Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2022 shares | |
Entity Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2022 |
Document Fiscal Year Focus | 2022 |
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 |
Auditor Name | PwC Bagimsiz Denetim ve Serbest Muhasebeci Mali Musavirlik A.S. |
Auditor Location | Istanbul, Turkey |
Auditor Firm ID | 1346 |
Business Contact [Member] | |
Entity Information [Line Items] | |
City Area Code | 212 |
Local Phone Number | 313 18 88 |
Contact Personnel Name | Mr. Ali Serdar Yagci |
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] | |
Trading Symbol | TKC |
Title of 12(b) Security | Ordinary Shares Nominal Value TRY 1.000 |
Entity Common Stock, Shares Outstanding | 2,200,000,000 |
Security Exchange Name | NYSE |
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] | |
Title of 12(b) Security | American Depositary Shares,each representing 2.5 ordinary shares |
Security Exchange Name | NYSE |
No Trading Symbol Flag | true |
Consolidated Statement of Finan
Consolidated Statement of Financial Position - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Property, plant and equipment | ₺ 43,389,652 | ₺ 46,281,142 |
Right-of-use assets | 4,888,124 | 6,287,402 |
Intangible assets | 37,323,333 | 41,219,286 |
Investment properties | 108,686 | 109,905 |
Trade receivables | 298,759 | 421,256 |
Receivables from financial services | 285,138 | 225,968 |
Contract assets | 67,054 | 110,890 |
Financial assets at fair value through other comprehensive income | 1,850,830 | 2,261,409 |
Financial assets at fair value through profit or loss | 258,627 | |
Deferred tax assets | 1,658,290 | 2,306,567 |
Investments in equity accounted investees | 2,306,864 | 1,374,368 |
Other non-current assets | 3,257,905 | 2,133,915 |
Total non-current assets | 95,693,262 | 102,732,108 |
Inventories | 300,406 | 458,723 |
Trade receivables | 6,665,062 | 6,828,449 |
Due from related parties | 76,453 | 287,756 |
Receivables from financial services | 3,276,788 | 3,309,416 |
Contract assets | 1,888,942 | 1,938,769 |
Derivative financial instruments | 2,032,416 | 3,500,700 |
Financial assets at amortized cost | 748,665 | 6,840 |
Financial assets at fair value through other comprehensive income | 84,049 | |
Financial assets at fair value through profit or loss | 4,034,897 | |
Cash and cash equivalents | 25,960,674 | 30,601,235 |
Other current assets | 1,936,391 | 1,549,918 |
Total current assets | 46,920,694 | 48,565,855 |
Total assets | 142,613,956 | 151,297,963 |
Equity | ||
Share capital | 19,623,702 | 19,623,702 |
Share premium | 4,662 | 4,662 |
Treasury shares | (431,362) | (442,508) |
Additional paid-in capital | 57,739 | |
Reserves | 1,458,625 | 1,842,803 |
Remeasurements of employee termination benefit | (1,243,913) | (357,240) |
Retained earnings | 46,965,404 | 44,636,363 |
Total equity attributable to equity holders of Turkcell Iletisim Hizmetleri A.S. ("the Company") | 66,377,118 | 65,365,521 |
Non-controlling interests | 3,897 | (337) |
Total equity | 66,381,015 | 65,365,184 |
Liabilities | ||
Borrowings | 37,133,104 | 45,880,037 |
Trade and other payables | 34,320 | |
Due to related parties | 938 | |
Employee benefit obligations | 1,790,031 | 1,009,622 |
Provisions | 968,729 | 1,011,567 |
Deferred tax liabilities | 5,456,651 | 7,771,931 |
Contract liabilities | 757,697 | 730,816 |
Other non-current liabilities | 671,585 | 1,264,964 |
Total non-current liabilities | 46,813,055 | 57,668,937 |
Borrowings | 16,721,246 | 14,535,254 |
Current tax liabilities | 243,485 | 397,017 |
Trade and other payables | 10,328,422 | 11,040,029 |
Due to related parties | 241,308 | 107,031 |
Deferred revenue | 129,900 | 209,802 |
Provisions | 753,934 | 942,352 |
Contract liabilities | 850,667 | 915,192 |
Derivative financial instruments | 150,924 | 117,165 |
Total current liabilities | 29,419,886 | 28,263,842 |
Total liabilities | 76,232,941 | 85,932,779 |
Total equity and liabilities | ₺ 142,613,956 | ₺ 151,297,963 |
Consolidated Statement of Profi
Consolidated Statement of Profit or Loss - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit or loss [abstract] | |||
Revenue | ₺ 59,553,328 | ₺ 68,529,071 | ₺ 67,493,415 |
Revenue from financial services | 1,990,946 | 2,031,925 | 2,009,350 |
Total revenue | 61,544,274 | 70,560,996 | 69,502,765 |
Cost of revenue | (52,212,151) | (54,967,829) | (52,675,921) |
Cost of revenue from financial services | (801,254) | (608,646) | (435,772) |
Total cost of revenue | (53,013,405) | (55,576,475) | (53,111,693) |
Gross profit | 7,341,177 | 13,561,242 | 14,817,494 |
Gross profit from financial services | 1,189,692 | 1,423,279 | 1,573,578 |
Total gross profit | 8,530,869 | 14,984,521 | 16,391,072 |
Other income | 231,013 | 227,604 | 140,944 |
Selling and marketing expenses | (3,057,248) | (3,465,522) | (3,260,309) |
Administrative expenses | (1,722,538) | (1,769,939) | (1,776,142) |
Net impairment losses on financial and contract assets | (408,705) | (522,502) | (845,751) |
Other expenses | (902,726) | (1,234,219) | (1,657,083) |
Operating profit | 2,670,665 | 8,219,943 | 8,992,731 |
Finance income | 2,488,913 | 7,020,529 | 5,266,058 |
Finance costs | (7,630,882) | (13,369,520) | (8,274,974) |
Monetary gain (loss) | 4,713,822 | 2,915,848 | (534,673) |
Net finance costs / income | (428,147) | (3,433,143) | (3,543,589) |
Share of profit of equity accounted investees | 316,934 | 116,101 | (20,934) |
Profit before income tax | 2,559,452 | 4,902,901 | 5,428,208 |
Income tax expense | 1,615,297 | (572,320) | (919,742) |
Profit for the year | 4,174,749 | 4,330,581 | 4,508,466 |
Profit for the year is attributable to: | |||
Owners of the Company | 4,175,708 | 4,330,466 | 4,502,823 |
Non-controlling interests | (959) | 115 | 5,643 |
Profit for the year | ₺ 4,174,749 | ₺ 4,330,581 | ₺ 4,508,466 |
Basic earnings per share for profit attributable to owners of the Company (in full TL) | ₺ 1.9 | ₺ 2 | ₺ 2.1 |
Diluted earnings per share for profit attributable to owners of the Company (in full TL) | ₺ 1.9 | ₺ 2 | ₺ 2.1 |
Consolidated Statement of Other
Consolidated Statement of Other Comprehensive Income - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of comprehensive income [abstract] | |||
Profit for the period | ₺ 4,174,749 | ₺ 4,330,581 | ₺ 4,508,466 |
Items that will not be reclassified to profit or loss: | |||
Remeasurements of employee termination benefits | (1,107,508) | (328,711) | (117,779) |
Income tax relating to remeasurements of employee termination benefits | 220,835 | 65,798 | 23,452 |
Remeasurements of employee benefits, net of tax | (886,673) | (262,913) | (94,327) |
Items that may be reclassified to profit or loss: | |||
Exchange differences on translation of foreign operations | (454,364) | 4,348,030 | 602,969 |
Fair value reserve | (74,041) | (116,813) | (6,363) |
Cash flow hedges - effective portion of changes in fair value | 5,714,493 | 4,395,812 | 3,721,594 |
Cash flow hedges - reclassified to profit or loss | (4,326,630) | (3,796,219) | (3,600,406) |
Cost of hedging reserve - changes in fair value | (1,848,668) | (2,611,188) | (1,405,383) |
Cost of hedging reserve - reclassified to profit or loss | 531,297 | 256,977 | 237,309 |
Loss on hedges of net investments in foreign operations | (316,150) | (2,358,725) | (810,674) |
Income tax relating to these items | (40,519) | (461,384) | 390,967 |
-Income tax relating to exchange differences | (538,429) | (1,414,596) | 17,277 |
-Income tax relating to cash flow hedges | (54,521) | (52,780) | (10,301) |
-Income tax relating to cost of hedging reserve | 263,474 | 470,843 | 220,269 |
-Income tax relating to fair value reserve | 21,841 | 23,162 | 1,245 |
-Income tax relating to hedges of net investments | 267,116 | 511,987 | 162,477 |
Items that may be reclassified to profit or loss, net of tax | (814,582) | (343,510) | (869,987) |
Other comprehensive income/(loss) for the year, net of income tax | (1,701,255) | (606,423) | (964,314) |
Total comprehensive income/(loss) | 2,473,494 | 3,724,158 | 3,544,152 |
Total comprehensive income for the year is attributable to: | |||
Owners of the Company | 2,474,453 | 3,724,043 | 3,538,509 |
Non-controlling interests | (959) | 115 | 5,643 |
Total comprehensive income/(loss) | ₺ 2,473,494 | ₺ 3,724,158 | ₺ 3,544,152 |
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] | Remeasurements of employee termination benefits [member] | Retained earnings [member] | Total [member] | Non-controlling interests [member] | Total |
Beginning balance at Dec. 31, 2019 | ₺ 19,623,702 | ₺ (474,003) | ₺ 90,043 | ₺ 4,662 | ₺ 12,627,325 | ₺ 8,894 | ₺ (110,675) | ₺ (397,076) | ₺ (543,500) | ₺ (10,269,964) | ₺ 44,905,088 | ₺ 65,464,496 | ₺ 93,058 | ₺ 65,557,554 | |||||||
Profit/ (loss) for the year | 4,502,823 | 4,502,823 | 5,643 | 4,508,466 | |||||||||||||||||
Other comprehensive income/(loss) for the year, net of income tax | (5,118) | (648,197) | 110,887 | (947,805) | 620,246 | ₺ (94,327) | (964,314) | (964,314) | |||||||||||||
Total comprehensive income/(loss) | (5,118) | (648,197) | 110,887 | (947,805) | 620,246 | (94,327) | 4,502,823 | 3,538,509 | 5,643 | 3,544,152 | |||||||||||
Transfers to legal reserves | 562,856 | (562,856) | |||||||||||||||||||
Acquisition of treasury shares | (25,030) | (25,030) | (25,030) | ||||||||||||||||||
Dividend paid | 14,433 | (1,879,183) | (1,864,750) | (73,446) | (1,938,196) | ||||||||||||||||
Disposal of subsidiary | (25,186) | (25,186) | |||||||||||||||||||
Other | (11,471) | (11,471) | (11,471) | ||||||||||||||||||
Ending balance at Dec. 31, 2020 | 19,623,702 | (484,600) | 78,572 | 4,662 | 13,190,181 | 3,776 | (758,872) | (286,189) | (1,491,305) | (9,649,718) | (94,327) | 46,965,872 | 67,101,754 | 69 | 67,101,823 | ||||||
Profit/ (loss) for the year | 4,330,466 | 4,330,466 | 115 | 4,330,581 | |||||||||||||||||
Other comprehensive income/(loss) for the year, net of income tax | (93,651) | (1,846,738) | 546,813 | (1,883,368) | 2,933,434 | (262,913) | (606,423) | (606,423) | |||||||||||||
Total comprehensive income/(loss) | (93,651) | (1,846,738) | 546,813 | (1,883,368) | 2,933,434 | (262,913) | 4,330,466 | 3,724,043 | 115 | 3,724,158 | |||||||||||
Transfers to legal reserves | 1,178,440 | (1,178,440) | |||||||||||||||||||
Dividend paid | 42,092 | (5,481,535) | (5,439,443) | (5,439,443) | |||||||||||||||||
Other | (20,833) | (20,833) | (521) | (21,354) | |||||||||||||||||
Ending balance at Dec. 31, 2021 | 19,623,702 | (442,508) | 57,739 | 4,662 | 14,368,621 | (89,875) | (2,605,610) | 260,624 | (3,374,673) | (6,716,284) | (357,240) | 44,636,363 | 65,365,521 | (337) | 65,365,184 | ||||||
Profit/ (loss) for the year | 4,175,708 | 4,175,708 | (959) | 4,174,749 | |||||||||||||||||
Other comprehensive income/(loss) for the year, net of income tax | (52,200) | (49,034) | 1,333,342 | (1,053,897) | (992,793) | (886,673) | (1,701,255) | (1,701,255) | |||||||||||||
Total comprehensive income/(loss) | (52,200) | (49,034) | 1,333,342 | (1,053,897) | (992,793) | (886,673) | 4,175,708 | 2,474,453 | (959) | 2,473,494 | |||||||||||
Transfers to legal reserves | 430,404 | (430,404) | |||||||||||||||||||
Dividend paid | 11,146 | (1,451,412) | (1,440,266) | (1,440,266) | |||||||||||||||||
Acquisition of subsidiary | 5,193 | 5,193 | |||||||||||||||||||
Other | ₺ (57,739) | 35,149 | (22,590) | (22,590) | |||||||||||||||||
Ending balance at Dec. 31, 2022 | ₺ 19,623,702 | ₺ (431,362) | ₺ 4,662 | ₺ 14,799,025 | ₺ (142,075) | ₺ (2,654,644) | ₺ 1,593,966 | ₺ (4,428,570) | ₺ (7,709,077) | ₺ (1,243,913) | ₺ 46,965,404 | ₺ 66,377,118 | ₺ 3,897 | ₺ 66,381,015 | |||||||
[1]Reported under Reserves in the consolidated statement of financial position. |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit for the year from | |||
Profit/ (loss) for the year | ₺ 4,174,749 | ₺ 4,330,581 | ₺ 4,508,466 |
Adjustments for: | |||
Depreciation and impairment of property, plant and equipment and investment properties | 9,124,265 | 8,600,925 | 7,790,049 |
Amortization of intangible assets and right of use assets | 12,235,439 | 11,954,682 | 10,957,860 |
Impairment on property, plant and equipment and intangible asset | 237,670 | 19,545 | 10,289 |
Net finance expense | 2,178,925 | 1,732,481 | 2,318,204 |
Fair value adjustments to derivatives | 346,445 | (4,942,257) | (5,238,034) |
Income tax expense | (1,615,297) | 572,320 | 919,742 |
Gain on sale of property, plant and equipment | 22,714 | (57,506) | 187,762 |
Effects of exchange rate changes and inflation adjustments | 4,375,370 | 18,815,873 | (385,138) |
Provisions | 1,753,070 | 2,865,254 | 2,939,921 |
Share of (profit)/loss of associates and joint ventures | (316,934) | (116,101) | 20,934 |
Fair value adjustments to financial assets through profit or loss | (1,055,227) | ||
Loss on sale of subsidiary | 3,100 | ||
Non-cash other adjustments | 104,634 | 89,796 | 27,091 |
Cash flows from (used in) operations before changes in working capital | 31,565,823 | 43,865,593 | 24,060,246 |
Change in trade receivables | 485,683 | 954,685 | (270,084) |
Change in due from related parties | 211,525 | (250,873) | (24,577) |
Change in receivables from financial services | (2,162) | 897,930 | 1,806,462 |
Change in inventories | 158,317 | 11,881 | (2,839) |
Change in other current assets | (227,226) | 242,528 | 1,533,444 |
Change in other non-current assets | (65,197) | 192,449 | (134,924) |
Change in due to related parties | 134,476 | 11,586 | 58,492 |
Change in trade and other payables | (1,397,930) | (977,994) | 436,834 |
Change in other non-current liabilities | (5,101) | 695,277 | 319,237 |
Change in employee benefit obligations | (67,528) | (102,752) | (52,324) |
Change in short term contract asset | 52,733 | 269,879 | 219,967 |
Change in long term contract asset | 43,836 | 175,495 | (260,022) |
Change in deferred revenue | (79,902) | (59,617) | 119,644 |
Change in short term contract liability | (64,525) | 59,635 | (163,307) |
Change in long term contract liability | 26,881 | (4,520) | 53,583 |
Changes in other working capital | (892,578) | (1,990,738) | (1,316,051) |
Cash generated from operations | 29,877,125 | 43,990,444 | 26,383,781 |
Interest paid | (3,606,980) | (3,665,559) | (3,843,586) |
Income tax paid | (810,536) | (1,389,782) | (1,540,121) |
Net cash inflow from operating activities | 25,459,609 | 38,935,103 | 21,000,074 |
Cash flows from investing activities: | |||
Acquisition of property, plant and equipment | (9,184,716) | (10,902,588) | (8,481,442) |
Acquisition of intangible assets | (6,768,565) | (8,153,856) | (7,233,036) |
Proceeds from sale of property, plant and equipment | 731,901 | 412,482 | 144,946 |
Payment for acquisition of subsidiary, net of cash acquired | (142,426) | ||
Payments for advances given for acquisition of property, plant and equipment | (1,058,793) | (211,769) | (1,058,793) |
Contribution of increase of share capital in joint ventures/associates | (615,562) | (979,902) | (187,150) |
Cash inflows from sale of shares or borrowing instruments of other enterprises or funds | 1,193,060 | 1,393,100 | 2,296,553 |
Cash outflows from purchase of shares or borrowing instruments of other enterprises or funds | (1,193,022) | (2,080,484) | (2,326,912) |
Cash inflows/(outflows) from financial assets at amortized cost | (857,389) | 479,010 | (15,082) |
Cash outflows from financial assets at fair value through profit or loss | (3,739,959) | ||
Interest received | 2,450,396 | 2,464,840 | 2,315,988 |
Net cash outflow from investing activities | (19,042,649) | (17,721,593) | (14,544,928) |
Cash flows from financing activities: | |||
Proceeds from derivative instruments | 3,618,023 | 3,627,908 | 4,986,718 |
Repayments of derivative instruments | (3,195,149) | (3,452,123) | (1,841,164) |
Proceeds from issues of loans and borrowings | 32,250,009 | 26,188,047 | 55,229,867 |
Proceeds from issues of bonds | 2,714,215 | 386,103 | 1,189,479 |
Repayments of borrowings | (27,099,993) | (25,108,669) | (63,331,356) |
Repayments of bonds | (2,163,225) | (285,638) | (1,095,499) |
Dividends paid to shareholders | (1,440,266) | (5,439,443) | (1,864,750) |
Dividends paid to non-controlling interest in subsidiaries | (73,446) | ||
Acquisition of treasury shares | (25,030) | ||
Payments of lease liabilities | (2,616,074) | (3,313,449) | (3,129,580) |
Net cash outflow from financing activities | 2,067,540 | (7,397,264) | (9,954,761) |
Net increase in cash and cash equivalents | 8,484,500 | 13,816,246 | (3,499,615) |
Cash and cash equivalents at 1 January | 30,601,235 | 26,513,031 | 26,229,008 |
Effects of exchange rate changes and inflation adjustments on cash and cash equivalents | (13,125,061) | (9,728,042) | 3,783,638 |
Cash and cash equivalents at 31 December | ₺ 25,960,674 | ₺ 30,601,235 | ₺ 26,513,031 |
Reporting entity
Reporting entity | 12 Months Ended |
Dec. 31, 2022 | |
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 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 share 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 2022, 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). The Group’s immediate and ultimate parents are TVF BTIH, wholly owned by Turkiye Varlik Fonu (“TVF”), and TVF respectively as of 31 December 2022. TVF has been established with the Law No. 6741 and published in the Official Gazette dated 26 August 2016. 1. Reporting entity (continued) 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 2022. The consolidated financial statements of the Company as at and for the year ended 31 December 2022 comprise the Company and its subsidiaries (together referred to as the “Group”) and the Group’s interest in associates and a joint ventures. Subsidiaries of the Company, their locations and their nature of operations are disclosed in Note 39. The Company’s and each of its subsidiaries’ and associate’s financial statements are prepared as at and for the year ended 31 December 2022. |
Basis of preparation and summar
Basis of preparation and summary of significant accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Basis of preparation and summary of significant accounting policies | 2. Basis of preparation and summary of significant accounting policies This note provides a list of the significant 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. (a) Compliance with IFRS 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 (“IFRS IC”) 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 2022 were authorized for issue by the Board of Directors on 27 April 2023. (b) Restatement of financial statements during the hyperinflationary periods The financial statements of the Company and those of the subsidiaries located in Turkiye and Turkish Republic of Northern Cyprus for the year ended 31 December 2022 were restated for the changes in the general purchasing power of the functional currency based on International Accounting Standard No. 29 (“IAS 29”) “ Financial Reporting in Hyperinflationary Economies 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 156.2% as at 31 December 2022, 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. The table below shows the evolution of CPI in the last three years and as of 31 December 2022: 2022 2021 2020 2019 Annual Index 1,128.45 686.95 504.81 440.50 Average Index 967.71 561.61 469.59 418.24 Yearly Inflation 64.3 % 36.1 % 14.6 % Cumulative Inflation (Since 2019) 156.2 % 55.9 % 14.6 % 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. 2. Basis of preparation and summary of significant accounting policies (continued) (b) Restatement of financial statements during the hyperinflationary periods (continued) 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 2022. Consequently, the main items restated were Property, Plant and Equipment, Intangible assets, Right-of-Use Assets, Inventories, Investments in Associates 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 2022. Comparative figures must also be presented in the current currency of 31 December 2022 and are restated using the general price index of the current year. Therefore, comparative figures for the previous reporting periods have been restated 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. All items in the statement of cash flows are expressed in a measuring unit current at the balance sheet date; they are therefore restated by applying the average conversion factors. The subsidiaries that use functional currencies other than Turkish Lira (foreign companies with economies that are not considered to be hyperinflationary), are not restated for inflation their financial statements, in accordance with IAS 29. 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. 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. (c) Functional and presentation currency (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. 2. Basis of preparation and summary of significant accounting policies (continued) (c) Functional and presentation currency (continued) (i) Transactions and balances (continued) 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 and other financial instruments designated as hedges of any net investment in foreign entities are recognized in other comprehensive income. When a foreign operation is sold or any borrowings forming part of the net investment are repaid 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. (d) Use of estimates and judgments 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 The Group maintains an allowance for doubtful receivables for estimated losses resulting from the inability of the Group’s subscribers and customers to make required payments. The Group bases the allowance on the likelihood of recoverability of trade receivables, receivables from financial services and other receivables; when there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of asset and that events have an impact on the estimated future cash flows of the financial asset or group of financial assets that could be reliably estimated. The allowance is periodically reviewed. The allowance charged to expenses is determined in respect of receivable balances, calculated as a specified percentage of the outstanding balance in each aging group, with the percentage of the allowance increasing as the aging of the receivable progresses. 2. Basis of preparation and summary of significant accounting policies (continued) (d) Use of estimates and judgments (continued) Capitalization and useful lives of assets 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. Gross versus net presentation of revenue When the Group acts as principal in sale of goods or rendering of services, revenue from customers and costs with suppliers are reported on a gross basis. When the Group acts as agent in sale of goods or rendering of services, revenue from customers and costs related to suppliers are reported on a net basis, representing the net margin earned. Whether the Group is acting as principal or agent depends on management’s analysis of both legal form and substance of the agreement between the Group and its business partners; such judgments impact the amount of reported revenue and costs but do not impact reported assets, liabilities or cash flows. 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 does not recognize any revenue 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. Multiple performance obligations and price allocation In arrangements which include multiple elements where the Group acts as principal, the Group considers that 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, ● The promise to transfer the good or service is distinct within the context of the contract. The arrangement consideration is allocated to each performance obligation identified in the contract based on relative stand-alone selling prices. 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. 2. Basis of preparation and summary of significant 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 disclosed (unless information concerning provisions are very sensitive, and full disclosure could prejudice the outcome of cases) or accounted for in the consolidated financial statements. Future results or outcome of these investigations and litigations might differ from these Group Management’s expectations. 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. Annual impairment review The Group’s non-current are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. Fair value measurements and valuation process Some of the Company’s assets and liabilities are measured at fair value for financial reporting purposes. In estimating the fair value of an asset or liability, the Company uses market-observable data to the extent it is available. The management works closely with the qualified external experts to establish the appropriate valuation techniques and inputs to the model. Information about the valuation techniques and inputs used in determining the fair value of various assets and liabilities is disclosed in Note 35. (e) Changes in accounting policies Other than the adoption of the new and revised standards as explained in Note 2(aa), the Group did not make any significant changes to its accounting policies during the current year. 2. Basis of preparation and summary of significant accounting policies (continued) (f) Changes in accounting estimates 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) Comparative information and revision of prior period financial statements The consolidated financial statements of the Group are prepared comparatively with the previous period in order to enable the monitor 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. In order to comply with the presentation of the current period consolidated financial statements, comparative information is reclassified when necessary and significant differences are disclosed. The Company has classified current trade receivables amounting to 49,404 TL as due from related parties as of 31 December 2021. The reclassification has no effect on the consolidated statement of profit or loss. (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. 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 consideration transferred, amount of any non-controlling interest in the acquired entity, and acquisition-date fair value of any previously held equity interest in the acquired entity over the fair value of the net identifiable assets acquired. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognized directly in profit or loss as a bargain purchase. 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. 2. Basis of preparation and summary of significant accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (i) Business combinations (continued) 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. Contingent consideration classified as equity is not subject to remeasurement. Instead, any gain or loss at settlement is recorded as an adjustment to equity through other comprehensive income. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss. (ii) Subsidiaries Subsidiaries comprise all entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. 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. Non-controlling interest has not been attributed to BeST is financed solely by the Company and management’s assessment of relevant articles of the share purchase agreement with the non-controlling shareholder. (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 significant accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (iii) Changes in ownership interests (continued) When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value with the change in carrying amount recognized in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the Group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only a proportionate share of the amounts previously recognized in other comprehensive income are reclassified to profit or loss where appropriate. (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. Investments in associates are accounted for using the equity method of accounting after initially being recognized at cost. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint arrangement. The results and assets and liabilities of joint ventures are incorporated in these consolidated financial statements using the equity method of accounting. 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. Dividends received or receivable from associates are recognized as a reduction in the carrying amount of the investment. When the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in that entity, including any other unsecured long-term receivables, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. 2. Basis of preparation and summary of significant accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (v) Investments in associates and joint ventures (continued) On acquisition of an associate, any excess of the cost of the investment over the Group’s share of the net fair values of the associate’s identifiable assets and liabilities is recognized as goodwill, which is included in the carrying amount of the investment. Any excess of the Group’s share of the net fair value of the associate’s identifiable assets and liabilities over the cost of the investment is included as part of the Group’s share of the associate profit or loss in the period in which the investment is acquired. The carrying amount of equity-accounted investments is tested for impairment. The Group measures an associate that is classified as held for sale at the lower of its carrying amount at the date of classification as held for sale and fair value less costs of disposal. Equity accounting ceases once an associate is classified as held for sale. (i) Financial instruments Classification From 1 January 2018, the Group classifies its financial assets in the following measurement categories: - Those to be measured subsequently at fair value (either through OCI or through profit or loss) and - Those to be measured at amortized cost. The classification depends on the Group’s business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses will either be recorded in profit or loss or OCI. For investments in equity instruments that are not held for trading, this will depend on whether the Group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income (FVOCI). The Group reclassifies debt investments when and only when its business model for managing those assets changes. Recognition and derecognition Regular way purchases and sales of financial assets are recognized on trade date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. Measurement At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest. 2. Basis of preparation and summary of significant accounting policies (continued) (i) Financial instruments (continued) (i) Debt instruments Subsequent measurement of debt instruments depends on the Group’s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Group classifies its debt instruments: - Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognized directly in profit or loss. - FVOCI: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in OCI is reclassified from equity to profit or loss. Interest income from these financial assets is included in finance income using the effective interest rate method. - FVPL: Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL. A gain or loss on a debt instruments that is subsequently measured at FVPL is recognized in profit or loss in the period in which it arises. (ii) Equity instruments The Group subsequently measures all equity investments at fair value. Where the Group’s management has elected to present fair value gains and losses on equity investments in OCI, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognized in profit or loss as other income when the Group’s right to receive payments is established. Changes in the fair value of financial assets at FVPL are recognized in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI are not reported separately from other changes in fair value. (iii) Impairment From 1 January 2018, the Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amo |
Business combinations
Business combinations | 12 Months Ended |
Dec. 31, 2022 | |
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 156,933 - Cash consideration amount 151,553 - Contingent and deferred consideration amount (Note 27) 5,380 Net assets acquired (140,093) Goodwill (Note 13) 16,840 The fair values of identifiable assets and liabilities in accordance with IFRS 3 arising from the acquisition are as follows: Cash and cash equivalents 9,127 Other current assets 9,424 Property, plant and equipment (Note 12) 208,098 Intangible assets (Note 13) 366,167 Other non-current assets 273 Borrowings (249,512) Trade and other payables (12,943) Due to related parties (4,123) Provisions (61) Employee benefit obligations (126) Deferred tax liabilities (80,090) Other liabilities (106,141) Fair value of total identifiable net assets (100%) 140,093 The details of cash outflow due to acquisition are as follows: Total consideration - cash 151,553 Cash and cash equivalents - acquired (9,127) Cash outflow due to acquisition (net) 142,426 |
Financial risk management
Financial risk management | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Financial risk management | 4. Financial risk management 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. 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 2022, guarantees of TL 3,952,782 were outstanding (31 December 2021: TL 6,430,010). 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 2,184,052 (31 December 2021: TL 5,002,305) 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. Financial risk management (continued) 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. Effect of IBOR reform The reform and replacement of benchmark interest rates such as USD LIBOR and other interbank offered rates (‘IBORs’) has become a priority for global regulators. There are ongoing studies for these changes. The Group’s risk exposure that is directly affected by the interest rate benchmark reform is its USD 236,361 floating-rate debt. The Group has hedged this debt with participating cross currency, cross currency and interest swaps, and it has designated at participating cross currency swap in a cash flow hedge of the variability in cash flows of the debt, due to changes in 6-month USD LIBOR that is the current benchmark interest rate after the publication of Phase-2 in August 2020. The nominal amount of these derivative instruments is USD 294,075 and the nominal amount of the hedged part of these instruments is USD 194,837. The Group treasury department oversees the Group’s USD LIBOR transition plan. This transition project will include changes to systems, processes, risk and valuation models, as well as managing related tax and accounting implications. The Group currently anticipates that the areas of greatest change will be amendments to the contractual terms of the USD LIBOR-referenced floating-rate debt and the participating cross currency swap and updating hedge designations. 4. Financial risk management (continued) Market risk (continued) (ii) Interest rate risk (continued) Effect of IBOR reform – significant assumptions 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: - The floating-rate debt will move to an alternative benchmark rate during 2022, and the spread will be similar to the spread included in the participating cross currency swap used as the hedging instrument; - No other changes to the terms of the floating-rate debt are anticipated; and - The Group has incorporated the uncertainty over when the floating-rate debt will move to an alternative benchmark rate, the resulting adjustment to the spread, and the other aspects of the reform that have not yet been finalized by adding an additional spread to the discount rate used in the calculation. |
Segment information
Segment information | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Segment information | 5. Segment information 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 the operations of Turkcell, Turkcell Superonline Iletisim Hizmetleri A.S. (“Turkcell Superonline”), group call center operations of Global Bilgi Pazarlama Danismanlik ve Cagri Servisi Hizmetleri A.S. (“Turkcell Global Bilgi”), Turktell Bilisim Servisleri A.S. (“Turktell”), Turkcell Teknoloji Arastirma ve Gelistirme A.S. (“Turkcell Teknoloji”), Kule Hizmet ve Isletmecilik A.S. (“Global Tower”), Atmosware Teknoloji Egitim ve Danismanlik A.S (“Atmosware Teknoloji”), 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”), BiP Iletisim Teknolojileri ve Dijital Servisler A.S. (“BiP A.S.”), Turkcell Satis’s digital business services (Note 2), Turkcell Dijital Is Servisleri A.S. (“Turkcell Dijital”) and Turkcell Dijital Egitim Teknolojileri A.S. (“Dijital Egitim”). Turkcell International reportable segment includes the operations of Lifecell LLC (“lifecell”), 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”), Beltel Telekomunikasyon Hizmetleri A.S. (“Beltel”), LLC UkrTower (“UkrTower”), LLC Global Bilgi (“Global LLC”), Turkcell Europe GmbH (“Turkcell Europe”), 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 the operations of Turkcell Finansman, Turkcell Odeme, Paycell, 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. 5. Segment information (continued) Other reportable segment mainly comprises the information and entertainment services in Turkiye, non-group call center operations of Turkcell Global Bilgi, Turkcell Enerji, Boyut Enerji, Turkcell GSYF 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. 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 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Total segment revenue 47,308,592 54,625,847 6,429,763 6,271,017 2,151,676 2,154,951 8,228,583 9,573,927 (2,574,340) (2,064,746) 61,544,274 70,560,996 Inter-segment revenue (251,950) (352,233) (144,986) (168,764) (160,730) (123,015) (2,016,674) (1,420,734) 2,574,340 2,064,746 — — Revenues from external customers 47,056,642 54,273,614 6,284,777 6,102,253 1,990,946 2,031,936 6,211,909 8,153,193 — — 61,544,274 70,560,996 Adjusted EBITDA 19,888,347 24,770,715 3,263,535 3,047,283 1,061,780 1,286,400 787,953 792,538 (61,863) (95,226) 24,939,752 29,801,710 IFRS 9 impairment loss provision (338,375) (487,677) (34,265) (13,679) (34,799) (19,282) (1,266) (1,864) — — (408,705) (522,502) Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Total segment revenue 54,625,847 54,799,961 6,271,017 5,722,387 2,154,951 2,042,264 9,573,927 8,627,817 (2,064,746) (1,689,664) 70,560,996 69,502,765 Inter-segment revenue (352,233) (322,867) (168,764) (198,233) (123,015) (32,914) (1,420,734) (1,135,650) 2,064,746 1,689,664 — — Revenues from external customers 54,273,614 54,477,094 6,102,253 5,524,154 2,031,936 2,009,350 8,153,193 7,492,167 — — 70,560,996 69,502,765 Adjusted EBITDA 24,770,715 24,725,401 3,047,283 2,628,467 1,286,400 1,243,799 792,538 788,500 (95,226) (119,099) 29,801,710 29,267,068 IFRS 9 impairment loss provision (487,677) (714,207) (13,679) (6,764) (19,282) (123,483) (1,864) (1,297) — — (522,502) (845,751) 31 December 31 December 31 December 2022 2021 2020 Profit for the period 4,174,749 4,330,581 4,508,466 Add/(Less): Income tax expense (1,615,297) 572,320 919,742 Finance income (2,488,913) (7,020,529) (5,266,058) Finance costs 7,630,882 13,369,520 8,274,974 Other income (231,013) (227,604) (140,944) Other expenses 902,726 1,234,219 1,657,083 Monetary (gain) loss (4,713,822) (2,915,848) 534,673 Depreciation and amortization 21,597,374 20,575,152 18,758,198 Share of loss/(gain) of equity accounted investees (316,934) (116,101) 20,934 Consolidated adjusted EBITDA 24,939,752 29,801,710 29,267,068 5. Segment information (continued) 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 2022 2021 2020 Revenues Turkiye 55,259,493 64,458,713 63,976,147 Ukraine 4,807,505 4,652,353 4,025,909 Belarus 934,675 834,964 883,793 Turkish Republic of Northern Cyprus 518,935 582,418 550,844 Netherlands 23,666 32,548 64,521 Germany — — 1,551 61,544,274 70,560,996 69,502,765 Non-current assets Turkiye 85,880,431 88,359,223 84,384,532 Ukraine 7,678,128 12,745,754 9,076,810 Belarus 746,265 810,199 592,076 Turkish Republic of Northern Cyprus 987,144 724,345 745,661 Unallocated non-current assets 401,294 92,587 342,622 95,693,262 102,732,108 95,141,701 |
Revenue
Revenue | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Revenue | 6. Revenue Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Telecommunication services 44,543,684 51,769,147 6,067,959 5,806,576 — — — — (103,858) (127,973) 50,507,785 57,447,750 Equipment revenues 2,499,908 2,495,278 151,310 217,483 — — 4,179,573 5,763,575 (23,522) (99,999) 6,807,269 8,376,337 Revenue from financial services — — — — 2,151,676 2,154,951 — — (160,730) (123,026) 1,990,946 2,031,925 Call center revenues 103,132 93,157 46,262 78,948 — — 901,561 1,086,174 (114,459) (124,439) 936,496 1,133,840 Other 161,868 268,265 164,232 168,010 — — 3,147,449 2,724,178 (2,171,771) (1,589,309) 1,301,778 1,571,144 Total 47,308,592 54,625,847 6,429,763 6,271,017 2,151,676 2,154,951 8,228,583 9,573,927 (2,574,340) (2,064,746) 61,544,274 70,560,996 6. Revenue (continued) Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Telecommunication services 51,769,147 52,039,191 5,806,576 5,174,308 — — — — (127,973) (137,940) 57,447,750 57,075,559 Equipment revenues 2,495,278 2,415,492 217,483 280,218 — — 5,763,575 5,284,622 (99,999) (49,118) 8,376,337 7,931,214 Revenue from financial services — — — — 2,154,951 2,042,264 — — (123,026) (32,914) 2,031,925 2,009,350 Call center revenues 93,157 82,888 78,948 77,269 — — 1,086,174 997,013 (124,439) (123,157) 1,133,840 1,034,013 Other 268,265 262,390 168,010 190,592 — — 2,724,178 2,346,182 (1,589,309) (1,346,535) 1,571,144 1,452,629 Total 54,625,847 54,799,961 6,271,017 5,722,387 2,154,951 2,042,264 9,573,927 8,627,817 (2,064,746) (1,689,664) 70,560,996 69,502,765 31 December 2022 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 44,543,684 6,067,959 — — (103,858) 50,507,785 At a point in time 383,020 47,884 — — (385) 430,519 Over time 44,160,664 6,020,075 — — (103,473) 50,077,266 Equipment Related 2,499,908 151,310 — 4,179,573 (23,522) 6,807,269 At a point in time 2,231,582 151,310 — 4,179,573 (23,522) 6,538,943 Over time 268,326 — — — — 268,326 Revenue from financial operations — — 2,151,676 — (160,730) 1,990,946 At a point in time — — 984,232 — (160,726) 823,506 Over time — — 1,167,444 — (4) 1,167,440 Call Center 103,132 46,262 — 901,561 (114,459) 936,496 At a point in time — — — — — — Over time 103,132 46,262 — 901,561 (114,459) 936,496 Other 161,868 164,232 — 3,147,449 (2,171,771) 1,301,778 At a point in time 7,188 4,077 — 55,589 (20,520) 46,334 Over time 154,680 160,155 — 3,091,860 (2,151,251) 1,255,444 Total 47,308,592 6,429,763 2,151,676 8,228,583 (2,574,340) 61,544,274 At a point in time 2,621,790 203,271 984,232 4,235,162 (205,153) 7,839,302 Over time 44,686,802 6,226,492 1,167,444 3,993,421 (2,369,187) 53,704,972 6. Revenue (continued) 31 December 2021 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 51,769,147 5,806,576 — — (127,973) 57,447,750 At a point in time 523,843 42,850 — — (2) 566,691 Over time 51,245,304 5,763,726 — — (127,971) 56,881,059 Equipment Related 2,495,278 217,483 — 5,763,575 (99,999) 8,376,337 At a point in time 2,022,617 217,483 — 5,763,575 (99,999) 7,903,676 Over time 472,661 — — — — 472,661 Revenue from financial operations — — 2,154,951 — (123,026) 2,031,925 At a point in time — — 843,357 — (123,026) 720,331 Over time — — 1,311,594 — — 1,311,594 Call Center 93,157 78,948 — 1,086,174 (124,439) 1,133,840 At a point in time — — — — — — Over time 93,157 78,948 — 1,086,174 (124,439) 1,133,840 Other 268,265 168,010 — 2,724,178 (1,589,309) 1,571,144 At a point in time 11,256 577 — 91,866 (6,034) 97,665 Over time 257,009 167,433 — 2,632,312 (1,583,275) 1,473,479 Total 54,625,847 6,271,017 2,154,951 9,573,927 (2,064,746) 70,560,996 At a point in time 2,557,716 260,910 843,357 5,855,441 (229,061) 9,288,363 Over time 52,068,131 6,010,107 1,311,594 3,718,486 (1,835,685) 61,272,633 31 December 2020 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 52,039,191 5,174,308 — — (137,940) 57,075,559 At a point in time 622,685 33,131 — — — 655,816 Over time 51,416,506 5,141,177 — — (137,940) 56,419,743 Equipment Related 2,415,492 280,218 — 5,284,622 (49,118) 7,931,214 At a point in time 2,198,044 280,218 — 5,284,622 (49,118) 7,713,766 Over time 217,448 — — — — 217,448 Revenue from financial operations — — 2,042,264 — (32,914) 2,009,350 At a point in time — — 585,555 — (32,914) 552,641 Over time — — 1,456,709 — — 1,456,709 Call Center 82,888 77,269 — 997,013 (123,157) 1,034,013 At a point in time — — — — — — Over time 82,888 77,269 — 997,013 (123,157) 1,034,013 Other 262,390 190,592 — 2,346,182 (1,346,535) 1,452,629 At a point in time 22 20,414 — 127,534 (9,740) 138,230 Over time 262,368 170,178 — 2,218,648 (1,336,795) 1,314,399 Total 54,799,961 5,722,387 2,042,264 8,627,817 (1,689,664) 69,502,765 At a point in time 2,820,751 333,763 585,555 5,412,156 (91,772) 9,060,453 Over time 51,979,210 5,388,624 1,456,709 3,215,661 (1,597,892) 60,442,312 |
Other income and expense
Other income and expense | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Other income and expense | 7. Other income and expense Recognized in the statement of profit or loss: 31 December 31 December 31 December 2022 2021 2020 Share Income 63,440 84,803 16,047 Rent income 23,511 22,668 21,136 Non-interest income from banks 10,435 17,030 21,335 Other 133,627 103,103 82,426 Other income 231,013 227,604 140,944 Revaluation tax expense (*) (259,070) (277,184) — Donation expenses (168,723) (168,997) — Litigation expenses (139,101) (667,297) (898,074) Loss on modification of lease contract (104,634) (89,796) (27,091) Loss on sale of fixed assets (22,714) 57,506 (187,762) Restructuring cost (8,383) (10,951) (31,966) Supplementary contributions to retailers (3,026) (7,079) (108,948) Subscriber returns (**) — — (54,405) Other (197,075) (70,421) (348,837) Other expense (902,726) (1,234,219) (1,657,083) (*) It consists of 2% tax expense paid over the value increase resulting from the revaluation of the properties and depreciable economic assets in the statutory books. (**) It consists of the transfer of the expired portion of the returns that cannot be made to the subscribers due to various reasons despite the performance of all obligations specified in the legislation, to the Evrensel Fund. |
Employee benefit expenses
Employee benefit expenses | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Employee benefit expenses | 8. Employee benefit expenses 31 December 2022 31 December 2021 31 December 2020 Wages and salaries (*) 6,319,471 6,795,403 6,681,680 Employee termination benefits (**) 84,262 99,102 91,099 Defined contribution plans 64,309 66,401 70,379 6,468,042 6,960,906 6,843,158 (*) Wages and salaries include compulsory social security contributions, bonuses and share based payments. (**) Remeasurements of employee termination benefits for the years ended 31 December 2022, 2021 and 2020 amounting to TL 1,107,508, TL 328,711 and TL 117,779 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, 2022 | |
Text block [abstract] | |
Finance income and costs | 9. Finance income and costs Recognized in the statement of profit or loss: 31 December 31 December 31 December 2022 2021 2020 Interest income 1,377,562 1,366,532 859,995 Currency protected time deposit 1,055,227 — — Cash flow hedges – reclassified to profit or loss — 3,539,243 3,363,094 Net fair value gains on derivative financial instruments and interest — 2,040,291 986,699 Other 56,124 74,463 56,270 Finance income 2,488,913 7,020,529 5,266,058 Net foreign exchange losses (4,287,397) (11,189,399) (6,126,969) Net interest expenses for financial assets and liabilities measured at amortized cost (3,018,800) (2,116,574) (2,078,171) Net fair value losses on derivative financial instruments and interest (3,993,810) — — Cash flow hedges - reclassified to profit or loss 3,795,332 — — Other (126,207) (63,547) (69,834) Finance costs (7,630,882) (13,369,520) (8,274,974) Monetary gain (loss) 4,713,822 2,915,848 (534,673) Net finance costs (428,147) (3,433,143) (3,543,589) Net foreign exchange losses mainly include foreign exchange losses on borrowings, bonds issued and cash and cash equivalents. Foreign exchange losses from BeST and lifecell exclude foreign exchange losses incurred in the foreign operations’ individual financial statements, which have been recognized directly in equity under foreign currency translation reserve in the consolidated financial statements in accordance with the accounting policy for net investment in foreign operations as disclosed in Note 2c. Interest income and expense on financial assets measured at amortized cost are shown as netted of on consolidated statement of profit or loss. The Company has gross interest income and expense on financial assets at amortized cost amounting to TL 750,574, TL (3,769,374), TL 786,166, TL (2,902,741), and TL 675,150, TL (2,753,321) for the years ended 31 December 2022, 2021 and 2020, respectively. Foreign exchange gains and losses are shown as netted of on consolidated statement of profit or loss. The company has gross foreign exchange gains and losses amounting to TL 9,651,689, TL (13,939,086), TL 17,135,545, TL (28,324,944) and TL 6,010,064, TL (12,137,033) for the years ended 31 December 2022, 2021 and 2020, respectively. |
Income tax expense
