Turkcell Iletisim Hizmetleri A.S
(NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Azerbaijan, Cyprus, Germany, and the Netherlands. It operates through two segments, Turkcell Turkey and Turkcell International. It offers voice, data, and video communication solutions to its individual and corp...

Website: http://www.turkcell.com.tr

Founded: 1994

Sector: Communication Services

Industry: Telecom Services

Telecommunication

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Quarterly

Annual

Unit: USD	2025-11-07	2025-08-14	2025-05-12	2025-02-28	2024-12-31	2024-11-08	2024-09-13	2024-05-29	2024-03-22	2023-12-31	2023-11-07	2022-12-31	2022-08-18	2021-12-31	2021-08-16	2021-05-03	2021-02-22	2020-11-09	2019-12-31	2019-05-08	2018-12-31	2018-10-25	2018-02-25	2018-02-22	2017-12-31	2017-04-27	2016-05-02	2015-12-31	2015-04-30	2014-12-31	2014-10-24	2014-07-24	2014-04-25	2014-02-21	2013-12-31	2013-08-23	2012-07-26	2012-05-04	2012-02-24	2011-12-31	2011-11-03	2011-07-28	2011-04-29	2011-02-25	2010-12-31	2010-11-04	2010-09-30	2010-08-06	2010-06-30	2010-05-07	2010-03-31	2010-03-11	2009-12-31	2009-11-16	2009-06-30	2009-05-13	2009-03-16	2008-12-31	2008-08-12	2008-05-11	2008-02-27	2007-12-31	2007-11-22	2007-09-30	2007-05-11	2006-12-31	2006-11-08	2006-06-30	2005-12-31

