Currency and interest swap contracts buy option | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (14,429) | |
Liquidity risk | Currency and interest swap contracts sell option | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 24,199,359 | 18,894,026 |
Liquidity risk | Currency and interest swap contracts sell option | 6 months or less | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 22,618,507 | 17,280,283 |
Liquidity risk | Currency and interest swap contracts sell option | 6-12 months | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 137,464 | 1,653,694 |
Liquidity risk | Currency and interest swap contracts sell option | 1-2 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 191,464 | (35,326) |
Liquidity risk | Currency and interest swap contracts sell option | 2-5 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | ₺ 1,251,924 | (18,484) |
Liquidity risk | Currency and interest swap contracts sell option | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | ₺ 13,859 |
Financial Instruments - Summa_4
Financial Instruments - Summary of Group's Exposure to Foreign Currency Risk Based on Notional Amounts (Detail) - Currency risk € in Thousands, ¥ in Thousands, $ in Thousands | Dec. 31, 2023 USD ($) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 CNY (¥) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 CNY (¥) |
USD | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | $ 216,392 | $ 46,477 | ||||
USD | Financial assets [member] | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 705,630 | 600,934 | ||||
USD | Other non-current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 69 | 69 | ||||
USD | Financial assets at fair value through other comprehensive income | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 156,278 | 167,157 | ||||
USD | Due from related parties - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 1,059 | 71 | ||||
USD | Trade receivables and contract assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 11,566 | 25,125 | ||||
USD | Other current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 2,340 | 14,580 | ||||
USD | Cash and cash equivalents | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 534,318 | 393,932 | ||||
USD | Financial liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (1,462,666) | (1,483,790) | ||||
USD | Loans and borrowings - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (234,458) | (275,615) | ||||
USD | Debt securities issued - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (911,923) | (909,499) | ||||
USD | Lease obligations - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (1,063) | (1,210) | ||||
USD | Other non current liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (34,889) | (35,476) | ||||
USD | Loans and borrowings - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (85,119) | (94,765) | ||||
USD | Debt securities issued - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (53,853) | (53,862) | ||||
USD | Lease obligations - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (103) | (3,076) | ||||
USD | Other current liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (848) | (886) | ||||
USD | Trade and other payables | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (134,540) | (109,401) | ||||
USD | Due to related parties | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (5,870) | |||||
USD | Financial liabilities defined as hedging instruments | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | 10,097 | 13,763 | ||||
USD | Participating cross currency swap and FX swap contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | 361,971 | 376,307 | ||||
USD | Currency forward contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | $ 601,360 | $ 539,263 | ||||
EUR | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | € (186,969) | € (133,910) | ||||
EUR | Financial assets [member] | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 734,036 | 702,818 | ||||
EUR | Other non-current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 11 | 11 | ||||
EUR | Financial assets at fair value through other comprehensive income | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 75,622 | 115,995 | ||||
EUR | Trade receivables and contract assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 15,857 | 22,977 | ||||
EUR | Other current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 3,184 | 6,455 | ||||
EUR | Cash and cash equivalents | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 639,362 | 557,380 | ||||
EUR | Financial liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (935,895) | (784,060) | ||||
EUR | Loans and borrowings - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (631,844) | (565,765) | ||||
EUR | Lease obligations - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (9,425) | (12,474) | ||||
EUR | Loans and borrowings - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (201,955) | (180,091) | ||||
EUR | Lease obligations - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (3,097) | (3,060) | ||||
EUR | Other current liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (2,160) | (5,156) | ||||
EUR | Trade and other payables | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (87,414) | (17,514) | ||||
EUR | Financial liabilities defined as hedging instruments | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | 329,890 | 302,482 | ||||
EUR | Participating cross currency swap and FX swap contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | (325,000) | (355,000) | ||||
EUR | Currency forward contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | € 10,000 | € (150) | ||||
CNY | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | ¥ | ¥ (514,648) | ¥ (437,692) | ||||
CNY | Financial assets [member] | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | ¥ | 257,212 | 203,487 | ||||
CNY | Other current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | ¥ | 56 | 9,057 | ||||
CNY | Cash and cash equivalents | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | ¥ | 257,156 | 194,430 | ||||
CNY | Financial liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (872,446) | (923,632) | ||||
CNY | Loans and borrowings - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (473,134) | (404,695) | ||||
CNY | Loans and borrowings - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (75,635) | (149,310) | ||||
CNY | Trade and other payables | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (323,677) | (369,627) | ||||
CNY | Participating cross currency swap and FX swap contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | ¥ | ¥ 100,586 | ¥ 282,453 |
Financial Instruments - Summa_5
Financial Instruments - Summary of 10 Percentage Strengthening/Weakening of Foreign Exchange Rate (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Percentage of change in foreign exchange rate for sensitivity analysis | 10% | 10% |
Increase (decrease) in profit (loss) due to potential appreciation of foreign currency | ₺ (191,113) | ₺ (489,988) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 191,113 | 489,988 |
Increase (decrease) in equity due to potential appreciation of foreign currency | (60,437) | (81,488) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 60,437 | 81,488 |