Income tax expense | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Income tax expense | 10. Income tax expense 31 December 31 December 31 December 2022 2021 2020 Current income tax expense (532,112) (1,180,331) (1,737,951) Deferred income tax expense 2,147,409 608,011 818,209 Total income tax expense 1,615,297 (572,320) (919,742) 10. Income tax expense (continued) Income tax relating to each component of other comprehensive income Tax (expense) / 31 December 2022 Before tax benefit Net of tax Foreign currency translation differences (454,364) (538,429) (992,793) Change in cash flow hedge reserve 1,387,863 (54,521) 1,333,342 Change in cost of hedging reserve (1,317,371) 263,474 (1,053,897) Fair value reserve (74,041) 21,841 (52,200) Hedges of net investments in foreign operations (316,150) 267,116 (49,034) Remeasurements of employee termination benefits (1,107,508) 220,835 (886,673) (1,881,571) 180,316 (1,701,255) Tax (expense) / 31 December 2021 Before tax benefit Net of tax Foreign currency translation differences 4,348,030 (1,414,596) 2,933,434 Change in cash flow hedge reserve 599,593 (52,780) 546,813 Change in cost of hedging reserve (2,354,211) 470,843 (1,883,368) Fair value reserve (116,813) 23,162 (93,651) Hedges of net investments in foreign operations (2,358,725) 511,987 (1,846,738) Remeasurements of employee termination benefits (328,711) 65,798 (262,913) (210,837) (395,586) (606,423) Tax (expense) / 31 December 2020 Before tax benefit Net of tax Foreign currency translation differences 602,969 17,277 620,246 Change in cash flow hedge reserve 121,188 (10,301) 110,887 Change in cost of hedging reserve (1,168,074) 220,269 (947,805) Fair value reserve (6,363) 1,245 (5,118) Hedges of net investments in foreign operations (810,674) 162,477 (648,197) Remeasurements of employee termination benefits (117,779) 23,452 (94,327) (1,378,733) 414,419 (964,314) 10. Income tax expense (continued) Reconciliation of income tax expense 31 December 31 December 31 December 2022 2021 2020 Profit from continuing operations before income tax expense 2,559,452 4,902,901 5,428,208 Profit before income tax expense 2,559,452 4,902,901 5,428,208 Tax at the Turkiye’s tax rate (588,674) (1,225,726) (1,194,206) Difference in overseas tax rates 119,988 25,863 (7,971) Effect of exemptions (*) 754,032 361,465 226,745 Previously unrecognized tax losses used to reduce deferred tax expense (**) — — 1,488,420 Utilization of previously unrecognized tax losses — — 15,080 Effect of amounts which are not deductible and permanent differences (237,579) (748,345) (278,604) Change in unrecognized deferred tax assets (***) (333,765) (17,970) (47,094) Adjustments for current tax of prior years 9,684 (8,402) 62,457 Effect of increase in corporate tax rate in Turkiye 235,539 430,575 — Tax effect of investment in associate and joint venture (47,467) (17,436) (5,852) Inflation adjustments (****) 1,705,480 624,162 (1,181,611) Other (1,941) 3,494 2,894 Total income tax expense 1,615,297 (572,320) (919,742) (*) Effect of exemptions mainly consist of R&D discounts. (**) Mainly comprises the deferred tax credit of TL 1,488,420 which relates to the carried-forward tax losses of lifecell. lifecell has recorded positive taxable profits for the year ended 31 December 2020, mainly as a result of increased subscriber numbers and cost management. The Group has concluded that the deferred tax assets will be recoverable using the estimated future taxable profits based on the business plan of lifecell. The tax losses can be carried forward indefinitely and have no expiry date. (***) Mainly comprises of unused tax losses for which no deferred tax asset has been recognized. (****) Mainly comprises of adjustments in order to reflect the impact of the inflation restatement reporting in terms of the measuring unit current as of 31 December 2022. On 22 April 2021, a temporary article is added to the Turkiye’s Corporate Tax Law No. 5220 which was published in the Official Gazette. The Law increases the corporate tax rate under Corporate Tax Law from the current 20% rate to 25% for the tax year 2021 and to 23% rate for the tax year 2022; the change took effect on the Law’s date of publication. It is expected to continue with 20% afterwards. However, with the publication of the Law No. 7394 in the Official Gazette dated 15 April 2022, 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 The corporate tax rate for pension companies has been permanently increased to 25%, and this change will be valid for returns to be submitted after 1 July 2022. 10. Income tax expense (continued) Reconciliation of income tax expense (continued) 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 are 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 7352 Law on amending the Tax Procedure Law and Corporate Tax Law was enacted on 20 January 2022. It has been decided that the statutory financial statements will not be subject to inflation adjustment in the 2021 and 2022 accounting periods, including the provisional accounting periods, and in the provisional tax periods of the 2023 accounting period, regardless of whether the conditions for the inflation adjustment within the scope of the Repeated Article 298 are met. In line with the Law No. 7352, inflation adjustment will be applied to the statutory financial statements dated 31 December 2023, and the profit/loss difference arising from the inflation adjustment will not be taxed. |
Expenses by nature
Expenses by nature | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Expenses by nature | 11. Expenses by nature Breakdown of expenses by nature for the years ended 31 December 2022, 2021 and 2020 is as follows: Cost of revenue: 31 December 31 December 31 December 2022 2021 2020 Depreciation and amortization (*) (21,597,374) (20,575,152) (18,758,198) Cost of goods sold (6,693,344) (8,584,046) (8,075,167) Share of Turkish Treasury (4,728,050) (5,657,992) (5,810,224) Employee benefit expenses (3,815,409) (4,195,473) (4,167,385) Interconnection and termination expenses (3,686,961) (5,059,269) (5,334,096) Radio expenses (3,321,977) (2,338,402) (2,180,061) Frequency expenses (1,732,796) (2,074,047) (2,131,291) Transmission expenses (944,252) (1,020,740) (1,022,287) Roaming expenses (700,366) (648,512) (509,777) Universal service fund (658,658) (778,671) (794,008) Cost of revenue from financial services (**) (646,675) (444,372) (325,060) Maintenance and repair expenses (466,780) (522,772) (477,561) Datacenter expenses (398,871) (136,566) (120,423) Utility expenses (290,733) (160,877) (150,456) Others (3,331,159) (3,379,584) (3,255,699) (53,013,405) (55,576,475) (53,111,693) (*) As at 31 December 2022, depreciation and amortization expenses include depreciation and amortization expenses related to the financial services amounting to TL 154,579 (31 December 2021: TL 164,274 and 31 December 2020: 110,712). (**) As at 31 December 2021, cost of revenue from financial services includes employee benefit expenses related to the financial services amounting to TL 80,284 (31 December 2021: TL 62,841 and 31 December 2020: TL 43,427). Selling and marketing expenses: 31 December 31 December 31 December 2022 2021 2020 Employee benefit expenses (1,415,584) (1,511,353) (1,498,301) Marketing expenses (1,171,048) (1,429,118) (1,213,753) Selling expenses (261,070) (318,709) (412,084) Others (209,546) (206,342) (136,171) (3,057,248) (3,465,522) (3,260,309) 11. Expenses by nature (continued) Administrative expenses: 31 December 31 December 31 December 2022 2021 2020 Employee benefit expenses (1,156,765) (1,191,239) (1,134,045) Consultancy expenses (141,233) (177,743) (126,092) Service expenses (92,798) (86,289) (139,431) Maintenance and repair expenses (55,217) (54,160) (48,960) Collection expenses (54,646) (75,178) (124,013) Travel and entertainment expenses (39,252) (32,921) (40,394) Utility expenses (28,409) (18,452) (20,143) Others (154,218) (133,957) (143,064) (1,722,538) (1,769,939) (1,776,142) Net impairment losses on financial and contract assets: 31 December 31 December 31 December 2022 2021 2020 Net impairment losses on financial and contract assets (408,705) (522,502) (845,751) (408,705) (522,502) (845,751) |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Property, plant and equipment | 12. Property, plant and equipment Acquisition through Impairment Transfer to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2022 Additions Disposals Transfers combination (reversals) property exchange rates 2022 Network infrastructure (All operational) 114,220,373 3,675,139 (1,948,331) 4,255,134 — — — (5,576,761) 114,625,554 Land and buildings 6,511,811 336,763 (1,848) 2,118 — — (515,515) (262,453) 6,070,876 Equipment, fixtures and fittings 6,653,267 715,369 (309,541) 69,811 — — — (269,645) 6,859,261 Motor vehicles 110,845 — (1,305) 569 — — — (4,876) 105,233 Leasehold improvements 2,275,641 29,313 (22,887) 646 — — — (12,056) 2,270,657 Electricity production power plant 207,730 — — — — — — — 207,730 Construction in progress 2,076,725 4,719,203 (36,612) (4,328,278) — 7,053 — (119,549) 2,318,542 Total 132,056,392 9,475,787 (2,320,524) — — 7,053 (515,515) (6,245,340) 132,457,853 Accumulated depreciation Network infrastructure (All operational) 75,734,431 7,786,214 (1,406,732) — — 184,488 — (3,335,082) 78,963,319 Land and buildings 1,543,428 231,593 — — — 211 (443,753) (128,666) 1,202,813 Equipment, fixtures and fittings 6,329,636 1,049,719 (226,088) — — 7,978 — (426,069) 6,735,176 Motor vehicles 97,040 7,000 (1,307) — — — — (4,762) 97,971 Leasehold improvements 2,066,834 18,390 (22,103) — — 25 — (8,900) 2,054,246 Electricity production power plant 3,881 10,455 — — — — — 340 14,676 Total 85,775,250 9,103,371 (1,656,230) — — 192,702 (443,753) (3,903,139) 89,068,201 Net book value 46,281,142 372,416 (664,294) — — (185,649) (71,762) (2,342,201) 43,389,652 Depreciation expenses for the years ended 31 December 2022, 2021 and 2020 amounting to TL 9,289,020, TL 8,614,585 and TL 7,795,684 respectively include impairment losses and are recognized in cost of revenue. Impairment losses on property, plant and equipment for the years ended 31 December 2022, 2021 and 2020 are TL 185,649, TL 19,155 and TL 10,289, respectively and are recognized in depreciation expenses. 12. Property, plant and equipment (continued) Impaired network infrastructure mainly consists of damaged or technologically inadequate mobile and fixed network infrastructure investments. Network infrastructure mainly consists of mobile and fixed network infrastructure investments. Acquisition through Impairment Transfer to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2021 Additions Disposals Transfers combination (reversals) property exchange rates 2021 Network infrastructure (All operational) 101,348,763 3,374,245 (1,563,970) 6,934,280 — — — 4,127,055 114,220,373 Land and buildings 6,301,550 258,509 (192,151) 342,969 — — (73,731) (125,335) 6,511,811 Equipment, fixtures and fittings 6,363,251 348,012 (75,329) 69,642 56 — — (52,365) 6,653,267 Motor vehicles 110,320 4,391 (10,016) — 312 — — 5,838 110,845 Leasehold improvements 2,379,493 17,932 (133,088) 897 — — — 10,407 2,275,641 Electricity production power plant (Note 3) — — — — 207,730 — — - 207,730 Construction in progress 2,169,905 7,041,211 (13,491) (7,350,422) — — — 229,522 2,076,725 Total 118,673,282 11,044,300 (1,988,045) (2,634) 208,098 — (73,731) 4,195,122 132,056,392 Accumulated depreciation Network infrastructure (All operational) 65,984,505 7,472,739 (1,393,279) — — 19,155 — 3,651,311 75,734,431 Land and buildings 1,589,022 197,383 (59,132) — — — (60,998) (122,847) 1,543,428 Equipment, fixtures and fittings 5,600,830 891,642 (64,018) — — — — (98,818) 6,329,636 Motor vehicles 91,980 9,316 (10,016) — — — — 5,760 97,040 Leasehold improvements 2,166,098 20,469 (128,479) — — — — 8,746 2,066,834 Electricity production power plant (Note 3) — 3,881 — — — — — - 3,881 Total 75,432,435 8,595,430 (1,654,924) — — 19,155 (60,998) 3,444,152 85,775,250 Net book value 43,240,847 2,448,870 (333,121) (2,634) 208,098 (19,155) (12,733) 750,970 46,281,142 |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Intangible assets | 13. Turkcell The carrying amounts of 2G, 3G and 4.5G licenses are TL 105,766, TL 1,652,079 and TL 7,888,552, respectively (31 December 2021: TL 528,830, TL 1,927,424 and TL 12,066,197, respectively). Lifecell Lifecell has 9 operation licenses which are one 3G operation license, one long distance and international call and seven PSTN operation licenses in different regions. As of 31 December 2022, it has 23 licenses of radio frequency usage rights which are related to IMT (LTE-2600, LTE-1800, LTE-900), IMT-2000 (UMTS), GSM-900, GSM-1800, microwave radio relay, and broad band radio access. Also, it has 3 NCD codes for mobile network, 29 permits for short numbers, 10 permits for SS-7 code (6 regional and 4 international), 1 permit for MNC, 8 permits for PSTN licenses in local regions. In addition, it has two service code authorization for alternative call forward about international and long distance calls and also Acquisition Transfer through Impairment to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2022 Additions Disposals Transfers combinations (reversals) property exchange rates 2022 Telecommunication licenses 44,537,194 1,010 (35,159) 913 — — — (1,928,883) 42,575,075 Computer software 54,337,016 3,507,682 (170,146) 206,757 — — — 239,663 58,120,972 Transmission line software 599,836 675 — — — — — 25,034 625,545 Indefeasible right of usage 614,600 — — — — — — — 614,600 Brand name 8,494 371 (331) 75 — — — (1,756) 6,853 Customer base 39,513 — — — — — — (9,795) 29,718 Goodwill (*) 259,358 — — — — — — (4,611) 254,747 Subscriber acquisition cost 17,982,122 2,958,639 (67,744) — — — — (176,035) 20,696,982 Electricity production license 472,366 — — — — — — (41,549) 430,817 Others 568,085 121,704 (445) 4 — — — (10,802) 678,546 Construction in progress 77,332 178,484 (358) (207,749) — — — (1,640) 46,069 Total 119,495,916 6,768,565 (274,183) — — — — (1,910,374) 124,079,924 Accumulated amortization Telecommunication licenses 26,744,794 2,745,221 (1,919) — — 307 — (809,276) 28,679,127 Computer software 40,582,244 3,481,991 (165,602) — — 61,460 — 298,667 44,258,760 Transmission line software 608,013 19,352 — — — (10,077) — (1,138) 616,150 Indefeasible right of usage 316,954 35,391 — — — — — (450) 351,895 Brand name 16,716 71 (239) — — — — (6,527) 10,021 Customer base 29,921 — — — — — — (8,648) 21,273 Subscriber acquisition cost 9,613,733 3,040,853 (67,744) — — — — (225,559) 12,361,283 Electricity production license 5,556 — — — — — — 475 6,031 Others 358,699 94,706 (445) — — 331 — (1,240) 452,051 Total 78,276,630 9,417,585 (235,949) — — 52,021 — (753,696) 86,756,591 Net book value 41,219,286 (2,649,020) (38,234) — — (52,021) — (1,156,678) 37,323,333 (*) As of 31 December 2022, the consolidated financial statements include goodwill amounting to TL 230,729, TL 16,840 and TL 7,178 regarding Turkcell Superonline, Boyut Enerji (Note 3) and Yaani respectively. (31 December 2021: TL 259,358). No impairment test for goodwill has been performed due to immaterial to consolidated financial statements. 13. Intangible assets (continued) Acquisition Transfer through Impairment to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2021 Additions Disposals Transfers combinations (reversals) property exchange rates 2021 Telecommunication licenses 42,990,656 23,495 (1,363) 30 — — — 1,524,376 44,537,194 Computer software 49,011,971 4,104,823 (131,366) 224,077 — — — 1,127,511 54,337,016 Transmission line software 575,290 1,460 — — — — — 23,086 599,836 Indefeasible right of usage 629,874 — (15,274) — — — — — 614,600 Brand name 5,461 877 (79) 972 — — — 1,263 8,494 Customer base 48,546 — — — — — — (9,033) 39,513 Goodwill (*) 246,770 — — — 16,840 — — (4,252) 259,358 Subscriber acquisition cost 14,408,912 3,654,236 (93,085) — — — — 12,059 17,982,122 Electricity production license (Note 3) — — — — 366,167 — — 106,199 472,366 Others 585,130 127,884 — (751) — — — (144,178) 568,085 Construction in progress 58,724 241,080 (1,554) (221,694) — — — 776 77,332 Total 108,561,334 8,153,855 (242,721) 2,634 383,007 — — 2,637,807 119,495,916 Accumulated amortization Telecommunication licenses 23,535,770 2,721,001 (1,363) — — 43 — 489,343 26,744,794 Computer software 36,137,696 3,598,873 (126,364) — — 347 — 971,692 40,582,244 Transmission line software 596,578 14,792 — — — — — (3,357) 608,013 Indefeasible right of usage 278,139 39,231 — — — — — (416) 316,954 Brand name 22,066 53 (54) — — — — (5,349) 16,716 Customer base 37,897 — — — — — — (7,976) 29,921 Subscriber acquisition cost 7,059,672 2,626,391 (93,085) — — — — 20,755 9,613,733 Electricity production license (Note 3) — 5,556 — — — — — — 5,556 Others 239,000 114,922 — — — — — 4,777 358,699 Total 67,906,818 9,120,819 (220,866) — — 390 — 1,469,469 78,276,630 Net book value 40,654,516 (966,963) (21,855) 2,634 383,007 (390) — 1,168,337 41,219,286 Amortization expenses for the years ended 31 December 2022, 2021 and 2020 amounting to TL 9,469,606, TL 9,121,209 and TL 8,090,085, respectively include impairment losses and are recognized in cost of revenue. Impairment losses on intangible assets for the years ended 31 December 2022, 2021 and 2020 are TL 52,021, TL 390 and none, 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 637,977 for the year ended 31 December 2022 (31 December 2021: TL 620,081). Research and development expenses for the years ended 31 December 2022, 2021 and 2020 amounting to TL 50,263, TL 89,898 and TL 175,114, respectively are recognized in cost of revenue. |
Impairment of assets
Impairment of assets | 12 Months Ended |
Dec. 31, 2022 | |
Impairment of assets | |
Impairment of assets | 14. Impairment of 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 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. (31 December 2021: No indication of impairment was found in any CGU of the Group and no impairment test was performed). 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, 2022 | |
Text block [abstract] | |
Investment properties | 15. Investment properties 31 December 31 December 2022 2021 Cost Opening balance 399,412 325,682 Disposal (226,333) — Transfer from property, plant and equipment 515,515 73,730 Closing balance 688,594 399,412 Accumulated depreciation Opening balance 289,507 223,015 Transfer from property, plant and equipment 443,753 60,997 Depreciation and impairment charges during the year 20,894 5,495 Disposal (174,246) — Closing balance 579,908 289,507 Net book value 108,686 109,905 15. Investment properties (continued) 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 2022 is TL 14,690 (31 December 2021: TL 14,445 and 31 December 2020: TL 17,932). There is no direct operating expenses for investment properties during the year ended 31 December 2022 (31 December 2021: None and 31 December 2020: TL 706). The Group’s investment properties and their fair values at 31 December 2022 and 2021 are as follows: 31 December 2022 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone — — 98,860 Discounted cash flow Investment properties in Ankara — 58,500 — Market approach Investment properties in Adana — 13,000 — Market approach Investment properties in Istanbul — 6,500 — Market approach Investment properties in Aydın — 8,650 — Market approach Total — 86,650 98,860 31 December 2021 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone — — 86,611 Discounted cash flow Investment properties in Ankara — 53,084 — Market approach Investment properties in Adana — 11,014 — Market approach Investment properties in Istanbul — 6,185 — Market approach Investment properties in Aydın — 5,914 — Market approach Total — 76,197 86,611 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, 2022 | |
Text block [abstract] | |
Right-of-use assets | 16. Right-of-use assets Closing balances of right-of-use assets as of 31 December 2022 and 31 December 2021 and depreciation and amortization expenses for the years ended 31 December 2022 and 31 December 2021 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 2022 3,365,539 698,361 550,798 303,359 229,882 5,147,939 101,887 1,037,576 1,139,463 6,287,402 Depreciation and amortization charge for the year (1,509,534) (167,666) (656,457) (113,933) (198,856) (2,646,446) (52,795) (118,613) (171,408) (2,817,854) Balance at 31 December 2022 2,817,713 692,471 137,618 182,387 204,070 4,034,259 218,770 635,095 853,865 4,888,124 Tangible Intangible Network Tangible Right of Intangible Site Rent Building equipment Vehicles Other Total way License Total Total Balance at 1 January 2021 3,164,707 787,408 536,723 379,838 277,932 5,146,608 67,776 843,580 911,356 6,057,964 Depreciation and amortization charge for the year (1,533,051) (167,312) (674,374) (113,338) (203,611) (2,691,686) (44,576) (97,601) (142,177) (2,833,863) Balance at 31 December 2021 3,365,539 698,361 550,798 303,359 229,882 5,147,939 101,887 1,037,576 1,139,463 6,287,402 As at 31 December 2022, the Company has additions to right-of-use assets amounting to TL 2,315,038 (31 December 2021: TL 3,247,709) and interest expense on lease liabilities amounting to TL 552,931 (31 December 2021: TL 701,866). Depreciation and amortization expenses amounting to TL 2,817,854 (31 December 2021: TL 2,833,863) are recognized in cost of revenues. |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2022 | |
Other assets | |
Other assets | 17. Other assets 31 December 31 December Other non-current assets 2022 2021 Advances given for property, plant and equipment 2,528,736 1,469,943 Deposits and guarantees given 374,454 267,630 Prepaid expenses 267,827 367,778 VAT receivable 50,666 27,975 Others 36,222 589 3,257,905 2,133,915 Other current assets 31 December 2022 31 December 2021 VAT receivable 585,060 148,902 Prepaid expenses 457,493 324,043 Prepaid taxes 446,892 322,000 Blocked deposits 162,593 — Receivables from the Ministry of Transport and Infrastructure of Turkiye 137,734 503,989 Advances given to suppliers 112,590 178,623 Receivables from tax office 1,904 20,166 Others 32,125 52,195 1,936,391 1,549,918 |
Deferred tax assets and liabili
Deferred tax assets and liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Deferred tax assets and liabilities | |
Deferred tax assets and liabilities | 18. Deferred tax assets and liabilities Recognized deferred tax assets and liabilities Deferred tax assets and liabilities at 31 December 2022 and 2021 are attributable to the following: Assets Liabilities Net 2022 2021 2022 2021 2022 2021 Property, plant and equipment and intangible assets 656,127 742,489 (7,594,619) (8,499,580) (6,938,492) (7,757,091) Derivative instruments 30,228 10,157 (547,459) (859,238) (517,231) (849,081) Reserve for employee termination benefits and provisions 455,742 387,096 (7,746) (31,666) 447,996 355,430 Trade and other payables 43,771 74,097 (79,224) (2,305) (35,453) 71,792 Tax losses carried forward 2,313,498 1,898,763 — — 2,313,498 1,898,763 Tax allowances 96,978 101,671 (661) (2,967) 96,317 98,704 Other assets and liabilities (*) 996,285 938,530 (161,281) (222,411) 835,004 716,119 Deferred tax assets/(liabilities) 4,592,629 4,152,803 (8,390,990) (9,618,167) (3,798,361) (5,465,364) Offsetting (2,934,339) (1,846,236) 2,934,339 1,846,236 — — Net deferred tax assets/(liabilities) 1,658,290 2,306,567 (5,456,651) (7,771,931) (3,798,361) (5,465,364) (*) 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 2022 and 2021 were as follows: 2022 2021 Opening balance, net (5,465,364) (6,161,065) Income statement charge 2,147,409 608,011 Tax charge relating to components of other comprehensive income 180,316 (395,586) Acquisition through business combinations — (80,090) Inflation adjustment (706,675) (376,795) Exchange differences 45,953 940,161 Closing balance, net (3,798,361) (5,465,364) The Group did not recognize deferred income tax assets of TL 1,398,834 (31 December 2021: TL 1,714,727) in respect of tax losses amounting to TL 7,270,241 (31 December 2021: TL 9,065,459) that can be carried forward against future taxable income. The unused tax losses were incurred mainly by BeST. 18. Deferred tax assets and liabilities (continued) Unused tax losses will expire at the following dates: Expiration Date Amount 2023 483,247 2024 826,727 2025 2,903,840 2026 227,219 2027 1,849,040 2028 411,144 2030 182,827 2031 227,175 Indefinite 159,022 Total 7,270,241 |
Trade receivables
Trade receivables | 12 Months Ended |
Dec. 31, 2022 | |
Trade receivables. | |
Trade receivables | 19. Trade receivables 31 December 31 December 2022 2021 Receivables from subscribers 3,897,783 4,226,225 Undue assigned contracted receivables 2,247,674 1,878,484 Accounts and notes receivable 519,605 723,740 6,665,062 6,828,449 Trade receivables are shown net of provision for impairment amounting to TL 620,074 as at 31 December 2022 (31 December 2021: TL 1,024,206). 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 442,520 and TL 395,219 at 31 December 2022 and 2021, 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 198,628 (31 December 2021: TL 278,552) is presented under non-current trade receivable amounted to TL 298,759 (31 December 2021: TL 421,256). |
Receivables from financial serv
Receivables from financial services | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Receivables from financial services | 20. Receivables from financial services 31 December 31 December 2022 2021 Non-current receivables from financial services 285,138 225,968 Current receivables from financial services 3,276,788 3,309,416 3,561,926 3,535,384 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, 2022 | |
Text block [abstract] | |
Contract assets | 21. Contract assets 31 December 31 December 2022 2021 Non-current contract assets 67,054 110,890 Current contract assets 1,888,942 1,938,769 1,955,996 2,049,659 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, 2022 | |
Text block [abstract] | |
Inventories | 22. Inventories As of 31 December 2022, inventories amounting to TL 300,406 which consist of mainly mobile phone and its accessories, tablet, sim-cards, tower construction materials and other electronic products (31 December 2021: TL 458,723). |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents | |
Cash and cash equivalents | 23. Cash and cash equivalents 31 December 31 December 2022 2021 Cash in hand 359 302 Banks 25,989,168 30,621,214 - Demand deposits 2,184,052 5,002,305 - Time deposits 20,100,956 25,618,909 - Receivables from reverse repo 3,704,160 — Impairment loss provision (28,853) (20,281) 25,960,674 30,601,235 As of 31 December 2022, the average effective interest rates of TL, USD, EUR and RMB time deposits are 22.8%, 2.4%, 2.6% and 0.3% (31 December As of 31 December 2022, average maturity of time deposits is 22 days (31 December 2021: 29 days). As of 31 December 2022, the effective interest rates of USD and EUR receivables from reverse repo are 3.0% and 2.8% respectively. As of 31 December 2022, average maturity of receivables from reverse repo is 23 days. |
Financial assets
Financial assets | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets | |
Financial assets | 24. Financial assets The details of financial assets as of 31 December 2022 and 2021 are as follows: 31 December 2022 31 December 2021 Non- Non- current Current current Current Amortized cost — 748,665 — 6,840 - Time deposits with maturity of more than three months — 748,665 — 6,840 Fair value through profit or loss 258,627 4,034,897 — — - Currency protected time deposits (**) — 4,034,897 — — - Investment funds (***) 258,627 — — — Fair value through other comprehensive income 1,850,830 — 2,261,409 84,049 - Listed debt securities (*) 1,850,830 — 2,261,409 84,049 2,109,457 4,783,562 2,261,409 90,889 (*) (**) 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 123,300 and EUR 73,300 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 2022 2021 hierarchy Valuation technique Financial assets at fair value through other comprehensive income 1,850,830 2,345,458 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 19,982 — 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 4,034,897 — Level 2 Forward exchange rates at the reporting date Financial assets at fair value through profit or loss 238,645 — Level 3 Pricing models based on discounted cash flow 6,144,354 2,345,458 24. Financial assets (continued) As of 31 December 2022 and 2021, the notional and fair value amounts of listed debt securities are as follows: 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity EUR 24,000 472,022 16 February 2026 EUR 15,000 279,082 8 July 2027 EUR 5,000 99,975 11 April 2023 USD 3,700 73,314 31 March 2025 USD 21,000 391,211 14 July 2023 USD 18,000 308,358 25 March 2027 USD 5,000 97,785 13 November 2025 USD 3,000 55,835 25 January 2023 USD 1,000 18,540 10 August 2024 USD 50,000 54,708 Indefinite Total listed debt securities 1,850,830 31 December 2021 Notional amount Fair value Currency (original currency) (in TL) Maturity EUR 3,277 51,494 16 February 2026 EUR 24,951 356,258 8 July 2027 TL 39,937 42,025 2 March 2022 TL 39,602 42,025 2 March 2022 USD 34,497 469,839 14 July 2023 USD 1,636 22,142 10 August 2024 USD 32,565 412,244 14 October 2025 USD 3,561 45,330 26 January 2026 USD 41,067 525,456 22 June 2026 USD 30,341 378,645 25 March 2027 Total listed debt securities 2,345,458 As of 31 December 2022 and 2021, the notional and fair value amounts of currency protected time deposits are as follows: 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 949,475 1,236,256 10 May 2023 TL 704,109 950,130 27 February 2023 TL 701,033 820,390 15 August 2023 TL 436,793 511,377 16 August 2023 TL 230,364 299,793 11 May 2023 TL 185,454 216,951 2 October 2023 Total currency protected time deposits 4,034,897 24. Financial assets (continued) During the year, the following gains (losses) were recognized in other comprehensive income. 31 December 31 December 31 December 2022 2021 2020 Gains / (Losses) recognized in other comprehensive income Related to financial assets (74,041) (116,813) (6,363) Related to financial assets, tax effect 21,841 23,162 1,245 (52,200) (93,651) (5,118) |
Equity
Equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity. | |
Equity | 25. Equity Share capital As at 31 December 2022, share capital represents 2,200,000,000 (31 December 2021: 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 2022 31 December 2021 (%) 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 2,200,000 2,200,000 Inflation adjustment to share capital 17,423,702 17,423,702 Inflation adjusted capital 19,623,702 19,623,702 As at 31 December 2022, total number of shares pledged as security is 995,509 (2021: 995,509). 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 2022, there are not any shares buyback transactions executed. (2021: None). Treasury shares are recognized by deducting from equity. 25. Equity (continued) Dividends Turkcell: At the General Assembly held on 16 June 2022, it was decided to distribute gross TL 1,451,412 part of the distributable profit of the Company for the year ended 31 December 2021 to the shareholders on 26 July 2022 in cash, as 0.5717 gross for each share with a nominal value of 1 TL. The amount was paid to the shareholders on the relevant date (31 December 2021: TL 5,481,535). |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share | |
Earnings per share | 26. Earnings per share 2022 2021 2020 Numerator: Profit attributable to owners of the Company 4,175,708 4,330,466 4,502,823 Denominator: Weighted average number of shares (*) 2,183,106,193 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) 1.9 2.0 2.1 Numerator: Profit from continuing operations attributable to owners of the Company 4,175,708 4,330,466 4,502,823 Denominator: Weighted average number of shares (*) 2,183,106,193 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) 1.9 2.0 2.1 (*) Refer to Note 25 - Treasury shares |
Other non-current liabilities
Other non-current liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Other non-current liabilities | |
Other non-current liabilities | 27. Other non-current liabilities 31 December 31 December 2022 2021 Liabilities to BeST investment agreement (*) 663,338 — Consideration payable in relation to the acquisition of BeST (**) — 1,245,592 Consideration payable in relation to the acquisition of Boyut Enerji 3,275 5,380 Deferred revenue 4,972 9,846 Others — 4,146 671,585 1,264,964 (*) 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 1,869,830 as of 31 December 2022) 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- 2031. (**) Consideration payable (conditional consideration) in relation to acquisition of BeST in 2008 was recognized at fair value within the scope of IFRS 3. The assumptions used in the fair value calculation are explained in Note 35. On 30 November 2022, the relevant contract was canceled by mutual agreement and an investment agreement was signed instead of the relevant contract. |
Loans and borrowings
Loans and borrowings | 12 Months Ended |
Dec. 31, 2022 | |
Loans and Borrowings | |
Loans and borrowings | 28. Loans and borrowings 31 December 31 December Long-term borrowings 2022 2021 Unsecured bank loans 15,653,823 21,493,931 Secured bank loans 2,291,239 445,938 Lease liabilities 2,181,954 3,306,433 Debt securities issued 17,006,088 20,633,735 37,133,104 45,880,037 31 December 31 December Short-term borrowings 2022 2021 Unsecured bank loans 12,870,508 11,279,424 Secured bank loans 845,629 396,565 Lease liabilities 873,277 1,467,021 Debt securities issued 2,131,832 1,392,244 16,721,246 14,535,254 The Company has used loans in accordance with the loan agreement previously signed with ING Bank N.V. and AB Svensk Exportkredit under the Swedish Export Credit Organization (“EKN”) insurance on 18 December 2020. As of 31 December 2022, the Company has used USD 23,750 and USD 25,180 loan on 1 April 2022 and 3 June 2022, respectively, with a fixed interest rate of 1.53%. 28. Loans and borrowings (continued) The Company has used loans in accordance with the loan agreement previously signed with China Development Bank on 7 August 2020. As of 31 December 2022, the Company has used EUR 100,000 and EUR 52,876 loans on 26 April 2022 and 24 June 2022, respectively, with interest rate of 6M Euribor+2.29% for the EUR and RMB 40,000 and RMB 60,000 on 29 September 2022 and 29 November 2022 with interest rate of 5.15%. Within the scope of buy-back decisions on 27 July 2016, 30 January 2017 and 24 March 2020, the Company purchased its debt securities issued with a total nominal value of USD 37,239 as at 31 December 2022. Under CMB approval taken by The Company on 3 November 2022 for issuance of debt securities to TL 1,000,000, the Company has issued debt securities on 23 November 2022 amounting TL 500,000 with the maturity of 17 May 2023. The remained limit is TL 500,000 from TL 1,000,000 specified total limit. Terms and conditions of outstanding loans are as follows: 31 December 2022 31 December 2021 Interest Payment Nominal Carrying Payment Nominal Carrying Currency rate type period interest rate amount period interest rate amount Unsecured Bank Loans EUR Floating 2023 - 2028 Euribor+ 2.0% -Euribor+ 2.3% 13,673,783 2022 - 2028 Euribor+ 1.9% -Euribor+ 2.3% 15,093,891 Unsecured Bank Loans TL Fixed 2023 12.4% - 38.0% 7,782,214 2022 14.8% - 29.0% 5,001,760 Unsecured Bank Loans USD Floating 2023 - 2026 Libor+ 1.7% -Libor 2.2% 3,982,309 2022 - 2028 Libor+ 2.1% -Libor+ 2.2% 5,977,856 Unsecured Bank Loans RMB Fixed 2023 - 2028 3.7% - 5.5% 1,485,067 2022 - 2028 4.9% - 5.2% 1,528,356 Unsecured Bank Loans UAH Fixed 2023 - 2024 10.0% - 21.0% 1,429,174 2022 - 2024 8.0% - 10.9% 2,813,482 Unsecured Bank Loans EUR Fixed — — — 2022 1.7% 595,630 Unsecured Bank Loans USD Fixed 2023 - 2026 2.6% 171,784 2022 - 2030 3.8% 1,762,380 Secured bank loans USD Fixed 2023 - 2032 1.5% - 3.8% 2,119,044 2022 - 2026 2.6% 250,785 Secured bank loans USD Floating 2023 - 2028 Libor+ 0.6% - Libor+ 1.6% 652,831 2022 - 2026 Libor+ 1.6% - Libor+ 1.9% 591,718 Secured bank loans UAH Fixed 2023 16.4% - 19.5% 364,993 — — — Debt securities issued USD Fixed 2023 - 2028 5.8% 18,013,208 2022 - 2028 5.8% 21,858,526 Debt securities issued TL Fixed 2023 20.3% - 25.5% 1,124,712 2022 16.3% 167,453 Lease liabilities TL Fixed 2023 - 2048 9.8% - 45.0% 1,207,596 2022 - 2048 9.8% - 45.0% 2,073,820 Lease liabilities UAH Fixed 2023 - 2071 7.6% - 47.7% 1,148,563 2022 - 2069 7.6% - 25.7% 1,764,257 Lease liabilities EUR Fixed 2023 - 2034 1.0% - 10.3% 309,670 2022 - 2034 1.0% - 10.0% 498,172 Lease liabilities BYN Fixed 2023 - 2037 11.5% - 20.0% 309,259 2022 - 2028 11.5% - 15.8% 304,914 Lease liabilities USD Fixed 2023 - 2052 3.9% - 11.5% 80,143 2022 - 2028 3.9% - 10.9% 132,291 53,854,350 60,415,291 |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Employee benefits | 29. Employee benefits 31 December 31 December 2022 2021 Retirement pay liability provision 1,590,756 844,540 Unused vacation provision 199,275 165,082 1,790,031 1,009,622 29. Employee benefits (continued) Provision for employee termination benefits Movements in provision for employee termination benefits are as follows: 2022 2021 Balance at 1 January 844,540 673,878 Service cost 101,752 126,088 Remeasurements 1,107,508 328,711 Interest expense 112,649 75,110 Benefit payments (67,528) (102,752) Acquisition through business combinations — 126 Inflation adjustment (508,165) (256,621) Balance at 31 December 1,590,756 844,540 The sensitivity of provision for employee termination benefits to changes in the significant actuarial assumptions is: 31 December 2022 Interest Rate Inflation Rate Sensitivity Level 1% increase 1% decrease 1% increase 1% decrease Change in assumption (15.4) % 19.0 % 18.9 % (15.6) % Impact on provision for employee termination benefits (244,976) 302,244 300,653 (248,158) 31 December 2021 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 employee termination benefits (113,169) 137,660 139,348 (116,546) 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 64,309, TL 66,401 and TL 70,379 in relation to the defined contribution retirement plan for the years ended 31 December 2022, 2021 and 2020 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 2022 and 2021, the Group has not recognized any expenses regarding this plan. |
Deferred revenue
Deferred revenue | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Deferred revenue | 30. Deferred revenue Deferred revenue primarily consists of rent income and it is classified as current at 31 December 2022 and 2021. The amount of deferred revenue is TL 129,900 and TL 209,802 as at 31 December 2022 and 2021, respectively. |
Contract liabilities
Contract liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Contract liabilities | 31. Contract liabilities 31 December 31 December 2022 2021 Long-term contract liabilities 757,697 730,816 Short-term contract liabilities 850,667 915,192 1,608,364 1,646,008 Contract liabilities primarily consists of right of use sold but not used by prepaid subscribers. Revenue recognized in the current reporting period relating to carried forward contract liabilities is TL 915,192 (2021: TL 855,557). The following table shows unsatisfied performance obligation result as of 31 December 2022; 31 December 31 December 2022 2021 Telecommunications service 1,844,463 2,440,585 Equipment revenues 849,574 1,743,132 2,694,037 4,183,717 Management expects that 48% of the transaction price allocated to the unsatisfied contracts as of 31 December 2022 will be recognized as revenue during 2023. The remaining 52% will be recognized in next years. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Provisions | 32. Provisions Non - Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2022 32,298 979,269 1,011,567 Provisions recognized 53,516 11,977 65,493 Payments — (7,120) (7,120) Unwinding of discount — 80,896 80,896 Transfers to current provisions (20,829) — (20,829) Remeasurements — 243,634 243,634 Effect of changes in exchange rates — 49,481 49,481 Inflation adjustment (17,292) (437,101) (454,393) Balance at 31 December 2022 47,693 921,036 968,729 32. Provisions (continued) Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2021 37,765 883,066 920,831 Provisions recognized 26,053 43,154 69,207 Payments — (6,165) (6,165) Unwinding of discount — 75,805 75,805 Transfers to current provisions (20,491) — (20,491) Remeasurements — (753) (753) Effect of changes in exchange rates — 292,025 292,025 Inflation adjustment (11,029) (307,863) (318,892) Balance at 31 December 2021 32,298 979,269 1,011,567 Provision for legal claims are 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. It is expected that the obligations for dismantling, removing and site restoration will be realized in accordance with the useful life of GSM services materials. Additions to obligations for dismantling, removing and site restoration during the period are non-cash transactions and are recorded against property, plant and equipment. Obligations for dismantling, removing and site restoration are discounted using a discount rate of 14.4% at 31 December 2022 (31 December 2021: 17.3%) Current provisions: Legal claims(**) Bonus(*) Total Balance at 1 January 2022 110,094 832,258 942,352 Provisions recognized (105) 1,072,523 1,072,418 Payments (61,714) (823,744) (885,458) Transfers from non-current provisions 20,829 — 20,829 Effect of changes in exchange rates — 2,427 2,427 Inflation adjustment (37,234) (361,400) (398,634) Balance at 31 December 2022 31,870 722,064 753,934 32. Provisions (continued) Legal claims(**) Bonus(*) Total Balance at 1 January 2021 566,970 841,973 1,408,943 Provisions recognized 444,966 1,324,163 1,769,129 Payments (845,243) (1,139,330) (1,984,573) Transfers from non-current provisions 20,491 — 20,491 Remeasurements — 106 106 Effect of changes in exchange rates 4,824 76,243 81,067 Inflation adjustment (81,914) (270,897) (352,811) Balance at 31 December 2021 110,094 832,258 942,352 (*) Includes share-based payment (Note (**) Refer to Note 37. |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Trade and other payables | 33. Trade and other payables 31 December 31 December Short-term trade and other payables 2022 2021 Payables to suppliers 6,898,414 7,582,037 Taxes payable 1,608,123 1,642,320 Accrued treasury share, universal service fund contribution and contributions to the ICTA’s expenses 986,508 1,071,084 Accrued selling and marketing expenses 192,500 121,911 Others 642,877 622,677 10,328,422 11,040,029 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, 2022 | |
Text block [abstract] | |
Derivative financial instruments | 34. Derivative financial instruments The fair value of derivative financial instruments at 31 December 2022 and 2021 are attributable to the following: 31 December 2022 31 December 2021 Assets Liabilities Assets Liabilities Held for trading 794,399 131,074 1,941,240 — Derivatives used for hedge accounting 1,199,843 21,432 1,642,001 99,413 Total 1,994,242 152,506 3,583,241 99,413 At 31 December 2022, short-term derivative assets of TL 2,032,416 also include a net accrued interest income of TL 38,174 and the short-term derivative liabilities of TL 150,924 also includes a net accrued interest expense of TL 1,582. At 31 December 2021, the short-term derivative assets of TL 3,500,700 also include a net accrued interest expense of TL 82,541 and the short-term derivative liabilities of TL 117,165 also includes a net accrued interest income of TL 17,752. Derivatives used for hedging The notional amount and the fair value of derivatives used for hedging contracts at 31 December 2022 and 2021 are as follows: 31 December 2022 31 December 2021 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 2022 2021 Participating cross currency swap contracts EUR Contracts 233,600 203,017 300,200 287,056 October 2025 01:01 (7,288) 1,582,531 EUR Contracts 50,711 53,612 63,365 79,577 April 2026 01:01 (175) 129,104 USD Contracts 165,478 560,982 206,770 860,068 April 2026 01:01 10,061 876,842 Cross currency swap contracts RMB Contracts 108,148 256,943 135,134 387,047 April 2026 01:01 73,799 224,672 Interest rate swap contracts USD Contracts 120,105 103,857 150,075 (71,160) April 2026 01:01 — — Derivatives used for hedge accounting 1,178,411 1,542,588 EUR 269,624 (2021: EUR 340,220) participating cross currency swap contracts includes TL 1,194,300 (2021: TL 1,923,150) 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 2022 and 2021 are as follows: 31 December 2022 31 December 2021 Notional value in Notional value in Currency original currency Fair value Maturity original currency Fair value Maturity Cross currency swap contracts USD Contracts 18,858 243,287 March 2023 - November 2025 36,572 467,952 March 2023 - November 2025 RMB Contracts 25,883 57,482 April 2026 32,342 83,518 April 2026 EUR Contracts — — — 24,000 277,451 December 2022 Currency forward contracts USD Contracts 377,435 7,673 January 2023 - June 2023 175,000 278,401 January 2022 - March 2022 EUR Contracts 26,900 28,699 February 2023 - April 2023 — — — FX swap contracts USD Contracts 357,451 (3,980) January 2023 200,000 317,868 January 2022 RMB Contracts 148,422 1,864 January 2023 — — — Participating cross currency swap contracts USD Contracts 27,000 75,051 November 2025 36,000 96,738 November 2025 EUR Contracts 53,380 254,040 April 2026 66,700 399,960 April 2026 Interest rate swap contracts USD Contracts 53,380 (791) April 2026 — — — EUR Contracts — — — 35,000 19,352 September 2028 Derivatives held for trading — 663,325 — 1,941,240 — 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 3 Pricing models based on discounted cash present value of the estimated future cash flows based on unobservable 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 (*) Since the bid-ask spread is unobservable input; in the valuation of participating cross currency swap contracts, prices in the bid- ask price range that were considered the most appropriate were used instead of mid prices. If mid prices were used in the valuation the fair value of participating cross currency swap contracts would have been TL 15,892 lower as at 31 December 2022 (31 December 2021: TL 416,897). There were no transfers between fair value hierarchy levels during the year. As of 31 December 2022, the Company has no financial assets and liabilities 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 2022 and 2021 are stated below: 31 December 31 December 2022 2021 Opening balance 1,723,399 1,781,744 Cash flow effect (1,124,026) 92,328 Total gain/loss: Gains recognized in profit or loss 1,221,599 414,157 Inflation adjustments (674,270) (564,830) Closing balance 1,146,702 1,723,399 Net off / Offset The Company signed a Credit Support Annex (CSA) against the default risk of parties in respect of a EUR 233,600 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 32,028 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 330,138 as collateral (31 December 2022: TL 6,581,268) which was the amount exceeding the threshold (EUR 10,000) and the Company transferred EUR 270,228 as collateral to the bank (31 December 2022: TL 5,386,968) 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 1,194,300 (31 December 2021: 1,923,150) 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 2022, if this transaction was not conducted, derivative financial instruments assets, liabilities and borrowings would have been TL 3,072,349 (31 December 2021: TL 5,203,627), TL (3,444) (31 December 2021: TL (103,058) and TL 17,915,547 (31 December 2021: TL 16,458,403) respectively. 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. 34. Derivative financial instruments (continued) Fair value of derivative instruments and risk management (continued) 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 against 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 13,763 as of 31 December 2022. The after tax foreign exchange gain and loss recognised 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 12,474 as of 31 December 2022. The after tax foreign exchange gain and loss recognised under “cash flow hedges” in the statement of other comprehensive income of 2022. 34. Derivative financial instruments (continued) Fair value of derivative instruments and risk management (continued) Currency risk (continued) The Company designated EUR 290,008 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 recognised 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 (49,034) (2021: TL (1,846,738)) 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 increase decrease increase decrease 31 December 2022 Participating cross currency swap contracts (37,531) (25,064) 755,812 787,206 Cross currency swap contracts 64,781 236,336 236,439 206,121 Cash Flow sensitivity (net) 27,250 211,272 992,251 993,327 34. Derivative financial instruments (continued) Cash flow sensitivity analysis for variable-rate instruments (continued) Profit or Loss Equity, net of tax 100 bp 100 bp 100 bp 100 bp increase decrease increase decrease 31 December 2021 Participating cross currency swap contracts 1,971,140 3,664,033 (1,019,230) (2,374,118) Cross currency swap contracts 262,370 (55,620) (362,533) (306,545) Cash Flow sensitivity (net) 2,233,510 3,608,413 (1,381,763) (2,680,663) |
Financial instruments
