NOTE 6 – TRADE AND LOAN RECEIVABLES, TRADE PAYABLES and PAYABLES TO MERCHANTS

The receivables of the Group mostly consist of receivables from individual customers, retail suppliers and corporate customers.

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(*)Credit card receivables are due from banks and they are collectable in 38 days on average (2023: in 38 days on average) whereas they are collected in 19 days on average (2023: are collected in 17 days) if the Company elects to pay a commission to the banks.

(**)The Group’s average maturity of its outstanding BNPL receivables is 85 days (2023: 88 days). The Group recognized provision for impairment of BNPL receivables amounting to TRY166,358 thousand as of 31 December 2024 (2023: TRY45,921 thousand).

(***)The Group issues rebate invoices to its suppliers and if the Group’s rebate receivables from a supplier exceeds the payables owed to that specific supplier at the reporting date, the net receivable from that specific supplier is classified in trade receivables.

As of 31 December 2024, the Group’s exposure to credit risk arising from trade receivables and loan receivables are disclosed in Note 22.

The movements in provision for impairment of trade receivables for the years ended 31 December 2024 and 2023 are as follows:

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The movements in provision for impairment of loan receivables for the years ended 31 December 2024 and 2023 are as follows:

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NOTE 6 – TRADE AND LOAN RECEIVABLES, TRADE PAYABLES and PAYABLES TO MERCHANTS (Continued)

Trade payables and payables to merchants

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(*)Payables to merchants relate to amounts received by the Group for the products delivered by merchants to the customers, net of commissions, service charges and delivery costs.

As of 31 December 2024, supplier and merchant financing payables, included in payables to retail suppliers and service providers, amounts to TRY286,003 thousand (2023: TRY258,491 thousand).

The Group’s average maturity of its outstanding payables is 57 days for retail suppliers and 21 days for merchandise suppliers (2023: 55 days for retail suppliers and 21 days for merchandise suppliers).