USD | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in profit (loss) due to potential appreciation of foreign currency | 632,650 | 143,194 |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | (632,650) | (143,194) |
Increase (decrease) in equity due to potential appreciation of foreign currency | (29,724) | (41,745) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 29,724 | 41,745 |
USD | Net assets and liability | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in profit (loss) due to potential appreciation of foreign currency | 632,650 | 143,194 |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | (632,650) | (143,194) |
USD | Hedged portion of risk | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in equity due to potential appreciation of foreign currency | (29,724) | (41,745) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 29,724 | 41,745 |
EUR | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in profit (loss) due to potential appreciation of foreign currency | (611,666) | (439,858) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 611,666 | 439,858 |
Increase (decrease) in equity due to potential appreciation of foreign currency | (32,190) | (42,380) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 32,190 | 42,380 |
EUR | Net assets and liability | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in profit (loss) due to potential appreciation of foreign currency | (611,666) | (439,858) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 611,666 | 439,858 |
EUR | Hedged portion of risk | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in equity due to potential appreciation of foreign currency | (32,190) | (42,380) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 32,190 | 42,380 |
CNY | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in profit (loss) due to potential appreciation of foreign currency | (212,097) | (193,324) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 212,097 | 193,324 |
Increase (decrease) in equity due to potential appreciation of foreign currency | 1,477 | 2,636 |
Increase (decrease) in equity due to potential depreciation of foreign currency | (1,477) | (2,636) |
CNY | Net assets and liability | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in profit (loss) due to potential appreciation of foreign currency | (212,097) | (193,324) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 212,097 | 193,324 |
CNY | Hedged portion of risk | ||
Disclosure Of Effect Of Changes In Foreign Exchange Rates Gain Loss [line items] | ||
Increase (decrease) in equity due to potential appreciation of foreign currency | 1,477 | 2,636 |
Increase (decrease) in equity due to potential depreciation of foreign currency | ₺ (1,477) | ₺ (2,636) |
Financial Instruments - Summa_6
Financial Instruments - Summary of Interest-Bearing Financial Instruments (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amount | ₺ (84,084,209) | ₺ (88,737,385) |
USD | Floating interest rate | ||
Disclosure of detailed information about financial instruments [line items] | ||
Borrowings, interest rate | 3.90% | 3.20% |
Carrying amount | ₺ (5,334,924) | ₺ (7,637,455) |
EUR | Floating interest rate | ||
Disclosure of detailed information about financial instruments [line items] | ||
Borrowings, interest rate | 2.10% | 2.20% |
Carrying amount | ₺ (25,815,920) | ₺ (22,530,691) |
Financial Instruments - Summa_7
Financial Instruments - Summary of Cash Flow Sensitivity Analysis for Variable Rate Instruments (Detail) - Interest rate risk - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of change in interest rate rate for sensitivity analysis | 1% | 1% |
Variable rate instruments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in profit (loss) due to potential increase in interest rate | ₺ (1,884,039) | ₺ (519,385) |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | 1,884,039 | 519,385 |
Financial liabilities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in profit (loss) due to potential increase in interest rate | (1,884,039) | (519,385) |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | ₺ 1,884,039 | ₺ 519,385 |
Financial Instruments - Summa_8
Financial Instruments - Summary of Consideration Payable in Relation to Acquisition (Detail) ₺ in Thousands | 12 Months Ended |
Dec. 31, 2022 TRY (₺) | |
Disclosure of detailed information about financial instruments [line items] | |
Contingent consideration at end of year | ₺ 5,396 |
BeST | |
Disclosure of detailed information about financial instruments [line items] | |
Contingent consideration at beginning of year | 2,052,399 |
Losses recognized in profit or loss | (1,249,409) |
Inflation adjustment | ₺ (802,990) |
Financial Instruments - Detaile
Financial Instruments - Detailed Information About In Carrying And Fair value of Borrowings (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Bank loans | ||
Financial assets | ||
Financial liabilities | ₺ 6,407,576 | ₺ 7,790,192 |
Financial liabilities, at fair value | 6,259,574 | 7,329,462 |
Debt securities | ||
Financial assets | ||
Financial liabilities | 28,430,710 | 29,680,889 |
Financial liabilities, at fair value | ₺ 27,828,939 | ₺ 27,307,857 |
Guarantees and purchase oblig_2
Guarantees and purchase obligations - Additional Information (Detail) ₺ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 TRY (₺) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 TRY (₺) | Nov. 30, 2022 USD ($) | |
Disclosure of guarantees and purchase obligations [line items] | ||||
Purchase commitments | ₺ 5,059,847 | ₺ 6,471,418 | ||
Purchase commitments settlement term | 4 years | |||
Guarantees | ₺ 17,891,113 | 16,187,804 | ||
Receivables from reverse repo | 0 | ₺ 6,103,453 | ||
BeST | ||||
Disclosure of guarantees and purchase obligations [line items] | ||||
Investment commitment | 2,943,820 | $ 100,000 | $ 100,000 | |
Remaining investment commitment | ₺ 2,748,824 | $ 93,376 |
Commitments and Contingencies -
Commitments and Contingencies - Dispute to Special Communication Tax and Value Added Tax - Additional Information (Detail) - Dispute on special communication tax ₺ in Thousands | Dec. 31, 2023 TRY (₺) |
Disclosure of commitments and contingencies [line items] | |
Principal amount of tax under lawsuit | ₺ 47,405 |
Damage with interest under lawsuit | 36,000 |
Principal amount to be returned as result of court decision | ₺ 47,269 |
Commitments and Contingencies_2
Commitments and Contingencies - Disputes Regarding the Law on the Protection of Competition - Additional Information (Detail) ₺ in Thousands | 1 Months Ended | 12 Months Ended | |||
Feb. 13, 2024 TRY (₺) | Jun. 12, 2019 TRY (₺) | Apr. 30, 2022 TRY (₺) | Dec. 31, 2023 TRY (₺) lawsuit | Dec. 31, 2022 TRY (₺) | |
Disputes regarding the law on the protection of competition [member] | |||||
Disclosure of commitments and contingencies [line items] | |||||
Administrative fine imposed | ₺ 91,942 | ||||
Administrative fine deducted from the receivables | ₺ 47,780 | ||||
Administrative fine paid | ₺ 44,162 | ||||
Number of lawsuits | lawsuit | 3 | ||||
Amount claimed from company in lawsuit | ₺ 112,084 | ||||
Multiplication factor of loss amount claimed | 3 | ||||
Disputes regarding the law on the protection of competition - dispute one [member] | |||||
Disclosure of commitments and contingencies [line items] | |||||
Amount claimed from company in lawsuit | ₺ 110,484 | ||||
Multiplication factor of loss amount claimed | 3 | ||||
Reimbursement of damage claimed | ₺ 215,555 | ||||
Actual damage claimed | 71,851 | ||||