Financial instruments | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Financial instruments | 35. Financial instruments 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 2022 2021 Trade receivables 19 6,963,821 7,249,705 Contract assets 21 1,955,996 2,049,659 Receivables from financial services 20 3,561,926 3,535,384 Cash and cash equivalents (*) 23 25,960,315 30,600,933 Derivative financial instruments 34 2,032,416 3,500,700 Other current & non-current assets (**) 17 421,264 320,403 Financial assets at amortized cost 24 748,665 6,840 Financial assets at fair value through profit or loss 24 4,293,524 — Financial assets at fair value through other comprehensive income 24 1,850,830 2,345,458 Due from related parties 76,453 287,756 47,865,210 49,896,838 (*) 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. Financial instruments (continued) Credit risk (continued) Credit quality: The 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 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 2022 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 40,799,890 376,616 177,832 85,754 72,369 93,472 824,749 347,162 231,478 43,009,322 Loss Allowance 131,944 5,630 5,479 4,762 5,874 7,690 194,366 192,022 114,267 662,034 (*) Other Assets includes trade receivables, subscriber receivables, derivative financial instruments, financial assets, other assets, cash and cash equivalent and due from related parties. 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 1,963,342 — — — — — — — — 1,963,342 Loss Allowance 7,346 — — — — — — — — 7,346 Less Less Other assets from financial Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than services at 31 December 2022 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,324,919 180,530 31,964 12,653 17,202 6,861 70,095 2,201 5,418 3,651,843 Loss Allowance 20,033 1,802 366 196 7,046 3,604 49,260 2,192 5,418 89,917 (**) Other Assets includes trade receivables and subscriber 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 2021 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 42,352,851 538,256 204,767 93,423 63,909 71,096 1,227,728 549,970 257,258 45,359,258 Loss Allowance 126,791 14,697 10,203 9,101 8,250 10,135 410,493 345,167 112,626 1,047,463 (*) Other Assets includes trade receivables, subscriber receivables, derivative financial instruments, financial assets, other assets, cash and cash equivalent and due from related parties. 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 2021 Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 2,059,911 — — — — — — — — 2,059,911 Loss Allowance 10,252 — — — — — — — — 10,252 35. Financial instruments (continued) Credit risk (continued) Credit quality: (continued) 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 2021 (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,085,059 382,073 33,468 16,199 19,008 9,559 124,746 9,795 6,759 3,686,666 Loss Allowance 20,195 3,553 486 256 9,053 5,161 96,050 9,769 6,759 151,282 (**) Other Assets includes trade receivables and subscriber receivables from financial services. Impairment losses Movements in the provision for impairment of trade receivables, contract assets, other assets and due from related parties are as follows: 31 December 2022 Contract Assets Other Assets Opening balance 10,252 1,047,463 Provision for impairment recognized during the year 1,289 610,599 Amounts collected — (232,462) Receivables written off during the year as uncollectible — (397,132) Effect of changes in exchange rates — 47,430 Inflation adjustment (4,195) (413,864) Closing balance 7,346 662,034 31 December 2021 Contract Assets Other Assets Opening balance 11,720 1,402,442 Provision for impairment recognized during the year 2,005 923,701 Amounts collected — (402,315) Receivables written off during the year as uncollectible — (603,608) Effect of changes in exchange rates — 102,855 Inflation adjustment (3,473) (375,612) Closing balance 10,252 1,047,463 35. Financial instruments (continued) Movements in the provision for impairment of trade receivables, subscriber receivables, other assets and cash and cash equivalents from financial services are as follows: 31 December 31 December 2022 2021 Opening balance 151,282 345,476 Provision for impairment recognized during the year 103,094 133,977 Amounts collected (68,647) (112,522) Receivables transferred with receivables transfer contract (*) (36,985) (146,945) Inflation adjustment (58,827) (68,704) Closing balance 89,917 151,282 (*) 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 2021. Transferred doubtful receivables comprise of balances that Turkcell Finansman started legal proceedings for. 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. Financial instruments (continued) Liquidity risk (continued) 31 December 2022 31 December 2021 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 3,136,868 (3,626,031) (616,130) (242,972) (475,576) (1,318,013) (973,340) 842,503 (870,511) (201,900) (200,342) (239,586) (228,683) — Unsecured bank loans 28,524,331 (31,220,977) (8,875,434) (4,898,822) (4,516,080) (11,238,409) (1,692,232) 32,773,355 (35,541,826) (8,492,162) (3,039,099) (5,631,753) (15,915,368) (2,463,444) Debt securities issued 19,137,920 (23,654,946) (1,714,260) (519,867) (1,039,733) (10,876,254) (9,504,832) 22,025,979 (28,712,826) (804,279) (632,233) (1,264,465) (14,111,647) (11,900,202) Lease liabilities 3,055,231 (5,186,425) (772,668) (583,181) (918,574) (1,458,421) (1,453,581) 4,773,454 (7,545,432) (1,138,393) (935,169) (1,191,070) (2,092,223) (2,188,577) Trade and other payables (*) 6,932,734 (7,233,483) (7,089,288) — — — (144,195) 7,582,037 (7,905,044) (7,899,561) (5,483) — — — Due to related parties 242,246 (334,850) (334,850) — — — — 107,031 (143,398) (143,398) — — — — Consideration payable in relation to acquisition of BeST and Boyut Enerji (Note 27) 666,613 (1,879,158) — — (9,328) (108,758) (1,761,072) 1,250,972 (2,200,500) — — (10,949) (120,426) (2,069,125) Derivative financial liabilities Participating Cross Currency Swap and FX swap contracts 150,924 349,200 67,542 63,038 95,405 123,561 (346) 117,165 261,527 33,455 32,439 34,368 161,265 — Buy — (11,117,506) (10,419,790) (940,582) 116,844 134,779 (8,757) — 4,326,736 470,483 472,047 885,997 2,498,209 — Sell — 11,466,706 10,487,332 1,003,620 (21,439) (11,218) 8,411 — (4,065,209) (437,028) (439,608) (851,629) (2,336,944) — TOTAL 61,846,867 (72,786,670) (19,335,088) (6,181,804) (6,863,886) (24,876,294) (15,529,598) 69,472,496 (82,658,010) (18,646,238) (4,779,887) (8,303,455) (32,307,082) (18,621,348) (*) Advances received, license fee accruals, taxes and withholding taxes payable are excluded from trade and other payables. 35. Financial instruments (continued) 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 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) Foreign exchange risk (continued) 31 December 2021 USD EUR RMB Foreign currency denominated assets Other non-current assets 188 11 — Financial asset at fair value through other comprehensive income 85,029 16,453 — Due from related parties - current — 13 — Trade receivables and contract assets 14,729 20,135 — Other current assets 10,297 5,931 14,079 Cash and cash equivalents 814,899 141,110 71,600 925,142 183,653 85,679 Foreign currency denominated liabilities Loans and borrowings - non-current (302,607) (504,992) (344,052) Debt securities issued - non-current (942,374) — — Lease obligations - non-current (3,460) (16,829) — Other non-current liabilities (56,888) — — Loans and borrowings - current (89,379) (205,687) (102,395) Debt securities issued - current (55,938) — — Lease obligations - current (2,589) (3,274) — Other current liabilities (953) (8,752) — Trade and other payables - current (96,236) (17,010) (363,670) Due to related parties — (305) — (1,550,424) (756,849) (810,117) Financial liabilities defined as hedging instruments 16,987 261,680 — Exposure related to derivative instruments Participating cross currency swap and FX swap contracts 244,583 32,022 167,476 Currency forward contracts 517,242 — — Net exposure 153,530 (279,494) (556,962) 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 2022 and 31 December 2021 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 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 86,904 (86,904) — — 2- Hedged portion of USD risk (-) — — (25,335) 25,335 3- USD net effect (1+2) 86,904 (86,904) (25,335) 25,335 4- EUR net asset/liability (266,948) 266,948 — — 5- Hedged portion of EUR risk (-) — — (25,720) 25,720 6- EUR net effect (4+5) (266,948) 266,948 (25,720) 25,720 7- Other foreign currency net asset/liability (RMB) (117,328) 117,328 — — 8- Hedged portion of other foreign currency risk (-) (RMB) — — 1,600 (1,600) 9- Other foreign currency net effect (7+8) (117,328) 117,328 1,600 (1,600) Total (3+6+9) (297,372) 297,372 (49,455) 49,455 35. Financial instruments (continued) Exposure to currency risk (continued) Sensitivity analysis (continued) 31 December 2021 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 191,136 (191,136) — — 2- Hedged portion of USD risk (-) — — (17,218) 20,995 3- USD net effect (1+2) 191,136 (191,136) (17,218) 20,995 4- EUR net asset/liability (421,664) 421,664 — — 5- Hedged portion of EUR risk (-) — — (24,020) 24,020 6- EUR net effect (4+5) (421,664) 421,664 (24,020) 24,020 7- Other foreign currency net asset/liability (RMB) (116,071) 116,071 — — 8- Hedged portion of other foreign currency risk (-) (RMB) — — 1,960 (1,960) 9- Other foreign currency net effect (7+8) (116,071) 116,071 1,960 (1,960) Total (3+6+9) (346,599) 346,599 (39,278) 43,055 Interest rate risk As at 31 December 2022 and 2021 the interest rate profile of the Group’s variable rate interest-bearing financial instruments are as follows: 31 December 2022 31 December 2021 Effective Effective Interest Carrying interest Carrying Note Rate Amount rate Amount Variable rate instruments USD floating rate loans 28 4.4 % (4,635,140) 3.2 % (6,569,574) EUR floating rate loans 28 3.2 % (13,673,783) 2.3 % (15,093,891) 35. Financial instruments (continued) Exposure to currency risk (continued) 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 2022 and 2021: Profit or (loss) Equity 100 bps 100 bps 100 bps 100 bps increase decrease increase decrease 31 December 2022 Variable rate instruments (financial liability) (315,213) 315,213 — — Cash flow sensitivity (net) (315,213) 315,213 — — 31 December 2021 Variable rate instruments (financial liability) (170,482) 170,482 — — Cash flow sensitivity (net) (170,482) 170,482 — — Fair value Fair value of the Group’s financial assets and financial liabilities that are measured at fair value on a recurring basis. 35. Financial instruments (continued) Fair values (continued) Valuation inputs and relationships to fair value The following table summarizes the quantitative information about the significant unobservable inputs used in level 3 fair value measurement of contingent consideration. Fair value at Inputs 31 31 31 31 December December Unobservable December December Relationship of unobservable inputs to 2022 2021 Inputs 2022 2021 fair value Contingent consideration — 1,245,592 Risk-adjusted discount rate — 6.8%- 8.0% An increase/decrease in the discount rate by 100 bps would change Expected settlement date — in instalments between 2026-2031 If expected settlement date 1-year Changes in the consideration payable in relation to acquisition of BeST for the years ended 31 December 2022 and 31 December 2021 are stated below: 31 December 31 December 2022 2021 Opening balance 1,245,592 1,063,778 Losses recognized in profit or loss (758,261) 463,869 Inflation adjustment (487,331) (282,055) Closing balance — 1,245,592 35. Financial instruments (continued) Exposure to currency risk (continued) 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 2022 and 31 December 2021; 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 2022: amount value Bank loans 22,900,345 21,453,658 Debt securities 18,013,208 16,573,025 Carrying Fair As at 31 December 2021: amount value Bank loans 27,426,863 27,305,679 Debt securities 21,858,526 21,739,016 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, 2022 | |
Text block [abstract] | |
Guarantees and purchase obligations | 36. Guarantees and purchase obligations At 31 December 2022, outstanding purchase commitments with respect to property, plant and equipment, inventory, advertising and sponsorship amount to TL 3,927,476 (31 December 2021: TL 2,154,164). 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 9,824,311 at 31 December 2022 (31 December 2021: TL 11,393,815). BeST has an investment commitment covers the years 2022-2032 with a total investment amount of not less than USD 100,000 equivalent to TL 1,869,830 in accordance with the aggreement which signed between the Republic of Belarus, BeST and the Company on 30 November 2022. The Company has resale commitment regarding to reverse repo receivables amounting TL 3,704,160 as of 31 December 2022 (31 December 2021: None). |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Commitments and Contingencies | 37. Commitments and Contingencies The following disclosures comprise of material lawsuits and investigations against the Company. Disputes on Special Communication Tax and Value Added Tax Disputes on SCT for the year 2011 The Large Taxpayers Office levied Special Communication Tax (SCT) and tax penalty on the Company as a result of the Tax Investigation for the year 2011. The Company filed lawsuits for the cancellation of the notification regarding the aforementioned SCT assessment. The court partially accepted and partially rejected the cases and the parties appealed the decisions regarding the parts against them. The Large Taxpayers Office has collected TL 80,355 calculated for the parts against the Company for the assessment of the SCT for the year 2011 by offsetting the receivables of the Company from Public Administrations. While the cases are pending before the court of appeal the Company filed application for the restructuring as per Law no. 6736. The tax Office has rejected the application. The Company has also filed a case for the cancellation of aforementioned rejection act of the Tax Office. In this case, with the decision that notified to the Company on 14 April 2020, the Council of State decided to cancel the rejection act regarding the application for the restructuring. The Large Taxpayers Office and Ministry of Treasury and Finance appealed the decision. The Company replied the appeal request in due time. As a result of the appeal process, The Council of State Plenary Session of the Tax Law Chambers, approved the first instance court decision in favour of the Company with its definitive judgment. Thus, the case was finalized in favour of the Company, the assessment of the SCT for the year 2011 was structured within the scope of Law No. 6736 and TL 47,534 overpaid amount was returned to the Company in 2021 by deduction from the debts of the Company to the State. The Court partially accepted the case; and decided to cancel the tacit rejection act for the TL 47,269 part, and to return this amount to the Company together with the interest to be calculated at the deferred interest rate determined in accordance with the Law No. 6183 as of the collection date. The parties appealed the decision before Regional Administrative Court regarding the parts against them. In the cases regarding the cancellation of the SCT assessment for the year 2011, Council of State accepted the appeal and decided to reverse the first instance court decisions in favor of the Company, on the ground that; in the case filed for the cancellation of the rejection act regarding the request to restructure the cases filed for the year 2011, the court decided in favor of the Company and since the mentioned case will affect these cases, finalization of the respective decision should be waited. The Large Taxpayers Office applied for the correction of the decisions. The Company replied to application for the correction of the decisions. The Council of State, rejected the correction of decision requests of the Large Taxpayers Office, in favor of the Company. In 2021, The Court decided there is no need to make ruling regarding the essence of the cases, due to the fact that the amount of the SCT assessment for the year 2011, which are the subject of the lawsuit, was structured within the scope of the Law No. 6736. Disputes regarding the Law on the Protection of Competition The investigation initiated by the Competition Board with respect to the practices of the Company regarding the distributors and their dealers in the distribution network. As a result of the investigation the Competition Board rejected the claims that Turkcell determined the resale price. But with the same decision, The Competition Board decided to apply administrative fine on the Company amounting to TL 91,942, on the ground that the Company forced its sub dealers to actual exclusivity. The Company filed a lawsuit on 8 December 2011 for the stay of execution and cancellation of the aforementioned Board decisions regarding the parts against itself. The Court rejected the case. 37. Commitments and Contingencies (continued) Disputes regarding the Law on the Protection of Competition (continued) The Company appealed the decision, but the Council of State Plenary Session of the Chambers for Administrative Cases decided to approve the first instance court’s decision. 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 has not made any payments and filed a lawsuit for the stay of execution and cancellation of the payment order. The Court accepted the case. The Large Taxpayers Office appealed the decision. As a result of the appeal process, due to the reverse decision of the Council of State about the first instance court decision, the case file was sent to the first instance court. The Court rejected the case. The Company appealed the decision. The appeal process is pending. TL 47,780 part of the administrative fine amounting to TL 91,942 has been deducted from the receivables that the Company has earned in the case of cancellation of the 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 upon the request of the administration. Three private companies filed a lawsuits against the Company in relation with this case claiming in total of TL 112,084 together with up to 3 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 court decided to reject the case in favor of the Company, at the hearing on 12 June 2019. The plaintiff appealed the case before Regional Court of Justice. 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. The expert report has been submitted to its file, and the Company has submitted its statements and objections regarding the report in due time. In accordance with our objections, The Court decided to obtain an expert report from a new expert committee, mentioning that there was a clear contradiction between the expert reports in the case. The expert report within this scope has been submitted to its file, and the Company has submitted its statements and objections regarding the report in due time. During the hearing of the case dated 22 June 2022, the court partially accepted the case and ruled reimbursement of TL 215,555 (three times of the actual damage of TL 71,851 loss pursuant to the Act on Protection of Competition, including TL 40,600 previous year loss, TL 14,335 fixed asset loss, TL 14,163 leasing, exchange difference and financing loss, and TL 2,751 profit loss) together with the discount interest TL applicable from the date of the case to Demiroren Dagitim Satis Pazarlama Matbaacilik ve Tahsilat Sistemleri A.S, June 2012, and partially rejected the case for the remaining part. The reasoned decision notified to the Company. Demiroren made the decision the subject of enforcement proceedings. Turkcell appealed the decision before Regional Court of Justice and has suspended the execution proceedings until the appeal proceedings are concluded by submitting a letter of guarantee to the file. Also Demiroren appealed the decision before Regional Court of Justice and the Company replied this appeal in due time. An application for complaint has been filed by company with the request for cancellation of the enforcement order and the enforcement proceedings initiated by Demiroren. The court decided to accept company's complaint and cancelled the interest charge of TL 34,142 requested in the enforcement order. As a result of the appeal examination made by the Regional Court of Appeal, Turkcell's appeal request was accepted and the decision of the first instance court was revoked. 37. Commitments and Contingencies (continued) Disputes regarding the Law on the Protection of Competition (continued) The file was returned to the first instance court for a re-decision within the scope of the removal decision, and the appeal request of Demiroren were not examined at this stage. 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 Company has submitted its statements and objections regarding the report in due time. In accordance with our objections, The Court decided to obtain an expert report from a new expert committee. The other case is 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 determined the resale price. 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 administrative fine amounting to TL 91,942 on the Company. The Company has taken all legal actions by requesting the cancellation of the aforementioned decision and its withdrawal by the Competition Authority. 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 that amount of TL 61,294 was paid with twenty five percent discount on 9 April 2020, in the amount of TL 45,971 . Then, a lawsuit was filed on 10 April 2020 for cancellation of the aforementioned administrative fine. The hearing was held on 19 January 2021 in this case. The Court rejected the case. The Company appealed the case before Regional Administrative Court. The Regional Administrative Court rejected the appeal request. The Company appealed the decision in due time. The appeal process is pending. I CTA - Investigation Regarding the R&D Obligations (Period of 2013-2016) ICTA initiated an investigation on the obligation of investing to products in electronic communication network and communication services, partly from suppliers which have a R&D center in Turkiye; partly from the products manufactured in Turkiye by SME suppliers which are established to develop products or systems in Turkiye; and partly from products that are certified to be domestic goods within the framework of the relevant legislation. As a result of the investigation ICTA has decided to imposed an administrative fine of TL 18,031 to Turkcell. The administrative fine notified to the Company on 29 January 2021 and was paid on 26 February 2021 as TL 13,523 with taking on the account the early payment discount (1/4). The Company filed totally ten different lawsuits for the cancellation of the administrative fines. The Court rejected the 8 of these cases. The Company appealed the decisions before Regional Administrative Court in due time. Other cases are pending. ICTA - Investigation Regarding the R&D Obligations (Period of 2016-2017) For the period of 27 October 2016-27 October 2017; the ICTA carried out an investigation in order to examine whether Our Company fulfills its obligations arising from relevant legislation about R&D Center and SME, and using of Domestic Goods Certified products. As a result of the investigation ICTA has decided to imposed an administrative fine of TL 31,139 to the Company. The administrative fine notified to Turkcell on 29 January 2021 and was paid on 26 February 2021 as TL 23,354 with taking on the account the early payment discount (1/4). The Company filed totally seven different lawsuits for the cancellation of the administrative fines. The Court rejected the four of these cases. The Company appealed the decisions before Regional Administrative Court in due time. Other cases are pending. 37. Commitments and Contingencies (continued) 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 our 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 Turkcell. 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. ICTA – Inspection on Service Quality (2020 H2) 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 case is pending. ICTA – Investigation of 3G and 4.5G Coverage Obligations As a result of the investigation initiated to audit our 3N coverage area obligations determined in accordance with Article 6 of the Concession Agreement titled "Coverage liability" and the relevant legislation, ii) audit our 4.5N coverage obligations for highways, high-speed train lines and tunnels over 1 (one) kilometer long, which we are obliged to cover within the framework of the 4.5N Authorization Certificate and the relevant legislation; ICTA has decided to impose an administrative fine of TL 1,459. The fine, which was notified to the Company on 2 September 2022, was paid as TL 1,094 (1/4 discounted) on 27 October 2022. An application has been made to the ICTA for the revocation of the decision. The application was tacitly rejected by the ICTA by not responding within 30 days. ICTA – Directory Assistance Service Investigation As a result of the investigation initiated in order to inspect the compliance of our Company’s directory assistance services with the relevant legislation, ICTA has decided to impose an administrative fine of TL 1,250 on the Company. The fine, which was notified to the Company on 28 July 2022, was paid as TL 938 (1/4 discounted) on 23 September 2022 by taking advantage of the early payment discount. An application was made to the ICTA for the revocation of the decision and tacitly rejected by ICTA. The Company filed a lawsuit for the cancellation of the related transaction and administrative fine. 37. Commitments and Contingencies (continued) ICTA – 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 01.03.2018 and numbered 2018/DK-THD/58(Board Decision on Refunds to Subscribers), dated 12.04.2018 and numbered 2018/DK-THD/116(Refund/Use of Remaining Amount on Prepaid Lines) and dated 16.04.2018 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 27.04.2017-31.05.2018, which were not fully paid to the Ministry. The ICTA has also decided to transfer the refund amounts related to the period between 01.04.2010-27.04.2017 -along with the late fee from 28 July 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 l 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 (IYUK 11) will be made to the ICTA with request for re-evaluation and revocation of the decision. ICTA – 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 894 administrative fine on Our Company. The fine, which was notified to the Company on 26 January 2023, is planned to be paid as TL 625 (1/4 discounted) on 24 February 2023 by taking advantage of the early payment discount. Additionally, an application (IYUK 11) will be made to the ICTA with request for re-evalutaion and revocation of the desicion. ICTA – 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 Our Company, (ii) the ICTA has decided to give a warning to Our 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, is planned to be 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) will be made to the ICTA with request for re-evaluation and revocation of the decision. 37. Commitments and Contingencies (continued) 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 our right to take legal actions and legal actions were taken for 2018 fiscal year. The lawsuits are pending. On the other hand, additional TL 13,465 for 2018/December 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 the Company Odeme 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 the Company Odeme in the amount of TL 18,763. The Company Odeme 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. The appeal process is pending. While this case was ongoing, the Tax Office sent a payment order for collection of the aforementioned administrative fine. the Company Odeme 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 appeal process is pending. 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 4,629 provision is recognized in the consolidated financial statements as at and for the period ended 31 December 2022 (31 December 2021: TL 53,603). |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Related parties | 38. Related parties 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 2022 and 2021. 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 2022 2021 2020 Short-term benefits 184,952 180,688 207,952 Long-term benefits 1,848 2,177 2,591 Termination benefits 958 375 15,514 Share based payments — 837 13,733 187,758 184,077 239,790 38. Related parties (continued) The following transactions occurred with related parties: 31 December 31 December 31 December Revenue from related parties 2022 2021 2020 Turk Telekom Mobil Iletisim Hizmetleri A.S. (“TT Mobil”) (*) 673,733 — — Turk Hava Yollari A.S. ("THY") (*) 174,092 146,766 32,642 Enerji Piyasalari Isletme A.S. (“EPIAS”) (*) 170,754 407,346 53,904 Ziraat Bankasi A.S. (“Ziraat Bankasi”) (*) 71,969 96,898 23,356 Gunes Express Havacilik A.S. (“Sun Express”) (*) 65,385 33,196 6,511 TOGG 58,129 10,769 — Turk Telekomunikasyon A.S. (“TT”) (*) 56,472 — — Turksat Uydu Haberlesme Kablo TV ve Isletme A.S.(“Turksat”) (*) 52,746 79,102 23,635 TVF IFM Gayrimenkul Insaat ve Yonetim A.S. (*) 43,818 2,624 — Turkiye Vakiflar Bankasi TAO (“Vakifbank”)(*) 30,642 29,625 14,157 Turkiye Halk Bankasi A.S. (“Halkbank”) (*) 16,828 16,485 5,214 Turkiye Hayat ve Emeklilik A.S. (*) 15,020 21,568 4,057 Ziraat Katilim Bankasi A.S. (“Ziraat Katilim”) (*) 8,970 6,480 1,120 BIST (*) 5,357 23,742 7,853 Sofra 1,765 2,041 2,877 Other 23,126 32,952 14,755 1,468,806 909,594 190,081 31 December 31 December 31 December Related party expenses 2022 2021 2020 EPIAS (*) 1,777,886 1,660,989 183,235 Turk Telekomunikasyon A.S (*) 745,220 — — TT Mobil (*) 630,606 — — Istanbul Takas ve Saklama Bankasi A.S. ("Takasbank") (*) 88,387 90 — Turksat (*) 85,155 115,639 31,844 Sofra 47,732 58,444 61,037 Boru Hatlari ile Petrol Tasima A.S. (“BOTAS”) (*) 38,381 8,298 PTT (*) 25,017 28,476 3,820 Others 58,557 36,447 6,614 3,499,022 1,938,466 294,848 (*) Related parties which TVF and the entities over which TVF has control directly 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 has 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) Details of the financial assets and liabilities with related parties as of 31 December 2022 and 2021 are as follows: 31 December 31 December 2022 2021 Banks - Time deposits (*) 14,178,529 12,682,382 Banks - Demand deposits (*) 234,117 253,463 Currency protected time deposit (**) 1,359,651 — Receivables from reverse repo (*) 3,704,160 — Bank borrowings (2,791,256) (1,252,741) Debt securities issued (357,497) (167,453) Lease liabilities (125,381) (159,893) Impairment loss provision (20,974) (8,215) 16,181,349 11,347,543 (*) Related balances are included in cash and cash equivalents. (**) The Group has converted its currency deposit account in Vakifbank amounting to USD 15,000 and EUR 50,000 into currency protected TL time deposit accounts (Note 24). As of 31 December 2022, the amount of letters of guarantee given to the related parties is TL 133,277 (31 December 2021: TL 159,563). Details of the time deposits at related parties as of 31 December 2022 and 2021 are as follows: 31 December 31 December 2022 2021 Ziraat Bankasi 2,003,561 4,405,389 Vakifbank 5,748,392 3,623,180 Halkbank 5,140,582 3,996,354 Ziraat Katilim Bankasi A.S. 1,285,994 657,354 Other — 105 14,178,529 12,682,382 Details of the time deposits at related parties Amount in Original 31 December Currency Currency Effective Interest Rate Maturity 2022 187,624 USD 3.0% January 2023 3,510,080 395,430 EUR 2.7% January 2023 7,888,259 2,774,821 TL 23.9% January 2023 2,778,946 55 GBP 0.1% January 2023 1,244 14,178,529 38. Related parties (continued) Receivables from reverse repo Amount in 31 December Original Currency Currency Effective Interest Rate Maturity 2022 120,025 EUR 2.8% January 2023 2,394,311 70,000 USD 3.0% January 2023 1,309,849 3,704,160 Details of the bank borrowings at related parties 31 December Principle Amount Currency Effective Interest Rate Maturity 2022 1,802,550 TL 13.5% - 19.0% January 2023 - October 2023 1,934,918 536,714 TL 13.4% - 24.0% February 2023 - December 2023 537,478 89,997 RMB 3.7% February 2023 241,247 35,000 TL 14.8% August 2023 36,818 39,900 TL 16.4% May 2023 40,795 2,791,256 Details of the debt securities issued at related parties Principle 31 December Amount Currency Effective Interest Rate Maturity 2022 200,000 TL 20.8% March 2023 202,005 150,000 TL 20.3% February 2023 155,492 357,497 Details of the lease liabilities at related parties 31 December Currency Effective Interest Rate Payment Period 2022 EUR 0.2% - 5.1% 2022 - 2024 74,012 TL 11.7% - 44.5% 2022 - 2036 51,369 125,381 38. Related parties (continued) Interest income from related parties: 31 December 31 December 31 December 2022 2021 2020 Vakifbank 501,390 200,171 62,469 Ziraat Bankasi 212,458 184,958 76,842 Halkbank 188,154 316,717 74,398 Ziraat Katilim 36,247 675 — Other 50 4,193 3,658 938,299 706,714 217,367 Interest expense to related parties: 31 December 31 December 31 December 2022 2021 2020 Vakifbank 311,772 33,587 104 Ziraat Bankasi 67,422 9,977 3,942 Halk Varlık Kiralama A.S. ("Halk Varlık Kiralama") 60,387 7,530 — Halkbank 2,328 — 4,469 Ziraat Katilim 537 62 — Other 582 217 1,192 443,028 51,373 9,707 Revenue from related parties are 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, 2022 | |
Subsidiaries | |
Subsidiaries | 39. Subsidiaries The Group’s ultimate parent company is TVF, while subsidiaries, associates and a joint venture of the Company as at 31 December 2022 and 31 December 2021 are as follows: Effective Ownership Interest Subsidiaries Country of 31 December 31 December Name Incorporation Business 2022 (%) 2021 (%) 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 (1) Turkiye Dijital educations 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 (2) Turkiye Dijital agency activities 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 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 (3) 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 100 100 BeST (4) Republic of Belarus Telecommunications 100 80 Turkcell GSYF (5) Turkiye Venture capital investment fund 100 — W3 Turkiye Information technology 100 — Lifetech Republic of Belarus Information technology, programming and technical support 100 80 Effective Ownership Interest Associates Country of 31 December 31 December Name Incorporation Business 2022 (%) 2021 (%) TOGG Turkiye Electric passenger car development, production and trading activities 23 23 39. Subsidiaries (continued) Effective Ownership Interest Joint Venture Country of 31 December 31 December Name Incorporation Business 2022 (%) 2021 (%) Sofra Turkiye Meal coupons and cards 33 33 (1) Dijital Egitim has been incorparated respectivelty with the shareholding percentage 51% and 49% by Turkcell Dijital which is fully owned by the Group and Sahinkaya Ozel Egitim Kurumları A.S. to offer education and communication solutions compatible with new generation technologies. Initial capital is TL 100 and registration and announcement of the respective company was completed on 11 March 2022. (2) Turkcell Dijital Sigorta, in which fully owned by Turkcell Finansman was established to offer insurance activitites based on digital and innovative technologies and registration and announcement of the respective Company was completed on 21 June 2022. (3) The title of Turkcell Europe GmbH which is fully owned by the Group has been changed to Paycell Europe GmbH. (4) Share Transfer transactions regarding the purchase of 20% of BeST’s shares owned by the Republic of Belarus were completed on 9 December 2022. (5) In accordance with business model of the Group, Turkcell GSYF has been established by on 28 March 2022 by RE-PIE Portföy Yönetimi A.S.(“RE-PIE) to invest in initiatives that create synergies with the Group’s strategic focus areas and also Turkcell contributes. Turkcell GSYF has been included to the consolidated financial statements as of 30 September 2022 in accordance with the “IFRS 10 Consolidated Financial Statements”. |
Investments accounted for using
Investments accounted for using the equity method | 12 Months Ended |
Dec. 31, 2022 | |
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: a) Joint Ventures 31 December 31 December 2022 2021 Sofra 18,218 30,152 b) Associates 31 December 31 December 2022 2021 TOGG 2,288,646 1,344,216 The movement of investments accounted for using the equity method is as follows: 31 December 31 December 2022 2021 Opening balance 1,374,368 278,365 Shares of profit 316,934 116,101 Contribution to capital increase 615,562 979,902 Closing balance 2,306,864 1,374,368 |
Cash flow information
Cash flow information | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Cash flow information | 41. Cash flow information Net financial liabilities reconciliation: Debt securities Lease Derivative issued Loans liabilities Total Assets, net Total Balance at 1 January 2022 (22,025,979) (33,615,858) (4,773,454) (60,415,291) 3,383,535 (57,031,756) Cash inflows (2,714,215) (32,250,009) — (34,964,224) 3,618,023 (31,346,201) Cash outflows 3,331,412 28,603,546 2,616,074 34,551,032 (3,195,149) 31,355,883 Other non-cash movements (7,298,371) (9,410,822) (2,790,250) (19,499,443) (1,539,482) (21,038,925) Inflation adjustment 9,569,233 15,011,944 1,892,399 26,473,576 (385,435) 26,088,141 Balance at 31 December 2022 (19,137,920) (31,661,199) (3,055,231) (53,854,350) 1,881,492 (51,972,858) Debt securities Lease Derivative issued Loans liabilities Total Assets, net Total Balance at 1 January 2021 (16,458,220) (27,104,130) (4,691,840) (48,254,190) (1,784,575) (50,038,765) Cash inflows (386,103) (26,188,047) — (26,574,150) 3,627,908 (22,946,242) Cash outflows 1,297,867 26,090,463 3,313,449 30,701,779 (3,452,123) 27,249,656 Acquisition through business combination — (249,512) — (249,512) — (249,512) Other non-cash movements (13,059,824) (16,352,579) (4,934,922) (34,347,325) 4,930,645 (29,416,680) Inflation adjustment 6,580,301 10,187,947 1,539,859 18,308,107 61,680 18,369,787 Balance at 31 December 2021 (22,025,979) (33,615,858) (4,773,454) (60,415,291) 3,383,535 (57,031,756) |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent events | |
Subsequent events | 42. Subsequent events The 7.7 and 7.6 magnitude earthquakes centered in Kahramanmaras, which occurred in our country on 6 February 2023, effected eleven provinces and caused significant loss of life and property. The process of evaluating the effects of earthquakes on the Group's activities and consolidated financial statements is in progress. In accordance with the option provided by the Capital Markets Board's decision dated 9 February 2023, due to the earthquake disaster on 6 February 2023, epicenter of which was Kahramanmaras, that caused a devastation and loss of lives, Board of Directors of Turkcell has resolved to make in-kind and/or cash donation and provide all the appropriate benefits and aid up to TL 3.5 billion to the earthquake victims directly and/or through the Ministry of Interior Disaster and Emergency Management Presidency, the Turkish Red Crescent and/or other institutions and organizations announced by mentioned agencies. The donation and contributions will be presented to shareholders for approval at the first General Assembly meeting to be held where shareholders will be comprehensively informed about the details. Turkcell Dijital Teknolojileri Ltd., in which the Company's subsidiaries Lifecell Digital has 99.9998% and Kibris Telekom has 0.0002% shareholding, respectively, has been incorporated. Registration and announcement of the respective company have been completed on 26 January 2023. The company, which will operate in electronic payment services in the Turkish Republic of Northern Cyprus, has a paid-in capital of TL 500. Within the scope of our Board of Directors' share buy-back decisions on 27 July 2016 and the following dates, the Company purchased a total of 1,000,000 shares at a price range of TL 33.46 – 34.00 with an average of TL 33.88 totalling TL 33,884 on 17 February 2023. 42. Subsequent events (continued) On 1 February 2023, Turkcell Odeme has issued a new lease certificate amounting up to TL 150,000 with the maturity of 3 May 2023 within the scope of TL 1,000,000 issuance ceiling approved by the CMB to be sold to institutional investors in domestic market without public offering. On 6 March 2023, Turkcell Finansman has issued a new coupon bond amounting up to TL 250,000 with the maturity of 5 September 2023 within the scope of TL 1,000,000 issuance ceiling approved by the CMB to be sold to institutional investors in domestic market without public offering. With the Law No. 7440 on the “Restructuring of Certain Receivables and Amending Some Laws” published in the Official Gazette dated 12 March 2023, an additional tax of 5% to 10% was imposed on corporate taxpayers over the exemptions and deductions taken into consideration in corporate tax calculations for the fiscal year of 2022. The first instalment of the additional tax will be paid within the payment period of the corporate tax, and the second instalment will be paid in the fourth month following this period, and the related payments will not be considered as an expense in the determination of corporate income. As per the decision of the Company's Board of Directors dated 13 April 2023; it has been decided on the acquisition of the 33.3% share of Sofra Kurumsal ve Ödullendirme Hizmetleri A.S. ("Sofra") by the Company's 100% owned subsidiary Turkcell Odeme ve Elektronik Para Hizmetleri A.S. ("TOHAS"), which has 33.3% shareholding in it, from Belbim Elektronik Para ve Odeme Hizmetleri A.S., one of the other shareholders of Sofra, for TL 763, by exercising its pre-emption right pursuant to the existing Shareholders Agreement. Upon the Company's application to the ICTA within the legal period for the extension of the term of the GSM (2G) License Agreement which we have signed with ICTA and is valid until 27 April 2023, the ICTA has informed the Company in writing that a decision has been made to extend of the term of the GSM License Agreement and the usage rights of frequencies allocated to Turkcell in the 900 MHz band until 30 April 2029 in accordance with the “Procedures and Principles for Determining the Term Extension Conditions of the GSM License Agreements and GSM 1800 License Agreement”. In accordance with the relevant procedures and principles, the extension fee has been determined as EUR 120 million (+ EUR 21.6 million VAT). The initial payment which includes the down payment for the extension fee and total amount of value-added tax, amounting to EUR 81.6 million, equivalent of which is TL 1.7 billion, has been paid on 7 April 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). Following the payment, it is predicted that the legal approval processes will be completed and amendment contracts for the extension of the GSM License Agreement will be signed. Further developments regarding this matter will be disclosed to the public in the upcoming period. |
Basis of preparation and summ_2
Basis of preparation and summary of significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Compliance with IFRS | (a) Compliance with IFRS 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 (“IFRS IC”) 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 2022 were authorized for issue by the Board of Directors on 27 April 2023. |
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 located in Turkiye and Turkish Republic of Northern Cyprus for the year ended 31 December 2022 were restated for the changes in the general purchasing power of the functional currency based on International Accounting Standard No. 29 (“IAS 29”) “ Financial Reporting in Hyperinflationary Economies 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 156.2% as at 31 December 2022, 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. The table below shows the evolution of CPI in the last three years and as of 31 December 2022: 2022 2021 2020 2019 Annual Index 1,128.45 686.95 504.81 440.50 Average Index 967.71 561.61 469.59 418.24 Yearly Inflation 64.3 % 36.1 % 14.6 % Cumulative Inflation (Since 2019) 156.2 % 55.9 % 14.6 % 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. 2. Basis of preparation and summary of significant accounting policies (continued) (b) Restatement of financial statements during the hyperinflationary periods (continued) 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 2022. Consequently, the main items restated were Property, Plant and Equipment, Intangible assets, Right-of-Use Assets, Inventories, Investments in Associates 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 2022. Comparative figures must also be presented in the current currency of 31 December 2022 and are restated using the general price index of the current year. Therefore, comparative figures for the previous reporting periods have been restated 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. All items in the statement of cash flows are expressed in a measuring unit current at the balance sheet date; they are therefore restated by applying the average conversion factors. The subsidiaries that use functional currencies other than Turkish Lira (foreign companies with economies that are not considered to be hyperinflationary), are not restated for inflation their financial statements, in accordance with IAS 29. 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. 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. |
Functional and presentation currency | (c) Functional and presentation currency (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. 2. Basis of preparation and summary of significant accounting policies (continued) (c) Functional and presentation currency (continued) (i) Transactions and balances (continued) 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 and other financial instruments designated as hedges of any net investment in foreign entities are recognized in other comprehensive income. When a foreign operation is sold or any borrowings forming part of the net investment are repaid 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. |
Use of estimates and judgments | (d) Use of estimates and judgments 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 The Group maintains an allowance for doubtful receivables for estimated losses resulting from the inability of the Group’s subscribers and customers to make required payments. The Group bases the allowance on the likelihood of recoverability of trade receivables, receivables from financial services and other receivables; when there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of asset and that events have an impact on the estimated future cash flows of the financial asset or group of financial assets that could be reliably estimated. The allowance is periodically reviewed. The allowance charged to expenses is determined in respect of receivable balances, calculated as a specified percentage of the outstanding balance in each aging group, with the percentage of the allowance increasing as the aging of the receivable progresses. 2. Basis of preparation and summary of significant accounting policies (continued) (d) Use of estimates and judgments (continued) Capitalization and useful lives of assets 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. Gross versus net presentation of revenue When the Group acts as principal in sale of goods or rendering of services, revenue from customers and costs with suppliers are reported on a gross basis. When the Group acts as agent in sale of goods or rendering of services, revenue from customers and costs related to suppliers are reported on a net basis, representing the net margin earned. Whether the Group is acting as principal or agent depends on management’s analysis of both legal form and substance of the agreement between the Group and its business partners; such judgments impact the amount of reported revenue and costs but do not impact reported assets, liabilities or cash flows. 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 does not recognize any revenue 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. Multiple performance obligations and price allocation In arrangements which include multiple elements where the Group acts as principal, the Group considers that 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, ● The promise to transfer the good or service is distinct within the context of the contract. The arrangement consideration is allocated to each performance obligation identified in the contract based on relative stand-alone selling prices. 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. 2. Basis of preparation and summary of significant 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 disclosed (unless information concerning provisions are very sensitive, and full disclosure could prejudice the outcome of cases) or accounted for in the consolidated financial statements. Future results or outcome of these investigations and litigations might differ from these Group Management’s expectations. 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. Annual impairment review The Group’s non-current are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. Fair value measurements and valuation process Some of the Company’s assets and liabilities are measured at fair value for financial reporting purposes. In estimating the fair value of an asset or liability, the Company uses market-observable data to the extent it is available. The management works closely with the qualified external experts to establish the appropriate valuation techniques and inputs to the model. Information about the valuation techniques and inputs used in determining the fair value of various assets and liabilities is disclosed in Note 35. |
Changes in accounting policies | (e) Changes in accounting policies Other than the adoption of the new and revised standards as explained in Note 2(aa), the Group did not make any significant changes to its accounting policies during the current year. |
Changes in accounting estimates | (f) Changes in accounting estimates 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) Comparative information and revision of prior period financial statements The consolidated financial statements of the Group are prepared comparatively with the previous period in order to enable the monitor 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. In order to comply with the presentation of the current period consolidated financial statements, comparative information is reclassified when necessary and significant differences are disclosed. The Company has classified current trade receivables amounting to 49,404 TL as due from related parties as of 31 December 2021. The reclassification has no effect on the consolidated statement of profit or loss. |