revenue	162,434,767,000			158,854,007		109,356,051,000	65,289,279,000	29,474,711,000	102,962,781		62,697,062,000		22,459,250						18,562,791	5,433,471				20,350,557		3,936,632,000				5,511,386,357	961									1,335,939,000	1,472,227,000	1,455,115,000		5,982,093,000	1,486,565,000	1,539,600,000		1,467,746,000		1,488,182,000						1,283,105,000	2,055,923,000		1,755,058,000	1,574,380,000			1,503,516,000	1,722,766,000	1,294,761,000			1,165,347,000
yoy				-99.46%			4.13%		358.44%											-73.30%						-28.57%														-77.67%	-0.96%	-5.49%		307.57%		3.46%										-18.50%			16.73%	-8.61%				47.83%
qoq						67.49%	121.51%	28526.57%											241.64%											573505244.12%										-9.26%	1.18%			302.41%	-3.44%											-37.59%			11.48%				-12.73%	33.06%
revenue from financial services	8,760,720,000			7,817,357		5,236,110,000	3,037,108,000	1,347,623,000	4,153,403				712,822						898,985	241,888				941,918		115,970,000
total revenue	171,195,487,000			166,671,364		114,592,161,000	68,326,387,000	30,822,334,000	107,116,184		64,919,825,000		23,172,072						19,461,776	5,675,359				21,292,475								2,855.2																				8,936.4
cost of revenue	-116,765,996,000			-120,434,191		-83,164,204,000	-50,580,071,000	-23,208,854,000	-82,240,256		-39,476,637,000								-12,986,976	-3,829,729				-13,785,448		-2,557,854,000
cost of revenue from financial services	-5,964,249,000			-5,108,423		-3,474,228,000	-2,158,772,000	-971,162,000	-2,177,779										-188,207	-78,568				-360,545		-58,783,000
total cost of revenue	-122,730,245,000			-125,542,614		-86,638,432,000	-52,738,843,000	-24,180,016,000	-84,418,035		-40,432,896,000								-13,175,183	-3,908,297				-14,145,993
gross profit	45,668,771,000			38,419,816		26,191,847,000	14,709,208,000	6,265,857,000	20,722,525		24,486,929,000		6,212,925						5,575,815	1,603,742				6,565,109		1,435,965,000				2,136,772,742									653.7	375,124,000	613,427,000	539,712,000		2,633,058,000	624,612,000	696,745,000	696.7	668,728,000	668.7	642,973,000	643		2,692,871,641	1,121.1	656.6	652,450,000	1,120,424,000		908,045,000	749,278,000	1,143.7		735,090,000	922,915,000	608,766,000	380,742,000	1,522,968,000	518,349,000
yoy				-99.39%			-39.93%		233.54%											-75.57%						-32.80%														-85.75%	-1.79%	-22.54%		293.74%	93406808.93%	8.36%	8.35%		-100.00%	57351875.74%	-2.07%		140.34%		-100.00%	-12.92%	97964750.92%		23.53%	-18.81%	-100.00%		-51.73%	78.05%
qoq						78.06%	134.75%	30136.94%											247.68%																				-100.00%	-38.85%	13.66%			321.55%	-10.35%	100006359.02%	-100.00%	100004087.23%	-100.00%	99995700.93%			240198958.16%	70.74%	-100.00%	-41.77%			21.19%	65513408.79%			-20.35%	51.60%	59.89%	-75.00%	193.81%
gross margin %	28.12%	NaN%	NaN%	24.19%	NaN%	23.95%	22.53%	21.26%	20.13%	NaN%	39.06%	NaN%	27.66%	NaN%	NaN%	NaN%	NaN%	NaN%	30.04%	29.52%	NaN%	NaN%	NaN%	32.26%	NaN%	36.48%	NaN%	NaN%	NaN%	38.77%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	28.08%	41.67%	37.09%	NaN%	44.02%	42.02%	45.25%	Infinity%	45.56%	Infinity%	43.21%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	50.85%	54.50%	NaN%	51.74%	47.59%	Infinity%	NaN%	48.89%	53.57%	47.02%	Infinity%	Infinity%	44.48%
gross profit from financial services	2,796,471,000			2,708,934		1,761,882,000	878,336,000	376,461,000	1,975,624				473,594						710,778	163,320				581,373
total gross profit	48,465,242,000			41,128,750		27,953,729,000	15,587,544,000	6,642,318,000	22,698,149				6,686,519						6,286,593	1,767,062				7,146,482
other income	256,859,000			251,419		128,273,000	60,036,000	50,969,000	882,782										114,043	26,662				241,435		34,978,000				27,108,492										7,057,000	1,821,000	5,330,000		14,668,000	2,358,000	2,660,000		3,408,000		6,242,000						4,786,000	6,346,000		148,000	2,250,000			5,242,000	1,801,000	3,110,000	550,000	2,200,000
selling and marketing expenses	-11,339,008,000			-10,948,678		-7,073,088,000	-4,162,496,000	-1,757,911,000	-5,682,346										-1,152,036	-403,153				-1,626,714		-464,616,000				-902,854,768		-452.5								-246,666,000	-245,754,000	-256,908,000		-1,085,750,000	-289,461,000	-251,010,000		-286,048,000		-259,231,000		-1,676.2				-238,674,000	-366,778,000		-366,119,000	-292,638,000			-281,618,000	-296,853,000	-231,695,000
administrative expenses	-7,007,287,000			-6,919,862		-4,307,874,000	-2,456,155,000	-1,161,057,000	-3,429,518										-589,186	-190,569				-673,370		-199,832,000				-256,707,391		-129							-103.8	-56,146,000	-55,148,000	-65,129,000		-347,290,000	-95,186,000	-79,809,000	-79.8	-90,000,000	-90	-82,295,000	-82.3	-421.2	-70.55	-100.8	-63.6	-59,862,000	-87,901,000		-73,400,000	-72,208,000	-105.5		-54,427,000	-56,867,000	-52,432,000
net impairment losses on financial and contract assets	-920,365,000			-1,021,230		-763,125,000		-200,938,000	-1,008,164										-268,522	-70,335				-346,390
other incomes	-1,520,667,000			-2,577,904		-794,144,000	-506,795,000		-5,648,334										-408,814	-78,481				-381,582		-31,290,000				-62,650,010										-2,147,000	5,157,000	-128,123,000		-64,233,000	-19,834,000	-3,978,000		-7,851,000		-32,570,000						-3,469,000	-2,707,000		-21,617,000	-868,000			-2,083,000	558,000	-2,016,000
operating profit	27,934,774,000			19,912,495		15,143,771,000	8,052,933,000	3,304,028,000	7,812,569		25,622,617,000		8,275,330						3,982,078	1,051,186				4,359,861		775,205,000
yoy				-99.40%			-68.57%		-5.59%											-75.89%
qoq						88.05%	143.73%	42191.18%											278.82%
operating margin %	17.20%	NaN%	NaN%	12.54%	NaN%	13.85%	12.33%	11.21%	7.59%	NaN%	40.87%	NaN%	36.85%	NaN%	NaN%	NaN%	NaN%	NaN%	21.45%	19.35%	NaN%	NaN%	NaN%	21.42%	NaN%	19.69%	NaN%	NaN%	NaN%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	NaN%	0%	0%	0%	NaN%	0%	NaN%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	NaN%	0%	0%	NaN%	NaN%	0%	0%	0%	NaN%	NaN%	0%
finance income	11,599,688,000			10,378,433		7,237,546,000	4,089,201,000	5,477,262,000	12,663,682										-285,579	583,029				1,932,133		201,494,000				437,413,256		169.4							139.6	82,142,000	82,047,000	97,173,000		277,130,000	63,078,000	67,334,000	67.3	69,664,000	69.7	77,054,000	77.1	510.9	329,549,521.3	101.2	30.7	142,130,000	83,650,000		85,800,000	225,349,000	113.7		53,274,000	83,472,000	76,770,000
finance costs	-16,409,874,000			-17,025,890		-14,978,887,000	-9,478,671,000	-7,964,100,000	-19,931,617										-1,021,709	-1,003,409				-3,619,091		-348,084,000				-559,328,395									-111.8	-28,530,000	-34,004,000	-181,517,000		-102,662,000	-4,570,000	-19,991,000	-20	-44,761,000	-44.8	-33,340,000	-33.3
monetary gain	1,625,556,000			5,850,537		5,963,702,000	4,074,343,000	2,647,630,000	3,816,872																					88,415,833									273.5
net finance costs	-3,184,630,000			-796,920															-1,307,288	-420,380				-1,686,958		-146,590,000																																						-147,247,000
share of (loss)/ profit of equity accounted investees	-2,687,615,000			-3,162,643
profit before income tax	22,062,529,000			15,952,932															2,658,291	631,593				2,672,816		628,615,000				1,004,734,316										305,945,000	402,529,000	46,139,000		1,447,760,000	308,834,000	446,913,000		342,686,000		349,327,000						473,385,000	761,445,000		546,895,000	615,130,000				441,503,000
income tax (expense)/ benefit	-8,449,461,000			-4,866,033
profit from continuing operations	13,613,068,000			11,086,899									2,661,092						2,032,435	471,819				2,177,335		471,401,000
profit from discontinued operations	-187,403,000			12,427,963				540,639,000											193,109	772,436
profit for the year	13,425,665,000			23,514,862				2,629,124,000	12,532,246										2,032,435	1,244,255				2,177,335		471,401,000																		1,126,961,000
profit for the year is attributable to:
owners of the company	13,425,665,000			23,523,425		20,554,538,000	5,760,328,000	2,634,562,000	12,553,996										2,022,036	1,224,451				2,021,065
non-controlling interests				-8,563		-8,563,000	-7,215,000	-5,438,000	-21,750		-2,905,000								10,399	19,804				156,270		12,829,000						1.5							5.8	-3,216,000	-5,802,000	-7,727,000			-7,706,250	-11,532,000	11.5	-8,008,000	8	-11,285,000	11.2
total	13,425,665,000			23,514,862		20,545,975,000	5,753,113,000	2,629,124,000	12,532,246										2,032,435	1,244,255				2,177,335
basic and diluted earnings per share for profit attributable to owners of the company	6.16			10.79		9.42	2.64	1.21	5.75										0.93	0.56				0.93
basic and diluted earnings per share for profit from continuing operations attributable to owners of the company	6.25			5.09		3.72	2.13	0.96	4.85										0.93	0.21				0.93
basic and diluted earnings per share for profit from discontinued operations attributable to owners of the company	-0.09			5.7
net finance costs / income						-1,777,639,000	-1,315,127,000	160,792,000	-3,451,063
share of loss of equity accounted investees						-1,568,186,000	-822,486,000																	-87
profit/(loss) before income tax from continuing operations						11,797,946,000	5,915,320,000
income tax expense						-3,679,934,000	-1,276,345,000												-625,856	-159,774				-495,481		-157,214,000				-334,477,495	-166.5	-145.9							-118.3	-67,104,000	-94,749,000	-67,412,000		-320,799,000	-71,283,000	-91,447,000	-91.4	-74,203,000	-74.2	-83,866,000	-83.9	-529.1	-122.95	-139.9	-47.4	-120,139,000	-160,294,000		-118,858,000	-126,352,000	-150		-46,422,000	-50,186,000	-100,612,000
profit/(loss) for the period from continuing operations						8,118,012,000	4,638,975,000
profit for the period from discontinued operations						12,427,963,000	1,114,138,000
profit/ (loss) for the period						20,545,975,000	5,753,113,000
net impairment losses on
financial and contract assets							-469,201,000
other expenses								-269,353,000
share of profit of an associate and a joint venture								-55,904,000	1,525,175
profit before income tax from continuing operations								3,408,916,000	5,886,681
income tax income								-1,320,431,000
profit for the year from continuing operations								2,088,485,000	10,562,572
income tax income/									4,675,891
profit /(loss) from discontinued operations									1,969,674
profit or loss section
revenue from finance sector operations											2,222,763,000
cost of revenue from finance sector operations											-956,259,000
gross profit from business operations											23,220,425,000
gross profit from finance sector operations											1,266,504,000
general administrative expenses											-1,991,951,000
marketing expenses											-3,404,162,000
other operating income											8,944,540,000		3,547,729																										-10.4														-5.025	10.4														8,624,000
other operating expenses											-2,412,739,000
investment income											4,658,267,000
investment expenses											-93,777,000
impairment losses determined in accordance with tfrs 9											-627,009,000
share on profit/(loss) of investments valued by equity method											-94,327,000
profit before financial income /											29,465,771,000		9,146,360
financial income											3,373,085,000		848,936																																																					29,817,750	119,271,000	26,879,000
financial expenses											-19,994,655,000
profit from operations before taxation											12,844,201,000
tax (expense)/income from operations											-1,390,869,000
tax expense for the period											-366,799,000
deferred tax (expense)/income for the period											-1,024,070,000
profit for the period											11,453,332,000		2,661,092													471,401,000				82,044.75										121,568,000	307,780,000				222,352,500	355,466,000		268,483,000		265,461,000						353,246,000	601,151,000		428,037,000	488,778,000				391,317,000	268,430,000			76,087,000
distribution of profit for the period
owners of the parent											11,456,237,000		2,661,108
earnings per share											5.25		1.22
income from investment activities													1,096,224
expenses from investment activities
impairment losses determined in accordance
with tfrs 9
share of profit/(loss) of equity
accounted investees
profit from continuing operations before tax													2,731,235
tax (expenses) / income from continuing operations
current period tax expenses
deferred tax income													168,616
profit for the period is attributable to:
earnings per share from continuing operations													1.22
share of profit of equity accounted investees																			196.75	787										96,564,557									55	30,298,000	34,983,000	35,601,000		122,839,000	27,837,000	34,962,000	35	29,546,000	29.6	30,494,000	30.5		78,447,907.7	40.5	15.1	9,634,000	25,139,000		29,376,000	19,867,000	21.9		8,471,000	17,196,000	17,679,000
basic and diluted earnings per share for profit /																			0.088	0.35
basic and diluted earnings/
gross profit from non-financial operations																										1,378,778,000
gross profit from financial operations																										57,187,000
profit attributable to:
owners of turkcell iletisim hizmetleri as																										458,572,000				864,572,036										242,057,000	313,582,000	-13,546,000		1,170,176,000	249,941,000	366,998,000		276,491,000		276,746,000
earnings per shares																										0.21
basic earnings per share for profit from continuing operations attributable to the owners of turkcell iletisim hizmetleri as																										0.21
basic earnings per share for profit from discontinued operations attributable to the owners of turkcell iletisim hizmetleri as
-																															6.5