Disputes regarding the law on the protection of competition - dispute two [member] | |||||
Disclosure of commitments and contingencies [line items] | |||||
Amount claimed from company in lawsuit | ₺ 500 | ||||
Multiplication factor of loss amount claimed | 3 | ||||
Disputes regarding the law on the protection of competition - dispute three | |||||
Disclosure of commitments and contingencies [line items] | |||||
Administrative fine imposed | ₺ 91,942 | ₺ 61,294 | |||
Discounted administrative fine | ₺ 45,971 | ||||
Disputes regarding the law on the protection of competition - investigation on gentleman's agreements for the labour market | |||||
Disclosure of commitments and contingencies [line items] | |||||
Administrative fine imposed | ₺ 57,301 |
Commitments and Contingencies_3
Commitments and Contingencies - ICTA Investigation Regarding the R&D Obligations - Additional Information (Detail) ₺ in Thousands | 12 Months Ended | |||||||||
Jan. 31, 2024 TRY (₺) | May 18, 2023 TRY (₺) | Feb. 24, 2023 TRY (₺) | Jan. 31, 2023 TRY (₺) | Jan. 26, 2023 TRY (₺) | Jan. 02, 2023 TRY (₺) | Mar. 17, 2022 TRY (₺) | Jan. 20, 2022 TRY (₺) | Dec. 31, 2023 TRY (₺) item lawsuit | Dec. 31, 2021 TRY (₺) | |
ICTA Investigation Regarding the Research And Development Obligations 2013-2016 And 2016-2017 | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 49,170 | |||||||||
Discounted administrative fine | ₺ 36,877 | |||||||||
ICTA Investigation Regarding the Research And Development Obligations 2017 To 2018 | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 46,317 | |||||||||
Discounted administrative fine | ₺ 34,738 | |||||||||
ICTA - Investigation on 3G and 4.5G Service Quality Obligations | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 3,622 | |||||||||
Discounted administrative fine | ₺ 2,716 | |||||||||
Number of lawsuits | lawsuit | 5 | |||||||||
ICTA - Inspection on Service Quality (2020 Q2) | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 568 | |||||||||
Discounted administrative fine | ₺ 426 | |||||||||
ICTA - Refunds Investigation | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 5,680 | |||||||||
Discounted administrative fine | ₺ 4,260 | |||||||||
Number of lawsuits | lawsuit | 2 | |||||||||
Amount to be transferred to the Ministry, along with late fee | 412 | |||||||||
Amount that could not be refunded to subscribers | ₺ 161 | |||||||||
Amount deposited in to the Ministry's account with default interest | ₺ 98,333 | |||||||||
ICTA - Sub-Agency/Dealership Investigation | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 834 | |||||||||
ICTA - Fizy Service Investigation | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 1,682 | |||||||||
Discounted administrative fine | ₺ 1,262 | |||||||||
Amount to be refunded | 3,036 | |||||||||
ICTA - Investigation Regarding the Subscription Agreements | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | 99,132 | |||||||||
Discounted administrative fine | ₺ 74,349 | |||||||||
ICTA - Investigation on Value Added Services | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | 9,476 | |||||||||
Discounted administrative fine | 7,107 | |||||||||
ICTA - Investigation on Number Portability | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | 894 | |||||||||
Discounted administrative fine | 670 | |||||||||
ICTA - Inspection on SimCard Change | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Amount of fine imposed | ₺ 375 | |||||||||
Discounted administrative fine | ₺ 281 | |||||||||
ICTA - Investigation of Committed Subscriptions | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Number of different violations | item | 9 | |||||||||
Number of determinations for which collected amount should be refunded | item | 6 | |||||||||
ICTA- Investigation on Identity Verification Regulation | ||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||
Number of different violations | item | 4 | |||||||||
Percentage of administrative fine imposed | 12% |
Commitments and Contingencies_4
Commitments and Contingencies - Other ongoing lawsuits and tax investigations (Detail) - TRY (₺) ₺ in Thousands | 1 Months Ended | |||||
Jul. 31, 2023 | Jan. 29, 2021 | Dec. 30, 2020 | Nov. 30, 2019 | Dec. 31, 2023 | Dec. 31, 2022 | |
Other Disputes [member] | Turkcell Odeme | ||||||
Disclosure of commitments and contingencies [line items] | ||||||
Amount of fine imposed | ₺ 18,763 | |||||
Administrative fine paid | ₺ 1,443 | |||||
Arbitration related to frequency license | ||||||
Disclosure of commitments and contingencies [line items] | ||||||
Amount paid with reservation of right to take legal action | ₺ 13,465 | ₺ 128,429 | ||||
Ongoing investigations and lawsuits [member] | ||||||
Disclosure of commitments and contingencies [line items] | ||||||
Provisions | ₺ 379,519 | ₺ 4,629 |
Related Parties - Additional In
Related Parties - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Related party transactions [abstract] | ||
Key management executive officers personnel loans | ₺ 0 | ₺ 0 |
Amount of letters of guarantee given to the related parties | ₺ 333,604 | ₺ 226,195 |
Related Parties - Summary of To
Related Parties - Summary of Total Compensation Provided to Key Management Personnel (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Key Management Personnel Compensation [Abstract] | |||
Short-term benefits | ₺ 366,645 | ₺ 304,752 | ₺ 297,725 |
Long-term benefits | 2,444 | 3,044 | 3,587 |
Termination benefits | 683 | 1,579 | 618 |
Share based payments | 29,157 | 1,380 | |
Key management personnel compensation | ₺ 398,929 | ₺ 309,375 | ₺ 303,310 |
Related Parties - Schedule of T
Related Parties - Schedule of Transactions with Related Parties (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |||
Mar. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | ₺ 3,439,842 | ₺ 2,420,194 | ₺ 1,498,762 | |
Related party expenses | 4,324,685 | 5,765,444 | 3,194,066 | |
Turk Telekom Mobil Iletisim Hizmetleri A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 1,080,225 | 1,110,129 | ||
Related party expenses | 1,151,042 | 1,039,068 | ||
Istanbul Takas ve Saklama Bankasi A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Related party expenses | 380,642 | 145,639 | 149 | |
Enerji Piyasalari Isletme A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 262,000 | 281,356 | 671,196 | |
Related party expenses | 793,195 | 2,929,475 | 2,736,860 | |
Turk Hava Yollari A.S | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 300,165 | 286,856 | 241,830 | |
Ziraat Bankasi | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 739,025 | 118,586 | 159,661 | |
Turkiye Sigorta A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 353,563 | 2,012 | ||
Gunes Express Havacilik A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 155,838 | 107,737 | 54,698 | |
Turk Telekomunikasyon A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 118,851 | 93,051 | ||
Related party expenses | 1,403,490 | 1,227,920 | ||
Turk Telekomunikasyon A.S. | Turkiye Varlik Fonu | ||||
Disclosure of transactions between related parties [line items] | ||||
Proportion of ownership interest in subsidiary | 61.68% | |||
Turksat Uydu Haberlesme Kablo TV ve Isletme A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 78,572 | 86,912 | 130,338 | |
Related party expenses | 71,543 | 140,313 | 190,541 | |
TOGG | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 15,601 | 95,780 | 17,744 | |