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. 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 consideration transferred, amount of any non-controlling interest in the acquired entity, and acquisition-date fair value of any previously held equity interest in the acquired entity over the fair value of the net identifiable assets acquired. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognized directly in profit or loss as a bargain purchase. 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. 2. Basis of preparation and summary of significant accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (i) Business combinations (continued) 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. Contingent consideration classified as equity is not subject to remeasurement. Instead, any gain or loss at settlement is recorded as an adjustment to equity through other comprehensive income. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss. (ii) Subsidiaries Subsidiaries comprise all entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. 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. Non-controlling interest has not been attributed to BeST is financed solely by the Company and management’s assessment of relevant articles of the share purchase agreement with the non-controlling shareholder. (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 significant accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (iii) Changes in ownership interests (continued) When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value with the change in carrying amount recognized in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the Group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only a proportionate share of the amounts previously recognized in other comprehensive income are reclassified to profit or loss where appropriate. (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. Investments in associates are accounted for using the equity method of accounting after initially being recognized at cost. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint arrangement. The results and assets and liabilities of joint ventures are incorporated in these consolidated financial statements using the equity method of accounting. 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. Dividends received or receivable from associates are recognized as a reduction in the carrying amount of the investment. When the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in that entity, including any other unsecured long-term receivables, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. 2. Basis of preparation and summary of significant accounting policies (continued) (h) Principles of consolidation and equity accounting (continued) (v) Investments in associates and joint ventures (continued) On acquisition of an associate, any excess of the cost of the investment over the Group’s share of the net fair values of the associate’s identifiable assets and liabilities is recognized as goodwill, which is included in the carrying amount of the investment. Any excess of the Group’s share of the net fair value of the associate’s identifiable assets and liabilities over the cost of the investment is included as part of the Group’s share of the associate profit or loss in the period in which the investment is acquired. The carrying amount of equity-accounted investments is tested for impairment. The Group measures an associate that is classified as held for sale at the lower of its carrying amount at the date of classification as held for sale and fair value less costs of disposal. Equity accounting ceases once an associate is classified as held for sale. |
Financial instruments | (i) Financial instruments Classification From 1 January 2018, the Group classifies its financial assets in the following measurement categories: - Those to be measured subsequently at fair value (either through OCI or through profit or loss) and - Those to be measured at amortized cost. The classification depends on the Group’s business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses will either be recorded in profit or loss or OCI. For investments in equity instruments that are not held for trading, this will depend on whether the Group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income (FVOCI). The Group reclassifies debt investments when and only when its business model for managing those assets changes. Recognition and derecognition Regular way purchases and sales of financial assets are recognized on trade date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. Measurement At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest. 2. Basis of preparation and summary of significant accounting policies (continued) (i) Financial instruments (continued) (i) Debt instruments Subsequent measurement of debt instruments depends on the Group’s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Group classifies its debt instruments: - Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognized directly in profit or loss. - FVOCI: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in OCI is reclassified from equity to profit or loss. Interest income from these financial assets is included in finance income using the effective interest rate method. - FVPL: Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL. A gain or loss on a debt instruments that is subsequently measured at FVPL is recognized in profit or loss in the period in which it arises. (ii) Equity instruments The Group subsequently measures all equity investments at fair value. Where the Group’s management has elected to present fair value gains and losses on equity investments in OCI, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognized in profit or loss as other income when the Group’s right to receive payments is established. Changes in the fair value of financial assets at FVPL are recognized in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI are not reported separately from other changes in fair value. (iii) Impairment From 1 January 2018, the Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost and FVOCI. 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. 2. Basis of preparation and summary of significant accounting policies (continued) (i) Financial instruments (continued) (iii) Impairment (continued) The Group applies simplified lifetime ECL measurement for all group companies except Turkcell Finansman which applies both 12 month and lifetime ECL (general approach). Financial instruments subject to ECL measurement mainly consist of trade receivables. 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. 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. Sale and Repurchase Agreements Securities sold under repurchase agreements (“Repo”) are classified in the Company portfolio as fair value through profit or loss, fair value through other comprehensive income or "amortized cost portfolios and valued according to relevant portfolio basis. Securities purchased under agreements to resell (“Reverse Repo”) are recognized as cash and cash equivalents in the consolidated statement of financial position. 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. Trade receivables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method, less provision for impairment. See Note 35 for a description of the Group’s impairment policies. Trade and other payables These amounts represent liabilities for goods and services provided to the Group prior to the end of financial year which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. 2. Basis of preparation and summary of significant accounting policies (continued) (i) Financial instruments (continued) Borrowings Borrowings are initially recognized at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective interest method. Fees paid on the establishment of loan facilities are recognized as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalized as a prepayment for liquidity services and amortized over the period of the facility to which it relates. Borrowings are removed from the statement of financial position when the obligation specified in the contract is discharged, cancelled or expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognized in profit or loss. Derivatives and hedging activities 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, 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: (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 amortised using a recalculated effective interest rate. 2. Basis of preparation and summary of significant accounting policies (continued) (i) Financial instruments (continued) Derivatives and hedging activities (continued) (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 OCI 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. 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. Under IFRS 9, a 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 when the qualifying criteria are met is prohibited. 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. When the Group discontinues hedge accounting for a cash flow hedge it shall account for the amount that has been accumulated in the cash flow hedge reserve in accordance as follows; - If the hedged future cash flows are still expected to occur, that amount shall remain in the cash flow hedge reserve until the future cash flows occur. 2. Basis of preparation and summary of significant accounting policies (continued) (i) Financial instruments (continued) Derivatives and hedging activities (continued) (ii) Cash flow hedge (Continued) - 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 35). |
Property, plant and equipment | (j) Property, plant and equipment (i) Recognition and measurement Items of property, plant and equipment are stated at historical cost 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. Purchased software that is integral to the functionality of the related equipment is capitalized as part of that equipment. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment. 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 shall not 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) (j) 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 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 | (k) 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 useful lives 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, 30 July 2009 and 26 August 2015, respectively. The licenses are effective for 25, 20 and 13 years, respectively. ( ii) Computer software 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. Capitalized development costs are recorded as intangible assets and amortized from the point at which the asset is ready for use. 2. Basis of preparation and summary of significant accounting policies (continued) (k) Intangible assets (continued) ( ii) Computer software (continued) Amortization Amortization is recognized in the statement of profit or loss on a straight-line basis over the estimated useful lives. The useful lives 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 useful lives for computer software 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. 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, and is carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash-generating units or groups of cash-generating units that are expected to benefit from the business combination in which the goodwill arose. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes, being the operating segments. |
Investment properties | (l) Investment properties 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 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 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 | (m) Inventories Inventories are stated at the lower of cost 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 2022 and 2021, inventories mainly consisted of mobile phone and its accessories, tablet, sim-cards, tower construction materials and other electronic products. |
Impairment of assets | (n) Impairment of assets Goodwill and intangible assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and its value in use. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit. For the purposes of assessing impairment, assets are grouped at the lowest levels (cash-generating units) for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets. Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period. |
Employee benefits | (o) 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) Termination 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 calculated based on 30 days’ pay up to a of maximum full TL 15.4 as at 31 December 2022 (31 December 2021: TL 13.6), per year of employment at the rate of pay applicable at the date of retirement or termination. Termination benefits paid to key executive officers are presented as other expenses. Reserve for employee termination benefits is computed and reflected in the consolidated financial statements on a current basis. Discount rate used for calculating employee termination benefit as of 31 December (iii) 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. (iv) 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. (v) 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. |
Provisions | (p) 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. Onerous contracts Present obligation arising under an onerous contract is recognized and measured as a provision. An onerous contract is considered to exist where the Group has a contract under which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it. 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 | (q) 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, interconnect revenue, monthly fixed fees, SIM card sales and roaming revenue. The Company transfers control of these services over time and, therefore, satisfies the performance obligations and recognizes revenue from telecommunication services over time. 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. 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, ● The promise to transfer the good or service is distinct within the context of the contract. 2. Basis of preparation and summary of significant accounting policies (continued) (q) Revenue (continued) The arrangement consideration is allocated to each performance obligation identified in the contract on a relative stand-alone selling price. If an element of a transaction is not a 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 transferred, being the time when delivered to the end customer. For device sales made to intermediaries, revenue is recognized at the time when control of the device has been transferred, being when the products are delivered to the intermediary. The Group, the distributors and dealers offer joint campaigns to the 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 sale to the subscribers, the instalments of which will be collected by the Group based on the letters of undertaking signed by the subscribers. With the letter of undertaking, the dealer assigns its receivables from handset sales to the distributor and the distributor assigns its receivables to the Group. 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. The Group pays the distributor the net present value of the instalments to be collected from the subscribers and recognizes contracted receivables in its statement of financial position. The undue portion of assigned receivables from the distributors which were paid upfront 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 presented as “receivables from subscribers”. The Group collects the contracted receivables in installments during the contract period and does not recognize any revenue for the handset in these transactions when the Group does not act as principal for the sale of handset. The Group and distributors started to offer the option 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. Revenue from financial services comprise of interest income generated from consumer financing activities. Interest income is recognized as it accrues, using the effective interest method. 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. 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. 2. Basis of preparation and summary of significant accounting policies (continued) (q) Revenue (continued) 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. The Company and the Ministry of Transport and Infrastructure of Turkiye, Directorate General of Communications mutually agreed to extend the contract, to establish and operate mobile communication infrastructure and operation in uncovered areas, until 31 December 2021 and to add mobile broadband services to the existing infrastructure providing GSM services under Universal Service Law and to operate the new and existing networks together. As of 31 December 2022, the Company has recognized TL 243,079 (31 December 2021: TL 497,219) revenue from its operations related to this contract. Since the Company acts as principal, revenue and operating costs are reported on a gross basis in the consolidated financial statements. The revenue recognition policy for other revenues is to recognize revenue as services are provided. 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 | (r) 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. 2. Basis of preparation and summary of significant accounting policies (continued) (r) Income taxes (continued) 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’s 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. 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 deductions for 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 | (s) Earnings per share 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 Turkiye, 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. |
Government grants | (t) Government grants Grants from the government are recognized at their fair value where there is a reasonable assurance that the grant will be received, and the Group will comply with all attached conditions. Government grants relating to costs are deferred and recognized in profit or loss over the period necessary to match them with the costs that they are intended to compensate. Government grants relating to property, plant and equipment are included in non-current liabilities as deferred government grants, and are credited to profit or loss on a straight-line basis over the expected useful lives of the related assets. |
Non-current asset held for sale and discontinued operations | (u) Non-current assets held for sale and discontinued operations Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use, and a sale is considered highly probable. They are measured at the lower of their carrying amount and fair value less costs of disposal. An impairment loss is recognized for any initial or subsequent write-down of the asset to fair value less costs of disposal. A gain is recognized for any subsequent increases in fair value less costs of disposal of an asset, but not in excess of any cumulative impairment loss previously recognized. A gain or loss not previously recognized by the date of the sale of the non-current asset is recognized at the date of derecognition. An associate must meet the conditions to be classified as held for sale. It is first measured in accordance with applicable standards. Such standard is IAS 28, whereby the share of profits and remeasurement of carrying amounts are done in accordance with normal associate rules up to the point of classification as held for sale. The associate is then measured in accordance with IFRS 5. It is measured at the lower of carrying amount and fair value less costs of disposal. Equity accounting is ceased from the date the held for sale criteria are met. Non-current assets classified as held for sale are presented separately from the other assets in the statement of financial position. A discontinued operation is a component of the entity that has been disposed of or is classified as held for sale and that represents a separate major line of business or geographical area of operations, is part of a single coordinated plan to dispose of such a line of business or area of operations, or is a subsidiary acquired exclusively with a view to resale. The results of discontinued operations are presented separately in the statement of profit or loss. |
Equity | (v) Equity 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. |
Dividends | (w) Dividends Provision is made 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. |
Subsequent events | (x) Subsequent events Events after the reporting date; includes all events between the reporting date and the date on which the financial statements are authorized for issue, even if any announcement of profit or other selected financial information has been made publicly disclosed. In case of events requiring correction after the reporting date, the Group corrects this new situation accordingly. Events that are not required to be adjusted subsequent to the reporting date are disclosed in the notes to the consolidated financial statements. |
Leases | (y) Leases 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; - The Group has the right to operate the asset or, - The Group designed the asset in a way that predetermines how and for what purpose it is used. 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 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. 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). 2. Basis of preparation and summary of significant accounting policies (continued) (y) Leases (continued) 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 interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. The Group uses its incremental borrowing rate as the discount 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 as 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. 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. 2. Basis of preparation and summary of significant accounting policies (continued) (y) Leases (continued) 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. |
Related parties | (z) Related parties A related party is a person or entity that is related to the Group. (a) A person or a close member of that person’s family is related to the Group if that person: (i) (ii) (iii) (b) An entity is related to the Group if any of the following conditions applies: (i) The entity and the Group are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others). (ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member). (iii) Both entities are joint ventures of the same third party. (iv) One entity is a joint venture of a third entity and the other entity is an associate of the third entity. (v) The entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group. If the Group is itself such a plan, the sponsoring employers are also related to the Group. (vi) The entity is controlled or jointly controlled by a person identified in (a). (vii) A person identified in (a) (i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity). (viii) The entity, or any member of a group of which it is a part, provides key management personnel services to the reporting entity or to the parent of the reporting entity. |
New standards and interpretations | (aa) New standards and interpretations i) Standards, amendments and interpretations applicable as at 31 December 2022: Amendment to IFRS 16, ‘Leases’ – COVID 19 related rent concessions extension of the practical expedient (effective as of 1 April 2021); A number of narrow-scope amendments to IFRS 3, IAS 16, IAS 37 and some annual improvements on IFRS 1, IFRS 9, IAS 41 and IFRS 16; effective from Annual periods beginning on or after 1 January 2022. o Amendments to IFRS 3 ‘Business combinations’ ; this amendment updates a reference in IFRS 3 to the Conceptual Framework for Financial Reporting without changing the accounting requirements for business combinations. o Amendments to IAS 16 ‘Property, plant and equipment’; this amendment prohibits a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use. Instead, a company will recognise such sales proceeds and related cost in profit or loss. o Amendments to IAS 37 ‘Provisions, contingent liabilities and contingent assets’; this amendment specifies which costs a company includes when assessing whether a contract will be loss-making. These amendments did not have any significant impact on the financial position or performance of the Group. 2. Basis of preparation and summary of significant accounting policies (continued) (aa) New standards and interpretations (continued) ii) Standards, amendments and interpretations that are issued but not effective as at 31 December 2022: IAS 1, Application Statement 2, and narrow changes to IAS 8; IAS 12, Amendment to deferred tax on assets and liabilities arising from a single transaction; IFRS 16, Sale and leaseback transactions; IAS 1, Amendment to the long-term obligations, which are the terms of the contract; IFRS 17, ‘Insurance Contracts’, as amended in December 2021; The Group does not expect material impact of new standards and interpretations on the Group’s accounting policies. |
Developments in the Current Period | (ab) Developments in the Current Period Developments regarding the operations in Ukraine The company’s subsidiaries Lifecell, UkrTower, Global LLC and Paycell LLC provide telecommunications services, telecommunications infrastructure management, customer relationship management and mobile payment services in Ukraine, respectively. The Group’s Ukraine operations constitute approximately 7.8% of the consolidated net sales and 8.0% of the consolidated non-current assets for the period ended 31 December 2022. With the start of the Russia-Ukraine war on 24 February 2022, uncertainties have emerged regarding the Group’s activities in Ukraine. The impact of this situation on the Group’s operations is closely monitored, and corporate action plans regarding the continuation of operations and the safety and health of Group employees are updated instantly according to developments. As of the end of December 2022, 92% of the daily average stores across the country are open. The ratio of telecommunications equipment and revenue generated in the territory currently occupied by Russia to the total Group’s telecommunications equipment and total revenue in Ukraine is at a low level. Banking systems continue to operate in the country. Liquidity is mostly held in creditor banks, and the cash position is suitable for the continuation of operations. The occupation is not expected to have any impact on the going concern of the Group. As of 31 December 2022, the network and other equipment in the regions under Russian control and active military operations and in Ukraine-controlled regions that have not operated for more than 92 days have been impaired. As of 31 December 2022, the amount of impairment recognized in the consolidated financial statements is TL 214,210. A general impairment assessment has been made and it has been concluded that there is no need for an impairment (Note 14). |
Basis of preparation and summ_3
Basis of preparation and summary of significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Statement [LineItems] | |
Disclosure of evolution of CPI | 2022 2021 2020 2019 Annual Index 1,128.45 686.95 504.81 440.50 Average Index 967.71 561.61 469.59 418.24 Yearly Inflation 64.3 % 36.1 % 14.6 % Cumulative Inflation (Since 2019) 156.2 % 55.9 % 14.6 % |
Disclosure of Estimated Useful Lives for Property, Plant and Equipment | The 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 | 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 | 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 useful lives for computer software 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, 2022 | |
Business combinations | |
Summary of detailed information about business combination | Total consideration amount 156,933 - Cash consideration amount 151,553 - Contingent and deferred consideration amount (Note 27) 5,380 Net assets acquired (140,093) Goodwill (Note 13) 16,840 The fair values of identifiable assets and liabilities in accordance with IFRS 3 arising from the acquisition are as follows: Cash and cash equivalents 9,127 Other current assets 9,424 Property, plant and equipment (Note 12) 208,098 Intangible assets (Note 13) 366,167 Other non-current assets 273 Borrowings (249,512) Trade and other payables (12,943) Due to related parties (4,123) Provisions (61) Employee benefit obligations (126) Deferred tax liabilities (80,090) Other liabilities (106,141) Fair value of total identifiable net assets (100%) 140,093 The details of cash outflow due to acquisition are as follows: Total consideration - cash 151,553 Cash and cash equivalents - acquired (9,127) Cash outflow due to acquisition (net) 142,426 |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of operating segment information | Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Total segment revenue 47,308,592 54,625,847 6,429,763 6,271,017 2,151,676 2,154,951 8,228,583 9,573,927 (2,574,340) (2,064,746) 61,544,274 70,560,996 Inter-segment revenue (251,950) (352,233) (144,986) (168,764) (160,730) (123,015) (2,016,674) (1,420,734) 2,574,340 2,064,746 — — Revenues from external customers 47,056,642 54,273,614 6,284,777 6,102,253 1,990,946 2,031,936 6,211,909 8,153,193 — — 61,544,274 70,560,996 Adjusted EBITDA 19,888,347 24,770,715 3,263,535 3,047,283 1,061,780 1,286,400 787,953 792,538 (61,863) (95,226) 24,939,752 29,801,710 IFRS 9 impairment loss provision (338,375) (487,677) (34,265) (13,679) (34,799) (19,282) (1,266) (1,864) — — (408,705) (522,502) Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Total segment revenue 54,625,847 54,799,961 6,271,017 5,722,387 2,154,951 2,042,264 9,573,927 8,627,817 (2,064,746) (1,689,664) 70,560,996 69,502,765 Inter-segment revenue (352,233) (322,867) (168,764) (198,233) (123,015) (32,914) (1,420,734) (1,135,650) 2,064,746 1,689,664 — — Revenues from external customers 54,273,614 54,477,094 6,102,253 5,524,154 2,031,936 2,009,350 8,153,193 7,492,167 — — 70,560,996 69,502,765 Adjusted EBITDA 24,770,715 24,725,401 3,047,283 2,628,467 1,286,400 1,243,799 792,538 788,500 (95,226) (119,099) 29,801,710 29,267,068 IFRS 9 impairment loss provision (487,677) (714,207) (13,679) (6,764) (19,282) (123,483) (1,864) (1,297) — — (522,502) (845,751) 31 December 31 December 31 December 2022 2021 2020 Profit for the period 4,174,749 4,330,581 4,508,466 Add/(Less): Income tax expense (1,615,297) 572,320 919,742 Finance income (2,488,913) (7,020,529) (5,266,058) Finance costs 7,630,882 13,369,520 8,274,974 Other income (231,013) (227,604) (140,944) Other expenses 902,726 1,234,219 1,657,083 Monetary (gain) loss (4,713,822) (2,915,848) 534,673 Depreciation and amortization 21,597,374 20,575,152 18,758,198 Share of loss/(gain) of equity accounted investees (316,934) (116,101) 20,934 Consolidated adjusted EBITDA 24,939,752 29,801,710 29,267,068 |
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 2022 2021 2020 Revenues Turkiye 55,259,493 64,458,713 63,976,147 Ukraine 4,807,505 4,652,353 4,025,909 Belarus 934,675 834,964 883,793 Turkish Republic of Northern Cyprus 518,935 582,418 550,844 Netherlands 23,666 32,548 64,521 Germany — — 1,551 61,544,274 70,560,996 69,502,765 Non-current assets Turkiye 85,880,431 88,359,223 84,384,532 Ukraine 7,678,128 12,745,754 9,076,810 Belarus 746,265 810,199 592,076 Turkish Republic of Northern Cyprus 987,144 724,345 745,661 Unallocated non-current assets 401,294 92,587 342,622 95,693,262 102,732,108 95,141,701 |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Revenue | Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Telecommunication services 44,543,684 51,769,147 6,067,959 5,806,576 — — — — (103,858) (127,973) 50,507,785 57,447,750 Equipment revenues 2,499,908 2,495,278 151,310 217,483 — — 4,179,573 5,763,575 (23,522) (99,999) 6,807,269 8,376,337 Revenue from financial services — — — — 2,151,676 2,154,951 — — (160,730) (123,026) 1,990,946 2,031,925 Call center revenues 103,132 93,157 46,262 78,948 — — 901,561 1,086,174 (114,459) (124,439) 936,496 1,133,840 Other 161,868 268,265 164,232 168,010 — — 3,147,449 2,724,178 (2,171,771) (1,589,309) 1,301,778 1,571,144 Total 47,308,592 54,625,847 6,429,763 6,271,017 2,151,676 2,154,951 8,228,583 9,573,927 (2,574,340) (2,064,746) 61,544,274 70,560,996 Intersegment Turkcell Turkiye Turkcell International Techfin Other Eliminations Consolidated 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Telecommunication services 51,769,147 52,039,191 5,806,576 5,174,308 — — — — (127,973) (137,940) 57,447,750 57,075,559 Equipment revenues 2,495,278 2,415,492 217,483 280,218 — — 5,763,575 5,284,622 (99,999) (49,118) 8,376,337 7,931,214 Revenue from financial services — — — — 2,154,951 2,042,264 — — (123,026) (32,914) 2,031,925 2,009,350 Call center revenues 93,157 82,888 78,948 77,269 — — 1,086,174 997,013 (124,439) (123,157) 1,133,840 1,034,013 Other 268,265 262,390 168,010 190,592 — — 2,724,178 2,346,182 (1,589,309) (1,346,535) 1,571,144 1,452,629 Total 54,625,847 54,799,961 6,271,017 5,722,387 2,154,951 2,042,264 9,573,927 8,627,817 (2,064,746) (1,689,664) 70,560,996 69,502,765 |
Summary of Revenue by Recognition | 31 December 2021 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 51,769,147 5,806,576 — — (127,973) 57,447,750 At a point in time 523,843 42,850 — — (2) 566,691 Over time 51,245,304 5,763,726 — — (127,971) 56,881,059 Equipment Related 2,495,278 217,483 — 5,763,575 (99,999) 8,376,337 At a point in time 2,022,617 217,483 — 5,763,575 (99,999) 7,903,676 Over time 472,661 — — — — 472,661 Revenue from financial operations — — 2,154,951 — (123,026) 2,031,925 At a point in time — — 843,357 — (123,026) 720,331 Over time — — 1,311,594 — — 1,311,594 Call Center 93,157 78,948 — 1,086,174 (124,439) 1,133,840 At a point in time — — — — — — Over time 93,157 78,948 — 1,086,174 (124,439) 1,133,840 Other 268,265 168,010 — 2,724,178 (1,589,309) 1,571,144 At a point in time 11,256 577 — 91,866 (6,034) 97,665 Over time 257,009 167,433 — 2,632,312 (1,583,275) 1,473,479 Total 54,625,847 6,271,017 2,154,951 9,573,927 (2,064,746) 70,560,996 At a point in time 2,557,716 260,910 843,357 5,855,441 (229,061) 9,288,363 Over time 52,068,131 6,010,107 1,311,594 3,718,486 (1,835,685) 61,272,633 31 December 2020 Turkcell Turkcell Intersegment Turkiye International Techfin Other eliminations Consolidated Telecommunication Services 52,039,191 5,174,308 — — (137,940) 57,075,559 At a point in time 622,685 33,131 — — — 655,816 Over time 51,416,506 5,141,177 — — (137,940) 56,419,743 Equipment Related 2,415,492 280,218 — 5,284,622 (49,118) 7,931,214 At a point in time 2,198,044 280,218 — 5,284,622 (49,118) 7,713,766 Over time 217,448 — — — — 217,448 Revenue from financial operations — — 2,042,264 — (32,914) 2,009,350 At a point in time — — 585,555 — (32,914) 552,641 Over time — — 1,456,709 — — 1,456,709 Call Center 82,888 77,269 — 997,013 (123,157) 1,034,013 At a point in time — — — — — — Over time 82,888 77,269 — 997,013 (123,157) 1,034,013 Other 262,390 190,592 — 2,346,182 (1,346,535) 1,452,629 At a point in time 22 20,414 — 127,534 (9,740) 138,230 Over time 262,368 170,178 — 2,218,648 (1,336,795) 1,314,399 Total 54,799,961 5,722,387 2,042,264 8,627,817 (1,689,664) 69,502,765 At a point in time 2,820,751 333,763 585,555 5,412,156 (91,772) 9,060,453 Over time 51,979,210 5,388,624 1,456,709 3,215,661 (1,597,892) 60,442,312 |
Other income and expense (Table
Other income and expense (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Schedule of other operating income and expense | 31 December 31 December 31 December 2022 2021 2020 Share Income 63,440 84,803 16,047 Rent income 23,511 22,668 21,136 Non-interest income from banks 10,435 17,030 21,335 Other 133,627 103,103 82,426 Other income 231,013 227,604 140,944 Revaluation tax expense (*) (259,070) (277,184) — Donation expenses (168,723) (168,997) — Litigation expenses (139,101) (667,297) (898,074) Loss on modification of lease contract (104,634) (89,796) (27,091) Loss on sale of fixed assets (22,714) 57,506 (187,762) Restructuring cost (8,383) (10,951) (31,966) Supplementary contributions to retailers (3,026) (7,079) (108,948) Subscriber returns (**) — — (54,405) Other (197,075) (70,421) (348,837) Other expense (902,726) (1,234,219) (1,657,083) (*) It consists of 2% tax expense paid over the value increase resulting from the revaluation of the properties and depreciable economic assets in the statutory books. (**) It consists of the transfer of the expired portion of the returns that cannot be made to the subscribers due to various reasons despite the performance of all obligations specified in the legislation, to the Evrensel Fund. |
Employee benefit expenses (Tabl
Employee benefit expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of employee benefit expenses | 31 December 2022 31 December 2021 31 December 2020 Wages and salaries (*) 6,319,471 6,795,403 6,681,680 Employee termination benefits (**) 84,262 99,102 91,099 Defined contribution plans 64,309 66,401 70,379 6,468,042 6,960,906 6,843,158 (*) Wages and salaries include compulsory social security contributions, bonuses and share based payments. (**) Remeasurements of employee termination benefits for the years ended 31 December 2022, 2021 and 2020 amounting to TL 1,107,508, TL 328,711 and TL 117,779 respectively are reflected in other comprehensive income. |
Finance income and costs (Table
Finance income and costs (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of finance income and costs | Recognized in the statement of profit or loss: 31 December 31 December 31 December 2022 2021 2020 Interest income 1,377,562 1,366,532 859,995 Currency protected time deposit 1,055,227 — — Cash flow hedges – reclassified to profit or loss — 3,539,243 3,363,094 Net fair value gains on derivative financial instruments and interest — 2,040,291 986,699 Other 56,124 74,463 56,270 Finance income 2,488,913 7,020,529 5,266,058 Net foreign exchange losses (4,287,397) (11,189,399) (6,126,969) Net interest expenses for financial assets and liabilities measured at amortized cost (3,018,800) (2,116,574) (2,078,171) Net fair value losses on derivative financial instruments and interest (3,993,810) — — Cash flow hedges - reclassified to profit or loss 3,795,332 — — Other (126,207) (63,547) (69,834) Finance costs (7,630,882) (13,369,520) (8,274,974) Monetary gain (loss) 4,713,822 2,915,848 (534,673) Net finance costs (428,147) (3,433,143) (3,543,589) |
Income tax expense (Tables)
Income tax expense (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Income Tax Expense | 31 December 31 December 31 December 2022 2021 2020 Current income tax expense (532,112) (1,180,331) (1,737,951) Deferred income tax expense 2,147,409 608,011 818,209 Total income tax expense 1,615,297 (572,320) (919,742) |
Summary of Income Tax Relating to Each Component of Other Comprehensive Income | Tax (expense) / 31 December 2022 Before tax benefit Net of tax Foreign currency translation differences (454,364) (538,429) (992,793) Change in cash flow hedge reserve 1,387,863 (54,521) 1,333,342 Change in cost of hedging reserve (1,317,371) 263,474 (1,053,897) Fair value reserve (74,041) 21,841 (52,200) Hedges of net investments in foreign operations (316,150) 267,116 (49,034) Remeasurements of employee termination benefits (1,107,508) 220,835 (886,673) (1,881,571) 180,316 (1,701,255) Tax (expense) / 31 December 2021 Before tax benefit Net of tax Foreign currency translation differences 4,348,030 (1,414,596) 2,933,434 Change in cash flow hedge reserve 599,593 (52,780) 546,813 Change in cost of hedging reserve (2,354,211) 470,843 (1,883,368) Fair value reserve (116,813) 23,162 (93,651) Hedges of net investments in foreign operations (2,358,725) 511,987 (1,846,738) Remeasurements of employee termination benefits (328,711) 65,798 (262,913) (210,837) (395,586) (606,423) Tax (expense) / 31 December 2020 Before tax benefit Net of tax Foreign currency translation differences 602,969 17,277 620,246 Change in cash flow hedge reserve 121,188 (10,301) 110,887 Change in cost of hedging reserve (1,168,074) 220,269 (947,805) Fair value reserve (6,363) 1,245 (5,118) Hedges of net investments in foreign operations (810,674) 162,477 (648,197) Remeasurements of employee termination benefits (117,779) 23,452 (94,327) (1,378,733) 414,419 (964,314) |
Summary of Reconciliation of Effective Income Tax Expense | 31 December 31 December 31 December 2022 2021 2020 Profit from continuing operations before income tax expense 2,559,452 4,902,901 5,428,208 Profit before income tax expense 2,559,452 4,902,901 5,428,208 Tax at the Turkiye’s tax rate (588,674) (1,225,726) (1,194,206) Difference in overseas tax rates 119,988 25,863 (7,971) Effect of exemptions (*) 754,032 361,465 226,745 Previously unrecognized tax losses used to reduce deferred tax expense (**) — — 1,488,420 Utilization of previously unrecognized tax losses — — 15,080 Effect of amounts which are not deductible and permanent differences (237,579) (748,345) (278,604) Change in unrecognized deferred tax assets (***) (333,765) (17,970) (47,094) Adjustments for current tax of prior years 9,684 (8,402) 62,457 Effect of increase in corporate tax rate in Turkiye 235,539 430,575 — Tax effect of investment in associate and joint venture (47,467) (17,436) (5,852) Inflation adjustments (****) 1,705,480 624,162 (1,181,611) Other (1,941) 3,494 2,894 Total income tax expense 1,615,297 (572,320) (919,742) (*) Effect of exemptions mainly consist of R&D discounts. (**) Mainly comprises the deferred tax credit of TL 1,488,420 which relates to the carried-forward tax losses of lifecell. lifecell has recorded positive taxable profits for the year ended 31 December 2020, mainly as a result of increased subscriber numbers and cost management. The Group has concluded that the deferred tax assets will be recoverable using the estimated future taxable profits based on the business plan of lifecell. The tax losses can be carried forward indefinitely and have no expiry date. (***) Mainly comprises of unused tax losses for which no deferred tax asset has been recognized. (****) Mainly comprises of adjustments in order to reflect the impact of the inflation restatement reporting in terms of the measuring unit current as of 31 December 2022. |
Expenses by nature (Tables)
Expenses by nature (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Expenses by Cost of Sales | Breakdown of expenses by nature for the years ended 31 December 2022, 2021 and 2020 is as follows: Cost of revenue: 31 December 31 December 31 December 2022 2021 2020 Depreciation and amortization (*) (21,597,374) (20,575,152) (18,758,198) Cost of goods sold (6,693,344) (8,584,046) (8,075,167) Share of Turkish Treasury (4,728,050) (5,657,992) (5,810,224) Employee benefit expenses (3,815,409) (4,195,473) (4,167,385) Interconnection and termination expenses (3,686,961) (5,059,269) (5,334,096) Radio expenses (3,321,977) (2,338,402) (2,180,061) Frequency expenses (1,732,796) (2,074,047) (2,131,291) Transmission expenses (944,252) (1,020,740) (1,022,287) Roaming expenses (700,366) (648,512) (509,777) Universal service fund (658,658) (778,671) (794,008) Cost of revenue from financial services (**) (646,675) (444,372) (325,060) Maintenance and repair expenses (466,780) (522,772) (477,561) Datacenter expenses (398,871) (136,566) (120,423) Utility expenses (290,733) (160,877) (150,456) Others (3,331,159) (3,379,584) (3,255,699) (53,013,405) (55,576,475) (53,111,693) (*) As at 31 December 2022, depreciation and amortization expenses include depreciation and amortization expenses related to the financial services amounting to TL 154,579 (31 December 2021: TL 164,274 and 31 December 2020: 110,712). (**) As at 31 December 2021, cost of revenue from financial services includes employee benefit expenses related to the financial services amounting to TL 80,284 (31 December 2021: TL 62,841 and 31 December 2020: TL 43,427). |
Summary of Expenses by Nature Selling and Marketing Expenses | Selling and marketing expenses: 31 December 31 December 31 December 2022 2021 2020 Employee benefit expenses (1,415,584) (1,511,353) (1,498,301) Marketing expenses (1,171,048) (1,429,118) (1,213,753) Selling expenses (261,070) (318,709) (412,084) Others (209,546) (206,342) (136,171) (3,057,248) (3,465,522) (3,260,309) |
Summary of Expenses by Nature Administrative Expenses | 11. Expenses by nature (continued) Administrative expenses: 31 December 31 December 31 December 2022 2021 2020 Employee benefit expenses (1,156,765) (1,191,239) (1,134,045) Consultancy expenses (141,233) (177,743) (126,092) Service expenses (92,798) (86,289) (139,431) Maintenance and repair expenses (55,217) (54,160) (48,960) Collection expenses (54,646) (75,178) (124,013) Travel and entertainment expenses (39,252) (32,921) (40,394) Utility expenses (28,409) (18,452) (20,143) Others (154,218) (133,957) (143,064) (1,722,538) (1,769,939) (1,776,142) |
Summary of Net Impairment Losses on Financial and Contract Assets | Net impairment losses on financial and contract assets: 31 December 31 December 31 December 2022 2021 2020 Net impairment losses on financial and contract assets (408,705) (522,502) (845,751) (408,705) (522,502) (845,751) |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Property, Plant and Equipment | Acquisition through Impairment Transfer to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2022 Additions Disposals Transfers combination (reversals) property exchange rates 2022 Network infrastructure (All operational) 114,220,373 3,675,139 (1,948,331) 4,255,134 — — — (5,576,761) 114,625,554 Land and buildings 6,511,811 336,763 (1,848) 2,118 — — (515,515) (262,453) 6,070,876 Equipment, fixtures and fittings 6,653,267 715,369 (309,541) 69,811 — — — (269,645) 6,859,261 Motor vehicles 110,845 — (1,305) 569 — — — (4,876) 105,233 Leasehold improvements 2,275,641 29,313 (22,887) 646 — — — (12,056) 2,270,657 Electricity production power plant 207,730 — — — — — — — 207,730 Construction in progress 2,076,725 4,719,203 (36,612) (4,328,278) — 7,053 — (119,549) 2,318,542 Total 132,056,392 9,475,787 (2,320,524) — — 7,053 (515,515) (6,245,340) 132,457,853 Accumulated depreciation Network infrastructure (All operational) 75,734,431 7,786,214 (1,406,732) — — 184,488 — (3,335,082) 78,963,319 Land and buildings 1,543,428 231,593 — — — 211 (443,753) (128,666) 1,202,813 Equipment, fixtures and fittings 6,329,636 1,049,719 (226,088) — — 7,978 — (426,069) 6,735,176 Motor vehicles 97,040 7,000 (1,307) — — — — (4,762) 97,971 Leasehold improvements 2,066,834 18,390 (22,103) — — 25 — (8,900) 2,054,246 Electricity production power plant 3,881 10,455 — — — — — 340 14,676 Total 85,775,250 9,103,371 (1,656,230) — — 192,702 (443,753) (3,903,139) 89,068,201 Net book value 46,281,142 372,416 (664,294) — — (185,649) (71,762) (2,342,201) 43,389,652 Acquisition through Impairment Transfer to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2021 Additions Disposals Transfers combination (reversals) property exchange rates 2021 Network infrastructure (All operational) 101,348,763 3,374,245 (1,563,970) 6,934,280 — — — 4,127,055 114,220,373 Land and buildings 6,301,550 258,509 (192,151) 342,969 — — (73,731) (125,335) 6,511,811 Equipment, fixtures and fittings 6,363,251 348,012 (75,329) 69,642 56 — — (52,365) 6,653,267 Motor vehicles 110,320 4,391 (10,016) — 312 — — 5,838 110,845 Leasehold improvements 2,379,493 17,932 (133,088) 897 — — — 10,407 2,275,641 Electricity production power plant (Note 3) — — — — 207,730 — — - 207,730 Construction in progress 2,169,905 7,041,211 (13,491) (7,350,422) — — — 229,522 2,076,725 Total 118,673,282 11,044,300 (1,988,045) (2,634) 208,098 — (73,731) 4,195,122 132,056,392 Accumulated depreciation Network infrastructure (All operational) 65,984,505 7,472,739 (1,393,279) — — 19,155 — 3,651,311 75,734,431 Land and buildings 1,589,022 197,383 (59,132) — — — (60,998) (122,847) 1,543,428 Equipment, fixtures and fittings 5,600,830 891,642 (64,018) — — — — (98,818) 6,329,636 Motor vehicles 91,980 9,316 (10,016) — — — — 5,760 97,040 Leasehold improvements 2,166,098 20,469 (128,479) — — — — 8,746 2,066,834 Electricity production power plant (Note 3) — 3,881 — — — — — - 3,881 Total 75,432,435 8,595,430 (1,654,924) — — 19,155 (60,998) 3,444,152 85,775,250 Net book value 43,240,847 2,448,870 (333,121) (2,634) 208,098 (19,155) (12,733) 750,970 46,281,142 |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Intangible Assets and Goodwill | Acquisition Transfer through Impairment to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2022 Additions Disposals Transfers combinations (reversals) property exchange rates 2022 Telecommunication licenses 44,537,194 1,010 (35,159) 913 — — — (1,928,883) 42,575,075 Computer software 54,337,016 3,507,682 (170,146) 206,757 — — — 239,663 58,120,972 Transmission line software 599,836 675 — — — — — 25,034 625,545 Indefeasible right of usage 614,600 — — — — — — — 614,600 Brand name 8,494 371 (331) 75 — — — (1,756) 6,853 Customer base 39,513 — — — — — — (9,795) 29,718 Goodwill (*) 259,358 — — — — — — (4,611) 254,747 Subscriber acquisition cost 17,982,122 2,958,639 (67,744) — — — — (176,035) 20,696,982 Electricity production license 472,366 — — — — — — (41,549) 430,817 Others 568,085 121,704 (445) 4 — — — (10,802) 678,546 Construction in progress 77,332 178,484 (358) (207,749) — — — (1,640) 46,069 Total 119,495,916 6,768,565 (274,183) — — — — (1,910,374) 124,079,924 Accumulated amortization Telecommunication licenses 26,744,794 2,745,221 (1,919) — — 307 — (809,276) 28,679,127 Computer software 40,582,244 3,481,991 (165,602) — — 61,460 — 298,667 44,258,760 Transmission line software 608,013 19,352 — — — (10,077) — (1,138) 616,150 Indefeasible right of usage 316,954 35,391 — — — — — (450) 351,895 Brand name 16,716 71 (239) — — — — (6,527) 10,021 Customer base 29,921 — — — — — — (8,648) 21,273 Subscriber acquisition cost 9,613,733 3,040,853 (67,744) — — — — (225,559) 12,361,283 Electricity production license 5,556 — — — — — — 475 6,031 Others 358,699 94,706 (445) — — 331 — (1,240) 452,051 Total 78,276,630 9,417,585 (235,949) — — 52,021 — (753,696) 86,756,591 Net book value 41,219,286 (2,649,020) (38,234) — — (52,021) — (1,156,678) 37,323,333 (*) As of 31 December 2022, the consolidated financial statements include goodwill amounting to TL 230,729, TL 16,840 and TL 7,178 regarding Turkcell Superonline, Boyut Enerji (Note 3) and Yaani respectively. (31 December 2021: TL 259,358). No impairment test for goodwill has been performed due to immaterial to consolidated financial statements. 13. Intangible assets (continued) Acquisition Transfer through Impairment to Effects of Balance at Balance at business expenses/ investment movements in 31 December Cost 1 January 2021 Additions Disposals Transfers combinations (reversals) property exchange rates 2021 Telecommunication licenses 42,990,656 23,495 (1,363) 30 — — — 1,524,376 44,537,194 Computer software 49,011,971 4,104,823 (131,366) 224,077 — — — 1,127,511 54,337,016 Transmission line software 575,290 1,460 — — — — — 23,086 599,836 Indefeasible right of usage 629,874 — (15,274) — — — — — 614,600 Brand name 5,461 877 (79) 972 — — — 1,263 8,494 Customer base 48,546 — — — — — — (9,033) 39,513 Goodwill (*) 246,770 — — — 16,840 — — (4,252) 259,358 Subscriber acquisition cost 14,408,912 3,654,236 (93,085) — — — — 12,059 17,982,122 Electricity production license (Note 3) — — — — 366,167 — — 106,199 472,366 Others 585,130 127,884 — (751) — — — (144,178) 568,085 Construction in progress 58,724 241,080 (1,554) (221,694) — — — 776 77,332 Total 108,561,334 8,153,855 (242,721) 2,634 383,007 — — 2,637,807 119,495,916 Accumulated amortization Telecommunication licenses 23,535,770 2,721,001 (1,363) — — 43 — 489,343 26,744,794 Computer software 36,137,696 3,598,873 (126,364) — — 347 — 971,692 40,582,244 Transmission line software 596,578 14,792 — — — — — (3,357) 608,013 Indefeasible right of usage 278,139 39,231 — — — — — (416) 316,954 Brand name 22,066 53 (54) — — — — (5,349) 16,716 Customer base 37,897 — — — — — — (7,976) 29,921 Subscriber acquisition cost 7,059,672 2,626,391 (93,085) — — — — 20,755 9,613,733 Electricity production license (Note 3) — 5,556 — — — — — — 5,556 Others 239,000 114,922 — — — — — 4,777 358,699 Total 67,906,818 9,120,819 (220,866) — — 390 — 1,469,469 78,276,630 Net book value 40,654,516 (966,963) (21,855) 2,634 383,007 (390) — 1,168,337 41,219,286 |