million try
sms revenues																															213
mobile services revenues																															106
·																															11.3
interconnect revenues																															281.2
as a % of revenues																															12.2
interconnect costs																															-262.7
current tax expense																															-165.6
deferred tax income/expense																															-0.9
consolidated cash flow
ebitda1																															907
less:
capex and license																															-314
turkcell																															-173.9
turkcell superonline																															-103.3
ukraine2																															-12
investment & marketable securities																															51.9
net interest income/																															211.2
other																															-967.2
net change in debt																															38.9
cash generated																															-72.2
cash balance																															7,916.9
summary of operational data
number of total subscribers																															34.6
postpaid																															14.5
prepaid																															20.1
arpu, blended																															22.1
arpu																															10.4
churn																															8.1
mou (average monthly minutes of usage per subscriber), blended																															279.5
astelit*
number of subscribers (million)1																															12.7
active (3 months)2																															9.5
mou																															168.8
active																															3
ebitda																															277.5								694.7								570.7		474.1		470.7	2,978.4	621.225	813.7	448.8						883.4
ebitda (million us)3																															24.1
ebitda margin																															28.9	30.4																				33.3
net income																															-677.8	556.3							331.7								367		276.5		276.7	1,701.6	458.675	496.8	245.8						481					-671,137,984.4	671,139,000
yoy																																															32.63%		-39.72%		12.57%
qoq																															-221.84%																				-83.74%	270.98%	-7.67%	102.12%												-200.00%
net income margin %	0%	NaN%	NaN%	0%	NaN%	0%	0%	0%	0%	NaN%	0%	NaN%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	NaN%	NaN%	NaN%	0%	NaN%	0%	NaN%	NaN%	NaN%	0%	-70.53%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	0%	0%	0%	NaN%	0%	0%	0%	Infinity%	0%	Infinity%	0%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	0%	0%	NaN%	0%	0%	Infinity%	NaN%	0%	0%	0%	-Infinity%	Infinity%	0%
capex																															75.4
turkcell superonline (million try)*
residential																															120.6
% of revenues																															39
corporate																															82.5
wholesale																															106.3
ebitda 3																															75.5
ftth subscribers																															652.5
fintur																															20.1
subscribers																															20.1
kazakhstan																															12.9
azerbaijan																															4.3
moldova																															1
georgia																															1.9
fintur’s contribution to group’s net income																															35
turkcell group subscribers
ukraine																															12.7
northern cyprus																															0.4
belarus																															1.3
turkcell europe																															0.4
turkcell group																															69.5
q313
us / try rate
closing rate																															2.123
average rate																															2.122
consumer price index																															2.1
gdp growth																															2.1
us / uah rate
us / byr rate
other operating income /																															-45.1																-1.3		-4.4		-26.4				-3						-24.6
financial income /																															28.4
net increase / (decrease) in assets and liabilities																															-169.2
net cash from operating activities																															163.4
euroasia
investor relations: tel: + 90 212 313 1888 [email protected]
profit & loss statement
direct cost of revenues1																																-1,771.3
direct cost of revenues1/revenues																																-62
depreciation and amortization																																-366.8																				-908.7
gross margin																																38							27								45		46		43		13	47	47						53
administrative expenses/revenues																																-4.5
selling and marketing expenses/revenues																																-15.8
ebitda2																																869.2
ebit3																																502.4
net finance income /																														17,034.75		138.8								-3,245,750	48,043,000	-84,344,000										223.8					66,922,000
finance expense																																-30.6																				-287.1	-14.625	-103	-69		-16,728,000		-15,338,000	-15,900,000	-126.4			-230,719,000	-51,140,000
share of profit of associates																																60																				118.8																19,917,000
other income /																																-20.8
monetary gains /																																20.3
turkcell group - summary of mtr cuts* and one-off** impacts
mtr cut*
one-off
revenue without impacts
ebitda without impacts
net income without impacts
consolidated statement of operations data
revenues																																																				8,936														827,180,000	3,308,720,000
communication fees																																							2,252.8								1,462		1,391.4		1,427.9		1,547.675	2,291	1,359.5						2,021.7
commission fees on betting business																																							31.5								6.8		6.4		7.1		39.9	10.5	-5.2						77.4
monthly fixed fees																																							24.7								23		18.8		12.5		15.9	15.2	10.3						17.9
simcard sales																																							8.2								4		10		4.6		6.35	9.9	6.7						2.7
call center revenues and other revenues																																							128.3								43.8		41.1		36.1		18.425	41.4	26.7						22.5
total revenues																																							2,445.5								1,539.6		1,467.7		1,488.2		1,628.25	2,368	1,398						2,142.2
direct cost of revenues																																							-1,791.8								-842.9		-799		-845.2	-4,769.3	-788.5	-1,246.9	-741.4						-998.5
selling & marketing expenses																																							-451.6								-251		-286.1		-259.2		-310.3	-430.9	-277						-388.9
operating profit before financing costs																																							87.9								364.6		288.2		275.1		453.875	599.8	313						624.7							282,775,000
income before taxes and minority interest																																							444.2								446.9		342.7		349.4		582	638.5	289.8						633.9
income before minority interest																																							325.9								355.5		268.5		265.5		459.05	498.6	242.4						483.9
net income per share																																							0.15								0.167		0.126		0.126		0.208	0.226	0.112						0.219
other financial data
capital expenditures																																							716.2								253		220.8		240.9		183.975	433.2	789.5						299.1
consolidated balance sheet data
cash and cash equivalents																																							4,738.4								3,185.3		2,662.7		2,879.1		971.975	3,915.9	1,963.5						3,605.1
total assets																																							17,186.7								9,989.3		8,936		9,328		2,946.675	13,153	7,876.3						9,770
long term debt																																							1,997.3								1,380.8		1,062.9		837.7		46.5	830.7	168.5						163.5
total debt																																							3,528.6								1,797.8		1,692		1,510.3		227.325	1,722.4	776.2						885.1
total liabilities																																							6,360.3								3,565.6		3,385.7		3,230.1		898.675	4,605.9	2,603.7						2,938.3
total shareholders’ equity / net assets																																							10,826.4														2,048	8,547.1							6,831.7
direct cost of revenue																																								-642,028,250	-858,800,000	-915,403,000			-621,770,500	-842,855,000		-799,018,000		-845,209,000						-630,655,000	-935,499,000		-847,013,000	-825,102,000			-768,426,000	-799,851,000	-685,995,000
results from operating activities																														941,669,065										77,222,000	319,503,000	94,882,000		1,150,453,000	222,489,000	364,608,000		288,237,000		275,119,000						355,231,000	669,384,000		447,057,000	385,814,000			402,204,000	571,554,000	325,733,000
profit/(loss) attributable to:
basic and diluted earnings per share																														0.23										0.11	0.14	-0.01		0.53	0.112	0.167		0.126		0.126						0.156	0.274		0.194	0.221			0.124	0.182	0.124
profit/(loss) for the period																																										-21,273,000
direct costs of revenue																														-3,374,613,615														-3,349,035,000
net finance income																																												174,468,000												108,520,000									25,630,000
non-controlling interest																														-5,946.25														-43,215,000
net finance income/																																													28,990,000	47,343,000		24,903,000		43,714,000									70,462,000
total equity																																															6,423.7		5,550.3		6,097.9				5,272.5
q409																																																				2,009
before impact
based on the telecommunications authority’s decisions
reimbursement related to tariffs
reimbursement to other operators
lower revenues
lower opex related to ta’s decisions / reversal on legal cases for 2009
benefit from dispute regarding international voice traffic
net profit																																																				2,083
negative impact on ebitda
goodwill impairment for belarus operations
benefit from tax fine on distributor discounts in 2003 and 2004
fixed assets write-off for belarus operations
competition board’s penalty on mobile marketing services
turkcell’s other write-offs and reserves
minority interest																																																					-0.375	-1.8	3.4	9,023,000	-2,640,000		1,591,000	1,988,000	-2.9		-19,639,000	-9,871,000	-3,708,000
** for further details, please refer to our consolidated financial statements and notes as at and for the nine months ended 30 september 2009 on our web site.
finance expenses																																																								-33,610,000							-163,535,000
attributable to:
equity holders of turkcell iletisim hizmetleri as																																																								344,223,000
equity holders of turkcell iletisim hizmetleri anonim sirketi and its subsidiaries																																																									603,791,000
equity holders of turkcell iletisim hizmetleri anonim sirketi																																																											426,446,000	486,790,000
net finance expense																																																												209,449,000
* capital market board of turkey
** for further details, please refer to our consolidated financial statements and notes as at and for the year ended 31 december 2007 on our web site.
net finance cost																																																															-110,261,000
profit before income taxes																																																															300,414,000		369,042,000
equity holders of the company																																																															273,631,000	401,188,000	272,138,000
general and administrative expenses
operating income																																																																		243,724,500	974,898,000
financial expense
equity in net income of unconsolidated investees																																																																		15,623,750	62,495,000
minority interest in income of consolidated subsidiaries																																																																		9,543,500	38,174,000
translation loss
income before taxes																																																																		281,633,250	1,126,533,000
basic and diluted earnings per common share																																																																		76.266	305.063
weighted-average number of common shares outstanding																																																																			2,200,000,000,000
net financing costs
profit before loss on net monetary position																																																																				240,967,000
gain on net monetary position
profit before tax																																																																				240,967,000
equity holders of the parent																																																																				86,860,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2024-12-31	2024-05-29	2023-12-31	2022-12-31	2021-12-31	2019-12-31	2018-12-31	2018-10-25	2018-02-25	2017-12-31	2015-12-31	2015-07-31	2015-04-30	2014-12-31	2014-04-25	2013-12-31	2013-10-25	2013-04-18	2013-02-22	2013-02-21	2012-12-31	2012-10-19	2012-05-04	2012-02-24	2011-12-31	2011-07-28	2011-04-29	2011-02-25	2010-11-04	2010-08-06	2010-05-07	2010-02-25	2009-12-31	2009-11-16	2009-05-13	2009-03-16	2008-12-31	2008-08-12	2008-05-11	2007-12-31	2007-11-22	2007-05-11	2006-12-31	2006-11-08	2006-09-30	2005-12-31	2004-12-31