TVF IFM Gayrimenkul Insaat ve Yonetim A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 81,712 | 72,200 | 4,323 | |
Turkiye Vakiflar Bankasi TAO | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 73,304 | 50,489 | 48,814 | |
Turkiye Halk Bankasi A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 25,854 | 27,727 | 27,164 | |
Turkiye Hayat ve Emeklilik A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 30,753 | 24,749 | 35,538 | |
Ziraat Katilim Bankasi A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 74,207 | 14,780 | 10,678 | |
Borsa Istanbul A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 16,810 | 8,827 | 39,120 | |
Sofra | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 3,686 | 2,909 | 3,362 | |
Related party expenses | 132,510 | 78,650 | 96,300 | |
Boru Hatlari Ile Petrol Tasima A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Related party expenses | 58,145 | 66,671 | 63,241 | |
Posta ve Telgraf Teskilati A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Related party expenses | 71,978 | 41,221 | 46,921 | |
Other | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 29,646 | 36,094 | 54,296 | |
Related party expenses | ₺ 262,140 | ₺ 96,487 | ₺ 60,054 |
Related Parties - Summary of Fi
Related Parties - Summary of Financial Assets and Liabilities with Related Parties (Detail) ₺ in Thousands, € in Thousands, $ in Thousands | Dec. 31, 2023 TRY (₺) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) |
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | ₺ 30,065,061 | ₺ 24,472,049 | ||
Loss Allowance | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | (31,883) | (34,559) | ||
Banks - Time deposits | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 31,369,567 | 23,362,376 | ||
Banks - Time deposits | Gross Carrying Amount | Turkiye Vakiflar Bankasi TAO | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 8,674,948 | 9,471,793 | ||
Banks - Demand deposits | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 720,613 | 385,761 | ||
Currency Protected Time Deposit | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 6,173,875 | 2,240,337 | ||
Currency Deposit Account | Turkiye Vakiflar Bankasi TAO | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | $ 102,941 | € 85,000 | ||
Receivables from reverse repo | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 6,103,453 | |||
Bank borrowings | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | (7,064,169) | (6,789,667) | ||
Debt securities issued | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | (956,914) | (589,058) | ||
Lease liabilities | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | ₺ (146,028) | ₺ (206,594) |
Related Parties - Summary of Ti
Related Parties - Summary of Time Deposits at Related Parties (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | ₺ 30,065,061 | ₺ 24,472,049 |
Banks - Time deposits | Gross Carrying Amount | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | 31,369,567 | 23,362,376 |
Banks - Time deposits | Gross Carrying Amount | Turkiye Halk Bankasi A.S. | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | 11,341,528 | 8,470,287 |
Banks - Time deposits | Gross Carrying Amount | Turkiye Vakiflar Bankasi TAO | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | 8,674,948 | 9,471,793 |
Banks - Time deposits | Gross Carrying Amount | Ziraat Bankasi | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | 8,080,071 | 3,301,326 |
Banks - Time deposits | Gross Carrying Amount | Ziraat Katilim Bankasi A.S. | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | ₺ 3,273,020 | ₺ 2,118,970 |
Related Parties - Summary of _2
Related Parties - Summary of Time Deposits, Bank Borrowings, Debt Securities Issued, Lease Liabilities at related parties (Detail) ₺ in Thousands, € in Thousands, ¥ in Thousands, £ in Thousands, $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2023 TRY (₺) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2023 USD ($) | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 CNY (¥) | |
Disclosure of transactions between related parties [line items] | ||||||||
Financial assets (liabilities) with related parties | ₺ 30,065,061 | ₺ 24,472,049 | ||||||
Additional amount classified as "Bank Borrowings" from related parties | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Amount of reclassifications or changes in presentation | 2,190,434 | |||||||
Banks - Time deposits | Gross Carrying Amount | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Financial assets (liabilities) with related parties | ₺ 31,369,567 | ₺ 23,362,376 | ||||||
Banks - Time deposits | Gross Carrying Amount | USD | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | $ | $ 342,372 | $ 187,624 | ||||||
Effective interest rate of financial assets, related party | 4.40% | 3% | ||||||
Financial assets (liabilities) with related parties | ₺ 10,090,875 | ₺ 5,783,661 | ||||||
Banks - Time deposits | Gross Carrying Amount | EUR | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | € | € 455,757 | € 395,430 | ||||||
Effective interest rate of financial assets, related party | 3.70% | 2.70% | ||||||
Financial assets (liabilities) with related parties | ₺ 14,879,110 | ₺ 12,997,715 | ||||||
Banks - Time deposits | Gross Carrying Amount | TL | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | ₺ 6,376,563 | ₺ 2,774,821 | ||||||
Effective interest rate of financial assets, related party | 40.70% | 23.90% | ||||||
Financial assets (liabilities) with related parties | ₺ 6,399,582 | ₺ 4,578,950 | ||||||
Banks - Time deposits | Gross Carrying Amount | GBP | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | £ | £ 55 | |||||||
Effective interest rate of financial assets, related party | 0.10% | |||||||
Financial assets (liabilities) with related parties | ₺ 2,050 | |||||||
Bank borrowings | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Financial assets (liabilities) with related parties | (7,064,169) | (6,789,667) | ||||||
Bank borrowings | TL | February - October 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 4,673,500 | |||||||
Financial assets (liabilities) with related parties | (4,964,669) | |||||||
Bank borrowings | TL | January 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 1,349,880 | |||||||
Financial assets (liabilities) with related parties | (1,356,571) | |||||||
Bank borrowings | TL | January - September 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 553,450 | |||||||
Financial assets (liabilities) with related parties | (555,411) | |||||||
Bank borrowings | TL | February 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | ₺ 104,860 | |||||||
Effective interest rate of financial liabilities, related party | 34.80% | |||||||
Financial assets (liabilities) with related parties | ₺ (110,239) | |||||||
Bank borrowings | TL | August 2024 - April 2025 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 72,206 | |||||||
Financial assets (liabilities) with related parties | ₺ (77,279) | |||||||
Bank borrowings | TL | January 2023 - October 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 1,822,550 | |||||||
Financial assets (liabilities) with related parties | (3,221,200) | |||||||
Bank borrowings | TL | February 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 971,074 | |||||||
Financial assets (liabilities) with related parties | (1,608,999) | |||||||