Investment properties (Tables)
Investment properties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Increase (Decrease) in Fair Value | 31 December 31 December 2022 2021 Cost Opening balance 399,412 325,682 Disposal (226,333) — Transfer from property, plant and equipment 515,515 73,730 Closing balance 688,594 399,412 Accumulated depreciation Opening balance 289,507 223,015 Transfer from property, plant and equipment 443,753 60,997 Depreciation and impairment charges during the year 20,894 5,495 Disposal (174,246) — Closing balance 579,908 289,507 Net book value 108,686 109,905 |
Summary of Investment Properties and Information About Fair Value Hierarchy | 31 December 2022 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone — — 98,860 Discounted cash flow Investment properties in Ankara — 58,500 — Market approach Investment properties in Adana — 13,000 — Market approach Investment properties in Istanbul — 6,500 — Market approach Investment properties in Aydın — 8,650 — Market approach Total — 86,650 98,860 31 December 2021 Level 1 Level 2 Level 3 Valuation Method Investment properties in Gebze free zone — — 86,611 Discounted cash flow Investment properties in Ankara — 53,084 — Market approach Investment properties in Adana — 11,014 — Market approach Investment properties in Istanbul — 6,185 — Market approach Investment properties in Aydın — 5,914 — Market approach Total — 76,197 86,611 |
Right-of-use assets (Tables)
Right-of-use assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 2022 and 31 December 2021 and depreciation and amortization expenses for the years ended 31 December 2022 and 31 December 2021 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 2022 3,365,539 698,361 550,798 303,359 229,882 5,147,939 101,887 1,037,576 1,139,463 6,287,402 Depreciation and amortization charge for the year (1,509,534) (167,666) (656,457) (113,933) (198,856) (2,646,446) (52,795) (118,613) (171,408) (2,817,854) Balance at 31 December 2022 2,817,713 692,471 137,618 182,387 204,070 4,034,259 218,770 635,095 853,865 4,888,124 Tangible Intangible Network Tangible Right of Intangible Site Rent Building equipment Vehicles Other Total way License Total Total Balance at 1 January 2021 3,164,707 787,408 536,723 379,838 277,932 5,146,608 67,776 843,580 911,356 6,057,964 Depreciation and amortization charge for the year (1,533,051) (167,312) (674,374) (113,338) (203,611) (2,691,686) (44,576) (97,601) (142,177) (2,833,863) Balance at 31 December 2021 3,365,539 698,361 550,798 303,359 229,882 5,147,939 101,887 1,037,576 1,139,463 6,287,402 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other assets | |
Schedule of other non-current assets | 31 December 31 December Other non-current assets 2022 2021 Advances given for property, plant and equipment 2,528,736 1,469,943 Deposits and guarantees given 374,454 267,630 Prepaid expenses 267,827 367,778 VAT receivable 50,666 27,975 Others 36,222 589 3,257,905 2,133,915 |
Schedule of other current assets | Other current assets 31 December 2022 31 December 2021 VAT receivable 585,060 148,902 Prepaid expenses 457,493 324,043 Prepaid taxes 446,892 322,000 Blocked deposits 162,593 — Receivables from the Ministry of Transport and Infrastructure of Turkiye 137,734 503,989 Advances given to suppliers 112,590 178,623 Receivables from tax office 1,904 20,166 Others 32,125 52,195 1,936,391 1,549,918 |
Deferred tax assets and liabi_2
Deferred tax assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deferred tax assets and liabilities | |
Summary of Recognized Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities at 31 December 2022 and 2021 are attributable to the following: Assets Liabilities Net 2022 2021 2022 2021 2022 2021 Property, plant and equipment and intangible assets 656,127 742,489 (7,594,619) (8,499,580) (6,938,492) (7,757,091) Derivative instruments 30,228 10,157 (547,459) (859,238) (517,231) (849,081) Reserve for employee termination benefits and provisions 455,742 387,096 (7,746) (31,666) 447,996 355,430 Trade and other payables 43,771 74,097 (79,224) (2,305) (35,453) 71,792 Tax losses carried forward 2,313,498 1,898,763 — — 2,313,498 1,898,763 Tax allowances 96,978 101,671 (661) (2,967) 96,317 98,704 Other assets and liabilities (*) 996,285 938,530 (161,281) (222,411) 835,004 716,119 Deferred tax assets/(liabilities) 4,592,629 4,152,803 (8,390,990) (9,618,167) (3,798,361) (5,465,364) Offsetting (2,934,339) (1,846,236) 2,934,339 1,846,236 — — Net deferred tax assets/(liabilities) 1,658,290 2,306,567 (5,456,651) (7,771,931) (3,798,361) (5,465,364) (*) 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 2022 and 2021 were as follows: 2022 2021 Opening balance, net (5,465,364) (6,161,065) Income statement charge 2,147,409 608,011 Tax charge relating to components of other comprehensive income 180,316 (395,586) Acquisition through business combinations — (80,090) Inflation adjustment (706,675) (376,795) Exchange differences 45,953 940,161 Closing balance, net (3,798,361) (5,465,364) |
Summary of Expiration of Unused Tax Losses | 18. Deferred tax assets and liabilities (continued) Unused tax losses will expire at the following dates: Expiration Date Amount 2023 483,247 2024 826,727 2025 2,903,840 2026 227,219 2027 1,849,040 2028 411,144 2030 182,827 2031 227,175 Indefinite 159,022 Total 7,270,241 |
Trade receivables (Tables)
Trade receivables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Trade receivables. | |
Summary of Trade Receivables | 31 December 31 December 2022 2021 Receivables from subscribers 3,897,783 4,226,225 Undue assigned contracted receivables 2,247,674 1,878,484 Accounts and notes receivable 519,605 723,740 6,665,062 6,828,449 |
Receivables from financial se_2
Receivables from financial services (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Schedule of Receivables From Financial Services | 31 December 31 December 2022 2021 Non-current receivables from financial services 285,138 225,968 Current receivables from financial services 3,276,788 3,309,416 3,561,926 3,535,384 |
Contract assets (Tables)
Contract assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Contract Assets | 31 December 31 December 2022 2021 Non-current contract assets 67,054 110,890 Current contract assets 1,888,942 1,938,769 1,955,996 2,049,659 |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents | |
Schedule of Cash and Cash Equivalents | 31 December 31 December 2022 2021 Cash in hand 359 302 Banks 25,989,168 30,621,214 - Demand deposits 2,184,052 5,002,305 - Time deposits 20,100,956 25,618,909 - Receivables from reverse repo 3,704,160 — Impairment loss provision (28,853) (20,281) 25,960,674 30,601,235 |
Financial assets (Tables)
Financial assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets | |
Summary of detailed information about financial assets | The details of financial assets as of 31 December 2022 and 2021 are as follows: 31 December 2022 31 December 2021 Non- Non- current Current current Current Amortized cost — 748,665 — 6,840 - Time deposits with maturity of more than three months — 748,665 — 6,840 Fair value through profit or loss 258,627 4,034,897 — — - Currency protected time deposits (**) — 4,034,897 — — - Investment funds (***) 258,627 — — — Fair value through other comprehensive income 1,850,830 — 2,261,409 84,049 - Listed debt securities (*) 1,850,830 — 2,261,409 84,049 2,109,457 4,783,562 2,261,409 90,889 (*) (**) 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 123,300 and EUR 73,300 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 2022 2021 hierarchy Valuation technique Financial assets at fair value through other comprehensive income 1,850,830 2,345,458 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 19,982 — 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 4,034,897 — Level 2 Forward exchange rates at the reporting date Financial assets at fair value through profit or loss 238,645 — Level 3 Pricing models based on discounted cash flow 6,144,354 2,345,458 |
Summary of Nominal And Fair Value Of Financial Assets | 24. Financial assets (continued) As of 31 December 2022 and 2021, the notional and fair value amounts of listed debt securities are as follows: 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity EUR 24,000 472,022 16 February 2026 EUR 15,000 279,082 8 July 2027 EUR 5,000 99,975 11 April 2023 USD 3,700 73,314 31 March 2025 USD 21,000 391,211 14 July 2023 USD 18,000 308,358 25 March 2027 USD 5,000 97,785 13 November 2025 USD 3,000 55,835 25 January 2023 USD 1,000 18,540 10 August 2024 USD 50,000 54,708 Indefinite Total listed debt securities 1,850,830 31 December 2021 Notional amount Fair value Currency (original currency) (in TL) Maturity EUR 3,277 51,494 16 February 2026 EUR 24,951 356,258 8 July 2027 TL 39,937 42,025 2 March 2022 TL 39,602 42,025 2 March 2022 USD 34,497 469,839 14 July 2023 USD 1,636 22,142 10 August 2024 USD 32,565 412,244 14 October 2025 USD 3,561 45,330 26 January 2026 USD 41,067 525,456 22 June 2026 USD 30,341 378,645 25 March 2027 Total listed debt securities 2,345,458 As of 31 December 2022 and 2021, the notional and fair value amounts of currency protected time deposits are as follows: 31 December 2022 Notional amount Fair value Currency (original currency) (in TL) Maturity TL 949,475 1,236,256 10 May 2023 TL 704,109 950,130 27 February 2023 TL 701,033 820,390 15 August 2023 TL 436,793 511,377 16 August 2023 TL 230,364 299,793 11 May 2023 TL 185,454 216,951 2 October 2023 Total currency protected time deposits 4,034,897 |
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 2022 2021 2020 Gains / (Losses) recognized in other comprehensive income Related to financial assets (74,041) (116,813) (6,363) Related to financial assets, tax effect 21,841 23,162 1,245 (52,200) (93,651) (5,118) |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity. | |
Summary of Shareholding Percentage | Companies with their shareholding percentage are as follows: 31 December 2022 31 December 2021 (%) 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 2,200,000 2,200,000 Inflation adjustment to share capital 17,423,702 17,423,702 Inflation adjusted capital 19,623,702 19,623,702 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share | |
Summary of Basic and Diluted Earnings Per Share | 2022 2021 2020 Numerator: Profit attributable to owners of the Company 4,175,708 4,330,466 4,502,823 Denominator: Weighted average number of shares (*) 2,183,106,193 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) 1.9 2.0 2.1 Numerator: Profit from continuing operations attributable to owners of the Company 4,175,708 4,330,466 4,502,823 Denominator: Weighted average number of shares (*) 2,183,106,193 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) 1.9 2.0 2.1 (*) Refer to Note 25 - Treasury shares |
Other non-current liabilities (
Other non-current liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other non-current liabilities | |
Disclosure of Other Non-Current Liabilities | 31 December 31 December 2022 2021 Liabilities to BeST investment agreement (*) 663,338 — Consideration payable in relation to the acquisition of BeST (**) — 1,245,592 Consideration payable in relation to the acquisition of Boyut Enerji 3,275 5,380 Deferred revenue 4,972 9,846 Others — 4,146 671,585 1,264,964 (*) 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 1,869,830 as of 31 December 2022) 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- 2031. (**) Consideration payable (conditional consideration) in relation to acquisition of BeST in 2008 was recognized at fair value within the scope of IFRS 3. The assumptions used in the fair value calculation are explained in Note 35. On 30 November 2022, the relevant contract was canceled by mutual agreement and an investment agreement was signed instead of the relevant contract. |
Loans and borrowings (Tables)
Loans and borrowings (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Loans and Borrowings | |
Summary of Borrowings | 31 December 31 December Long-term borrowings 2022 2021 Unsecured bank loans 15,653,823 21,493,931 Secured bank loans 2,291,239 445,938 Lease liabilities 2,181,954 3,306,433 Debt securities issued 17,006,088 20,633,735 37,133,104 45,880,037 31 December 31 December Short-term borrowings 2022 2021 Unsecured bank loans 12,870,508 11,279,424 Secured bank loans 845,629 396,565 Lease liabilities 873,277 1,467,021 Debt securities issued 2,131,832 1,392,244 16,721,246 14,535,254 |
Summary of Terms and Conditions of Outstanding Loans | Terms and conditions of outstanding loans are as follows: 31 December 2022 31 December 2021 Interest Payment Nominal Carrying Payment Nominal Carrying Currency rate type period interest rate amount period interest rate amount Unsecured Bank Loans EUR Floating 2023 - 2028 Euribor+ 2.0% -Euribor+ 2.3% 13,673,783 2022 - 2028 Euribor+ 1.9% -Euribor+ 2.3% 15,093,891 Unsecured Bank Loans TL Fixed 2023 12.4% - 38.0% 7,782,214 2022 14.8% - 29.0% 5,001,760 Unsecured Bank Loans USD Floating 2023 - 2026 Libor+ 1.7% -Libor 2.2% 3,982,309 2022 - 2028 Libor+ 2.1% -Libor+ 2.2% 5,977,856 Unsecured Bank Loans RMB Fixed 2023 - 2028 3.7% - 5.5% 1,485,067 2022 - 2028 4.9% - 5.2% 1,528,356 Unsecured Bank Loans UAH Fixed 2023 - 2024 10.0% - 21.0% 1,429,174 2022 - 2024 8.0% - 10.9% 2,813,482 Unsecured Bank Loans EUR Fixed — — — 2022 1.7% 595,630 Unsecured Bank Loans USD Fixed 2023 - 2026 2.6% 171,784 2022 - 2030 3.8% 1,762,380 Secured bank loans USD Fixed 2023 - 2032 1.5% - 3.8% 2,119,044 2022 - 2026 2.6% 250,785 Secured bank loans USD Floating 2023 - 2028 Libor+ 0.6% - Libor+ 1.6% 652,831 2022 - 2026 Libor+ 1.6% - Libor+ 1.9% 591,718 Secured bank loans UAH Fixed 2023 16.4% - 19.5% 364,993 — — — Debt securities issued USD Fixed 2023 - 2028 5.8% 18,013,208 2022 - 2028 5.8% 21,858,526 Debt securities issued TL Fixed 2023 20.3% - 25.5% 1,124,712 2022 16.3% 167,453 Lease liabilities TL Fixed 2023 - 2048 9.8% - 45.0% 1,207,596 2022 - 2048 9.8% - 45.0% 2,073,820 Lease liabilities UAH Fixed 2023 - 2071 7.6% - 47.7% 1,148,563 2022 - 2069 7.6% - 25.7% 1,764,257 Lease liabilities EUR Fixed 2023 - 2034 1.0% - 10.3% 309,670 2022 - 2034 1.0% - 10.0% 498,172 Lease liabilities BYN Fixed 2023 - 2037 11.5% - 20.0% 309,259 2022 - 2028 11.5% - 15.8% 304,914 Lease liabilities USD Fixed 2023 - 2052 3.9% - 11.5% 80,143 2022 - 2028 3.9% - 10.9% 132,291 53,854,350 60,415,291 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Employee Benefits Provisions | 31 December 31 December 2022 2021 Retirement pay liability provision 1,590,756 844,540 Unused vacation provision 199,275 165,082 1,790,031 1,009,622 |
Summary of Movement in Provision for Employee Termination Benefits | Movements in provision for employee termination benefits are as follows: 2022 2021 Balance at 1 January 844,540 673,878 Service cost 101,752 126,088 Remeasurements 1,107,508 328,711 Interest expense 112,649 75,110 Benefit payments (67,528) (102,752) Acquisition through business combinations — 126 Inflation adjustment (508,165) (256,621) Balance at 31 December 1,590,756 844,540 |
Summary of Sensitivity of Provision for Employee Termination Benefits to Changes in the Significant Actuarial Assumptions | The sensitivity of provision for employee termination benefits to changes in the significant actuarial assumptions is: 31 December 2022 Interest Rate Inflation Rate Sensitivity Level 1% increase 1% decrease 1% increase 1% decrease Change in assumption (15.4) % 19.0 % 18.9 % (15.6) % Impact on provision for employee termination benefits (244,976) 302,244 300,653 (248,158) 31 December 2021 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 employee termination benefits (113,169) 137,660 139,348 (116,546) |
Contract liabilities (Tables)
Contract liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Current and Non-current Contract Liabilities | 31 December 31 December 2022 2021 Long-term contract liabilities 757,697 730,816 Short-term contract liabilities 850,667 915,192 1,608,364 1,646,008 |
Summary of Unsatisfied Performance Obligation of Contract Liabilities | The following table shows unsatisfied performance obligation result as of 31 December 2022; 31 December 31 December 2022 2021 Telecommunications service 1,844,463 2,440,585 Equipment revenues 849,574 1,743,132 2,694,037 4,183,717 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Non-current provision | |
Statement [LineItems] | |
Summary of Provisions | Non - Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2022 32,298 979,269 1,011,567 Provisions recognized 53,516 11,977 65,493 Payments — (7,120) (7,120) Unwinding of discount — 80,896 80,896 Transfers to current provisions (20,829) — (20,829) Remeasurements — 243,634 243,634 Effect of changes in exchange rates — 49,481 49,481 Inflation adjustment (17,292) (437,101) (454,393) Balance at 31 December 2022 47,693 921,036 968,729 32. Provisions (continued) Obligations for dismantling, Legal removing and claims site restoration Total Balance at 1 January 2021 37,765 883,066 920,831 Provisions recognized 26,053 43,154 69,207 Payments — (6,165) (6,165) Unwinding of discount — 75,805 75,805 Transfers to current provisions (20,491) — (20,491) Remeasurements — (753) (753) Effect of changes in exchange rates — 292,025 292,025 Inflation adjustment (11,029) (307,863) (318,892) Balance at 31 December 2021 32,298 979,269 1,011,567 |
Current provision | |
Statement [LineItems] | |
Summary of Provisions | Current provisions: Legal claims(**) Bonus(*) Total Balance at 1 January 2022 110,094 832,258 942,352 Provisions recognized (105) 1,072,523 1,072,418 Payments (61,714) (823,744) (885,458) Transfers from non-current provisions 20,829 — 20,829 Effect of changes in exchange rates — 2,427 2,427 Inflation adjustment (37,234) (361,400) (398,634) Balance at 31 December 2022 31,870 722,064 753,934 32. Provisions (continued) Legal claims(**) Bonus(*) Total Balance at 1 January 2021 566,970 841,973 1,408,943 Provisions recognized 444,966 1,324,163 1,769,129 Payments (845,243) (1,139,330) (1,984,573) Transfers from non-current provisions 20,491 — 20,491 Remeasurements — 106 106 Effect of changes in exchange rates 4,824 76,243 81,067 Inflation adjustment (81,914) (270,897) (352,811) Balance at 31 December 2021 110,094 832,258 942,352 (*) Includes share-based payment (Note (**) Refer to Note 37. |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [abstract] | |
Summary of Trade and Other Payables | 31 December 31 December Short-term trade and other payables 2022 2021 Payables to suppliers 6,898,414 7,582,037 Taxes payable 1,608,123 1,642,320 Accrued treasury share, universal service fund contribution and contributions to the ICTA’s expenses 986,508 1,071,084 Accrued selling and marketing expenses 192,500 121,911 Others 642,877 622,677 10,328,422 11,040,029 |
Derivative financial instrume_2
Derivative financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Statement [LineItems] | |
Summary of Fair Value of Derivative Financial Instruments | The fair value of derivative financial instruments at 31 December 2022 and 2021 are attributable to the following: 31 December 2022 31 December 2021 Assets Liabilities Assets Liabilities Held for trading 794,399 131,074 1,941,240 — Derivatives used for hedge accounting 1,199,843 21,432 1,642,001 99,413 Total 1,994,242 152,506 3,583,241 99,413 31 December 2022 31 December 2021 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 2022 2021 Participating cross currency swap contracts EUR Contracts 233,600 203,017 300,200 287,056 October 2025 01:01 (7,288) 1,582,531 EUR Contracts 50,711 53,612 63,365 79,577 April 2026 01:01 (175) 129,104 USD Contracts 165,478 560,982 206,770 860,068 April 2026 01:01 10,061 876,842 Cross currency swap contracts RMB Contracts 108,148 256,943 135,134 387,047 April 2026 01:01 73,799 224,672 Interest rate swap contracts USD Contracts 120,105 103,857 150,075 (71,160) April 2026 01:01 — — Derivatives used for hedge accounting 1,178,411 1,542,588 31 December 2022 31 December 2021 Notional value in Notional value in Currency original currency Fair value Maturity original currency Fair value Maturity Cross currency swap contracts USD Contracts 18,858 243,287 March 2023 - November 2025 36,572 467,952 March 2023 - November 2025 RMB Contracts 25,883 57,482 April 2026 32,342 83,518 April 2026 EUR Contracts — — — 24,000 277,451 December 2022 Currency forward contracts USD Contracts 377,435 7,673 January 2023 - June 2023 175,000 278,401 January 2022 - March 2022 EUR Contracts 26,900 28,699 February 2023 - April 2023 — — — FX swap contracts USD Contracts 357,451 (3,980) January 2023 200,000 317,868 January 2022 RMB Contracts 148,422 1,864 January 2023 — — — Participating cross currency swap contracts USD Contracts 27,000 75,051 November 2025 36,000 96,738 November 2025 EUR Contracts 53,380 254,040 April 2026 66,700 399,960 April 2026 Interest rate swap contracts USD Contracts 53,380 (791) April 2026 — — — EUR Contracts — — — 35,000 19,352 September 2028 Derivatives held for trading — 663,325 — 1,941,240 — |
Summary of Fair Value of Financial Assets and Financial Liabilities | Fair Value hierarchy Valuation Techniques a) Participating cross currency swap contracts (*) Level 3 Pricing models based on discounted cash present value of the estimated future cash flows based on unobservable 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 (*) Since the bid-ask spread is unobservable input; in the valuation of participating cross currency swap contracts, prices in the bid- ask price range that were considered the most appropriate were used instead of mid prices. If mid prices were used in the valuation the fair value of participating cross currency swap contracts would have been TL 15,892 lower as at 31 December 2022 (31 December 2021: TL 416,897). |
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 increase decrease increase decrease 31 December 2022 Participating cross currency swap contracts (37,531) (25,064) 755,812 787,206 Cross currency swap contracts 64,781 236,336 236,439 206,121 Cash Flow sensitivity (net) 27,250 211,272 992,251 993,327 34. Derivative financial instruments (continued) Cash flow sensitivity analysis for variable-rate instruments (continued) Profit or Loss Equity, net of tax 100 bp 100 bp 100 bp 100 bp increase decrease increase decrease 31 December 2021 Participating cross currency swap contracts 1,971,140 3,664,033 (1,019,230) (2,374,118) Cross currency swap contracts 262,370 (55,620) (362,533) (306,545) Cash Flow sensitivity (net) 2,233,510 3,608,413 (1,381,763) (2,680,663) |
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 2022 and 2021 are stated below: 31 December 31 December 2022 2021 Opening balance 1,723,399 1,781,744 Cash flow effect (1,124,026) 92,328 Total gain/loss: Gains recognized in profit or loss 1,221,599 414,157 Inflation adjustments (674,270) (564,830) Closing balance 1,146,702 1,723,399 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 2022 2021 Trade receivables 19 6,963,821 7,249,705 Contract assets 21 1,955,996 2,049,659 Receivables from financial services 20 3,561,926 3,535,384 Cash and cash equivalents (*) 23 25,960,315 30,600,933 Derivative financial instruments 34 2,032,416 3,500,700 Other current & non-current assets (**) 17 421,264 320,403 Financial assets at amortized cost 24 748,665 6,840 Financial assets at fair value through profit or loss 24 4,293,524 — Financial assets at fair value through other comprehensive income 24 1,850,830 2,345,458 Due from related parties 76,453 287,756 47,865,210 49,896,838 (*) 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 and subscriber 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 2022 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 40,799,890 376,616 177,832 85,754 72,369 93,472 824,749 347,162 231,478 43,009,322 Loss Allowance 131,944 5,630 5,479 4,762 5,874 7,690 194,366 192,022 114,267 662,034 (*) Other Assets includes trade receivables, subscriber receivables, derivative financial instruments, financial assets, other assets, cash and cash equivalent and due from related parties. 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 1,963,342 — — — — — — — — 1,963,342 Loss Allowance 7,346 — — — — — — — — 7,346 Less Less Other assets from financial Less Than Than 60 Than 90 Less Than Less Than Less Than Less Than Less Than services at 31 December 2022 30 Days Past Days Past Days Past 120 Days 150 Days 3 years Past 4 years 5 years (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,324,919 180,530 31,964 12,653 17,202 6,861 70,095 2,201 5,418 3,651,843 Loss Allowance 20,033 1,802 366 196 7,046 3,604 49,260 2,192 5,418 89,917 (**) Other Assets includes trade receivables and subscriber 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 2021 (*) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 42,352,851 538,256 204,767 93,423 63,909 71,096 1,227,728 549,970 257,258 45,359,258 Loss Allowance 126,791 14,697 10,203 9,101 8,250 10,135 410,493 345,167 112,626 1,047,463 (*) Other Assets includes trade receivables, subscriber receivables, derivative financial instruments, financial assets, other assets, cash and cash equivalent and due from related parties. 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 2021 Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 2,059,911 — — — — — — — — 2,059,911 Loss Allowance 10,252 — — — — — — — — 10,252 35. Financial instruments (continued) Credit risk (continued) Credit quality: (continued) 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 2021 (**) Not Due Due Due Due Past Due Past Due Due Past Due Past Due Total Gross Carrying Amount 3,085,059 382,073 33,468 16,199 19,008 9,559 124,746 9,795 6,759 3,686,666 Loss Allowance 20,195 3,553 486 256 9,053 5,161 96,050 9,769 6,759 151,282 (**) Other Assets includes trade receivables and subscriber 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 impairment of trade receivables, contract assets, other assets and due from related parties are as follows: 31 December 2022 Contract Assets Other Assets Opening balance 10,252 1,047,463 Provision for impairment recognized during the year 1,289 610,599 Amounts collected — (232,462) Receivables written off during the year as uncollectible — (397,132) Effect of changes in exchange rates — 47,430 Inflation adjustment (4,195) (413,864) Closing balance 7,346 662,034 31 December 2021 Contract Assets Other Assets Opening balance 11,720 1,402,442 Provision for impairment recognized during the year 2,005 923,701 Amounts collected — (402,315) Receivables written off during the year as uncollectible — (603,608) Effect of changes in exchange rates — 102,855 Inflation adjustment (3,473) (375,612) Closing balance 10,252 1,047,463 35. Financial instruments (continued) Movements in the provision for impairment of trade receivables, subscriber receivables, other assets and cash and cash equivalents from financial services are as follows: 31 December 31 December 2022 2021 Opening balance 151,282 345,476 Provision for impairment recognized during the year 103,094 133,977 Amounts collected (68,647) (112,522) Receivables transferred with receivables transfer contract (*) (36,985) (146,945) Inflation adjustment (58,827) (68,704) Closing balance 89,917 151,282 (*) 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 2021. Transferred doubtful receivables comprise of balances that Turkcell Finansman started legal proceedings for. |
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. Financial instruments (continued) Liquidity risk (continued) 31 December 2022 31 December 2021 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 3,136,868 (3,626,031) (616,130) (242,972) (475,576) (1,318,013) (973,340) 842,503 (870,511) (201,900) (200,342) (239,586) (228,683) — Unsecured bank loans 28,524,331 (31,220,977) (8,875,434) (4,898,822) (4,516,080) (11,238,409) (1,692,232) 32,773,355 (35,541,826) (8,492,162) (3,039,099) (5,631,753) (15,915,368) (2,463,444) Debt securities issued 19,137,920 (23,654,946) (1,714,260) (519,867) (1,039,733) (10,876,254) (9,504,832) 22,025,979 (28,712,826) (804,279) (632,233) (1,264,465) (14,111,647) (11,900,202) Lease liabilities 3,055,231 (5,186,425) (772,668) (583,181) (918,574) (1,458,421) (1,453,581) 4,773,454 (7,545,432) (1,138,393) (935,169) (1,191,070) (2,092,223) (2,188,577) Trade and other payables (*) 6,932,734 (7,233,483) (7,089,288) — — — (144,195) 7,582,037 (7,905,044) (7,899,561) (5,483) — — — Due to related parties 242,246 (334,850) (334,850) — — — — 107,031 (143,398) (143,398) — — — — Consideration payable in relation to acquisition of BeST and Boyut Enerji (Note 27) 666,613 (1,879,158) — — (9,328) (108,758) (1,761,072) 1,250,972 (2,200,500) — — (10,949) (120,426) (2,069,125) Derivative financial liabilities Participating Cross Currency Swap and FX swap contracts 150,924 349,200 67,542 63,038 95,405 123,561 (346) 117,165 261,527 33,455 32,439 34,368 161,265 — Buy — (11,117,506) (10,419,790) (940,582) 116,844 134,779 (8,757) — 4,326,736 470,483 472,047 885,997 2,498,209 — Sell — 11,466,706 10,487,332 1,003,620 (21,439) (11,218) 8,411 — (4,065,209) (437,028) (439,608) (851,629) (2,336,944) — TOTAL 61,846,867 (72,786,670) (19,335,088) (6,181,804) (6,863,886) (24,876,294) (15,529,598) 69,472,496 (82,658,010) (18,646,238) (4,779,887) (8,303,455) (32,307,082) (18,621,348) (*) 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 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) Foreign exchange risk (continued) 31 December 2021 USD EUR RMB Foreign currency denominated assets Other non-current assets 188 11 — Financial asset at fair value through other comprehensive income 85,029 16,453 — Due from related parties - current — 13 — Trade receivables and contract assets 14,729 20,135 — Other current assets 10,297 5,931 14,079 Cash and cash equivalents 814,899 141,110 71,600 925,142 183,653 85,679 Foreign currency denominated liabilities Loans and borrowings - non-current (302,607) (504,992) (344,052) Debt securities issued - non-current (942,374) — — Lease obligations - non-current (3,460) (16,829) — Other non-current liabilities (56,888) — — Loans and borrowings - current (89,379) (205,687) (102,395) Debt securities issued - current (55,938) — — Lease obligations - current (2,589) (3,274) — Other current liabilities (953) (8,752) — Trade and other payables - current (96,236) (17,010) (363,670) Due to related parties — (305) — (1,550,424) (756,849) (810,117) Financial liabilities defined as hedging instruments 16,987 261,680 — Exposure related to derivative instruments Participating cross currency swap and FX swap contracts 244,583 32,022 167,476 Currency forward contracts 517,242 — — Net exposure 153,530 (279,494) (556,962) |
Summary of Quantitative Information about Significant Unobservable Inputs Used in Level 3 Fair Value Measurement of Contingent Consideration | Valuation inputs and relationships to fair value The following table summarizes the quantitative information about the significant unobservable inputs used in level 3 fair value measurement of contingent consideration. Fair value at Inputs 31 31 31 31 December December Unobservable December December Relationship of unobservable inputs to 2022 2021 Inputs 2022 2021 fair value Contingent consideration — 1,245,592 Risk-adjusted discount rate — 6.8%- 8.0% An increase/decrease in the discount rate by 100 bps would change Expected settlement date — in instalments between 2026-2031 If expected settlement date 1-year |
Financial liabilities | Carrying Fair As at 31 December 2022: amount value Bank loans 22,900,345 21,453,658 Debt securities 18,013,208 16,573,025 Carrying Fair As at 31 December 2021: amount value Bank loans 27,426,863 27,305,679 Debt securities 21,858,526 21,739,016 |
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 years ended 31 December 2022 and 31 December 2021 are stated below: 31 December 31 December 2022 2021 Opening balance 1,245,592 1,063,778 Losses recognized in profit or loss (758,261) 463,869 Inflation adjustment (487,331) (282,055) Closing balance — 1,245,592 |
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 2022 and 2021: Profit or (loss) Equity 100 bps 100 bps 100 bps 100 bps increase decrease increase decrease 31 December 2022 Variable rate instruments (financial liability) (315,213) 315,213 — — Cash flow sensitivity (net) (315,213) 315,213 — — 31 December 2021 Variable rate instruments (financial liability) (170,482) 170,482 — — Cash flow sensitivity (net) (170,482) 170,482 — — |
Summary of Variable Interest-Bearing Financial Instruments | 31 December 2022 31 December 2021 Effective Effective Interest Carrying interest Carrying Note Rate Amount rate Amount Variable rate instruments USD floating rate loans 28 4.4 % (4,635,140) 3.2 % (6,569,574) EUR floating rate loans 28 3.2 % (13,673,783) 2.3 % (15,093,891) |
Currency risk | |
Statement [LineItems] | |
Sensitivity analysis for types of market risk | 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 86,904 (86,904) — — 2- Hedged portion of USD risk (-) — — (25,335) 25,335 3- USD net effect (1+2) 86,904 (86,904) (25,335) 25,335 4- EUR net asset/liability (266,948) 266,948 — — 5- Hedged portion of EUR risk (-) — — (25,720) 25,720 6- EUR net effect (4+5) (266,948) 266,948 (25,720) 25,720 7- Other foreign currency net asset/liability (RMB) (117,328) 117,328 — — 8- Hedged portion of other foreign currency risk (-) (RMB) — — 1,600 (1,600) 9- Other foreign currency net effect (7+8) (117,328) 117,328 1,600 (1,600) Total (3+6+9) (297,372) 297,372 (49,455) 49,455 35. Financial instruments (continued) Exposure to currency risk (continued) Sensitivity analysis (continued) 31 December 2021 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 191,136 (191,136) — — 2- Hedged portion of USD risk (-) — — (17,218) 20,995 3- USD net effect (1+2) 191,136 (191,136) (17,218) 20,995 4- EUR net asset/liability (421,664) 421,664 — — 5- Hedged portion of EUR risk (-) — — (24,020) 24,020 6- EUR net effect (4+5) (421,664) 421,664 (24,020) 24,020 7- Other foreign currency net asset/liability (RMB) (116,071) 116,071 — — 8- Hedged portion of other foreign currency risk (-) (RMB) — — 1,960 (1,960) 9- Other foreign currency net effect (7+8) (116,071) 116,071 1,960 (1,960) Total (3+6+9) (346,599) 346,599 (39,278) 43,055 |
Related parties (Tables)
Related parties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 2022 2021 2020 Short-term benefits 184,952 180,688 207,952 Long-term benefits 1,848 2,177 2,591 Termination benefits 958 375 15,514 Share based payments — 837 13,733 187,758 184,077 239,790 |
Schedule of Transactions with Related Parties | 38. Related parties (continued) The following transactions occurred with related parties: 31 December 31 December 31 December Revenue from related parties 2022 2021 2020 Turk Telekom Mobil Iletisim Hizmetleri A.S. (“TT Mobil”) (*) 673,733 — — Turk Hava Yollari A.S. ("THY") (*) 174,092 146,766 32,642 Enerji Piyasalari Isletme A.S. (“EPIAS”) (*) 170,754 407,346 53,904 Ziraat Bankasi A.S. (“Ziraat Bankasi”) (*) 71,969 96,898 23,356 Gunes Express Havacilik A.S. (“Sun Express”) (*) 65,385 33,196 6,511 TOGG 58,129 10,769 — Turk Telekomunikasyon A.S. (“TT”) (*) 56,472 — — Turksat Uydu Haberlesme Kablo TV ve Isletme A.S.(“Turksat”) (*) 52,746 79,102 23,635 TVF IFM Gayrimenkul Insaat ve Yonetim A.S. (*) 43,818 2,624 — Turkiye Vakiflar Bankasi TAO (“Vakifbank”)(*) 30,642 29,625 14,157 Turkiye Halk Bankasi A.S. (“Halkbank”) (*) 16,828 16,485 5,214 Turkiye Hayat ve Emeklilik A.S. (*) 15,020 21,568 4,057 Ziraat Katilim Bankasi A.S. (“Ziraat Katilim”) (*) 8,970 6,480 1,120 BIST (*) 5,357 23,742 7,853 Sofra 1,765 2,041 2,877 Other 23,126 32,952 14,755 1,468,806 909,594 190,081 31 December 31 December 31 December Related party expenses 2022 2021 2020 EPIAS (*) 1,777,886 1,660,989 183,235 Turk Telekomunikasyon A.S (*) 745,220 — — TT Mobil (*) 630,606 — — Istanbul Takas ve Saklama Bankasi A.S. ("Takasbank") (*) 88,387 90 — Turksat (*) 85,155 115,639 31,844 Sofra 47,732 58,444 61,037 Boru Hatlari ile Petrol Tasima A.S. (“BOTAS”) (*) 38,381 8,298 PTT (*) 25,017 28,476 3,820 Others 58,557 36,447 6,614 3,499,022 1,938,466 294,848 (*) Related parties which TVF and the entities over which TVF has control directly 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 has 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) Details of the financial assets and liabilities with related parties as of 31 December 2022 and 2021 are as follows: 31 December 31 December 2022 2021 Banks - Time deposits (*) 14,178,529 12,682,382 Banks - Demand deposits (*) 234,117 253,463 Currency protected time deposit (**) 1,359,651 — Receivables from reverse repo (*) 3,704,160 — Bank borrowings (2,791,256) (1,252,741) Debt securities issued (357,497) (167,453) Lease liabilities (125,381) (159,893) Impairment loss provision (20,974) (8,215) 16,181,349 11,347,543 (*) Related balances are included in cash and cash equivalents. (**) The Group has converted its currency deposit account in Vakifbank amounting to USD 15,000 and EUR 50,000 into currency protected TL time deposit accounts (Note 24). As of 31 December 2022, the amount of letters of guarantee given to the related parties is TL 133,277 (31 December 2021: TL 159,563). Details of the time deposits at related parties as of 31 December 2022 and 2021 are as follows: 31 December 31 December 2022 2021 Ziraat Bankasi 2,003,561 4,405,389 Vakifbank 5,748,392 3,623,180 Halkbank 5,140,582 3,996,354 Ziraat Katilim Bankasi A.S. 1,285,994 657,354 Other — 105 14,178,529 12,682,382 Details of the time deposits at related parties Amount in Original 31 December Currency Currency Effective Interest Rate Maturity 2022 187,624 USD 3.0% January 2023 3,510,080 395,430 EUR 2.7% January 2023 7,888,259 2,774,821 TL 23.9% January 2023 2,778,946 55 GBP 0.1% January 2023 1,244 14,178,529 38. Related parties (continued) Receivables from reverse repo Amount in 31 December Original Currency Currency Effective Interest Rate Maturity 2022 120,025 EUR 2.8% January 2023 2,394,311 70,000 USD 3.0% January 2023 1,309,849 3,704,160 Details of the bank borrowings at related parties 31 December Principle Amount Currency Effective Interest Rate Maturity 2022 1,802,550 TL 13.5% - 19.0% January 2023 - October 2023 1,934,918 536,714 TL 13.4% - 24.0% February 2023 - December 2023 537,478 89,997 RMB 3.7% February 2023 241,247 35,000 TL 14.8% August 2023 36,818 39,900 TL 16.4% May 2023 40,795 2,791,256 Details of the debt securities issued at related parties Principle 31 December Amount Currency Effective Interest Rate Maturity 2022 200,000 TL 20.8% March 2023 202,005 150,000 TL 20.3% February 2023 155,492 357,497 Details of the lease liabilities at related parties 31 December Currency Effective Interest Rate Payment Period 2022 EUR 0.2% - 5.1% 2022 - 2024 74,012 TL 11.7% - 44.5% 2022 - 2036 51,369 125,381 38. Related parties (continued) Interest income from related parties: 31 December 31 December 31 December 2022 2021 2020 Vakifbank 501,390 200,171 62,469 Ziraat Bankasi 212,458 184,958 76,842 Halkbank 188,154 316,717 74,398 Ziraat Katilim 36,247 675 — Other 50 4,193 3,658 938,299 706,714 217,367 Interest expense to related parties: 31 December 31 December 31 December 2022 2021 2020 Vakifbank 311,772 33,587 104 Ziraat Bankasi 67,422 9,977 3,942 Halk Varlık Kiralama A.S. ("Halk Varlık Kiralama") 60,387 7,530 — Halkbank 2,328 — 4,469 Ziraat Katilim 537 62 — Other 582 217 1,192 443,028 51,373 9,707 |
Subsidiaries (Tables)
Subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 2022 and 31 December 2021 are as follows: Effective Ownership Interest Subsidiaries Country of 31 December 31 December Name Incorporation Business 2022 (%) 2021 (%) 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 (1) Turkiye Dijital educations 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 (2) Turkiye Dijital agency activities 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 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 (3) 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 100 100 BeST (4) Republic of Belarus Telecommunications 100 80 Turkcell GSYF (5) Turkiye Venture capital investment fund 100 — W3 Turkiye Information technology 100 — Lifetech Republic of Belarus Information technology, programming and technical support 100 80 Effective Ownership Interest Associates Country of 31 December 31 December Name Incorporation Business 2022 (%) 2021 (%) TOGG Turkiye Electric passenger car development, production and trading activities 23 23 39. Subsidiaries (continued) Effective Ownership Interest Joint Venture Country of 31 December 31 December Name Incorporation Business 2022 (%) 2021 (%) Sofra Turkiye Meal coupons and cards 33 33 (1) Dijital Egitim has been incorparated respectivelty with the shareholding percentage 51% and 49% by Turkcell Dijital which is fully owned by the Group and Sahinkaya Ozel Egitim Kurumları A.S. to offer education and communication solutions compatible with new generation technologies. Initial capital is TL 100 and registration and announcement of the respective company was completed on 11 March 2022. (2) Turkcell Dijital Sigorta, in which fully owned by Turkcell Finansman was established to offer insurance activitites based on digital and innovative technologies and registration and announcement of the respective Company was completed on 21 June 2022. (3) The title of Turkcell Europe GmbH which is fully owned by the Group has been changed to Paycell Europe GmbH. (4) Share Transfer transactions regarding the purchase of 20% of BeST’s shares owned by the Republic of Belarus were completed on 9 December 2022. (5) In accordance with business model of the Group, Turkcell GSYF has been established by on 28 March 2022 by RE-PIE Portföy Yönetimi A.S.(“RE-PIE) to invest in initiatives that create synergies with the Group’s strategic focus areas and also Turkcell contributes. Turkcell GSYF has been included to the consolidated financial statements as of 30 September 2022 in accordance with the “IFRS 10 Consolidated Financial Statements”. |
Investments accounted for usi_2
Investments accounted for using the equity method (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Investments accounted for using the equity method | |
Schedule of carrying values of joint ventures | 31 December 31 December 2022 2021 Sofra 18,218 30,152 |
Schedule of carrying value of associates | 31 December 31 December 2022 2021 TOGG 2,288,646 1,344,216 |
Schedule of movement in joint ventures and associates | 31 December 31 December 2022 2021 Opening balance 1,374,368 278,365 Shares of profit 316,934 116,101 Contribution to capital increase 615,562 979,902 Closing balance 2,306,864 1,374,368 |
Cash flow information (Tables)
Cash flow information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 2022 (22,025,979) (33,615,858) (4,773,454) (60,415,291) 3,383,535 (57,031,756) Cash inflows (2,714,215) (32,250,009) — (34,964,224) 3,618,023 (31,346,201) Cash outflows 3,331,412 28,603,546 2,616,074 34,551,032 (3,195,149) 31,355,883 Other non-cash movements (7,298,371) (9,410,822) (2,790,250) (19,499,443) (1,539,482) (21,038,925) Inflation adjustment 9,569,233 15,011,944 1,892,399 26,473,576 (385,435) 26,088,141 Balance at 31 December 2022 (19,137,920) (31,661,199) (3,055,231) (53,854,350) 1,881,492 (51,972,858) Debt securities Lease Derivative issued Loans liabilities Total Assets, net Total Balance at 1 January 2021 (16,458,220) (27,104,130) (4,691,840) (48,254,190) (1,784,575) (50,038,765) Cash inflows (386,103) (26,188,047) — (26,574,150) 3,627,908 (22,946,242) Cash outflows 1,297,867 26,090,463 3,313,449 30,701,779 (3,452,123) 27,249,656 Acquisition through business combination — (249,512) — (249,512) — (249,512) Other non-cash movements (13,059,824) (16,352,579) (4,934,922) (34,347,325) 4,930,645 (29,416,680) Inflation adjustment 6,580,301 10,187,947 1,539,859 18,308,107 61,680 18,369,787 Balance at 31 December 2021 (22,025,979) (33,615,858) (4,773,454) (60,415,291) 3,383,535 (57,031,756) |
Reporting Entity - Additional I
Reporting Entity - Additional Information (Detail) € in Thousands, $ in Thousands | 12 Months Ended | ||||
Aug. 26, 2015 EUR (€) | Jul. 30, 2009 | Apr. 30, 2009 EUR (€) | Apr. 27, 1998 USD ($) | Dec. 31, 2022 item Vote | |
Disclosure of Description Of Reporting Entity [line items] | |||||
Percentage of treasury share 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 | 25 years | ||||
Consideration paid for acquiring license | $ | $ 500,000 | ||||
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 | 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 | 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 Significant Accounting Policies - Additional Information (Detail) - TRY (₺) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of basis of preparation and summary of significant accounting policies [line items] | |||
Salary calculation period | 30 days | ||
Maximum lump-sum payment | ₺ 13,600 | ₺ 15,400 | ₺ 13,600 |
Discount rate used for calculating employee termination benefit | 2.90% | 0.60% | 2.90% |
Current receivables reclassified as due from related parties | |||
Disclosure of basis of preparation and summary of significant accounting policies [line items] | |||
Amount of reclassifications or changes in presentation | ₺ 49,404,000 | ||
Ministry of Transport and Infrastructure of Turkiye | |||
Disclosure of basis of preparation and summary of significant accounting policies [line items] | |||
Revenue from operations | ₺ 243,079,000 | ₺ 497,219,000 |
Basis of Preparation and Summ_5
Basis of Preparation and Summary of Significant Accounting Policies - Evolution of CPI (Details) - Turkiye | 12 Months Ended | 24 Months Ended | 36 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2022 | |
Hyperinflation | ||||||
Annual Index | 1,128.45 | 686.95 | 504.81 | 440.50 | 686.95 | 1,128.45 |
Average index | 967.71 | 561.61 | 469.59 | 418.24 | ||
Inflation rate | 64.30% | 36.10% | 14.60% | 55.90% | 156.20% |
Basis of Preparation and Summ_6
Basis of Preparation and Summary of Significant Accounting Policies - Disclosure of Estimated Useful Lives (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
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 Significant Accounting Policies - Disclosure of Estimated Useful Lives for Intangible Asset (Detail) | 12 Months Ended | |||
Aug. 26, 2015 | Jul. 30, 2009 | Apr. 27, 1998 | Dec. 31, 2022 | |
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 | 25 years | |||
Turkcell 3G license [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Effective period of license | 20 years | |||
Turkcell 4.5G license [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Effective period of license | 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 Significant Accounting Policies - Disclosure of Estimated Useful Lives for Investment Properties (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