assets
property, plant and equipment	104,625,744	76,589,958,000	66,650,246	43,389,652	18,002,779	12,458,491	11,116,316	10,542,071,000	9,751,552,000	9,665,408	6,821,494,000	2,324,352,000	2,219,558,000	2,541,547,000	2,564,029	2,747,813,000	2,734,185,000	2,964,904,000	3,061,199,000	2,747,813,000	3,061,199,000	2,897,711,000	2,833,353,000	2,709,600,000	2,709,600,000	2,804,453,000	3,034,108,000	3,068,021,000	2,995,910,000	2,680,505,000	2,675,287,000	3,068,021	2,652,222,000	2,517,131,000	2,021,760,000	2,419,697,000	2,096,070,000	2,237,709,000	2,091,708,000	2,221,895,000	1,996,579,000	1,943,321,000	1,916,991,000	1,870,537,000
right-of-use assets	10,173,872	7,654,141,000	6,136,092	4,888,124	2,983,648	1,783,096	1,649,602	1,444,026,000	1,519,941,000
intangible assets	81,872,362	66,350,893,000	58,511,397	37,323,333	14,661,779	11,308,062	10,050,172	9,873,705,000	9,279,855,000	8,340,410	8,232,637,000	1,068,227,000	1,056,145,000	1,055,411,000	1,061,038	1,106,871,000	1,115,821,000	1,257,648,000	1,296,117,000	1,106,871,000	1,296,117,000	1,271,131,000	1,305,988,000	1,246,308,000	1,246,308,000	1,431,662,000	1,668,491,000	1,709,311,000	1,877,230,000	1,823,962,000		1,709,311			1,304,424,000	1,923,403,000	1,452,895,000	1,283,873,000	1,248,583,000	1,375,403,000	1,269,407,000	1,195,399,000	1,234,668,000	1,120,195,000
investment properties	187,334	159,733,000	142,365	108,686	16,588	16,283	15,425	15,369,000	620,000	980	49,572,000				7,380	7,639,000				7,639,000
trade receivables	328,034	296,973,000	325,862	298,759	256,442	148,159	115,001	135,386,000	162,385,000	155,634	836,256,000	304,663,000	311,237,000	336,334,000	258,910	247,823,000	244,641,000	257,443,000	216,149,000	247,823,000	216,149,000	173,414,000	136,965,000	113,581,000	113,581,000	50,079,000	41,077,000	35,024,000				35,024
receivables from financial services	367,149	545,265,000	593,550	285,138	137,559	123,136	884,686	1,322,739,000	1,397,815,000	1,297,597
contract assets	165,004	107,973,000	101,281	67,054	67,505	10,291	3,513
financial assets at fair value through other comprehensive income	11,852,172	4,101,805,000	106,023	1,850,830	1,376,645
financial assets at fair value through profit or loss	5,961,731	772,463,000	541,490	258,627
deferred tax assets	2,537,878	2,007,084,000	1,128,749	1,658,290	1,799,612	189,342	152,732	140,617,000	118,719,000	96,060	48,615,000	25,109,000	23,464,000	25,475,000	31,582	34,333,000	17,126,000	14,476,000	14,823,000	34,333,000	14,823,000	7,365,000	5,749,000	3,286,000	3,286,000	4,402,000	3,755,000	2,876,000	3,279,000	2,606,000	2,663,000	2,876	2,058,000	2,698,000	1,403,000	2,758,000	1,144,000	2,739,000	3,000,000	2,446,000	4,798,000	2,178,000	3,052,000	1,154,000	59,480,000	192,731,000
investments in equity accounted investees	5,294,025			2,306,864	678,584	41,701	19,413	13,393,000			981,939,000	264,443,000	231,736,000	287,869,000	259,425	250,959,000	308,641,000	293,641,000	256,931,000	250,959,000	256,931,000	374,670,000	420,401,000	414,392,000	414,392,000	455,179,000	443,145,000	399,622,000	473,942,000	376,621,000	419,948,000	399,622	383,490,000	428,477,000	368,233,000	764,701,000	313,723,000	723,918,000	662,473,000	664,385,000	566,009,000	532,545,000	523,840,000	483,369,000
other non-current assets	7,217,678	7,541,662,000	4,430,424	3,257,905	1,189,896	304,270	421,306	838,982,000	308,983,000	356,620	441,940,000	180,253,000	219,431,000	226,651,000	109,585	117,968,000	116,854,000	131,852,000	125,299,000	117,968,000	125,299,000	191,046,000	142,278,000	125,389,000	125,389,000	97,532,000	98,243,000	107,277,000	109,331,000	102,316,000	99,095,000	107,277	75,120,000	68,957,000	48,139,000	58,424,000	54,007,000	52,812,000	44,732,000	44,171,000	34,075,000	125,893,000	121,465,000	14,569,000
total non-current assets	230,582,983	172,825,904,000	144,537,097	95,693,262	41,171,037	26,382,831	24,428,166	24,326,288,000	22,541,021,000	19,913,363	17,412,453,000	4,183,717,000	4,066,653,000	4,479,065,000	4,295,012	4,517,257,000	4,553,748,000	4,951,745,000	4,999,587,000	4,517,257,000	4,999,587,000	4,939,330,000	4,868,990,000	4,635,167,000	4,635,167,000	4,872,487,000	5,323,274,000	5,357,024,000	5,502,443,000	5,025,918,000	5,141,591,000	5,357,024	5,066,665,000	5,042,337,000	3,813,753,000	5,261,140,000	3,997,802,000	4,399,179,000	4,152,067,000	4,419,525,000	3,979,427,000	3,908,498,000	3,907,617,000	3,596,072,000
	31		31	31	31
inventories	674,611	593,566,000	540,507	300,406	260,535	178,399	180,434	154,950,000	116,018,000	104,102	75,471,000	26,754,000	27,078,000	30,757,000	29,627	32,845,000	30,282,000	44,562,000	48,903,000	32,845,000	48,903,000	33,193,000	31,929,000	26,069,000	26,069,000	22,973,000	22,842,000	24,386,000	20,479,000	19,040,000	25,108,000	24,386	28,205,000	23,196,000	22,465,000	23,245,000	19,457,000	21,181,000	18,299,000	23,424,000	11,512,000	7,966,000	11,018,000	9,719,000	9,406,000	9,198,000
due from related parties	246,529	207,673,000	171,373	76,453	145,095	4,477	13,533	8,992,000	7,525,000	5,299	11,760,000	13,921,000	11,321,000	5,579,000	10,663	10,012,000	1,648,000	2,262,000	7,414,000	10,012,000		107,000	211,000	43,000	43,000	821,000	656,000	1,044,000	6,690,000	6,676,000	14,554,000	1,044	21,039,000	27,509,000	38,792,000	52,104,000	45,349,000	57,816,000	62,927,000	68,871,000	70,747,000	71,513,000	72,506,000	73,298,000	64,305,000	67,327,000
derivative financial instruments	2,043,112	2,423,589,000	2,044,765	2,032,416	2,131,070	845,513	1,356,062	2,140,218,000	1,300,969,000	981,396
financial assets at amortized cost	1,065,899			748,665	4,164
cash and cash equivalents	68,934,333	48,778,706,000	49,978,716	25,960,674	18,628,665	10,238,715	7,419,239	8,749,191,000	4,589,654,000	4,712,333	2,918,796,000	1,599,886,000	3,131,497,000	3,894,898,000	3,648,305	3,808,708,000	3,786,872,000	3,655,045,000	3,926,215,000	3,808,708,000	3,926,215,000	3,648,114,000	3,411,082,000	2,508,529,000	2,508,529,000	3,340,542,000	3,175,041,000	3,302,163,000	3,185,265,000	2,662,708,000	2,879,121,000	3,302,163	3,095,486,000	2,642,309,000	2,843,187,000	3,156,807,000	3,259,792,000	2,876,213,000	3,089,440,000	3,095,300,000	1,672,491,000	1,862,697,000	1,598,640,000	985,071,000	985,071,000	795,091,000
other current assets	6,106,995	4,994,188,000	3,875,773	1,936,391	909,120	1,327,004	1,091,512	1,253,215,000	1,215,093,000	1,160,605	1,689,902,000	410,825,000	476,273,000	288,803,000	488,235	282,152,000	328,457,000	464,779,000	269,905,000	282,152,000	269,905,000	281,828,000	389,415,000	198,458,000	198,458,000	331,824,000	373,067,000	197,740,000	254,441,000	285,495,000	337,685,000	197,740	175,417,000	229,998,000	319,652,000	247,235,000	138,788,000	310,201,000	346,946,000	291,534,000	383,920,000	257,528,000	125,653,000	243,075,000
subtotal	113,692,636	90,836,536,000	85,440,458			19,332,144	16,616,804	19,149,159,000	13,186,596,000	12,774,168
assets held for sale		18,596,150,000	17,105,770
total current assets	113,692,636	109,432,686,000	102,546,228	46,920,694	29,511,606	19,332,144	18,337,109	21,077,808,000	14,532,098,000	14,069,106	8,794,857,000	3,507,682,000	5,119,513,000	5,738,802,000	5,526,923	5,455,381,000	5,506,584,000	5,477,041,000	5,483,649,000	5,455,381,000	5,483,649,000	5,164,030,000	4,808,435,000	4,463,634,000	4,463,634,000	4,650,154,000	4,462,282,000	4,437,538,000	4,486,812,000	3,910,067,000	4,186,423,000	4,437,538	4,254,101,000	3,832,846,000	3,838,190,000	4,309,122,000	4,070,124,000	4,025,093,000	4,046,330,000	4,049,521,000	2,582,171,000	2,579,583,000	2,182,118,000	1,743,678,000	1,853,744,000	1,556,579,000
total assets	344,275,619	282,258,590,000	247,083,325	142,613,956	70,682,643	45,714,975	42,765,275	45,404,096,000	37,073,119,000	33,982,469	26,207,310,000	7,691,399,000	9,186,166,000	10,217,867,000	9,821,935	9,972,638,000	10,060,332,000	10,428,786,000	10,483,236,000	9,972,638,000	10,483,236,000	10,103,360,000	9,677,425,000	9,098,801,000	9,098,801,000	9,522,641,000	9,785,556,000	9,794,562,000	9,989,255,000	8,935,985,000	9,328,014,000	9,794,562	9,320,766,000	8,875,183,000	7,651,943,000	9,570,262,000	8,067,926,000	8,424,272,000	8,198,397,000	8,469,046,000	6,561,598,000	6,488,081,000	6,089,735,000	5,339,750,000
equity
share capital	46,684,221	37,205,301,000	32,334,546	19,623,702	2,200,000	2,200,000	2,200,000	2,200,000,000	2,200,000,000	2,200,000	2,200,000,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000	1,636,204,000
share premium	41,937	8,840,000	7,683	4,662	269	269	269	269,000	269,000	269	269,000	434,000	434,000	434,000	434	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000
treasury shares	-1,328,153	-852,979,000	-741,311	-431,362	-128,057	-144,152	-141,534	-101,114,000	-50,427,000	-56,313
reserves	2,210,127	6,565,826,000	5,574,979	1,458,625	2,446,661	2,816,359	2,503,537	2,060,634,000	1,804,947,000	1,542,679	861,111,000	-4,354,128,000	-4,181,606,000	-3,586,074,000	-3,267,316		-2,661,167,000	-1,758,045,000	-1,628,110,000	-3,105,434,000	-1,628,110,000	-1,605,967,000	-1,551,615,000	-1,920,974,000	-1,920,974,000	-944,565,000	-657,462,000	-660,121,000	-235,665,000	-751,171,000	-575,291,000	-660,121		-468,466,000	-1,244,367,000	728,976,000		784,433,000	466,408,000	931,913,000	390,418,000	180,940,000
remeasurements of defined benefit plan	-3,088,502
retained earnings	142,446,900	102,876,993,000	87,119,133	46,965,404	18,234,018	13,202,526	11,359,317	10,652,643,000	10,259,896,000	11,312,276	11,258,411,000	7,943,173,000	7,677,803,000	9,298,013,000	8,597,444	8,435,045,000	8,181,707,000	7,524,111,000	7,207,563,000	8,435,045,000	7,207,563,000	6,953,668,000	6,341,281,000	6,053,702,000	6,053,702,000	5,455,031,000	5,467,180,000	5,258,327,000	5,009,802,000	4,642,817,000	4,989,000,000	5,258,327	4,712,254,000	4,543,164,000	4,781,294,000	4,117,274,000	4,437,071,000	3,513,483,000	3,704,083,000	3,224,526,000	2,420,133,000	2,146,543,000	2,394,838,000	2,105,206,000	2,071,264,000	1,983,316,000
total equity attributable to equity holders of turkcell iletisim hizmetleri as	186,966,530				22,562,025	18,046,489	15,921,744	14,802,682,000	14,204,935,000	14,989,161	14,354,817,000	5,248,455,000	5,155,607,000	7,371,349,000	6,989,538	6,989,021,000	7,179,950,000	7,425,476,000	7,238,863,000	6,989,021,000	7,238,863,000	7,007,111,000	6,449,076,000	5,792,138,000	5,792,138,000	6,169,876,000	6,469,128,000	6,257,616,000	6,433,547,000	5,551,056,000	6,073,119,000	6,257,616	5,859,569,000	5,734,085,000	5,193,462,000		5,385,527,000
non-controlling interests		-18,392,000	-12,954	3,897	247	36,455	131,810	88,210,000	42,683,000	55,927	64,085,000	-223,461,000	-202,982,000	-165,068,000	-127,888		-85,732,000	-80,955,000	-78,719,000	-85,055,000	-78,719,000	-77,015,000	-61,140,000	-60,533,000	-60,533,000	-47,491,000	-33,900,000	-24,019,000	-9,871,000	-774,000	24,785,000	-24,019
total equity	186,966,530	143,444,405,000	122,234,865	66,381,015	22,562,272	18,082,944	16,053,554	14,890,892,000	14,247,618,000	15,045,088	14,418,902,000	5,024,994,000	4,952,625,000	7,206,281,000	6,861,650	6,903,966,000	7,094,218,000	7,344,521,000	7,160,144,000	6,903,966,000	7,160,144,000	6,930,096,000	6,387,936,000	5,731,605,000	5,731,605,000	6,122,385,000	6,435,228,000	6,233,597,000	6,423,676,000	5,550,282,000	6,097,904,000	6,233,597	5,896,201,000	5,767,294,000	5,254,269,000	6,651,533,000	5,443,643,000	6,106,441,000	5,928,016,000	5,931,205,000	4,540,131,000	4,053,342,000	4,117,967,000	3,586,670,000
liabilities
borrowings	52,435,164	65,177,133,000	57,946,648	37,133,104	27,929,720	12,677,394	13,119,636	14,955,068,000	9,414,161,000	8,257,995
trade and other payables	168,819	1,206,009,000	1,110,700	34,320	6,720,679	4,117,471	3,788,174	4,072,284,000	2,986,108,000	3,696,466	1,270,610,000	742,203,000	767,930,000	891,424,000	791,788	891,515,000	779,925,000	804,326,000	953,601,000	891,515,000	953,601,000	815,807,000	826,544,000	929,488,000	929,488,000	785,357,000	797,748,000	951,976,000	928,316,000	889,791,000	915,829,000	951,976	1,038,762,000	968,853,000	836,963,000	846,706,000	964,421,000	815,845,000	663,107,000	759,019,000	716,999,000	571,320,000	579,421,000	513,672,000
due to related parties	253	256,000	38,337	938	65,156	12,082	45,331	628,638,000	1,825,333,000	6,980	6,555,000	7,482,000	1,407,432,000	10,624,000	49,110	42,278,000	44,265,000	49,833,000	55,614,000	42,278,000	55,614,000	15,103,000	16,665,000	14,582,000	14,582,000	18,256,000	11,325,000	10,760,000	17,334,000	18,181,000	16,321,000	10,760	14,780,000	16,215,000	8,680,000	11,014,000	21,032,000	23,626,000	58,572,000	17,978,000	8,279,000	456,343,000	6,844,000	6,333,000	6,550,000	5,774,000
employee benefit obligations	3,032,078	2,401,018,000	2,052,325	1,790,031	614,613	294,331	224,747	233,238,000	211,716,000	197,666
provisions	1,918,775	1,516,714,000	1,379,435	968,729	615,797	337,404	268,722	239,074,000	207,342,000	197,418	130,619,000	105,021,000	106,431,000	120,051,000	130,570	135,524,000	138,050,000	149,321,000	148,894,000	135,524,000	148,894,000	64,693,000	62,303,000	58,219,000	58,219,000	55,303,000	58,377,000	57,055,000	60,173,000	9,802,000	6,697,000	57,055	5,676,000	91,134,000	3,795,000	3,267,000	4,490,000	65,852,000	33,757,000	71,134,000	22,228,000	15,870,000	29,234,000	23,491,000
