CELEBI GROUND HANDLING ANNUAL REPORT 2018

47 Çelebi Ground Handling 2018 Annual Report CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1 - 31 DECEMBER 2018 AND INDEPENDENT AUDITOR’S REPORT CONTENTS Page CONSOLIDATED STATEMENT OF FINANCIAL POSITION 48-49 CONSOLIDATED STATEMENTS OF PROFIT OR LOSS 50 CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME 51 CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY 52-55 CONSOLIDATED STATEMENTS OF CASH FLOWS 56-57 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 58-112 NOTE 1 - ORGANIZATION AND NATURE OF OPERATIONS OF THE GROUP 58 NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS 60 NOTE 3 - SEGMENT REPORTING 77 NOTE 4 - CASH AND CASH EQUIVALENTS 81 NOTE 5 - FINANCIAL INVESTMENTS 81 NOTE 6 - INVESTMENT ACCOUNTED BY USING THE EQUITY METHOD 82 NOTE 7 - SHORT TERM AND LONG TERM FINANCIAL LIABILITIES 83 NOTE 8 - TRADE RECEIVABLES AND PAYABLES 86 NOTE 9 - OTHER RECEIVABLES AND PAYABLES 88 NOTE 10 - INVENTORIES 89 NOTE 11 - PROPERTY, PLANT AND EQUIPMENT 89 NOTE 12 - INTANGIBLE ASSETS 91 NOTE 13 - PROVISIONS, COMMITMENTS, CONTINGENT ASSETS AND LIABILITIES 93 NOTE 14 - OTHER ASSETS AND LIABILITIES 96 NOTE 15 - PREPAID EXPENSES 97 NOTE 16 - DEFERRED INCOME 98 NOTE 17 - LIABILITIES FOR EMPLOYEE BENEFITS 98 NOTE 18 - EQUITY 98 NOTE 19 - REVENUE AND COST OF SALES 99 NOTE 20 - EXPENSES BY NATURE 100 NOTE 21 - GENERAL ADMINISTRATIVE EXPENSES 100 NOTE 22 - OTHER OPERATING INCOME 100 NOTE 23 - OTHER OPERATING EXPENSES 101 NOTE 24 - INCOME FROM INVESTMENT ACTIVITIES 101 NOTE 25 - EXPENSES FROM INVESTMENT ACTIVITIES 101 NOTE 26 - FINANCIAL INCOME 101 NOTE 27 - FINANCIAL EXPENSES 102 NOTE 28 - TAX ASSETS AND LIABILITIES 102 NOTE 29 - EARNINGS PER SHARE 105 NOTE 30 - RELATED PARTY DISCLOSURES 105 NOTE 31 - FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT 108 NOTE 32 - FINANCIAL INSTRUMENTS 112 NOTE 33 - SUBSEQUENT EVENTS 112