Bank borrowings | TL | February 2023 - December 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 815,386 | |||||||
Financial assets (liabilities) with related parties | (1,351,622) | |||||||
Bank borrowings | TL | May 2023 - June 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 89,900 | |||||||
Financial assets (liabilities) with related parties | (149,670) | |||||||
Bank borrowings | TL | August 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | ₺ 35,000 | |||||||
Effective interest rate of financial liabilities, related party | 14.80% | |||||||
Financial assets (liabilities) with related parties | ₺ (60,666) | |||||||
Bank borrowings | TL | Minimum | February - October 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 12.20% | |||||||
Bank borrowings | TL | Minimum | January 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 41.70% | |||||||
Bank borrowings | TL | Minimum | January - September 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 18.80% | |||||||
Bank borrowings | TL | Minimum | August 2024 - April 2025 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 28.80% | |||||||
Bank borrowings | TL | Minimum | January 2023 - October 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 13.50% | |||||||
Bank borrowings | TL | Minimum | February 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 12.40% | |||||||
Bank borrowings | TL | Minimum | February 2023 - December 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 13.40% | |||||||
Bank borrowings | TL | Minimum | May 2023 - June 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 13.90% | |||||||
Bank borrowings | TL | Maximum | February - October 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 54.40% | |||||||
Bank borrowings | TL | Maximum | January 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 42.30% | |||||||
Bank borrowings | TL | Maximum | January - September 2024 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 55.20% | |||||||
Bank borrowings | TL | Maximum | August 2024 - April 2025 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 49.80% | |||||||
Bank borrowings | TL | Maximum | January 2023 - October 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 19% | |||||||
Bank borrowings | TL | Maximum | February 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 17.20% | |||||||
Bank borrowings | TL | Maximum | February 2023 - December 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 24% | |||||||
Bank borrowings | TL | Maximum | May 2023 - June 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 16.40% | |||||||
Bank borrowings | CNY | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | ¥ | ¥ 241,247 | |||||||
Effective interest rate of financial liabilities, related party | 3.80% | |||||||
Financial assets (liabilities) with related parties | ₺ (397,510) | |||||||
Debt securities issued | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Financial assets (liabilities) with related parties | ₺ (956,914) | (589,058) | ||||||
Debt securities issued | TL | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | 900,000 | |||||||
Financial assets (liabilities) with related parties | ₺ (956,914) | |||||||
Debt securities issued | TL | February 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | ₺ 150,000 | |||||||
Effective interest rate of financial liabilities, related party | 20.30% | |||||||
Financial assets (liabilities) with related parties | ₺ (256,208) | |||||||
Debt securities issued | TL | March 2023 | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Nominal amount, related party transactions | ₺ 200,000 | |||||||
Effective interest rate of financial liabilities, related party | 20.80% | |||||||
Financial assets (liabilities) with related parties | ₺ (332,850) | |||||||
Debt securities issued | TL | Minimum | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 39% | |||||||
Debt securities issued | TL | Maximum | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 44.50% | |||||||
Lease liabilities | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Financial assets (liabilities) with related parties | ₺ (146,028) | (206,594) | ||||||
Lease liabilities | EUR | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Financial assets (liabilities) with related parties | ₺ (61,252) | ₺ (121,952) | ||||||
Lease liabilities | EUR | Minimum | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 0.30% | 0.20% | ||||||
Lease liabilities | EUR | Maximum | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 3.70% | 5.10% | ||||||
Lease liabilities | TL | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Financial assets (liabilities) with related parties | ₺ (84,776) | ₺ (84,642) | ||||||
Lease liabilities | TL | Minimum | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 12.50% | 11.70% | ||||||
Lease liabilities | TL | Maximum | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Effective interest rate of financial liabilities, related party | 55.25% | 44.50% |
Related Parties - Summary of In
Related Parties - Summary of Interest Income from Related Parties and Interest Expense to Related Parties (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | ₺ 3,102,840 | ₺ 1,546,061 | ₺ 1,164,473 |
Interest expense to related parties | 1,095,006 | 729,990 | 84,649 |
Turkiye Vakiflar Bankasi TAO | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 2,133,828 | 826,154 | 329,828 |
Interest expense to related parties | 644,316 | 513,716 | 55,342 |
Ziraat Bankasi | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 336,470 | 350,073 | 304,760 |
Interest expense to related parties | 160,954 | 111,093 | 16,439 |
Halk Varlik Kiralama AS | |||
Disclosure of transactions between related parties [line items] | |||
Interest expense to related parties | 266,383 | 99,502 | 12,408 |
Turkiye Halk Bankasi A.S. | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 490,640 | 310,027 | 521,864 |
Interest expense to related parties | 14,390 | 3,835 | |
Ziraat Katilim Bankasi A.S. | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 141,612 | 59,725 | 1,112 |
Interest expense to related parties | 5,699 | 885 | 102 |
Other | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 290 | 82 | 6,909 |
Interest expense to related parties | ₺ 3,264 | ₺ 959 | ₺ 358 |
Subsidiaries - Schedule of Subs
Subsidiaries - Schedule of Subsidiaries, Associates and Joint Venture (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Apr. 13, 2023 | Apr. 12, 2023 | Dec. 31, 2022 | Jul. 06, 2021 |
Turktell | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turktell | ||||
Country of Incorporation | Turkiye | ||||
Business | Information technology, value added GSM services and entertainment investments | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Superonline | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Superonline | ||||
Country of Incorporation | Turkiye | ||||
Business | Telecommunications, television services and content services | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Dijital | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Dijital | ||||
Country of Incorporation | Turkiye | ||||
Business | Digitalization services and products | ||||
Effective Ownership Interest | 100% | 100% | |||
Dijital Egitim | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Dijital Egitim | ||||
Country of Incorporation | Turkiye | ||||
Business | Dijital educations | ||||
Effective Ownership Interest | 51% | 51% | |||