deferred tax liabilities	5,249,745	4,294,314,000	2,286,164	5,456,651	928,554	1,165,630	862,360	1,009,867,000	858,759,000	651,122	113,437,000	12,744,000	12,449,000	26,009,000	21,727	30,751,000	38,487,000	43,685,000	44,169,000	30,751,000	44,169,000	64,190,000	62,308,000	67,374,000	67,374,000	98,155,000	124,742,000	93,105,000	129,293,000	129,266,000	157,299,000	93,105	118,432,000	131,736,000	153,028,000	265,164,000	130,491,000	110,202,000	101,645,000	132,388,000	165,707,000	186,122,000	196,260,000	194,246,000	1,310,000	185,297,000
contract liabilities	2,152,853	1,390,263,000	1,193,665	757,697	170,445	141,890	131,598
other non-current liabilities	1,517,404	1,238,677,000	1,113,468	671,585	769,896	359,857	364,610	603,414,000	429,379,000	409,337	366,670,000	134,287,000	132,310,000	133,490,000	137,117	127,669,000	124,635,000	114,777,000	117,888,000	127,669,000	117,888,000	109,440,000	112,925,000	92,669,000	92,669,000	97,609,000	155,972,000	160,832,000	173,466,000	160,441,000	158,505,000	160,832	154,991,000	270,661,000	242,884,000	372,493,000	227,511,000	837,000	304,000		967,000		8,683,000	9,134,000
total non-current liabilities	66,475,091	77,224,384,000	67,120,742	46,813,055	31,029,025	14,976,506	14,971,673	17,040,661,000	11,121,357,000	9,713,538	5,483,991,000	516,857,000	501,209,000	859,197,000	953,062	1,048,803,000	1,047,347,000	1,125,945,000	971,599,000	1,048,803,000	971,599,000	893,561,000	704,142,000	1,303,901,000	1,303,901,000	1,534,602,000	1,798,439,000	1,748,050,000	1,775,537,000	1,392,825,000	1,191,203,000	1,748,050	1,128,054,000	1,082,434,000	592,821,000	822,887,000	519,229,000	665,061,000	273,378,000	300,021,000	331,105,000	323,433,000	336,094,000	321,810,000
current tax liabilities	1,120,707	242,082,000	213,374	243,485	241,686	121,258	133,597	136,786,000	170,240,000	103,105
deferred revenue	507,561	415,034,000	248,003	129,900	111,136	56,544	8,948	241,740,000	228,281,000	193,831
liabilities directly associated with the assets held for sale		6,390,851,000	6,327,676
total current liabilities	90,833,998	61,589,801,000	57,727,718	29,419,886	17,091,346	12,655,525	11,740,048	13,472,543,000	11,704,144,000	9,223,843	6,304,417,000	2,149,548,000	3,732,332,000	2,152,389,000	2,007,223	2,019,869,000	1,918,767,000	1,958,320,000	2,351,493,000	2,019,869,000	2,351,493,000	2,279,703,000	2,585,347,000	2,063,295,000	2,063,295,000	1,865,654,000	1,551,889,000	1,812,915,000	1,790,042,000	1,992,878,000	2,038,907,000	1,812,915	2,296,511,000	2,025,455,000	1,804,853,000	2,095,842,000	2,105,054,000	1,652,770,000	1,997,003,000	2,237,820,000	1,690,362,000	2,111,306,000	1,635,674,000	1,431,270,000	1,484,343,000	1,333,104,000
total liabilities	157,309,089	138,814,185,000	124,848,460	76,232,941	48,120,371	27,632,031	26,711,721	30,513,204,000	22,825,501,000	18,937,381	11,788,408,000	2,666,405,000	4,233,541,000	3,011,586,000	2,960,285	3,068,672,000	2,966,114,000	3,084,265,000	3,323,092,000	3,068,672,000	3,323,092,000	3,173,264,000	3,289,489,000	3,367,196,000	3,367,196,000	3,400,256,000	3,350,328,000	3,560,965,000	3,565,579,000	3,385,703,000	3,230,110,000	3,560,965	3,424,565,000	3,107,889,000	2,397,674,000	2,918,729,000	2,624,283,000	2,317,831,000	2,270,381,000	2,537,841,000	2,021,467,000	2,434,739,000	1,971,768,000	1,753,080,000
total equity and liabilities	344,275,619	282,258,590,000	247,083,325	142,613,956	70,682,643	45,714,975	42,765,275	45,404,096,000	37,073,119,000	33,982,469	26,207,310,000	7,691,399,000	9,186,166,000	10,217,867,000	9,821,935	9,972,638,000	10,060,332,000	10,428,786,000	10,483,236,000	9,972,638,000	10,483,236,000	10,103,360,000	9,677,425,000	9,098,801,000	9,098,801,000	9,522,641,000	9,785,556,000	9,794,562,000	9,989,255,000	8,935,985,000	9,328,014,000	9,794,562	9,320,766,000	8,875,183,000		9,570,262,000	8,067,926,000	8,424,272,000	8,198,397,000	8,469,046,000	6,561,598,000	6,488,081,000	6,089,735,000	5,339,750,000
investments in equity accounted associate and joint venture		6,697,954,000	5,869,618
remeasurements of defined benefit plans		-2,341,184,000	-2,047,211
total equity attributable to equity holders of turkcell iletisim hizmetleri a.s.		143,462,797,000	122,247,819	66,377,118
additional paid-in capital					35,026	35,026	35,026			35,026
remeasurements of employee termination benefit				-1,243,913	-225,892	-63,539	-34,871	-44,776,000	-44,776,000	-44,776
financial asset at amortized cost						5,368
financial asset at fair value through other comprehensive income						345,602	42,454
assets classified as held for sale							1,720,305	1,928,649,000	1,345,502,000	1,294,938																										14,321,000
telecommunication licenses							5,774,763			5,720,398
computer software							3,057,143			2,346,236	1,570,346,000	501,042,000	504,270,000	576,482,000	522,702	544,140,000	505,580,000	553,450,000	568,447,000	544,140,000	568,447,000	528,170,000	529,544,000	502,974,000	502,974,000	524,699,000	533,922,000	547,607,000	571,813,000	593,654,000	603,690,000	547,607	595,218,000	558,401,000
other intangible assets							1,218,266			273,776	156,552,000	58,310,000	39,523,000	46,789,000	41,584	40,666,000	42,431,000	46,920,000	48,976,000	40,666,000	48,976,000	54,960,000	54,637,000	51,439,000	51,439,000	66,305,000	198,393,000	206,001,000	260,550,000	247,769,000	260,062,000	206,001	244,665,000	312,526,000
held to maturity investments								12,435,000	1,151,000	654
financial asset at fair value through profit or loss							9,409
trade receivables and accrued income								3,363,060,000	2,942,773,000		4,098,928,000	1,454,628,000	1,470,766,000	1,510,421,000	1,313,401	1,294,636,000	1,324,318,000	1,280,408,000	1,209,007,000	1,294,636,000	1,209,007,000	1,178,722,000	935,278,000	842,381,000	842,381,000	884,687,000	827,149,000	816,151,000	917,404,000	831,875,000	806,704,000	816,151	783,752,000	811,491,000	541,987,000	732,998,000	587,385,000	681,121,000	489,865,000	558,563,000	438,288,000	349,123,000	318,973,000	366,284,000	372,719,000	324,611,000
additional paid in capital								35,026,000	35,026,000																																				178,000	178,000
trade receivables and accrued revenue										2,848,572
gsm and other telecommunication operating licenses											2,520,785,000	508,875,000	512,352,000	432,140,000	496,752	522,065,000	567,810,000	657,278,000	678,694,000	522,065,000	678,694,000	688,001,000	721,807,000	691,895,000	691,895,000	840,658,000	936,176,000	955,703,000				955,703
4.5g license not yet available for use											3,984,954,000
other investments												1,668,000	2,578,000		3,063	3,851,000	14,832,000	29,519,000	29,069,000	3,851,000	29,069,000	23,886,000	24,045,000	22,568,000	22,568,000	28,359,000	33,799,000	33,849,000	36,061,000	33,232,000	34,394,000	33,849	34,755,000	35,311,000	31,002,000		34,614,000	40,312,000	38,644,000	42,354,000			35,095,000	32,950,000
capital contributions											35,026,000	22,772,000	22,772,000	22,772,000	22,772	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772,000	22,772	22,772,000	22,749,000	19,897,000		18,202,000
loans and borrowings											3,487,786,000	227,727,000	210,606,000	538,128,000	622,678	716,150,000	706,650,000	774,874,000	619,196,000	716,150,000	619,196,000	621,755,000	434,176,000	1,057,380,000	1,057,380,000	1,252,486,000	1,427,575,000	1,407,316,000	1,380,828,000	1,062,872,000	837,726,000	1,407,316	821,179,000	560,539,000	171,293,000	151,003,000	130,020,000	522,723,000	142,755,000	140,404,000	141,630,000	115,989,000	113,503,000	102,547,000
employee benefits											114,869,000	37,078,000	39,413,000	41,519,000	40,970	38,709,000	39,525,000	43,288,000	41,452,000	38,709,000	41,452,000	33,483,000	32,430,000	28,259,000	28,259,000	31,049,000	31,773,000	29,742,000	31,777,000	30,117,000	29,794,000	29,742	27,776,000	28,364,000	21,821,000	30,960,000	26,717,000	31,299,000	28,674,000	27,229,000	22,801,000	21,322,000	17,648,000	15,883,000
bank overdraft																237,000	20,000	3,000		237,000		4,399,000	10,260,000	1,084,000	1,084,000	51,524,000	6,473,000	5,896,000	6,196,000	58,717,000	6,329,000	5,896	5,244,000	15,769,000	4,115,000	82,565,000	4,372,000	95,081,000	6,299,000	2,125,000	12,007,000		285,000
income taxes payable											12,855,000	48,530,000	91,547,000	66,749,000	71,181	65,074,000	88,395,000	74,381,000	76,533,000	65,074,000	76,533,000	83,639,000	61,791,000	61,891,000	61,891,000	82,213,000	40,319,000	96,080,000	109,706,000	99,242,000	46,142,000	96,080	93,260,000	112,377,000	81,912,000	170,860,000	126,585,000	147,566,000	407,662,000	443,194,000	195,021,000	425,498,000	309,470,000	233,052,000
deferred income											121,078,000	50,091,000	58,892,000	70,906,000	77,006	92,221,000	86,400,000	88,094,000	91,166,000	92,221,000	91,166,000	96,729,000	99,353,000	118,376,000	118,376,000	150,853,000	162,534,000	164,186,000	169,853,000	148,780,000	194,449,000	164,186	248,518,000	241,785,000	208,667,000	333,220,000	250,386,000	389,165,000	324,251,000	324,815,000	185,682,000	179,075,000	184,337,000	112,130,000
investment property												16,670,000	5,082,000	5,778,000
turkcell iletisim hizmetleri as and its subsidiaries
condensed interim consolidated statement of profit or loss
for the three months ended 31 march 2015
gsm and other telecommunication operating licences																													1,044,867,000	982,539,000	1,031,898,000		1,058,098,000	1,091,327,000
trade payables																														327,000	1,182,000														191,455,000	137,775,000
non-controlling interest																																	36,632,000
minority interest																																		33,209,000	60,807,000	168,645,000	58,116,000	171,887,000	120,887,000	138,128,000	92,942,000	89,221,000	91,375,000	69,435,000	68,145,000	62,427,000
other investments, including derivatives																																				40,053,000					37,812,000	37,649,000		76,325,000
total equity attributable to equity holders of turkcell iletisim hizmetleri anonim sirketi and its subsidiaries																																				6,482,888,000
liabilities classified as held for sale																																				6,471,000
total equity attributable to equity holders of turkcell iletisim hizmetleri anonim sirketi																																						5,934,554,000	5,807,129,000
total equity attributable to equity holders of the company																																								5,793,077,000	4,447,189,000	3,964,121,000	4,026,592,000	3,517,235,000
current assets
available for sale securities																																													60,920,000	12,948,000
held to maturity securities																																													6,273,000	10,191,000
prepaid expenses																																													78,508,000	38,029,000
other current assets, includes 34,105 and 101,337 of restricted cash as of december 31, 2005 and september 30, 2006, respectively																																													217,062,000
investments																																													472,968,000	266,198,000
fixed assets																																													1,238,726,000	1,224,543,000
construction in progress																																													281,657,000	389,375,000
intangibles																																													785,680,000	871,362,000
other long term assets																																													3,471,000	2,440,000
liabilities and shareholders’ equity
current liabilities
short term borrowings																																													585,513,000	564,503,000
taxes payable																																													227,907,000	60,864,000
benefit from income taxes																																													5,611,000
other current liabilities and accrued expenses																																													465,997,000
long term borrowings																																													102,541,000	82,848,000
retirement pay liability																																													15,883,000	16,707,000
other long term liabilities																																													10,261,000	7,623,000
shareholders’ equity
common stock
par value 1 try; authorized, issued and outstanding 2,200,000,000 shares in 2005 and 2006																																													833,354,000
legal reserves																																													136,201,000	92,414,000
accumulated other comprehensive income /																																													-107,939,000
total shareholders’ equity																																													2,933,058,000	2,717,573,000
commitments and contingencies																																														4,405,588,000
other current assets, includes 110,166 and 34,105 of restricted cash as of december 31, 2004 and 2005, respectively																																														106,453,000
goodwill
other current liabilities and accrued expenses, includes 111,718 and 123,613 of deferred income as of december 31, 004 and 2005, respectively																																														564,188,000
long term lease obligations																																														9,000
par value try 1; authorized, issued and outstanding 1,854,887,341 shares in 2004 and 2005																																														636,116,000
accumulated other comprehensive income																																														5,549,000
liabilities and shareholders' equity
shareholders' equity

