CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 49 Çelebi Ground Handling 2018 Annual Report The accompanying notes form an integral part of these consolidated financial statements. Current Period Prior Period Audited Audited Notes December 31, 2018 December 31, 2018 LIABILITIES Current liabilities Short-term financial liabilities 7 4.047.575 1.069.729 Short term portion of long term financial liabilities 7 229.741.802 57.766.719 Trade payables 99.964.539 77.397.349 - Due to related parties 8 9.649.715 11.262.592 - Due to third parties 8 90.314.824 66.134.757 Employee benefit obligations 17 39.211.242 28.208.863 Other payables 12.845.993 8.642.998 - Due to third parties 9 12.845.993 8.642.998 Deferred income 16 15.698.571 10.765.786 Current income tax liabilities 28 12.443.013 439.410 Short-term provisions 18.416.550 13.975.285 - Provisions for employee benefits 13 12.474.484 8.801.865 - Other provisions 13 5.942.066 5.173.420 Other current liabilities 14 9.878.674 5.288.645 Total current liabilities 442.247.959 203.554.784 Non-current Liabilities Long-term financial liabilities 7 488.025.051 282.516.358 Other payables 16.098.610 12.532.767 - Due to third parties 9 16.098.610 12.532.767 Long-term provisions 27.467.482 22.006.598 - Provisions for employee benefits 13 27.467.482 22.006.598 Deferred tax liabilities 28 5.876.935 5.646.811 Other non-current liabilities 14 188.220.156 138.701.411 Deferred income 16 1.036.334 2.228.283 Total non-current liabilities 726.724.568 463.632.228 Total liabilities 1.168.972.527 667.187.012 SHAREHOLDER’S EQUITY Equity attributable to equity holders of the parent 336.259.562 158.880.032 Paid-in capital 18 24.300.000 24.300.000 Other accumulated comprehensive income/(expense) not to be reclassified to profit or loss (24.478.059) (18.927.043) - Actuarial gain/(loss) arising from defined benefit plans (24.478.059) (18.927.043) Other accumulated comprehensive income/(expense) to be reclassified to profit or loss 97.242.555 42.350.965 - Foreign currency translation differences 97.242.555 42.350.965 Restricted reserves 18 50.630.456 43.097.456 Retained earnings (16.019.346) (17.302.954) Net profit for the year 204.583.956 85.361.608 Non-controlling interest 16.827.952 9.975.142 Total shareholder’s equity 353.087.514 168.855.174 Total liabilities and shareholder’s equity 1.522.060.041 836.042.186 CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2018 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.)