CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 110 Çelebi Ground Handling 2018 Annual Report 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.) Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish Foreign currency denominated assets and liabilities of the Group as of December 31, 2018 and December 31, 2017 are as follows: December 31, 2018 December 31, 2017 Assets denominated in foreign currency 421.665.982 146.441.525 Liabilities denominated in foreign currency (-) (643.482.923) (302.760.718) Net balance sheet position (221.816.941) (156.319.193) The table below summarizes TL equivalents of foreign currency denominated assets and liabilities of the Group as of December 31, 2018 and December 31, 2017: December 31, 2018 TL Equivalent USD EUR GBP 1. Trade receivables 114.065.107 3.684.404 15.707.005 - 2. Monetary financial assets 177.421.410 1.639.996 27.952.305 44.652 3. Other 33.905.367 215.996 5.436.137 - 4. Current Assets (1+2+3) 325.391.884 5.540.396 49.095.447 44.652 5. Other 96.274.098 - 15.971.151 - 6. Non-current assets (5) 96.274.098 - 15.971.151 - 7. Total assets (4+6) 421.665.982 5.540.396 65.066.598 44.652 8. Trade payables 37.792.363 471.529 5.857.780 150 9. Financial liabilities 200.228.549 28.652 33.191.409 - 10. Other monetary liabilities 13.901.365 188.929 2.069.654 64.868 11. Short-term liabilities (8+9+10) 251.922.277 689.110 41.118.843 65.018 12. Financial liabilities 391.560.646 12.399 64.946.154 - 13. Other monetary liabilities - - - - 14. Long-term liabilities (12+13) 391.560.646 12.399 64.946.154 - 15. Total liabilities (11+14) 643.482.923 701.509 106.064.997 65.018 16. Net foreign currency asset/ (liability) position (7-15) (221.816.941) 4.838.887 (40.998.399) (20.366) 17. Net monetary foreign currency asset/(liability) position (7-15) (221.816.941) 4.838.887 (40.998.399) (20.366)