Cashflow Statements:

Quarterly

Annual

Unit: USD	2024-05-29	2018-12-31	2018-10-25	2018-07-26	2018-02-25	2017-04-27	2016-12-31	2016-11-03	2016-07-27	2016-05-02	2016-03-31	2015-04-30	2014-12-31	2014-10-24	2013-12-31	2013-04-18	2013-02-22	2012-12-31	2012-10-19	2012-02-24	2011-11-03	2011-07-28	2010-12-31	2010-05-07	2009-12-31	2009-05-13	2008-08-12	2008-05-11	2007-12-31	2007-11-22	2007-09-30	2007-05-11	2006-12-31

cash flows from operating activities:
profit for the year	2,629,124,000							174,157,000	427,679,000	573,581,000							1,147,129,000			725,113,000
discontinued operations	540,639,000
profit for the year including discontinued operations
adjustments for:																													1,285,057,000
depreciation and impairment of property, plant and equipment and investment properties	5,868,724,000	-1,285,116,555	406,523,000	451,565,000	428,923,000
amortization of intangible assets and right of use assets
impairment on property, plant and equipment and intangible asset	-4,805,000
net finance expense	1,452,345,000
fair value adjustments to derivatives	1,606,454,000	3,092,713,390	-2,093,383,000	-694,338,000	-306,712,000
income tax expense	1,414,785,000	-456,252,519	144,376,000	142,177,000	170,195,000	157,214,000	111,280,000	106,195,000	62,251,000	143,434,000	-143.5	-95,230,000	83,432,000		59,345,000	76,704,000	291,491,000	76,636,000	87,644,000	292,193,000	-225,089,000	130,340,000	71,283,000	-120.1	78,740,000	120,139,000	118,858,000	126,352,000	322,418,000	344,254,000	-197,220,000	100,612,000	51,993,000
gain on sale of property, plant and equipment	-26,306,000	25,860,273	-9,532,000	-7,678,000	-8,694,000											-430,000			-655,000													-1,557,000
effects of exchange rate changes and inflation adjustments	-1,998,527,000
provisions	697,287,000	-457,297,480	180,771,000	124,679,000	152,644,000	60,236,000	-77,886,000	202,654,000
share of (profit)/loss of equity accounted investees
fair value adjustments to financial assets through profit or loss	-693,567,000
gain on sale of subsidiary
non-cash other adjustments	42,879,000
change in operating assets/liabilities
change in trade receivables	-1,417,653,000	360,489,110	-196,187,000	-97,183,000	-66,846,000	305,393,000	377,279,000	437,394,000	314,592,000	67,788,000			-121,462,000			-145,861,000	-487,538,000	-90,473,000	-182,136,000	-275,271,000		-146,452,000	-8,928,000			-11,275,000	-187,748,000	13,612,000	-198,314,000			-24,632,000
change in due from related parties	-12,142,000	-5,094,870	10,578,000	-3,554,000	-1,935,000	-482,000	5,283,000	-2,852,000	4,109,000	974,000			6,308,000			-4,853,000	37,583,000	10,982,000	12,215,000	33,984,000		19,939,000	10,982,000			32,540,000	-33,958,000	15,415,000	26,698,000			11,720,000	-19,271,000
change in receivables from financial services	1,064,598,000	671,737,009	-84,112,000	-357,293,000	-230,402,000
change in inventories	41,486,000	50,771,117	112,619,000	-151,551,000	-11,916,000	-10,342,000	7,723,000	-31,295,000	-31,044,000	-7,474,000			-2,678,000		-4,573,000	3,635,000	-21,279,000	-15,677,000	-177,000	-6,110,000		154,000	-5,703,000			-5,035,000	-1,959,000	3,071,000	-10,128,000			3,255,000
change in other current assets	-901,041,000	-199,696,043	243,591,000	73,297,000	-117,138,000	-604,069,000	369,122,000	361,253,000	221,451,000	-308,382,000			57,155,000			-210,444,000	-45,798,000	69,239,000	35,150,000	-35,736,000		-135,960,000	52,879,000			-199,668,000	185,252,000	-208,265,000	15,448,000			-129,564,000
change in other non-current assets	234,544,000	-51,398,867	-75,369,000	211,118,000	-84,208,000	12,831,000	-5,767,000	9,552,000	5,946,000	69,039,000			-21,418,000			2,048,000	-21,278,000	2,859,000	-7,760,000	-22,867,000		6,087,000	-7,586,000			-213,000	-1,176,000	-4,430,000	-24,782,000			-4,133,000
change in due to related parties	-208,909,000	-13,297,928	44,188,000	-12,022,000	-18,828,000	-569,000	1,941,000	2,493,000	1,772,000	-1,904,000			-7,502,000			-4,992,000	1,669,000	1,897,000	-1,864,000	4,159,000		7,971,000	-5,976,000			-11,455,000	13,091,000	-6,603,000	10,302,000			38,556,000	151,000
change in trade and other payables	-5,929,295,000	341,670,020	-216,508,000	639,302,000	-764,966,000	-176,533,000	-1,110,604,000	268,610,000	-1,520,378,000	-371,529,000			199,526,000			-213,383,000	-4,811,000	204,177,000	-36,653,000	43,853,000		-136,494,000	139,113,000		127,078,000	22,658,000	130,000	-10,849,000	15,285,000			-20,108,000
change in other non-current liabilities	-59,075,000	169,831,616	-103,318,000	-51,501,000	-15,255,000	-3,349,000	-13,829,000	-560,000	-3,499,000	3,411,000			6,798,000		4,301,000	383,000	-11,840,000	-17,809,000	1,579,000	-21,185,000		-3,278,000	-19,848,000			39,055,000	533,000	304,000	-9,029,000			-8,713,000	-1,115,000
change in employee benefit obligations	39,539,000	16,150,236	-11,111,000	-2,685,000	-2,387,000
change in short term contract asset	101,592,000
change in long term contract asset	16,859,000
change in deferred revenue	102,698,000
change in short term contract liability	-179,176,000
change in long term contract liability	16,789,000
changes in other working capital	-1,163,372,000	912,948,236	-96,383,000	-502,508,000	-315,039,000
cash generated from operations	6,887,268,000	-6,534,088,123	3,319,212,000	2,642,474,000	580,548,000
interest paid	-1,410,907,000	712,900,692	-197,946,000	-373,031,000	-143,582,000	-74,971,000	-296,103,000	-43,257,000	-84,762,000	-10,399,000			-9,445,000			-17,439,000	-56,343,000	-14,483,000	-14,368,000	-46,716,000		-24,120,000	-10,139,000			-8,107,000	-6,831,000	-11,252,000	-37,024,000			-17,894,000
income tax paid	110,947,000	510,904,285	-99,574,000	-244,688,000	-167,300,000	-94,118,000	-83,529,000	-33,486,000	-5,682,000	-13,223,000			-85,695,000			-74,026,000	-307,262,000	-100,852,000	-71,535,000	-276,176,000		-119,603,000	-88,830,000			-112,317,000	-396,689,000	-134,774,000	-347,202,000
net cash inflow from operating activities	5,587,308,000	-5,310,283,146	3,021,692,000	2,024,755,000	269,666,000
cash flows from investing activities:
acquisition of property, plant and equipment	-4,736,694,000	1,917,108,352	-788,313,000	-583,699,000	-548,057,000	-381,706,000	-785,901,000	-463,340,000	-737,420,000	-585,740,000			-259,254,000			-73,756,000	-758,898,000	-312,475,000	-197,797,000	-660,359,000		-230,499,000	-324,088,000			-207,868,000	-183,777,000	-140,371,000	-564,859,000			-126,802,000
acquisition of intangible assets	-1,887,718,000	1,520,111,088	-458,785,000	-644,417,000	-419,174,000	-181,070,000	-338,287,000	-269,292,000	-137,728,000	-109,790,000			-130,295,000			-34,066,000	-208,040,000	-85,644,000	-51,044,000	-198,607,000		-84,248,000	-38,314,000
proceeds from sale of property, plant and equipment	339,534,000	-51,009,136	19,072,000	12,317,000	19,724,000	12,581,000	18,334,000	11,787,000	6,604,000	12,914,000			4,032,000		4,862,000	1,366,000	9,679,000	5,274,000	518,000	8,603,000		3,451,000	2,526,000
payments for advances given for acquisition of property, plant and equipment	-2,641,172,000
proceeds from sale of subsidiary
cash inflows from sale of shares or borrowing instruments of other enterprises or funds	380,976,000
cash outflows from purchase of shares or borrowing instruments of other enterprises or funds	-5,681,588,000
cash inflows from financial assets at fair value through profit or loss
change in other cash advances given
interest received	1,817,970,000	-491,621,207	200,730,000	174,482,000	117,141,000	137,059,000	153,138,000	136,670,000	149,346,000	171,683,000			106,599,000		111,920,000	90,654,000	390,155,000	94,613,000	96,780,000	281,965,000		132,832,000	57,350,000		77,690,000	94,215,000	111,956,000	97,868,000	250,423,000			69,923,000	52,153,000
net cash outflow from investing activities	-11,755,877,000	3,438,758,431	-1,510,465,000	-1,015,122,000	-917,707,000
cash flows from financing activities:
proceeds from derivative instruments	88,833,000	-475,344,655	159,572,000
repayments of derivative instruments	-179,935,000	217,456,478	0
proceeds from issues of loans and borrowings	14,713,424,000	-35,817,654,930	10,858,949,000	14,920,679,000	10,082,368,000
proceeds from issues of bonds	4,963,951,000	-2,111,124,687	0	1,988,313,000	125,000,000
repayments of borrowings	-9,996,223,000
transactions with non controlling interests
repayments of bonds	-3,241,637,000
dividends paid to shareholders		1,274,899,000	-675,285,000	-582,313,000	-19,201,000
acquisition of treasury shares
payments of lease liabilities	-1,348,840,000	723,462,121	-213,501,000	-278,903,000	-232,223,000
net cash (outflow)/inflow from financing activities		-848,339,383	-1,065,125,000	1,481,566,000	431,364,000
net increase in cash and cash equivalents	-1,168,996,000														197,782,000	-232,942,000	1,321,611,000	278,255,000	272,107,000	-453,080,000						-463,728,000	-280,907,000	-137,164,000	1,737,477,000			301,688,000	641,808,000
cash and cash equivalents at 1 january	61,932,851,000	-4,707,620,667	0	0	4,712,333,000	6,052,352,000	0	0	0	2,918,796,000			0		0	3,926,215,000	2,507,445,000	0	0	3,296,267,000		3,296,267,000	0		0	3,255,420,000	0	3,093,175,000	1,598,355,000			1,598,640,000	0
effects of exchange rate changes on cash and cash equivalents and inflation adjustment
cash and cash equivalents at 31 september
profit/ (loss) for the year
profit/ (loss) for the period including discontinued operations
share of (profit)/loss of associates and joint ventures	55,904,000
(payments for)/proceeds from advances given for acquisition of property, plant and equipment
cash (outflows)/inflows from financial assets at amortized cost	2,582,487,000
cash (outflows)/inflows financial assets at fair value through profit or loss
net cash outflow from financing activities	4,999,573,000
cash and cash equivalents at 30 june																						3,289,018,000
cash and cash equivalents at 31 march	53,578,196,000				4,589,654,000	6,450,516,000				2,522,300,000						3,655,042,000												3,083,141,000				1,862,697,000