Turkcell Satis | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Satis | ||||
Country of Incorporation | Turkiye | ||||
Business | Sales, delivery and digital sales services | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Teknoloji | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Teknoloji | ||||
Country of Incorporation | Turkiye | ||||
Business | Research and development | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Gayrimenkul | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Gayrimenkul | ||||
Country of Incorporation | Turkiye | ||||
Business | Property investments | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Enerji | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Enerji | ||||
Country of Incorporation | Turkiye | ||||
Business | Electricity energy trade and wholesale and retail electricity sales | ||||
Effective Ownership Interest | 100% | 100% | 100% | ||
Boyut Enerji | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Boyut Enerji | ||||
Country of Incorporation | Turkiye | ||||
Business | Electricity energy trade and wholesale and retail electricity sales | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Finansman | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Finansman | ||||
Country of Incorporation | Turkiye | ||||
Business | Consumer financing services | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Sigorta | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Sigorta | ||||
Country of Incorporation | Turkiye | ||||
Business | Insurance agency activities | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Dijital Sigorta | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Dijital Sigorta | ||||
Country of Incorporation | Turkiye | ||||
Business | Dijital agency activities | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Odeme | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Odeme | ||||
Country of Incorporation | Turkiye | ||||
Business | Payment services and e-money license | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifecell Dijital Servisler | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Lifecell Dijital Servisler | ||||
Country of Incorporation | Turkiye | ||||
Business | Development and providing of digital services and products | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifecell Bulut | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Lifecell Bulut | ||||
Country of Incorporation | Turkiye | ||||
Business | Cloud solutions services | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifecell TV | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Lifecell TV | ||||
Country of Incorporation | Turkiye | ||||
Business | Online radio, television and on-demand streaming services | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifecell Muzik | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Lifecell Muzik | ||||
Country of Incorporation | Turkiye | ||||
Business | Radio, television and on-demand streaming services | ||||
Effective Ownership Interest | 100% | 100% | |||
Global Tower | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Global Tower | ||||
Country of Incorporation | Turkiye | ||||
Business | Telecommunications infrastructure business | ||||
Effective Ownership Interest | 100% | 100% | |||
Atmosware Teknoloji | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Atmosware Teknoloji | ||||
Country of Incorporation | Turkiye | ||||
Business | Develop software products and services, training software developers | ||||
Effective Ownership Interest | 100% | 100% | |||
UkrTower | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | UkrTower | ||||
Country of Incorporation | Ukraine | ||||
Business | Telecommunications infrastructure business | ||||
Effective Ownership Interest | 100% | 100% | |||
Beltower | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Beltower | ||||
Country of Incorporation | Republic of Belarus | ||||
Business | Telecommunications infrastructure business | ||||
Effective Ownership Interest | 100% | 100% | |||
Eastasia | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Eastasia | ||||
Country of Incorporation | Netherlands | ||||
Business | Telecommunications investments | ||||
Effective Ownership Interest | 100% | 100% | |||
Kibris Telekom | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Kibris Telekom | ||||
Country of Incorporation | Turkish Republic of Northern Cyprus | ||||
Business | Telecommunications | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifecell Digital | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Lifecell Digital | ||||
Country of Incorporation | Turkish Republic of Northern Cyprus | ||||
Business | Telecommunications | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Dijital Technologies | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Dijital Technologies | ||||
Country of Incorporation | Turkish Republic of Northern Cyprus | ||||
Business | Electronic payment services | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell Global Bilgi | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell Global Bilgi | ||||
Country of Incorporation | Turkiye | ||||
Business | Customer relations and human resources management | ||||
Effective Ownership Interest | 100% | 100% | |||
Global LLC | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Global LLC | ||||
Country of Incorporation | Ukraine | ||||
Business | Customer relations management | ||||
Effective Ownership Interest | 100% | 100% | |||
Rehberlik | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Rehberlik | ||||
Country of Incorporation | Turkiye | ||||
Business | Directory assistance | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifecell Ventures | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Lifecell Ventures | ||||
Country of Incorporation | Netherlands | ||||
Business | Telecommunications investments | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifecell | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | lifecell | ||||
Country of Incorporation | Ukraine | ||||
Business | Telecommunications | ||||
Effective Ownership Interest | 100% | 100% | |||
Paycell LLC | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Paycell LLC | ||||
Country of Incorporation | Ukraine | ||||
Business | Consumer financing services | ||||
Effective Ownership Interest | 100% | 100% | |||
Paycell Europe | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Paycell Europe | ||||
Country of Incorporation | Germany | ||||
Business | Payment services and e-money | ||||
Effective Ownership Interest | 100% | 100% | |||
Yaani | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Yaani | ||||
Country of Incorporation | Netherlands | ||||
Business | Internet search engine and browser services | ||||
Effective Ownership Interest | 100% | 100% | |||
BiP B.V. | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | BiP B.V. | ||||
Country of Incorporation | Netherlands | ||||
Business | Providing digital services and products | ||||
Effective Ownership Interest | 100% | 100% | |||
BiP A.S. | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | BiP A.S. | ||||
Country of Incorporation | Turkiye | ||||
Business | Providing digital services and products | ||||
Effective Ownership Interest | 100% | 100% | |||
Beltel | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Beltel | ||||
Country of Incorporation | Turkiye | ||||