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 |
Basis of Preparation and Summ_9
Basis of Preparation and Summary of Significant Accounting Policies - Developments regarding the operations in Ukraine (Detail) - Ukraine [member] ₺ in Thousands | 12 Months Ended |
Dec. 31, 2022 TRY (₺) | |
Disclosure of geographical areas [line items] | |
Percentage of net sales | 7.80% |
Percentage of non-current assets | 8% |
Percentage of average stores open | 92% |
Network and other equipment, period of non-operation for impairment | 92 days |
Impairment loss recognized | ₺ 214,210 |
Business Combinations - Additio
Business Combinations - Additional information (Details) ₺ in Thousands, $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | 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 | ₺ 151,553 | ||
Cash to be paid | $ 500 | ₺ 5,380 | ||
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 | ₺ 156,933 | |
Cash consideration amount | $ 10,972 | 151,553 |
Contingent and deferred consideration amount | $ 500 | 5,380 |
Net assets acquired | (140,093) | |
Goodwill (Note 13) | ₺ 16,840 |
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 | ₺ 9,127 |
Other current assets | 9,424 |
Property, plant and equipment (Note 12) | 208,098 |
Intangible assets (Note 13) | 366,167 |
Other non-current assets | 273 |
Borrowings | (249,512) |
Trade and other payables | (12,943) |
Due to related parties | (4,123) |
Provisions | (61) |
Employee benefit obligations | (126) |
Deferred tax liabilities recognised as of acquisition date | (80,090) |
Other liabilities | (106,141) |
Fair value of total identifiable net assets (100%) | ₺ 140,093 |
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) | ₺ 142,426 | |
Boyut Enerji | ||
Disclosure of detailed information about business combination [line items] | ||
Total consideration - cash | ₺ 151,553 | |
Cash and cash equivalents - acquired | (9,127) | |
Cash outflow due to acquisition (net) | ₺ 142,426 |
Financial Risk Management - Add
Financial Risk Management - Additional Information (Detail) ₺ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 TRY (₺) | |
Statement [line items] | |||
Guarantees outstanding | ₺ | ₺ 3,952,782 | ₺ 6,430,010 | |
Demand deposits | ₺ | ₺ 2,184,052 | ₺ 5,002,305 | |
Floating rate debt [member] | |||
Statement [line items] | |||
Nominal amount | $ 236,361 | ||
Borrowings interest rate basis | 6-month USD LIBOR | ||
Floating rate debt [member] | Participating cross currency swap contracts [member] | |||
Statement [line items] | |||
Nominal amount | 294,075 | ||
Floating rate debt [member] | Participating cross currency swap contracts [member] | Cash flow hedges [member] | |||
Statement [line items] | |||
Nominal amount | $ 194,837 |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Revenue | ₺ 61,544,274 | ₺ 70,560,996 | ₺ 69,502,765 |
Profit for the year | 4,174,749 | 4,330,581 | 4,508,466 |
Income tax expense | (1,615,297) | 572,320 | 919,742 |
Finance income | (2,488,913) | (7,020,529) | (5,266,058) |
Finance costs | 7,630,882 | 13,369,520 | 8,274,974 |
Other income | (231,013) | (227,604) | (140,944) |
Other expenses | 902,726 | 1,234,219 | 1,657,083 |
Monetary (gain) loss | (4,713,822) | (2,915,848) | 534,673 |
Depreciation and amortization | 21,597,374 | 20,575,152 | 18,758,198 |
Share of profit/(loss) of equity accounted investees | (316,934) | (116,101) | 20,934 |
Adjusted EBITDA | 24,939,752 | 29,801,710 | 29,267,068 |
IFRS 9 impairment loss provision | (408,705) | (522,502) | (845,751) |
Turkcell Turkiye segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 47,056,642 | 54,273,614 | 54,477,094 |
Turkcell International segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 6,284,777 | 6,102,253 | 5,524,154 |
Techfin segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,990,946 | 2,031,936 | 2,009,350 |
All other segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 6,211,909 | 8,153,193 | 7,492,167 |
Operating segments [member] | Turkcell Turkiye segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 47,308,592 | 54,625,847 | 54,799,961 |
Adjusted EBITDA | 19,888,347 | 24,770,715 | 24,725,401 |
IFRS 9 impairment loss provision | (338,375) | (487,677) | (714,207) |
Operating segments [member] | Turkcell International segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 6,429,763 | 6,271,017 | 5,722,387 |
Adjusted EBITDA | 3,263,535 | 3,047,283 | 2,628,467 |
IFRS 9 impairment loss provision | (34,265) | (13,679) | (6,764) |
Operating segments [member] | Techfin segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 2,151,676 | 2,154,951 | 2,042,264 |
Adjusted EBITDA | 1,061,780 | 1,286,400 | 1,243,799 |
IFRS 9 impairment loss provision | (34,799) | (19,282) | (123,483) |
Operating segments [member] | All other segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 8,228,583 | 9,573,927 | 8,627,817 |
Adjusted EBITDA | 787,953 | 792,538 | 788,500 |
IFRS 9 impairment loss provision | (1,266) | (1,864) | (1,297) |
Intersegment eliminations [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (2,574,340) | (2,064,746) | (1,689,664) |
Adjusted EBITDA | (61,863) | (95,226) | (119,099) |
Intersegment eliminations [member] | Turkcell Turkiye segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (251,950) | (352,233) | (322,867) |
Intersegment eliminations [member] | Turkcell International segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (144,986) | (168,764) | (198,233) |
Intersegment eliminations [member] | Techfin segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (160,730) | (123,015) | (32,914) |
Intersegment eliminations [member] | All other segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | ₺ (2,016,674) | ₺ (1,420,734) | ₺ (1,135,650) |
Segment Information - Summary o
Segment Information - Summary of Geographical Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of geographical areas [line items] | |||
Revenue | ₺ 61,544,274 | ₺ 70,560,996 | ₺ 69,502,765 |
Non-current assets | 95,693,262 | 102,732,108 | 95,141,701 |
Turkiye | |||
Disclosure of geographical areas [line items] | |||
Revenue | 55,259,493 | 64,458,713 | 63,976,147 |
Non-current assets | 85,880,431 | 88,359,223 | 84,384,532 |
Ukraine [member] | |||
Disclosure of geographical areas [line items] | |||
Revenue | 4,807,505 | 4,652,353 | 4,025,909 |
Non-current assets | 7,678,128 | 12,745,754 | 9,076,810 |
Belarus [member] | |||
Disclosure of geographical areas [line items] | |||
Revenue | 934,675 | 834,964 | 883,793 |
Non-current assets | 746,265 | 810,199 | 592,076 |
Turkish Republic of Northern Cyprus [member] | |||
Disclosure of geographical areas [line items] | |||
Revenue | 518,935 | 582,418 | 550,844 |
Non-current assets | 987,144 | 724,345 | 745,661 |
Netherlands [member] | |||
Disclosure of geographical areas [line items] | |||
Revenue | 23,666 | 32,548 | 64,521 |
Germany [member] | |||
Disclosure of geographical areas [line items] | |||
Revenue | 1,551 | ||
Unallocated amounts [member] | |||
Disclosure of geographical areas [line items] | |||
Non-current assets | ₺ 401,294 | ₺ 92,587 | ₺ 342,622 |
Revenue - Summary of Revenue (D
Revenue - Summary of Revenue (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of revenue [line items] | |||
Telecommunication Services | ₺ 50,507,785 | ₺ 57,447,750 | ₺ 57,075,559 |
Equipment revenues | 6,807,269 | 8,376,337 | 7,931,214 |
Revenue from financial services | 1,990,946 | 2,031,925 | 2,009,350 |
Call center revenues | 936,496 | 1,133,840 | 1,034,013 |
Other | 1,301,778 | 1,571,144 | 1,452,629 |
Total revenue | 61,544,274 | 70,560,996 | 69,502,765 |
Turkcell Turkiye segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 47,056,642 | 54,273,614 | 54,477,094 |
Turkcell International segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 6,284,777 | 6,102,253 | 5,524,154 |
Techfin segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 1,990,946 | 2,031,936 | 2,009,350 |
All other segments [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 6,211,909 | 8,153,193 | 7,492,167 |
Operating segments [member] | Turkcell Turkiye segment [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 44,543,684 | 51,769,147 | 52,039,191 |
Equipment revenues | 2,499,908 | 2,495,278 | 2,415,492 |
Call center revenues | 103,132 | 93,157 | 82,888 |
Other | 161,868 | 268,265 | 262,390 |
Total revenue | 47,308,592 | 54,625,847 | 54,799,961 |
Operating segments [member] | Turkcell International segment [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 6,067,959 | 5,806,576 | 5,174,308 |
Equipment revenues | 151,310 | 217,483 | 280,218 |
Call center revenues | 46,262 | 78,948 | 77,269 |
Other | 164,232 | 168,010 | 190,592 |
Total revenue | 6,429,763 | 6,271,017 | 5,722,387 |
Operating segments [member] | Techfin segment [member] | |||
Disclosure of revenue [line items] | |||
Revenue from financial services | 2,151,676 | 2,154,951 | 2,042,264 |
Total revenue | 2,151,676 | 2,154,951 | 2,042,264 |
Operating segments [member] | All other segments [member] | |||
Disclosure of revenue [line items] | |||
Equipment revenues | 4,179,573 | 5,763,575 | 5,284,622 |
Call center revenues | 901,561 | 1,086,174 | 997,013 |
Other | 3,147,449 | 2,724,178 | 2,346,182 |
Total revenue | 8,228,583 | 9,573,927 | 8,627,817 |
Intersegment eliminations [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | (103,858) | (127,973) | (137,940) |
Equipment revenues | (23,522) | (99,999) | (49,118) |
Revenue from financial services | (160,730) | (123,026) | (32,914) |
Call center revenues | (114,459) | (124,439) | (123,157) |
Other | (2,171,771) | (1,589,309) | (1,346,535) |
Total revenue | (2,574,340) | (2,064,746) | (1,689,664) |
Intersegment eliminations [member] | Turkcell Turkiye segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | (251,950) | (352,233) | (322,867) |
Intersegment eliminations [member] | Turkcell International segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | (144,986) | (168,764) | (198,233) |
Intersegment eliminations [member] | Techfin segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | (160,730) | (123,015) | (32,914) |
Intersegment eliminations [member] | All other segments [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | ₺ (2,016,674) | ₺ (1,420,734) | ₺ (1,135,650) |
Revenue - Summary of Revenues b
Revenue - Summary of Revenues by Recognition (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of revenue [line items] | |||
Telecommunication Services | ₺ 50,507,785 | ₺ 57,447,750 | ₺ 57,075,559 |
Equipment revenues | 6,807,269 | 8,376,337 | 7,931,214 |
Revenue from financial operation | 1,990,946 | 2,031,925 | 2,009,350 |
Call Center revenues | 936,496 | 1,133,840 | 1,034,013 |
Other | 1,301,778 | 1,571,144 | 1,452,629 |
Total revenue | 61,544,274 | 70,560,996 | 69,502,765 |
Goods or services transferred at point in time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 430,519 | 566,691 | 655,816 |
Equipment revenues | 6,538,943 | 7,903,676 | 7,713,766 |
Revenue from financial operation | 823,506 | 720,331 | 552,641 |
Other | 46,334 | 97,665 | 138,230 |
Total revenue | 7,839,302 | 9,288,363 | 9,060,453 |
Goods or services transferred over time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 50,077,266 | 56,881,059 | 56,419,743 |
Equipment revenues | 268,326 | 472,661 | 217,448 |
Revenue from financial operation | 1,167,440 | 1,311,594 | 1,456,709 |
Call Center revenues | 936,496 | 1,133,840 | 1,034,013 |
Other | 1,255,444 | 1,473,479 | 1,314,399 |
Total revenue | 53,704,972 | 61,272,633 | 60,442,312 |
Turkcell Turkiye segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 47,056,642 | 54,273,614 | 54,477,094 |
Turkcell International segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 6,284,777 | 6,102,253 | 5,524,154 |
Techfin segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 1,990,946 | 2,031,936 | 2,009,350 |
All other segments [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | 6,211,909 | 8,153,193 | 7,492,167 |
Operating segments [member] | Turkcell Turkiye segment [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 44,543,684 | 51,769,147 | 52,039,191 |
Equipment revenues | 2,499,908 | 2,495,278 | 2,415,492 |
Call Center revenues | 103,132 | 93,157 | 82,888 |
Other | 161,868 | 268,265 | 262,390 |
Total revenue | 47,308,592 | 54,625,847 | 54,799,961 |
Operating segments [member] | Turkcell Turkiye segment [member] | Goods or services transferred at point in time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 383,020 | 523,843 | 622,685 |
Equipment revenues | 2,231,582 | 2,022,617 | 2,198,044 |
Other | 7,188 | 11,256 | 22 |
Total revenue | 2,621,790 | 2,557,716 | 2,820,751 |
Operating segments [member] | Turkcell Turkiye segment [member] | Goods or services transferred over time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 44,160,664 | 51,245,304 | 51,416,506 |
Equipment revenues | 268,326 | 472,661 | 217,448 |
Call Center revenues | 103,132 | 93,157 | 82,888 |
Other | 154,680 | 257,009 | 262,368 |
Total revenue | 44,686,802 | 52,068,131 | 51,979,210 |
Operating segments [member] | Turkcell International segment [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 6,067,959 | 5,806,576 | 5,174,308 |
Equipment revenues | 151,310 | 217,483 | 280,218 |
Call Center revenues | 46,262 | 78,948 | 77,269 |
Other | 164,232 | 168,010 | 190,592 |
Total revenue | 6,429,763 | 6,271,017 | 5,722,387 |
Operating segments [member] | Turkcell International segment [member] | Goods or services transferred at point in time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 47,884 | 42,850 | 33,131 |
Equipment revenues | 151,310 | 217,483 | 280,218 |
Other | 4,077 | 577 | 20,414 |
Total revenue | 203,271 | 260,910 | 333,763 |
Operating segments [member] | Turkcell International segment [member] | Goods or services transferred over time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | 6,020,075 | 5,763,726 | 5,141,177 |
Call Center revenues | 46,262 | 78,948 | 77,269 |
Other | 160,155 | 167,433 | 170,178 |
Total revenue | 6,226,492 | 6,010,107 | 5,388,624 |
Operating segments [member] | Techfin segment [member] | |||
Disclosure of revenue [line items] | |||
Revenue from financial operation | 2,151,676 | 2,154,951 | 2,042,264 |
Total revenue | 2,151,676 | 2,154,951 | 2,042,264 |
Operating segments [member] | Techfin segment [member] | Goods or services transferred at point in time [member] | |||
Disclosure of revenue [line items] | |||
Revenue from financial operation | 984,232 | 843,357 | 585,555 |
Total revenue | 984,232 | 843,357 | 585,555 |
Operating segments [member] | Techfin segment [member] | Goods or services transferred over time [member] | |||
Disclosure of revenue [line items] | |||
Revenue from financial operation | 1,167,444 | 1,311,594 | 1,456,709 |
Total revenue | 1,167,444 | 1,311,594 | 1,456,709 |
Operating segments [member] | All other segments [member] | |||
Disclosure of revenue [line items] | |||
Equipment revenues | 4,179,573 | 5,763,575 | 5,284,622 |
Call Center revenues | 901,561 | 1,086,174 | 997,013 |
Other | 3,147,449 | 2,724,178 | 2,346,182 |
Total revenue | 8,228,583 | 9,573,927 | 8,627,817 |
Operating segments [member] | All other segments [member] | Goods or services transferred at point in time [member] | |||
Disclosure of revenue [line items] | |||
Equipment revenues | 4,179,573 | 5,763,575 | 5,284,622 |
Other | 55,589 | 91,866 | 127,534 |
Total revenue | 4,235,162 | 5,855,441 | 5,412,156 |
Operating segments [member] | All other segments [member] | Goods or services transferred over time [member] | |||
Disclosure of revenue [line items] | |||
Call Center revenues | 901,561 | 1,086,174 | 997,013 |
Other | 3,091,860 | 2,632,312 | 2,218,648 |
Total revenue | 3,993,421 | 3,718,486 | 3,215,661 |
Intersegment eliminations [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | (103,858) | (127,973) | (137,940) |
Equipment revenues | (23,522) | (99,999) | (49,118) |
Revenue from financial operation | (160,730) | (123,026) | (32,914) |
Call Center revenues | (114,459) | (124,439) | (123,157) |
Other | (2,171,771) | (1,589,309) | (1,346,535) |
Total revenue | (2,574,340) | (2,064,746) | (1,689,664) |
Intersegment eliminations [member] | Goods or services transferred at point in time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | (385) | (2) | |
Equipment revenues | (23,522) | (99,999) | (49,118) |
Revenue from financial operation | (160,726) | (123,026) | (32,914) |
Other | (20,520) | (6,034) | (9,740) |
Total revenue | (205,153) | (229,061) | (91,772) |
Intersegment eliminations [member] | Goods or services transferred over time [member] | |||
Disclosure of revenue [line items] | |||
Telecommunication Services | (103,473) | (127,971) | (137,940) |
Revenue from financial operation | (4) | ||
Call Center revenues | (114,459) | (124,439) | (123,157) |
Other | (2,151,251) | (1,583,275) | (1,336,795) |
Total revenue | (2,369,187) | (1,835,685) | (1,597,892) |
Intersegment eliminations [member] | Turkcell Turkiye segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | (251,950) | (352,233) | (322,867) |
Intersegment eliminations [member] | Turkcell International segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | (144,986) | (168,764) | (198,233) |
Intersegment eliminations [member] | Techfin segment [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | (160,730) | (123,015) | (32,914) |
Intersegment eliminations [member] | All other segments [member] | |||
Disclosure of revenue [line items] | |||
Total revenue | ₺ (2,016,674) | ₺ (1,420,734) | ₺ (1,135,650) |
Other Income and Expense - Addi
Other Income and Expense - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Text block [abstract] | |||
Share Income | ₺ 63,440 | ₺ 84,803 | ₺ 16,047 |
Rent income | 23,511 | 22,668 | 21,136 |
Non-interest income from banks | 10,435 | 17,030 | 21,335 |
Other | 133,627 | 103,103 | 82,426 |
Other income | 231,013 | 227,604 | 140,944 |
Revaluation tax expense | (259,070) | (277,184) | |
Donation expenses | (168,723) | (168,997) | |
Litigation expenses | (139,101) | (667,297) | (898,074) |
Loss on modification of lease contract | (104,634) | (89,796) | (27,091) |
Loss on sale of fixed assets | (22,714) | 57,506 | (187,762) |
Restructuring cost | (8,383) | (10,951) | (31,966) |
Supplementary contributions to retailers | (3,026) | (7,079) | (108,948) |
Subscriber returns | (54,405) | ||
Other | (197,075) | (70,421) | (348,837) |
Other expense | ₺ (902,726) | ₺ (1,234,219) | ₺ (1,657,083) |
Tax rate on revaluation of properties and depreciable economic assets | 2% |
Employee Benefit Expenses - Sum
Employee Benefit Expenses - Summary of Employee Benefit Expenses (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Employee Benefit Expenses [abstract] | |||
Wages and salaries | ₺ 6,319,471 | ₺ 6,795,403 | ₺ 6,681,680 |
Employee termination benefits | 84,262 | 99,102 | 91,099 |
Defined contribution plans | 64,309 | 66,401 | 70,379 |
Employee benefit expenses | ₺ 6,468,042 | ₺ 6,960,906 | ₺ 6,843,158 |
Employee Benefit Expenses - S_2
Employee Benefit Expenses - Summary of Employee Benefit Expenses Detail (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Employee Benefit Expenses [abstract] | |||
Remeasurements of employee termination benefit gains/losses | ₺ 1,107,508 | ₺ 328,711 | ₺ 117,779 |
Finance Income and Costs - Summ
Finance Income and Costs - Summary of Finance Income and Costs (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Finance Income And Costs [abstract] | |||
Interest income | ₺ 1,377,562 | ₺ 1,366,532 | ₺ 859,995 |
Currency protected time deposit | 1,055,227 | ||
Cash flow hedges - reclassified to profit or loss | 3,539,243 | 3,363,094 | |
Net fair value gains on derivative financial instruments and interest | 2,040,291 | 986,699 | |
Other | 56,124 | 74,463 | 56,270 |
Finance income | 2,488,913 | 7,020,529 | 5,266,058 |
Net foreign exchange losses | (4,287,397) | (11,189,399) | (6,126,969) |
Net interest expenses for financial assets and liabilities measured at amortized cost | (3,018,800) | (2,116,574) | (2,078,171) |
Net fair value losses on derivative financial instruments and interest | (3,993,810) | ||
Cash flow hedges - reclassified to profit or loss | 3,795,332 | ||
Other | (126,207) | (63,547) | (69,834) |
Finance costs | (7,630,882) | (13,369,520) | (8,274,974) |
Monetary gain (loss) | 4,713,822 | 2,915,848 | (534,673) |
Net finance costs / income | (428,147) | (3,433,143) | (3,543,589) |
Interest income on financial assets at amortized cost | 750,574 | 786,166 | 675,150 |
Interest expense on financial assets at amortized cost | (3,769,374) | (2,902,741) | (2,753,321) |
Gross foreign exchange gains | 9,651,689 | 17,135,545 | 6,010,064 |
Gross foreign exchange losses | ₺ (13,939,086) | ₺ (28,324,944) | ₺ (12,137,033) |
Income Tax Expense - Summary of
Income Tax Expense - Summary of Income Tax Expense (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Major components of tax expense (income) [abstract] | |||
Current income tax expense | ₺ (532,112) | ₺ (1,180,331) | ₺ (1,737,951) |
Deferred income tax expense | 2,147,409 | 608,011 | 818,209 |
Total income tax expense | ₺ 1,615,297 | ₺ (572,320) | ₺ (919,742) |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Major components of tax expense (income) [abstract] | |||
Foreign currency translation differences | ₺ (454,364) | ₺ 4,348,030 | ₺ 602,969 |
Change in cash flow hedge reserve | 1,387,863 | 599,593 | 121,188 |
Change in cost of hedging reserve | (1,317,371) | (2,354,211) | (1,168,074) |
Fair value reserve | (74,041) | (116,813) | (6,363) |
Hedges of net investments in foreign operations | (316,150) | (2,358,725) | (810,674) |
Remeasurements of employee termination benefits | (1,107,508) | (328,711) | (117,779) |
Total, Before tax | (1,881,571) | (210,837) | (1,378,733) |
Foreign currency translation differences | (538,429) | (1,414,596) | 17,277 |
Change in cash flow hedge reserve | (54,521) | (52,780) | (10,301) |
Change in cost of hedging reserve | 263,474 | 470,843 | 220,269 |
Fair value reserve | 21,841 | 23,162 | 1,245 |
Hedges of net investments in foreign operations | 267,116 | 511,987 | 162,477 |
Remeasurements of employee termination benefits | 220,835 | 65,798 | 23,452 |
Total, Tax (expense)/benefit | 180,316 | (395,586) | 414,419 |
Foreign currency translation differences | (992,793) | 2,933,434 | 620,246 |
Change in cash flow hedge reserve | 1,333,342 | 546,813 | 110,887 |
Change in cost of hedging reserve | (1,053,897) | (1,883,368) | (947,805) |
Fair value reserve | (52,200) | (93,651) | (5,118) |
Hedges of net investments in foreign operations | (49,034) | (1,846,738) | (648,197) |
Remeasurements of employee termination benefits | (886,673) | (262,913) | (94,327) |
Other comprehensive income/(loss) for the year, net of income tax | ₺ (1,701,255) | ₺ (606,423) | ₺ (964,314) |
Income Tax Expense - Summary _3
Income Tax Expense - Summary of Reconciliation of Effective Income Tax Expense (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||
Profit (loss) before tax | ₺ 2,559,452 | ₺ 4,902,901 | ₺ 5,428,208 |
Tax at the Turkiye's tax rate | (588,674) | (1,225,726) | (1,194,206) |
Difference in overseas tax rates | 119,988 | 25,863 | (7,971) |
Effect of exemptions | 754,032 | 361,465 | 226,745 |
Previously unrecognized tax losses used to reduce deferred tax expense | 1,488,420 | ||
Utilization of previously unrecognized tax losses | 15,080 | ||
Effect of amounts which are not deductible and permanent differences | (237,579) | (748,345) | (278,604) |
Change in unrecognized deferred tax assets | (333,765) | (17,970) | (47,094) |
Adjustments for current tax of prior years | 9,684 | (8,402) | 62,457 |
Effect of increase in corporate tax rate in Turkiye | 235,539 | 430,575 | |
Tax effect of investment in associate and joint venture | (47,467) | (17,436) | (5,852) |
Inflation adjustment | 1,705,480 | 624,162 | (1,181,611) |
Other | (1,941) | 3,494 | 2,894 |
Total income tax expense | ₺ 1,615,297 | ₺ (572,320) | ₺ (919,742) |
Income Tax Expense - Summary _4
Income Tax Expense - Summary of Reconciliation of Effective Income Tax Expenses (Detail) ₺ in Thousands | 12 Months Ended |
Dec. 31, 2020 TRY (₺) | |
Summary of Reconciliation of Effective Income Tax Expense [Line Items] | |
Previously unrecognized tax losses used to reduce deferred tax expense | ₺ 1,488,420 |
Lifecell | |
Summary of Reconciliation of Effective Income Tax Expense [Line Items] | |
Previously unrecognized tax losses used to reduce deferred tax expense | ₺ 1,488,420 |
Income Tax Expense - Additional
Income Tax Expense - Additional information (Detail) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Major components of tax expense (income) [abstract] | ||||
Corporate tax rate | 20% | 23% | 25% | 20% |
Corporate tax rate for pension companies | 25% | |||
Allowed Percentage deduction of research and development expenses | 100% | |||
Dividend payments, withholding tax | 10% | |||
Tax exception minimum hold period from sale of founding shares, redeemed shares and priority rights | 2 years | |||
Percentage of the profits arising from sale of founding shares, redeemed shares and priority rights held by entities for corporate tax exception. | 75% | |||
Tax exception minimum withhold period from sale of immovable properties | 2 years | |||
Percentage of profits arising from sale of immovable properties included in assets entities for corporate tax exception | 50% | |||
Minimum term for profits recorded under passive fund account without withdrawal for tax exception | 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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Attribution of expenses by nature to their function | |||
Depreciation and amortization | ₺ (21,597,374) | ₺ (20,575,152) | ₺ (18,758,198) |
Employee benefit expenses | (6,468,042) | (6,960,906) | (6,843,158) |
Cost of revenue | |||
Attribution of expenses by nature to their function | |||
Depreciation and amortization | (21,597,374) | (20,575,152) | (18,758,198) |
Cost of goods sold | (6,693,344) | (8,584,046) | (8,075,167) |
Share of Turkish Treasury | (4,728,050) | (5,657,992) | (5,810,224) |
Employee benefit expenses | (3,815,409) | (4,195,473) | (4,167,385) |
Interconnection and termination expenses | (3,686,961) | (5,059,269) | (5,334,096) |
Radio expenses | (3,321,977) | (2,338,402) | (2,180,061) |
Frequency expenses | (1,732,796) | (2,074,047) | (2,131,291) |
Transmission expenses | (944,252) | (1,020,740) | (1,022,287) |
Roaming expenses | (700,366) | (648,512) | (509,777) |
Universal service fund | (658,658) | (778,671) | (794,008) |
Cost of revenue from financial services | (646,675) | (444,372) | (325,060) |
Maintenance and repair expenses | (466,780) | (522,772) | (477,561) |
Datacenter expenses | (398,871) | (136,566) | (120,423) |
Utility expenses | (290,733) | (160,877) | (150,456) |
Others | (3,331,159) | (3,379,584) | (3,255,699) |
Operating expense | (53,013,405) | (55,576,475) | (53,111,693) |
Cost of revenue from financial services | |||
Attribution of expenses by nature to their function | |||
Depreciation and amortization | (154,579) | (164,274) | (110,712) |
Employee benefit expenses | ₺ (80,284) | ₺ (62,841) | ₺ (43,427) |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Attribution of expenses by nature to their function | |||
Employee benefit expenses | ₺ (6,468,042) | ₺ (6,960,906) | ₺ (6,843,158) |
Selling and marketing expenses | |||
Attribution of expenses by nature to their function | |||
Employee benefit expenses | (1,415,584) | (1,511,353) | (1,498,301) |
Marketing expense | (1,171,048) | (1,429,118) | (1,213,753) |
Selling expense | (261,070) | (318,709) | (412,084) |
Others | (209,546) | (206,342) | (136,171) |
Operating expense | ₺ (3,057,248) | ₺ (3,465,522) | ₺ (3,260,309) |
Expenses by Nature - Summary _3
Expenses by Nature - Summary of Expenses by Nature Administrative Expenses (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Attribution of expenses by nature to their function | |||
Employee benefit expenses | ₺ (6,468,042) | ₺ (6,960,906) | ₺ (6,843,158) |
Administrative expenses | |||
Attribution of expenses by nature to their function | |||
Employee benefit expenses | (1,156,765) | (1,191,239) | (1,134,045) |
Consultancy expenses | (141,233) | (177,743) | (126,092) |
Service expenses | (92,798) | (86,289) | (139,431) |
Maintenance and repair expenses | (55,217) | (54,160) | (48,960) |
Collection expenses | (54,646) | (75,178) | (124,013) |
Travel and entertainment expenses | (39,252) | (32,921) | (40,394) |
Utility expenses | (28,409) | (18,452) | (20,143) |
Others | (154,218) | (133,957) | (143,064) |
Operating expense | ₺ (1,722,538) | ₺ (1,769,939) | ₺ (1,776,142) |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Attribution of expenses by nature to their function | |||
Net impairment losses on financial and contract assets | ₺ (408,705) | ₺ (522,502) | ₺ (845,751) |
Net impairment losses on financial and contract assets | |||
Attribution of expenses by nature to their function | |||
Net impairment losses on financial and contract assets | (408,705) | (522,502) | (845,751) |
Operating expense | ₺ (408,705) | ₺ (522,502) | ₺ (845,751) |
Property, Plant and Equipment -
Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | ₺ 46,281,142 | ₺ 43,240,847 | |
Additions net of depreciation | 372,416 | 2,448,870 | |
Disposals | (664,294) | (333,121) | |
Transfers | (2,634) | ||
Acquisitions through business combination | 208,098 | ||
Impairment (expenses)/reversals | (185,649) | (19,155) | ₺ (10,289) |
Transfer to investment property | (71,762) | (12,733) | |
Effects of movements in exchange rates | (2,342,201) | 750,970 | |
Balance at end of year | 43,389,652 | 46,281,142 | 43,240,847 |
Gross Carrying Amount | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 132,056,392 | 118,673,282 | |
Additions | 9,475,787 | 11,044,300 | |
Disposals | (2,320,524) | (1,988,045) | |
Transfers | (2,634) | ||
Acquisitions through business combination | 208,098 | ||
Impairment (expenses)/reversals | 7,053 | ||
Transfer to investment property | (515,515) | (73,731) | |
Effects of movements in exchange rates | (6,245,340) | 4,195,122 | |
Balance at end of year | 132,457,853 | 132,056,392 | 118,673,282 |
Gross Carrying Amount | Network infrastructure [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 114,220,373 | 101,348,763 | |
Additions | 3,675,139 | 3,374,245 | |
Disposals | (1,948,331) | (1,563,970) | |
Transfers | 4,255,134 | 6,934,280 | |
Effects of movements in exchange rates | (5,576,761) | 4,127,055 | |
Balance at end of year | 114,625,554 | 114,220,373 | 101,348,763 |
Gross Carrying Amount | Land and buildings [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 6,511,811 | 6,301,550 | |
Additions | 336,763 | 258,509 | |
Disposals | (1,848) | (192,151) | |
Transfers | 2,118 | 342,969 | |
Transfer to investment property | (515,515) | (73,731) | |
Effects of movements in exchange rates | (262,453) | (125,335) | |
Balance at end of year | 6,070,876 | 6,511,811 | 6,301,550 |
Gross Carrying Amount | Equipment, fixtures and fittings [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 6,653,267 | 6,363,251 | |
Additions | 715,369 | 348,012 | |
Disposals | (309,541) | (75,329) | |
Transfers | 69,811 | 69,642 | |
Acquisitions through business combination | 56 | ||
Effects of movements in exchange rates | (269,645) | (52,365) | |
Balance at end of year | 6,859,261 | 6,653,267 | 6,363,251 |
Gross Carrying Amount | Motor vehicles [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 110,845 | 110,320 | |
Additions | 4,391 | ||
Disposals | (1,305) | (10,016) | |
Transfers | 569 | ||
Acquisitions through business combination | 312 | ||
Effects of movements in exchange rates | (4,876) | 5,838 | |
Balance at end of year | 105,233 | 110,845 | 110,320 |
Gross Carrying Amount | Leasehold improvements [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 2,275,641 | 2,379,493 | |
Additions | 29,313 | 17,932 | |
Disposals | (22,887) | (133,088) | |
Transfers | 646 | 897 | |
Effects of movements in exchange rates | (12,056) | 10,407 | |
Balance at end of year | 2,270,657 | 2,275,641 | 2,379,493 |
Gross Carrying Amount | Electricity production power plant [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 207,730 | ||
Acquisitions through business combination | 207,730 | ||
Balance at end of year | 207,730 | 207,730 | |
Gross Carrying Amount | Construction in progress [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 2,076,725 | 2,169,905 | |
Additions | 4,719,203 | 7,041,211 | |
Disposals | (36,612) | (13,491) | |
Transfers | (4,328,278) | (7,350,422) | |
Impairment (expenses)/reversals | 7,053 | ||
Effects of movements in exchange rates | (119,549) | 229,522 | |
Balance at end of year | 2,318,542 | 2,076,725 | 2,169,905 |
Accumulated depreciation, amortization and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | (85,775,250) | (75,432,435) | |
Additions - depreciation | (9,103,371) | (8,595,430) | |
Disposals | 1,656,230 | 1,654,924 | |
Impairment (expenses)/reversals | (192,702) | (19,155) | |
Transfer to investment property | 443,753 | 60,998 | |
Effects of movements in exchange rates | 3,903,139 | (3,444,152) | |
Balance at end of year | (89,068,201) | (85,775,250) | (75,432,435) |
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 | (75,734,431) | (65,984,505) | |
Additions - depreciation | (7,786,214) | (7,472,739) | |
Disposals | 1,406,732 | 1,393,279 | |
Impairment (expenses)/reversals | (184,488) | (19,155) | |
Effects of movements in exchange rates | 3,335,082 | (3,651,311) | |
Balance at end of year | (78,963,319) | (75,734,431) | (65,984,505) |
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 | (1,543,428) | (1,589,022) | |
Additions - depreciation | (231,593) | (197,383) | |
Disposals | 59,132 | ||
Impairment (expenses)/reversals | (211) | ||
Transfer to investment property | 443,753 | 60,998 | |
Effects of movements in exchange rates | 128,666 | 122,847 | |
Balance at end of year | (1,202,813) | (1,543,428) | (1,589,022) |
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 | (6,329,636) | (5,600,830) | |
Additions - depreciation | (1,049,719) | (891,642) | |
Disposals | 226,088 | 64,018 | |
Impairment (expenses)/reversals | (7,978) | ||
Effects of movements in exchange rates | 426,069 | 98,818 | |
Balance at end of year | (6,735,176) | (6,329,636) | (5,600,830) |
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 | (97,040) | (91,980) | |
Additions - depreciation | (7,000) | (9,316) | |
Disposals | 1,307 | 10,016 | |
Effects of movements in exchange rates | 4,762 | (5,760) | |
Balance at end of year | (97,971) | (97,040) | (91,980) |
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 | (2,066,834) | (2,166,098) | |
Additions - depreciation | (18,390) | (20,469) | |
Disposals | 22,103 | 128,479 | |
Impairment (expenses)/reversals | (25) | ||
Effects of movements in exchange rates | 8,900 | (8,746) | |
Balance at end of year | (2,054,246) | (2,066,834) | ₺ (2,166,098) |
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 | (3,881) | ||
Additions - depreciation | (10,455) | (3,881) | |
Effects of movements in exchange rates | (340) | ||
Balance at end of year | ₺ (14,676) | ₺ (3,881) |
Property, Plant and Equipment_2
Property, Plant and Equipment - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |||
Depreciation expenses | ₺ 9,289,020 | ₺ 8,614,585 | ₺ 7,795,684 |
Impairment expenses/(reversals) | ₺ 185,649 | ₺ 19,155 | ₺ 10,289 |
Intangible Assets - Turkcell 2G
Intangible Assets - Turkcell 2G, 3G and 4.5G Licenses - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | ₺ 37,323,333 | ₺ 41,219,286 | ₺ 40,654,516 |
Turkcell 2G license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | 105,766 | 528,830 | |
Turkcell 3G license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | 1,652,079 | 1,927,424 | |
Turkcell 4.5G license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | ₺ 7,888,552 | ₺ 12,066,197 |
Intangible Assets - lifecell -
Intangible Assets - lifecell - Additional Information (Detail) ₺ in Thousands | Dec. 31, 2022 TRY (₺) item | Dec. 31, 2021 TRY (₺) | Dec. 31, 2020 TRY (₺) |
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | ₺ | ₺ 37,323,333 | ₺ 41,219,286 | ₺ 40,654,516 |
Lifecell | |||
Disclosure of detailed information about intangible assets [line items] | |||
Carrying amount of intangible asset | ₺ | ₺ 1,903,187 | ₺ 3,374,507 | |
Lifecell | Operation license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 9 | ||
Lifecell | 3G operation license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 1 | ||
Lifecell | License for international and long-distance calls [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 1 | ||
Lifecell | PSTN license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 7 | ||
Lifecell | Frequency use license [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 23 | ||
Lifecell | NDC codes for mobile networks [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 3 | ||
Lifecell | Permissions on number resource for short numbers [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 29 | ||
Lifecell | Permissions on number resource for SS-7 codes [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 10 | ||
Lifecell | Permissions on number resource for Mobile Network Codes [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 1 | ||
Lifecell | Permissions on number resource for local ranges [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 8 | ||
Lifecell | Permissions on service codes for alternative routing selection [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 2 | ||
Lifecell | Permissions on code for global telecommunication service [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 1 | ||
Lifecell | Regional [member] | Permissions on number resource for SS-7 codes [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 6 | ||
Lifecell | International [member] | Permissions on number resource for SS-7 codes [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of license owned | 4 |
Intangible Assets - Summary of
Intangible Assets - Summary of Intangible Assets and Goodwill (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | ₺ 41,219,286 | ₺ 40,654,516 |
Additions net of amortization | (2,649,020) | (966,963) |
Disposals | (38,234) | (21,855) |
Transfers | 2,634 | |
Impairment expenses/(reversals) | (52,021) | (390) |
Acquisition through business combinations | 383,007 | |
Effects of movements in exchange rates | (1,156,678) | 1,168,337 |
Balance at end of year | 37,323,333 | 41,219,286 |
Gross Carrying Amount | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 119,495,916 | 108,561,334 |
Additions | 6,768,565 | 8,153,855 |
Disposals | (274,183) | (242,721) |
Transfers | 2,634 | |
Acquisition through business combinations | 383,007 | |
Effects of movements in exchange rates | (1,910,374) | 2,637,807 |
Balance at end of year | 124,079,924 | 119,495,916 |
Gross Carrying Amount | Telecommunication licenses | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 44,537,194 | 42,990,656 |
Additions | 1,010 | 23,495 |
Disposals | (35,159) | (1,363) |
Transfers | 913 | 30 |
Effects of movements in exchange rates | (1,928,883) | 1,524,376 |
Balance at end of year | 42,575,075 | 44,537,194 |
Gross Carrying Amount | Computer software | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 54,337,016 | 49,011,971 |
Additions | 3,507,682 | 4,104,823 |
Disposals | (170,146) | (131,366) |
Transfers | 206,757 | 224,077 |
Effects of movements in exchange rates | 239,663 | 1,127,511 |
Balance at end of year | 58,120,972 | 54,337,016 |
Gross Carrying Amount | Transmission lines software [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 599,836 | 575,290 |
Additions | 675 | 1,460 |
Effects of movements in exchange rates | 25,034 | 23,086 |
Balance at end of year | 625,545 | 599,836 |
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 | 614,600 | 629,874 |
Disposals | (15,274) | |
Balance at end of year | 614,600 | 614,600 |
Gross Carrying Amount | Brand name [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 8,494 | 5,461 |
Additions | 371 | 877 |
Disposals | (331) | (79) |
Transfers | 75 | 972 |
Effects of movements in exchange rates | (1,756) | 1,263 |
Balance at end of year | 6,853 | 8,494 |
Gross Carrying Amount | Customer base [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 39,513 | 48,546 |
Effects of movements in exchange rates | (9,795) | (9,033) |
Balance at end of year | 29,718 | 39,513 |
Gross Carrying Amount | Goodwill [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 259,358 | 246,770 |
Acquisition through business combinations | 16,840 | |
Effects of movements in exchange rates | (4,611) | (4,252) |
Balance at end of year | 254,747 | 259,358 |
Gross Carrying Amount | Subscriber acquisition cost [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 17,982,122 | 14,408,912 |
Additions | 2,958,639 | 3,654,236 |
Disposals | (67,744) | (93,085) |
Effects of movements in exchange rates | (176,035) | 12,059 |
Balance at end of year | 20,696,982 | 17,982,122 |
Gross Carrying Amount | Electricity production license [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 472,366 | |
Acquisition through business combinations | 366,167 | |
Effects of movements in exchange rates | (41,549) | 106,199 |
Balance at end of year | 430,817 | 472,366 |
Gross Carrying Amount | Other intangible assets | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 568,085 | 585,130 |
Additions | 121,704 | 127,884 |
Disposals | (445) | |
Transfers | 4 | (751) |
Effects of movements in exchange rates | (10,802) | (144,178) |
Balance at end of year | 678,546 | 568,085 |
Gross Carrying Amount | Construction in progress | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | 77,332 | 58,724 |
Additions | 178,484 | 241,080 |
Disposals | (358) | (1,554) |
Transfers | (207,749) | (221,694) |
Effects of movements in exchange rates | (1,640) | 776 |
Balance at end of year | 46,069 | 77,332 |
Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Balance at beginning of year | (78,276,630) | (67,906,818) |
Additions - amortization | (9,417,585) | (9,120,819) |
Disposals | 235,949 | 220,866 |
Impairment expenses/(reversals) | (52,021) | (390) |
Effects of movements in exchange rates | 753,696 | (1,469,469) |
Balance at end of year | (86,756,591) | (78,276,630) |
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 | (26,744,794) | (23,535,770) |
Additions - amortization | (2,745,221) | (2,721,001) |
Disposals | 1,919 | 1,363 |
Impairment expenses/(reversals) | (307) | (43) |
Effects of movements in exchange rates | 809,276 | (489,343) |
Balance at end of year | (28,679,127) | (26,744,794) |
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 | (40,582,244) | (36,137,696) |
Additions - amortization | (3,481,991) | (3,598,873) |
Disposals | 165,602 | 126,364 |
Impairment expenses/(reversals) | (61,460) | (347) |
Effects of movements in exchange rates | (298,667) | (971,692) |
Balance at end of year | (44,258,760) | (40,582,244) |
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 | (608,013) | (596,578) |
Additions - amortization | (19,352) | (14,792) |
Impairment expenses/(reversals) | 10,077 | |
Effects of movements in exchange rates | 1,138 | 3,357 |
Balance at end of year | (616,150) | (608,013) |
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 | (316,954) | (278,139) |
Additions - amortization | (35,391) | (39,231) |
Effects of movements in exchange rates | 450 | 416 |
Balance at end of year | (351,895) | (316,954) |
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 | (16,716) | (22,066) |
Additions - amortization | (71) | (53) |
Disposals | 239 | 54 |
Effects of movements in exchange rates | 6,527 | 5,349 |
Balance at end of year | (10,021) | (16,716) |
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 | (29,921) | (37,897) |
Effects of movements in exchange rates | 8,648 | 7,976 |
Balance at end of year | (21,273) | (29,921) |
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 | (9,613,733) | (7,059,672) |
Additions - amortization | (3,040,853) | (2,626,391) |
Disposals | 67,744 | 93,085 |
Effects of movements in exchange rates | 225,559 | (20,755) |
Balance at end of year | (12,361,283) | (9,613,733) |
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 | (5,556) | |
Additions - amortization | (5,556) | |
Effects of movements in exchange rates | (475) | |
Balance at end of year | (6,031) | (5,556) |
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 | (358,699) | (239,000) |
Additions - amortization | (94,706) | (114,922) |
Disposals | 445 | |
Impairment expenses/(reversals) | (331) | |
Effects of movements in exchange rates | 1,240 | (4,777) |
Balance at end of year | ₺ (452,051) | ₺ (358,699) |
Intangible Assets - Additional
Intangible Assets - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about intangible assets [line items] | |||
Amortization expense | ₺ 9,469,606 | ₺ 9,121,209 | ₺ 8,090,085 |
Impairment losses on intangible assets | 52,021 | 390 | 0 |
Research and development expense | 50,263 | 89,898 | ₺ 175,114 |
Goodwill | 259,358 | ||
Turkcell Superonline | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | 230,729 | ||
Boyut Enerji | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | 16,840 | ||
Yaani | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | 7,178 | ||
Internally generated [member] | Computer software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Capitalized cost | ₺ 637,977 | ₺ 620,081 |
Impairment of assets (Details)
Impairment of assets (Details) - Lifecell CGU ₺ in Thousands | 12 Months Ended |
Dec. 31, 2022 TRY (₺) | |
Impairment of assets | |
Impairment loss recognized | ₺ 0 |
Period considered for projected cash flows | 6 years |
Terminal growth rate | 5% |
Minimum | |
Impairment of assets | |
Post-tax WACC rate | 37.70% |
Maximum | |
Impairment of assets | |
Post-tax WACC rate | 39% |
Weighted average cost of capital (WACC) | |
Impairment of 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 assets | |
Sensitivity analysis, percentage of possible increase | 1% |
Subscribers, average revenue per user (ARPU) and EBITDA margin | Maximum | |
Impairment of 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, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about investment property [line items] | ||
Opening balance | ₺ 109,905 | |
Closing balance | 108,686 | ₺ 109,905 |
Gross Carrying Amount | ||
Disclosure of detailed information about investment property [line items] | ||
Opening balance | 399,412 | 325,682 |
Disposal | (226,333) | |
Transfer from property, plant and equipment | 515,515 | 73,730 |
Closing balance | 688,594 | 399,412 |
Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Opening balance | (289,507) | (223,015) |
Disposal | 174,246 | |
Transfer from property, plant and equipment | (443,753) | (60,997) |
Depreciation and impairment charges during the year | (20,894) | (5,495) |
Closing balance | ₺ (579,908) | ₺ (289,507) |
Investment Properties - Additio
Investment Properties - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about investment property [abstract] | |||
Rental income | ₺ 14,690 | ₺ 14,445 | ₺ 17,932 |
Direct operating expense from investment property | ₺ 0 | ₺ 0 | ₺ 706 |
Investment Properties - Summa_2
Investment Properties - Summary of Investment Properties and Information About Fair Value Hierarchy (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | ₺ 108,686 | ₺ 109,905 |
Level 2 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 86,650 | 76,197 |
Level 3 | Fair value | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 98,860 | 86,611 |
Investment properties in Gebze | Level 3 | Fair value | Discounted cash flow [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 98,860 | 86,611 |
Investment properties in Ankara | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 58,500 | 53,084 |
Investment properties in Istanbul | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 6,500 | 6,185 |
Investment properties in Adana | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | 13,000 | 11,014 |
Investment properties in Aydin | Level 2 | Fair value | Market approach [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Investment properties | ₺ 8,650 | ₺ 5,914 |
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, 2022 | Dec. 31, 2021 | |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | ₺ 6,287,402 | ₺ 6,057,964 |
Depreciation and amortization charge for the year | (2,817,854) | (2,833,863) |
Ending balance | 4,888,124 | 6,287,402 |
Tangible [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 5,147,939 | 5,146,608 |
Depreciation and amortization charge for the year | (2,646,446) | (2,691,686) |
Ending balance | 4,034,259 | 5,147,939 |
Site rent [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 3,365,539 | 3,164,707 |
Depreciation and amortization charge for the year | (1,509,534) | (1,533,051) |
Ending balance | 2,817,713 | 3,365,539 |
Building [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 698,361 | 787,408 |
Depreciation and amortization charge for the year | (167,666) | (167,312) |
Ending balance | 692,471 | 698,361 |
Network infrastructure [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 550,798 | 536,723 |
Depreciation and amortization charge for the year | (656,457) | (674,374) |
Ending balance | 137,618 | 550,798 |
Vehicles [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 303,359 | 379,838 |
Depreciation and amortization charge for the year | (113,933) | (113,338) |
Ending balance | 182,387 | 303,359 |
Other tangible assets [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 229,882 | 277,932 |
Depreciation and amortization charge for the year | (198,856) | (203,611) |
Ending balance | 204,070 | 229,882 |
Intangible [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 1,139,463 | 911,356 |