change in contract asset
change in contract liability
payment for acquisition of subsidiary, net of cash acquired
contribution of increase of share capital in joint ventures/associates		13,781,500
cash outflows from financial assets at fair value through profit or loss	-1,929,672,000
proceeds from disposal of subsidiary, net of cash disposed
dividends paid to non-controlling interest in subsidiaries
cash and cash equivalents at 31 december																	3,926,215,000			2,507,445,000						2,839,072,000			3,093,175,000
gain/ (loss) on sale of property, plant and equipment
gain on disposal of subsidiaries
cash outflows due to additional share acquisition or capital increase of associates and/or joint ventures
proceeds from disposal of subsidiary
other outflows/ inflows
transactions with non-controlling interests
repayments from issues of bonds
net cash inflow from financing activities
cash and cash equivalents at 30 september
profit for the year from continuing operations	2,088,485,000
amortization of intangible assets and right-of-use assets	4,095,529,000
effects of exchange rate changes and inflation adjustments on cash and cash equivalents	-7,185,659,000
cash inflows financial assets at fair value through profit or loss
cash outflows financial assets at fair value through profit or loss
a. cash flows from operating activities
profit for the period																314,001,000			313,708,000		486,272,000	178,492,000			175,068,000	353,246,000	428,037,000	488,778,000	1,319,248,000	-391,317,000	913,739,000	268,430,000	285,161,000
profit for the period from continuing operations
adjustments related to reconciliation of net profit for the period
adjustments for depreciation and amortization
adjustments for impairment
adjustments for provisions
adjustments for interest expenses
adjustments for fair value (gain) from derivative instruments
adjustments for tax expense
adjustments for (gains) arising from the disposal of fixed assets
adjustments for fair value (gains) from financial assets
adjustments for retained losses of investments valued by equity method
adjustments for unrealized foreign currency translation differences
other adjustments related to (profit)/loss reconciliation
changes in working capital:
adjustments for (increase) in trade receivables
adjustments for (increase) in inventories
(increase) in central bank of the republic of türkiye account
(increase) in receivables from finance sector operations
(increase) in other assets related to operations
adjustments for (increase) in other receivables
adjustments for (increase) in assets arising from customer contracts
adjustments for increase/(decrease) in trade payables
(increase) in prepaid expenses
adjustments for increase in liabilities arising from customer contracts
deferred revenue increase
adjustments for increase in other payables
(decrease) in other liabilities related to operations
cash generated by operating activities
tax paid
b. cash flows from investing activities
cash outflows due to acquisition of property, plant and equipment
cash outflows due to acquisition of intangible assets
cash inflows from disposal of property, plant and equipments and intangible assets
cash inflows from sale of shares in other entities or shares in funds or borrowing instruments
cash outflows due to acquisition of shares in other entities or shares in funds or borrowing instruments
other cash (outflows)/inflows
c. cash flows from financing activities
cash inflows from loans
cash inflows from issued debt instruments
cash outflows due to loan repayments
dividends paid						-39,559,000	-4,747,000	-10,986,000					-1,342,000				-8,485,000	0	0	-3,989,000		-4,622,000	0						-457,625,000
cash outflows due to the company's own acquisition of shares
cash outflows due to issued debt instruments repayments
cash outflows due to payments of lease obligations
cash inflows from derivative instruments
cash outflows due to derivative instruments
change in cash and cash equivalents before currency translation reserve effect
d. currency translation reserve effect on cash and cash equivalents
e. cash and cash equivalents at the beginning of the period
cash and cash equivalents at the end of the period
loss on sale of subsidiary
notes to the consolidated financial statements
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
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33.
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42.
profit for the year from
continuing operations		-1,233,552,665	281,256,000	429,459,000	525,015,000	471,401,000
depreciation of property, plant and equipment and investment properties
unrealized foreign exchange losses on operating assets		-6,514,358,696	4,440,849,000	1,525,454,000	551,010,000
adjustments to earnings due to disposal of assets held for sale
cash inflows/(outflows) from financial assets at amortized cost
dividends received for treasury share		-5,334,601	3,382,000
other cash (outflows)/inflows from financing activities
effects of exchange rate changes on cash and cash equivalents		-1,314,286,996	1,222,236,000	0	93,998,000
profit before income tax from
profit before income tax including discontinued operations adjustments for:
share of profit of equity accounted investees								5,092,000	7,879,000	-15,180,000	15.2	38,254,000	2,709,000			-38,298,000	-134,995,000	-23,335,000	-35,919,000	-165,408,000	106,609,000	-85,257,000	-35,122,000			-18,011,000	-41,735,000	-30,997,000	-111,254,000	-90,840,000	43,346,000	-26,971,000
proceeds from advances given for acquisition of property, plant and equipment		529,860,183	-471,703,000	26,334,000	-84,696,000
cash outflows from sale of shares or borrowing instruments of other enterprises or funds
payments for financial assets at amortized cost
dividends paid to non-controlling interest			-1,764,000
profit before income tax including discontinued operations		-1,233,552,665	281,256,000	429,459,000	525,015,000	471,401,000
adjustments to earnings due to disposal of assets held for sale or to associates
proceeds from/(payments for) advances given for acquisition of property, plant and equipment
amortization of intangible assets		-1,711,598,471	568,583,000	594,514,000	550,895,000	263,060,000	257,810,000	248,921,000	249,459,000	165,622,000			59,330,000		66,093,000	57,851,000	225,844,000	63,064,000	53,877,000	287,792,000		132,992,000	61,249,000
(gain) on sale of property, plant and equipment						-10,825,000	-9,141,000
share of equity accounted investees
adjustments to (earnings) due to disposal of assets held for sale
(gain) on sale of subsidiary
payments for held to maturity investment			2,335,000	-139,000	-2,645,000
cash inflows from financial asset at fair value through other comprehensive income
cash outflows from financial asset at fair value through other comprehensive income
repayment of borrowings		34,939,393,873	-10,921,184,000	-14,584,693,000	-9,477,504,000	-2,803,965,000	-3,409,262,000	-1,167,194,000	-93,374,000	-262,938,000			-820,825,000			-512,195,000	-833,552,000	-431,039,000	-94,194,000	-516,901,000		-229,911,000	-131,676,000			-7,500,000			-435,038,000
repayment of bonds		191,120,688
(increase)/decrease in cash collateral related to loans		113,086,728	-30,454,000	-35,577,000	-47,076,000
net increase/(decrease) in cash and cash equivalents
net finance (income)/expense
share of profits of discontinued operations
deferred revenue		-62,871,609	-3,458,000	49,901,000	16,483,000	27,201,000
payment for financial asset at fair value through profit or loss
payment for financial asset at fair value through other comprehensive income
capital decrease in subsidiaries							0	0
net (decrease)/increase in cash and cash equivalents		-2,719,864,098	446,102,000	2,491,199,000	-216,677,000
1. reporting entity
2. basis of preparation and summary of significant accounting policies
3. financial risk management
4. segment information
5. revenue
6. other income and expenses
7. employee benefit expenses
8. finance income and costs
9. income tax expense
10. expenses by nature
11. property, plant and equipment
12. intangible assets
13. impairment of assets
14. investment property
15. right of use assets
16. asset held for sale discontinued operation
17. other non-current assets
18. deferred tax assets and liabilities
19. trade receivables and accrued revenue
20. receivables from financial services
21. contract assets
22. inventory
23. other current assets
24. cash and cash equivalents
25. equity
26. earnings per share
27. other non-current liabilities
28. loans and borrowings
29. employee benefit
30. deferred revenue
31. contract liabilities
32. provisions
33. trade and other payables
34. derivative financial instruments
35. financial instruments
36. guarantees and purchase obligations
37. commitments and contingencies
38. related parties
39. subsidiaries
40. cash flow information
41. subsequent events
net finance income			-225,169,000	281,321,000	129,709,000											-76,941,000			-79,558,000			-148,617,000				-130,751,000	-103,304,000	-81,493,000	-227,794,000
treasury shares							-43,155,000
share of losses/(profits) of discontinued operations
proceeds from currency option contracts									0	1,144,000			0		0	355,000	2,250,000	370,000	288,000	6,081,000		3,516,000	1,891,000		2,709,000	1,621,000	2,777,000	3,188,000	17,807,000			1,372,000
proceeds from financial assets
acquisition of non-controlling interest
decrease in cash collateral related to loans
cash flows from operating activities
depreciation and impairment of fixed assets and investment property						365,301,000	346,631,000	328,091,000	317,624,000	289,193,000
net finance						66,157,000	23,470,000	-42,201,000	3,491,000	-102,358,000							-317,295,000			-300,307,000
fair value gains on derivative financial instruments						-39,193,000
unrealized foreign exchange (loss)/ gain on operating assets						-55,637,000
change in receivables from financial operations						-623,929,000	-744,178,000	-649,211,000	-733,780,000	-269,203,000
change in employee benefits						10,258,000	4,599,000	-5,382,000	9,062,000	6,872,000			2,047,000		3,435,000	2,498,000	6,596,000	3,022,000	382,000	3,917,000		2,843,000	7,793,000		-159,000	-2,115,000	1,553,000	3,830,000	5,931,000			3,348,000	796,000
change in other working capital						-112,016,000	89,073,000	-8,711,000
net cash generated by/ (used in) operating activities						-66,981,000
cash flows from investing activities
change in property, plant and equipment advances						53,023,000	233,225,000	209,982,000	-654,611,000	1,718,000
net cash from investing activities						-360,113,000											304,563,000			-1,410,482,000		-171,279,000	-313,183,000			-231,271,000	-106,492,000	-114,126,000	-440,537,000			-17,555,000
cash flows from financing activities
proceeds from issuance of loans and borrowings						3,354,459,000	4,193,204,000	1,685,469,000	3,384,924,000	117,721,000			861,264,000		321,586,000	477,527,000	670,549,000	380,407,000	111,257,000	552,859,000		270,549,000	177,004,000		738,008,000	3,415,000	449,000,000	7,500,000	498,666,000				-75,256,000
proceeds from issuance of bonds						141,362,000
decrease/(increase) in cash collateral related to loans							108,229,000	0	80,053,000	160,722,000
net cash generated by/ (used in) financing activities						652,297,000
net increase/ (decrease) in cash and cash equivalents						225,203,000	-183,244,000	1,748,189,000	1,367,894,000	-463,379,000
effects of foreign exchange rate fluctuations on cash and cash equivalents						172,961,000	589,391,000	128,600,000	-120,778,000	66,883,000			-7,590,000			-38,231,000	97,159,000	4,245,000	27,499,000	-335,742,000		-106,155,000
share of profits/ (losses) of discontinued operations
loss on sale of a-tel													0
negative goodwill													0
reversal of benefit from equity accounted investees
dividends received from discontinued operations
net cash generated by operating activities							-475,522,000	1,638,689,000	-585,217,000	29,187,000							1,188,254,000			925,827,000
acquisition of subsidiary net off cash acquired
payment of currency option contracts premium													0			-84,000	-280,000	-145,000	-26,000	-1,267,000		-923,000	-322,000				-455,000	-2,027,000	-8,501,000
proceeds from sale of a-tel													0
change in financial assets													8,138,000
change in non-controlling interest													-38,000		-711,000	813,000	282,000	79,000	36,000	544,000		421,000	-81,000
fair value gains on derivative financial insturments
unrealized foreign exchange and monetary (loss)/ gain on operating assets								313,927,000	104,248,000	-148,540,000
deferred income								31,992,000	9,420,000	-1,065,000			-4,301,000		11,776,000	-1,757,000	-34,269,000	-5,711,000	6,655,000	-16,005,000		-4,854,000	10,144,000			-15,230,000	52,126,000	27,885,000	102,351,000
net cash provided/(used in) investing activities								-375,337,000	-1,382,809,000	-508,071,000
net cash generated (used in) by financing activities								484,837,000	3,335,920,000	15,505,000
(gain)/loss on sale of property, plant and equipment									-4,362,000	-3,862,000
allowance for trade receivables and due from related parties										52,941,000			17,015,000
change in provisions										-90,549,000			12,177,000		37,608,000	-38,151,000	40,007,000	36,264,000	14,572,000	-8,060,000		12,844,000	95,895,000		52,283,000	-17,474,000	29,294,000	-31,147,000	23,832,000			-13,710,000
proceeds from sale of financial asset
consolidated statement of operations data
turkcell turkey											2,927.5
consumer											2,337.9
corporate											524.5
other											65.1
turkcell international											196.9
total revenues											3,225.4
direct cost of revenues											-2,018.3
gross profit											1,207.1	466,874,000									1,705,627,000										2,266,771,000
administrative expenses											-178.7	-57,232,000									-190,397,000										-163,726,000
selling & marketing expenses											-481.2
other operating income /											220.4
operating profit before financing and investing costs											767.6
income from investing activities											9.3
expense from investing activities											-7
income before financing costs											785.1
finance expense											-67.6	-310,446,000																			-445,394,000
income before tax and non-controlling interest											717.5
income before non-controlling interest											574
non-controlling interest											-10.9	-117,622,000
net income											563.1
net income per share											0.26
other financial data
gross margin											37.4
ebitda											1,001.5													472.2
capital expenditures																0			0			0		0	0	0	0	0	0			0	0
free cash flows																-182,330,000			409,887,000			233,748,000		356	404,592,000	35,553,000	264,890,000	159,898,000	2,156,176,000			343,464,000	729,515,000
consolidated balance sheet data
cash and cash equivalents											2,522.4
total assets											26,152.6
long term debt											3,373.2
total debt											4,028.3
total liabilities											11,270.1
total shareholders’ equity / net assets											14,882.5
assets
property, plant and equipment
intangible assets
gsm and other telecommunication operating licenses
4.5g license not yet available for use
computer software
other intangible assets
investment properties
investments in equity accounted investees
other non-current assets
trade receivables
receivables from financial services
deferred tax assets
total non-current assets
inventories
due from related parties
trade receivables and accrued income
other current assets
total current assets
equity
share capital
share premium
capital contributions