Business | Telecommunications investments | ||||
Effective Ownership Interest | 100% | ||||
BeST | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | BeST | ||||
Country of Incorporation | Republic of Belarus | ||||
Business | Telecommunications | ||||
Effective Ownership Interest | 100% | 100% | |||
Turkcell GSYF | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Turkcell GSYF | ||||
Country of Incorporation | Turkiye | ||||
Business | Venture capital investment fund | ||||
Effective Ownership Interest | 100% | 100% | |||
W3 | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | W3 | ||||
Country of Incorporation | Turkiye | ||||
Business | Information technology | ||||
Effective Ownership Interest | 100% | 100% | |||
Ultia | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Ultia (*) | ||||
Country of Incorporation | Turkiye | ||||
Business | Information technology | ||||
Effective Ownership Interest | 100% | 100% | |||
Lifetech | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Subsidiaries | Lifetech | ||||
Country of Incorporation | Republic of Belarus | ||||
Business | Information technology, programming and technical support | ||||
Effective Ownership Interest | 100% | 100% | |||
TOGG | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Associates | TOGG | ||||
Country of Incorporation | Turkiye | ||||
Business | Electric passenger car development, production and trading activities | ||||
Effective Ownership Interest | 23% | 23% | |||
Sofra | |||||
Disclosure of subsidiaries [line items] | |||||
Name of Joint Venture | Sofra (*) | ||||
Country of Incorporation | Turkiye | ||||
Business | Meal coupons and cards | ||||
Effective Ownership Interest | 66% | 33% | |||
Sofra | Turkcell Odeme | |||||
Disclosure of subsidiaries [line items] | |||||
Effective Ownership Interest | 33.30% | ||||
Percentage of ownership interest acquired | 33.30% | ||||
Acquisition of investments in joint ventures | ₺ 762,690 |
Investments accounted for usi_3
Investments accounted for using the equity method - Carrying value of Joint venture (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Sofra | ||
Joint ventures | ||
Investments in joint ventures | ₺ 12,347 | ₺ 30,018 |
Investments accounted for usi_4
Investments accounted for using the equity method - Carrying value associates (Details) - TOGG ₺ in Thousands, € in Millions | Dec. 31, 2023 TRY (₺) | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 TRY (₺) |
Associates | |||
Investments in associates | ₺ | ₺ 5,857,271 | ₺ 3,771,069 | |
Commitments in relation to associates | € 115 | ||
Commitments in relation to associates, amount paid | € 114.5 |
Investments accounted for usi_5
Investments accounted for using the equity method - Reconciliation (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Investments accounted for using the equity method | |||||
Opening balance | ₺ 3,801,087 | ₺ 2,264,587 | |||
Shares of profit | 1,525,175 | 522,221 | [1] | ₺ 191,303 | [1] |
Contribution to capital increase | 543,356 | 1,014,279 | 1,614,614 | ||
Closing balance | ₺ 5,869,618 | ₺ 3,801,087 | ₺ 2,264,587 | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Discontinued operations (Detail
Discontinued operations (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Discontinued operations | |||||
Revenue | ₺ 107,116,184 | ₺ 93,486,846 | [1] | ₺ 108,599,644 | [1] |
Cost of revenue | (84,418,035) | (81,680,929) | [1] | (86,138,067) | [1] |
Gross profit | 22,698,149 | 11,805,917 | [1] | 22,461,577 | [1] |
Selling and marketing expenses | (5,682,346) | (4,592,793) | [1] | (5,201,034) | [1] |
Administrative expenses | (3,429,518) | (2,579,411) | [1] | (2,658,343) | [1] |
Operating profit | 7,812,569 | 2,953,370 | [1] | 12,101,446 | [1] |
Net finance costs / income | (3,451,063) | (224,370) | [1] | (4,975,512) | [1] |
Profit before income tax | 5,886,681 | 3,251,221 | [1] | 7,317,237 | [1] |
Profit for the year from discontinued operations | 1,969,674 | 842,370 | [1] | 718,727 | [1] |
Lifecell LLC, Global LLC, and Ukrtower | |||||
Discontinued operations | |||||
Revenue | 7,737,020 | 7,921,451 | 7,665,767 | ||
Cost of revenue | (4,763,836) | (5,670,807) | (5,436,914) | ||
Gross profit | 2,973,184 | 2,250,644 | 2,228,853 | ||
Selling and marketing expenses | (443,848) | (444,724) | (509,207) | ||
Administrative expenses | (254,215) | (258,865) | (258,037) | ||
Other operating income/(expense), net | 192,786 | 152,396 | (4,907) | ||
Operating profit | 2,467,907 | 1,498,620 | 1,456,702 | ||
Net finance costs / income | (206,260) | (733,388) | (695,285) | ||
Profit before income tax | 2,261,647 | 966,063 | 761,417 | ||
Tax benefit/(expense) | (291,973) | (123,693) | (42,690) | ||
Profit for the year from discontinued operations | ₺ 1,969,674 | ₺ 842,370 | ₺ 718,727 | ||
[1]Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations |
Discontinued operations - Asset
Discontinued operations - Assets and Liabilities (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | |||
Property, plant and equipment | ₺ 66,650,246 | ₺ 71,494,396 | ₺ 76,258,789 |
Right-of-use assets | 6,136,092 | 8,054,305 | 10,359,936 |
Intangible assets | 58,511,397 | 61,498,735 | ₺ 67,918,125 |
Deferred tax assets | 1,128,749 | 2,732,413 | |
Other non current asset | 4,430,424 | 5,368,170 | |
Cash and cash equivalents | 49,978,716 | 42,776,160 | |
Other current assets | 3,875,773 | 3,190,642 | |
Assets held for sale | 247,083,325 | 234,989,180 | |
Liabilities | |||
Borrowings | 84,084,209 | 88,737,385 | |
Other non current liabilities | 1,113,468 | 1,106,591 | |
Contract liabilities | 2,506,184 | 2,650,148 | |
Liabilities directly associated with the assets held for sale | 124,848,460 | ₺ 125,611,241 | |
Lifecell LLC, Global LLC, and Ukrtower | |||
Assets | |||
Property, plant and equipment | 5,797,891 | ||
Right-of-use assets | 1,327,438 | ||
Intangible assets | 3,299,805 | ||
Trade receivables | 269,898 | ||
Deferred tax assets | 1,315,876 | ||
Inventories | 53,042 | ||
Other non current asset | 151,771 | ||
Financial assets at amortised cost | 736,174 | ||
Cash and cash equivalents | 4,017,443 | ||
Other current assets | 136,432 | ||
Assets held for sale | 17,105,770 | ||
Liabilities | |||
Borrowings | 4,524,403 | ||
Employee benefit obligations | 34,730 | ||
Current tax liabilities | 4,200 | ||
Trade and other payables | 891,447 | ||
Other non current liabilities | 5,337 | ||
Deferred revenue | 17,804 | ||
Contract liabilities | 460,244 | ||
Provisions | 389,511 | ||
Liabilities directly associated with the assets held for sale | 6,327,676 | ||
Net assets directly associated with disposal group | ₺ 10,778,094 |
Discontinued operations - Other
Discontinued operations - Other comprehensive income (Details) - Lifecell LLC, Global LLC, and Ukrtower ₺ in Thousands | Dec. 31, 2023 TRY (₺) |
Amounts included in other comprehensive income: | |
Foreign currency translation reserve | ₺ 6,140,191 |
Reserve of disposal group classified as held for sale | ₺ 6,140,191 |
Discontinued operations - Net c
Discontinued operations - Net cash flows (Details) - Lifecell LLC, Global LLC, and Ukrtower - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net cash flows incurred by the disposal group | |||
Cash flows from operating activities | ₺ 4,878,305 | ₺ 4,122,088 | ₺ 5,098,656 |
Cash flows from investing activities | (1,842,419) | (3,163,689) | (3,095,876) |
Cash flows from financing activities | (826,913) | (785,688) | (910,800) |