Depreciation and amortization charge for the year | (171,408) | (142,177) |
Ending balance | 853,865 | 1,139,463 |
Rights of way [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 101,887 | 67,776 |
Depreciation and amortization charge for the year | (52,795) | (44,576) |
Ending balance | 218,770 | 101,887 |
License [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 1,037,576 | 843,580 |
Depreciation and amortization charge for the year | (118,613) | (97,601) |
Ending balance | ₺ 635,095 | ₺ 1,037,576 |
Right-of-Use Assets - Additiona
Right-of-Use Assets - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of quantitative information about right-of-use assets [abstract] | ||
Additions to right-of-use assets | ₺ 2,315,038 | ₺ 3,247,709 |
Interest expense on lease liabilities | 552,931 | 701,866 |
Depreciation and amortization expenses | ₺ 2,817,854 | ₺ 2,833,863 |
Other assets - Summary of Other
Other assets - Summary of Other Assets (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Other assets | ||
Advances given for property, plant and equipment | ₺ 2,528,736 | ₺ 1,469,943 |
Deposits and guarantees given | 374,454 | 267,630 |
Prepaid expenses | 267,827 | 367,778 |
VAT receivable | 50,666 | 27,975 |
Others | 36,222 | 589 |
Other Non-current assets | 3,257,905 | 2,133,915 |
VAT receivable | 585,060 | 148,902 |
Prepaid expenses | 457,493 | 324,043 |
Prepaid taxes | 446,892 | 322,000 |
Blocked deposits | 162,593 | |
Receivables from the Ministry of Transport and Infrastructure of Turkiye | 137,734 | 503,989 |
Advances given to suppliers | 112,590 | 178,623 |
Receivables from tax office | 1,904 | 20,166 |
Other | 32,125 | 52,195 |
Other current assets | ₺ 1,936,391 | ₺ 1,549,918 |
Deferred Tax Assets and Liabi_3
Deferred Tax Assets and Liabilities - Recognized Deferred Tax Assets and Liabilities (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | ₺ 4,592,629 | ₺ 4,152,803 | |
Offsetting | (2,934,339) | (1,846,236) | |
Net deferred tax assets | 1,658,290 | 2,306,567 | |
Deferred tax liabilities | (8,390,990) | (9,618,167) | |
Offsetting | 2,934,339 | 1,846,236 | |
Net deferred tax liabilities | (5,456,651) | (7,771,931) | |
Net deferred tax asset/(liabilities) | (3,798,361) | (5,465,364) | ₺ (6,161,065) |
Property, plant & equipment and intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 656,127 | 742,489 | |
Deferred tax liabilities | (7,594,619) | (8,499,580) | |
Net deferred tax asset/(liabilities) | (6,938,492) | (7,757,091) | |
Derivative financial instruments | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 30,228 | 10,157 | |
Deferred tax liabilities | (547,459) | (859,238) | |
Net deferred tax asset/(liabilities) | (517,231) | (849,081) | |
Reserve for employee termination benefits and provisions [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 455,742 | 387,096 | |
Deferred tax liabilities | (7,746) | (31,666) | |
Net deferred tax asset/(liabilities) | 447,996 | 355,430 | |
Trade and other payables | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 43,771 | 74,097 | |
Deferred tax liabilities | (79,224) | (2,305) | |
Net deferred tax asset/(liabilities) | (35,453) | 71,792 | |
Unused tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 2,313,498 | 1,898,763 | |
Net deferred tax asset/(liabilities) | 2,313,498 | 1,898,763 | |
Unused tax credits [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 96,978 | 101,671 | |
Deferred tax liabilities | (661) | (2,967) | |
Net deferred tax asset/(liabilities) | 96,317 | 98,704 | |
Other assets and liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 996,285 | 938,530 | |
Deferred tax liabilities | (161,281) | (222,411) | |
Net deferred tax asset/(liabilities) | ₺ 835,004 | ₺ 716,119 |
Deferred Tax Assets and Liabi_4
Deferred Tax Assets and Liabilities - Movement in Temporary Differences (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deferred tax assets and liabilities | |||
Opening balance | ₺ (5,465,364) | ₺ (6,161,065) | |
Income statement charge | 2,147,409 | 608,011 | ₺ 818,209 |
Tax charge relating to components of other comprehensive income | 180,316 | (395,586) | 414,419 |
Acquisition through business combinations | (80,090) | ||
Inflation adjustment | (706,675) | (376,795) | |
Exchange differences | 45,953 | 940,161 | |
Ending balance | ₺ (3,798,361) | ₺ (5,465,364) | ₺ (6,161,065) |
Deferred Tax Assets and Liabi_5
Deferred Tax Assets and Liabilities - Unused tax loss (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | ₺ 7,270,241 | ₺ 9,065,459 |
Not later than one year [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 483,247 | |
1-2 years | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 826,727 | |
2-3 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 2,903,840 | |
3-4 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 227,219 | |
4-5 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 1,849,040 | |
5-6 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 411,144 | |
7-8 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 182,827 | |
8-9 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | 227,175 | |
Indefinite [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unused tax losses | ₺ 159,022 |
Deferred Tax Assets and Liabi_6
Deferred Tax Assets and Liabilities - Additional Information (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Deferred tax assets and liabilities | ||
Unrecognized deferred tax on unused tax losses | ₺ 1,398,834 | ₺ 1,714,727 |
Unused tax losses for which no deferred tax asset recognised | ₺ 7,270,241 | ₺ 9,065,459 |
Trade receivables (Details)
Trade receivables (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Trade Receivables [line items] | ||
Receivables from subscribers | ₺ 3,897,783 | ₺ 4,226,225 |
Undue assigned contracted receivables | 2,247,674 | 1,878,484 |
Accounts and notes receivable | 519,605 | 723,740 |
Current trade receivables | 6,665,062 | 6,828,449 |
Letters of guarantee received | 442,520 | 395,219 |
Non-current undue assigned contracted receivables | 198,628 | 278,552 |
Non-current trade receivables | 298,759 | 421,256 |
Loss Allowance | ||
Trade Receivables [line items] | ||
Current trade receivables | ₺ (620,074) | ₺ (1,024,206) |
Receivables from Financial Se_3
Receivables from Financial Services - Schedule of Receivables from Financial Services (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Receivables from financial services | ||
Non-current receivables from financial services | ₺ 285,138 | ₺ 225,968 |
Current receivables from financial services | 3,276,788 | 3,309,416 |
Receivables from financial services | ₺ 3,561,926 | ₺ 3,535,384 |
Contract Assets - Summary of Co
Contract Assets - Summary of Contract Assets (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Contract assets [abstract] | ||
Non current contract assets | ₺ 67,054 | ₺ 110,890 |
Current contract assets | 1,888,942 | 1,938,769 |
Contract assets | ₺ 1,955,996 | ₺ 2,049,659 |
Inventories - Additional Inform
Inventories - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Inventories [abstract] | ||
Inventories | ₺ 300,406 | ₺ 458,723 |
Cash and Cash Equivalents (Deta
Cash and Cash Equivalents (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Cash and cash equivalents | ||
Receivables from reverse repo | ₺ 3,704,160 | ₺ 0 |
Cash and cash equivalents | 25,960,674 | 30,601,235 |
Gross Carrying Amount | ||
Cash and cash equivalents | ||
Cash in hand | 359 | 302 |
Banks | 25,989,168 | 30,621,214 |
Demand deposits | 2,184,052 | 5,002,305 |
Time deposits | 20,100,956 | 25,618,909 |
Receivables from reverse repo | 3,704,160 | |
Loss Allowance | ||
Cash and cash equivalents | ||
Cash and cash equivalents | ₺ (28,853) | ₺ (20,281) |
Cash and Cash Equivalents - Add
Cash and Cash Equivalents - Additional Information (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Time deposits | ||
Cash and Cash Equivalents | ||
Average maturity | 22 days | 29 days |
Receivables from reverse repo | ||
Cash and Cash Equivalents | ||
Average maturity | 23 days | |
TL | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 22.80% | 27.70% |
USD | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 2.40% | 1.30% |
USD | Receivables from reverse repo | ||
Cash and Cash Equivalents | ||
Effective interest rate | 3% | |
EUR | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 2.60% | 0.50% |
EUR | Receivables from reverse repo | ||
Cash and Cash Equivalents | ||
Effective interest rate | 2.80% | |
CNY | Time deposits | ||
Cash and Cash Equivalents | ||
Effective interest rate | 0.30% | 0.30% |
Financial assets (Details)
Financial assets (Details) ₺ in Thousands, € in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | |
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | ₺ 2,109,457 | ₺ 2,261,409 | ||
Financial assets, current | 4,783,562 | 90,889 | ||
Amortized cost | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | 748,665 | 6,840 | ||
Amortized cost | Time deposits with maturity of more than three months | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | 748,665 | 6,840 | ||
Financial asset at fair value through profit or loss | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | 258,627 | |||
Financial assets, current | 4,034,897 | |||
Financial asset at fair value through profit or loss | Currency protected time deposits | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | ₺ 4,034,897 | |||
Average maturity of financial assets | 1 year | |||
Financial asset at fair value through profit or loss | Currency Deposit Account | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, current | $ 123,300 | € 73,300 | ||
Financial asset at fair value through profit or loss | Investment funds | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | ₺ 258,627 | |||
Fair value through other comprehensive income | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | 1,850,830 | 2,261,409 | ||
Financial assets, current | 84,049 | |||
Fair value through other comprehensive income | Listed debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets, Non-current | ₺ 1,850,830 | 2,261,409 | ||
Financial assets, current | ₺ 84,049 |
Financial assets - Levels (Deta
Financial assets - Levels (Details) - At fair value [member] - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets | ||
Financial asset at fair value | ₺ 6,144,354 | ₺ 2,345,458 |
Fair value through other comprehensive income | Level 1 | ||
Financial assets | ||
Financial asset at fair value | ₺ 1,850,830 | ₺ 2,345,458 |
Description of valuation techniques used in fair value measurement, entity's own equity instruments | 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 | ₺ 19,982 | |
Description of valuation techniques used in fair value measurement, entity's own equity instruments | 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 | ₺ 4,034,897 | |
Description of valuation techniques used in fair value measurement, entity's own equity instruments | 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 | ₺ 238,645 | |
Description of valuation techniques used in fair value measurement, entity's own equity instruments | Pricing models based on discounted cash flow |
Financial assets - Nominal and
Financial assets - Nominal and fairvalue of financial assets (Details) ₺ in Thousands, € in Thousands, $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2021 EUR (€) |
Listed debt securities | ||||||
Financial assets | ||||||
Financial assets, at fair value | ₺ 1,850,830 | ₺ 2,345,458 | ||||
Currency protected time deposits | ||||||
Financial assets | ||||||
Financial assets, at fair value | 4,034,897 | |||||
16 February 2026 | EUR | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | € | € 24,000 | € 3,277 | ||||
Financial assets, at fair value | 472,022 | 51,494 | ||||
Fair Value Maturity Date | 16 February 2026 | 16 February 2026 | ||||
8 July 2027 | EUR | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | € | 15,000 | € 24,951 | ||||
Financial assets, at fair value | 279,082 | 356,258 | ||||
Fair Value Maturity Date | 8 July 2027 | 8 July 2027 | ||||
11 April 2023 | EUR | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | € | € 5,000 | |||||
Financial assets, at fair value | 99,975 | |||||
Fair Value Maturity Date | 11 April 2023 | |||||
31 March 2025 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 3,700 | |||||
Financial assets, at fair value | 73,314 | |||||
Fair Value Maturity Date | 31 March 2025 | |||||
14 July 2023 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 21,000 | $ 34,497 | ||||
Financial assets, at fair value | 391,211 | 469,839 | ||||
Fair Value Maturity Date | 14 July 2023 | 14 July 2023 | ||||
25 March 2027 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 18,000 | $ 30,341 | ||||
Financial assets, at fair value | 308,358 | 378,645 | ||||
Fair Value Maturity Date | 25 March 2027 | 25 March 2027 | ||||
13 November 2025 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 5,000 | |||||
Financial assets, at fair value | 97,785 | |||||
Fair Value Maturity Date | 13 November 2025 | |||||
25 January 2023 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 3,000 | |||||
Financial assets, at fair value | 55,835 | |||||
Fair Value Maturity Date | 25 January 2023 | |||||
10 August 2024 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 1,000 | $ 1,636 | ||||
Financial assets, at fair value | 18,540 | 22,142 | ||||
Fair Value Maturity Date | 10 August 2024 | 10 August 2024 | ||||
Indefinite | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 50,000 | |||||
Financial assets, at fair value | 54,708 | |||||
Fair Value Maturity Date | Indefinite | |||||
2 March 2022 | TL | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | 39,937 | |||||
Financial assets, at fair value | 42,025 | |||||
Fair Value Maturity Date | 2 March 2022 | |||||
2 March 2022 | TL | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | 39,602 | |||||
Financial assets, at fair value | 42,025 | |||||
Fair Value Maturity Date | 2 March 2022 | |||||
14 October 2025 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 32,565 | |||||
Financial assets, at fair value | 412,244 | |||||
Fair Value Maturity Date | 14 October 2025 | |||||
26 January 2026 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 3,561 | |||||
Financial assets, at fair value | 45,330 | |||||
Fair Value Maturity Date | 26 January 2026 | |||||
22 June 2026 | USD | Listed debt securities | ||||||
Financial assets | ||||||
Notional amount | $ | $ 41,067 | |||||
Financial assets, at fair value | ₺ 525,456 | |||||
Fair Value Maturity Date | 22 June 2026 | |||||
10 May 2023 | TL | Currency protected time deposits | ||||||
Financial assets | ||||||
Notional amount | 949,475 | |||||
Financial assets, at fair value | 1,236,256 | |||||
Fair Value Maturity Date | 10 May 2023 | |||||
27 February 2023 | TL | Currency protected time deposits | ||||||
Financial assets | ||||||
Notional amount | 704,109 | |||||
Financial assets, at fair value | 950,130 | |||||
Fair Value Maturity Date | 27 February 2023 | |||||
15 August 2023 | TL | Currency protected time deposits | ||||||
Financial assets | ||||||
Notional amount | 701,033 | |||||
Financial assets, at fair value | 820,390 | |||||
Fair Value Maturity Date | 15 August 2023 | |||||
16 August 2023 | TL | Currency protected time deposits | ||||||
Financial assets | ||||||
Notional amount | 436,793 | |||||
Financial assets, at fair value | 511,377 | |||||
Fair Value Maturity Date | 16 August 2023 | |||||
11 May 2023 | TL | Currency protected time deposits | ||||||
Financial assets | ||||||
Notional amount | 230,364 | |||||
Financial assets, at fair value | 299,793 | |||||
Fair Value Maturity Date | 11 May 2023 | |||||
2 October 2023 | TL | Currency protected time deposits | ||||||
Financial assets | ||||||
Notional amount | 185,454 | |||||
Financial assets, at fair value | ₺ 216,951 | |||||
Fair Value Maturity Date | 2 October 2023 |
Financial assets - Gain losses
Financial assets - Gain losses on other comprehensive income (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains / (Losses) recognized in other comprehensive income | |||
Related to financial assets | ₺ (74,041) | ₺ (116,813) | ₺ (6,363) |
-Income tax relating to fair value reserve | 21,841 | 23,162 | 1,245 |
Gains (losses) recognized in other comprehensive income | ₺ (52,200) | ₺ (93,651) | ₺ (5,118) |
Equity - Additional Information
Equity - Additional Information (Detail) - TRY (₺) ₺ / shares in Units, ₺ in Thousands | 12 Months Ended | ||
Jun. 16, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
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 | ||
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% | ||
Shares buyback transactions | ₺ 0 | ₺ 0 | |
Dividends | ₺ 1,451,412 | ₺ 5,481,535 | |
Dividends per share | ₺ 0.5717 |
Equity - Summary of Shareholdin
Equity - Summary of Shareholding Percentages (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Equity | ||
Share capital | ₺ 2,200,000 | ₺ 2,200,000 |
Inflation adjustment to share capital | 17,423,702 | 17,423,702 |
Inflation adjusted capital | ₺ 19,623,702 | ₺ 19,623,702 |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Earnings Per Share | |||
Profit attributable to owners of the Company | ₺ 4,175,708 | ₺ 4,330,466 | ₺ 4,502,823 |
Weighted average number of shares | 2,183,106,193 | 2,183,106,193 | 2,183,106,193 |
Basic earnings per share for profit attributable to owners of the Company (in full TL) | ₺ 1.9 | ₺ 2 | ₺ 2.1 |
Diluted earnings per share for profit attributable to owners of the Company (in full TL) | ₺ 1.9 | ₺ 2 | ₺ 2.1 |
Profit from continuing operations attributable to owners of the Company | ₺ 4,175,708 | ₺ 4,330,466 | ₺ 4,502,823 |
Weighted average number of shares | 2,183,106,193 | 2,183,106,193 | 2,183,106,193 |
Basic earnings per share for profit from continuing operations attributable to owners of the Company (in full TL) | ₺ 1.9 | ₺ 2 | ₺ 2.1 |
Diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL) | ₺ 1.9 | ₺ 2 | ₺ 2.1 |
Other non-current liabilities -
Other non-current liabilities - Disclosure of Other Non-Current Liability (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Other Non-Current Liabilities | |||
Liabilities to BeST investment agreement | ₺ 663,338 | ||
Deferred revenue | 4,972 | ₺ 9,846 | |
Other | 4,146 | ||
Other non-current liabilities | 671,585 | 1,264,964 | |
BeST | |||
Other Non-Current Liabilities | |||
Consideration payable in relation to business acquisitions | 1,245,592 | ₺ 1,063,778 | |
Boyut Enerji | |||
Other Non-Current Liabilities | |||
Consideration payable in relation to business acquisitions | ₺ 3,275 | ₺ 5,380 |
Other non-current liabilities_2
Other non-current liabilities - Additional Information (Detail) - BeST ₺ in Thousands, $ in Thousands | Nov. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 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 | ₺ 1,869,830 | |
Development of telecommunications infrastructure (in years) | 10 years | |||
Percentage of net profit earned on which obligation is based | 50% | |||
Discount rate | 14.99% | 14.99% |
Loans and Borrowings - Summary
Loans and Borrowings - Summary of Borrowings (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Non-current liabilities | ||
Unsecured bank loans | ₺ 15,653,823 | ₺ 21,493,931 |
Secured bank loans | 2,291,239 | 445,938 |
Lease liabilities | 2,181,954 | 3,306,433 |
Debt securities issued | 17,006,088 | 20,633,735 |
Total non-current liabilities | 37,133,104 | 45,880,037 |
Current liabilities | ||
Unsecured bank loans | 12,870,508 | 11,279,424 |
Secured bank loans | 845,629 | 396,565 |
Lease liabilities | 873,277 | 1,467,021 |
Debt securities issued | 2,131,832 | 1,392,244 |
Total current liabilities | ₺ 16,721,246 | ₺ 14,535,254 |
Loans and Borrowings - Addition
Loans and Borrowings - Additional Information (Detail) ₺ in Thousands, € in Thousands, ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||||||||
Nov. 29, 2022 CNY (¥) | Nov. 23, 2022 TRY (₺) | Sep. 29, 2022 CNY (¥) | Jun. 24, 2022 EUR (€) | Jun. 03, 2022 USD ($) | Apr. 26, 2022 EUR (€) | Apr. 01, 2022 USD ($) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2020 TRY (₺) | Dec. 31, 2022 USD ($) | Nov. 03, 2022 TRY (₺) | |
Loans and borrowings | ||||||||||||
Amount used | ₺ 32,250,009 | ₺ 26,188,047 | ₺ 55,229,867 | |||||||||
Nominal value of debt securities purchased | $ | $ 37,239 | |||||||||||
Debt securities issuance limit | 1,000,000 | ₺ 1,000,000 | ||||||||||
Issuance of debt securities | ₺ 500,000 | |||||||||||
Remained limit | ₺ 500,000 | |||||||||||
ING Bank N.V. and AB Svensk Exportkredit | ||||||||||||
Loans and borrowings | ||||||||||||
Amount used | $ | $ 25,180 | $ 23,750 | ||||||||||
Borrowings, interest rate | 1.53% | 1.53% | ||||||||||
China Development Bank [member] | ||||||||||||
Loans and borrowings | ||||||||||||
Amount used | ¥ 60,000 | ¥ 40,000 | € 52,876 | € 100,000 | ||||||||
China Development Bank [member] | CNY | ||||||||||||
Loans and borrowings | ||||||||||||
Borrowings, interest rate | 5.15% | 5.15% | ||||||||||
China Development Bank [member] | EUR | ||||||||||||
Loans and borrowings | ||||||||||||
Borrowings, interest rate description | 6M Euribor+2.29 | |||||||||||
Borrowings, adjustment to variable interest rate | 2.29% | 2.29% |
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, 2022 | Dec. 31, 2021 | |
Loans and Borrowings | ||
Carrying amount | ₺ 53,854,350 | ₺ 60,415,291 |
EUR | Floating interest rate | ||
Loans and Borrowings | ||
Nominal interest rate | 3.20% | 2.30% |
Carrying amount | ₺ 13,673,783 | ₺ 15,093,891 |
USD | Floating interest rate | ||
Loans and Borrowings | ||
Nominal interest rate | 4.40% | 3.20% |
Carrying amount | ₺ 4,635,140 | ₺ 6,569,574 |
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+2.3% | Euribor+1.9%-Euribor+2.3% |
Carrying amount | ₺ 13,673,783 | ₺ 15,093,891 |
Unsecured bank loans | EUR | Floating interest rate | Minimum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 2% | 1.90% |
Payment period | 2023 | 2022 |
Unsecured bank loans | EUR | Floating interest rate | Maximum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 2.30% | 2.30% |
Payment period | 2028 | 2028 |
Unsecured bank loans | EUR | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | EUR | |
Interest rate type | Fixed | |
Nominal interest rate | 1.70% | |
Payment period | 2022 | |
Carrying amount | ₺ 595,630 | |
Unsecured bank loans | USD | Floating interest rate | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Floating | Floating |
Nominal interest rate basis | Libor+1.7%-Libor 2.2% | Libor+2.1%-Libor+2.2% |
Carrying amount | ₺ 3,982,309 | ₺ 5,977,856 |
Unsecured bank loans | USD | Floating interest rate | Minimum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 1.70% | 2.10% |
Payment period | 2023 | 2022 |
Unsecured bank loans | USD | Floating interest rate | Maximum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 2.20% | 2.20% |
Payment period | 2026 | 2028 |
Unsecured bank loans | USD | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Fixed | Fixed |
Nominal interest rate | 2.60% | 3.80% |
Carrying amount | ₺ 171,784 | ₺ 1,762,380 |
Unsecured bank loans | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Payment period | 2023 | 2022 |
Unsecured bank loans | USD | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Payment period | 2026 | 2030 |
Unsecured bank loans | TL | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | TL | TL |
Interest rate type | Fixed | Fixed |
Payment period | 2023 | 2022 |
Carrying amount | ₺ 7,782,214 | ₺ 5,001,760 |
Unsecured bank loans | TL | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 12.40% | 14.80% |
Unsecured bank loans | TL | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 38% | 29% |
Unsecured bank loans | UAH | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | UAH | UAH |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 1,429,174 | ₺ 2,813,482 |
Unsecured bank loans | UAH | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 10% | 8% |
Payment period | 2023 | 2022 |
Unsecured bank loans | UAH | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 21% | 10.90% |
Payment period | 2024 | 2024 |
Unsecured bank loans | CNY | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | RMB | RMB |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 1,485,067 | ₺ 1,528,356 |
Unsecured bank loans | CNY | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 3.70% | 4.90% |
Payment period | 2023 | 2022 |
Unsecured bank loans | CNY | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 5.50% | 5.20% |
Payment period | 2028 | 2028 |
Secured bank loans | USD | Floating interest rate | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Floating | Floating |
Nominal interest rate basis | Libor+0.6% - Libor+1.6% | Libor+1.6% - Libor+1.9% |
Carrying amount | ₺ 652,831 | ₺ 591,718 |
Secured bank loans | USD | Floating interest rate | Minimum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 0.60% | 1.60% |
Payment period | 2023 | 2022 |
Secured bank loans | USD | Floating interest rate | Maximum | ||
Loans and Borrowings | ||
Borrowings, adjustment to variable interest rate | 1.60% | 1.90% |
Payment period | 2028 | 2026 |
Secured bank loans | USD | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Fixed | Fixed |
Nominal interest rate | 2.60% | |
Carrying amount | ₺ 2,119,044 | ₺ 250,785 |
Secured bank loans | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 1.50% | |
Payment period | 2023 | 2022 |
Secured bank loans | USD | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 3.80% | |
Payment period | 2032 | 2026 |
Secured bank loans | UAH | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | UAH | |
Interest rate type | Fixed | |
Payment period | 2023 | |
Carrying amount | ₺ 364,993 | |
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 | ₺ 18,013,208 | ₺ 21,858,526 |
Debt securities issued | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Payment period | 2023 | 2022 |
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 |
Nominal interest rate | 16.30% | |
Payment period | 2023 | 2022 |
Carrying amount | ₺ 1,124,712 | ₺ 167,453 |
Debt securities issued | TL | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 20.30% | |
Debt securities issued | TL | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 25.50% | |
Lease liabilities | EUR | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | EUR | EUR |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 309,670 | ₺ 498,172 |
Lease liabilities | EUR | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 1% | 1% |
Payment period | 2023 | 2022 |
Lease liabilities | EUR | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 10.30% | 10% |
Payment period | 2034 | 2034 |
Lease liabilities | USD | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | USD | USD |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 80,143 | ₺ 132,291 |
Lease liabilities | USD | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 3.90% | 3.90% |
Payment period | 2023 | 2022 |
Lease liabilities | USD | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 11.50% | 10.90% |
Payment period | 2052 | 2028 |
Lease liabilities | TL | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | TL | TL |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 1,207,596 | ₺ 2,073,820 |
Lease liabilities | TL | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 9.80% | 9.80% |
Payment period | 2023 | 2022 |
Lease liabilities | TL | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 45% | 45% |
Payment period | 2048 | 2048 |
Lease liabilities | UAH | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | UAH | UAH |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 1,148,563 | ₺ 1,764,257 |
Lease liabilities | UAH | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 7.60% | 7.60% |
Payment period | 2023 | 2022 |
Lease liabilities | UAH | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 47.70% | 25.70% |
Payment period | 2071 | 2069 |
Lease liabilities | BYN | Fixed rate instruments [member] | ||
Loans and Borrowings | ||
Currency | BYN | BYN |
Interest rate type | Fixed | Fixed |
Carrying amount | ₺ 309,259 | ₺ 304,914 |
Lease liabilities | BYN | Fixed rate instruments [member] | Minimum | ||
Loans and Borrowings | ||
Nominal interest rate | 11.50% | 11.50% |
Payment period | 2023 | 2022 |
Lease liabilities | BYN | Fixed rate instruments [member] | Maximum | ||
Loans and Borrowings | ||
Nominal interest rate | 20% | 15.80% |
Payment period | 2037 | 2028 |
Employee Benefits - Summary of
Employee Benefits - Summary of Employee Benefits Provision (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Classes of employee benefits expense [abstract] | |||
Retirement pay liability provision | ₺ 1,590,756 | ₺ 844,540 | ₺ 673,878 |
Unused vacation provision | 199,275 | 165,082 | |
Total | ₺ 1,790,031 | ₺ 1,009,622 |
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, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [abstract] | ||
Employee termination benefits, beginning balance | ₺ 844,540 | ₺ 673,878 |
Service cost | 101,752 | 126,088 |
Remeasurements | 1,107,508 | 328,711 |
Interest expense | 112,649 | 75,110 |
Benefit payments | (67,528) | (102,752) |
Acquisition through business combinations | 126 | |
Inflation adjustment | (508,165) | (256,621) |
Employee termination benefits, ending balance | ₺ 1,590,756 | ₺ 844,540 |
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, 2022 | Dec. 31, 2021 |
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 | (15.40%) | (13.40%) |
Impact on provision for decrease in assumption, percentage | 19% | 16.30% |
Impact on provision for increase in assumption | ₺ (244,976) | ₺ (113,169) |
Impact on provision for decrease in assumption | ₺ 302,244 | ₺ 137,660 |
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 | 18.90% | 16.50% |
Impact on provision for decrease in assumption, percentage | (15.60%) | (13.80%) |
Impact on provision for increase in assumption | ₺ 300,653 | ₺ 139,348 |
Impact on provision for decrease in assumption | ₺ (248,158) | ₺ (116,546) |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Classes of employee benefits expense [abstract] | |||
Defined contribution retirement plan | ₺ 64,309 | ₺ 66,401 | ₺ 70,379 |
Expense from share-based payments | ₺ 0 | ₺ 0 |
Deferred Revenue - Additional I
Deferred Revenue - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Deferred revenues [Abstract] | ||
Deferred revenue | ₺ 129,900 | ₺ 209,802 |
Contract Liabilities - Summary
Contract Liabilities - Summary of Current and Non-current Contract Liabilities (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Contract liabilities [abstract] | ||
Long-term contract liabilities | ₺ 757,697 | ₺ 730,816 |
Short-term contract liabilities | 850,667 | 915,192 |
Total | 1,608,364 | 1,646,008 |
Revenue related to liabilities carried forward | ₺ 915,192 | ₺ 855,557 |
Contract Liabilities - Summar_2
Contract Liabilities - Summary of Unsatisfied Performance Obligation of Contract Liabilities (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of performance obligations [line items] | ||
Unsatisfied performance obligation | ₺ 2,694,037 | ₺ 4,183,717 |
Not later than one year [member] | ||
Disclosure of performance obligations [line items] | ||
Transaction price allocated to unsatisfied contracts | 48% | |
Later than one year [member] | ||
Disclosure of performance obligations [line items] | ||
Transaction price allocated to unsatisfied contracts | 52% | |
Telecommunications service [member] | ||
Disclosure of performance obligations [line items] | ||
Unsatisfied performance obligation | ₺ 1,844,463 | 2,440,585 |
Equipment revenues [member] | ||
Disclosure of performance obligations [line items] | ||
Unsatisfied performance obligation | ₺ 849,574 | ₺ 1,743,132 |
Provisions - Summary of Non-Cur
Provisions - Summary of Non-Current Provisions (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of other provisions [line items] | ||
Beginning balance for the period | ₺ 1,011,567 | |
Ending balance for the period | 968,729 | ₺ 1,011,567 |
Non-current provision | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 1,011,567 | 920,831 |
Provisions recognized | 65,493 | 69,207 |
Payments | (7,120) | (6,165) |
Unwinding of discount | 80,896 | 75,805 |
Transfers to current provisions | (20,829) | (20,491) |
Remeasurements | 243,634 | (753) |
Effect of changes in exchange rates | 49,481 | 292,025 |
Inflation adjustment | (454,393) | (318,892) |
Ending balance for the period | 968,729 | 1,011,567 |
Non-current provision | Legal [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 32,298 | 37,765 |
Provisions recognized | 53,516 | 26,053 |
Transfers to current provisions | (20,829) | (20,491) |
Inflation adjustment | (17,292) | (11,029) |
Ending balance for the period | 47,693 | 32,298 |
Non-current provision | Obligations for dismantling, removing and site restoration [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 979,269 | 883,066 |
Provisions recognized | 11,977 | 43,154 |
Payments | (7,120) | (6,165) |
Unwinding of discount | 80,896 | 75,805 |
Remeasurements | 243,634 | (753) |
Effect of changes in exchange rates | 49,481 | 292,025 |
Inflation adjustment | (437,101) | (307,863) |
Ending balance for the period | ₺ 921,036 | ₺ 979,269 |
Discount rate on provision | 14.40% | 17.30% |
Provisions - Summary of Current
Provisions - Summary of Current Provisions (Detail) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of other provisions [line items] | ||
Beginning balance for the period | ₺ 942,352 | |
Ending balance for the period | 753,934 | ₺ 942,352 |
Current provision | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 942,352 | 1,408,943 |
Provisions recognized | 1,072,418 | 1,769,129 |
Payments | (885,458) | (1,984,573) |
Transfers from non-current provisions | 20,829 | 20,491 |
Remeasurements | 106 | |
Effect of changes in exchange rates | 2,427 | 81,067 |
Inflation adjustment | (398,634) | (352,811) |
Ending balance for the period | 753,934 | 942,352 |
Current provision | Legal [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 110,094 | 566,970 |
Provisions recognized | (105) | 444,966 |
Payments | (61,714) | (845,243) |
Transfers from non-current provisions | 20,829 | 20,491 |
Effect of changes in exchange rates | 4,824 | |
Inflation adjustment | (37,234) | (81,914) |
Ending balance for the period | 31,870 | 110,094 |
Current provision | Bonus [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance for the period | 832,258 | 841,973 |
Provisions recognized | 1,072,523 | 1,324,163 |
Payments | (823,744) | (1,139,330) |
Remeasurements | 106 | |
Effect of changes in exchange rates | 2,427 | 76,243 |
Inflation adjustment | (361,400) | (270,897) |
Ending balance for the period | ₺ 722,064 | ₺ 832,258 |
Trade and Other Payables - Summ
Trade and Other Payables - Summary of Trade and Other Payable (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other payables [abstract] | ||
Payables to suppliers | ₺ 6,898,414 | ₺ 7,582,037 |
Taxes payable | 1,608,123 | 1,642,320 |
Accrued treasury share, universal service fund contribution and contributions to the ICTA's expenses | 986,508 | 1,071,084 |
Accrued selling and marketing expenses | 192,500 | 121,911 |
Others | 642,877 | 622,677 |
Trade and other payables | ₺ 10,328,422 | ₺ 11,040,029 |
Derivative Financial Instrume_3
Derivative Financial Instruments - Summary of Fair Value of Derivative Financial Instruments (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Derivative financial instruments [abstract] | ||
Derivative financial assets, Held for trading | ₺ 794,399 | ₺ 1,941,240 |
Derivative financial assets, Derivatives used for hedge accounting | 1,199,843 | 1,642,001 |
Derivative financial assets | 1,994,242 | 3,583,241 |
Derivative financial liabilities, Held for trading | 131,074 | |
Derivative financial liabilities, Derivatives used for hedge accounting | 21,432 | 99,413 |
Derivative financial liabilities | ₺ 152,506 | ₺ 99,413 |
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, 2022 TRY (₺) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 CNY (¥) | Dec. 31, 2021 EUR (€) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CNY (¥) | |
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for hedge accounting | ₺ 1,178,411 | ₺ 1,542,588 | ||||||||
Net derivative financial assets (liabilities) used for trading | 663,325 | 1,941,240 | ||||||||
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 | € | € 53,380 | € 66,700 | ||||||||
Net derivative financial assets (liabilities) used for trading | 254,040 | 399,960 | ||||||||
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 | $ | $ 165,478 | $ 206,770 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 560,982 | 860,068 | ||||||||
Maturity date, Derivatives used for hedging | April 2026 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ 10,061 | ₺ 876,842 | ||||||||
Net derivative financial assets (liabilities) used for trading, notional | $ | 27,000 | 36,000 | ||||||||
Net derivative financial assets (liabilities) used for trading | 75,051 | 96,738 | ||||||||
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 | € | 233,600 | 300,200 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 203,017 | 287,056 | ||||||||
Maturity date, Derivatives used for hedging | October 2025 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ (7,288) | ₺ 1,582,531 | ||||||||
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 | € | 50,711 | 63,365 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 53,612 | 79,577 | ||||||||
Maturity date, Derivatives used for hedging | April 2026 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ (175) | ₺ 129,104 | ||||||||
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 | € | 24,000 | |||||||||
Net derivative financial assets (liabilities) used for trading | 277,451 | |||||||||
Maturity, Trading | December 2022 | |||||||||
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 | $ | 18,858 | 36,572 | ||||||||
Net derivative financial assets (liabilities) used for trading | 243,287 | 467,952 | ||||||||
Maturity, Trading | March 2023 - 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 | ¥ | ¥ 108,148 | ¥ 135,134 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 256,943 | 387,047 | ||||||||
Maturity date, Derivatives used for hedging | April 2026 | |||||||||
Hedge ratio, Derivatives used for hedging | 1 | 1 | ||||||||
Change in intrinsic value of outstanding hedging instruments | ₺ 73,799 | ₺ 224,672 | ||||||||
Net derivative financial assets (liabilities) used for trading, notional | ¥ | 25,883 | ¥ 32,342 | ||||||||
Net derivative financial assets (liabilities) used for trading | 57,482 | 83,518 | ||||||||
Maturity, Trading | April 2026 | April 2026 | ||||||||
Interest rate swap contract [member] | EUR | ||||||||||
Disclosure of financial assets and liabilities measured at fair value [line items] | ||||||||||
Net derivative financial assets (liabilities) used for trading, notional | € | € 35,000 | |||||||||
Net derivative financial assets (liabilities) used for trading | 19,352 | |||||||||
Maturity, Trading | September 2028 | |||||||||
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 | $ | 120,105 | 150,075 | ||||||||
Net derivative financial assets (liabilities) used for hedge accounting | 103,857 | (71,160) | ||||||||
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 | $ | 53,380 | |||||||||
Net derivative financial assets (liabilities) used for trading | (791) | |||||||||
Maturity, Trading | April 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 | $ | 357,451 | 200,000 | ||||||||
Net derivative financial assets (liabilities) used for trading | (3,980) | 317,868 | ||||||||
Maturity, Trading | January 2023 | January 2022 | ||||||||
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 | 1,864 | |||||||||
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 | € | € 26,900 | |||||||||
Net derivative financial assets (liabilities) used for trading | 28,699 | |||||||||
Maturity, Trading | 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 | $ | $ 377,435 | $ 175,000 | ||||||||
Net derivative financial assets (liabilities) used for trading | ₺ 7,673 | ₺ 278,401 | ||||||||
Maturity, Trading | January 2023 - June 2023 | 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, 2022 | Dec. 31, 2021 | |
Participating cross currency swap contracts [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in fair value if mid prices used | ₺ (15,892) | ₺ (416,897) |
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 | 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 | |
Level 3 | 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 unobservable yield curves and end period FX rates |
Derivative Financial Instrume_6
Derivative Financial Instruments - Summary of Cross Currency Swap Contracts (Detail) - Participating cross currency swap contracts [member] - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [line items] | ||
Opening balance | ₺ 1,723,399 | ₺ 1,781,744 |
Cash flow effect | (1,124,026) | 92,328 |
Gains recognized in profit or loss | 1,221,599 | 414,157 |
Inflation adjustments | (674,270) | (564,830) |
Ending balance | ₺ 1,146,702 | ₺ 1,723,399 |
Derivative Financial Instrume_7
Derivative Financial Instruments - Cash Flow Sensitivity (Detail) ₺ in Thousands | Dec. 31, 2022 TRY (₺) | Dec. 31, 2021 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 | ₺ 27,250 | ₺ 2,233,510 |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | 211,272 | 3,608,413 |
Increase (decrease) in equity due to potential increase in interest rate | 992,251 | (1,381,763) |
Increase (decrease) in equity due to potential decrease in interest rate | 993,327 | (2,680,663) |
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 | (37,531) | 1,971,140 |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | (25,064) | 3,664,033 |
Increase (decrease) in equity due to potential increase in interest rate | 755,812 | (1,019,230) |
Increase (decrease) in equity due to potential decrease in interest rate | 787,206 | (2,374,118) |
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 | 64,781 | 262,370 |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | 236,336 | (55,620) |
Increase (decrease) in equity due to potential increase in interest rate | 236,439 | (362,533) |
Increase (decrease) in equity due to potential decrease in interest rate | ₺ 206,121 | ₺ (306,545) |
Derivative Financial Instrume_8
Derivative Financial Instruments - Additional Information (Detail) ₺ in Thousands, € in Thousands, $ in Thousands | 12 Months Ended | ||||||||
Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2020 TRY (₺) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Jun. 25, 2019 EUR (€) | Aug. 09, 2018 EUR (€) | |
Disclosure of detailed information about financial instruments [line items] | |||||||||
Short-term derivative assets | ₺ 2,032,416 | ₺ 3,500,700 | |||||||
Interest expense accrual included in current derivative financial instruments assets | 38,174 | 82,541 | |||||||
Short-term derivative liabilities | 150,924 | 117,165 | |||||||
Interest expense accrual included in current derivative financial instruments liabilities | 1,582 | 17,752 | |||||||
Hedges of net investments in foreign operations | (49,034) | (1,846,738) | ₺ (648,197) | ||||||
Hedges of net investment in foreign operations [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Hedges of net investments in foreign operations | (49,034) | (1,846,738) | |||||||
Participating cross currency swap contracts [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Participating cross currency swaps with guarantees | € | € 269,624 | € 340,220 | |||||||
Guarantees included in current derivative financial instruments assets used for hedging | 1,194,300 | 1,923,150 | |||||||
Assets subject to offsetting | € | € 32,028 | € 233,600 | |||||||
Threshold market value change | € | € 1,000 | ||||||||
Threshold amount for transfer | € | 10,000 | ||||||||
Transfer amount as collateral to the company | 6,581,268 | 330,138 | |||||||
Transfer amount as collateral to the bank | 5,386,968 | € 270,228 | |||||||
Offset amount | 1,194,300 | 1,923,150 | |||||||
Derivative financial assets without offsetting | 3,072,349 | 5,203,627 | |||||||
Derivative financial liabilities without offsetting | (3,444) | (103,058) | |||||||
Borrowings without offsetting | ₺ 17,915,547 | ₺ 16,458,403 | |||||||
Bank loans | Cash flow hedges [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | $ | $ 13,763 | ||||||||
Bank loans | Hedges of net investment in foreign operations [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | € | 290,008 | ||||||||
Lease liabilities | Cash flow hedges [member] | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | € | € 12,474 |
Financial Instruments - Disclos
Financial Instruments - Disclosure of Credit Risk (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | ₺ 47,865,210 | ₺ 49,896,838 |
Trade receivables | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 6,963,821 | 7,249,705 |
Contract assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 1,955,996 | 2,049,659 |
Receivables from financial services | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 3,561,926 | 3,535,384 |
Cash and cash equivalents | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 25,960,315 | 30,600,933 |
Derivative financial instruments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 2,032,416 | 3,500,700 |
Other current & non-current assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 421,264 | 320,403 |
Financial assets at amortized cost | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 748,665 | 6,840 |
Financial assets at fair value through profit or loss | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 4,293,524 | |
Financial assets at fair value through other comprehensive income | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | 1,850,830 | 2,345,458 |
Due from related parties | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure to credit risk | ₺ 76,453 | ₺ 287,756 |
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, 2022 | Dec. 31, 2021 |
Gross Carrying Amount | Other assets | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | ₺ 43,009,322 | ₺ 45,359,258 |
Gross Carrying Amount | Other assets | Not Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 40,799,890 | 42,352,851 |
Gross Carrying Amount | Other assets | Less Than 30 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 376,616 | 538,256 |
Gross Carrying Amount | Other assets | Less Than 60 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 177,832 | 204,767 |
Gross Carrying Amount | Other assets | Less Than 90 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 85,754 | 93,423 |
Gross Carrying Amount | Other assets | Less Than 120 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 72,369 | 63,909 |
Gross Carrying Amount | Other assets | Less Than 150 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 93,472 | 71,096 |
Gross Carrying Amount | Other assets | Less Than 3 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 824,749 | 1,227,728 |
Gross Carrying Amount | Other assets | Less Than 4 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 347,162 | 549,970 |
Gross Carrying Amount | Other assets | Less Than 5 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 231,478 | 257,258 |
Gross Carrying Amount | Contract assets | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 1,963,342 | 2,059,911 |
Gross Carrying Amount | Contract assets | Not Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 1,963,342 | 2,059,911 |
Gross Carrying Amount | Other assets from financial services | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 3,651,843 | 3,686,666 |
Gross Carrying Amount | Other assets from financial services | Not Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 3,324,919 | 3,085,059 |
Gross Carrying Amount | Other assets from financial services | Less Than 30 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 180,530 | 382,073 |
Gross Carrying Amount | Other assets from financial services | Less Than 60 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 31,964 | 33,468 |
Gross Carrying Amount | Other assets from financial services | Less Than 90 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 12,653 | 16,199 |
Gross Carrying Amount | Other assets from financial services | Less Than 120 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 17,202 | 19,008 |
Gross Carrying Amount | Other assets from financial services | Less Than 150 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 6,861 | 9,559 |
Gross Carrying Amount | Other assets from financial services | Less Than 3 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 70,095 | 124,746 |
Gross Carrying Amount | Other assets from financial services | Less Than 4 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 2,201 | 9,795 |
Gross Carrying Amount | Other assets from financial services | Less Than 5 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | 5,418 | 6,759 |
Loss Allowance | Other assets | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (662,034) | (1,047,463) |
Loss Allowance | Other assets | Not Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (131,944) | (126,791) |
Loss Allowance | Other assets | Less Than 30 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (5,630) | (14,697) |
Loss Allowance | Other assets | Less Than 60 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (5,479) | (10,203) |
Loss Allowance | Other assets | Less Than 90 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (4,762) | (9,101) |
Loss Allowance | Other assets | Less Than 120 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (5,874) | (8,250) |
Loss Allowance | Other assets | Less Than 150 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (7,690) | (10,135) |