reserves
retained earnings
total equity attributable to equity holders of turkcell iletisim hizmetleri as
non-controlling interests																					-23,380,000
total equity
liabilities
loans and borrowings
employee benefits
other non-current liabilities
trade and other payables
deferred tax liabilities
total non-current liabilities
income taxes payable
due to related parties
total current liabilities
total equity and liabilities
net cash generated/ (used in) by financing activities
loss on sale of property, plant and equipment																	-2,599,000			-3,771,000		-1,589,000			24,833,000	-154,000	1,183,000	1,000	3,869,000
unrealized foreign exchange and monetary gain/loss on operating assets																	-40,855,000			-159,292,000
reversal of provision for equity accounted investees
impairment losses on equity accounted investees and other non-current investments															4,305,000		40,250,000	0
dividends received													0		0		239,377,000	125,182,000	59,066,000	71,331,000			72,870,000						18,756,000			15,828,000
advanced paid for a acquisition of property, plant and equipment
increase in cash collateral related to loans
unrealised foreign exchange and monetary gains / losses
deferred income and other provisions
net cash from operating activities																-182,330,000			409,887,000			233,748,000		356	404,592,000	35,553,000	264,890,000	159,898,000	2,156,176,000			343,464,000	729,515,000
acquisition of subsidiaries, net of cash acquired
change in advances paid for acquisition of property, plant and equipment
net cash (used in) investing activities
net cash (used in) / generated by financing activities
net (decrease) in cash and cash equivalents
acquisition of financial assets																-1,226,000	-27,360,000	-23,440,000	-3,598,000	-858,667,000
revenue												1,209,909,000									4,273,740,000										4,521,043,000
direct costs of revenue												-743,035,000
other income												6,952,000									25,543,000										10,153,000
selling and marketing expenses												-193,293,000									-763,949,000										-810,166,000
other incomes												-27,983,000									-159,089,000										-3,541,000
results from operating activities												195,318,000									617,735,000										1,299,491,000
finance income												102,563,000									248,135,000										213,516,000
net finance income /												-207,883,000									-12,983,000
monetary gain
profit before income tax												25,689,000									711,361,000										1,110,959,000
(loss) / profit for the period												-69,541,000
profit / (loss) attributable to:
owners of turkcell iletisim hizmetleri as												48,081,000									509,652,000
basic and diluted earnings per share												20									230										430.435
turkcell iletisim hizmetleri as and its subsidiaries
condensed interim consolidated statement of profit or loss and other comprehensive income
for the three months ended 31 march 2015
depreciation and impairment of fixed assets															167,183,000	143,835,000	562,788,000	158,627,000	135,195,000	636,758,000		285,216,000
provision for equity accounted investees																	19,299,000
advanced paid for acquisition of property, plant and equipment
unrealized foreign exchange and monetary gains / losses
impairment losses on other non-current investments																						3,742,000
advances paid for acquisition of property, plant and equipment
net cash generated by / (used in) financing activities
million try
interconnect revenues
as a % of revenues
interconnect costs
highlights
comments from the ceo, sureyya ciliv
financial and operational review of the second quarter 2014
financial review of turkcell group
operational review in turkey
other domestic and international operations
astelit
turkcell superonline
fintur
turkcell group subscribers
overview of the macroeconomic environment
reconciliation of non-gaap financial measurements
change in other current liabilities																73,578,000	-48,000	-54,475,000	52,477,000	57,741,000		1,479,000	-69,454,000			-88,739,000	130,787,000	-30,248,000	67,457,000
net cash (used in) / generated by investing activities
benefit from equity accounted investees
impairment losses on goodwill																				52,971,000		72,198,000
proceeds from sale of financial assets																	897,057,000	0	0	11,191,000
acquisition of subsidiary net-off cash acquired
net cash used in investing activities
loan transaction costs																				-938,000			0
net cash generated by/(used in) financing activities																	-171,206,000
unrealised foreign exchange gain/loss on operating assets																-47,022,000			10,757,000
provision for impairment of trade receivables																			16,985,000	31,361,000		22,440,000
bargain purchase gain on acquisition
change in trade payables and other liabilities
acquisition of subsidiary including cash acquired																				578,000
net cash generated by/(used in) investing activities																			-154,879,000
net cash (used in) /generated by financing activities																			17,099,000
benefit from impairment of trade receivables and due from related parties
net cash (used in)/generated by investing activities																-16,757,000
net cash (used in)/generated by financing activities																-33,855,000
·
o
§
try kurus
minimum onnet voice price *
minimum onnet sms price *
voice mtr
sms mtr
profit & loss statement
total revenue
direct cost of revenues1
direct cost of revenues1/revenues
depreciation and amortization
administrative expenses/revenues
selling and marketing expenses/revenues
ebitda2
ebitda margin
ebit
share of profit of associates
other income /
monetary gains /
current tax expense
deferred tax income/expense
consolidated cash flow
ebitda1
less:
capex and license
turkcell
ukraine2
investment & marketable securities
net interest income/
net change in debt
cash generated
cash balance
summary of operational data
number of total subscribers
postpaid
prepaid
arpu, blended
arpu
churn
mou (average monthly minutes of usage per subscriber), blended
number of subscribers (million)1
active (3 months)2
mou
active
ebitda (million us)3
capex
residential
% of revenues
wholesale
ebitda 1
fttx subscriber
subscribers
kazakhstan
azerbaijan
moldova
georgia
other1
fintur’s contribution to group’s net income
ukraine
northern cyprus
belarus
turkcell europe
turkcell group
q212
try / us rate
closing rate
average rate
consumer price index
gdp growth
uah/ us rate
byr/ us rate
financial income																								1.8
financial expense																								-32.9
net increase / (decrease) in assets and liabilities
euroasia
investor and international media relations tel: + 90 212 313 1888 [email protected]
financial and operational review of the second quarter 2013
provision for impairment of trade receivables and due from related parties																16,734,000	62,431,000
gain/(loss) on sale of property, plant and equipment
benefit from impairment of trade receivables
net cash (used in) operating activities
acquisition of available for sale securities
impairment losses on equity accounted investee and other non-current investments																				21,558,000
proceeds from capital contribution																									23,000	1,695,000
net cash from financing activities																				31,575,000		36,437,000	45,247,000			-2,390,000	-516,236,000	50,643,000	-254,999,000			-56,556,000
direct cost of revenue																					-2,568,113,000										-2,254,272,000
finance costs																					-261,118,000
profit/(loss) attributable to:
other comprehensive income /
foreign currency translation differences																					228,242,000										-352,682,000
net change in fair value of available-for-sale securities																					-1,318,000										-303,000
income tax on other comprehensive (expense) / income																					1,512,000
other comprehensive income / (expense) for the period, net of income tax																					228,436,000
total comprehensive income / (expense) for the period																					1,117,846,000
total comprehensive income / (expense) attributable to:
unrealized foreign exchange gain and loss on operating assets																						136,654,000
dividend received																						26,581,000							13,397,000			11,306,000
proceeds from sale of available-for-sale securities																						8,201,000	-3,980,000
acquisition of available-for-sale securities																						-3,609,000	-8,246,000
net decrease in cash and cash equivalents																						98,906,000
unrealised foreign exchange gain and loss on operating assets
acquisition of subsidiary, net of cash acquired
net decrease/(increase) in cash and cash equivalents
depreciation																									129,784,000	70,898,000	112,264,000	123,371,000	532,915,000			126,217,000	101,253,000
net finance (income)/cost
impairment of fixed assets
provision for employee benefits
provision for personnel bonuses
provision for legal cases
effects of foreign exchange rate fluctuations on statement of financial position items																									83,000	-265,620,000
net finance income/
benefit from employee benefits
bonus provision
benefit from legal cases
try / rate
inflation
uah/
ebitda*
net financial income / expense)
deferred tax income /
ukraine**
net interest income/expense
number of postpaid subscribers
number of prepaid subscribers
arpu, postpaid
arpu, prepaid
summary data for astelit
number of subscribers
total
active (3 months)[1]
average revenue per user (arpu) in us
ebitda[2]
subscriber
other*
turkcell us million
other operating income/																								1.2
net increase/(decrease) in assets and liabilities																								-286.7
euroasia (astelit) us million
investors:
nihat narin, investor relations
tel: + 90-212-313-1244
email: [email protected]
[email protected]
revenues
communication fees
commission fees on betting business
monthly fixed fees
simcard sales
call center revenues and other revenues
operating profit before financing costs
income before taxes and minority interest
income before minority interest
superonline try million
amortization of transaction costs of borrowing
translation reserve																									-16,966,000	-29,832,000	24,663,000	-42,338,000	137,317,000			3,759,000
proceeds from sale of held-to-maturity investments
payment of transaction costs																													-205,000			-203,000
reimbursement of borrowing cost
effect of exchange rate fluctuations on cash and cash equivalents																										47,380,000	-21,102,000	127,130,000	-242,657,000			-37,631,000
amortization of intangibles																										47,393,000	60,217,000	69,172,000	260,062,000			62,443,000	63,599,000
proceeds from sale of property plant and equipment																										1,299,000	2,217,000	1,725,000	7,657,000			1,556,000
proceeds from sale of available-for-sale financial assets																											20,770,000	5,988,000	36,698,000			16,729,000	13,778,000
acquisition of intangibles																										-44,112,000	-42,367,000	-49,597,000	-206,985,000			-3,195,000
acquisition of available-for-sale financial assets																										-76,426,000	-27,863,000	-30,900,000	-119,000			-119,000
change in minority interest																											47,639,000	43,143,000	127,220,000			1,647,000	26,473,000
amortization of transaction costs of borrowings																													5,100,000
change in prepaid expenses
proceeds from settlement of held-to-maturity investments																													8,586,000			7,246,000
reimbursement of borrowing costs																													11,983,000
effects of foreign exchange rate fluctuations on balance sheet items																											76,931,000	-233,579,000	276,837,000			32,335,000
gain on sale of a subsidiary
acquisition of minority interest																																-93,000
acquisition of equity accounted investees and other investments
acquisition of held-to-maturity investments
foreign exchange loss net
provision for doubtful receivables																											17,233,000	8,943,000	20,495,000
foreign exchange loss																												-127,130,000	242,657,000
net loss on remeasurement of investments																												-1,310,000	-3,079,000
change in other investments
change in other non-current investments
effect of indexation for hyperinflation
net finance costs																														133,284,000	-231,878,000	-58,410,000
net gain on remeasurement of investments																																-632,000
change in trading securities
change in deferred income																																-5,262,000
income taxes paid																																-6,106,000
repayment of borrowings and finance lease liabilities																																-58,000,000
attributable to:
equity holders of the company																															946,957,000
minority interest																															-33,218,000
income and expense recognized directly in equity																															-352,985,000
total recognized income for the period																															194,772,000
foreign exchange gain																																37,631,000	28,524,000
amortisation of transaction costs of borrowings																																2,176,000
change in other investments, including derivatives																																-6,391,000
change in other non-current investments, including derivatives																																-1,906,000
interest income
interest expense
change in trade payables																																	45,788,000
acquisition of minority shares
operating activities:
adjustments to reconcile net income to net cash from operating activities:
benefit from retirement pay liability
benefit from inventories
benefit from doubtful receivables
accrued income
accrued expense
equity in net income of unconsolidated investees
foreign exchange gain /
minority interest in income of consolidated subsidiaries
benefit from income taxes
deferred taxes
net gain/(loss) on remeasurement of investments
comprehensive loss
changes in assets and liabilities:
prepaid expenses
held for trading securities
taxes payable
other long term assets
trade payables
other current liabilities
other long term liabilities
investing activities:
additions to fixed assets
additions to intangibles
investments in investees
increase in investments in held to maturity securities
decrease in investments in held to maturity securities
increase in investments in available for sale securities
decrease in investments in available for sale securities
financing activities:
proceeds from issuance of long and short term debt
payment on long and short term debt
net (increase) / decrease in debt issuance expenses
payment on lease obligations
dividend paid
net (decrease) / increase in cash and cash equivalents
effects of exchange rate fluctuations on cash and cash equivalents
cash and cash equivalents at the beginning of period
cash and cash equivalents at the end of period
supplemental cash flow information:
non-cash investing activities
capital lease obligations
translation adjustment
purchases of investment securities held to maturity
proceeds from sale of investment securities held to maturity
purchases of investment securities available for sale
net increase/(decrease) in debt issuance expenses
increase in lease obligations
lease obligations

Turkcell Iletisim Hizmetleri A.S(NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S
(NYSE:TKC)