Net cash (outflow)/inflow | ₺ 2,208,973 | ₺ 172,710 | ₺ 1,091,979 |
Discontinued operations - Addit
Discontinued operations - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Discontinued operations | |||
Deferred tax assets | ₺ 6,740,015 | ₺ 6,740,015 | ₺ 7,567,411 |
Lifecell LLC | |||
Discontinued operations | |||
Deferred tax assets | 1,177,312 | 1,177,312 | 1,047,014 |
Unused tax losses | ₺ 6,540,624 | ₺ 6,540,624 | ₺ 5,816,742 |
Accumulated losses utilization period | 4 years | ||
Percentage of reasonably possible decrease in subscriber growth rate and average revenue per subscriber | 5% | 5% | |
Extended project utilization period for reasonably possible decrease in subscriber growth rate and average revenue per subscriber | 1 year |
Cash Flow Information - Reconci
Cash Flow Information - Reconciliation of Net Cash Flow to Movement in Net Debt (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | ₺ (85,637,196) | ₺ (93,972,889) |
Cash inflows | (62,764,384) | (51,650,050) |
Cash outflows | 66,021,034 | 51,666,002 |
Other non-cash movements | (48,959,479) | (34,666,452) |
Transfer to asset held for sale | 4,524,403 | |
Inflation adjustment | 44,421,808 | 42,986,192 |
Ending balance | (82,393,814) | (85,637,196) |
Liabilities arising from financing activities, liabilities | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (88,737,385) | (99,548,038) |
Cash inflows | (70,514,047) | (57,611,572) |
Cash outflows | 70,777,764 | 56,930,743 |
Other non-cash movements | (43,665,517) | (32,129,802) |
Transfer to asset held for sale | 4,524,403 | |
Inflation adjustment | 43,530,573 | 43,621,284 |
Ending balance | (84,084,209) | (88,737,385) |
Debt securities issued | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (31,534,111) | (36,292,848) |
Cash inflows | (7,824,254) | (4,472,292) |
Cash outflows | 7,367,659 | 5,489,265 |
Other non-cash movements | (15,440,923) | (12,025,739) |
Inflation adjustment | 15,563,673 | 15,767,503 |
Ending balance | (31,867,956) | (31,534,111) |
Loans | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (52,169,081) | (55,389,833) |
Cash inflows | (62,689,793) | (53,139,280) |
Cash outflows | 59,288,115 | 47,130,897 |
Other non-cash movements | (22,663,080) | (15,506,487) |
Transfer to asset held for sale | 2,744,051 | |
Inflation adjustment | 25,701,123 | 24,735,622 |
Ending balance | (49,788,665) | (52,169,081) |
Lease liabilities | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (5,034,193) | (7,865,357) |
Cash outflows | 4,121,990 | 4,310,581 |
Other non-cash movements | (5,561,514) | (4,597,576) |
Transfer to asset held for sale | 1,780,352 | |
Inflation adjustment | 2,265,777 | 3,118,159 |
Ending balance | (2,427,588) | (5,034,193) |
Derivative Assets, net | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 3,100,189 | 5,575,149 |
Cash inflows | 7,749,663 | 5,961,522 |
Cash outflows | (4,756,730) | (5,264,741) |
Other non-cash movements | 5,293,962 | (2,536,649) |
Inflation adjustment | 891,235 | (635,092) |
Ending balance | ₺ 1,690,395 | ₺ 3,100,189 |
Subsequent events (Detail)
Subsequent events (Detail) ₺ / shares in Units, ₺ in Thousands, € in Thousands, ¥ in Thousands | 2 Months Ended | 11 Months Ended | 12 Months Ended | ||||||||||||||||||||
Apr. 05, 2024 TRY (₺) ₺ / shares | Mar. 14, 2024 EUR (€) | Feb. 14, 2024 TRY (₺) | Jan. 29, 2024 CNY (¥) | Jan. 17, 2024 TRY (₺) | Jan. 10, 2024 TRY (₺) | Dec. 27, 2023 CNY (¥) | Nov. 28, 2023 CNY (¥) | Oct. 25, 2023 EUR (€) | Sep. 06, 2023 CNY (¥) | Aug. 11, 2023 TRY (₺) | Aug. 09, 2023 TRY (₺) | Aug. 01, 2023 TRY (₺) | Jun. 21, 2023 EUR (€) | May 29, 2023 EUR (€) | May 08, 2023 TRY (₺) | Feb. 08, 2023 EUR (€) | Mar. 31, 2024 TRY (₺) | Feb. 29, 2024 TRY (₺) | Dec. 31, 2023 TRY (₺) ₺ / shares | Dec. 31, 2023 TRY (₺) ₺ / shares | Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 TRY (₺) | |
Subsequent events | |||||||||||||||||||||||
Issuance of debt securities | ₺ 700,000 | ₺ 530,000 | ₺ 500,000 | ₺ 330,000 | |||||||||||||||||||
Proceeds from issues of loans and borrowings | ₺ 62,689,793 | ₺ 53,139,280 | ₺ 43,150,810 | ||||||||||||||||||||
Dividends proposed | ₺ 6,277,000 | ||||||||||||||||||||||
Dividends proposed per share | ₺ / shares | ₺ 2.8532 | ||||||||||||||||||||||
Dividends proposed per share, net | ₺ / shares | 2.5679 | ||||||||||||||||||||||
Nominal value per share | ₺ / shares | ₺ 1 | ₺ 1 | ₺ 1 | ||||||||||||||||||||
China Development Bank | CNY | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Proceeds from issues of loans and borrowings | ¥ | ¥ 36,000 | ¥ 47,600 | ¥ 42,073 | ||||||||||||||||||||
Borrowings, interest rate | 5.15% | 5.15% | |||||||||||||||||||||
China Development Bank | EUR | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Proceeds from issues of loans and borrowings | € | € 40,675 | € 26,854 | € 36,603 | € 28,900 | |||||||||||||||||||
Borrowings, interest rate description | 6M Euribor+2.29% | ||||||||||||||||||||||
Borrowings, adjustment to variable interest rate | 2.29% | 2.29% | |||||||||||||||||||||
Turkcell Odeme | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of sukuk | ₺ 1,680,000 | ||||||||||||||||||||||
Turkcell Finansman | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of debt securities | ₺ 925,000 | ||||||||||||||||||||||
Issuance of securities and sukuk | Commercial bills with maturity of 12 July 2024 [member] | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of debt securities | ₺ 2,500,000 | ||||||||||||||||||||||
Issuance of securities and sukuk | Commercial bills with maturity of 2 August 2024 [member] | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of debt securities | 250,000 | ||||||||||||||||||||||
Issuance of securities and sukuk | Commercial bills with maturity of 6 August 2024 [member] | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of debt securities | ₺ 800,000 | ||||||||||||||||||||||
Issuance of securities and sukuk | Turkcell Superonline | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of sukuk | ₺ 300,000 | ₺ 300,000 | |||||||||||||||||||||
Issuance of securities and sukuk | Turkcell Odeme | Sukuk with maturity of 8 May 2024 [member] | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of sukuk | ₺ 200,000 | ||||||||||||||||||||||
Issuance of securities and sukuk | Turkcell Odeme | Sukuk with maturity of 5 June 2024 [member] | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of sukuk | 100,000 | ||||||||||||||||||||||
Issuance of securities and sukuk | Turkcell Odeme | Sukuk with maturity of 13 June 2024 [member] | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of sukuk | ₺ 200,000 | ||||||||||||||||||||||
Issuance of securities and sukuk | Turkcell Finansman | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Issuance of debt securities | ₺ 143,000 | ||||||||||||||||||||||
Borrowings received | China Development Bank | CNY | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Proceeds from issues of loans and borrowings | ¥ | ¥ 38,000 | ||||||||||||||||||||||
Borrowings, interest rate | 5.15% | ||||||||||||||||||||||
Borrowings received | China Development Bank | EUR | |||||||||||||||||||||||
Subsequent events | |||||||||||||||||||||||
Proceeds from issues of loans and borrowings | € | € 50,000 | ||||||||||||||||||||||
Borrowings, interest rate description | 6M Euribor + 2.29% | ||||||||||||||||||||||
Borrowings, adjustment to variable interest rate | 2.29% |