Loss Allowance | Other assets | Less Than 3 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (194,366) | (410,493) |
Loss Allowance | Other assets | Less Than 4 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (192,022) | (345,167) |
Loss Allowance | Other assets | Less Than 5 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (114,267) | (112,626) |
Loss Allowance | Contract assets | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (7,346) | (10,252) |
Loss Allowance | Contract assets | Not Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (7,346) | (10,252) |
Loss Allowance | Other assets from financial services | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (89,917) | (151,282) |
Loss Allowance | Other assets from financial services | Not Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (20,033) | (20,195) |
Loss Allowance | Other assets from financial services | Less Than 30 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (1,802) | (3,553) |
Loss Allowance | Other assets from financial services | Less Than 60 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (366) | (486) |
Loss Allowance | Other assets from financial services | Less Than 90 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (196) | (256) |
Loss Allowance | Other assets from financial services | Less Than 120 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (7,046) | (9,053) |
Loss Allowance | Other assets from financial services | Less Than 150 Days Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (3,604) | (5,161) |
Loss Allowance | Other assets from financial services | Less Than 3 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (49,260) | (96,050) |
Loss Allowance | Other assets from financial services | Less Than 4 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | (2,192) | (9,769) |
Loss Allowance | Other assets from financial services | Less Than 5 years Past Due | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Financial assets | ₺ (5,418) | ₺ (6,759) |
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) - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Contract assets | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Opening balance | ₺ 10,252 | ₺ 11,720 |
Provision for impairment recognized during the year | 1,289 | 2,005 |
Inflation adjustment | (4,195) | (3,473) |
Closing balance | 7,346 | 10,252 |
Other assets | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Opening balance | 1,047,463 | 1,402,442 |
Provision for impairment recognized during the year | 610,599 | 923,701 |
Amounts collected | (232,462) | (402,315) |
Receivables written off during the year as uncollectible | (397,132) | (603,608) |
Effect of changes in exchange rates | 47,430 | 102,855 |
Inflation adjustment | (413,864) | (375,612) |
Closing balance | 662,034 | 1,047,463 |
Other assets from financial services | ||
Disclosure of financial assets that are either past due or impaired [line items] | ||
Opening balance | 151,282 | 345,476 |
Provision for impairment recognized during the year | 103,094 | 133,977 |
Amounts collected | (68,647) | (112,522) |
Receivables transferred with receivables transfer contract | (36,985) | (146,945) |
Inflation adjustment | (58,827) | (68,704) |
Closing balance | ₺ 89,917 | ₺ 151,282 |
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, 2022 | Dec. 31, 2021 |
Debt securities | ||
Disclosure of Risks [line items] | ||
Financial liabilities | ₺ 18,013,208 | ₺ 21,858,526 |
Liquidity risk | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 61,846,867 | 69,472,496 |
Financial liabilities contractual cash flows | (72,786,670) | (82,658,010) |
Liquidity risk | 6 months or less | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (19,335,088) | (18,646,238) |
Liquidity risk | 6-12 months | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (6,181,804) | (4,779,887) |
Liquidity risk | 1-2 years | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (6,863,886) | (8,303,455) |
Liquidity risk | 2-5 years | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (24,876,294) | (32,307,082) |
Liquidity risk | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Financial liabilities contractual cash flows | (15,529,598) | (18,621,348) |
Liquidity risk | Secured bank loans | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 3,136,868 | 842,503 |
Non-derivative financial liabilities, Contractual cash flows | (3,626,031) | (870,511) |
Liquidity risk | Secured bank loans | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (616,130) | (201,900) |
Liquidity risk | Secured bank loans | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (242,972) | (200,342) |
Liquidity risk | Secured bank loans | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (475,576) | (239,586) |
Liquidity risk | Secured bank loans | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,318,013) | (228,683) |
Liquidity risk | Secured bank loans | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (973,340) | |
Liquidity risk | Unsecured bank loans | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 28,524,331 | 32,773,355 |
Non-derivative financial liabilities, Contractual cash flows | (31,220,977) | (35,541,826) |
Liquidity risk | Unsecured bank loans | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (8,875,434) | (8,492,162) |
Liquidity risk | Unsecured bank loans | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (4,898,822) | (3,039,099) |
Liquidity risk | Unsecured bank loans | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (4,516,080) | (5,631,753) |
Liquidity risk | Unsecured bank loans | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (11,238,409) | (15,915,368) |
Liquidity risk | Unsecured bank loans | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,692,232) | (2,463,444) |
Liquidity risk | Debt securities | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 19,137,920 | 22,025,979 |
Non-derivative financial liabilities, Contractual cash flows | (23,654,946) | (28,712,826) |
Liquidity risk | Debt securities | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,714,260) | (804,279) |
Liquidity risk | Debt securities | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (519,867) | (632,233) |
Liquidity risk | Debt securities | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,039,733) | (1,264,465) |
Liquidity risk | Debt securities | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (10,876,254) | (14,111,647) |
Liquidity risk | Debt securities | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (9,504,832) | (11,900,202) |
Liquidity risk | Lease liabilities | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 3,055,231 | 4,773,454 |
Non-derivative financial liabilities, Contractual cash flows | (5,186,425) | (7,545,432) |
Liquidity risk | Lease liabilities | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (772,668) | (1,138,393) |
Liquidity risk | Lease liabilities | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (583,181) | (935,169) |
Liquidity risk | Lease liabilities | 1-2 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (918,574) | (1,191,070) |
Liquidity risk | Lease liabilities | 2-5 years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,458,421) | (2,092,223) |
Liquidity risk | Lease liabilities | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (1,453,581) | (2,188,577) |
Liquidity risk | Trade and other payables | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 6,932,734 | 7,582,037 |
Non-derivative financial liabilities, Contractual cash flows | (7,233,483) | (7,905,044) |
Liquidity risk | Trade and other payables | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (7,089,288) | (7,899,561) |
Liquidity risk | Trade and other payables | 6-12 months | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (5,483) | |
Liquidity risk | Trade and other payables | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (144,195) | |
Liquidity risk | Due to related parties | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 242,246 | 107,031 |
Non-derivative financial liabilities, Contractual cash flows | (334,850) | (143,398) |
Liquidity risk | Due to related parties | 6 months or less | ||
Disclosure of Risks [line items] | ||
Non-derivative financial liabilities, Contractual cash flows | (334,850) | (143,398) |
Liquidity risk | Consideration payable in relation to acquisition of BeST and Boyut Enerji | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 666,613 | 1,250,972 |
Non-derivative financial liabilities, Contractual cash flows | (1,879,158) | (2,200,500) |
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 | (9,328) | (10,949) |
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 | (108,758) | (120,426) |
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 | (1,761,072) | (2,069,125) |
Liquidity risk | Currency and interest swap contracts | ||
Disclosure of Risks [line items] | ||
Financial liabilities | 150,924 | 117,165 |
Derivative financial liabilities, Contractual cash flows | 349,200 | 261,527 |
Liquidity risk | Currency and interest swap contracts | 6 months or less | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 67,542 | 33,455 |
Liquidity risk | Currency and interest swap contracts | 6-12 months | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 63,038 | 32,439 |
Liquidity risk | Currency and interest swap contracts | 1-2 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 95,405 | 34,368 |
Liquidity risk | Currency and interest swap contracts | 2-5 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 123,561 | 161,265 |
Liquidity risk | Currency and interest swap contracts | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (346) | |
Liquidity risk | Currency and interest swap contracts buy option | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (11,117,506) | 4,326,736 |
Liquidity risk | Currency and interest swap contracts buy option | 6 months or less | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (10,419,790) | 470,483 |
Liquidity risk | Currency and interest swap contracts buy option | 6-12 months | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (940,582) | 472,047 |
Liquidity risk | Currency and interest swap contracts buy option | 1-2 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 116,844 | 885,997 |
Liquidity risk | Currency and interest swap contracts buy option | 2-5 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 134,779 | 2,498,209 |
Liquidity risk | Currency and interest swap contracts buy option | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (8,757) | |
Liquidity risk | Currency and interest swap contracts sell option | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 11,466,706 | (4,065,209) |
Liquidity risk | Currency and interest swap contracts sell option | 6 months or less | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 10,487,332 | (437,028) |
Liquidity risk | Currency and interest swap contracts sell option | 6-12 months | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | 1,003,620 | (439,608) |
Liquidity risk | Currency and interest swap contracts sell option | 1-2 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (21,439) | (851,629) |
Liquidity risk | Currency and interest swap contracts sell option | 2-5 years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | (11,218) | ₺ (2,336,944) |
Liquidity risk | Currency and interest swap contracts sell option | More than 5 Years | ||
Disclosure of Risks [line items] | ||
Derivative financial liabilities, Contractual cash flows | ₺ 8,411 |
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, 2022 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 CNY (¥) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | Dec. 31, 2021 CNY (¥) |
USD | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | $ 46,477 | $ 153,530 | ||||
USD | Financial assets [member] | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 600,934 | 925,142 | ||||
USD | Other non-current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 69 | 188 | ||||
USD | Financial assets at fair value through other comprehensive income | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 167,157 | 85,029 | ||||
USD | Due from related parties - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 71 | |||||
USD | Trade receivables and contract assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 25,125 | 14,729 | ||||
USD | Other current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 14,580 | 10,297 | ||||
USD | Cash and cash equivalents | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | 393,932 | 814,899 | ||||
USD | Financial liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (1,483,790) | (1,550,424) | ||||
USD | Loans and borrowings - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (275,615) | (302,607) | ||||
USD | Debt securities issued - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (909,499) | (942,374) | ||||
USD | Lease obligations - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (1,210) | (3,460) | ||||
USD | Other non current liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (35,476) | (56,888) | ||||
USD | Loans and borrowings - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (94,765) | (89,379) | ||||
USD | Debt securities issued - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (53,862) | (55,938) | ||||
USD | Lease obligations - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (3,076) | (2,589) | ||||
USD | Other current liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (886) | (953) | ||||
USD | Trade and other payables | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | (109,401) | (96,236) | ||||
USD | Financial liabilities defined as hedging instruments | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | 13,763 | 16,987 | ||||
USD | Participating cross currency swap and FX swap contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | 376,307 | 244,583 | ||||
USD | Currency forward contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | $ 539,263 | $ 517,242 | ||||
EUR | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | € (133,910) | € (279,494) | ||||
EUR | Financial assets [member] | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 702,818 | 183,653 | ||||
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 | € | 115,995 | 16,453 | ||||
EUR | Due from related parties - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 13 | |||||
EUR | Trade receivables and contract assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 22,977 | 20,135 | ||||
EUR | Other current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 6,455 | 5,931 | ||||
EUR | Cash and cash equivalents | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | € | 557,380 | 141,110 | ||||
EUR | Financial liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (784,060) | (756,849) | ||||
EUR | Loans and borrowings - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (565,765) | (504,992) | ||||
EUR | Lease obligations - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (12,474) | (16,829) | ||||
EUR | Loans and borrowings - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (180,091) | (205,687) | ||||
EUR | Lease obligations - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (3,060) | (3,274) | ||||
EUR | Other current liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (5,156) | (8,752) | ||||
EUR | Trade and other payables | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (17,514) | (17,010) | ||||
EUR | Due to related parties | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | € | (305) | |||||
EUR | Financial liabilities defined as hedging instruments | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | 302,482 | 261,680 | ||||
EUR | Participating cross currency swap and FX swap contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | (355,000) | € 32,022 | ||||
EUR | Currency forward contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | € | € (150) | |||||
CNY | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | ¥ | ¥ (437,692) | ¥ (556,962) | ||||
CNY | Financial assets [member] | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | ¥ | 203,487 | 85,679 | ||||
CNY | Other current assets | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | ¥ | 9,057 | 14,079 | ||||
CNY | Cash and cash equivalents | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets | ¥ | 194,430 | 71,600 | ||||
CNY | Financial liabilities | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (923,632) | (810,117) | ||||
CNY | Loans and borrowings - non-current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (404,695) | (344,052) | ||||
CNY | Loans and borrowings - current | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (149,310) | (102,395) | ||||
CNY | Trade and other payables | ||||||
Disclosure of Risks [line items] | ||||||
Financial liabilities | ¥ | (369,627) | (363,670) | ||||
CNY | Participating cross currency swap and FX swap contracts | ||||||
Disclosure of Risks [line items] | ||||||
Financial assets (liabilities) | ¥ | ¥ 282,453 | ¥ 167,476 |
Financial Instruments - Summa_5
Financial Instruments - Summary of 10 Percentage Strengthening/Weakening of Foreign Exchange Rate (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
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 | ₺ (297,372) | ₺ (346,599) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 297,372 | 346,599 |
Increase (decrease) in equity due to potential appreciation of foreign currency | (49,455) | (39,278) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 49,455 | 43,055 |
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 | 86,904 | 191,136 |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | (86,904) | (191,136) |
Increase (decrease) in equity due to potential appreciation of foreign currency | (25,335) | (17,218) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 25,335 | 20,995 |
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 | 86,904 | 191,136 |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | (86,904) | (191,136) |
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 | (25,335) | (17,218) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 25,335 | 20,995 |
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 | (266,948) | (421,664) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 266,948 | 421,664 |
Increase (decrease) in equity due to potential appreciation of foreign currency | (25,720) | (24,020) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 25,720 | 24,020 |
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 | (266,948) | (421,664) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 266,948 | 421,664 |
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 | (25,720) | (24,020) |
Increase (decrease) in equity due to potential depreciation of foreign currency | 25,720 | 24,020 |
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 | (117,328) | (116,071) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 117,328 | 116,071 |
Increase (decrease) in equity due to potential appreciation of foreign currency | 1,600 | 1,960 |
Increase (decrease) in equity due to potential depreciation of foreign currency | (1,600) | (1,960) |
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 | (117,328) | (116,071) |
Increase (decrease) in profit (loss) due to potential depreciation of foreign currency | 117,328 | 116,071 |
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 | 1,600 | 1,960 |
Increase (decrease) in equity due to potential depreciation of foreign currency | ₺ (1,600) | ₺ (1,960) |
Financial Instruments - Summa_6
Financial Instruments - Summary of Interest-Bearing Financial Instruments (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amount | ₺ (53,854,350) | ₺ (60,415,291) |
USD | Floating interest rate | ||
Disclosure of detailed information about financial instruments [line items] | ||
Effective Interest Rate | 4.40% | 3.20% |
Carrying amount | ₺ (4,635,140) | ₺ (6,569,574) |
EUR | Floating interest rate | ||
Disclosure of detailed information about financial instruments [line items] | ||
Effective Interest Rate | 3.20% | 2.30% |
Carrying amount | ₺ (13,673,783) | ₺ (15,093,891) |
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, 2022 | Dec. 31, 2021 |
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 | ₺ (315,213) | ₺ (170,482) |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | 315,213 | 170,482 |
Financial liabilities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in profit (loss) due to potential increase in interest rate | (315,213) | (170,482) |
Increase (decrease) in profit (loss) due to potential decrease in interest rate | ₺ 315,213 | ₺ 170,482 |
Financial Instruments - Summa_8
Financial Instruments - Summary of Quantitative Information about Significant Unobservable Inputs Used in Level 3 Fair Value Measurement of Contingent Consideration (Detail) - Level 3 - Contingent consideration ₺ in Thousands | 12 Months Ended |
Dec. 31, 2021 TRY (₺) | |
Disclosure of fair value of contingent consideration [line items] | |
Contingent consideration | ₺ 1,245,592 |
Discount rate, measurement input | |
Disclosure of fair value of contingent consideration [line items] | |
Percentage of reasonably possible increase in unobservable input, liabilities | 1% |
Percentage of reasonably possible decrease in unobservable input, liabilities | 1% |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, liabilities | ₺ (51,092) |
Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, liabilities | ₺ 55,485 |
Discount rate, measurement input | Minimum | |
Disclosure of fair value of contingent consideration [line items] | |
Significant unobservable input, liabilities | 0.068 |
Discount rate, measurement input | Maximum | |
Disclosure of fair value of contingent consideration [line items] | |
Significant unobservable input, liabilities | 0.080 |
Expected settlement date | |
Disclosure of fair value of contingent consideration [line items] | |
Period of reasonably possible increase in unobservable input, liabilities | 1 year |
Period of reasonably possible decrease in unobservable input, liabilities | 1 year |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, liabilities | ₺ (53,167) |
Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, liabilities | ₺ 57,145 |
Financial Instruments - Summa_9
Financial Instruments - Summary of Consideration Payable in Relation to Acquisition (Detail) - BeST - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [line items] | ||
Contingent consideration at beginning of year | ₺ 1,245,592 | ₺ 1,063,778 |
Losses recognized in profit or loss | (758,261) | 463,869 |
Inflation adjustment | ₺ (487,331) | (282,055) |
Contingent consideration at end of year | ₺ 1,245,592 |
Financial Instruments - Detaile
Financial Instruments - Detailed Information About In Carrying And Fair value of Borrowings (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Bank loans | ||
Financial assets | ||
Financial liabilities | ₺ 22,900,345 | ₺ 27,426,863 |
Financial liabilities, at fair value | 21,453,658 | 27,305,679 |
Debt securities | ||
Financial assets | ||
Financial liabilities | 18,013,208 | 21,858,526 |
Financial liabilities, at fair value | ₺ 16,573,025 | ₺ 21,739,016 |
Guarantees and purchase oblig_2
Guarantees and purchase obligations - Additional Information (Detail) ₺ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 USD ($) | Nov. 30, 2022 USD ($) | Dec. 31, 2021 TRY (₺) | |
Disclosure of guarantees and purchase obligations [line items] | ||||
Purchase commitments | ₺ 3,927,476 | ₺ 2,154,164 | ||
Purchase commitments settlement term | 4 years | |||
Guarantees | ₺ 9,824,311 | 11,393,815 | ||
Receivables from reverse repo | 3,704,160 | ₺ 0 | ||
BeST | ||||
Disclosure of guarantees and purchase obligations [line items] | ||||
Investment commitment | ₺ 1,869,830 | $ 100,000 | $ 100,000 |
Commitments and Contingencies -
Commitments and Contingencies - Dispute to Special Communication Tax and Value Added Tax - Additional Information (Detail) - Dispute on special communication tax and value added tax [member] - TRY (₺) ₺ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of commitments and contingencies [line items] | ||
Tax collected by Large Taxpayers Office by offsetting receivables | ₺ 80,355 | |
Overpaid amount returned | ₺ 47,534 | |
Tacit rejection cancelled | ₺ 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 | ||||
Jun. 22, 2022 TRY (₺) | Apr. 09, 2020 TRY (₺) | Jun. 12, 2019 TRY (₺) | Apr. 30, 2022 TRY (₺) | Dec. 31, 2022 TRY (₺) lawsuit | Dec. 31, 2019 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 | 3 | ||||
Reimbursement of damage claimed | ₺ 215,555 | |||||
Actual damage claimed | 71,851 | |||||
Actual damage claimed for previous year loss | 40,600 | |||||
Actual damage claimed for fixed asset loss | 14,335 | |||||
Actual damage claimed for leasing, exchange difference and financing loss | 14,163 | |||||
Actual damage claimed for profit loss | 2,751 | |||||
Interest charge cancelled | 34,142 | |||||
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 | |||||
Disputes regarding the law on the protection of competition - dispute two [member] | ||||||
Disclosure of commitments and contingencies [line items] | ||||||
Administrative fine imposed | ₺ 91,942 | ₺ 61,294 | ||||
Discount on administrative fines on protection of competition (as a percent) | 25% | |||||
Discounted administrative fine | ₺ 45,971 | |||||
Disputes regarding the law on the protection of competition - dispute three | ||||||
Disclosure of commitments and contingencies [line items] | ||||||
Amount claimed from company in lawsuit | ₺ 500 | |||||
Multiplication factor of loss amount claimed | 3 |
Commitments and Contingencies_3
Commitments and Contingencies - ICTA Investigation Regarding the R&D Obligations - Additional Information (Detail) ₺ in Thousands | 12 Months Ended | |||||||||||||
Feb. 24, 2023 TRY (₺) | Jan. 31, 2023 TRY (₺) | Jan. 26, 2023 TRY (₺) | Jan. 02, 2023 TRY (₺) | Oct. 27, 2022 TRY (₺) | Sep. 23, 2022 TRY (₺) | Sep. 02, 2022 TRY (₺) | Jul. 28, 2022 TRY (₺) | Mar. 17, 2022 TRY (₺) | Jan. 20, 2022 TRY (₺) | Feb. 26, 2021 TRY (₺) | Jan. 29, 2021 TRY (₺) | Dec. 31, 2022 TRY (₺) item | Dec. 31, 2021 item | |
ICTA Investigation Regarding the R&D Obligations (Period of 2013-2016) [member] | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 18,031 | |||||||||||||
Discounted administrative fine | ₺ 13,523 | |||||||||||||
Number of lawsuits | item | 10 | |||||||||||||
Number of lawsuits rejected by court | item | 8 | |||||||||||||
ICTA Investigation Regarding the R&D Obligations (Period of 2016-2017) [member] | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 31,139 | |||||||||||||
Discounted administrative fine | ₺ 23,354 | |||||||||||||
Number of lawsuits | item | 7 | |||||||||||||
Number of lawsuits rejected by court | item | 4 | |||||||||||||
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 | item | 5 | |||||||||||||
ICTA - Inspection on Service Quality (2020 H2) | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 568 | |||||||||||||
Discounted administrative fine | ₺ 426 | |||||||||||||
ICTA - Investigation of 3G and 4,5G Coverage Obligations | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 1,459 | |||||||||||||
Discounted administrative fine | ₺ 1,094 | |||||||||||||
ICTA - Directory Assistance Service Investigation | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 1,250 | |||||||||||||
Discounted administrative fine | ₺ 938 | |||||||||||||
ICTA - Refunds Investigation | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount to be transferred to the Ministry, along with late fee | ₺ 412 | |||||||||||||
Amount that could not be refunded to subscribers | ₺ 161 | |||||||||||||
ICTA - Refunds Investigation | Payments of discounted administrative fine | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 5,680 | |||||||||||||
Discounted administrative fine | ₺ 4,260 | |||||||||||||
ICTA - Sub-Agency/Dealership Investigation | Payments of discounted administrative fine | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 894 | |||||||||||||
Discounted administrative fine | ₺ 625 | |||||||||||||
ICTA - Fizy Service Investigation | Payments of discounted administrative fine | ||||||||||||||
Disclosure of commitments and contingencies [line items] | ||||||||||||||
Amount of fine imposed | ₺ 1,682 | |||||||||||||
Discounted administrative fine | ₺ 1,262 |
Commitments and Contingencies_4
Commitments and Contingencies - Other ongoing lawsuits and tax investigations (Detail) - TRY (₺) ₺ in Thousands | 1 Months Ended | 12 Months Ended | ||
Jan. 29, 2021 | Nov. 30, 2019 | Dec. 31, 2021 | Dec. 31, 2022 | |
Turkcell Odeme | ||||
Disclosure of commitments and contingencies [line items] | ||||
Amount of fine imposed | ₺ 18,763 | |||
Other Disputes [member] | ||||
Disclosure of commitments and contingencies [line items] | ||||
Provisions | ₺ 53,603 | ₺ 4,629 | ||
Arbitration related to frequency license [member] | ||||
Disclosure of commitments and contingencies [line items] | ||||
Amount paid with reservation of right to take legal action | ₺ 13,465 | ₺ 128,429 |
Related Parties - Additional In
Related Parties - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Related party transactions [abstract] | ||
Key management executive officers personnel loans | ₺ 0 | ₺ 0 |
Amount of letters of guarantee given to the related parties | ₺ 133,277 | ₺ 159,563 |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Key Management Personnel Compensation [Abstract] | |||
Short-term benefits | ₺ 184,952 | ₺ 180,688 | ₺ 207,952 |
Long-term benefits | 1,848 | 2,177 | 2,591 |
Termination benefits | 958 | 375 | 15,514 |
Share based payments | 837 | 13,733 | |
Key management personnel compensation | ₺ 187,758 | ₺ 184,077 | ₺ 239,790 |
Related Parties - Schedule of T
Related Parties - Schedule of Transactions with Related Parties (Detail) - TRY (₺) ₺ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | ₺ 1,468,806 | ₺ 909,594 | ₺ 190,081 | |
Related party expenses | 3,499,022 | 1,938,466 | 294,848 | |
Turk Telekom Mobil Iletisim Hizmetleri A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 673,733 | |||
Related party expenses | 630,606 | |||
Turk Hava Yollari A.S | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 174,092 | 146,766 | 32,642 | |
Enerji Piyasalari Isletme A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 170,754 | 407,346 | 53,904 | |
Related party expenses | 1,777,886 | 1,660,989 | 183,235 | |
Ziraat Bankasi | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 71,969 | 96,898 | 23,356 | |
Gunes Express Havacilik A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 65,385 | 33,196 | 6,511 | |
TOGG | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 58,129 | 10,769 | ||
Turk Telekomunikasyon A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 56,472 | |||
Related party expenses | 745,220 | |||
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 | 52,746 | 79,102 | 23,635 | |
Related party expenses | 85,155 | 115,639 | 31,844 | |
TVF IFM Gayrimenkul Insaat ve Yonetim A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 43,818 | 2,624 | ||
Turkiye Vakiflar Bankasi TAO | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 30,642 | 29,625 | 14,157 | |
Turkiye Halk Bankasi A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 16,828 | 16,485 | 5,214 | |
Turkiye Hayat ve Emeklilik A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 15,020 | 21,568 | 4,057 | |
Ziraat Katilim Bankasi A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 8,970 | 6,480 | 1,120 | |
Borsa Istanbul A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 5,357 | 23,742 | 7,853 | |
Sofra | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 1,765 | 2,041 | 2,877 | |
Related party expenses | 47,732 | 58,444 | 61,037 | |
Istanbul Takas ve Saklama Bankasi A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Related party expenses | 88,387 | 90 | ||
Boru Hatlari Ile Petrol Tasima A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Related party expenses | 40,462 | 38,381 | 8,298 | |
Posta ve Telgraf Teskilati A.S. | ||||
Disclosure of transactions between related parties [line items] | ||||
Related party expenses | 25,017 | 28,476 | 3,820 | |
Other | ||||
Disclosure of transactions between related parties [line items] | ||||
Revenue from related parties | 23,126 | 32,952 | 14,755 | |
Related party expenses | ₺ 58,557 | ₺ 36,447 | ₺ 6,614 |
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, 2022 TRY (₺) | Dec. 31, 2021 TRY (₺) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) |
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | ₺ 16,181,349 | ₺ 11,347,543 | ||
Loss Allowance | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | (20,974) | (8,215) | ||
Banks - Time deposits | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 14,178,529 | 12,682,382 | ||
Banks - Time deposits | Gross Carrying Amount | Turkiye Vakiflar Bankasi TAO | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 5,748,392 | 3,623,180 | ||
Banks - Demand deposits | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 234,117 | 253,463 | ||
Currency Protected Time Deposit [Member] | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 1,359,651 | |||
Currency Deposit Account | Turkiye Vakiflar Bankasi TAO | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | $ 15,000 | € 50,000 | ||
Receivables from reverse repo | Gross Carrying Amount | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | 3,704,160 | |||
Bank borrowings [member] | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | (2,791,256) | (1,252,741) | ||
Debt securities issued | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | (357,497) | (167,453) | ||
Lease liabilities | ||||
Financial assets and liabilities with related parties | ||||
Financial assets (liabilities) with related parties | ₺ (125,381) | ₺ (159,893) |
Related Parties - Summary of Ti
Related Parties - Summary of Time Deposits at Related Parties (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | ₺ 16,181,349 | ₺ 11,347,543 |
Banks - Time deposits | Gross Carrying Amount | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | 14,178,529 | 12,682,382 |
Banks - Time deposits | Gross Carrying Amount | Ziraat Bankasi | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | 2,003,561 | 4,405,389 |
Banks - Time deposits | Gross Carrying Amount | Turkiye Vakiflar Bankasi TAO | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | 5,748,392 | 3,623,180 |
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 | 5,140,582 | 3,996,354 |
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 | ₺ 1,285,994 | 657,354 |
Banks - Time deposits | Gross Carrying Amount | Other | ||
Disclosure of transactions between related parties [line items] | ||
Financial assets (liabilities) with related parties | ₺ 105 |
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, 2022 TRY (₺) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 CNY (¥) | Dec. 31, 2021 TRY (₺) | |
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | ₺ 16,181,349 | ₺ 11,347,543 | ||||
Banks - Time deposits | Gross Carrying Amount | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | ₺ 14,178,529 | 12,682,382 | ||||
Banks - Time deposits | Gross Carrying Amount | USD | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | $ | $ 187,624 | |||||
Effective interest rate of financial assets, related party | 3% | |||||
Financial assets (liabilities) with related parties | ₺ 3,510,080 | |||||
Banks - Time deposits | Gross Carrying Amount | EUR | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | € | € 395,430 | |||||
Effective interest rate of financial assets, related party | 2.70% | |||||
Financial assets (liabilities) with related parties | ₺ 7,888,259 | |||||
Banks - Time deposits | Gross Carrying Amount | TL | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | ₺ 2,774,821 | |||||
Effective interest rate of financial assets, related party | 23.90% | |||||
Financial assets (liabilities) with related parties | ₺ 2,778,946 | |||||
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 | ₺ 1,244 | |||||
Receivables from reverse repo | Gross Carrying Amount | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | ₺ 3,704,160 | |||||
Receivables from reverse repo | Gross Carrying Amount | USD | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | $ | $ 70,000 | |||||
Effective interest rate of financial assets, related party | 3% | |||||
Financial assets (liabilities) with related parties | ₺ 1,309,849 | |||||
Receivables from reverse repo | Gross Carrying Amount | EUR | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | € | € 120,025 | |||||
Effective interest rate of financial assets, related party | 2.80% | |||||
Financial assets (liabilities) with related parties | ₺ 2,394,311 | |||||
Bank borrowings [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | (2,791,256) | (1,252,741) | ||||
Bank borrowings [member] | TL | January 2023 - October 2023 | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | 1,802,550 | |||||
Financial assets (liabilities) with related parties | (1,934,918) | |||||
Bank borrowings [member] | TL | February 2023 - December 2023 | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | 536,714 | |||||
Financial assets (liabilities) with related parties | (537,478) | |||||
Bank borrowings [member] | 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 | ₺ (36,818) | |||||
Bank borrowings [member] | TL | May 2023 | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | ₺ 39,900 | |||||
Effective interest rate of financial liabilities, related party | 16.40% | |||||
Financial assets (liabilities) with related parties | ₺ (40,795) | |||||
Bank borrowings [member] | 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 [member] | 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 [member] | 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 [member] | 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 [member] | CNY | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Nominal amount, related party transactions | ¥ | ¥ 89,997 | |||||
Effective interest rate of financial liabilities, related party | 3.70% | |||||
Financial assets (liabilities) with related parties | ₺ (241,247) | |||||
Debt securities issued | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | (357,497) | (167,453) | ||||
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 | ₺ (202,005) | |||||
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 | ₺ (155,492) | |||||
Lease liabilities | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | (125,381) | ₺ (159,893) | ||||
Lease liabilities | EUR | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | ₺ (74,012) | |||||
Lease liabilities | EUR | Minimum | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Effective interest rate of financial liabilities, related party | 0.20% | |||||
Lease liabilities | EUR | Maximum | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Effective interest rate of financial liabilities, related party | 5.10% | |||||
Lease liabilities | TL | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Financial assets (liabilities) with related parties | ₺ (51,369) | |||||
Lease liabilities | TL | Minimum | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Effective interest rate of financial liabilities, related party | 11.70% | |||||
Lease liabilities | TL | Maximum | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Effective interest rate of financial liabilities, related party | 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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | ₺ 938,299 | ₺ 706,714 | ₺ 217,367 |
Interest expense to related parties | 443,028 | 51,373 | 9,707 |
Turkiye Vakiflar Bankasi TAO | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 501,390 | 200,171 | 62,469 |
Interest expense to related parties | 311,772 | 33,587 | 104 |
Ziraat Bankasi | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 212,458 | 184,958 | 76,842 |
Interest expense to related parties | 67,422 | 9,977 | 3,942 |
Halk Varlik Kiralama AS [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Interest expense to related parties | 60,387 | 7,530 | |
Turkiye Halk Bankasi A.S. | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 188,154 | 316,717 | 74,398 |
Interest expense to related parties | 2,328 | 4,469 | |
Ziraat Katilim Bankasi A.S. | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 36,247 | 675 | |
Interest expense to related parties | 537 | 62 | |
Other | |||
Disclosure of transactions between related parties [line items] | |||
Interest income from related parties | 50 | 4,193 | 3,658 |
Interest expense to related parties | ₺ 582 | ₺ 217 | ₺ 1,192 |
Subsidiaries - Schedule of Subs
Subsidiaries - Schedule of Subsidiaries, Associates and Joint Venture (Detail) | Dec. 31, 2022 | Dec. 31, 2021 | 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 (1) | ||
Country of Incorporation | Turkiye | ||
Business | Dijital educations | ||
Effective Ownership Interest | 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 (2) | ||
Country of Incorporation | Turkiye | ||
Business | Dijital agency activities | ||
Effective Ownership Interest | 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 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 (3) | ||
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% | 100% | |
BeST | |||
Disclosure of subsidiaries [line items] | |||
Name of Subsidiaries | BeST (4) | ||
Country of Incorporation | Republic of Belarus | ||
Business | Telecommunications | ||
Effective Ownership Interest | 100% | 80% | |
Turkcell GSYF | |||
Disclosure of subsidiaries [line items] | |||
Name of Subsidiaries | Turkcell GSYF (5) | ||
Country of Incorporation | Turkiye | ||
Business | Venture capital investment fund | ||
Effective Ownership Interest | 100% | ||
W3 | |||
Disclosure of subsidiaries [line items] | |||
Name of Subsidiaries | W3 | ||
Country of Incorporation | Turkiye | ||
Business | Information technology | ||
Effective Ownership Interest | 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% | 80% | |
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 | 33% | 33% |
Subsidiaries - Schedule of Su_2
Subsidiaries - Schedule of Subsidiaries, Associates and Joint Venture - Additional Information (Detail) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 09, 2022 | Dec. 31, 2021 |
Disclosure of subsidiaries [line items] | |||
Issued capital | ₺ 2,200,000 | ₺ 2,200,000 | |
Dijital Egitim | |||
Disclosure of subsidiaries [line items] | |||
Issued capital | ₺ 100 | ||
Dijital Egitim | Turkcell Dijital | |||
Disclosure of subsidiaries [line items] | |||
Proportion of voting rights held in subsidiary | 51% | ||
Dijital Egitim | Sahinkaya Ozel Egitim Kurumlari A.S. | |||
Disclosure of subsidiaries [line items] | |||
Proportion of voting rights held in subsidiary | 49% | ||
BeST | |||
Disclosure of subsidiaries [line items] | |||
Percentage of ownership interest in entity acquired | 20% |
Investments accounted for usi_3
Investments accounted for using the equity method - Carrying value of Joint venture (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Sofra | ||
Joint ventures | ||
Investments in joint ventures | ₺ 18,218 | ₺ 30,152 |
Investments accounted for usi_4
Investments accounted for using the equity method - Carrying value associates (Details) - TRY (₺) ₺ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
TOGG | ||
Associates | ||
Investments in associates | ₺ 2,288,646 | ₺ 1,344,216 |
Investments accounted for usi_5
Investments accounted for using the equity method - Reconciliation (Details) - TRY (₺) ₺ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Investments accounted for using the equity method | |||
Opening balance | ₺ 1,374,368 | ₺ 278,365 | |
Shares of profit | 316,934 | 116,101 | ₺ (20,934) |
Contribution to capital increase | 615,562 | 979,902 | 187,150 |
Closing balance | ₺ 2,306,864 | ₺ 1,374,368 | ₺ 278,365 |
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, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | ₺ (57,031,756) | ₺ (50,038,765) |
Cash inflows | (31,346,201) | (22,946,242) |
Cash outflows | 31,355,883 | 27,249,656 |
Acquisition through business combination | (249,512) | |
Other non-cash movements | (21,038,925) | (29,416,680) |
Inflation adjustment | 26,088,141 | 18,369,787 |
Ending balance | (51,972,858) | (57,031,756) |
Liabilities arising from financing activities, liabilities [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (60,415,291) | (48,254,190) |
Cash inflows | (34,964,224) | (26,574,150) |
Cash outflows | 34,551,032 | 30,701,779 |
Acquisition through business combination | (249,512) | |
Other non-cash movements | (19,499,443) | (34,347,325) |
Inflation adjustment | 26,473,576 | 18,308,107 |
Ending balance | (53,854,350) | (60,415,291) |
Debt securities issued | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (22,025,979) | (16,458,220) |
Cash inflows | (2,714,215) | (386,103) |
Cash outflows | 3,331,412 | 1,297,867 |
Other non-cash movements | (7,298,371) | (13,059,824) |
Inflation adjustment | 9,569,233 | 6,580,301 |
Ending balance | (19,137,920) | (22,025,979) |
Loans | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (33,615,858) | (27,104,130) |
Cash inflows | (32,250,009) | (26,188,047) |
Cash outflows | 28,603,546 | 26,090,463 |
Acquisition through business combination | (249,512) | |
Other non-cash movements | (9,410,822) | (16,352,579) |
Inflation adjustment | 15,011,944 | 10,187,947 |
Ending balance | (31,661,199) | (33,615,858) |
Lease liabilities | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | (4,773,454) | (4,691,840) |
Cash outflows | 2,616,074 | 3,313,449 |
Other non-cash movements | (2,790,250) | (4,934,922) |
Inflation adjustment | 1,892,399 | 1,539,859 |
Ending balance | (3,055,231) | (4,773,454) |
Derivative Assets, net | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 3,383,535 | (1,784,575) |
Cash inflows | 3,618,023 | 3,627,908 |
Cash outflows | (3,195,149) | (3,452,123) |
Other non-cash movements | (1,539,482) | 4,930,645 |
Inflation adjustment | (385,435) | 61,680 |
Ending balance | ₺ 1,881,492 | ₺ 3,383,535 |
Subsequent events - Earthquakes
Subsequent events - Earthquakes Centered in Kahramanmaras (Details) ₺ in Billions | Feb. 09, 2023 TRY (₺) |
Earthquakes centered in Kahramanmaras | Maximum | |
Subsequent events | |
Benefits and aid provided to earthquake victims | ₺ 3.5 |
Subsequent events - Turkcell Di
Subsequent events - Turkcell Dijital Teknolojileri Ltd (Details) - TRY (₺) ₺ in Thousands | Jan. 26, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Subsequent events | |||
Paid-in capital | ₺ 2,200,000 | ₺ 2,200,000 | |
Incorporation of subsidiary | Turkcell Dijital Teknolojileri Ltd [Member] | |||
Subsequent events | |||
Paid-in capital | ₺ 500 | ||
Incorporation of subsidiary | Lifecell Digital | Turkcell Dijital Teknolojileri Ltd [Member] | |||
Subsequent events | |||
Ownership percentage | 99.9998% | ||
Incorporation of subsidiary | Kibris Telekom | Turkcell Dijital Teknolojileri Ltd [Member] | |||
Subsequent events | |||
Ownership percentage | 0.0002% |
Subsequent events - Board of Di
Subsequent events - Board of Directors' share buy-back (Details) - TRY (₺) ₺ / shares in Units, ₺ in Thousands | 12 Months Ended | |
Feb. 17, 2023 | Dec. 31, 2020 | |
Subsequent events | ||
Value of shares purchased | ₺ 25,030 | |
Share buy-back | ||
Subsequent events | ||
Number of shares purchased | 1,000,000 | |
Value of shares purchased | ₺ 33,884 | |
Share buy-back | Minimum | ||
Subsequent events | ||
Price per share | ₺ 33.46 | |
Share buy-back | Maximum | ||
Subsequent events | ||
Price per share | 34 | |
Share buy-back | Average | ||
Subsequent events | ||
Price per share | ₺ 33.88 |
Subsequent events - Turkcell Od
Subsequent events - Turkcell Odeme and Turkcell Finansman AS (Details) - TRY (₺) ₺ in Thousands | Mar. 06, 2023 | Feb. 01, 2023 | Nov. 23, 2022 | Dec. 31, 2022 | Nov. 03, 2022 |
Subsequent events | |||||
Issuance of debt securities | ₺ 500,000 | ||||
Debt securities issuance limit | ₺ 1,000,000 | ₺ 1,000,000 | |||
Issuance of securities and lease certificates | Turkcell Odeme | |||||
Subsequent events | |||||
Issuance of lease certificate | ₺ 150,000 | ||||
Lease certificate issuance limit | ₺ 1,000,000 | ||||
Issuance of securities and lease certificates | Turkcell Finansman | |||||
Subsequent events | |||||
Issuance of debt securities | ₺ 250,000 | ||||
Debt securities issuance limit | ₺ 1,000,000 |
Subsequent events - Sofra (Deta
Subsequent events - Sofra (Details) - TRY (₺) ₺ in Thousands | Apr. 13, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Sofra | |||
Subsequent events | |||
Ownership percentage in joint venture | 33% | 33% | |
Turkcell Odeme | |||
Subsequent events | |||
Ownership percentage | 100% | 100% | |
Sofra acquisition | Turkcell Odeme | |||
Subsequent events | |||
Consideration transferred | ₺ 763 | ||
Sofra acquisition | Turkcell Odeme | Sofra | |||
Subsequent events | |||
Percentage of shares acquired | 33.30% | ||
Ownership percentage in joint venture | 33.30% | ||
Sofra acquisition | Turkcell Odeme | |||
Subsequent events | |||
Ownership percentage | 100% |
Subsequent events - GSM License
Subsequent events - GSM License Agreement (Details) - Turkcell 2G license [member] € in Millions, ₺ in Billions | Apr. 30, 2023 EUR (€) installment | Apr. 07, 2023 EUR (€) | Apr. 07, 2023 TRY (₺) |
Subsequent events | |||
Extension fee for GSM license | € 120 | ||
VAT on extension fee for GSM license | € 21.6 | ||
Initial payment for extension fee for GSM license | € 81.6 | ₺ 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 | € 31.1 | ||
Period of payment of remaining license extension fee amount | 2 years |