CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 101 Çelebi Ground Handling 2018 Annual Report Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2018 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) NOTE 23 - OTHER OPERATING EXPENSE January 1- January 1- December 31, December 31, 2018 2017 Foreign exchange losses from operating activities (158.857.677) (5.553.242) Provision for doubtful receivable (9.508.554) (2.878.830) Litigation and indemnity provision expenses (863.124) (3.515.068) Damage and indemnity expenses (415.055) (58.969) Donation expenses (384.492) (330.755) Administrative fine - (654.796) Other expenses (18.579.363) (4.270.848) (188.608.265) (17.262.508) NOTE 24 - INCOME FROM INVESTMENT ACTIVITIES January 1- January 1- December 31, December 31, 2018 2017 Profit from the sale of fixed assets 3.948.024 1.113.674 3.948.024 1.113.674 NOTE 25 - EXPENSES FROM INVESTMENT ACTIVITIES January 1- January 1- December 31, December 31, 2018 2017 Loss from the sale of fixed assets (305.699) (469.731) Goodwill impairment (Note 12) - (1.985.128) (305.699) (2.454.859) NOTE 26 - FINANCIAL INCOME January 1- January 1- December 31, December 31, 2018 2017 Foreign exchange gains 61.633.146 11.426.064 Interest income 11.894.091 4.792.257 Other financial income 4.024.336 3.483.117 77.551.573 19.701.438