v3.25.1
TRADE AND LOAN RECEIVABLES, TRADE PAYABLES and PAYABLES TO MERCHANTS (Tables)
12 Months Ended
Dec. 31, 2024
TRADE AND LOAN RECEIVABLES, TRADE PAYABLES and PAYABLES TO MERCHANTS  
Summary of trade and loan receivables

    

2024

    

2023

Trade receivables

892,522

471,693

Credit card receivables (*)

1,249,558

1,390,545

Buy now pay later (“BNPL”) receivables (**)

 

2,029,366

 

1,356,489

Receivables from suppliers (***)

 

346,814

 

297,453

Short term loan receivables

903,409

Long term loan receivables

87,595

1,154

Less: Provision for loan of receivables

(149,536)

Less: Provision for impairment of receivables

(226,498)

(89,674)

 

 

5,133,230

3,427,660

(*)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.

Schedule of movements in provision for impairment of trade receivables

    

2024

    

2023

1 January

89,674

60,945

Additions during the year

258,535

70,812

Collections

 

(11,029)

(3,448)

Unused amount reversed

(60,901)

Monetary gain

(49,781)

(38,635)

31 December

 

226,498

89,674

Schedule of movements in provision for impairment of loan receivables

    

2024

    

2023

1 January

 

 

Additions during the year

 

160,138

 

Collections

 

(621)

 

Monetary gain

 

(9,981)

 

31 December

 

149,536

 

Summary trade payables and payables to merchants

    

2024

    

2023

Payables to retail suppliers and service providers

8,665,595

9,278,652

Payables to merchants (*)

6,308,156

5,972,077

 

14,973,751

15,250,729

(*)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.